3 INDIA Loans worry
An explosion in AI-based loan apps in India is creating problems with transparency and accountability . Many young people in the country have turned to lending apps as smartphone usage has boomed in the country , yet some of the new fintech lenders lack effective channels of complaint , leading to credit ratings being damaged . The algorithms are also said to disproportionately exclude marginalised groups , including women .
4 CHINA Senate bill row
China has expressed “ strong dissatisfaction ” at a US Senate bill – the Innovation and Competition Act – aimed at boosting American technology and manufacturing . The National People ’ s Congress said : “ This bill seeks to exaggerate and spread the so-called China threat to maintain global American hegemony , using human rights and religion as excuses to interfere in China ’ s domestic politics and deprive China of its legitimate development rights .”
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