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The Hill
19 minutes ago
- The Hill
Trump meets with Intel CEO after calling for his resignation
President Trump met Monday with Lip-Bu Tan, the CEO of Intel, who Trump just days earlier had called on to resign over claims he was 'conflicted.' Trump said he met with Tan, Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. The president provided few details about their conversations, but indicated he would have more to say in the future. 'The meeting was a very interesting one. His success and rise is an amazing story,' Trump posted on Truth Social. 'Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week.' Trump last week said Tan was 'highly CONFLICTED and must resign, immediately.' He provided no other details, though Sen. Tom Cotton (R-Ark.) had recently written to Intel raising concerns about Tan's ties to China. Cotton also voiced concerns about Tan's previous role as CEO of Cadence Design Systems, which pleaded guilty and paid $140 million last month for violating export controls by selling chip design technology to a Chinese military university. Tan responded the following day, saying he had 'always operated within the highest legal and ethical standards.' Intel is a key company in the United States's chip manufacturing industry. Tan said in his statement the company would be 'ramping toward' making advanced semiconductors later this year.
Engadget
an hour ago
- Engadget
Trump delays China tariff increases by another 90 days
President Donald Trump has signed an executive order extending lower tariffs with China for another 90 days, CNBC reports. The new executive order was signed before the previous agreement was set to end on August 12 at midnight. The extension will maintain the current 30 percent tariff on goods from China while representatives from both countries negotiate a new trade deal. The previous agreement lowered US tariffs down from 145 percent to 30 percent, and Chinese tariffs down from 145 percent to 10 percent. At the time, it was unclear how the move would impact the price of electronics manufactured in China, but for at least some companies, it's still led to higher costs. While the price of the Switch 2 is remaining the same, Nintendo announced at the beginning of August that the price of the Switch 1 would increase by $40 or more. Sonos has said that some of its products would increase in price, but hasn't shared details. Both DJI and Microsoft announced price hikes on some of their products back in May, too. For companies manufacturing products abroad, the sudden swerves in Trump administration trade policy seem almost as difficult to deal with as the tariffs themselves. That erratic protectionism is reshaping global trade, and it's also won concessions from companies trying to do business as normal. Apple committed to spending an extra $100 billion on US manufacturing last week to avoid being subjected to tariffs. And early today, both AMD and NVIDIA reportedly agreed to pay the US 15 percent of their profits to be allowed to sell GPUs in China.
Time Business News
an hour ago
- Time Business News
Global Living on a Budget: Investing in Affordable Lifestyles
The dream of living well without spending a fortune isn't just a fantasy—it's becoming a reality for more people than ever. From retirees seeking sunnier climates to remote workers craving adventure, the modern global citizen is finding clever ways to make life both affordable and fulfilling. This shift isn't about deprivation. It's about rethinking what 'value' really means—choosing locations, homes, and habits that deliver the highest return, not just financially, but in quality of life. For decades, moving abroad was seen as something exotic or reserved for the wealthy. Now, it's a practical option. The cost of living varies dramatically around the world, and in many cases, the same budget that barely covers rent in a major Western city could fund a comfortable lifestyle elsewhere. One popular option is buying cheap homes in Europe. The continent isn't all luxury price tags—there are hidden pockets of affordability from the Portuguese countryside to rural Italian hills. These areas offer more than low prices: Rich cultural heritage Access to fresh, local markets A slower, more relaxed pace of life Opportunities for tourism-based income Whether your goal is retirement, a base for remote work, or a property investment, Europe still has genuine bargains. The key is to research thoroughly—not just property prices, but also visa requirements, taxes, and lifestyle factors. Financial freedom doesn't mean cutting joy out of life. It's about finding smart ways to keep the joy while reducing the cost. Take food, for example. One of the best parts of moving abroad is exploring local recipes. But sometimes your favorite dishes from home call for ingredients that are hard to find—or expensive—in your new location. That's when adaptability pays off. Imagine making a stir-fry that calls for Shaoxing wine, a traditional Chinese cooking wine. If you're living in a rural European village, you might not find it in your local shop. But with the right Shaoxing wine substitute, you can achieve a similar depth of flavor without the import costs. Often, you won't even notice the difference. The same mindset works beyond the kitchen. Can't find your preferred coffee beans? Discover a local roast. Missing a particular clothing brand? Seek out a skilled local tailor. Adaptation is a skill—and one that saves money. Affordable global living is as much about mindset as it is about money. People who thrive in this lifestyle tend to share these traits: Flexibility : Willingness to adapt expectations and habits. : Willingness to adapt expectations and habits. Curiosity : Openness to new cultures, foods, and ways of life. : Openness to new cultures, foods, and ways of life. Resourcefulness : Finding creative solutions when resources are limited. : Finding creative solutions when resources are limited. Long-Term Thinking: Balancing present enjoyment with future stability. It's easy to go too far—either overspending because 'you only live once' or underspending to the point where life feels restricted. The sweet spot is where you: Keep housing costs low (through affordable purchases or rentals) Embrace local goods and services Prioritize experiences over possessions Maintain financial security with savings or investments Living abroad on a budget isn't about giving up what you love—it's about finding new ways to enjoy life without financial strain. This lifestyle isn't just for adventurers—it's for anyone willing to think differently about money, comfort, and what it means to live well. In the end, you're not just saving money—you're gaining freedom. TIME BUSINESS NEWS
