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Description: With the US – China trade war escalating, Nvidia has announced it may lose up to $5 billion amid the newest regulations which would tighten chip exports to China. The latest announcement by US President Donald Trump stated that tariff exemptions from products such as laptops, computers and smartphones were a temporary reprieve until the US readapts its tariff strategy to strengthen domestic manufacturing. Nvidia has recently announced they plan on developing a 1 million square feet of manufacturing space in Texas, as they believed it would generate approximately $500 billion in AI infrastructure within the next four years. The semiconductor industry remains at t
Description: UK’s Foreign Secretary David Lammy hosted high level government officials from the African Union of Nations, Saudi Arabia, Egypt and the UAE to discuss aid programs and diplomatic efforts to end the war in Sudan. Representatives from the Sudanese government and the RSF weren’t invited as the leaders tried to form a contact group which would spearhead potential peace negotiations. RSF leader General Mohammed Hamdan Hemedti Dagalo subsequently announced the militant group’s plan to follow up on the parallel government initiative which started in Feb. The donor conference concluded with agreed upon aid packages with the UK providing up to $160 million while the EU
Description: Haiti’s transitional Presidential Council has approved the so – called war time budget of approximately $275 million in order to tackle ongoing mounting issues from the erupted gang violence around the country’s capital. The war time budget would be used to bolster Haiti’s security forces and provide support to other socio – economic programs aimed at restoring order in the country. Gangs have ravaged the county into a revolving cycle of violence which contributed to excessive humanitarian crisis. The country hosts a UN – led mission mostly comprised of Kenyan police forces which have so far consistently struggled to establish control and counter the armed gangs
Description: Facing Trump’s tariffs, the South Korean government has announced the support for its domestic semiconductor industry. Government packages to facilitate favorable manufacturing, research and development conditions on the South Korean market are expected to reach $23 billion. The spending would mostly be concentrated around industrial hubs such as the cities of Yongin – si and Pyeongtaek which have attracted substantial flow of both domestic and foreign direct investments from companies such as Samsung and SK Hynix. Subsidies are also planned to incentivize the automotive industry which would be backed by state – run lenders and automotive companies Hyundai and K
Description: British Secretary of State for Trade and Investment, Johnatan Reynolds, has announced that the UK government has secured critical fuel supply from the US and Australia to keep British Steel furnaces running. The approximate operational time the fuel would ensure was projected for a couple of weeks which effectively postpones implementing emergency strategies such as putting the virgin steel company under concession and scouting for potential investors. British Steel was reacquired from its Chinese owners, the Jingye Group, with the passing of an emergency bill on 12 Apr, when the UK government cited national security concerns over the mismanagement of the crucia
Description: Indonesia’s Defense Ministry spokesperson Frega Wenas has dismissed speculations that Indonesia has received an official request from Russia to host an aircraft base in Papua. Reports were initially published by the defense magazine Janes after which Australian Prime Minister Anthony Albanese requested an official response from the Indonesian government as Australia would strenuously object any kind of Russian presence or influence in the region. The situation was further aggravated with the scheduled visit by Russia’s Deputy Prime Minister Denis Manturov on Tuesday, 15 Apr, which raised concerns within Australia’s high ranking government officials. Penny Wong,
Description: The meeting between US Special Envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi on Saturday marked the first contact both countries had with each other within the past ten years. Positive signals came out of Oman after the meeting, although, US President Donald Trump has stated that Iran is continously trying to stall out the negotiations. Unidentified sources with intimate knowledge of the meeting have disclosed that the US has presented additional demands to the Iranian officials mostly regarding their nuclear program. The demands entailed providing the IAEA with unqualified access to all sites across the country for an unspecified period of tim
Description: Chinese President Xi Jinping has launched a tour of visits to countries in Southeastern Asia to discuss establishing or reaffirming existing strategic partnerships. He began his tour in Vietnam where he met his counterpart To Lam to discuss strengthening strategic ties between the two countries in economic times of crisis and uncertainty caused by Trump’s tariffs. According to sources close to both countries, up to 40 agreements of cooperation were signed between the presidents in vital industrial sectors, supply chain industry and bilateral trade of goods. Chinese customs data indicated that countries from Southeastern Asia have surpassed the EU and the US as C
Description: Officials from the Saudi Arabian government have outlined a plan to eliminate Syria’s debt to the World Bank and potentially unlock grants from the institution for the reconstruction of the country. The debt which amounted to $15 million needs to be paid in order for Syria to be eligible to receive any kind of financial support and assistance, both from the IMF (International Monetary Fund) and the World Bank for infrastructure reconstruction projects, salaries of public officials and the revival of the country’s oil industry. US and EU imposed sanctions on the country remained as the current regime’s former ties to Al – Qaeda sparks distrust in its ability to g
Description: Taiwanese President William Lai Ching – te stated that first round of US – Taiwan trade talks were highly productive as the country is seeking a tariff free trade agreement with the US. Lai Ching also stated that negotiations for a potential $100 billion investment in a chip manufacturing factory in the US were also on the table, as Taiwan aims at launching their products on a global scale reducing economic dependence with China. The President concluded his statement by saying that Taiwan already pursued similar bilateral trade agreements with Canada and the UK as it aimed at joining the Comprehensive and Progressive Agreement for Transpacific Partnership (CPTPP