Exclusive: Nvidia offers new advanced chip for China that meets U.S. export controls
U.S. chip maker Nvidia Corp (NVDA.O) is offering a new advanced chip in China that meets recent export control rules aimed at keeping cutting-edge technology out of China's hands, the company confirmed on Monday.
Nvidia responded to Reuters' reporting that Chinese computer sellers are advertising products with the new chip.
The chip, called the A800, represents the first reported effort by a U.S. semiconductor company to create advanced processors for China that follow new U.S. trade rules. Nvidia has said the export limitations could cost it hundreds of millions of dollars in revenue. read more
U.S. chip maker Nvidia Corp (NVDA.O) is offering a new advanced chip in China that meets recent export control rules aimed at keeping cutting-edge technology out of China's hands, the company confirmed on Monday.
Nvidia responded to Reuters' reporting that Chinese computer sellers are advertising products with the new chip.
The chip, called the A800, represents the first reported effort by a U.S. semiconductor company to create advanced processors for China that follow new U.S. trade rules. Nvidia has said the export limitations could cost it hundreds of millions of dollars in revenue. read more
Exclusive: China cancelled EU leader's video address at opening of major trade expo
Chinese authorities behind a major trade expo in Shanghai pulled an opening ceremony address by the European Council president that was set to criticise Russia's "illegal war" in Ukraine and call for reduced EU trade dependency on China, diplomats said.
The pre-recorded video by Charles Michel was meant to be one of several from world leaders and heads of international organisations, including Chinese President Xi Jinping, at the opening of the China International Import Expo (CIIE) on Friday, three European diplomats told Reuters.
The diplomats, who cannot be named due to the sensitivity of the matter, told Reuters they were surprised that the speech had been removed. read more
Chinese authorities behind a major trade expo in Shanghai pulled an opening ceremony address by the European Council president that was set to criticise Russia's "illegal war" in Ukraine and call for reduced EU trade dependency on China, diplomats said.
The pre-recorded video by Charles Michel was meant to be one of several from world leaders and heads of international organisations, including Chinese President Xi Jinping, at the opening of the China International Import Expo (CIIE) on Friday, three European diplomats told Reuters.
The diplomats, who cannot be named due to the sensitivity of the matter, told Reuters they were surprised that the speech had been removed. read more
Democrats win governors' races in three crucial 'blue wall' states
Democrats won elections for governor in the "blue wall" states of Michigan, Pennsylvania and Wisconsin on Tuesday, enabling them to defend against Republican-dominated state legislatures on issues such as abortion rights and fair elections.
Democratic governors Gretchen Whitmer of Michigan and Tony Evers of Wisconsin were re-elected, while Josh Shapiro succeeded an outgoing Democratic governor in Pennsylvania, according to projections from Edison Research.
The three states served as a "blue wall" that helped President Joe Biden defeat Donald Trump in 2020, when Republican officials tried to overturn those results. read more
Democrats won elections for governor in the "blue wall" states of Michigan, Pennsylvania and Wisconsin on Tuesday, enabling them to defend against Republican-dominated state legislatures on issues such as abortion rights and fair elections.
Democratic governors Gretchen Whitmer of Michigan and Tony Evers of Wisconsin were re-elected, while Josh Shapiro succeeded an outgoing Democratic governor in Pennsylvania, according to projections from Edison Research.
The three states served as a "blue wall" that helped President Joe Biden defeat Donald Trump in 2020, when Republican officials tried to overturn those results. read more
Midterm race for U.S. Congress is tight, no Republican 'red wave'
Republicans made modest gains in U.S. midterm elections but Democrats performed better than expected, leaving control of Congress and the future of President Joe Biden's agenda unclear on Wednesday morning.
Many of the most competitive races were too close to call and Republicans acknowledged that the election was not producing the sweeping "red wave" victory they had sought.
The results appeared to show voters punishing Biden for presiding over an economy hit by steep inflation, while also lashing out against Republican moves to ban abortion. read more
Republicans made modest gains in U.S. midterm elections but Democrats performed better than expected, leaving control of Congress and the future of President Joe Biden's agenda unclear on Wednesday morning.
Many of the most competitive races were too close to call and Republicans acknowledged that the election was not producing the sweeping "red wave" victory they had sought.
