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LIVE: Israel kills 37 in Gaza, 6 in Syria; US continues bombing Yemen

LIVE: Israel kills 37 in Gaza, 6 in Syria; US continues bombing Yemen

Al Jazeera26-03-2025
Update:
Date: 9m ago (00:15 GMT)
Title: Hamas says it wants to stop the war
Content: Husam Badran, a member of Hamas's political bureau, says that the group is 'keen to stop the war and the bloodshed'.
In a statement on Telegram, Badran said Israel 'did not respect' the ceasefire agreement and instead 'continued its war and aggression'.
He added that 'Netanyahu refuses to negotiate' and criticised the US, saying that 'the American side is not a mediator, but biased and supportive of the [Israeli] occupation'.
Update:
Date: 14m ago (00:10 GMT)
Title: Israeli forces bomb northern Gaza, killing 3
Content: Our correspondent in Gaza is reporting that an Israeli warplane has bombed a house in Jabalia.
At least three people were killed, while several others were injured and are missing under the rubble.
We'll bring you more soon.
Update:
Date: 17m ago (00:07 GMT)
Title: WATCH: 24 hours of Israeli atrocities in Gaza
Content: A hospital bombed, civilians targeted, journalists killed. These are some of the atrocities carried out by Israel in the Gaza Strip in just 24 hours.
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Update:
Date: 21m ago (00:03 GMT)
Title: A recap of recent developments
Content:
Update:
Date: 24m ago (00:00 GMT)
Title: Welcome to our live coverage
Content: Hello, and thank you for joining our live coverage of Israel's war on Gaza and the occupied West Bank, as well as its attacks on Lebanon.
Follow this page for round-the-clock updates on the latest developments.
You can find all our updates from Tuesday, March 25, here.
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Nvidia, AMD to pay 15% of China chip revenues to US, official says
Nvidia, AMD to pay 15% of China chip revenues to US, official says

Qatar Tribune

time19 hours ago

  • Qatar Tribune

Nvidia, AMD to pay 15% of China chip revenues to US, official says

Agencies Top chipmakers Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales of their advanced computer chips to China, a U.S. official said on Sunday, in an unusual move likely to stir confusion among American companies. U.S. President Donald Trump's administration halted sales of H20 chips to China in April, but Nvidia announced last month that Washington had said it would allow the company to resume sales and it hoped to start deliveries soon. Another U.S. official said on Friday the Commerce Department had begun issuing licenses for the sale of H20 artificial intelligence chips to China. Both the U.S. officials declined to be named because details have not been made public. The new levy could also hurt margins for the two companies, analysts warned. Shares of Nvidia and AMD fell about 1% and nearly 2%, respectively, in premarket trade on Monday. The deal to pay the U.S. government from sales in China is unusual for a president and marks Trump's latest intervention in corporate harangues company executives to invest in America to shore up domestic jobs and manufacturing. Last week, he demanded that new Intel CEO Lip-Bu Tan immediately resign, calling him 'highly conflicted' due to his ties to Chinese firms. The U.S. official said the Trump administration did not believe the sale of H20 and equivalent chips compromised national security. 'It's wild,' said Geoff Gertz, a senior fellow at the Center for New American Security, an independent think tank in Washington, D.C. 'Either selling H20 chips to China is a national security risk, in which case we shouldn't be doing it to begin with, or it's not a national security risk, in which case, why are we putting this extra penalty on the sale?' When asked if Nvidia had agreed to pay 15% of revenues to the U.S., an Nvidia spokesperson said in a statement: 'We follow the rules the U.S. government sets for our participation in worldwide markets.' 'While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide.' Nvidia has warned that being unable to supply H20 chips to China could slice $8 billion off sales from its July quarter, while AMD had forecast a $1.5 billion hit to revenue this year owing to the curbs. AMD did not respond to a request for comment on the news that was first reported by the Financial Times (FT) earlier on Sunday. 'The Chinese market is significant for both these companies, so even if they have to give up a bit of the money, they would otherwise make it look like a logical move on paper,' AJ Bell investment director Russ Mould said. 'That said, it is unprecedented and there is always the risk that the revenue take could be upped or that the Trump administration changes its mind and re-imposes export controls.' The U.S. Department of Commerce did not immediately respond to a request for foreign ministry, approached for comment on Monday, said the country had repeatedly expressed its position on the issue of U.S. chip exports. The ministry in the past has accused the U.S. of using technology and trade issues to 'maliciously contain and suppress China.' The FT reported that the chipmakers agreed to the arrangement as a condition for obtaining export licenses for their semiconductors, including AMD's MI308 chips. The report stated that the Trump administration had yet to determine how to utilize the funds. U.S. Commerce Secretary Howard Lutnick said last month the planned resumption of sales of the AI chips was part of U.S. negotiations with China to get rare earths and described the H20 as Nvidia's 'fourth-best chip' in an interview with CNBC. Lutnick said it was in the U.S. interests to have Chinese companies using American technology, even if the most advanced was prohibited from export, so they continued to use an American 'tech stack.' The U.S. official who spoke about the 15% levy stated that they did not know when the agreement would be implemented, nor exactly how, but assured that the administration would be in compliance with the law. Alasdair Phillips-Robins, who served as an adviser at the Commerce Department during the administration of former President Joe Biden, criticized the move. 'If this reporting is accurate, it suggests the administration is trading away national security protections for revenue for the Treasury,' Phillips-Robins said. Nvidia generated $17 billion in revenue from China in the fiscal year ending Jan. 26, representing 13% of total sales. AMD reported $6.2 billion in revenue from China for 2024, accounting for 24% of its total revenue. Giving away some revenue from these chips to the U.S. government would reduce the gross margins for these processors by 5 to 15 percentage points, resulting in an impact of 'a point or so' on their overall gross margins, Bernstein analysts said in a note.

