U.S. designates China as currency manipulator for first time in decades

Reuters | August 06, 2019

The U.S. government has determined that China is manipulating its currency and will engage with the International Monetary Fund to eliminate unfair competition from Beijing, U.S. Treasury Secretary Steven Mnuchin said in a statement on Monday. The move brings already tense U.S.-Chinese relations to a boil and fulfills U.S. President Donald Trump’s promise to label China a currency manipulator for the first time since 1994. The U.S. action follows China allowing its yuan to weaken past the key 7-per-dollar level on Monday for the first time in more than a decade. Beijing later said it would stop buying U.S. agricultural products, inflaming a yearlong trade war with the United States.

Spotlight

The U.S. is continuing its trade war with China in 2019. Today, a tariff hike from 10 to 25 percent on US$200 billion worth of goods that had been put off since January took effect. After a truce and renewed talks between Beijing and Washington, which brought about no resolution, the Trump administration followed through with their plan to hike up the tariffs. Chinese officials were quick to reply that they would follow suit.

Spotlight

The U.S. is continuing its trade war with China in 2019. Today, a tariff hike from 10 to 25 percent on US$200 billion worth of goods that had been put off since January took effect. After a truce and renewed talks between Beijing and Washington, which brought about no resolution, the Trump administration followed through with their plan to hike up the tariffs. Chinese officials were quick to reply that they would follow suit.

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AT&T | November 18, 2021

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Accela Announces Fall 2020 Product Release Which Includes the Launch of its Civic Platform V20.2

Accela | November 02, 2020

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Eightfold Selected as AI Platform for Defense Innovation Unit (DIU) GigEagle Application

Eightfold AI | May 10, 2022

Eightfold AI, the leader in AI-powered talent intelligence, in partnership with Carahsoft Technology Corp., the Trusted Government IT Solutions Provider, announced that they have been awarded an Other Transaction (OT) prototype contract for the Defense Innovation Unit (DIU), an organization within the Department of Defense (DoD), to develop and deploy a talent intelligence platform to identify currently undiscoverable expertise for the Department. Eightfold's Talent Intelligence Platform will power a talent marketplace app titled "GigEagle," which matches DoD mission needs with military personnel, specifically Reservists and National Guard members, seeking short-term, project-based duties. The Eightfold platform will help more easily and closely connect DoD project managers with personnel that can best contribute to digital skill gaps on short-term projects. Eightfold's addition to Carahsoft's AI portfolio solves a critical need for government agencies to revolutionize their talent operations through both speed and intelligence. This added level of intelligence that matches individual skills with short-term project requirements is pivotal for service members and the Defense Department as the organization scales its strategic and highly innovative 'gig' program." Patrick Gallagher, Vice President of Sales at Carahsoft "We are excited to enable DIU's vision as they tap into their highly diverse and skilled talent network that is already committed to delivering on defense projects," said Kamal Ahluwalia, President of Eightfold AI. "It is gratifying to see how the sophistication of our AI, in combination with our modern user interface, advanced security, and unmatched scalability can bolster the competitive advantage of commercial and public sector organizations alike." About Eightfold AI Eightfold AI's market-leading Talent Intelligence Platform helps organizations retain top performers, upskill and reskill their workforce, recruit talent efficiently, and reach diversity goals. Eightfold's patented deep learning artificial intelligence platform is available in more than 100 countries and 20 languages, enabling cutting-edge enterprises to transform their talent into a competitive advantage. About Carahsoft Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and Engagement, and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles.

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