German Chancellor Angela Merkel said on Saturday that the digital world needs regulations like those that exist for financial markets in the G20 and for trade under the World Trade Organization.
Global policymakers are facing uncharted territory as emerging technologies open new frontiers for regulation with the inter-networking of smart devices and trends in the automation of factories, dubbed Industry 4.0 by German politicians.
“We still have no international rules,” Merkel said alongside Mexican President Enrique Pena Nieto during a visit to Mexico City, stressing that there were important security concerns without common standards.
“Otherwise some provider could emerge … that’s an island, and from which things could be done, relevant to security, that could destroy an entire system. On this question of the rules-based handling of it, we’re still right at the start.”
Germany wants to use its presidency of the Group of 20 major economies to develop a concrete plan on digital policy at a summit in July. Merkel pointed to an agreement by G20 nations to fight cyber attacks on the global banking system.
Germany has said it wants to establish a common global plan to promote fast internet for all and agree on common technical standards at the G20 meeting in Hamburg next month.
Europe and the United States needed to work together on ensuring sensible rules because standards had been very erratically set so far, Merkel said.
(Reporting by Andreas Rinke and Dave Graham; Editing by Marguerita Choy and Chizu Nomiyama)
GOP leaders in open warfare with Trump’s White House as another government shutdown looms
According to a report in the Washington Post, GOP leaders are at an impasse with the White House on future budget concerns as President Donald Trump's chief of staff -- which is leading to fears of another government shutdown.
The report states, "GOP leaders have spent months cajoling President Trump in favor of a bipartisan budget deal that would fund the government and raise the limit on federal borrowing this fall, but their efforts have yet to produce a deal."
Trump Twitter-snarls at ‘Impeachment Day’ protesters as the product of ‘Radical Left Democrats’
President Donald Trump lashed out at Impeachment Day protesters on Twitter on Sunday morning, downplaying their efforts after seeing a report on Fox News.
Taking to Twitter the president wrote, "Yesterday was the Radical Left Democrats big Impeachment day. They worked so hard to make it something really big and special but had one problem - almost nobody showed up. “The Media admits low turnout for anti-Trump rallies ...saying enough. Democrat voters want to hear the politicians talking about issues. This is a huge distraction and will only help Donald Trump get elected. 'Greatest President since Ronald Reagan' said a counter-protester. LehighValleyLive."
Trump’s first term: hits and misses
"Promises made, promises kept," goes one of President Donald Trump's main 2020 reelection slogans. Is that true?
Here are some of the key policy hits and misses -- comparing his accomplishments to his promises -- from a tumultuous first term.
- HITS -
The economy will be Trump's major selling point.
GDP grew 3.1 percent in the first quarter of 2019 and the last recession was a decade ago. Unemployment is at a 50-year low of 3.6 percent.
Trump's frequent claim that the economy is probably "the best" in US history is an exaggeration, though.
Economists see growing dangers, including exploding government debt and growing backlash from Trump's aggressive trade policies, especially with China.