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US approves sale of Nvidias advanced H200 chips to China
Osmond ChiaBusiness reporter Getty Images Nvidia CEO Jensen Huang The US government has given chip giant Nvidia the green light to sell its advanced artificial intelligence (AI) processors in China, the Department of Commerce said on Tuesday. The H200, Nvidia’s second-most-advanced semiconductor, had been restricted by Washington over concerns that it would give China’s technology…
The Swiss city that lets you pay for most things with bitcoin
John LaurensonBusiness reporter, Lugano, Switzerland AFP via Getty Images Shops and restaurants across the Swiss city of Lugano now accept bitcoin In a McDonald’s by a lake surrounded by mountains, in the centre of the Swiss city of Lugano, a customer orders coffee. “Can I pay with bitcoin?” he asks, and the person behind the…
ECB holds interest rates at 2%
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank has left its benchmark interest rate unchanged at 2 per cent for the fourth meeting in a row but raised its growth forecast for the Eurozone. Thursday’s rate decision was in…
Trump tariffs: Swiss companies target alternative export markets
Imogen FoulkesBern, Switzerland AFP via Getty Images So far President Karin Keller-Sutter has failed to reduce US tariffs on Swiss goods President Trump’s tariffs have caused shock worldwide, with governments scrambling to find a deal to placate him. Some have managed: the UK got in first, with a sweet deal of just 10%, the European…
French tech giant Capgemini to sell US subsidiary working for ICE
Criticism of ICE practices has intensified in recent weeks since the shooting of 37-year-old Pretti, the second fatal shooting of a US citizen since immigration agents began surging several cities across the US, acting on the Trump administration’s drive to increase deportations of illegal immigrants.