The results appeared to show voters punishing Biden for presiding over an economy hit by steep inflation, while also lashing out against Republican moves to ban abortion. read more
Sam-Bankman Fried told OKX FTX has liability of $7 bln - OKX director
FTX CEO Sam Bankman-Fried has appealed for a $2 billion to $4 billion cash injection from OKX on Monday morning just prior to the announcement of the now collapsed acquisition mooted by arch rival Binance, said a senior executive at OKX.
The CEO of the troubled exchange had presented "a lot of urgency" in seeking that amount of cash injection during a call on November 8, as this would have helped FTX survive a short-term liquidity crisis, said Lennix Lai, director of financial markets at OKX.
The appeal for cash injection has come as FTX was facing a $7 billion total liability, said Lai, citing Bankman-Fried's comment made in the call. read more
FTX CEO Sam Bankman-Fried has appealed for a $2 billion to $4 billion cash injection from OKX on Monday morning just prior to the announcement of the now collapsed acquisition mooted by arch rival Binance, said a senior executive at OKX.
The CEO of the troubled exchange had presented "a lot of urgency" in seeking that amount of cash injection during a call on November 8, as this would have helped FTX survive a short-term liquidity crisis, said Lennix Lai, director of financial markets at OKX.
The appeal for cash injection has come as FTX was facing a $7 billion total liability, said Lai, citing Bankman-Fried's comment made in the call. read more
Crypto markets slump as FTX seeks to raise new funds
Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin hovering near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX, which was seeking new funds to plug a gaping hole in its finances.
Larger rival Binance walked away from a bailout of FTX on Wednesday, sending cryptocurrency prices plunging as hopes for a rescue diminished.
On Thursday, FTX head Sam Bankman-Fried told staff in a Slack message seen by Reuters that "for the next week, we will be conducting a raise". read more
Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin hovering near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX, which was seeking new funds to plug a gaping hole in its finances.
Larger rival Binance walked away from a bailout of FTX on Wednesday, sending cryptocurrency prices plunging as hopes for a rescue diminished.
On Thursday, FTX head Sam Bankman-Fried told staff in a Slack message seen by Reuters that "for the next week, we will be conducting a raise". read more
U.S. in talks to buy South Korean ammunition for Ukraine, official says
Washington wants to buy South Korean artillery shells to send to Ukraine, a U.S. official said on Friday, even as Seoul insisted that the United States must be the ammunition's end user and that its policy against lethal aid for Ukraine is unchanged.
The U.S. official, speaking on condition of anonymity to discuss ongoing negotiations, confirmed that Washington wanted to send South Korean 155mm artillery shells to Ukraine. read more
Washington wants to buy South Korean artillery shells to send to Ukraine, a U.S. official said on Friday, even as Seoul insisted that the United States must be the ammunition's end user and that its policy against lethal aid for Ukraine is unchanged.
The U.S. official, speaking on condition of anonymity to discuss ongoing negotiations, confirmed that Washington wanted to send South Korean 155mm artillery shells to Ukraine. read more
Strategic bridge near Ukraine's Kherson has collapsed - public broadcaster
The Antonivskiy bridge, the only nearby road crossing from the southern Ukrainian city of Kherson to the Russian-controlled eastern bank of the Dnipro River, has collapsed, Ukraine's public broadcaster quoted local residents as saying on Friday.
The Suspilne broadcaster published a photograph showing whole sections of the bridge missing. The next road crossing across the Dnipro is more than 70 km (43 miles) from Kherson city.
It was not immediately clear what had caused the bridge's collapse. Russia announced on Wednesday it was retreating from the west bank of the Dnipro River to the other side.
The Antonivskiy bridge, the only nearby road crossing from the southern Ukrainian city of Kherson to the Russian-controlled eastern bank of the Dnipro River, has collapsed, Ukraine's public broadcaster quoted local residents as saying on Friday.
The Suspilne broadcaster published a photograph showing whole sections of the bridge missing. The next road crossing across the Dnipro is more than 70 km (43 miles) from Kherson city.
It was not immediately clear what had caused the bridge's collapse. Russia announced on Wednesday it was retreating from the west bank of the Dnipro River to the other side.
EXCLUSIVE India can buy as much Russian oil as it wants, outside price cap, Yellen says
The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, U.S. Treasury Secretary Janet Yellen said on Friday.
The cap would still drive global oil prices lower while curbing Russia's revenues, Yellen said in an interview with Reuters on the sidelines of a conference on deepening U.S.-Indian economic ties. Russia will not be able to sell as much oil as it does now once the European Union halts imports without resorting to the capped price or significant discounts from current prices, Yellen added. read more
The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, U.S. Treasury Secretary Janet Yellen said on Friday.
