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☆ DOJ announces arrests in ‘high-end brothel network’ used by elected officials, military officers and others
▼ + stars: | 2023-11-08 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +3 min

CNN —Three individuals have been arrested on charges of operating a “high-end brothel network” in Massachusetts and Virginia with a clientele that included elected officials, military officers and government contractors with security clearances, the Justice Department announced Wednesday. “Pick a profession,” Joshua Levy, acting US attorney for Massachusetts, said of the sprawling client list during a press conference in Boston. The three individuals, Levy said, transported women and advertised them online for pre-approved clients to choose from through several websites and ran the brothels out of apartments they rented. The agent said about 20 sex buyers were interviewed in connection with the multiyear investigation. One customer described getting a text of available options at a brothel, including the women available, the sexual services and the hourly rate.

Persons: “, ” Joshua Levy, “ They’re, ” Levy, Han Lee, James Lee, Junmyung Lee, Levy Organizations: CNN, Justice Department, Homeland Security Investigations Locations: Massachusetts, Virginia, Boston, Massachusetts , California, Cambridge , Massachusetts, Torrance , California, Dedham , Massachusetts

☆ Your world in 10 minutes: Blinken's Mideast meetings
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

US Secretary of State Antony Blinken reaches Turkey in his whirlwind diplomatic tour of the Middle East – after pro-Palestinian protesters tried to storm an air base holding US troops. In Israel’s near ghost town Sderot, one high tech business is carrying on. Plus, the latest Biden poll, a K-pop star questioned over drug use and other top headlines. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. Further ReadingIsraeli strikes on Gaza intensify, pressure mounts over civilian casualtiesRussia, Ukraine give conflicting Zaporizhzhia frontline accountsBusinesses on Israel's Sderot frontline keep trading despite Gaza warPro-Palestinian crowds try to storm air base housing U.S. troops in TurkeyOur Standards: The Thomson Reuters Trust Principles.

Persons: Antony Blinken Organizations: Apple, Google, Reuters, Biden, Thomson, Reading, Gaza Locations: Turkey, Sderot, Ukraine, Gaza, Russia

☆ Nvidia and AMD CEOs: Two of the world’s most powerful tech execs come from the same Taiwanese family
▼ + stars: | 2023-11-05 | by ( Michelle Toh | Wayne Chang | ) edition.cnn.com time to read: +10 min

The chief executives of Nvidia (NVDA) and AMD (AMD) aren’t just two of the most powerful people in the global AI chip industry, they’re also family. “For almost half a century now, Taiwan’s economy has been centered on electronics production, chip assembly, chip manufacturing, chip design, everything semiconductors. According to Nvidia, Huang was born in 1963 in Taipei before moving to the southern city of Tainan. “I would say anyone who logs on the internet is likely touching not just one, but dozens and hundreds of Nvidia and AMD chips,” said Miller. I would say anyone who logs on the internet is likely touching not just one, but dozens and hundreds of Nvidia and AMD chips.

Persons: Taipei CNN — Jensen Huang, Lisa Su, they’re, Su, Jean Wu, Wu, Huang, ” Su, ” Wu, ” Christopher Miller, ”, it’s, there’s, Hwa Cheng, Edith Yeung, Miller, Robyn Beck, AMD’s, Florence Lo, “, Christopher Miller Organizations: Taipei CNN, Nvidia, AMD, CNN, Consumer Technology Association, rockstar, Technology, Bloomberg, Getty, Race Capital, ASUS, Consumer, Massachusetts Institute of Technology, Oregon State University, Stanford University, McKinsey, Associated Press, CTA Locations: Hong Kong, Taipei, Taiwan, United States, China, Silicon Valley, Silicon, Tainan, Thailand, Washington, Kentucky, New York City, Las Vegas, AFP, Santa Clara , California

☆ Microsoft exec says Israel's tech sector could suffer from war with Hamas
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

