Latest news with #US-approved
BusinessToday
05-07-2025
- Business
- BusinessToday
Trump Administration Moves To Curb AI Chip Exports To Malaysia, Thailand
The Trump administration is drafting new export controls that would restrict shipments of advanced artificial intelligence (AI) chips from companies like Nvidia Corp to Malaysia and Thailand, in a renewed effort to curb alleged smuggling of semiconductors into China, according to sources familiar with the matter. Bloomberg reported that the draft rule, still under review by the Commerce Department, is aimed at closing loopholes that US officials believe may be allowing restricted chips to reach China via intermediaries in Southeast Asia. The move builds on earlier Biden-era restrictions but reflects a broader push by the Trump administration to tighten control over the flow of critical technology. Under the proposed measure, US chipmakers would face new licensing requirements to export AI processors to the two countries. However, the rule is expected to include temporary exemptions and carveouts for companies based in the US and allied nations, as well as safeguards to avoid disrupting semiconductor supply chains, particularly in chip packaging and assembly, where Southeast Asia plays a vital role. The crackdown comes amid a sharp increase in AI chip shipments to Malaysia and growing US concerns over data centre projects in the region, including those backed by Oracle Corp. Prosecutors in neighbouring Singapore have also charged individuals over alleged misrepresentation of chip destinations, with AI servers possibly rerouted from Singapore to Malaysia. Nvidia, while not implicated, is at the centre of these efforts given its dominance in the AI chip market. Though US allies and tech firms have pushed back on some aspects of the previous AI diffusion rules, Washington appears determined to preserve and strengthen chip curbs targeting China. Commerce Secretary Howard Lutnick recently testified that AI chips could still be sold to allies but only if deployed via US-approved cloud and data centre operators. Malaysia and Thailand have not publicly responded to the draft rule. Nvidia declined to comment. If implemented, the regulation would mark the Trump administration's first formal step in reshaping US AI export policy, one that could have wide-ranging implications for Southeast Asia's growing role in the global semiconductor ecosystem. Related
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First Post
19-06-2025
- Business
- First Post
FirstUp: Trump to extend TikTok sale deadline for third time and other top news today
US President Donald Trump is expected to grant ByteDance, the parent company of TikTok, another 90 days to finalise a deal to sell the app to a US-approved firm. This will be the third extension of the deadline, which was originally set to expire today and has already been pushed back twice. Meanwhile, bypolls are set to take place today for five assembly seats across four states: Punjab, West Bengal, Gujarat and Kerala read more This will be the third time the deadline has been extended. Reuters/File Photo A deadline extension for TikTok in the US by Donald Trump, bypolls for five seats across four Indian states, the sentencing of Chinese student Zhenhao Zou by a London court, and Aung San Suu Kyi's 80th birthday in Myanmar, several events are lined up for today. TikTok's deadline to sell or face a ban in the US ends today. This is the second time the deadline has run out. Now, Donald Trump is expected to give the app 90 more days. STORY CONTINUES BELOW THIS AD Here's a quick look at these and other key developments to watch: Donald Trump to extend TikTok sale deadline US President Donald Trump is set to give ByteDance, the parent company of TikTok, more time to reach a deal to sell the app to a US-approved firm. This will be the third time the deadline has been extended. The current deadline, set to end today, was already pushed twice before. On Tuesday, White House Press Secretary Karoline Leavitt said the president plans to sign an executive order to extend the deadline by another 90 days. The TikTok logo is seen in this illustration. Reuters Last year, a law passed by Congress and signed by former President Joe Biden gave ByteDance nine months to sell TikTok or face a full ban across the country. Despite that law, the app will remain available for its 170 million users in the US, at least for now. Lawmakers had supported the measure after raising concerns over national security due to TikTok's Chinese ownership. Myanmar's Aung San Suu Kyi turns 80 Myanmar's Aung San Suu Kyi , who remains in jail, turns 80 today. The