Latest news with #US-developed
New York Post
4 days ago
- Business
- New York Post
Longtime foes Armenia and Azerbaijan to ink peace deal at WH
WASHINGTON — President Trump will host the leaders of longtime adversaries Armenia and Azerbaijan at the White House on Friday to sign a peace accord built around a new railway route in the region. The US-developed transit initiative — dubbed the 'Trump Route for International Peace and Prosperity' — will transect the sparsely populated south of Armenia, the world's oldest Christian nation, while linking Azerbaijan's capital Baku on the Caspian Sea to its Nakhchivan exclave touching Turkey. Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev will meet Trump separately before an afternoon signing ceremony. 3 President Trump will host a historic peace-deal signing Friday between the leaders of longtime foes Armenia and Azerbaijan. A Trump administration official said approval of the corridor gives Armenia an 'enormous strategic commercial partner' in the US while hands Azerbaijan a long-sought connection between the country's two geographic components. The passageway could eventually emerge as a major route for transportation of fossil fuels from energy-rich Azerbaijan and Central Asia. Trump's deal inserts the United States in a leadership position historically occupied by Russia, which provided peacekeeping troops to the former Armenian-populated Nagorno-Karabakh Republic, which Aliyev reconquered for Azerbaijan in 2023, ending 32 years of de facto independence. It's unclear if Nagorno-Karabakh residents will be allowed to return to their mountainous homeland as part of the deal. Trump officials described the pact as the start of a longer process that would resolve details in the conflict between the former Soviet states — with talks beginning next week on setting up the route named for Trump, which US officials said was done at Armenia's urging. 'This isn't charity. This is a highly investable entity,' a Trump administration official told reporters. 'I received calls from nine different operators and was pleased to see three different American operators,' the official said. 'We're going to find the most first-class operating system that we can, not because it brings peace, although that's a fantastic thing, but it's also going to bring commercial prosperity, which will ensure peace beyond just today's signing ceremony.' 3 President Ilham Aliyev of Azerbiajan (right) and Armenian Prime Minister Nikol Pashinyan are pictured July 10 during talks in Abu Dhabi. AP 3 Azerbaijan reconquered the long-independent Armenian breakaway republic of Nargono-Karabakh in 2023. REUTERS US officials unveiled the breakthrough between Yerevan and Baku as the president's aides continue to argue he deserves the Nobel Peace Prize, which will be awarded Oct. 10 — in light of his prior role brokering peace between India and Pakistan, Rwanda and the Democratic Republic of Congo and Cambodia and Thailand, as well as ending this year's Israeli-Iran conflict with a decisive US bombing raid on Tehran's nuclear facilities. Administration officials also presented the South Caucasus deal as a strategic win for Washington while Moscow remains mired in conflict with Ukraine and Tehran reels from recent Israeli and US airstrikes. 'If you look at the flow from the Caucasus region into Europe, everything either goes through Russia or through Iran,' an official said. 'If you were just looking at it objectively, you would say, 'Why is it this way?' And the answer would be, 'Well, because politics got in the way.' 'What President Trump has done is he's taken the politics out of the picture and made common sense prevail. What this will do for American businesses, and frankly, for energy resources across Europe will be enormously powerful. The losers here are China, Russia and Iran. The winners here are the West.' The Trump aide added: 'When you look at what signal this sends, it sends that the one superpower in the world is acting like the one superpower in the world.'
Hans India
25-07-2025
- Business
- Hans India
Trump tells tech giants to stop hiring, building in India
Washington DC: US President Donald Trump has called for eschewing 'radical globalism' pursued by some of the country's firms, including tech giants like Google, Meta and Microsoft, among others, to 'stop building factories' and 'hiring workers' from countries including India. 'For too long, much of our tech industry pursued a radical globalism that left millions of Americans feeling distrustful and betrayed. And you know that,' Trump said. 'Many of our largest tech companies have reaped the blessings of American freedom while building their factories in China, hiring workers in India, and slashing profits in Ireland. You know that. All the while dismissing and even censoring their fellow citizens right here at home,' Trump said ahead of unveiling his administration's 'AI Action Plan.' Trump signed three new executive orders: expediting permitting for AI infrastructure, boosting exports of US-developed AI, and banning federal procurement of AI systems with political or ideological bias. During his remarks at the AI Summit, Trump urged US tech companies to be 'all in for America.' 'We want you to put America first. You have to do that. That's all we ask. That's all we ask to partner with our tech geniuses and achieving this vision. Today, we're releasing the White House AI action plan. Big stuff,' Trump said. The US President said that in a few months, 'Meta, Amazon, Google, Microsoft are all investing $320 billion dollars or more in data centers and AI infrastructure this year' adding that Nvidia has committed $500 billion over the next four years. 'For decades, we had leaders who spent their time focused on building up foreign nations. Under the Trump administration, we are going to have leaders who are going to build up our nation. This colossal investment in AI infrastructure and many other industries for that matter such as automobiles and so many other things will also create thousands and thousands of great paying jobs. the kind of jobs we want, including lots of blue collar jobs,' Trump said.
India.com
24-07-2025
- Business
- India.com
Bad news for Indians as Meta, Amazon, Google, Microsoft may now stop hiring Indians because....