The cap would still drive global oil prices lower while curbing Russia's revenues, Yellen said in an interview with Reuters on the sidelines of a conference on deepening U.S.-Indian economic ties. Russia will not be able to sell as much oil as it does now once the European Union halts imports without resorting to the capped price or significant discounts from current prices, Yellen added. read more
U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud
Theranos founder Elizabeth Holmes should spend 15 years in prison and pay $800 million in restitution to investors defrauded in the blood testing start-up, U.S. prosecutors recommended late on Friday.
The Department of Justice recommendation, made in a court filing, came as Holmes prepares to be sentenced next week.
"Considering the extensiveness of Holmes' fraud... the sentencing of 180 months' imprisonment would reflect the seriousness of the offenses, provide for just punishment for the offenses, and deter Holmes and others," the prosecutors said. read more
Theranos founder Elizabeth Holmes should spend 15 years in prison and pay $800 million in restitution to investors defrauded in the blood testing start-up, U.S. prosecutors recommended late on Friday.
The Department of Justice recommendation, made in a court filing, came as Holmes prepares to be sentenced next week.
"Considering the extensiveness of Holmes' fraud... the sentencing of 180 months' imprisonment would reflect the seriousness of the offenses, provide for just punishment for the offenses, and deter Holmes and others," the prosecutors said. read more
Democrats seal control of U.S. Senate with win in Nevada
Democrats will hold onto control of the U.S. Senate after Senator Catherine Cortez Masto won re-election in Nevada, Edison Research projected on Saturday, handing a major victory to President Joe Biden.
Still, Republicans remained close to winning control of the U.S. House of Representatives as officials continued counting ballots cast in Tuesday's U.S. midterm elections.
Cortez Masto narrowly defeated Republican challenger Adam Laxalt, a former state attorney general who was endorsed by former President Donald Trump. read more
Democrats will hold onto control of the U.S. Senate after Senator Catherine Cortez Masto won re-election in Nevada, Edison Research projected on Saturday, handing a major victory to President Joe Biden.
Still, Republicans remained close to winning control of the U.S. House of Representatives as officials continued counting ballots cast in Tuesday's U.S. midterm elections.
Cortez Masto narrowly defeated Republican challenger Adam Laxalt, a former state attorney general who was endorsed by former President Donald Trump. read more
Person who left bomb causing Istanbul explosion arrested - Anadolu citing minister
The person who left the bomb that caused Istanbul's explosion was arrested by the police, Interior Minister Suleyman Soylu said on Monday according to state-run Anadolu agency's English-language Twitter account.
Six people were killed and 81 others wounded on Sunday when an explosion rocked a busy pedestrian street in Istiklal Avenue in central Istanbul in what Turkish President Tayyip Erdogan called a bomb attack that "smells like terrorism". read more
The person who left the bomb that caused Istanbul's explosion was arrested by the police, Interior Minister Suleyman Soylu said on Monday according to state-run Anadolu agency's English-language Twitter account.
Six people were killed and 81 others wounded on Sunday when an explosion rocked a busy pedestrian street in Istiklal Avenue in central Istanbul in what Turkish President Tayyip Erdogan called a bomb attack that "smells like terrorism". read more
As regulators scrutinise FTX, rival exchanges try to reassure investors
Bitcoin and other cryptocurrencies remained under pressure on Monday following last week's collapse of crypto exchange FTX while rival exchanges sought to reassure jittery investors of their own stability.
Kris Marszalek, CEO of Singapore-based crypto exchange Crypto.com, refuted suggestions it could be in trouble, saying in a YouTube livestream address the platform would prove all naysayers wrong.
The 'AMA (ask-me-anything)' session came after investors took to Twitter over the weekend to question a transfer of $400 million worth of ether tokens to the Gate.io exchange on Oct. 21. read more
Bitcoin and other cryptocurrencies remained under pressure on Monday following last week's collapse of crypto exchange FTX while rival exchanges sought to reassure jittery investors of their own stability.
Kris Marszalek, CEO of Singapore-based crypto exchange Crypto.com, refuted suggestions it could be in trouble, saying in a YouTube livestream address the platform would prove all naysayers wrong.
