War hampers

Israel’s economy

Nearly 11 months into the war with Hamas, Israel’s economy is struggling as the country’s leaders grind ahead with an offensive in Gaza that shows no signs of ending and threatens to escalate into a wider conflict. Prime Minister Benjamin Netanyahu has said the economic damage is only temporary. But the bloodiest, most destructive war ever between Israel and Hamas has hurt thousands of small businesses and compromised international trust in an economy once thought of as an entrepreneurial dynamo. Some leading economists say a cease-fire is the best way to stop the damage. The war has inflicted a far heavier toll on Gaza’s already broken economy.

Canada puts tariff

on Chinese EVs

Canada’s government says it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission. The announcement comes after encouragement by U.S. national security adviser Jake Sullivan during a meeting with Canadian Prime Minister Justin Trudeau on Sunday. Sullivan is making his first visit to Beijing on Tuesday. Trudeau says Canada also will impose a 25% tariff on Chinese steel and aluminum.

The Dutch data protection watchdog has slapped a $324 million fine on ride-hailing service Uber for allegedly transferring personal details of European drivers to the United States without adequate protection. Uber called the decision flawed and unjustified and said it would appeal. The Dutch Data Protection Authority said Monday the data transfers spanning more than two years amounted to a serious breach of the European Union’s General Data Protection Regulation.

Police use AI

to write reports

Police officers are starting to use artificial intelligence to help write crime reports. Pulling from the sounds of an officer’s body camera, an AI tool based on the same technology as ChatGPT can churn out the first draft of an incident report in seconds. Officers who’ve tried it in Oklahoma City and other police departments are enthused about the time-saving technology. Some prosecutors, police watchdogs and legal scholars have concerns about how it could alter a fundamental document in the criminal justice system that plays a role in who gets prosecuted or imprisoned.

Dow hits record;

S&P 500 falls

The Dow Jones Industrial Average closed at a record high on Wall Street, even as losses for Big Tech companies pulled the S&P 500 and the Nasdaq composite lower. The Dow edged up 0.2% Monday, enough to beat the all-time high it set last month. The S&P 500 lost 0.3%. and the Nasdaq composite pulled back 0.9%. The mixed trading came at the start of a week featuring another full slate of corporate earnings and the government’s latest inflation reading.