47 h. ago Health Secretary Wes Streeting admits there could be MORE NHS strikes

The Health Secretary welcomed the fact the British Medical Association (BMA) has agreed to use August as a 'window for negotiations' as a 'step in the right direction'.

Society

63 h. 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

69 h. 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

5 d. ago Louisiana to pay $9 million to a man who was shot in the back by state trooper during traffic stop

Louisiana officials have agreed to pay $9 million to a man who was partially paralyzed after a state trooper shot him in the back during a 2018 traffic stop in Baton Rouge

Economics

8 d. ago Three major chemical companies agree to pay $875m to New Jersey over Pfas claims

Settlement follows another one reached with Ohio in 2023 for similar claims related to ‘forever chemicals’Chemours, DuPont and Corteva have agreed to pay $875m over 25 years to the state of New Jersey to settle environmental claims including pollution linked to Pfas, or “forever chemicals”, the companies said on Monday.Lawsuits accusing major chemical companies of polluting US drinking water with toxic Pfas chemicals led to more than $11bn in settlements in 2023, with experts predicting that new federal regulations and a growing awareness of the breadth of the contamination will spur more litigation and settlements. Continue reading...

Economics

3 w. ago WNBA players say they’re not paid what they’re owed. Are they right?

The league’s best players believe they are not being given a fair deal when it comes to compensation. But sports accounting is a tricky affairNapheesa Collier was in record-breaking form on Saturday night as she set a new high for a WNBA All-Star Game, with 36 points. But much of the attention was focused on what happened before the game when players warmed up with shirts bearing the message “Pay us what you owe us.”The move came after players and the league failed to reach a deal on a new collective bargaining agreement. Do they have a point though? Evaluating athlete pay is notoriously tricky because sports accounting always includes a certain amount of voodoo. Continue reading...

Sport

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 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

4 w. ago Viktor Gyokeres to Arsenal transfer lowdown: 'Tense' talks, Arteta aim and £8.7m concern

Arsenal have already agreed to pay more than they initially wanted to for Viktor Gyokeres, but talks with Sporting CP are still 'tense' with negotiations ongoing

Economics

4 w. ago Joey Barton to pay more than £200,000 of Jeremy Vine legal costs in libel battle

Vine and Barton agreed to settle their High Court libel battle last year, with the former footballer agreeing to pay £110,000 in damages.

Economics

last month Nvidia's CEO says it has approval to sell its H20 AI computer chips in China

Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China

Politics