The 'AMA (ask-me-anything)' session came after investors took to Twitter over the weekend to question a transfer of $400 million worth of ether tokens to the Gate.io exchange on Oct. 21. read more
G20 summit opens in Bali with a plea for unity as Ukraine war tops agenda
Leaders of the Group of 20 (G20) nations opened talks on Tuesday on the island of Bali, with a plea by host Indonesia for unity and concrete action to mend the global economy despite deep rifts over the war in Ukraine.
"We have no other option, collaboration is needed to save the world," Indonesian President Joko Widodo said in opening remarks, before the leaders of the world's wealthiest nations began closed-door discussions.
The G20, which includes countries ranging from Brazil to India, Saudi Arabia and Germany, accounts for more than 80% of the world's gross domestic product, 75% of international trade and 60% of its population.
A positive sign on the eve of the summit was a three-hour bilateral meeting between U.S. President Joe Biden and Chinese leader Xi Jinping in which the two leaders pledged more frequent communications despite many differences. read more
Leaders of the Group of 20 (G20) nations opened talks on Tuesday on the island of Bali, with a plea by host Indonesia for unity and concrete action to mend the global economy despite deep rifts over the war in Ukraine.
"We have no other option, collaboration is needed to save the world," Indonesian President Joko Widodo said in opening remarks, before the leaders of the world's wealthiest nations began closed-door discussions.
The G20, which includes countries ranging from Brazil to India, Saudi Arabia and Germany, accounts for more than 80% of the world's gross domestic product, 75% of international trade and 60% of its population.
A positive sign on the eve of the summit was a three-hour bilateral meeting between U.S. President Joe Biden and Chinese leader Xi Jinping in which the two leaders pledged more frequent communications despite many differences. read more
Division at G20 over bid to condemn Russia's Ukraine invasion
NUSA DUA, Indonesia, Nov 15 (Reuters) - Disagreement emerged at a Group of 20 (G20) summit on Tuesday as the United States and its allies backed a resolution condemning Russia's invasion of Ukraine, which Russia's foreign minister dismissed as unwarranted politicisation.
"Most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy," a 16-page draft declaration said, according to a copy seen by Reuters.
"There were other views and different assessments of the situation and sanctions," said the draft, which diplomats said had yet to be adopted by the leaders. read more
NUSA DUA, Indonesia, Nov 15 (Reuters) - Disagreement emerged at a Group of 20 (G20) summit on Tuesday as the United States and its allies backed a resolution condemning Russia's invasion of Ukraine, which Russia's foreign minister dismissed as unwarranted politicisation.
"Most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy," a 16-page draft declaration said, according to a copy seen by Reuters.
"There were other views and different assessments of the situation and sanctions," said the draft, which diplomats said had yet to be adopted by the leaders. read more
Poland likely to invoke NATO's Article 4, will raise missile blast with UN - officials
Poland is likely to request consultations under NATO's Article 4 after a missile, reportedly Russian-made, struck Polish territory near the border with Ukraine, and raise the issue at a U.N. Security Council meeting on Wednesday, officials said.
Two people were killed in an explosion in a village 6 kilometres (3.5 miles) from the border, with Polish President Andrzej Duda saying that Poland had no conclusive evidence showing who fired the missile.
The incident happened hours after President Volodymyr Zelenskiy outlined to leaders of G20 nations his peace plan for Ukraine, and after Russia unleashed what Kyiv said was the heaviest wave of missile strikes in nearly nine months of war. read more
Poland is likely to request consultations under NATO's Article 4 after a missile, reportedly Russian-made, struck Polish territory near the border with Ukraine, and raise the issue at a U.N. Security Council meeting on Wednesday, officials said.
Two people were killed in an explosion in a village 6 kilometres (3.5 miles) from the border, with Polish President Andrzej Duda saying that Poland had no conclusive evidence showing who fired the missile.
The incident happened hours after President Volodymyr Zelenskiy outlined to leaders of G20 nations his peace plan for Ukraine, and after Russia unleashed what Kyiv said was the heaviest wave of missile strikes in nearly nine months of war. read more
Biden said Ukraine air defence missile responsible for Poland blast - NATO source
U.S. President Joe Biden told G7 and NATO partners that a missile blast in eastern Poland was caused by a Ukrainian air defence missile, a NATO source told Reuters on Wednesday.
The blast, which killed two people, raised global alarm that the Ukraine conflict could spill into neighbouring countries.
Ukraine blamed Russia. Russia denied its missiles struck Poland.
