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Washington on Tuesday said it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others. It also restricted a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklisted Chinese chip designers Moore Threads and Biren. China's CSI Semiconductor Index (.CSI931865) dropped 1.4% on Wednesday following the announcement, while the STAR Chip Index (.STARCHIP) lost 1.2%. AI stocks were further hit after the U.S. announced further controls on Nvidia chip exports to China, UBS wrote in a note to clients. Moore Threads said it was communicating with all parties involved and evaluating the impact.

Persons: Janet Yellen, Mark Schiefelbein, Biden, Moore, Yang Wang, Charlie Chai, Xi Jinping, Biren, Shen Yiming, Bernadette Baum, Kirsten Donovan Organizations: Treasury, Rights, Washington, Nvidia, CSI Semiconductor, U.S, UBS, Biren, Thomson Locations: United States, Diaoyutai, Beijing, China, Rights SHANGHAI, BEIJING, U.S, Iran, Russia

☆ A portfolio manager behind a 95th-percentile growth fund gives a blueprint for finding successful stocks — and shares where to find long-term winners as the economy slows
▼ + stars: | 2023-10-17 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Despite a recent hiccup, growth stocks are in style as concerns about the US economy persist. Growth stocks may generate earnings quickly, but that doesn't mean stock-pickers should rush to sell them — even after letdowns like a disappointing quarter. Every stock in the 52-year-old growth fund has tailwinds like sustainable earnings growth and defendable competitive advantages, Humphrey said. Valuation is an afterthought for some growth managers, but not those on Humphrey's team. Along with Meta Platforms (META), the USAA Victory Growth Fund's top holdings include streaming media titan Netflix (NFLX) and communications conglomerate Alphabet (GOOGL).

Persons: It's, Lance Humphrey, Humphrey Organizations: Growth, Victory Capital Management, Companies, Federal Reserve, Meta, Netflix, Biotech, Vertex Pharmaceuticals

☆ Jerusalem Catholic Patriarch offers to be exchanged for Gaza hostages
▼ + stars: | 2023-10-16 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

[1/2] Cardinal Pierbattista Pizzaballa OFM looks on after being elevated to the rank of cardinal at the Vatican, September 30, 2023. Cardinal Pierbattista Pizzaballa, the Patriarch of Jerusalem, made his comment in response to a question during a video conference with journalists in Italy. Diplomatic efforts have been intensifying to get aid into Gaza as Israel prepares a ground invasion to destroy Hamas. Pizzaballa said that about 1,000 Christians were sheltering in Church buildings in northern Gaza after their homes were destroyed in Israeli strikes. Hamas, which runs Gaza, has told people to ignore Israel's message.

Persons: Cardinal Pierbattista Pizzaballa, Yara, Pope Francis, Pizzaballa, Gazans, Philip Pullella, Nick Macfie Organizations: Vatican, REUTERS, CITY, Hamas, Roman Catholic, Authorities, Thomson Locations: Gaza, Jerusalem, Italy, Israel, Jordan, Cyprus, Church

☆ U.S. tackles loopholes in curbs on AI chip exports to China
▼ + stars: | 2023-10-16 | by ( ) www.cnbc.com time to read: +4 min

The latest crackdown on tech exports to China coincides with U.S. efforts to thaw difficult relations between the world's two largest economies. One, named the H800, has as much computing power at some settings used in AI work as the company's more powerful but blocked H100 chip. The U.S. now plans to introduce new guidelines for AI chips that will restrict certain advanced datacenter AI chips that are not currently captured, the U.S. official said. In order to keep AI chips the U.S. views as too powerful from China, the official said the U.S. planned to remove one of the parameters — the "bandwidth parameter" — it has used to restrict exports of certain AI data center chips. This would likely mean the speed at which AI chips talk to each other would be reduced.

