German Finance Minister warns of EU action on China overcapacity

Competition to accelerate maritime trade between China and Peru is intensifying following the opening of a large Chinese-owned port along Peru's Pacific coast. This new route is expected to enhance trade efficiency and strengthen economic ties between the two nations.

The increasing use of Chinese technology in European infrastructure is raising security alarms. Norway conducted a test by driving a Chinese-made bus down a mine to assess its vulnerability to hacking, highlighting concerns over the safety and reliability of such technology in critical systems.

The European Commission has been accused of a significant rollback of digital protections following proposals to delay key aspects of the Artificial Intelligence Act and dilute data protection regulations. If implemented, these changes would allow tech companies to utilize personal data for AI model training without user consent and reduce the frequency of consent requests for online tracking.

China has expressed its approval of the Netherlands' decision to suspend the seizure of Nexperia, a semiconductor company. However, Chinese officials are calling for a complete resolution of the matter to ensure stability in the market and to protect the interests of Nexperia.

Japan's seafood industry is facing significant challenges as China has announced a suspension of imports of Japanese seafood amid escalating diplomatic tensions. This decision is part of a broader dispute between the two nations and raises concerns about the economic impact on Japan's seafood sector.

The Netherlands has suspended its state seizure of the Chinese-owned chipmaker Nexperia, pausing a dispute that had threatened global car production. Dutch Economic Affairs Minister Vincent Karremans announced the decision, which aims to alleviate tensions between the EU and China over semiconductor supply chains.

"The Pulse With Francine Lacqua" features discussions with prominent guests in global business, economics, finance, and politics. Based in London, the show provides exclusive interviews and market insights. Today's guests include Mohamed Kande, PwC Global Chairman; Jack Selby, AZ-VC Managing Partner; Brad Rogoff from Barclays; and Helene Budliger Artieda, Director of the Switzerland State Secretariat for Economic Affairs.

The Navy Secretary has expressed concerns that workers in the shipbuilding industry may prefer jobs at Amazon, where they can earn higher wages. This situation poses a challenge for attracting talent to build America's warships, especially as the industry, which contributes $37.3 billion to the GDP, has been overshadowed by China's advancements in recent years.