U.S. Federal Aviation Administration probing safety data of Boeing 737 MAX 8 and MAX 9 models

The high priority probes comes in the wake of yet another crash of a Boeing aircraft in Indonesia. Following the crash of a Lion Air jet in Indonesia last month, the U.S. Federal Aviation Administration has launched a high-priority probe of the safety analyses performed over the years by Boeing Co. The regulator has stated,…

Britain tries to maintain its financial edge by promoting growth of fintech companies

Britain is likely to see an increase in the number of Payment Service Providers in 2018. In a move designed to boost the growth of fintech companies, Britain’s central bank, the Bank of England has widened access to Britain’s interbank payments system to new fintech firms, an area that was previously dominated by the “Big…

Trump Administration making CFIUS stronger to block Chinese investment in Artificial Intelligence and Machine Learning

The Chinese have found weaknesses in CFIUS and are exploiting it to the hilt. As per current and former U.S. officials, the U.S. is poised to heighten the scrutiny on investments made by China in Silicon Valley in order to better shield sensitive technologies which are seen as vital to U.S. national security. In recent…

Trump Administration plans on unveiling revised self-driving rules in the near future

While the Obama Administration’s focused on safety issues vis-à-vis self-driving vehicles, the current administration aims to ease the rules of business. On Monday, the head of the U.S. Department of Transportation stated that U.S. President Donald Trump’s administration will unveil revised guidelines for self-driving vehicles in the coming months. The announcement follows calls by auto…

Major U.S. tech companies press Congress for increased transparency in internet surveillance programs

A bipartisan group is in the process of drafting legislation which is expected to address some, if not all, of the concerns raised in the said letter. More than two dozen U.S. tech companies in the U.S., including Amazon and Facebook has urged the U.S. Congress to make broad changes to laws that govern internet…