South Africa's DA Sees Ruling Coalition Weathering Latest Rift
The 10-party coalition was formed 13 months ago after the African National Congress failed to secure a parliamentary majority in a national vote for the first time since apartheid ended in 1994. The ANC has since clashed repeatedly with the Democratic Alliance, its main rival, over policy and appointments, raising doubts over whether the so-called government of national unity will remain intact.
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Nvidia and AMD Strike Controversial Deal With US -- 15% Cut on China Sales
Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) have agreed to a rare revenue-sharing arrangement with the US government, committing 15% of proceeds from certain chip sales to China. The chips Nvidia's H20 AI accelerator and AMD's MI308 were previously restricted under export controls and now require special licenses. The agreement has raised eyebrows among trade experts, who see it as an unusual way to monetize export policy and warn it could face legal challenges under constitutional limits on export taxes. While the administration recently allowed the sale of these lower-spec AI chips to the Chinese market, the model could open the door to similar deals in other industries, creating a new layer of political and regulatory risk. Warning! GuruFocus has detected 5 Warning Signs with NVDA. The development fits into a broader pattern of transactional trade policy since President Donald Trump returned to office, blending tariffs, investment pledges, and high-profile deals with national security provisions. Commerce Secretary Howard Lutnick has been open about the goal of keeping Chinese developers tied to US technology, even as Beijing criticizes the H20's performance and security safeguards. Despite the pushback, limited domestic chip supply could keep Chinese firms in the market, offering Nvidia and AMD both an opportunity and an added cost structure. The current 90-day trade truce between the US and China is set to expire on August 12, though officials have signaled it may be extended as talks continue. Analysts note that the Nvidia and AMD framework could quickly become a template for other targeted sectors, particularly if the White House sees it as a tool to extract revenue while maintaining market access. Legal questions remain, and a separate court challenge is already underway over the administration's use of emergency powers to impose reciprocal tariffs. For investors, the move underscores how policy risk is becoming a more significant factor in global tech supply chains and how quickly government decisions can reshape market dynamics. This article first appeared on GuruFocus. 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
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Palestine Action has committed ‘violence' and ‘significant injury', No 10 says
Palestine Action is 'violent' and has committed 'significant injury' as well as criminal damage, Downing Street has said after hundreds of arrests were made at a protest linked to the group. No 10 defended the move to ban the organisation under counter-terror laws, saying evidence and security assessments shared in closed court supported its proscription. Scotland Yard has said some 522 people were held over the weekend on suspicion of displaying an item in support of a proscribed group, out of the total 532 arrests during the policing operation at a march in central London. Palestine Action said Downing Street's accusations were 'false and defamatory' and 'disproven by the Government's own intelligence assessment'. The Government has said 'many people may not yet know the reality of this organisation' as the full details of the proscription process cannot be shared for national security reasons. Asked on Monday whether ministers were reconsidering the decision to designate the group as a terrorist organisation following mass arrests on Saturday, the Prime Minister's official spokesman said: 'No. 'Palestine Action was proscribed based on strong security advice following serious attacks the group has committed involving violence, significant injury and extensive criminal damage.' Downing Street said the Joint Terrorism Analysis Centre – an independent authority based within MI5 – had found the organisation had carried out three separate acts of terrorism. 'We've said that many people may not yet know the reality of this organisation, but the assessments are very clear: this is a violent organisation that has committed violence, significant injury and extensive criminal damage,' Sir Keir Starmer's spokesman said. Speaking to broadcasters earlier on Monday, justice minister Alex Davies-Jones said supporters of the group would face 'the full force of the law'. 'We have credible reports of them targeting Jewish-owned businesses here in the United Kingdom, and there are other reasons, which we can't disclose because of national security,' she told BBC Breakfast. Meanwhile, officers from the Metropolitan Police's Counter Terrorism Command will be working over the coming weeks to put together case files in relation to arrests made at a protest in London in Saturday, the force has said. The demonstration was held in Parliament Square on Saturday, organised by Defend Our Juries, with the Metropolitan Police warning it would detain anyone expressing support for Palestine Action. The majority of those arrested, 348, were aged 50 or over, according to a breakdown published by the Met on Sunday. Detained protesters were taken to prisoner processing points in the Westminster area. Those whose details could be confirmed were released on bail to appear at a police station at a future date. There were a further 10 arrests, six for assaults on officers, two for breaching Public Order Act conditions, one arrest for obstructing a constable in the execution of their duty, and one for a racially aggravated public order offence, the force said. Palestine Action's co-founder Huda Ammori said: 'Yvette Cooper and No 10's claim that Palestine Action is a violent organisation is false and defamatory, and even disproven by the Government's own intelligence assessment of Palestine Action's activities and the Home Office spokesperson's statement outside court just a few weeks ago.' Ms Ammori said it was revealed in court – during her ongoing legal challenge to the ban – that the Joint Terrorism Analysis Centre's assessment acknowledged that the group does not advocate for violence against persons and the majority of its activities would not be classified as terrorism. 'Spraying red paint on war planes is not terrorism. Disrupting Israel's largest weapons manufacturer Elbit Systems by trespassing on their sites in Britain is not terrorism,' she said. 'It is the Israeli Defence Force and all those who arm and enable their war crimes who are the terrorists.' She claimed the reason the Government has banned the group is 'because they capitulated to the Israeli embassy, arms manufacturers and pro-Israeli groups who lobbied them to ban us'.