Israeli national flags flutter near office towers at a business park also housing high tech companies, at Ofer Park in Petah Tikva, Israel August 27, 2020. REUTERS/Ronen Zvulun/File Photo Acquire Licensing RightsJERUSALEM, Nov 1 (Reuters) - A senior Microsoft Israel official expressed concern for the future of Israel's high tech sector due to the country's war with Islamist group Hamas, warning multinational companies may close research and development activities. Tomer Simon, chief scientist at Microsoft Israel's R&D Center, said he expressed his concerns in a letter to Tzachi Hanegbi, Israel's head of the National Security Council, but never received a reply. "The country must create a positive horizon so that multinational companies continue to grow," Simon said, noting that for every tech job, there were five more created that drive Israel's economy. Simon did not cite figures but the government has estimated as much as 15% of tech workers were called to military service.

Persons: Ronen, Tomer Simon, Tzachi, Simon, Israel, Steven Scheer, Alison Williams Organizations: REUTERS, Rights, Microsoft Israel, Hamas, Microsoft, D Center, National Security Council, Thomson Locations: Petah Tikva, Israel

☆ Global EV battery supply chain puzzles over China graphite curbs
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +6 min

Graphite powder, used for battery paste, is pictured in a Volkswagen pilot line for battery cell production in Salzgitter, Germany, May 18, 2022. China dominates the global EV battery supply chain including production of graphite - the single largest component. Graphite companies in the country process both the natural material mined domestically and overseas, as well as synthetic forms. Under the new rules, China will require export permits starting Dec. 1 for high-end synthetic graphite, as well as key forms of natural graphite. NATURAL GRAPHITE HITGlobal companies using natural graphite include Hitachi Chemical, part of Japan's Resonac Holdings Corp (4004.T), South Korea's POSCO Future M (003670.KS) and Japan's Mitsubishi Chemical, which produces natural graphite at two plants in China, according to research firm CRU Group.

Persons: Fabian Bimmer, Sunit Kapur, Zhang Yan, Siyi Liu, Brenda Goh, Satoshi Sugiyama, Heekyong Yang, Seoul ， Paul Lienert, Jing Xu, Dominique Patton, Tony Munroe, David Evans Organizations: Volkswagen, REUTERS, Rights, EV, Qingdao, Reuters, China's Ministry of Commerce, Gotion High Tech, BTR, Material Technology, Hitachi Chemical, Japan's Resonac Holdings Corp, Mitsubishi Chemical, CRU Group, Mitsubishi, Resources, Materials, Thomson Locations: Salzgitter, Germany, Beijing, China, Japan, South Korea, United States, U.S, Shanghai, Ningbo Shanshan, Indonesia, Finland, Japan's, Australia, Mozambique, U.S ., Louisiana, North Carolina, Toyko, Seoul ，, Detroit

☆ European regulator approves Farfetch deal for YNAP, Richemont says
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] A banner to celebrate the IPO of online fashion house Farfetch is displayed on the facade of the of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. Completion of the deal remains subject to "certain other conditions that Richemont and Farfetch are working towards fulfilling", Richemont said, promising a further update "in due course", without providing further detail. Under the terms of the deal unveiled in August 2022, Richemont would sell a stake of 47.5% in loss-making YNAP in exchange for more than 50 million Farfetch shares, and Farfetch could acquire the rest of YNAP through a put and call option arrangement. Bernstein analysts said last week that Farfetch's troubles raised questions for Richemont, which is set to transfer its online business to technology run by Farfetch and provide a $450 million credit facility. Reporting by John Revill and Mimosa Spencer; editing by Friederike Heine, Clarence Fernandez and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Porter, Cartier, Richemont, Farfetch, Bernstein, Bergdorf Goodman, John Revill, Mimosa Spencer, Friederike Heine, Clarence Fernandez, Jason Neely Organizations: New York Stock Exchange, REUTERS, Rights, Yoox, Farfetch, Citi, Thomson Locations: New York, U.S, Richemont, YNAP, Farfetch, Harrods

