Category Archives: economy

China ‘nanoseconds behind’ US in chip technology: Jensen Huang

Posted on by
Reply

**China ‘Nanoseconds Behind’ US in Chip Technology: NVIDIA CEO Jensen Huang**

*By Dwaipayan Roy | Sep 28, 2025*

Jensen Huang, CEO and founder of US-based chipmaker NVIDIA, recently stated that China is “nanoseconds behind” the United States in chip technology. He shared these insights during a podcast hosted by tech investors Brad Gerstner and Bill Gurley, highlighting China’s rapid progress and impressive manufacturing capabilities in the semiconductor sector.

### Global Competition and Market Access

Huang advocated for allowing US companies like NVIDIA to operate and compete in China. According to him, this approach benefits both Beijing and Washington by proliferating technology worldwide, thus maximizing America’s economic success and geopolitical influence. He emphasized China’s vast talent pool, strong work ethic, and healthy internal competition among its provinces as key drivers of its tech advancement.

### Investment Prospects and Openness

The NVIDIA CEO expressed hope that China continues to welcome foreign investment. He pointed out that Beijing has committed to maintaining an open market, stating, “What’s in the best interest of China is for foreign companies to invest in China, compete in China, and for them to also have vibrant competition themselves.”

### Market Challenges Amid Geopolitical Tensions

NVIDIA’s graphics processing units (GPUs) are widely recognized as the backbone for artificial intelligence (AI) model training and operations, propelling the company’s market capitalization to record highs. However, geopolitical tensions have complicated sales to China — one of the world’s largest markets.

Earlier this year, the US government abruptly banned exports of H20, a downgraded chip NVIDIA had designed to comply with existing restrictions. The company later resumed shipments after a negotiated 15% levy was agreed upon, highlighting ongoing challenges in the global tech trade landscape.

—

*Jensen Huang’s remarks underscore both the intense competition in semiconductor technology and the critical importance of maintaining open, collaborative markets for innovation and growth.*
https://www.newsbytesapp.com/news/science/here-s-what-jensen-huang-thinks-about-china-s-chip-industry/story

UN reimposes sanctions on Iran after nuclear talks collapse

Posted on by
Reply

**UN Reimposes Sanctions on Iran After Nuclear Talks Collapse**
*By Snehil Singh | Sep 28, 2025 | 03:05 PM*

The United Nations has reimposed sweeping sanctions on Iran, nearly a decade after they were first lifted. These sanctions came into effect following the breakdown of nuclear negotiations between Iran and Western powers. They primarily prohibit transactions related to Tehran’s nuclear and ballistic missile programs and are expected to have a broader impact on Iran’s already struggling economy.

### Diplomatic Efforts

**US Urges Iran to Accept Direct Talks**
US Secretary of State Marco Rubio has called on Iran to “accept direct talks, held in good faith.” He also urged UN member states to “immediately” implement the new sanctions.

Meanwhile, the foreign ministers of the United Kingdom, France, and Germany reiterated their commitment to finding a diplomatic solution to prevent Iran from acquiring nuclear weapons. They further urged Tehran to refrain from any escalatory actions that could worsen the situation.

### Sanctions Impact

**Iran Rejects US Proposal**
Although Iran has allowed UN inspectors back into its nuclear sites, President Masoud Pezeshkian rejected a US proposal for a temporary pause in nuclear activities in exchange for Iran’s entire stockpile of enriched uranium.

An attempt by Russia and China to delay the sanctions enforcement until April was unsuccessful. Germany, which alongside the UK and France initiated the sanctions, stated that it had “no choice” but to proceed, citing Iran’s failure to comply with its obligations.

### Diplomatic Fallout

**Russia Refuses to Enforce Sanctions**
Russia has refused to enforce the sanctions, labeling them invalid. Russian Foreign Minister Sergei Lavrov accused the West of sabotaging efforts to pursue constructive solutions, saying the sanctions “finally exposed the West’s policy” in this regard.

In response to the sanctions, Iran recalled its ambassadors from the UK, France, and Germany for consultations, signaling increased diplomatic tensions.

### Economic Impact

**Renewed Sanctions Hit Iran’s Economy**
The newly reimposed sanctions are already affecting Iran’s economy. Iranian engineer Dariush reports that the exchange rate is climbing while prices continue to rise. On the black market, the US dollar reached a record high of approximately 1.12 million rials on Saturday.

Despite the economic pressure, Brussels-based think tank the International Crisis Group noted that Iran appears dismissive of the sanctions, having already adapted to previous US sanctions over recent years.