Biden told reporters in Indonesia on Wednesday that the missile was unlikely to have been fired from Russia. read more
U.S. President Joe Biden told G7 and NATO partners that a missile blast in eastern Poland was caused by a Ukrainian air defence missile, a NATO source told Reuters on Wednesday.
The blast, which killed two people, raised global alarm that the Ukraine conflict could spill into neighbouring countries.
Ukraine blamed Russia. Russia denied its missiles struck Poland.
Biden told reporters in Indonesia on Wednesday that the missile was unlikely to have been fired from Russia. read more
China's Xi confronts Canada's Trudeau at G20 over media leaks
In video footage published by Canadian broadcasters, Xi and Trudeau can be seen standing close to each other and conversing via a translator at the summit on the Indonesian island of Bali.
"That is not appropriate, and we didn't do it that way," Xi said in Mandarin, smiling.
"If there is sincerity, we can communicate well with mutual respect, otherwise the outcome will not be easy to tell."
His displeasure was likely a reference to media reports that Trudeau brought up "serious concerns" about alleged espionage and Chinese "interference" in Canadian elections when meeting with Xi on Tuesday, his first talks with the Chinese leader in more than three years. read more
In video footage published by Canadian broadcasters, Xi and Trudeau can be seen standing close to each other and conversing via a translator at the summit on the Indonesian island of Bali.
"That is not appropriate, and we didn't do it that way," Xi said in Mandarin, smiling.
"If there is sincerity, we can communicate well with mutual respect, otherwise the outcome will not be easy to tell."
His displeasure was likely a reference to media reports that Trudeau brought up "serious concerns" about alleged espionage and Chinese "interference" in Canadian elections when meeting with Xi on Tuesday, his first talks with the Chinese leader in more than three years. read more
Pelosi to step down from U.S. House leadership, remain in Congress
U.S. House of Representatives Speaker Nancy Pelosi, the first woman to hold that powerful post, said on Thursday she will step down as the chamber's Democratic leader as her allies prepared a passing of the torch to Representative Hakeem Jeffries.
Pelosi, an 82-year-old liberal from California who has served two stints as speaker, said she will remain in Congress, representing San Francisco as she has done for 35 years. She made the announcement a day after Republicans secured a slim majority in the chamber following last week's midterm elections. read more
U.S. House of Representatives Speaker Nancy Pelosi, the first woman to hold that powerful post, said on Thursday she will step down as the chamber's Democratic leader as her allies prepared a passing of the torch to Representative Hakeem Jeffries.
Pelosi, an 82-year-old liberal from California who has served two stints as speaker, said she will remain in Congress, representing San Francisco as she has done for 35 years. She made the announcement a day after Republicans secured a slim majority in the chamber following last week's midterm elections. read more
FBI director 'very concerned' by Chinese 'police stations' in U.S.
The United States is deeply concerned about the Chinese government setting up unauthorized 'police stations' in U.S. cities to possibly pursue influence operations, FBI Director Christopher Wray told lawmakers on Thursday.
Safeguard Defenders, a Europe-based human rights organization, published a report in September revealing the presence of dozens of Chinese police "service stations" in major cities around the world, including New York.
Republicans in Congress have requested answers from the Biden administration about their influence. read more
The United States is deeply concerned about the Chinese government setting up unauthorized 'police stations' in U.S. cities to possibly pursue influence operations, FBI Director Christopher Wray told lawmakers on Thursday.
Safeguard Defenders, a Europe-based human rights organization, published a report in September revealing the presence of dozens of Chinese police "service stations" in major cities around the world, including New York.
Republicans in Congress have requested answers from the Biden administration about their influence. read more
Nord Stream leaks confirmed as sabotage, Sweden says
Investigators have found traces of explosives at the site of the damaged Nord Stream gas pipelines, confirming sabotage had taken place, a Swedish prosecutor said on Friday.
Swedish and Danish authorities are investigating four holes in the Nord Stream 1 and 2 pipelines which link Russia and Germany via the Baltic Sea and have become a flashpoint in the Ukraine crisis as gas supplies in Europe run short. read more
Investigators have found traces of explosives at the site of the damaged Nord Stream gas pipelines, confirming sabotage had taken place, a Swedish prosecutor said on Friday.
Swedish and Danish authorities are investigating four holes in the Nord Stream 1 and 2 pipelines which link Russia and Germany via the Baltic Sea and have become a flashpoint in the Ukraine crisis as gas supplies in Europe run short. read more