☆ Canon, known for its cameras, launches ASML challenge with machine to make the most advanced chips
▼ + stars: | 2023-10-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Brian Ach | Getty ImagesCanon , the Japanese firm best known for its printers and cameras, launched a critical tool on Friday it says can help manufacture the most advanced semiconductors around. The latest "nanoimprint lithography" system is Canon's challenge to Dutch firm ASML , which dominates the extreme ultraviolet (EUV) lithography machine space. ASML's tools are required to make the most advanced chips such as those in the latest Apple iPhones which are manufactured by Taiwan's TSMC . For context, the A17 Pro chip inside Apple's iPhone 15 Pro and Pro Max, is a 3nm semiconductor. Both TSMC and South Korea's Samsung, the two biggest advanced chip manufacturing companies, are aiming to make 2nm chips in 2025.

Persons: Brian Ach, Taiwan's TSMC, Canon, hasn't, Kotasthane, ASML Organizations: Getty, Apple, U.S, Canon, Pro, Samsung, Takshashila, CNBC Locations: China, South

☆ Analysis: War with Hamas threatens funding recovery in Israel's vital tech industry
▼ + stars: | 2023-10-10 | by ( Steven Scheer | ) www.reuters.com time to read: +5 min

"This is not a particularly easy time to get investment," he added, noting the number of flights to Israel that have been cancelled. CONFIDENCE EARNEDThat said, Hasson and others expect Israel's tech sector to rebound in the same way it has in past conflicts with Palestinian and Hezbollah militants. Medved said that he believes that Israel will prevail as an tech investment destination. "Historically, every time Israel has gone to war, long term has been a buy side," he said. "That shift may even help push those investors who might have been reluctant (to invest in Israel)," he said.

Persons: Jon Medved, Israel, Maya Eisen Zafrir, Avi Hasson, Hasson, Medved, Arie Zilberstein, Gem's, Ariel Efergan, Hillel Fuld, Steven Scheer, Krystal Hu, Louise Heavens Organizations: Overseas, OurCrowd, Hamas, Silicon Valley Bank, IVC Research, Investment, Startup Nation, Israel, U.S, Insight Partners, Security, Startup, Thomson Locations: Israel's, Israel, Gaza, Egypt, Yom, Silicon, Palestinian, New York, Tel Aviv, Jerusalem

☆ Legal fog over central bank digital currencies "unacceptable", BIS warns
▼ + stars: | 2023-09-27 | by ( Marc Jones | ) www.reuters.com time to read: +2 min

Agustin Carstens leaves after G-20 finance ministers and central banks governors family photo during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. His warning comes as central banks around the world push ahead with central bank digital currency (CBDC) development in a bid to make money more high tech and keep up with the features now offered by cryptocurrencies. Some 11 countries have already launched them and next month the European Central Bank is expected to receive the green light to start work on a digital euro. Carstens, whose organisation is overseeing much of the global test work, said central banks have a mandate to meet public demands and have also made significant investments into CBDCs. "It is simply unacceptable that unclear or outdated legal frameworks could hinder their deployment," added Carstens, the former governor of the Mexico's central bank.

Persons: Agustin Carstens, Yuri Gripas, Marc Jones, Josie Kao Organizations: IMF, Bank, REUTERS, Bank for International, BIS, cryptocurrencies, European Central Bank, Thomson Locations: Washington , U.S

☆ Elon Musk to meet Israel's Benjamin Netanyahu in Silicon Valley
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +4 min

Sept 14 (Reuters) - Israeli Prime Minister Benjamin Netanyahu will meet X owner Elon Musk on Monday in Silicon Valley, an official in Netanyahu's office said on Thursday, and Musk said their talks would focus on artificial intelligence technology. The Israeli official confirmed the meeting with Musk, first reported by the Washington Post, but offered no further details. In Silicon Valley, Netanyahu may try to bolster relations with executives in the high tech sector, a key driver of Israel's economy. Hate speech on X, formerly known as Twitter, has increased dramatically since Musk bought the site last year and loosened safeguards around content moderation. Biden has not met with Netanyahu since the Israeli leader took office for a sixth term in late December.

