Criminals from across the globe have long exploited the lucrative business of kidnapping. Estimated to extract $0.5bn to $1.5bn from their victims each year, it is no wonder the appetite for it among criminal gangs is growing.
Huawei, the telecommunications company that promises to revolutionise connectivity, faces a powerful adversary in the form of the US. Founded in 1987, Huawei has become the dominant player in its field, outcompeting its European 5G rivals. The technology company is also a significant player in the smartphone industry, beating Apple in overall sales, thus jumping to second place and in the process separating the two smartphone giants; Apple and Samsung, for the first time in seven years. Huawei’s tenure as the dominant 5G provider has not been a comfortable one.
Slowly but surely, the digital age has changed many aspects of our lives, from how we interact with people to the way we source information. It is only natural, then, that our means of exchange also undergo rapid change.
“Wherever there is great property, there is great inequality,” echoed the words of Adam Smith, the father of modern economics. He could not have been more right at any other time than the present.
In spite of criticism over excessive bureaucracy, the EU has undeniably taken the lead over the US in new regulation of big-tech; these ideas will significantly impact the future activities of Silicon Valley’s largest firms. Europe is an increasingly important source of technology revenue; Amazon, Apple, Facebook, and Microsoft each reported a quarter of annual revenue from the continent in 2018. As the world’s largest single economic bloc, the standards of the EU are often copied as benchmarks for the developing world; hence European policy could have a knock-on effect on attitudes to big-tech globally. European economic power is matched with tough restrictions on lobbying and unification of legal standards across multiple jurisdictions, helping the region take an objective and long-term perspective towards significant technology regulation. Continue reading “The New European Tech Doctrine Part II: How Aggressive European Policy is reshaping the future of big-tech”
This is the third part of our analysis of Amazon’s rise to 1 trillion. Today, we look at Amazon’s economic power and impact on jobs and wages.
When we talk about Amazon we do not just talk about the world’s largest online retailer or the rising star in Washington’s lobbying circles. Arguably, Amazon’s impact on job creation, investment and industry competition levels is even more important. The company’s size is large enough to change the personal lives of millions of people and the economic life of entire regions, if not entire countries. Continue reading “Race to One Trillion: It’s an Amazonian Economy”