Tariff threats could push the masses into military manufacturing
Volkswagen is ready to give automakers advice on how to build armored vehicles go through Sam D. Smith 6 hours ago The tough global landscape makes Europe and Germany hope to increase defense capabilities. Volkswagen CEO said they are willing to advise other automakers of armed vehicles. Volkswagen Group also faces tariff risks on Mexico, Canada and Europe. With the rise of global tensions and Europe is striving to strengthen its defense capabilities, Volkswagen is clearly ready to take office. The news was released at the company’s annual media conference, which took place Tuesday in Wolfsburg. Of course, this is the background of geopolitical chaos. The U.S. has ceased military aid and intelligence sharing with Kiev following the influence between U.S. President Trump and Ukrainian President Zelenskyy, coupled with the upcoming talks in Saudi Arabia. In response, European leaders have been committed to increasing defense spending. Read: Volkswagen mentions dealerships’ 14 years of horrible sales In the case of Brussels,…
Tariff threats could force Volvo to build more cars in the U.S.
Volvo's idea to shift more production to the U.S. as it expects tariffs on European cars go through Sam D. Smith 5 hours ago Volvo is considering transferring some production to the United States due to potential tariff hikes. CEO Jim Rowen said the move depends on the impact of EU high-end car tariffs. Currently, the EX90 is made in the United States and more models can be added. The tariff Hokey-Cokey continues, not just U.S. automakers are trying to figure out what to do next. Volvo, which was launched from its new ES90 sedan, confirmed that executives are considering moving production to the U.S. to avoid tariffs proposed by the Trump administration. As of this writing, President Trump's 25% tariff on imported cars from Canada and Mexico is scheduled to take effect in April, which has been postponed for a month after concerns from Ford, Stralandis and general manager. Read: Trump talks with Big Three and stops tariffs after…
The euro remains stable despite tariff threats from the United States
The euro is experiencing a period of stability, with the narrowest trading range since former U.S. President Donald Trump took office, although recent comments suggest that U.S. trade restrictions on Europe are imminent. For more details, visit the full report on Yahoo Finance. Read also: Dollar rebound amid tariff chaos and market volatility According to Bloomberg, the euro was slightly below $1.0480 as of 10:57 a.m. London time, and the daily range was the tightest, according to Bloomberg. This restricted reaction follows Trump's reaction to the EU's announcement of a 25% tax. Despite similar discussions with trade negotiations with countries such as Mexico and Canada, market participants seem to have kept their positions until the official announcement is made. Interestingly, the tariff threat has not had a significant impact on the market, which is related to reducing foreign exchange hedging fees. Indexbox data suggest that spending to prevent volatility in the euro dollar approaches a two-month low in the upcoming…
Protect your business from deepfake threats
By Allen Blount | National Cyber & Technology Product Leader | Risk Strategy Originally Posted by Risk Strategy Deepfake technology blurs the line between reality and fiction. While deepfakes are sometimes used for entertainment purposes or as a novelty, they can be a dangerous tool for cybercriminals and can be used for scams, blackmail, and disinformation. Learn more about this threat so you can proactively prepare and protect your business. What are deepfakes? Deepfakes use artificial intelligence and machine learning algorithms to manipulate audio and video to convincingly replicate a person’s voice, image, expressions, and movements. This ability to forge another person’s likeness makes deepfakes a powerful tool for spreading false information, stealing data and money, and damaging reputations. Business Impact The threat posed by deepfakes goes far beyond personal privacy. They put companies at risk for financial fraud, reputational damage, and loss of public trust. For example, a finance officer was tricked into transferring $25 million to scammers who…
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