Nobel Peace Prize winner is serving a 27-year sentence. She was arrested during a military coup in 2021, which removed the democratically elected government. Her son, Kim Aris, had earlier launched a global campaign to collect 80,000 birthday wishes to celebrate her 80th birthday. She was arrested during a military coup in 2021. Reuters/File Photo In a video message, Aris said: 'The Suu 80 Birthday Wishes campaign offers a simple and secure way for individuals worldwide to upload a birthday wish honouring [Ms Suu Kyi's] 80th birthday. Everyone can upload a birthday wish, free of charge". STORY CONTINUES BELOW THIS AD The campaign ran from June 4 to 19. Bypolls in four assembly seats Bypolls will be held today for five assembly seats across four states: Punjab, West Bengal, Gujarat and Kerala. Opposition parties, including Congress, AAP, Trinamool Congress and CPI(M), will contest against each other as well as the BJP. Voting will take place today, and the results will be announced on June 23. The outcome may help parties shape a favourable narrative ahead of state elections. West Bengal and Kerala vote in 2026, while Punjab and Gujarat go to the polls in 2027. Sentencing of Chinese student Zhenhao Zou in London Sentencing will take place today in London for Zhenhao Zou, a Chinese student found guilty in March of drugging and raping 10 women in the UK and China. British police believe he may have attacked as many as 50 women. Zou, 28, lived in south London and used dating apps and other online platforms to meet women. According to London's Metropolitan Police, he would invite them to his home under the guise of studying or having drinks, then drug them. He filmed himself raping and sexually assaulting them while they were unconscious, and later kept some of their jewellery and clothes. Zou, 28, lived in south London and used dating apps and other online platforms to meet women. Reuters/File Photo He was convicted of 28 charges at Inner London Crown Court, including 11 counts of rape. Authorities have so far been able to identify only two of the 10 victims. STORY CONTINUES BELOW THIS AD Zou, originally from Dongguan in Guangdong Province, came to the UK in 2017 and began his PhD at University College London in 2019. With inputs from agencies
News18
18-06-2025
- Business
- News18
Stocks To Watch: Hindustan Zinc, Delhivery, Vedanta, PNB, Ola Electric, And Others
Last Updated: Stocks to watch: Shares of firms like Hindustan Zinc, Delhivery, Vedanta, PNB, Ola Electric, and others will be in focus on Wednesday's trade Stocks to Watch on June 18, 2025: Markets continued their consolidation phase, ending nearly 0.5% lower in the previous session. On Wednesday, shares of Polycab India, Hindustan Zinc, Delhivery, M&M, Vishal Mega Mart, and others will be in focus due to significant corporate announcements and deals. Polycab India has bagged a massive Rs 6,447.54 crore contract from BSNL under the BharatNet initiative. As the implementing agency for Karnataka, Goa, and Puducherry, the company will handle the design, construction, and maintenance of the region's digital infrastructure. Hindustan Zinc Vedanta Group's Hindustan Zinc will invest Rs 12,000 crore over three years to boost its refined metal capacity by 250 KTPA. This is part of its broader goal to nearly double capacity in five years, alongside scaling up mining and milling operations. Delhivery The Competition Commission of India (CCI) has cleared Delhivery's acquisition of a controlling stake in Ecom Express for Rs 1,407 crore—signaling a key consolidation in India's logistics space. Vishal Mega Mart Promoter Samayat Services LLP sold a 19.6% stake in Vishal Mega Mart for Rs 10,220 crore. Leading mutual funds including SBI, Kotak Mahindra, and HDFC were among the buyers. At its 80th AGM, L&T Chairman S. N. Subrahmanyan shared updates on the company's progress in clean energy, including green hydrogen electrolysers and access to US-approved small modular reactor (SMR) tech—positioning L&T at the forefront of India's nuclear energy transition. Mahindra & Mahindra (M&M) M&M received CCI approval to acquire a 58.96% stake in commercial vehicle manufacturer SML Isuzu for Rs 1,554.60 per share. The transaction includes 43.96% from Sumitomo, 15% from Isuzu Motors, followed by an open offer for an additional 26%. UGRO Capital UGRO Capital will acquire 100% of Profectus Capital for Rs 1,400 crore in an all-cash deal, funded via recent capital raises and internal accruals. The transaction is expected to close in 2–3 months. Ola Electric Mobility In a driver-friendly move, Ola Electric has scrapped commission fees across all services—autos, bikes, and