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Nvidia expects $5.5 bn hit as US targets chips sent to China
Nvidia expects $5.5 bn hit as US targets chips sent to China
by  AFP

Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing requirement on the primary chip it can legally sell in China. "First quarter results are expected to include up to approximately $5.5 billion of charges associated with H20 products for inventory, purchase commitments, and related reserves," Nvidia said in the filing. gc/des

Wine consumption falls heavily into the red
Wine consumption falls heavily into the red
by  AFP

Worldwide consumption of wine fell in 2024 to its lowest level in more than 60 years, the main trade body said Tuesday, raising concerns about new risks from US tariffs. Production is also at its lowest level in more than 60 years, having fallen 4.8 percent in 2024 to 225.8 million hl.

Trump resurrects ghost of US military bases in Panama
Trump resurrects ghost of US military bases in Panama
by  AFP

US President Donald Trump's bid to take back control of the Panama Canal has put his counterpart Jose Raul Mulino in a difficult position and revived fears in the Central American country that US military bases will return. - Will US military bases return?

Boeing faces fresh crisis with US-China trade war
Boeing faces fresh crisis with US-China trade war
by  AFP

US aviation giant Boeing, fresh off a crippling labor dispute and quality control crisis, has now found itself drawn into the escalating trade conflict between Washington and Beijing. Last week, Bloomberg reported that China's Juneyao Airlines was delaying delivery of a Boeing widebody aircraft as the growing trade conflict drives up costs of big-ticket products.

Trump says China 'reneged' on Boeing deal as tensions flare
Trump says China 'reneged' on Boeing deal as tensions flare
by  AFP

US President Donald Trump said Tuesday that China has gone back on a major Boeing deal, after a news report that Beijing ordered airlines not to take further deliveries of the US aviation giant's jets. Trump took aim at Beijing again on Tuesday, saying on Truth Social that China did not fully fulfil an earlier trade deal.