Industries

By: Anton Kozyrev Throughout the 20th century, Mercedes-Benz established itself as a principal leader in the automotive industry -- excelling in various developments and innovations. It began, of course, with Carl Benz’s Patent No. 37435 for a “three-wheeled, self-propelled vehicle with a rear-mounted single-cylinder engine.” This patent from 1886 serves as a “birth certificate” of sorts of the modern-day, gas-powered automobile. Many other innovations followed suit in following years, from the honeycomb radiator in 1901 and the Antilock Braking System (ABS) in 1978. With this brand ethic and work mentality of striving for continual improvement and development, Mercedes-Benz was able…

By: Luci Lyu If any winner emerged out of COVID-19, it would be the rapidly growing digital economy. In 2020, Zoom’s revenue spiked 369% from a year ago, Amazon’s sales grew by 37%, and Netflix’s stock price saw a 64% increase. Digital companies are not the ones affected. The pandemic has changed the way people work, socialize, and shop. As a result, many traditional companies must digitalize to stay competitive. This digitalization trend amongst corporations would likely persist, making the long-debated digital tax an eminent concern.  In 2019, France announced its decision to implement a 3% revenue tax on digital…

By: Justin Holmes As the US passes 124 million coronavirus vaccine shots administered, a return to normality seems just on the horizon. But while empty arenas and outdoor-only-dining may become relics of a socially distanced past, the emergence of telehealth—technologically supported long distance healthcare—is here to stay. Before the pandemic, telehealth had already been steadily growing in popularity. The percentage of hospitals at least partially implementing a computerized telehealth system more than doubled from 35% in 2010 to 76% in 2017. Telehealth was seen as an effective method to overcome geographic, transportation, patient mobility, and funding related barriers.  When state…

By: Iris An Lazada, the online shopping site owned by the Chinese tech company Alibaba, is struggling to maintain its role as the leading ecommerce firm in Southeast Asia.  With a population of 670 million and over 400 million online users, Southeast Asia is one of the world’s fastest growing internet markets. The region enjoys some of the highest rates of internet adoption, the longest hours online per capita, the largest youth group, and an active local social media industry.  Last year, Southeast Asian countries received more than 40 million new Internet users, with the overall online economy hitting $105…

By: Dave Ghosh When President-elect Joe Biden is sworn into office on January 20, 2021, many will cheer for a variety of reasons. It may be because the inauguration marks a change in rhetoric on the part of the leader of the United States. Or it may be because people want a different response to the pandemic. Or it may be because they were personally affected by some of President Trump’s policies. There will also be a lot of people who find themselves feeling disappointed; many of President Trump’s supporters bought into his vision of “law and order” and “mak[ing]…

By: Anton Kozyrev With the ever-escalating trade war with the People’s Republic of China, crackdowns on Chinese companies and entities are on the rise. Technological behemoth Huawei Technologies is no different. Within the past year, many Western governments have declared Huawei an agent of the Chinese Communist Party (CCP), and have therefore taken strong stances in order to restrict Huawei’s access to broader markets.  In fact, the BBC reported in an October 8, 2020 article by Gordon Corera titled “Huawei: MPs claim ‘clear evidence of collusion’ with Chinese Communist Party,” various European parliamentary committees have continued to assert the existence…

Stock trading was never really a young person’s game; in fact, stock trading was never free, at least not until now. The rise of the smart-phone and the digitization of our lives has changed everything from the way we shop to the way we trade stocks. Ten years ago, it was rare to see 20 year olds trading, now you can ask almost any group of friends and at least one of them will say they know someone trading stocks. Stock trading has opened up to people of all socioeconomic backgrounds and ages for one sole reason: free mobile stock…

In case you haven’t heard, President Trump said he planned to ban TikTok in the United States sometime in September of this year because of the risk of the popular social media app, impeding among American freedoms and security. To counteract the gaping hole that would be left by the fun and transcendent experience of posting short-1 minute clips of drop dead humor, Microsoft offered to jump in and buy TikTok. And then recently just a few days ago, Walmart also entered the competition for America’s most comedic website. Now Walmart and Microsoft are teaming up in attempting to claim…