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Chip deal: Why the US is taking a cut from China sales
Posted onSuranjana Tewari Asia Business Correspondent in Singapore Getty Images Nvidia boss Jensen Huang has been lobbying the White House over China chip sales Unusual. Quid pro quo. Unprecedented. That is some of the reaction to news that two of the world’s tech giants will pay the US government 15% of their revenue from selling certain…
US judge blocks detention of British social media campaigner
Posted onA US judge has temporarily stopped the Trump administration from detaining British activist Imran Ahmed after he sued officials over an entry ban for alleged online censorship. The founder of the Center for Countering Digital Hate is among five people denied US visas after the state department accused them of seeking to “coerce” tech platforms…
Hamas returns 10th body as fragile Gaza ceasefire holds
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas has returned the body of another hostage, Israeli officials said, as part of a US-brokered deal meant to end the devastating two-year war in Gaza. The office of Israeli Prime Minister Benjamin Netanyahu said…
Cryptoqueen who fled China for London mansion to be sentenced over £5bn Bitcoin stash
Posted onTony HanGlobal China Unit Metropolitan Police Qian Zhemin enjoyed a lavish lifestyle of travel and shopping before UK police discovered her stash of crypto A woman, said by police to have bought cryptocurrency now worth billions of pounds using funds stolen from thousands of Chinese pensioners, is due to be sentenced this week for money…
Nestle to axe 16,000 jobs as new boss pushes to cut costs
Posted onFood and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the “highest potential returns”. The Swiss company must “change faster” to keep pace with a changing world and adopt a “performance mindset” that does not accept losing…