cabs—allowing drivers to retain 100% of their earnings. Tata Power Tata Power Renewable Energy has rolled out its 'Ghar Ghar Solar" campaign in Bhubaneswar, offering rooftop solar systems starting at just Rs 2,499 for 1 kW—boosting access to clean energy across Odisha. GMR Airports GMR Airports reported handling over 1 crore passengers in May 2025. While domestic traffic remained steady, international traffic grew 2.9% YoY. Aircraft movements rose 6.3% to nearly 65,000. RailTel RailTel received a Letter of Intent from ZENICS for the Rs 43.99 crore Mizo Fibre Grid Network (MFGN) project, aiming to boost digital connectivity in Northeast India. First Published: News business » markets Stocks To Watch: Hindustan Zinc, Delhivery, Vedanta, PNB, Ola Electric, And Others
Yahoo
27-05-2025
- General
- Yahoo
Chaos erupts on first day of US-backed aid distribution in Gaza after weeks of hunger
Thousands of Palestinians overran a newly established aid site in southern Gaza on Tuesday that is part of a controversial new Israeli- and US-approved aid distribution mechanism that began on Tuesday after months of blockade. Videos from the distribution site in Tel al-Sultan, run by the Gaza Humanitarian Foundation (GHF), showed large crowds storming the facilities, tearing down some of the fencing and appearing to climb over barriers designed to control the flow of the crowd. A diplomatic official called the chaos at the site 'a surprise to no one.' An 11-week Israeli blockade on humanitarian aid has pushed the enclave's population of more than 2 million Palestinians towards famine and into a deepening humanitarian crisis, with the first resumption of humanitarian aid trickling into the besieged enclave last week. The GHF acknowledged the pandemonium, saying 'the GHF team fell back to allow a small number of Gazans to take aid safely and dissipate. This was done in accordance with GHF protocol to avoid casualties.' A security source said American security contractors on the ground did not fire any shots and that operations would resume at the site on Wednesday. 'It's a big failure that we warned against,' said Amjad al-Shawa, director of Palestinian Non-Governmental Organizations Network. 'If Israel believes that through this blockade and emboldening starvation, which violates humanitarian principles, that this distribution method would work, they are mistaken.' GHF said it has distributed about 8,000 food boxes totaling 462,000 meals in Gaza so far. They say the flow of meals will increase each day, with a goal of delivering food to 1.2 million – 60% of Gaza's population – by the end of the week. The GHF claimed it began operating on Monday, but photos from the organization showed only a handful of people carrying boxes of aid, with pallets of boxes sitting at an otherwise empty lot. GHF is readying three additional sites for the distribution of aid, two of which are in southern Gaza and one in central Gaza. All of the sites in the south are in an area that fell under a massive evacuation order one day earlier. There are no distribution sites in northern Gaza – a point of criticism from many aid experts. The UN has previously warned that the fact the initial sites were only in southern and central Gaza could be seen as encouraging Israel's publicly stated goal of forcing 'the entire Gazan population' out of northern Gaza, as Defense Minister Israel Katz put it earlier this month. 'This mechanism appears practically unfeasible, incompatible with humanitarian principles and will create serious insecurity risks, all while failing to meet Israel's obligations under international law,' the UN Office for the Coordination of Humanitarian Affairs wrote earlier this month in a document obtained by CNN. The United Nations said on Tuesday that Israel continues to deny it authorization to deliver food directly to families in Gaza, but they have thousands of trucks ready to enter the strip. The UN Relief and Works Agency for Palestine Refugees (UNRWA) said it was ready, with other humanitarian organizations, 'to distribute meaningful quantities of aid the moment we are allowed to.' 'The amount of supplies that were permitted to enter the Gaza Strip has been so minimal that they have not even reached families outside of one small area,' UNRWA said in a statement. Israel and the US had declined to name the humanitarian organizations involved in the controversial new mechanism, but images from the GHF showed boxes labeled 'Rahma Worldwide,' a Michigan-based non-profit organization that says it provides 'aid and assistance to the most vulnerable communities in the world.' This is a developing story and will be updated.