Australia to recognise Palestinian statehood; New Zealand may follow
Australia to recognise Palestinian statehood; New Zealand may follow

Qatar Tribune

time19 hours ago

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Australia to recognise Palestinian statehood; New Zealand may follow

agencies canberra Australia will recognise a Palestinian state in September, Prime Minister Anthony Albanese has announced, drawing condemnation from Israel. Albanese said on Monday that his government would formally announce the move when the United Nations General Assembly (UNGA) meets in New York. 'A two-state solution is humanity's best hope to break the cycle of violence in the Middle East and to bring an end to the conflict, suffering and starvation in Gaza,' Albanese said at a news conference in Canberra. Australia's announcement comes as Canada, France and the United Kingdom are also preparing to formally recognise Palestine at the meeting next month, joining the vast majority of UN member states that already do so. Israeli Ambassador to Australia Amir Maimon said recognition of a Palestinian state will do nothing to end the war in Gaza, telling the Australian Broadcasting Corporation (ABC): 'We reject the recognition, unilateral recognition.' Israeli President Isaac Herzog also slammed the Australian announcement as a reward for Hamas for its October 7, 2023, attack on southern Israel, repeating the Israeli government's stance on all recognition announcements thus far. This latest recognition comes about a week after hundreds of thousands of Australians marched across the Sydney Harbour Bridge to protest Israel's war in the Gaza Strip. Speaking a day after the protest, Australian Minister for Foreign Affairs Penny Wong told ABC that 'there is a risk there will be no Palestine left to recognise.' 'In relation to recognition, I've said for over a year now, it's a matter of when, not if,' Wong added. The opposition Liberal Party criticised the move, saying it put Australia at odds with the United States, its closest ally, and reversed a bipartisan consensus that there should be no recognition while Hamas remains in control of Gaza. Meanwhile, New Zealand Foreign Minister Winston Peters said on Monday that his country's cabinet will make a formal decision on Palestinian statehood in September. 'Some of New Zealand's close partners have opted to recognise a Palestinian state, and some have not,' Peters said in a statement. 'Ultimately, New Zealand has an independent foreign policy, and on this issue, we intend to weigh up the issue carefully and then act according to New Zealand's principles, values and national interest.'

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