Nvidia on Wednesday reported earnings that topped market expectations, with a $4.5 billion hit from US export controls being less than the Silicon Valley chip juggernaut had feared.However, Nvidia Chief Financial Officer Colette Kress warned in an earnings call that export constraints are expected to cost the AI chip titan about $8 billion in the …
Nvidia earnings beat expectations despite US export controls Read More »
Global stock markets sank Wednesday on evaporating cheer over eased tariff tensions, while oil prices climbed as Washington appeared closer to imposing new sanctions on Moscow over Ukraine.On Wall Street, all three major indices closed lower ahead of earnings from artificial intelligence titan Nvidia, with US Treasury bond yields ticking higher.The US chip designer’s shares …
Global markets sink as rally over eased trade tensions fades Read More »
Bangladesh waved off its first consignment of mangoes to China on Wednesday, a largely symbolic export as Beijing sweetens ties after relations soured between Dhaka and former ally and neighbour India.Bangladesh, still reeling from the political fallout of a 2024 uprising that ended the autocratic rule of Sheikh Hasina — who fled by helicopter to …
Mango deal sweetens ties between Bangladesh and China Read More »
France and Indonesia called Wednesday for progress on “mutual recognition” between Israel and the Palestinians at a key meeting next month as Emmanuel Macron visited Jakarta, bringing the world’s most populous Muslim-majority nation into his diplomatic efforts.It came as Paris and Jakarta signed a series of cooperation agreements, with Macron seeking to deepen trade and …
France, Indonesia call for Israeli-Palestinian progress as Macron visits Read More »
Sitting deep in east Indonesia’s lush jungle, Bokum, one of the country’s last isolated hunter-gatherers, has a simple message for the nickel miners threatening his home: “This is our land.”He belongs to the Hongana Manyawa Indigenous tribe, which includes around 3,000 “contacted” members like him, and another 500 who reject contact with the modern world.Their …
Nickel rush for stainless steel, EVs guts Indonesia tribe’s forest home Read More »
Asian equities rose Wednesday following a Wall Street rally as traders cheered forecast-beating US consumer confidence data and a drop in bond yields, with eyes now on a key sale of Japanese debt.New York investors returned to their desks after a long weekend break in a good mood after Donald Trump delayed until July the …
Asian stocks track Wall St rally as trade fears ease, eyes on Japan debt Read More »
Emmanuel Macron will seek to deepen trade and defence ties on a visit to Indonesia Wednesday, the second leg of a three-country Southeast Asia tour promoting France as a balancing power between the US and China.The French president will be received by Indonesian counterpart Prabowo Subianto before meeting investors and students in Southeast Asia’s largest …
Macron in Indonesia seeks to deepen trade, defence ties Read More »
China is not seeking to “replace” the United States as the top trading partner of Colombia, Beijing’s ambassador to Bogota, whose president has announced a pivot to China, told AFP on Tuesday.Until recently Colombia was one of the United States’ closest trade and security partners in Latin America. But the country’s first leftist president Gustavo Petro, …
China not trying to ‘replace’ US in Colombia: ambassador Read More »
King Charles III hailed Canada as “strong and free” as he delivered a major speech to open parliament in Ottawa against the backdrop of US President Donald Trump’s threats to take over the country.”Democracy, pluralism, the rule of law, self-determination, and freedom are values which Canadians hold dear, and ones which the government is determined …
King Charles says Canada ‘strong and free’ as Trump looms Read More »
Wall Street shares bounced on Tuesday while Europe maintained a rally after US President Donald Trump delayed huge tariffs on imports from the EU over the long holiday weekend.New York’s main stock markets all rebounded vigorously as trading resumed after the Memorial Day weekend, with the broad-based S&P 500 finishing more than two percent higher …
