RCB's Mo Bobat appointed Director of Cricket for The Hundred side London Spirit
Reflecting on his new role, Bobat said: "It's an honour to join London Spirit at such an exciting time. The opportunity to shape the cricketing future of this franchise, working with MCC and our new partners, the Tech Titans, is incredibly exciting. I'm looking forward to building something special - on and off the field."London Spirit chairman Julian Metherell welcomed the appointment, saying: "Today marks a significant moment for London Spirit. Mo Bobat brings unmatched expertise and vision to the role of Director of Cricket, and we're thrilled to welcome him. At the same time, retaining the London Spirit name reflects our belief in the identity that's been built - one that resonates with the capital, our fans, and our values. We now look ahead to a new era, with fresh energy and clear purpose."- EndsMust Watch
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Hindustan Times
a few seconds ago
- Hindustan Times
India holds firm in US trade talks, eyes EU pact amid tariff tensions
In a key meeting of the Parliamentary Committee on Foreign Affairs, the Foreign Secretary and the Commerce Secretary briefed members on India-US relations and ongoing trade negotiations, sources said on Monday Regarding the upcoming US delegation visit for trade negotiations, the government indicated there is no change in schedule.(REUTERS) The government outlined three categories under which the US has been imposing tariffs. The issues included Global Tariffs - measures applied to all countries, not just India, sector-specific tariffs - designed to attract certain industries to the US, such as automobiles, leather, and textiles and revenue-oriented tariffs - targeting sectors like agriculture and oil for revenue generation. Officials stressed that negotiations with the US are continuing, but India will not compromise in the agriculture and dairy sectors. The government is actively assessing the impact of tariffs in consultation with stakeholders, including exporters, and is exploring alternative trade partnerships. Talks on trade agreements with the EU are being expedited, and new agreements with other countries are also under consideration. On broader ties, the government noted that India-US relations remain strong beyond trade. Recent developments include resolutions passed at the UN Security Council and the QUAD on the Pahalgam attacks, the extradition of Tahawwur Rana from the US, and the designation of TRF as a terrorist organisation. There has been no India-US dialogue regarding Pakistan in the current trade discussions. Committee Chairperson Shashi Tharoor confirmed that around 50 questions were raised in the meeting. He reiterated that trade is only one dimension of the India-US partnership. On Pakistan Army Chief Asim Munir's nuclear threat remark, the government stated that such statements are unacceptable, especially when made from the soil of a friendly country. Regarding the upcoming US delegation visit for trade negotiations, the government indicated there is no change in schedule. On whether the nuclear threat issue would be raised with Washington, officials deferred to the Foreign Secretary but affirmed that such rhetoric is unwelcome. Commenting on Prime Minister Narendra Modi's talks with Ukrainian President Volodymyr Zelenskyy following his conversation with Russian President Vladimir Putin, the government noted that if the war ends, 25 per cent of existing tariffs--imposed due to India's purchase of Russian oil--would be lifted. However, India remains focused on addressing the remaining 25 per cent tariff impact.
