13 h. ago Savills blames property sales revenue slump on 'dampening effect' of upcoming Autumn Budget

Estate agent said decline in sales across its residential re-sale agency arm emerged as a result of 'the impact of actual and potential tax changes on sentiment.'

Economics

14 h. ago Savills blames property sales revenue slump on 'dampening effect' of upcoming Autumn Budget

Estate agent said decline in sales across its residential re-sale agency arm emerged as a result of 'the impact of actual and potential tax changes on sentiment.'

Economics

3 d. ago Chip makers Nvidia and AMD agree to pay 15 percent of Chinese revenue to America in deal to make Trump happy

Tech giants Nvidia and AMD agree to highly unusual terms as part of requirements to help them obtain export licenses for China

Economics

3 d. ago Nvidia and AMD agree to pay 15% of China chip export revenues to US

Unprecedented deal, an apparent reversal of security restrictions, is in return for licences to sell to ChinaThe chipmakers Nvidia and AMD have agreed to give the US government 15% of their revenue from advanced chips sold to China in return for export licences to the key market.The unprecedented move, an apparent reversal of US national security restrictions on the chip sales, signalled an easing in the US-China trade war. Continue reading...

Politics

3 d. ago AI companies Nvidia and AMD to pay 15% of China chip sales revenues to US

Two American AI companies have agreed to hand over 15 percent of their chip sales revenue in China to the US government in a bizarre financial arrangement.

Economics

3 w. ago Company insolvencies fall in England and Wales, in ‘glimmer of relief’; Trump blasts Fed board – business live

Rolling coverage of the latest economic and financial newsBusinesses are still in “tough” times, despite the drop in insolvencies in June, cautions David Hudson, restructuring advisory partner at FRP.Hudson says:“The slight fall in insolvencies this month offers a glimmer of relief – especially for hospitality and retail businesses, which are now reaping the benefits of record hot weather. However, we’re still in tough territory. Consumer confidence remains stubbornly low, growth is stuttering – with GDP dipping again in May. June’s unexpected jump in inflation will only serve to continue eroding profit margins and consumer demand.“This environment is forcing businesses to fight on multiple fronts. Many will likely only be experiencing breathing space after dramatically paring back costs. Until demand shows a more sustained recovery and input costs ease further, there’s a risk that this reprieve is just a pause rather than a turning point.” Continue reading...

Politics

4 w. ago European missile group MBDA selling parts for bombs that have killed children in Gaza

Exclusive: Britain has paused some weapons sales to Israel, but a Guardian investigation shows revenues from the GBU-39 bomb generated by the US arm of MBDA flow through the UKEurope’s largest missiles maker, MBDA, is selling key components for bombs that have been shipped in their thousands to Israel and used in multiple airstrikes where research indicates Palestinian children and other civilians were killed.With concerns mounting about the extent to which European companies may be profiting from the devastation of Gaza, a Guardian investigation with the independent newsrooms Disclose and Follow the Money has examined the supply chain behind the GBU-39 bomb, and the ways in which it has been deployed during the conflict. Continue reading...

Events

4 w. ago Nvidia CEO downplays role in lifting US ban on chip sales to China

Nvidia CEO Jensen Huang says export controls on advanced chips require companies to adapt

Economics

4 w. ago Nvidia chief vows to ‘accelerate recovery’ of China sales as H20 chip ban lifted

Jensen Huang tells Beijing press conference it takes nine months to restart supply chain

Politics