logo
ENFRع
#

Latest news with #TrumpPutinMeeting

Chip giants Nvidia and AMD ‘to pay US 15% of China revenue'
Chip giants Nvidia and AMD ‘to pay US 15% of China revenue'

Times

time4 hours ago

  • Business
  • Times

Chip giants Nvidia and AMD ‘to pay US 15% of China revenue'

• Sign up for our daily business newsletter here European markets are expected to open higher this morning and the oil price has dropped on hopes that the meeting between presidents Trump and Putin will increase the chances of ending the war in Ukraine and increase global crude supply. London's FTSE 100 is forecast to edge up around 5 points, with Germany's DAX and France's CAC gaining 56 points and 11 points respectively. Asian markets were higher. Japanese markets were closed today for a holiday. The oil price fell, extending declines of more than 4 per cent last week, as investors awaited the outcome of talks between the US and Russia later this week. Brent crude futures fell 33 cents, or 0.5 per cent, to $66.26 a barrel. Expectations have risen for a potential end to sanctions on Russian oil. Nvidia and AMD are reported to have agreed to give the US government 15 per cent of revenue from sales to China of advanced computer chips are used for artificial intelligence applications. President Trump's administration halted sales of Nvidia's H20 chips to China in April, but Nvidia last month announced the US would allow the company to resume sales and it hoped to start deliveries soon. The news, first reported by the Financial Times, is attributed to sources and US officials. When asked if Nvidia had agreed to pay 15 per cent of revenues to the US, a Nvidia spokesperson said: 'We follow rules the US government sets for our participation in worldwide markets.' The spokesperson added: 'While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide.' AMD did not respond to a request for comment on the news. The US Department of Commerce did not immediately respond to a request for comment. The FT said the chipmakers agreed to the arrangement as a condition for obtaining the export licences for their semiconductors, including AMD's MI308 chips. The report said the Trump administration had yet to determine how to use the money.

The Russian past of Alaska, where Trump and Putin will meet
The Russian past of Alaska, where Trump and Putin will meet

Arab News

time8 hours ago

  • Politics
  • Arab News

The Russian past of Alaska, where Trump and Putin will meet

WASHINGTON: Presidents Donald Trump and Vladimir Putin will hold a high-stakes meeting about the Ukraine war on Friday in Alaska, which the United States bought from Russia more than 150 years ago. Russian influence still endures in parts of the remote state on the northwest edge of the North American continent, which extends just a few miles from Russia. When Danish explorer Vitus Bering first sailed through the narrow strait that separates Asia and the Americas in 1728, it was on an expedition for Tsarist Russia. The discovery of what is now known as the Bering Strait revealed the existence of Alaska to the West — however Indigenous people had been living there for thousands of years. Bering's expedition kicked off a century of Russian seal hunting, with the first colony set up on the southern Kodiak island. In 1799, Tsar Paul I established the Russian-American Company to take advantage of the lucrative fur trade, which often involved clashes with the Indigenous inhabitants. However the hunters overexploited the seals and sea otters, whose populations collapsed, taking with them the settlers' economy. The Russian empire sold the territory to Washington for $7.2 million in 1867. The purchase of an area more than twice the size of Texas was widely criticized in the US at the time, even dubbed 'Seward's folly' after the deal's mastermind, secretary of state William Seward. The Russian Orthodox Church established itself in Alaska after the creation of the Russian-American Company, and remains one of the most significant remaining Russian influences in the state. More than 35 churches, some with distinctive onion-shaped domes, dot the Alaskan coast, according to an organization dedicated to preserving the buildings. Alaska's Orthodox diocese says it is the oldest in North America, and even maintains a seminary on Kodiak island. A local dialect derived from Russian mixed with Indigenous languages survived for decades in various communities — particularly near the state's largest city Anchorage — though it has now essentially vanished. However near the massive glaciers on the southern Kenai peninsula, the Russian language is still being taught. A small rural school of an Orthodox community known as the 'Old Believers' set up in the 1960s teaches Russian to around a hundred students. One of the most famous statements about the proximity of Alaska and Russia was made in 2008 by Sarah Palin, the state's then-governor — and the vice presidential pick of Republican candidate John McCain. 'They're our next-door neighbors, and you can actually see Russia from land here in Alaska, from an island in Alaska,' Palin said. While it is not possible to see Russia from the Alaskan mainland, two islands facing each other in the Bering Strait are separated by just 2.5 miles (four kilometers). Russia's Big Diomede island is just west of the American Little Diomede island, where a few dozen people live. Further south, two Russians landed on the remote St. Lawrence island — which is a few dozen miles from the Russian coast — in October, 2022 to seek asylum. They fled just weeks after Putin ordered an unpopular mobilization of citizens to boost his invasion of Ukraine. For years, the US military has said it regularly intercepts Russian aircraft that venture too close to American airspace in the region. However Russia is ostensibly not interested in reclaiming the territory it once held, with Putin saying in 2014 that Alaska is 'too cold.'

The Irish Times view on the Trump/Putin meeting: Ukraine must be at the table
The Irish Times view on the Trump/Putin meeting: Ukraine must be at the table

Irish Times

time14 hours ago

  • Business
  • Irish Times

The Irish Times view on the Trump/Putin meeting: Ukraine must be at the table

The symbolism of the planned Trump-Putin meeting this week in Alaska is striking. Alaska, after all, was bought from Russia for $7.2 million in 1867, much as Donald Trump hopes to buy Greenland. Nothing wrong with trading land ,Trump appears to be telling Russia's president, whether you own it or not. If the price is right. The US president has set the scene for his encounter with Vladimir Putin with the promise that land concessions of forcibly conquered land are on the cards . 'We're going to get some back, and we're going to get some switched,' Trump said on Friday. 'There'll be some swapping of territories to the betterment of both.' The owner of that land, Ukraine's President Volodymyr Zelenskiy, has not been invited . But a deal without Ukraine being present would not be a deal at all. Calls from EU countries over the weekend for the Ukrainian president to be present should be heeded. While Trump appeared to have patched up his relationship with Zelenskiy after the Oval Office blow-up, his resulting public coolness towards Putin over the latter's stonewalling over a ceasefire has all but dissolved in his enthusiasm to set up a meeting entirely on the Russian's terms, and without any previously demanded ceasefire commitment. Talk of deadlines and secondary sanctions against those buying Russian oil are now, apparently, on hold. And for what? READ MORE Bringing Putin in from diplomatic isolation is in itself a win for the Russian president. An agreement to the permanent consolidation of territorial gains, whether formally or informally acknowledged, would represent an explicit concession of Russia's war aims, a massive reward for an illegal war. Also on Putin's agenda, a Nato commitment not to take in Ukraine is already US policy, and both the ending of US engagement in Ukraine and the splitting of the Europeans off from the US appear feasible objectives for Moscow. At the same time, tensions between Washington and Kyiv have reappeared. Zelenskiy's rapid repudiation of 'constitutionally prohibited' territorial concessions is certain to anger Trump, whose promise that the meeting will be followed by one including Zelenskiy has also been repudiated by Moscow. Putin has made clear all along that he is not interested in a preliminary ceasefire to allow comprehensive peace talks to be arranged. He wants a deal now that will effectively disarm Kyiv and put as much distance between it and allies safely confined to their own territories. No question of international peacekeeping or monitoring. In effect, permanent vulnerability. The prize this week for Putin would be a deal with Trump that Ukraine cannot accept, with the US then walking away and washing its hands of the conflict. Trump's promise of land for peace appears to make that a possible outcome .But a deal without Ukraine being present is not a deal at all.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store