—

The reimposition of UN sanctions marks a significant escalation in international efforts to curb Iran’s nuclear ambitions amidst ongoing geopolitical tensions. The coming months will be critical in determining whether diplomacy can still prevail.
https://www.newsbytesapp.com/news/world/sweeping-un-sanctions-hit-iran-as-nuclear-negotiations-completely-collapse/story

China ‘nanoseconds behind’ US in chip technology: Jensen Huang

Posted on by
Reply

**China ‘Nanoseconds Behind’ US in Chip Technology, Says NVIDIA CEO Jensen Huang**

*By Dwaipayan Roy | Sep 28, 2025*

Jensen Huang, CEO and founder of US-based chipmaker NVIDIA, has stated that China is “nanoseconds behind” the United States in chip technology. Huang shared these insights during a podcast hosted by tech investors Brad Gerstner and Bill Gurley, highlighting China’s rapid progress in semiconductor technology as well as its strong manufacturing capabilities.

### Global Competition and Market Access

Huang advocated for allowing US companies, including NVIDIA, to compete fairly in the Chinese market. He argued that enabling such competition would benefit both Beijing and Washington by promoting the global proliferation of advanced technology. According to Huang, this approach would also maximize America’s economic success and enhance its geopolitical influence.

He praised China for having a vast talent pool, a strong work ethic, and healthy internal competition among its provinces—factors that are driving the country’s progress in the tech sector.

### Investment Prospects and Market Openness

Expressing hope that China continues to remain open to foreign investment, Huang noted that Beijing has committed to maintaining an open market. “What’s in the best interest of China is for foreign companies to invest in China, compete in China, and for them to also have vibrant competition themselves,” he stated during the podcast.

### Challenges Amid Geopolitical Tensions

NVIDIA’s graphics processing units (GPUs) are widely regarded as the backbone of artificial intelligence (AI) model training and operations. This critical role has propelled the company’s market capitalization to record highs.

However, sales in China—one of the world’s largest markets—have faced disruptions due to ongoing geopolitical tensions between the US and China. Earlier this year, the US unexpectedly banned exports of H20, a downgraded chip designed to comply with existing restrictions. The ban was later eased following an agreement on a 15% export levy with the US government.

As the global landscape evolves, Huang’s comments underscore the delicate balance between competition, collaboration, and regulation in the semiconductor industry.
https://www.newsbytesapp.com/news/science/here-s-what-jensen-huang-thinks-about-china-s-chip-industry/story

The plastic patriots want to bring Britain down – we won’t let them

Posted on by
Reply

As members, activists, trade unionists, and politicians come together from across the country to fight for working people, we are laser-focused on whose side we’re on and who we’re delivering for. Because that is what phase two of this government is all about: delivery.

Our first year of government was about fixing the foundations and clearing up the mess the Tories left behind after 14 years of neglect and decline. In that time, we have made decisions that only a Labour government would make to change the lives of working people.

Free school meals for an extra half a million children, breakfast clubs, and 30 hours of free childcare will put cash in the pockets of parents, lift hundreds of thousands of children out of poverty, and make life easier for hard-working families.

Five million extra NHS appointments — more than double what we promised in our manifesto — will mean millions of patients will get the care they need, when they need it.

Boosting the minimum wage will ease the burden for the three million lowest-paid during a cost of living crisis.

These are vital changes. But it’s just the beginning, and there’s a lot more to do to get the country back on track for the long term.

That’s because our economy was left to stagnate for 14 years. Skills and training were neglected, and we didn’t build the infrastructure we needed for a modern era. Add that to regional inequality and the last government’s botched Brexit deal, and it’s no wonder many people still don’t feel this country works for them.

Living standards have stagnated, public services have been struggling for years, and small boats are still arriving on our shores.

That’s why we’ve moved into phase two of this government. Our focus remains the same, but we go further.

We are boosting living standards across the country, fixing our public services, getting the NHS fit for the future, and making sure people feel safe in their communities and know their borders are secure.

Our focus remains the same, but we go further.

So at conference, this autumn and beyond, The House readers can expect us to make the reforms we need to make Britain work for working people once more.

That is why we are putting our efforts into investment in training and opportunities, so young people can begin good, well-paid jobs and businesses have the skills they need.

We’re unveiling further plans to tackle regional inequality and ensure growth benefits every corner of the country.

We’ll be focused on building homes and infrastructure like transport and grids, so people have a good standard of living and opportunities across the nation.

And we’re investing in the technologies of the future, like AI, to make workforces more productive and improve people’s lives.