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Greenville and Spartanburg counties to have special elections after lawmaker resignations
Parts of South Carolina's Upstate and Midlands will have special elections after three state lawmakers announced resignations. State Sen. Roger Nutt (R-Spartanburg) sent a letter confirming his resignation from the legislature, saying he is leaving elected office after being diagnosed with Alzheimer's. Nutt represents South Carolina Senate District 12, which covers parts of Greenville and Spartanburg counties. He was elected to the state Senate in 2024 and previously served two terms in the state House as the District 34 representative. The Upstate lawmaker submitted his letter of resignation to the president of the South Carolina Senate on Aug. 11. He will serve until Jan. 5, 2026. "It is hard to describe how much I have enjoyed my time in the Senate," Nutt wrote. "Serving in the Senate has been a dream come true, and I am so proud to be a small part of this great Body." In a statement, House District 21 Rep. Bobby Cox, a Republican who represents parts of Greenville County, called Nutt "a dedicated public servant who has served with integrity and tireless commitment." Cox also said he will run in a special primary to fill Nutt's Senate seat and will therefore resign from the South Carolina House of Representatives. "After prayerful consideration, and with Roger's encouragement, I have decided to run in the special primary to fill his seat in the State Senate," Cox said in a statement. "In doing so, I will also be resigning my position in the State House to allow both elections to occur at the same time." South Carolina Senate President Thomas Alexander issued a writ of elections regarding Nutt's resignation. The filing period for the Senate District 12 election will be open from August 29 through September 6. Primary elections will happen on October 21 and the full election will be on December 23. Cox was elected to the House District 21 seat in 2018 and has held the seat ever since. His resignation takes effect on Jan. 5, 2026. RJ May resigns amid federal investigation State Rep. Robert J. "RJ" May III (R-Lexington) submitted a letter of resignation to House Speaker Murrell Smith's office on August 7. May was indicted on 10 federal charges related to the dissemination of child sexual abuse materials in June. More: Former member of SC Freedom Caucus faces 10 federal charges in child exploitation case "I have decided that it is in the best interest of my family and constituents to resign immediately from the South Carolina House of Representatives," May wrote in his resignation letter. May faces a maximum sentence of 20 years in federal prison for his 10-count indictment, according to the U.S. Attorney's Office for the District of South Carolina. The minimum sentence is five years in prison. May was elected to the South Carolina House in 2020 and was a member of the SC Freedom Caucus before his expulsion last year. The SC Freedom Caucus issued a statement in response to May's resignation, saying the action was "long overdue." The caucus had been calling for May's resignation since his indictment. "While we welcome this resignation, we strongly believe that the SC House should have acted to expel RJ May after he was indicted for such heinous crimes," SC Freedom Caucus stated. "Our hearts are with his victims and his innocent family as we pray for swift justice as this ugly chapter in the South Carolina House of Representatives comes to a close." Special election The South Carolina Elections Commission stated that it has not received an official writ of election notice for the two House seats, but it does expect to get those within the next day. The commission said that the dates for the House elections should be the same as the Senate contests, but they cannot be confirmed until Smith's office submits the writs. May's seat is vacant after his immediate resignation. Nutt and Cox's seats will stay filled until Jan. 5, 2026 — after the special election determines who will take their places. Bella Carpentier covers the South Carolina legislature, state and Greenville County politics. Contact her at bcarpentier@ This article originally appeared on Greenville News: South Carolina lawmaker Roger Nutt resigns after Alzheimer's diagnosis Solve the daily Crossword