Persons: Benjamin Netanyahu, Elon Musk, Musk, Netanyahu, Joe Biden, Musk’s, AJ Brown, Biden, Kanjyik Ghosh, Steven Scheer, Lisa Shumaker, Howard Goller Organizations: General Assembly, Washington Post, Post, Center, Defamation League, ADL, The, Defamation, Reuters, West Bank . Foreign, Thomson Locations: Silicon Valley, California, New York, Bengaluru, Jerusalem

☆ The Best Electric Razors for Women for a Smooth Finish
▼ + stars: | 2023-09-12 | by ( Abbie Kozolchyk | ) www.wsj.com time to read: +10 min

Buyers are increasingly going electric—some because electric shavers lead to far less landfill waste than disposable versions you’d replace daily or weekly. The back of the leg calls for pivoting heads, too, says Dr. Sarkar. “Many electric shavers have Lithium-ion batteries,” notes Dr. Sarkar—so carry-on would be your only option. Epilators, which do remove hair this way, sometimes get misclassified as electric shavers. So if you’re looking for something that will literally uproot your hair, electric shavers aren’t right for the job—but epilators are.

Persons: Abbie Kozolchyk, shaver, ”, Ava Shamban, who’s, Braun, Gentle Trimmer, Newton, Papri Sarkar, trimmer, Joshua Zeichner, Sarkar, Remington shaver, “, There’s, don’t, Melissa Dezarate, groomer, Mary Lupo, M.D, Zeichner, you’re, Shamban, you’ll Organizations: Gillette, AA, Mount Sinai, AAA Locations: TikTok, Beverly Hills, Santa Monica, Calif, Germany, Mount, New York City, New Orleans

☆ GlobalFoundries opens $4 billion Singapore expansion fab to meet 'demand for essential semiconductor chips'
▼ + stars: | 2023-09-12 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

A robotic arm moves 300 mm silicon semiconductor wafers inside a sorting machine in a cleanroom at a Globalfoundries Inc. semiconductor fabrication plant. Liesa Johannssen | Bloomberg | Getty ImagesU.S.-headquartered GlobalFoundries announced Tuesday the opening of its $4 billion expansion fabrication plant in Singapore as the contract chipmaker expects "growth in demand for essential semiconductor chips." Singapore supplies 11% of the world's semiconductors, according to the Singapore Semiconductor Industry Association. GlobalFoundries acquired Singapore's Chartered Semiconductor Manufacturing and took over its fabs in 2010. The following June, the Nasdaq-listed semiconductor manufacturer said its first tool had been moved into the Singapore facility.

Persons: Johannssen, GlobalFoundries, chipmaker, Thomas Caulfield, Caulfield, CNBC's Organizations: Inc, Bloomberg, Getty, CNBC, Qualcomm, MediaTek, NXP Semiconductors, 5G, Singapore Semiconductor Industry Association, Partnership, Samsung, Semiconductor Manufacturing, Economic, Board, Nasdaq, CNBC's Sri Locations: Singapore, U.S, Germany

☆ What China’s new smartphone means for Wall Street
▼ + stars: | 2023-09-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Huawei’s feat could mean that Chinese technology has been progressing much faster than previously thought. Before the Bell spoke to Zino about what’s happening and what it means for Wall Street. Huawei’s new smartphone uses an internally developed, very powerful chip that’s manufactured by the Semiconductor Manufacturing International Corporation (SMIC), a partially state-owned Chinese semiconductor foundry. In the long term, this is probably a good thing for the leading semiconductor companies like Nvidia (NVDA) and Qualcomm (QCOM). Furniture companies are in a rutPeople aren’t buying furniture like they used to, reports my colleague Samantha Delouya.