Because we must rewire the country to close the fairness gaps.

These are the gaps between hard work and reward, background, opportunity, and different parts of the country that hold people back.

There isn’t an overnight fix. These problems require solutions for the long term, not sticking plasters.

My government won’t pull that lever.

We have always rejected the politics of the easy answer that others bang the drum for.

On one side, we’ve got the plastic patriots who don’t just want to talk Britain down — they want to bring Britain down. They rely on anger and grievance, so they don’t want things to get better at all.

On the other, we have the plastic progressives who oppose green infrastructure, block housebuilding, and want to take us out of NATO in the most volatile global era in decades.

There is only one patriotic, progressive party: the Labour Party.

There is only one party on the side of working people: the Labour Party.

And there’s only one party that can put the country on the path to renewal and deliver the change people deserve: the Labour Party.

This party conference and beyond, the country will see us doing just that.

Keir Starmer is Prime Minister and Labour leader.
https://www.politicshome.com/opinion/article/plastic-patriots-want-bring-britain-wont-let

‘The picture is grim’: Conservative outlet flags ‘warning signs’ that GOP is losing ground

Posted on by
Reply

The GOP was riding high, but is now being anchored down by a “political dud,” according to a conservative outlet.

The Washington Examiner, widely considered to be right-wing, published a report on Saturday titled, “Chucks in luck? Warning signs ahead for Republicans in next year’s Senate races.”

Just a few months ago, Republicans were riding high, giddy after having passed the One Big Beautiful Bill Act into law. But as the saying goes, a few weeks can be an eternity in politics. And as autumn kicks in, it’s clear that cheer is turning into fear.

The weekend article states, “What gives? And what does it mean for the 2026 Senate races? As is usually the case with midterm elections in the Trump era, the answer is: ‘It’s complicated.'”

According to the report, there is one major concern for the Republicans.

“A big problem facing the GOP as 2026 draws near is that while the tax cuts in the GOP megabill should be popular, the legislation is overall proving to be a political dud with a 64% disapproval rating,” the article notes. This has prompted reports that President Donald Trump is looking to rebrand it as the “Working Families Tax Cut Bill.”

Some voters fret about Medicaid cuts hurting the poor. Others worry about the possibly adverse impact on hospitals. Additionally, many fear the debt and deficit implications.

The article adds, “Add to this that inflation sits higher than it was at the same point last year and about a percentage point above the Federal Reserve’s target rate, and it’s likely Republican Senate candidates will have to run with some semblance of an inflation anchor next year, just as former Vice President Kamala Harris did last year.”

Polling data supports this challenge, with 61% of those surveyed by The Economist and YouGov disapproving of Trump’s handling of inflation.

The situation appears grim, and this outlook does not even account for the historical trend that the party controlling the White House generally tends to do worse in the first midterm election of each presidency.

“Crazy though it may seem, the GOP could indeed be staring down a situation in which Sen. Chuck Schumer (D-NY) ends up back in charge and gridlock once again becomes the name of the game in Washington, D.C.,” the Washington Examiner concludes.
https://www.rawstory.com/gop-picture-is-grim-2026/

High US tariffs pose risk to India’s growth: Crisil

Posted on by
Reply

**High US Tariffs Pose Risk to India’s Growth: Crisil**

*By Akash Pandey | Sep 27, 2025, 05:01 PM*

A recent report by Crisil Intelligence has highlighted significant risks to India’s economic growth due to the high tariffs imposed by the US on Indian goods. These tariffs are expected to impact both Indian exports and investments adversely. However, the report also notes that domestic consumption is likely to remain a key driver of growth, supported by low inflation and prospective rate cuts.

**GDP Growth and Inflation Projections**

India’s GDP growth reached a five-quarter high of 7.8% in the first quarter of FY25-26, up from 7.4% during the same period last year. Despite this positive momentum, nominal GDP growth slowed to 8.8% compared to 10.8% in the previous year, according to Crisil Intelligence.

On the inflation front, the report forecasts that the consumer price index (CPI) inflation will ease to 3.5% in the current fiscal year, down from 4.6% last year. This moderation in inflation is expected to provide further support to economic stability.

**Factors Influencing Inflation Control**

Robust agricultural growth is anticipated to keep food inflation under control, although the full impact of recent excess rainfall is yet to be assessed. Additionally, lower crude oil prices and stable global commodity prices are expected to help contain non-food inflation. These factors combined are likely to play a crucial role in managing India’s inflation rates over the coming months.

