Nvidia CEO Jensen Huang said overnight that U.S. chip export controls are a “failure” and warned that the restrictions are doing more damage to American business than to China. Huang said in a news conference at Computex, an artificial intelligence trade show in Taiwan, that the policies have cut the AI chip leader’s China market…
North Korea’s leader Kim Jong Un has condemned a “serious accident” during the launch of a new warship on Thursday, calling it a “criminal act” that could not be tolerated. Parts of the 5,000-ton destroyer’s bottom were crushed, tipping the vessel off balance, state media reported. Kim, who was present at the launch, has ordered…
Germany’s Foreign Office has defended a decision to classify the Alternative für Deutschland (AfD) party as right-wing extremist, after sharp criticism from the White House. US Vice-President JD Vance accused “bureaucrats” of rebuilding the Berlin Wall, and Secretary of State Marco Rubio slammed the designation as “tyranny in disguise”. In an unusual move, the foreign…
China has warned countries against appeasing the US in trade talks over President Donald Trump’s tariffs. A Chinese commerce ministry spokesperson made the comments in response to reports that Washington plans to put pressure on governments to restrict trade with Beijing in exchange for exemptions to US import taxes. The Trump administration has started talks…
Shipping containers and gantry cranes beyond a fishing boat near the Yangshan Deepwater Port in Shanghai, China, on Wednesday, Dec. 6, 2023. China’s trade figures are scheduled for release on Dec 7. Bloomberg | Bloomberg | Getty Images In just a few hours, Trump tariffs will kick in — which includes a ghastly 104% duty…
Italian lender UniCredit‘s “very aggressive, very opaque” bid for Commerzbank has been criticized by Germany’s Finance Minister Jörg Kukies, who stressed that hostile takeovers don’t usually work. “In the government, we need to protect the safety and stability of a systemic banking sector,” Kukies told CNBC Thursday at the World Economic Forum in Davos. “Hostile takeovers…
Arnold Schwarzenegger has endorsed Kamala Harris in a lengthy statement shared on social media Wednesday. The Terminator actor and former Republican California governor lambasted Donald Trump for being “un-American” and expressed his support for the Harris-Walz campaign. US-Austrian former politician, former professional bodybuilder and actor Arnold Schwarzenegger answers questions after having been awarded with an…