Persons: there’s, Mike Gallagher, Michael McCaul, Angelo Zino, Bell, There’s, they’ve, They’ve, it’s, Anna Cooban, Samantha Delouya, Hooker, “, ” Williams, Laura Alber Organizations: CNN Business, Bell, New York CNN —, Huawei, House, Skyworks, Materials, Semiconductor Manufacturing International Corporation, Nvidia, Qualcomm, Intel, Federal Reserve, West Elm Locations: New York, China, Taiwan, Korea, United States, Asia, Saudi Arabia, Europe, Virginia, Wayfair, Williams, Sonoma

☆ China's Gotion to set up a $2 billion lithium battery plant in Illinois
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

Companies Gotion High tech Co Ltd FollowSept 8 (Reuters) - China's Gotion High-tech Co Ltd (002074.SZ) will set up a $2 billion electric vehicle (EV) lithium battery manufacturing plant in Manteno, Illinois that would create about 2,600 new jobs, the state governor's office said on Friday. "Gotion's battery technology will help to boost e-mobility in North America and the economic and trade exchanges between China and the United States," said Gotion chairman Li Zhen. Gotion will be eligible to receive tax benefits totaling $213 million over 30 years and also get $125 million in capital funding from the U.S. state's Reimagining Energy and Vehicles incentive package. Once completed, the facility in Manteno is expected to produce 10 GWh of lithium-ion battery packs and 40 GWh of lithium-ion battery cells, according to the statement. Reporting by Pratyush Thakur in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Zhen, Pratyush Thakur, Shailesh Organizations: Gotion, Co, Global EV, state's Reimagining Energy, Thomson Locations: Manteno , Illinois, North America, China, United States, Manteno, Bengaluru

☆ It may take decades for China's high tech sector to catch up with the U.S., says economist
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt may take decades for China's high tech sector to catch up with the U.S., says economistDan Wang of Hang Seng Bank (China) discusses the impact of geopolitical tensions on China's economy and technological progress.

Persons: Dan Wang Organizations: U.S, Hang Seng Bank Locations: China

☆ Exclusive: China's Gotion buys 25% stake in Slovak EV battery startup Inobat
▼ + stars: | 2023-09-01 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

LONDON, Sept 1 (Reuters) - Chinese battery maker Gotion High Tech (002074.SZ) is buying a 25% stake in Slovak battery maker Inobat and will provide supply chain and technology support as the startup scales up production of electric vehicle batteries, the companies said on Thursday. Inobat said the investment will provide it access to Gotion's research and development, as well as to the Chinese battery maker's raw materials including lithium, and to cell production and recycling capabilities. Gotion said last year that it plans to locate one third of its production capacity outside China by 2025 to meet growing demand from EV makers and energy storage clients. The Chinese battery maker is building a $2.36 billion plant in Michigan and is looking at setting up an EV battery plant in Morocco with a potential investment of up to $6.3 billion. Inobat has signed declarations of intent with the governments of Spain and Serbia to build EV battery plants, though those agreements are not final.

Persons: Inobat, Li Zhen, Northvolt, Gotion, Nick Carey, Simon Cameron, Moore Organizations: Gotion High Tech, Gotion, Volkswagen, Volvo, Reuters, BlackRock, EV, Thomson Locations: Europe, North America, China, Michigan, Morocco, Spain, Serbia

☆ Container ships are waiting at Asian ports as retailers struggle to shift excess stock
▼ + stars: | 2023-08-25 | by ( Lucy Handley | ) www.cnbc.com time to read: +5 min

As firms making goods from apparel to electronics hold excess stock, there's less of a demand to ship products. This means some vessels are waiting in ports because of sailings being "blanked," or canceled. "We are arranging a contingency plan with alternative services," MSC added. "If you fly to Singapore, you'll see all these ships outside the port … A lot of ships are parked there waiting till there are better yields," he added. Excess stockFlexport, which is at 10th place in CNBC's Disruptor 50 list, regularly surveys customers on how much stock they're holding.

