Economy

Illustration picture of semiconductor chips  

 

The development of AI

The US may further throttle China's imports of AI technology 

 

Joe Biden is considering further limiting China's ability to import US AI technology. This is according to sources for Reuters. 

  

Last year, the US imposed tough restrictions on Chinese imports of AI chips and semiconductor manufacturing tools. But via subsidiaries abroad, they have nevertheless been able to buy the technology and smuggle it into China.  

 

Now the US is investigating how to close the loophole in the restrictions.

   

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The development of electric cars

EU and UK may postpone expensive electric car tariffs  

 

The EU and Great Britain are nearing an agreement to suspend tariffs on electric cars, reports Bloomberg.  

 

As a result of Britain leaving the Union, tariffs of upwards of 10 percent on electric cars would come into effect from next year. Something that is estimated to cost the European electric car sector around SEK 50 billion and play into the hands of Chinese competitors.  

 

If the new agreement is reached, the tariffs will be postponed for another two years.  

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Economists: Now another interest rate increase is approaching  

 

The slowdown in Swedish inflation was disappointing and now the probability of another interest rate increase in November from the Riksbank is increasing. At the same time, things are going in the right direction. These are some of the comments after today's figure.  

 

CPIF fell sharply from 4.7 to 4 percent from last month, but analysts had expected 3.7 percent. “Not good, higher straight across. The inflation rate falls but lands higher than expected for both the market and the Riksbank. A November increase is approaching from the Riksbank," writes Max Matthiessen's investment manager Jon Arnell at X.  

 

SEB economist Robert Bergqvist describes the figures as "a cold shower". At the same time, he emphasizes in an interview with DI TV that it is important to look at the big picture. When he meets with companies, it is clear that the economy is slowing down and it is not as easy to raise prices as it was a year ago.  

 

But even he believes that there will now be another increase presented by Riksbank governor Erik Thedéen in November.  

 

Swedbank's head of forecasting, Andreas Wallström, is also on the same line.  

 

"Unfortunately, it now looks like we are right in the forecast that Rix will increase in November as well," he writes on X.

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