Persons: Qilai Shen, Biden Organizations: Bitmain Technologies, Artificial Intelligence, Bloomberg, Getty, U.S, Reuters, U.S . Department of Commerce, Nvidia, The, Commerce Department Locations: Shanghai, China, Beijing, United States, Washington, The U.S, Santa Clara , California, U.S

☆ Sam Bankman-Fried may need a Hail Mary if he wants to win over jurors
▼ + stars: | 2023-10-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Nishad Singh, former director of engineering at FTX, arrives at federal court in New York on Monday. Whether or not to testify is case-dependent, and clients take a big risk in opening themselves up to cross-examination by prosecutors. The Adderall issueSam Bankman-Fried, center, has pleaded not guilty to seven federal counts of fraud and conspiracy. So he’s only getting one in the morning before he’s transferred to the courthouse and one in the evening. While they have not yet presented their case, Bankman-Fried’s lawyers have repeatedly failed to stick the landing when it comes to cross-examining the government’s witnesses.

Persons: CNN Business ’, Sam Bankman, Mary, Nishad Singh, Yuki Iwamura, wouldn’t, ”, Jordan Estes, Kramer Levin, Estes, aren’t, Hail Mary, Elizabeth Williams, Mark Cohen, he’s, Cohen, hasn’t, Fried, Bankman, ” Cohen, Caroline Ellison, you’ll Organizations: CNN Business, New York CNN, Alameda Research, Bloomberg, US Attorney’s, Hail, AP, Metropolitan Detention, of Prisons Locations: New York, Manhattan, Bankman, Alameda, FTX

☆ In the Market: Inside a startup’s struggle in a higher-for-longer world
▼ + stars: | 2023-10-16 | by ( Paritosh Bansal | Thomson Reuters | Paritosh Oversees The Work Of More Than Journalists Across The Globe Who Write About Finance | ) www.reuters.com time to read: +6 min

Marvel, a unit of Walt Disney (DIS.N), initially planned to use Tractiv's software in a post-production process, documents show. They provide rare, sometimes blow-by-blow insight into the hardship facing startups, key drivers of American innovation. In February 2021, Tractiv got a major break when it gave a demonstration of the software to venture capital firms. The next few months Tractiv had a series of conversations with major financial services companies, including banks such as JPMorgan Chase (JPM.N). Several showed interest in Tractiv's software but did not buy it.

Persons: Beresford Hodge, Walt Disney, Drew Orsinger, Tractiv's, they're, Mark Almeida, Tractiv, Orsinger, Hans Morris, Morris, JPMorgan Chase, Jan, Nyca, Nyca's Morris, Paritosh Bansal, Anna Driver Organizations: Walt Disney Studios, REUTERS, Tractiv, Marvel Studios, Marvel, Walt, Disney, Hollywood, Venture, Reuters, SpaceX, CME Group, Honeywell, Nyca Partners, JPMorgan, Thomson Locations: London, Britain, Tractiv, headwinds

☆ In the Market-Inside a startup’s struggle in a higher-for-longer world
▼ + stars: | 2023-10-16 | by ( Paritosh Bansal | Thomson Reuters | Paritosh Oversees The Work Of More Than Journalists Across The Globe Who Write About Finance | ) www.reuters.com time to read: +6 min

U.S. Bankruptcy Judge David Jones, who oversees more major Chapter 11 cases than any other U.S. judge, is seen in a screenshot from video shot during a virtual interview with Reuters done from Houston, Texas, U.S. December 11, 2020. Jones had already stepped back from overseeing large bankruptcy cases and began reassigning them to two other judges on the court. Until December 2022, Freeman had been a partner at Jackson Walker, a local law firm that filed many cases in Jones' Houston courthouse. Ethics experts have said the undisclosed relationship casts doubt on the integrity of Jones' court. "From the time we first learned of this allegation Ms. Freeman was instructed not to work or bill on any cases before Judge Jones.

