The US Senate Commerce Committee approved the "Connected Vehicle Security Act of 2026," which bans vehicles from companies with over 15% Chinese ownership. This legislation could bar Mercedes-Benz (due to 20% Chinese investment) and Polestar (majority-owned by Geely) from the American market, prompting concerns from European automakers.
The ET Business Growth Summit will be held in Ahmedabad, Gujarat, on July 31, 2026, bringing together founders, investors, and policymakers. The event aims to discuss how India's MSMEs can achieve global competitiveness and resilience through policy support, infrastructure development, and technology-led innovation.
The Hong Kong Stock Exchange (HKEX) is expected to announce confidential filing and lower market capitalization requirements for listings by the end of this month, following months of consultations with market participants.
The Hong Kong Stock Exchange (HKEX) is in early discussions to extend its trading hours, potentially to 5pm or 8pm, according to two sources. The move aims to enhance market competitiveness, though scrapping the lunch break is not being considered.
Hong Kong must develop its Northern Metropolis into a 'science and education city' to align with China's national strategy and maintain competitiveness. This initiative integrates technology, education, and research through the San Tin Technopole, university town, and Hetao Innovation Cooperation Zone.
CNBC's 20th annual "Top States for Business" study ranks all 50 states on 138 metrics across 10 categories. Infrastructure is the top-weighted category for 2026, factoring in transport, utilities, water, energy, and permitting ease. Economy and Workforce follow.
President Xi Jinping presented China's top science awards, emphasizing tech innovation's role in modernization and global competitiveness. He acknowledged challenges like insufficient original innovation and talent structure issues.
Economist Surjit Bhalla states a comprehensive India-US trade deal is vital for India's economic growth, competitiveness, and development, extending beyond trade balances to markets and technology. He warns delays benefit China and urges PM Modi to prioritize it, noting other trade deals are insufficient.
JPMorgan CEO Jamie Dimon criticized Canadian PM Mark Carney's call for middle powers to form coalitions, calling it a "fantasy" and pointing to Europe's declining competitiveness due to high taxes and regulation. Dimon stressed the need for attractive business environments over geopolitical blocs.
China's Ministry of Industry and Information Technology and seven other agencies released a plan Tuesday to expand digital infrastructure, boost AI in factories, and develop industrial internet platforms. Targets include 50,000 industrial 5G private networks by 2030.
Busan Mayor Jeon Jae-soo pledged to resolve the city's 30-year water supply issue by cooperating with Gyeongnam Province and highlighted the Bu-Ul-Gyeong region's competitiveness in 'physical AI' due to stable power and data infrastructure.
The Bank of England has revised its stablecoin policy, removing individual holding limits but imposing a £40 billion market cap, sparking concerns about competitiveness with dollar-denominated stablecoins.
The European Commission unveiled a tax simplification package expected to save EU businesses €8 billion annually by reducing red tape and simplifying cross-border payments. The proposals aim to boost investment, enhance competitiveness, and potentially increase EU GDP by 0.2% per year.
EU leaders are considering trade defence measures against China's 'overcapacity,' but the author argues this is a misnomer. China's manufacturing growth stems from its integration into global supply chains and adherence to international standards, making its products competitive through efficiency and expertise, not unfair practices.
Premier Li Qiang visited Dalian's shipbuilding industry, urging state-owned firms to achieve breakthroughs in high-end equipment manufacturing and bolster industrial competitiveness. He emphasized tracking international technological frontiers and strengthening innovation.
The EU plans new banking reforms to tackle fragmentation, reduce reliance on foreign banks, and boost financing for critical sectors like defense and green transitions. A draft report highlights the need for greater cross-border integration and simplified regulations.
Foreign students in Chungnam have increased by approximately 88% in four years, reaching 16,182 last year. A proposal suggests implementing a Chungnam-type regional visa policy to utilize these students as local talent, addressing both regional extinction and industrial competitiveness.
Hong Kong, a global AI hub, faces significant energy constraints due to its electricity deficit. To sustain its AI ambitions, the city needs to integrate energy-aware planning and leverage the Greater Bay Area for compute infrastructure, focusing on high-value, low-energy segments like financial AI and regulatory technology.
India and the US have finalized the framework of a trade agreement, but its implementation is stalled by New Delhi's need to secure a competitive tariff advantage over rival nations, according to Union Minister Piyush Goyal. The key hurdle is ensuring Indian exports face lower duties than those from competing countries.
PM Narendra Modi transferred Rs 2,400 crore to beneficiaries under the Prime Minister Viksit Bharat Rozgar Yojana (PM-VBRY), aiming to create 15 lakh employment opportunities. He highlighted the role of trade agreements in opening new markets and emphasized quality in products and services for international competitiveness.
Europe has a chance to attract investment and boost strategic autonomy but must reform and cut red tape to compete with the US and Asia, according to speakers at the FII Institute summit in Rome. Greater regulatory flexibility and faster decision-making are key to channeling capital into strategic sectors.
Lee Man hires Giancarlo Italiano, former Wellington Phoenix coach, to lead the club with a new perspective, enhancing competitiveness on and off the pitch.
EU leaders meet in Brussels for a two-day summit addressing competitiveness, trade, Ukraine, the Middle East, defense, and the bloc's next seven-year budget. The summit is the first since leadership changes in Hungary and Bulgaria.
Hong Kong has climbed to second place in the global competitiveness ranking, its highest position in seven years, trailing only Singapore. The report by the IMD highlights sustained performance across government efficiency, infrastructure, economic performance, and business efficiency, reinforcing Asia's dominance at the top.