**Policy Outlook: RBI Rate Cut Expected**

On the monetary policy front, Crisil Intelligence predicts that the Reserve Bank of India (RBI) will implement one more rate cut during this fiscal year, followed by a pause to assess the effects. Between February and June 2025, the RBI’s Monetary Policy Committee had already cut the repo rate by 100 basis points. The central bank is currently awaiting the full transmission of these previous cuts before making further adjustments to interest rates.

—

*In summary, while high US tariffs present challenges for India’s growth through their impact on trade and investment, domestic factors such as controlled inflation and accommodative monetary policy are expected to sustain economic momentum in the near term.*
https://www.newsbytesapp.com/news/business/us-tariffs-could-impact-india-s-growth-crisil/story

High US tariffs pose risk to India’s growth: Crisil

Posted on by
Reply

**High US Tariffs Pose Risk to India’s Growth: Crisil**

*By Akash Pandey | Sep 27, 2025, 05:01 PM*

A recent report by Crisil Intelligence has highlighted that the high tariffs imposed by the United States on Indian goods could pose a significant risk to India’s economic growth. The September 2025 report emphasizes that these tariffs are likely to affect both Indian exports and investments negatively.

However, despite these challenges, domestic consumption is expected to remain the key driver of growth, supported by low inflation levels and anticipated rate cuts by the Reserve Bank of India (RBI).

**Economic Indicators: GDP Growth and Inflation Projections**

India’s GDP growth reached a five-quarter high of 7.8% in the first quarter of fiscal year 2025-26, up from 7.4% in the same quarter last year. Meanwhile, nominal GDP growth slowed to 8.8% compared to 10.8% during the corresponding period in the previous fiscal year, according to Crisil Intelligence.

On the inflation front, the report projects consumer price index (CPI) inflation to ease to 3.5% this fiscal year, down from 4.6% last year.

**Inflation Control: Factors Influencing Rates**

Robust agricultural growth is expected to help keep food inflation under control. However, the full impact of recent excess rainfall on agricultural output remains to be seen. Additionally, declining crude oil prices and stable global commodity prices are anticipated to contain non-food inflation, further aiding in the moderation of overall inflation rates in the coming months.

**Policy Outlook: RBI Likely to Implement One More Rate Cut**

On the monetary policy front, Crisil Intelligence forecasts that the RBI will introduce one more rate cut during the current fiscal year, followed by a pause. The central bank’s monetary policy committee had already reduced the repo rate by 100 basis points between February and June 2025. The RBI is now expected to await the complete transmission of these cuts before deciding on any further interest rate adjustments.

—

*In summary, while high US tariffs present challenges to India’s export and investment sectors, strong domestic consumption, controlled inflation, and accommodative monetary policy are likely to support the country’s economic growth in the near term.*
https://www.newsbytesapp.com/news/business/us-tariffs-could-impact-india-s-growth-crisil/story

High US tariffs pose risk to India’s growth: Crisil

Posted on by
Reply

**High US Tariffs Pose Risk to India’s Growth: Crisil**

*By Akash Pandey | Sep 27, 2025, 05:01 PM*

A recent report by Crisil Intelligence highlights that the high tariffs imposed by the United States on Indian goods could pose a significant risk to India’s economic growth. The September report cautions that these tariffs may adversely affect both Indian exports and investments.

However, the report also offers a positive outlook, noting that domestic consumption is expected to drive growth going forward. This optimism is supported by low inflation levels and anticipated rate cuts.

**Economic Indicators: GDP Growth and Inflation Projections**

India’s GDP growth reached a five-quarter high of 7.8% in the first quarter of fiscal year 2025-26, rising from 7.4% in the same period last year. Despite this, nominal GDP growth slowed to 8.8% compared to 10.8% in the previous year for the same quarter, according to Crisil Intelligence.

On the inflation front, the report projects that consumer price index (CPI) inflation will ease to 3.5% in the current fiscal year, down from last year’s 4.6%.

**Inflation Control: Factors Influencing Inflation Rates**

The report emphasizes that robust agricultural growth is expected to help keep food inflation in check, though the full impact of recent excess rainfall is still under evaluation.

Additionally, lower crude oil prices and stable global commodity prices are likely to contain non-food inflation. These combined factors will play a crucial role in managing inflation in the coming months.

**Policy Outlook: RBI Likely to Implement One More Rate Cut**

Regarding monetary policy, Crisil Intelligence anticipates that the Reserve Bank of India (RBI) will implement one more rate cut during the current fiscal year, followed by a pause.

