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Nvidia CEO Jensen Huang Bolsters Indias Tech Ties for Future Growth

Jensen Huang, the CEO of Nvidia, just completed a fiveday visit to India, emphasising economic potential rather than merely diplomatic relations. Nvid

Jensen Huang, the CEO of Nvidia, just completed a fiveday visit to India, emphasising economic potential rather than merely diplomatic relations. Nvidia, famed for its graphics processors that enable AI, finds that India, with its enormous population, is a critical market. India is appealing for AI expertise, chip production, and product sales as the U.S. tightens restrictions on highend semiconductor exports to China. Huang spoke on retraining the workforce and developing AI models using Indian resources. He also expressed trust in the countrys technical expertise, particularly in students who had graduated from top schools like the Indian Institutes of Technology. The journey serves as a reminder of Indias expanding importance in the global IT sector. Read More..

B2B Tech News | 2 years ago        

U.S. Commerce Secretary Questions Huaweis Chip Capabilities

According to U.S. Commerce Secretary Gina Raimondo, there is no proof that Chinese tech giant Huawei can massproduce smartphones with cuttingedge tech

According to U.S. Commerce Secretary Gina Raimondo, there is no proof that Chinese tech giant Huawei can massproduce smartphones with cuttingedge technology. Huawei just announced the Mate 60 Pro smartphone, including a chip that experts believe Chinese foundry SMIC manufactured. In 2019, the U.S. restricted Huaweis use of specific chipmaking equipment, citing security concerns. According to the Commerce Departments investigation, the chip may violate trade regulations. Republicans have called for a complete halt to technology exports to Huawei and SMIC. Raimondo didnt say whether she was thinking about cancelling all Huawei licences. Chinese government officials are raising worries about forbidding the use of Apple iPhones, while the United States is demanding further information about the Huawei chip. Read More..

B2B Tech News | 2 years ago        

China and Russia Forge Stronger Economic Bonds Amid Global Concerns

Despite Western opposition to Russias invasion of Ukraine, China and Russia are strengthening their commercial connections. Parallel to Chinas senior

Despite Western opposition to Russias invasion of Ukraine, China and Russia are strengthening their commercial connections. Parallel to Chinas senior diplomat Wang Yis trip to Moscow, Wang Wentao, the Chinese minister of commerce, spoke with his Russian counterpart in Beijing about economic cooperation. The impending trip to Beijing by Russian President Vladimir Putin was confirmed. After falling 8% in July, Chinese imports of Russian commodities increased by 3% YoY to $11.5 billion in August. The Russian Far East, which borders China and North Korea, assumes vital importance for crossborder trade. Trade between Russia and China is becoming more diverse, and collaboration in several areas, such as grain trading and food security, is increasing. Read More..

B2B Tech News | 2 years ago        

Dollar Holds Steady, Yen Hovers Near 10Month Low

As investors waited for the Federal Reserve to announce its interest rate decision, the US dollar held steady against its rivals. At 105.17, the US do

As investors waited for the Federal Reserve to announce its interest rate decision, the US dollar held steady against its rivals. At 105.17, the US dollar index remained unchanged. The yen was in the spotlight as it hovered around a 10month low. Market analysts anticipated that the Fed would keep interest rates between 5.25% and 5.50% while focusing on its guidance. According to futures markets, the likelihood of a quarterpoint rate increase in November or December was 30% or 40%, respectively. About the dollar, the yen traded around 147.83, off its most recent low but still not far off a 10month low. Though there is growing speculation over Japans exit from ultraloose policy, rates will likely remain low. Off a recent high, bitcoin was trading at roughly $27,137. Read More..

B2B Tech News | 2 years ago        

Escalating Trade War China Halts Germanium and Gallium Exports

Due to export limitations at the beginning of the month, China recorded no exports of germanium and gallium goods in August. In July, exports of Germa

Due to export limitations at the beginning of the month, China recorded no exports of germanium and gallium goods in August. In July, exports of Germanium soared before the limits however, they reported none in August, compared to 8.63 metric tonnes in July. Similarly, there were no exports of galliumrelated products in August, compared to 5.15 tonnes in July. Germanium and Gallium are byproducts of metal refineries they do not exist naturally. Producing radio frequency chips and semiconductors requires Gallium, while solar products, fibre optics, and military applications utilize Germanium. China implemented export restrictions, forcing exporters to get licences, claiming national security concerns. Read More..

B2B Tech News | 2 years ago        

U.S. Fed Faces Triple Threat Auto Strikes, Government Shutdown, Student Loan Crunch

The U.S. Federal Reserve officials confront new difficulties as they try to fight inflation without starting a recession. Complicating circumstances i

The U.S. Federal Reserve officials confront new difficulties as they try to fight inflation without starting a recession. Complicating circumstances include a massive autoworkers strike involving thousands of workers, a possible government shutdown at months end, and the start of student loan instalments in October. While individual problems might not have an immediate influence on policy, taken as a whole, they could affect the economy. Federal agency closures and protracted interruptions in the auto sector may harm consumer confidence and reduce consumer spending, possibly leading to increased automobile costs. Goldman Sachs warns of a "pothole" in GDP growth in the fourth quarter, and experts point out the unpredictability of inflexion moments when consumers and corporations both make cuts simultaneously. Read More..

B2B Tech News | 2 years ago        

Eurozone Inflation Surges, European Central Bank Faces Tough Decision on Rate Hikes

The risk of "stagflation" brought on by high inflation brought on by rising oil prices, according to economist Nouriel Roubini, should be avoided by t

The risk of "stagflation" brought on by high inflation brought on by rising oil prices, according to economist Nouriel Roubini, should be avoided by the European Central Bank ECB and the Bank of England BOE continuing to raise interest rates. Given the UKs rate of 5.25%, Roubini advises the BOE to increase rates to 5.75%. He expresses concern that inflation expectations would become less stable due to the BOEs uncertainty regarding additional rate increases. High inflation is a problem that the UK and the eurozone are dealing with, making decisionmaking difficult. The US, in comparison, may experience a rate reduction slower than the market anticipates due to its more solid economic outlook. Roubini recognises the difficulties that high rates bring. Read More..

B2B Tech News | 2 years ago        

Southeast Asian Firms Eye U.S. Listings Amid ChinaU.S. Tensions

To capitalise on the robust investor interest in developing markets and the lack of Chinese stock offerings, some Southeast Asian firms are considerin

To capitalise on the robust investor interest in developing markets and the lack of Chinese stock offerings, some Southeast Asian firms are considering going public in the United States. Due to rising political tensions between China and Washington, recent announcements from the Vietnamese internet business VNG Corp and the Philippine real estate firm DoubleDragon Corps Hotel101 Global to list in the U.S. Regulations and scrutiny have subjected Chinese businesses, bringing some ASEAN competitors to light. Southeast Asian companies raised $101 million through American initial public offerings IPOs this year and anticipate more listings over the coming year. Wall Street banks operating in Asia anticipate that this change will benefit them and provide diversification options for investors. Analysts do warn that issues might arise from share price volatility and investor scrutiny. Read More..

B2B Tech News | 2 years ago        



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