Persons: Andrew Merry, It's, Sanne Manders, there's, Manders, Bernstein, Niels Rasmussen, Rasmussen, it's, Simon Heaney, Heaney Organizations: MSC, CNBC, CMA CGM, Maersk, Baltic and International Maritime Council, Shanghai Shipping Exchange, Blank, Drewry Locations: Singapore Strait, Asia, Europe, —, Singapore, East, North Europe, CNBC's

The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File Photo Acquire Licensing RightsBRUSSELS, Aug 24 (Reuters) - Google will provide more information on targeted advertisements and give researchers more access to data on how its products work, to comply with landmark European Union online content rules, the Alphabet (GOOGL.O) unit said on Thursday. "We will increase data access for researchers looking to understand more about how Google Search, YouTube, Google Maps, Google Play and Shopping work in practice, and conducting research related to understanding systemic content risks in the EU," she said. It will roll out a new Transparency Center for people to access information about its policies on a product-by-product basis. Reporting by Foo Yun Chee; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Charles Platiau, Laurie Richardson, Foo Yun Chee, Devika Organizations: Google, Viva Tech, REUTERS, Rights, European Union, Digital Services, Microsoft, Twitter, HK, DSA, Center, Thomson Locations: Paris, France, U.S

LONDON, Aug 23 (Reuters) - The United States and China may feel some financial detente is wise at this point - even if goading one another plays well domestically. But elements of the once-feared bind of 'mutally-assured financial destruction' (MAFD) still apply. Pulling the rug out from under either - battering U.S. and Chinese demand in effect - seems to make little economic sense at least. America had new markets and investments and a seemingly durable new creditor that kept borrowing rates low and consumption up. Falling China Share of Foreign US Treasury HoldingsChina FX Reserves vs Global ReservesUS Treasury Debt Climbs as Fed Pulls Back'MAFD'But is that where the situation has landed post-pandemic?

Persons: Larry Summers, Summers, Goldman Sachs, Jim O'Neill, O'Neill, Gina Raimondo's, Stephen Jen, Eurizon SLJ, Treasuries, Deepa Babington Organizations: U.S . Treasury Securities, ., Treasury, Foreign US Treasury Holdings China FX, Global Reserves, U.S ., Commerce, U.S, Reuters Graphics Reuters, Reuters, Thomson Locations: United States, China, Washington, Ukraine, Taiwan, Hong Kong, U.S, Beijing, America

I ignored my Dad's advice about saving money and investing until I saw him retire a decade before his peers. Then I watched my Dad retire at least a decade before many of his peers, and my entire perspective changed. My stepmom, on the other hand, never had plans to retire early until she started dating my Dad. Invest aggressively ... and diversifyLike most people, a 401(k) was central to my parents' retirement plan. Because they wanted to retire early, my parents had to have other investments they could rely on for retirement income.

Persons: Lizzie, stepmom, Dad, there's, they've, doesn't, Get, shouldn't, you've, you'll, Thomas, They've, I've Organizations: Service, Acura Integra —, Invest Locations: Wall, Silicon, South Africa, Germany, St, Caribbean, Europe, Panama

☆ Rep. Mike Gallagher: Americans are unwittingly funding China's People's Liberation Army
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Mike Gallagher: Americans are unwittingly funding China's People's Liberation ArmyHouse Select Committee on China Chairman Rep. Mike Gallagher (R-Wis.) joins 'Squawk Box' to discuss rising U.S.-China tensions, why he believes President Biden's executive order restricting U.S. investments in Chinese high tech sectors didn't go far enough,

Persons: Mike Gallagher, Biden's Organizations: People's Liberation Locations: China

☆ Biden to sign strategic partnership deal with Vietnam -Politico
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden speaks on the phone with Russia's President Vladimir Putin about a possible Russian invasion of Ukraine, as Biden spends the weekend at the U.S. presidential retreat at Camp David, in this official White House handout photo released after the call took place in Thurmont, Maryland, U.S., February 12, 2022. The White Acquire Licensing Rights Read moreCAMP DAVID, Maryland, Aug 18 (Reuters) - U.S. President Joe Biden will sign a strategic partnership agreement with Vietnam during a state visit to the Southeast Asian country in mid-September, Politico reported on Friday, citing three people with knowledge of the deal's planning. The agreement will allow for new bilateral collaboration that will boost Vietnam's efforts to develop its high technology sector in areas including semiconductor production and artificial intelligence, Politico said. A source familiar with the plans told Reuters on Friday that Biden was weighing a September trip to a G20 summit to discuss partnership with Vietnam. Reporting by Trevor Hunnicut; writing by Ismail Shakil; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Vladimir Putin, Biden, Trevor Hunnicut, Ismail Shakil, Diane Craft Organizations: U.S, Politico, Reuters, Vietnam, Thomson Locations: Ukraine, Camp, Thurmont , Maryland, U.S, DAVID, Maryland, Vietnam

