Taiwanese server maker Inventec said on Tuesday that a decision on whether Nvidia will be able to sell its H200 artificial intelligence chip in China "appears to be stuck on the China side". The U.S. formally approved the chip for export to China last week with some conditions. Reuters reported last week that Chinese customs authorities told customs agents that the H200 chip was not permitted t...
Taiwanese server maker Inventec said on Tuesday that a decision on whether Nvidia will be able to sell its H200 artificial intelligence chip in China "appears to be stuck on the China side". The U.S. formally approved the chip for export to China last week with some conditions. Reuters reported last week that Chinese customs authorities told customs agents that the H200 chip was not permitted to enter China though it was not clear whether this constituted a formal ban or a temporary measure.
Economists aren't sure what will happen with the U.S. and global economies. Certain prognosticators see a weakening domestic labor market as an indicator that economic growth will slow, and forecast a recession will soon be upon us. However, even if it doesn't occur in 2026, at some point, the U.S. will enter a recession . That will undoubtedly hurt stock prices. But not all companies, and hence s...
Economists aren't sure what will happen with the U.S. and global economies. Certain prognosticators see a weakening domestic labor market as an indicator that economic growth will slow, and forecast a recession will soon be upon us. However, even if it doesn't occur in 2026, at some point, the U.S. will enter a recession . That will undoubtedly hurt stock prices. But not all companies, and hence stock prices, will be affected the same way during a slowdown. While many retailers' sales have already been hurt by consumers stressed by higher prices and an uncertain job market, how will venerable retailer Walmart (NASDAQ: WMT) fare? Continue reading
D-Wave's recent acquisition announcement and a major technological breakthrough with implications for scalability help to set it apart amid setbacks for rivals.
D-Wave's recent acquisition announcement and a major technological breakthrough with implications for scalability help to set it apart amid setbacks for rivals.
Botswana is resigned to a prolonged period of weak diamond prices with serious implications for the budget of the southern African nation, where the gems are a vital source of income. The Finance Ministry warned that mineral revenues could end the 2025-2026 financial year at just 10.3 billion pula ($744 million), less than half of the 25.3 billion pula historic average. “The recovery in mineral re...
Botswana is resigned to a prolonged period of weak diamond prices with serious implications for the budget of the southern African nation, where the gems are a vital source of income. The Finance Ministry warned that mineral revenues could end the 2025-2026 financial year at just 10.3 billion pula ($744 million), less than half of the 25.3 billion pula historic average. “The recovery in mineral revenue is expected to be prolonged,” it wrote in a strategy paper ahead of the annual budget next month. “The shortfall is likely to persist over the medium to long term with a possibility of a non-recovery.” Read More: De Beers Cuts Diamond Prices for The First Time in Over a Year De Beers on Monday announced it was cutting diamonds prices for the first time since late 2024, bowing to slumping demand as Chinese luxury spending retreats, the popularity of synthetic stones rises and US tariffs hit India, the world’s largest diamond exporter. The Finance Ministry said rough diamonds were expected to sell at $99.3 per carat at the end of 2025 compared with $128.8 in 2024, extending pressure on Botswana’s public finances. “In the context of elevated macro-fiscal pressures, government will prioritize restoring fiscal sustainability by strengthening expenditure discipline,” the paper said, noting the budget deficit was projected to narrow to 3.3% of gross domestic product in 2025/26 from 4.2% for 2024/25.