The RBI’s Monetary Policy Committee had already cut the repo rate by 100 basis points between February and June 2025. The central bank is now expected to wait for the full transmission of these past cuts before making any further decisions on interest rates.

—

In summary, while high US tariffs present notable challenges to India’s economic growth, strong domestic consumption, controlled inflation, and supportive monetary policy are poised to sustain India’s growth momentum in the near term.
https://www.newsbytesapp.com/news/business/us-tariffs-could-impact-india-s-growth-crisil/story

Finance Ministry Issues Advisory To RBI & Other Financial Institutions To Stop Wasteful Expenses Like Festival Gifts To Curb Non-Essential Expenditure

Posted on by
Reply

**Finance Ministry Advises Against Festival Gifts to Promote Fiscal Discipline Ahead of Diwali**

*New Delhi:* Ahead of Diwali, the Finance Ministry has issued an advisory to all financial institutions, including the Reserve Bank of India, urging them to stop wasteful expenditure such as festival gifts. This move aims to promote fiscal discipline and curb non-essential spending.

Citing an advisory from the Department of Public Enterprises (DPE), the Department of Financial Services (DFS) has directed entities under its administrative control to adhere to this guideline, sources confirmed.

The advisory emerges at a time when the government is actively trying to boost consumption and encourage public spending. Earlier this year, as part of Budget 2025-26, the government provided income tax relief targeting the middle class to stimulate consumption.

Additionally, the government has reduced the Goods and Services Tax (GST) on approximately 375 items through the next-generation GST 2.0 reforms. These reduced rates came into effect from September 22.

According to government estimates, the combined impact of the tax rate cuts and GST 2.0 reforms is expected to add around Rs 2.2 lakh crore to India’s GDP, which is approaching the USD 4 trillion mark. These measures also help mitigate the effects of a steep 50 percent tariff imposed last month by the U.S. Administration on shipments from India.

As part of these efforts, the government is also celebrating the GST Bachat Utsav across the country.

Government-run institutions are among the largest consumers and significantly influence demand, especially during festive seasons. However, the DFS, quoting the DPE advisory, has instructed that no expenditure should be incurred on gifts or related items for Diwali and other festivals by Ministries, Departments, and other organs of the Government of India.

The advisory emphasizes the importance of promoting fiscal prudence and responsible use of public resources. “It has been noticed that there is a prevailing practice of incurring expenditure on gifts on the occasion of Diwali and other festivals in certain Central Public Sector Enterprises (CPSEs),” the DPE advisory dated September 19 stated.

“In the interest of economy and judicious utilization of public resources, it is imperative that such expenditure be discontinued. Accordingly, all CPSEs are requested not to incur expenditure on gifts, etc., for any festival,” the advisory added.

—

*Disclaimer: This story is from a syndicated feed. Only the headline has been edited.*
https://www.freepressjournal.in/business/finance-ministry-issues-advisory-to-rbi-other-financial-institutions-to-stop-wasteful-expenses-like-festival-gifts-to-curb-non-essential-expenditure

BTC Plunges Below $10.9K in ‘Waterfall’ Drop — Crypto Market Cap Falls to $3.82T as Trump Announces New Tariffs

Posted on by
Reply

The cryptocurrency market experienced a pronounced waterfall decline on September 26, with Bitcoin (BTC) briefly falling below $10,900. This represented a loss of over 4% in 24 hours and contributed to a slide in the total market capitalization to approximately $3.823 trillion, down more than 4.5% within the same period.

Seven-day metrics indicate continued downside momentum, with BTC down about 6.32%, Ethereum (ETH) declining over 14%, and the TOTAL3 index (which excludes BTC and ETH) dropping roughly 9.30%.

On the macroeconomic front, recent reports reveal that the administration announced a package of tariffs set to take effect on October 1. These measures include tariffs on heavyduty trucks, furniture, cabinets, and pharmaceutical imports.

Traders and risk managers are advised to closely monitor liquidity and volatility as the markets digest these developments and adjust their positions accordingly.

—

**Secure and Fast Transactions**
Diversify your investments with a wide range of coins. Join now!

**The Easiest Way to Invest in Crypto**
Don’t wait to get started. Click now and discover the advantages!
https://bitcoinethereumnews.com/bitcoin/btc-plunges-below-10-9k-in-waterfall-drop-crypto-market-cap-falls-to-3-82t-as-trump-announces-new-tariffs/?utm_source=rss&utm_medium=rss&utm_campaign=btc-plunges-below-10-9k-in-waterfall-drop-crypto-market-cap-falls-to-3-82t-as-trump-announces-new-tariffs