Persons: David Jones, Randy Crane, Jones, Elizabeth Freeman, Freeman, Jackson Walker, Judge Jones, Shubhendu Deshmukh, Bill Berkrot, Alexia Garamfalvi Organizations: Reuters, REUTERS, Staff, U.S . Chief U.S, District, Southern, Southern District of Texas, Circuit, McDermott International, Tehum Care Services, U.S . Trustee, Department of, Thomson Locations: Houston , Texas, U.S, Houston, Southern District, New Orleans, Jones ' Houston, Debtwire, Bengaluru

☆ Analyst: Israel’s costly misunderstanding of Hamas’ true aims
▼ + stars: | 2023-10-15 | by ( Peter Bergen | ) edition.cnn.com time to read: +32 min

Bergen: How does Hamas impact the more secular Palestinian Authority, which controlled Gaza until 2007 before Hamas violently pushed them aside? They don’t have any other aims like Hamas because Hamas is a religious, social, political movement and terror organization at the same time. Yousef Masoud/The New York Times/Redux Smoke rises after Israeli strikes on the seaport of Gaza City on Tuesday, October 10. Tamir Kalifa/The New York Times/Redux Palestinians walk amid the rubble following Israeli airstrikes in Gaza City on October 10. Erik Marmor/AP Six-month-old Sama Alwadia is rescued from the rubble in Gaza City on October 9.

Persons: Peter Bergen, ”, CNN — Kobi Michael, Michael, Kobi Michael, Mohammed Deif, Marwan Issa, He’s, he’s, Deif, Israel, They’ve, Israel doesn’t, It’ll, Hatem Ali, Antonio Macías, Macías, Francisco Seco, Fatima Shbair, Mohammed Saber, Eli Albag, Liri, Mohammed Talatene, Sergey Ponomarev, Violeta Santos Moura, Dor Kedmi, Mahmud Hams, Saher, Hatem Moussa, Abraham Cohen, Valentin Ghnassia, Ghnassia, Alexi J . Rosenfeld, Yuri Cortez, Yousef Masoud, Ibrahim Hams, Bashar Taleb, Baz Ratner, Jack Guez, Khan, Abed Rahim Khatib, Yahya Hassouna, Mapal Adam, Abed Zagout, Tamir Kalifa, Agha, Ibraheem Abu Mustafa, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, Mohammed Salem, CNN Sergey Ponomarev, Mohammed Abed, Eden Guez, Atef Safadi, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Belal Khaled, Samar Abu, Amir Cohen, Ilai Bar Sade, Erik Marmor, Ali Jadallah, Oren Ziv, Ronen Zvulun, Majdi, Ilia Yefimovich, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ahmad Gharabli, Mustafa Hassona, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, Yasser Arafat’s, David, Bill Clinton Organizations: New, Arizona State University, Apple, Spotify, CNN, Peter Bergen CNN, Tel, for National Security Studies, Palestinian, National Security Council, Ministry of Strategic Affairs, Hamas, Qassam, Israel, West Bank, Palestinian Authority, PLO, Israel Defense Forces, Gaza, Haim, AP, New York Times, Reuters, Getty, Aris Messinis, Mount, Mount Herzl Military, Nova, Anadolu Agency, Nova Festival, Ben Gurion, Shifa, Rockets, Israel's, United Nations, Reuters Police, Reuters Rockets, US Locations: New America, Gaza, Lebanon, Israel, Tel Aviv, Bergen, Iran, Qatar, Egypt, You’re, Palestinian, Jihad, Hamas, Gaza City, Rafah, Kfar Saba, Al, Israeli, Be'eri, Rehovot, AFP, Mount Herzl, Jerusalem, Kibbutz Be'eri, Sderot, Khan Younis, Modiin Maccabim, Kfar Aza, Ashkelon, Mount Herzel, Samar, Samar Abu Elouf, Yassin, Beitar Ilit, Ramat Gan, Kiryat Shmona, Itai, Beit Hanun, Rishon Lezion, Samaria, Saudi Arabia, United States of America

☆ Exclusive: Upcoming US rules on AI chip exports aim to stop workarounds
▼ + stars: | 2023-10-15 | by ( Karen Freifeld | ) www.reuters.com time to read: +4 min

The new rules will block some AI chips that fall just under current technical parameters while demanding companies report shipments of others, said the official, who provided information on condition of anonymity. Last year, government restrictions kept Nvidia (NVDA.O), the world's most valuable chipmaker, from shipping two of its most advanced AI chips to Chinese customers, chips that have become the industry standard for developing chatbots and other AI systems. The U.S. now plans to introduce new guidelines for AI chips that will restrict certain advanced datacenter AI chips not currently captured, the official said. The update to the October 2022 rules is also meant to cover AI chips as technology evolves. The new restrictions may also close a loophole that gives Chinese companies access to American artificial intelligence chips through Chinese units located overseas, as Reuters reported last week.

