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US Treasury official expected to be named IMF's second-in-command: source
US Treasury official expected to be named IMF's second-in-command: source
by  AFP

The US Treasury Department's chief of staff is anticipated to join the International Monetary Fund (IMF) in a key role as its number-two official, a source told AFP on Wednesday. Katz, who is chief of staff at the Treasury, was a senior official in the department during US President Donald Trump's first administration as well.

EU says India's Russia links jeopardise closer ties
EU says India's Russia links jeopardise closer ties
by  AFP

The European Union's top diplomat warned Wednesday that its push for closer ties with India could be hampered by New Delhi's purchases of Russian oil and involvement in military drills with Moscow. US-India ties have been strained since Trump raised tariffs on most Indian exports to 50 percent last month in retaliation for New Delhi's continued purchases of Russian oil.

Nvidia CEO disappointed over China chip ban report
Nvidia CEO disappointed over China chip ban report
by  AFP

Nvidia chief executive Jensen Huang on Wednesday said he was disappointed by a report that Beijing has barred major Chinese tech companies from buying his company's world-leading chips, a crucial component in the generative AI revolution. Beijing has responded by expressing national security concerns about Nvidia chips and urging Chinese businesses to rely on local semiconductor suppliers instead.

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