CNN
27-05-2025
- General
- CNN
Chaos erupts on first day of US-backed aid distribution in Gaza after weeks of hunger
Thousands of Palestinians overran a newly established aid site in southern Gaza on Tuesday that is part of a controversial new Israeli- and US-approved aid distribution mechanism that began on Tuesday after months of blockade. Videos from the distribution site in Tel al-Sultan, run by the Gaza Humanitarian Foundation (GHF), showed large crowds storming the facilities, tearing down some of the fencing and appearing to climb over barriers designed to control the flow of the crowd. A diplomatic official called the chaos at the site 'a surprise to no one.' An 11-week Israeli blockade on humanitarian aid has pushed the enclave's population of more than 2 million Palestinians towards famine and into a deepening humanitarian crisis, with the first resumption of humanitarian aid trickling into the besieged enclave last week. The GHF acknowledged the pandemonium, saying 'the GHF team fell back to allow a small number of Gazans to take aid safely and dissipate. This was done in accordance with GHF protocol to avoid casualties.' A security source said American security contractors on the ground did not fire any shots and that operations would resume at the site on Wednesday. 'It's a big failure that we warned against,' said Amjad al-Shawa, director of Palestinian Non-Governmental Organizations Network. 'If Israel believes that through this blockade and emboldening starvation, which violates humanitarian principles, that this distribution method would work, they are mistaken.' GHF said it has distributed about 8,000 food boxes totaling 462,000 meals in Gaza so far. They say the flow of meals will increase each day, with a goal of delivering food to 1.2 million – 60% of Gaza's population – by the end of the week. The GHF claimed it began operating on Monday, but photos from the organization showed only a handful of people carrying boxes of aid, with pallets of boxes sitting at an otherwise empty lot. GHF is readying three additional sites for the distribution of aid, two of which are in southern Gaza and one in central Gaza. All of the sites in the south are in an area that fell under a massive evacuation order one day earlier. There are no distribution sites in northern Gaza – a point of criticism from many aid experts. The UN has previously warned that the fact the initial sites were only in southern and central Gaza could be seen as encouraging Israel's publicly stated goal of forcing 'the entire Gazan population' out of northern Gaza, as Defense Minister Israel Katz put it earlier this month. 'This mechanism appears practically unfeasible, incompatible with humanitarian principles and will create serious insecurity risks, all while failing to meet Israel's obligations under international law,' the UN Office for the Coordination of Humanitarian Affairs wrote earlier this month in a document obtained by CNN. The United Nations said on Tuesday that Israel continues to deny it authorization to deliver food directly to families in Gaza, but they have thousands of trucks ready to enter the strip. The UN Relief and Works Agency for Palestine Refugees (UNRWA) said it was ready, with other humanitarian organizations, 'to distribute meaningful quantities of aid the moment we are allowed to.' 'The amount of supplies that were permitted to enter the Gaza Strip has been so minimal that they have not even reached families outside of one small area,' UNRWA said in a statement. Israel and the US had declined to name the humanitarian organizations involved in the controversial new mechanism, but images from the GHF showed boxes labeled 'Rahma Worldwide,' a Michigan-based non-profit organization that says it provides 'aid and assistance to the most vulnerable communities in the world.' This is a developing story and will be updated.