Persons: Florence Lo, Biden, Karen Freifeld, Max A, Chris Sanders, Lisa Shumaker, Deepa Babington Organizations: REUTERS, U.S, Reuters, U.S . Department of Commerce, Nvidia, The, Commerce Department, Thomson Locations: U.S, China, The U.S, Beijing

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 13 (Reuters) - U.S. private equity firm Apollo Global Management (APO.N) is seeking to join the consortium that Scandinavian airline SAS (SAS.ST) last week picked to take it through bankruptcy proceedings, according to a source familiar with the matter. Long-struggling SAS, ravaged by the pandemic and pressured by low-cost rivals, sought bankruptcy protection last year. SAS announced last week that Air France-KLM (AIRF.PA) and U.S. investment firm Castlelake would become new major shareholders alongside the Danish state. Total investments by new shareholders, which also include Danish investment firm Lind Invest, in the reorganized SAS would amount to 12.9 billion Swedish crowns ($1.18 billion). SAS, Castlelake, Air France-KLM and Apollo all declined to comment.

Persons: Andrew Kelly, Lind, Tim Hepher, Greg Roumeliotis, Josie Kao Organizations: Airlines, SAS, Copenhagen, REUTERS, Rights, Apollo Global Management, Scandinavian, Air France, KLM, U.S ., Lind Invest, Castlelake, Apollo, Thomson Locations: Copenhagen, Denmark, Rights COPENHAGEN, Danish, U.S, Air

☆ Prominent bankruptcy judge David Jones recused from cases, under investigation after exposure of undisclosed romantic relationship
▼ + stars: | 2023-10-13 | by ( Nicole Einbinder | Dakin Campbell | Esther Kaplan | ) www.businessinsider.com time to read: +7 min

Last week, Insider revealed that prominent bankruptcy judge David Jones was in a romantic relationship with a bankruptcy attorney. The Office of the US Trustee, the bankruptcy regulator, has filed an objection in the Corizon bankruptcy case, citing Jones' "admissions." The Office of the US Trustee intervenesToday the Office of the US Trustee, the federal regulator that oversees bankruptcy cases, took the unusual step of intervening in the bankruptcy case. AdvertisementAdvertisementThe office filed multiple objections to the proposed settlement plan overseen by Judge Jones, including concerns about Jones' role as mediator. The bankruptcy plan breaks creditors down into several classes.

Persons: David Jones, Jones, —, Elizabeth Freeman, Freeman, Corizon, Tehum, Michael Van Deelen, didn't, he'd, Harris, Marvin Isgur, Christopher Lopez, Lopez, Judge Jones, Hector Garcia Jr, Hector Garcia, they're, Lila Hassan Organizations: Fifth Circuit, Service, Southern, Southern District of, Court, Fifth, Tehum Care, Wall Street Journal, Houston, Corizon Locations: Southern District, Southern District of Texas, Texas, YesCare, New Mexico

☆ Trump loses first of several bids to toss suit seeking to block him from Colorado ballot
▼ + stars: | 2023-10-13 | by ( Marshall Cohen | ) edition.cnn.com time to read: +4 min

Colorado District Judge Sarah Wallace this week rejected Trump’s bid to get the lawsuit dismissed on free-speech grounds. A trial to determine Trump’s eligibility is set for October 30, if the case reaches that stage. Unprecedented casesCitizens for Responsibility and Ethics in Washington, or CREW, filed the Colorado lawsuit on behalf of a group of Republican and unaffiliated voters in the state. This is one of three major challenges against Trump’s eligibility for the 2024 ballot – similar cases are pending in Minnesota and Michigan, where a different group filed lawsuits. Griswold, a Democrat, previously told the judge that she doesn’t have a position on Trump’s eligibility and would comply with the judge’s final decision.

