In the political sphere, Biden’s plan to keep migrants away from the US border is noteworthy. On the other hand, India has chosen to suspend the issuance of visas to Canadian citizens.
From an economic point of view, tensions between China and the United States could discourage private investment. At the same time, the bank protection measures implemented after the 2008 crisis are considered insufficient.
In the business world, Rupert Murdoch leaves his post as chairman of Fox and News Corp. Additionally, Cisco is in the process of acquiring cybersecurity company Splunk.
Policy
- Joe Biden’s administration faces significant challenges in addressing the humanitarian and political crisis unfolding at the U.S. border. The initiative, known as the Safe Mobility Program, aims to place migrants seeking protection in immigration processing centers in Central and South America, moving them away from the Mexico-United States border. UNITED STATES.
- Trudeau mentioned that Canadian intelligence services had information suggesting the possible involvement of Indian authorities in the murder of Hardeep Singh Nijjar, a Sikh leader of Canadian citizenship. In response, Indian authorities announced this Thursday the suspension of the issuance of visas to Canadian citizens.
Economy
- If geopolitical tensions between Beijing and Washington escalate, no American company will want to end up with assets stuck in China, as recently happened in Russia after the invasion of Ukraine. Many will prefer to hedge their risks by moving additional production to India or Southeast Asia.
- Problems at banks in the United States and Switzerland last spring highlighted the lack of effectiveness of reforms implemented after the 2008 financial crisis, showing once again that public capital injections have been the fundamental pillar of the financial system. system.
Business
- Rupert Murdoch will step down as chairman of Fox and News Corp in November, marking the end of a seven-decade tenure during which he built a media empire that transformed the news and entertainment landscape. In recognition of his legacy, he will assume the title of Chairman Emeritus of both companies. His eldest son, Lachlan Murdoch, will serve as chairman of News Corp while retaining his role as CEO of Fox Corp.
- Cisco Systems has reached a $28 billion deal to acquire Splunk, a cybersecurity company and maker of data analytics software. This initiative from the networking equipment giant aims to capitalize on the growing trend of generative artificial intelligence. The deal could be finalized by the end of the third quarter of 2024.
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