☆ China wants to keep Russia in a 'Goldilocks' state — not too strong and not too weak
▼ + stars: | 2023-08-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Some analysts have likened the relationship to the tale of "Goldilocks" in which a middle ground is sought, with China wanting its ally Russia to not be either too strong, where it could challenge Beijing, nor too weak where it leaves China ideologically isolated against the West. It could also be seen to embolden the West and cause political instability in Russia, essentially China's backyard. "China, like many Europeans, will also want to avoid a total collapse of Russia, with the nuclear proliferation risks that might pose. China is seen by international observers as being one of the few countries that could exert its influence on Russia in bringing about an end to the war in Ukraine. "There is no way actually for China to make Russia stronger without jeopardizing Chinese interests," he told CNBC.

Persons: Xi Jinping, Vladimir Putin, Alexei Druzhinin, Etienne Soula, Soula, Xie Huanchi Organizations: AFP, Getty, U.S ., Beijing, Alliance, Democracy, German Marshall Fund of, CNBC, Russia, Xinhua News Agency, Research Locations: Russia, U.S, Beijing, Moscow, Ukraine, China, United States, Asia, Kyiv

REUTERS/Charles Platiau/File PhotoWASHINGTON, Aug 3 (Reuters) - Texas won a round in its antitrust lawsuit with Alphabet's (GOOGL.O) Google on Thursday after a U.S. judicial panel refused to pause its decision to return its lawsuit to federal court in Texas. Judicial Panel on Multidistrict Litigation had decided in June to agree to a Texas request to send the lawsuit alleging Google abused its dominance in advertising technology back to the Lone Star state. Texas has argued that a measure which became law in 2022, after the lawsuit was filed, granted state attorneys general the right to choose where an antitrust lawsuit will be litigated. The judicial panel did agree to stay the remand order for seven days to give Google time to appeal to the 2nd U.S. The Texas lawsuit accuses Google of violating the law by dominating the process that advertisers use to put ads online.

Persons: Charles Platiau, Diane Bartz, Jonathan Oatis Organizations: Google, Viva Tech, REUTERS, Texas, The U.S, Multidistrict Litigation, Lone Star, U.S, Circuit, Appeals, Thomson Locations: Paris, France, Texas, The, New York, Eastern

REUTERS/David BrunnstromWASHINGTON, Aug 2 (Reuters) - Mongolia will deepen cooperation with Washington to mine rare earths, the country's Prime Minister L. Oyun-Erdene said on a visit to Washington on Wednesday, but he warned that a "new Cold War" between the U.S. and China would harm the global economy. Mongolia has extensive deposits of rare earths and copper, which are vital for high tech applications including defense equipment and for President Joe Biden's efforts to electrify the auto market to help stave off climate change. "We have discussed our potential cooperation in mining rare earths, critical minerals, including copper," said Oyun-Erdene, who spoke through a translator. "I fear that the new Cold War will be very different and (more) difficult from the first Cold War," he said, pointing to rapid technological change and global problems like climate change. "We cannot bear a new Cold War situation."

Persons: Genghis Khan, Simon Lewis, David Brunnstrom WASHINGTON, Erdene, Joe Biden's, Kamala Harris, Tesla, Elon Musk, Antony Blinken, Biden, David Brunnstrom, Sonali Paul Organizations: Reuters, REUTERS, country's, U.S, U.S . State Department, Mr, NASA, Polar Star, Thomson Locations: Mongolian, Washington , U.S, Mongolia, Washington, China, United States, U.S, Russia, California, Ukraine, Asia, Beijing, Moscow

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