Time of India
an hour ago
- Time of India
Nvidia strikes $3 billion revenue-sharing deal with Trump administration to resume AI chip sales in China
Nvidia struck a deal with the Trump administration to continue selling chips to China. The agreement involves Nvidia sharing revenue with the US government. This decision followed earlier export restrictions on Nvidia's H20 chips. Analysts suggest this move is better than letting Chinese companies dominate the AI market. However, some worry it might push China towards domestic chipmakers like Huawei. Tired of too many ads? Remove Ads Nvidia and AMD face criticism over China deal Tired of too many ads? Remove Ads China's chip market and Nvidia's challenges FAQs Nvidia made a special deal with the Trump administration to keep selling chips to China. The deal means Nvidia will share up to $3 billion in revenue with the US government this fiscal year to sell its H20 chips in Trump confirmed the deal on Monday, saying he granted export licenses to Nvidia in exchange for 15% of the China sales revenue. Trump called Nvidia CEO Jensen Huang 'a brilliant guy' during the from multiple media outlets, including the Financial Times and Washington Post, said Nvidia and AMD made similar deals with Trump, citing unnamed sources. Some trade experts called the deal 'blackmail' and said it might violate the US Constitution's ban on export taxes, as per the report by Washington did not officially confirm the deal but said they follow US government rules and hope export controls allow them to compete in China and worldwide. Nvidia and AMD shares dropped slightly on Monday after the news. China is very important to Nvidia, making up 13% of its revenue last fiscal year, as stated by Yahoo has tried selling lower-power chips to China due to tighter US export controls for national security reasons. Nvidia launched its H20 chips (based on Hopper technology) in 2024. In April, the Trump administration unexpectedly banned Nvidia from exporting H20 chips to China, causing Nvidia to lose billions and its stock to fall sharply. The export ban was lifted in July, but US lawmakers still worry about China's AI Street expects Nvidia to recover $15 billion in lost sales in the second half of the year, reaching about $20 billion total revenue from China for fiscal year 2026. If the revenue reaches $20 billion, the US government could earn $3 billion from the deal (15% of sales).Analyst Stacy Rasgon from Bernstein said it's better for Nvidia and AMD to sell AI chips to China than to let Chinese companies like Huawei take over the AI market, as per the Yahoo Finance is a big Chinese tech company making chips to compete with Nvidia's H20 chips. Nvidia says US export controls might help Chinese rivals like Huawei to grow stronger. Currently, the revenue-sharing deal covers only Nvidia's H20 chips. (Trump's comment).In July, Nvidia also released new chips with its latest Blackwell architecture for the Chinese Rasgon expects China to start buying these new Blackwell-based chips from Nvidia as export rules allow. However, analyst Gil Luria from DA Davidson warns the deal could push China to rely more on domestic chipmakers like Huawei. Luria says China might not want to buy from US companies if they have to share money with the US government, according to the report by Yahoo made the deal to get permission to sell its H20 AI chips to China while sharing part of the revenue with the US US government could earn up to $3 billion from Nvidia's revenue-sharing deal based on 15% of the China sales.
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Business Standard
an hour ago
- Business Standard
Trump urges China to quadruple soybean buys amid tariff truce talks
US President Donald Trump on Sunday urged China to quadruple its soybean purchases ahead of a key tariff truce deadline, sending Chicago soybean prices higher, though analysts were quick to question the feasibility of any such deal. In a late night post on Truth Social, Trump said China was worried about a shortage of soybeans and he hoped it would quickly quadruple its soybean orders from the US. "Rapid service will be provided. Thank you President XI," Trump said in his post. The most active soybean contract on the Chicago Board of Trade (CBOT) jumped 2.38 per cent to $10.11 a bushel at 0637 GMT on Monday after Trump's post. The contract was steady earlier. China, the world's largest soybean buyer, imported roughly 105 million metric tons last year, just under a quarter coming from the US and most of the remainder from Brazil. Quadrupling shipments would require China to import the bulk of its soybeans from the US "It's highly unlikely that China would ever buy four times its usual volume of soybeans from the US," said Johnny Xiang, founder of Beijing-based AgRadar Consulting. A tariff truce between Beijing and Washington is set to expire on August 12, but the Trump administration has hinted that the deadline may be extended. It is unclear if securing China's agreement to buy more US soybeans is a condition for extending the truce as Trump looks to reduce China's trade surplus with the US China's soymeal futures fell 0.65 per cent to 3,068 yuan per metric ton on expectations US imports could increase supply. China's Ministry of Commerce did not immediately respond to a Reuters request for comment. Under the Phase One trade deal signed during Trump's first term, China agreed to boost purchases of US agricultural products, including soybeans. However, Beijing fell far short of meeting those targets. This year, amid Washington Beijing trade tensions, it has yet to buy any fourth quarter US beans, fuelling concerns as the US harvest export season approaches. "On Beijing's side, there have been quite a few signals that China is prepared to forego US soybeans altogether this year, including booking those test cargoes of soymeal from Argentina," said Even Rogers Pay, an agricultural analyst at Trivium China. Reuters previously reported that Chinese feedmakers have purchased three Argentine soymeal cargoes as they aim to secure cheaper South American supplies amid concerns about a possible soybean supply disruption in the fourth quarter. US soybean industry has been seeking alternative buyers, but no other country matches China's scale. Last year, China imported 22.13 million tons of soybeans from the US, and 74.65 million tons from Brazil.
