6 d. ago China blasts US for its computer chip moves and for threatening student visas

China has blasted the U.S. for issuing AI chip export control guidelines, stopping the sale of chip design software to China, and planning to revoke Chinese student visas

Events

8 d. ago Biden speaks about cancer diagnosis and urges Americans to defend democracy

Ex-president gave speech to commemorate fallen service members and said he had ‘no regrets’ after election lossUS politics live – latest updatesJoe Biden on Friday spoke out in public for the first time since being diagnosed with aggressive prostate cancer earlier this month to say he was optimistic about his prognosis and also to urge Americans to defend US democracy.“All the folks are very optimistic The expectation is we are going to be able to beat this,” he said of the cancer, at an event in Delaware. Continue reading...

Politics

1 week ago Nvidia beats Wall Street expectations even as Trump tamps down China sales

Chip-manufacturing company, widely seen as bellwether for AI business, reports $44.1bn in revenue for quarterNvidia beat Wall Street expectations in its quarterly earnings report on Wednesday, marking another in a string of financial wins for the computer hardware giant. It reported $44.1bn in revenue in the quarter ending in April, up 69% from the previous year.The company exceeded investors’ predictions of $43.3bn in revenue. Adjusted earnings per share came in at $0.81, under investor expectations of an adjusted earnings per share of 88 cents. The company also reported $39.1bn in data center revenue, up 73% from the year prior. Continue reading...

Politics

1 week ago Nvidia beats Wall Street’s expectations even as Trump tamps down China sales

Chip-manufacturing company, widely seen as a bellwether for AI business, reports $44.1bn in revenue for quarterNvidia beat Wall Street’s expectations in its quarterly earnings report Wednesday, marking another in a string of financial wins for the computer hardware giant. It reported $44.1bn in revenue in the quarter ending in April, up 69% from the previous year.The company exceeded investors’ predictions of $43.3bn in revenue . Adjusted earnings per share came in at $0.81, under investor expectations of an adjusted earnings per share of 88 cents. The company also reported $39.1bn in data center revenue, up 73% from the year prior. Continue reading...

Politics

4 w. ago Trump floats cutting Chinese tariffs from 145% to 80% before weekend talks

Meeting aimed at de-escalating trade war after Chinese exports beat expectations despite slump in tradeDonald Trump has floated cutting tariffs on China from 145% to 80% before a weekend meeting as he looks to de-escalate the trade war.Top US officials are set to meet a high-level Chinese delegation this weekend in Switzerland in the first significant talks between the two nations since Trump sparked a trade war with stiff tariffs on imports. Continue reading...

Politics

last month China exports beat expectations despite slump in trade with US

April trade data comes the day before representatives from Washington and Beijing were set to meet to discuss Trump’s tariffsChinese trade with the United States slumped in April even as its total exports beat forecasts, official figures show, as trade representatives from both nations prepared to meet this weekend in the midst of a gruelling trade war between the superpower rivals.Exports to the United States – one of China’s top trading partners – fell 17.6% in April, data showed. Against that backdrop, analysts polled by Bloomberg had expected exports to rise just 2% year-on-year last month. However they beat expectations, coming in at 8.1%. Continue reading...

Politics

last month China reports bumper April exports ahead of crucial trade talks with US

Trade data shows a rise in shipments to south-east Asia and Europe offsets drop to America

Politics

last month China's exports rose 8% in April as new US tariffs took effect

China has reported that its exports rose 8.1% in April from the year before in the tail end of a rush by companies and consumers to beat higher U.S. tariffs that took effect last month

Politics