Bad news for Indians- Representative AI image Bad news for Indians: In a matter of bad news for thousands of India who are aspiring to take jobs in American tech giants like Google, Meta and Microsoft, US President Donald Trump has called for avoiding 'radical globalism' pursued by some of the country's firms. In his recent statement, the US President has suggested to stop building factories' and 'hiring workers' from countries including India. Here are all the details you know about the recent statement from US President Donald Trump and how it will impact Indians. What has Donald Trump said on hiring Indians? 'For too long, much of our tech industry pursued a radical globalism that left millions of Americans feeling distrustful and betrayed. And you know that,' Trump said. 'Many of our largest tech companies have reaped the blessings of American freedom while building their factories in China, hiring workers in India, and slashing profits in Ireland. You know that. All the while dismissing and even censoring their fellow citizens right here at home,' Trump said ahead of unveiling his administration's 'AI Action Plan.' What Donald Trump said on AI infrastructure? Trump signed three new executive orders: expediting permitting for AI infrastructure, boosting exports of US-developed AI, and banning federal procurement of AI systems with political or ideological bias. During his remarks at the AI Summit, Trump urged US tech companies to be 'all in for America.' 'We want you to put America first. You have to do that. That's all we ask. That's all we ask to partner with our tech geniuses and achieving this vision. Today, we're releasing the White House AI action plan. Big stuff,' Trump said.
Qatar Tribune
23-07-2025
- Business
- Qatar Tribune
Trump unveils AI plan that aims to clamp down on regulations and ‘bias'
Agencies Washington The Trump administration has unveiled a sweeping roadmap to develop artificial intelligence, pledging to boost US innovation while stripping away what it calls 'bureaucratic red tape' and 'ideological bias'. The 28-page AI Action Plan outlines more than 90 policy actions for the rapidly developing technology that administration officials say can be implemented over the next year. 'We believe we're in an AI race, and we want the United States to win that race,' Trump administration crypto czar David Sacks told reporters. The AI plan promises to build data centre infrastructure, and promote American technology - but was panned by critics who consider it an ideological flex by the White House. The plan also calls for federal agencies to review and repeal policies that stand in the way of AI development, and encourage AI in both government and the private sector. President Donald Trump is expected to sign three related executive orders on Wednesday. One order will promote the international export of US-developed AI technologies, while another aims to root out what the administration describes as 'woke' or ideologically biased AI systems. 'American development of AI systems must be free from ideological bias or engineered social agendas,' the White House said. 'With the right government policies, the United States can solidify its position as the leader in AI and secure a brighter future for all Americans.' Crypto czar Sacks added that the plan is partially focused on preventing AI technology from being 'misused or stolen by malicious actors' and will 'monitor for emerging and unforeseen risks from AI'. The Trump administration has positioned the expansion of AI infrastructure and investments in the United States as a way to stay ahead of China. 'AI is a revolutionary technology that's going to have profound ramifications for both the economy and national security,' Sacks said. 'It's just very important that America continues to be the dominant power in AI.' But critics argued that the plan was a giveaway to Big Tech. 'The White House AI Action plan was written by and for tech billionaires, and will not serve the interests of the broader public,' said Sarah Myers West, co-executive director of the AI Now Institute. '[T]he administration's stance prioritizes corporate interests over the needs of everyday people who are all already being affected by AI,' West added.
IOL News
16-07-2025
- Business
- IOL News
South Africa's mining production sees slight increase despite US tariffs on other goods
Manganese ore recorded the largest negative contribution to the overall performance, followed by coal. Copper also declined over the period and platinum group metals gained a marginal 2.1%. Image: Pixabay South Africa's mining production increased by a mere 0.2% in May year-on-year, according to Statistics South Africa's mining production and Sales report. Manganese ore recorded the largest negative contribution to the overall performance, followed by coal. Copper also declined over the period and platinum group metals gained a marginal 2.1%. Some commodities recorded increases. Gold output rose year-on-year, while iron ore and chromium ore also showed gains. These improvements were not sufficient to offset the declines in other key sectors. Earlier this month, US President Donald Trump slapped South Africa with 30% tariffs on goods exported to America, based on an alleged trade imbalance, excluding precious metals. Gold, silver, platinum, and palladium are used in high-technology and electronics manufacturing and are found in components such as processors, circuit boards, connectors, and memory systems. In the context of artificial intelligence (AI), demand for advanced computing hardware has increased, and these metals play a role in the performance and reliability of AI-related infrastructure. AI chips, servers, and related technologies often rely on materials that include these metals. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading Trump has expressed support for expanding the US's AI capabilities, including investment in domestic semiconductor production and research. He has also advocated limiting access by geopolitical rivals to advanced US-developed AI technology. Domestically, South Africa's mining sector continues to be affected by infrastructure and operational constraints. Investec economist Lara Hodes said that 'bulk mineral exports continue to be impacted by the country's logistical challenges, including port and rail inefficiencies, leading to billions of rands in lost revenue'. Creating a world-class logistics system to drive export growth remains a key priority of government, said Hodes. 'Dealing with the other challenges that impede the country's competitive position remains imperative,' she adds. The Minerals Council South Africa has stated that the mining industry continues to play a central role in job creation, foreign exchange earnings and industrial development. IOL
