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Alibaba Chairman Jack Ma makes speech during ‘Back to the Classroom’ event as part of the Jack Ma Rural Teacher Award Ceremony on January 13, 2019 in Sanya, Hainan Province of China.

VCG | Visual China Group | Getty Images

PARIS — Jack Ma, the billionaire founder of Chinese e-commerce titan Alibaba, is worried about Europe.

Why? Because Europe is worried about technology, he says, and is tightening regulations that restrict companies’ ability to innovate.

“Everything they do is full with rules and laws,” he told attendees at the Viva Technology conference in Paris Thursday. “And everything they think about, they start to worry. When they worry, they make rules and laws.”

He said that, when faced with problems, Chinese entrepreneurs “start to solve the problems, then think about rules and laws.”

“I worry about Europe,” Ma added. “I worry about the worries of Europe. Africa does not worry. Asia does not worry. What are they worried about?”

Ma suggested that this was the reason why Europe has been something of a laggard with respect to tech. The region has not produced massive tech firms in the same way that the U.S. and China has, and is largely seen as falling behind the world’s two largest economies on that front.

Europe has been viewed as leading the way when it comes to regulating large tech companies though. The European Union for instance last year introduced stringent new data laws aimed at ensuring consumers’ right to privacy. The EU executive meanwhile recently published guidelines aimed at maintaining ethics in artificial intelligence (AI).

Ma pushed back against worries over AI Thursday. The Alibaba executive chairman said the firm uses artificial intelligence to “arrest and catch a lot thieves.” For example, he referred to the company’s payments platform Alipay, explaining it uses machine learning to detect “cheating” bad actors.

“If you think the technology revolution is a problem, I’m sorry to say a problem just started,” he added. “If you think it’s an opportunity, the opportunity just started. The only thing is your mentality. If the mentality is now a worry, you’ll worry all the time.”

China is home to a group of three large technology firms often referred to as the BAT — Baidu, Alibaba and Tencent. It’s also seen swelling venture capital investment in the tech sector, with Ant Financial raising a record $14 billion funding round from investors last year.

The country has faced increased trade pressure from the United States however, and that’s also crossed over into its tech scene. President Donald Trump recently declared a statement of emergency over the threat to U.S. tech companies.

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US-UK trade deal within a year of Brexit will be tight, UK PM Johnson

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It will be tight to meet the United States’ desire to do a post-Brexit trade deal with Britain within a year, British Prime Minister Boris Johnson said on Sunday.

Johnson, who took office last month, had his first bilateral meeting with U.S. President Donald Trump earlier on Sunday at the G7 meeting in France and the two discussed a range of issues including trade.

In interviews with British television media afterwards, Johnson said the United States wanted to do a deal within a year of Britain leaving the EU on Oct. 31.

“Years and years is an exaggeration, but to do it all within a year is going to be tight,” he told BBC TV.

Johnson also said the chances of Britain agreeing a Brexit deal with the EU were improving but it would be “touch and go”.

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At G-7, Trump says he is not happy about North Korea missile tests

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SAINT-JEAN-DE-LUZ, France — President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.

“I’m not happy about it but again he’s not in violation of any agreement,” Trump said when asked about the recent string of tests from the North’s Kim Jong Un.

“I discussed long-range ballistic and that he cannot do and he hasn’t been doing it and he hasn’t been doing nuclear testing. He has done short-range, much more standard missiles, a lot of people are testing those missiles, not just him. We are in the world of missiles folks, whether you like it or not,” Trump said.

Meanwhile, Japanese Prime Minister Shinzo Abe said North Korea’s test was in violation of UN Security Council resolutions.

On Saturday, North Korea fired what appeared to be two short-range ballistic missiles into the sea off its east coast, the South Korean military said, the latest in a series of launches in recent weeks amid stalled denuclearization talks.

North Korea, the only nation to have tested nuclear weapons this century, spent most of Trump’s first year in office perfecting its nuclear arsenal. The newest member of the world’s exclusive nuclear weapons club has stopped testing of its nukes for now as the U.S. and international community offer the possibility of relief from crippling economic sanctions.

Under the third-generation North Korean leader, the reclusive state has conducted its most powerful nuclear test, launched its first-ever intercontinental ballistic missile and threatened to send missiles into the waters near the U.S. territory of Guam.

Since 2011, Kim has fired more than 90 missiles and had four nuclear weapons tests, which is more than what his father, Kim Jong Il, and grandfather, Kim Il Sung, launched over a period of 27 years.

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Trump at G7 hints at ‘very big trade deal’ with Britain post Brexit

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U.S. President Donald Trump and Britain’s Prime Minister Boris Johnson arrive for a bilateral meeting during the G7 summit on August 25, 2019 in Biarritz, France.

Pool | Getty Images News | Getty Images

SAINT-JEAN-DE-LUZ, France — President Donald Trump met Britain’s Prime Minister Boris Johnson kicking off Group of 7 meetings in the French seaside town of Biarritz.

Clouding the G-7 gathering, which represents the world’s major industrial economies, is the U.K.’s uncertain removal from the European Union.

“He needs no advice, he’s the right man for the job,” Trump said when asked if he had any guidance for Johnson on how to deliver Brexit. “This is a different person and this is a person that is going to be a great prime minister in my opinion,” Trump added of the new prime minister.

In less than three months, Johnson will be at the helm of overseeing U.K.’s removal from the European Union, a move considered to be one of the most significant political and economic changes for the kingdom. And yet, it is still unclear, how, when or if Britain will still leave the European Union. The uncertainty around Brexit has rocked global markets and spooked allies.

Trump said that he would have a major trade deal with U.K. upon leaving the European Union.

“We’re are having very good trade talks between the U.K. and ourselves. We’re going to do a very big trade deal, bigger than we’ve ever had with the UK,” Trump said. “At some point, they won’t have the obstacle of, they won’t have the anchor around their ankle, because that’s what they had. So, we’re going to have some very good trade talks and big numbers,” he said without adding any more detail on a potential deal.

U.S. President Donald Trump and Britain’s Prime Minister Boris Johnson attend a bilateral meeting during the G7 summit on August 25, 2019 in Biarritz, France.

Pool | Getty Images News | Getty Images

Johnson said he was similarly looking forward to future trade deals with the United States and praised Trump’s work on the American economy.

“We’ll be having some pretty comprehensive talks about how to take forward the relationship in all sorts of ways, particularly on trade and we are very excited about that,” Johnson said. “And I just want to actually congratulate the president on everything that the American economy is achieving, it’s fantastic to see that,” he added.

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