Economy

Chip battle
Source: US opens up for Nvidia chip exports to China

The US Department of Commerce is expected to approve Nvidia's export of the advanced H200 chip to China shortly. The site Semafor reports, citing a source. The news initially caused Nvidia's shares to rise 3 percent on Wall Street. By 7:55 p.m., the gains had moderated to just over 1 percent.

The decision is described as a concession in the ongoing negotiations with China.

The Trump administration had already considered approving the sale, sources told Reuters last month.

The climate threat  The development of electric cars
Ford CEO: Electric car policy in the EU a recipe for chaos

While Brussels is considering new rules for the transition to electric cars, no one is talking about the elephant in the room, writes Ford CEO Jim Farley in an opinion piece in the FT.

He is referring to the fact that European customers "simply don't buy very many electric cars." At the same time, the industry is facing some of the world's most aggressive climate requirements, with regulations that require a pace of electrification far in excess of what consumers demand. This is something that is exacerbated by Chinese competition.

"Setting unrealistic rules that are then adjusted at the end of each year when customers fail to show up is a recipe for chaos," writes Farley, who believes that the automotive industry cannot plan ten years ahead under such conditions.

The streaming war
Documents: Trump's son-in-law part of the hostile bid

Donald Trump's son-in-law Jared Kushner is part of Paramount's hostile bid for Warner Bros, documents obtained by Axios show. One of Paramount's arguments that strengthens the bid is that Kushner's participation increases the likelihood of the deal being approved in Washington.

He is involved in the bid through the venture capital firm Affinity Partners, which Kushner co-founded in 2021. Axios notes that Affinity Partners was not mentioned in Monday's press release from Paramount announcing the hostile bid.

According to the documents, the Ellison family, major owners of Paramount, and three Gulf states will contribute close to $36 billion, while Affinity Partners will contribute an undisclosed amount.

If the deal goes through for Paramount, it will be the second time Kushner has been involved in a major deal this year. He most recently played a key role when gaming giant Electronic Arts was taken private, Axios writes. 

Meta's future
Meta can avoid billion-dollar fines from the EU

Facebook owner Meta Platform's proposal to reduce the use of personal data for targeted advertising in its "pay-or-consent" model was recognized by the EU's competition authorities on Monday. It is a message that signals that the company will avoid daily fines after all, Reuters reports.

Meta has been in negotiations with the European Commission since April, when the company was fined €200 million, equivalent to nearly SEK 2.2 billion, for violating the EU's Digital Markets (DMA) law. The law aims to limit the power of the big tech giants, promote competition and give users more choice. 

Economists: Swedish income mobility less

Income mobility in Sweden has decreased in recent years, which is worrying because it indicates that the economy has become less dynamic. This is what three economists write in a new report for ESO, a committee under the Ministry of Finance.

"Anyone who only looks at the Gini coefficient misses the fact that more and more Swedes have long-term low incomes," they write, with a nod to politicians:

"Unfortunately, this trend has been going on for 15 years without being noticed. We hope that this will change now."