
Top defense officials say Ukraine war has blurred lines, exposing global threats
North Korea has sent troops to fight on the front lines in Ukraine, while China has supported Russia economically and technologically while opposing international sanctions.
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Bessent says US has 'makings of a deal' with China
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Friday that he believed that Washington has the makings of a deal with China and that he was "optimistic" about the path forward. "This week's negotiations in Stockholm have advanced our talks with China, and I believe that we have the makings of a deal that will benefit both of our great nations," Bessent said in a post on X that was subsequently deleted. "I am optimistic about the path forward," he added. A Treasury Department spokesperson said the post was being reposted because the images attached to it had not uploaded correctly. The spokesperson also noted that the language in the post was in line with what Bessent had said in various media interviews this week. In an interview with CNBC on Thursday, Bessent said the United States believes it has the makings of a trade deal with China, but it is "not 100% done." U.S. negotiators "pushed back quite a bit" over two days of trade talks with the Chinese in Stockholm this week, Bessent told CNBC. China is facing an August 12 deadline to reach a durable tariff agreement with President Donald Trump's administration, after Beijing and Washington reached preliminary deals in May and June to end escalating tit-for-tat tariffs and a cut-off of rare earth minerals. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Washington Post
an hour ago
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Japanese woman attacked in a subway in China, raising concern about xenophobia
A Japanese woman living in China was attacked by a man with a stone-like object in the eastern city of Suzhou and suffered non-life-threatening injuries, according to Japanese media outlets. The assault late Thursday in Suzhou followed attacks earlier in the day in Tokyo against two Chinese men who were seriously injured.
Yahoo
an hour ago
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Nvidia's China Nightmare? H20 Chip Faces Backdoor Allegations in High-Stakes Trade Showdown
China's been turning up the heat on Nvidia (NASDAQ:NVDA), and not in a good way. This week, the country's top internet watchdog summoned Nvidia reps over what it calls serious security risks tied to the H20 chipa product Nvidia designed specifically to meet U.S. export rules. State media pulled no punches either. In a commentary published Friday, the People's Daily warned of potential chip backdoors triggering a nightmare, saying it couldn't allow infected semiconductors into its digital infrastructure. Nvidia responded firmly: Cybersecurity is critically important to us, adding that its chips don't contain any remote access pathways. Still, in today's geopolitical climate, that reassurance may not be enough. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Here's where things get messier. Just a few weeks ago, the U.S. agreed to lift restrictions on H20 sales to China as part of a broader deal involving rare-earth magnetsmaterials critical for everything from smartphones to fighter jets. Commerce Secretary Howard Lutnick had framed the H20 resumption as a meaningful breakthrough after bilateral talks in London, and Treasury Secretary Scott Bessent said the magnet issue was solved. But with Beijing now putting the H20 back under the microscope, it's unclear whether Nvidia has actually received the licenses it needs to ship the chips. And if China decides the H20 isn't up to pareither technically or politicallythose sales may stall before they even start. Meanwhile, CEO Jensen Huang has been walking a tightrope. Fresh off a high-profile visit to Beijing, Huang praised China's AI momentum and national champions like DeepSeek, all while pushing back on the idea that Nvidia would ever install surveillance backdoors into its products. He called the suggestion not only false, but bad business. Still, the reality is this: Nvidia's H20, already weaker than its flagship GPUs, now faces a political test that could matter more than its specs. Investors watching the tech standoff might want to pay close attention to what happens nextbecause this chip is turning into a geopolitical bargaining chip. This article first appeared on GuruFocus. Sign in to access your portfolio