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EU says India's Russia links jeopardise closer ties
EU says India's Russia links jeopardise closer ties
Business and Economy
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
Business and Economy
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.

AI may boost global trade value by nearly 40%: WTO
AI may boost global trade value by nearly 40%: WTO
Business and Economy
by  AFP

Artificial intelligence could boost the value of global trade by almost 40 percent by 2040 thanks to cost reductions and productivity gains, the World Trade Organization said Wednesday. "AI holds major promise to boost trade by lowering trade costs and reshaping the production of goods and services," WTO chief Ngozi Okonjo-Iweala said while presenting the report.