IMF board signs off on Pakistan review, keeps $7 billion program on track
The International Monetary Fund's (IMF) executive board approved Pakistan’s latest loan review on Monday, unlocking a critical $1.2 billion in finan...
U.S. President Donald Trump announced on Monday that he would allow Nvidia to ship its H200 chips to approved customers in China and other countries, under conditions that prioritize national security concerns.
The decision comes as part of ongoing discussions regarding the export of advanced technology by American companies to China amid rising geopolitical tensions and concerns over technological dominance.
In a post on X (formerly Twitter), Trump stated that the U.S. Department of Commerce is in the process of finalizing the details of this export arrangement, and the same approach will be extended to other major American technology companies such as AMD, Intel, and others.
Trump’s statement indicated that these shipments would proceed only under specific conditions designed to maintain U.S. national security. The details of these conditions have not yet been fully disclosed, but the move reflects the U.S. government's cautious approach to technology exports, especially in fields like artificial intelligence and semiconductors, where competition with China is particularly intense.
In an additional post on Truth Social, Trump announced that "25% will be paid to the United States of America," though it was unclear whether this refers to a tax or a fee associated with the shipments.
The decision to allow these high-tech chips, which are critical for the development of advanced AI systems, to be sent to China follows a series of back-and-forth discussions about the global export of American technology. China has been ramping up efforts to develop its own semiconductor industry, which has been a source of concern for U.S. officials looking to maintain their technological edge.
While this move is seen as a way to manage U.S.-China technological relations, it has also sparked discussions on the broader implications for international trade and the evolving geopolitical landscape. Many experts are closely monitoring the decision to see how it will impact the future of U.S. tech exports, especially to China, and whether it will open the door for further loosening of export restrictions on sensitive technologies.
The shipping of Nvidia’s H200 chips and similar products from companies like AMD and Intel to China and other countries will be closely scrutinized as the U.S. continues to navigate the delicate balance of promoting economic interests while safeguarding national security.
A coup attempt by a “small group of soldiers” has been foiled in Benin after hours of gunfire struck parts of the economic capital Cotonou, officials said on Sunday.
A delayed local vote in the rural Honduran town of San Antonio de Flores has become a pivotal moment in the country’s tightest presidential contest, with both campaigns watching its results as counting stretches into a second week.
Authorities in Japan lifted all tsunami warnings on Tuesday following a strong 7.5-magnitude earthquake that struck off the northeastern coast late on Monday, injuring at least 30 people and forcing around 90,000 residents to evacuate their homes.
Lava fountains shot from Hawaii’s Kīlauea volcano from dawn to dusk on Saturday, with new footage showing intensifying activity at the north vent.
McLaren’s Lando Norris became Formula One world champion for the first time in Abu Dhabi, edging Max Verstappen to the title by just two points after a tense season finale.
The International Monetary Fund's (IMF) executive board approved Pakistan’s latest loan review on Monday, unlocking a critical $1.2 billion in financial support, ensuring that the country’s ongoing IMF program remains on track.
Lando Norris, fresh off securing his first Formula 1 world championship, has confirmed he will proudly race with the No. 1 on his McLaren in the 2026 season.
Several regions in southern and western Russia issued urgent warnings early Tuesday morning about the potential for drone attacks, prompting temporary flight suspensions and airspace closures across multiple areas.
U.S. President Donald Trump on Monday threatened to impose a 5% tariff on Mexico, accusing the country of violating a water-sharing treaty.
Kremlin spokesman Dmitry Peskov confirmed on Monday that Moscow had yet to receive any information regarding the outcome of recent talks in Florida between U.S. and Ukrainian officials, leaving the next steps in the peace negotiations unclear.
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