Persons: Donald Trump, Sarah Wallace, Trump’s, Wallace, ” Wallace, ” Trump, Trump, Donald Sherman, State Jena Griswold, Griswold, “ Organizations: CNN, Colorado, Republican, Trump, State, Democrat, Constitution Locations: Colorado, Washington, Minnesota, Michigan

☆ Deutsche Bank completes takeover of UK broker Numis
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

The headquarters of Germany's Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File photo Acquire Licensing RightsLONDON, Oct 13 (Reuters) - Deutsche Bank (DBKGn.DE) has completed its takeover of Numis (NUM.L), a London-based boutique investment bank, expanding its links with UK corporate clients, the German bank said on Friday. The combined business, Deutsche Numis, will oversee more than 170 corporate broking relationships and provide advisor, corporate broking, and equity capital markets services, the bank said. Fabrizio Campelli, who oversees Deutsche's investment bank, said the deal would expand the bank's reach into Europe's largest investment banking market. Deutsche Bank announced in April it had agreed to buy Numis for 410 million pounds ($500 million).

Persons: Ralph Orlowski, Alex Ham, Ross Mitchinson, Fabrizio Campelli, Amy, Jo Crowley, Iain Withers Organizations: Germany's Deutsche Bank, REUTERS, Deutsche Bank, Numis, Deutsche Numis, Thomson Locations: Frankfurt, Germany, London

NEW YORK (AP) — Since Justine Triet’s “Anatomy of a Fall” premiered at the Cannes Film Festival where it won the Palme d’Or, Sandra Hüller has been dogged by a question: Did she do it? In “Anatomy of a Fall,” Hüller plays a well-known novelist, also named Sandra, whose husband (Samuel Theis) is found dead outside their chalet in the French Alps after plunging from a top-floor window. Political Cartoons View All 1207 Images“She should be a dangerous person, in a way,” Hüller added. She also stars this fall in Jonathan Glazer’s acclaimed Holocaust drama “The Zone of Interest” as Hedwig Höss, wife of the Nazi commandant Rudolf Höss. It’s kind of a psychological but dangerous thing.”In the case of “Anatomy of a Fall,” Hüller knew immediately after reading the script that she wanted to play Sandra.

Persons: Justine Triet’s “, Palme, Sandra Hüller, ” Hüller, Sandra, Samuel Theis, Snoop, —, “, ”, Triet, Arthur Harari, ” Triet, it’s, doesn’t, Trần Anh Hùng’s, Emmanuel Macron, Anh, Maren Ade’s, Toni Erdmann, Jonathan Glazer’s, Hedwig Höss, Rudolf Höss, Hüller, Queen, Hedwig, Rudolf, it's Organizations: Cannes, France, New York Film, Nazi Locations: French, Cannes, France, “ The, The

Lynch said his agency is seeking congressional authorization to study another round of deepening for the Savannah River shipping channel. The Army Corps of Engineers last year finished deepening the waterway by 5 feet (1.5 meters), a $973 million project that took 25 years to study and execute. And it’s not just for the Georgia Ports Authority. Buddy Carter, a Republican whose district includes Savannah's port, said they support studying another harbor expansion. “This port affects every county in Georgia,” said Georgia House Speaker Jon Burns, a Republican who attended the speech.

Persons: Griff Lynch, Lynch, We’ve, They're, Eugene Talmage, “, Sen, Raphael Warnock, Buddy Carter, ”, Jon Burns, Chris DeScherer, ” DeScherer Organizations: Georgia Ports Authority, Army Corps, Engineers, U.S ., Port, Georgia Department of Transportation, Army Corps of Engineers, Water Resources, Democrat, U.S . Rep, Republican, Southern Environmental Law, Wildlife Locations: SAVANNAH, Ga, Port, Savannah, U.S, Georgia, “ State, India, Thailand, Vietnam, U.S . East Coast, Panama, East Coast, Suez, Savannah's

LONDON/FRANKFURT, Oct 12(Reuters) - Brooks Macdonald (BRK.L) is working with a defence adviser on its strategy amid takeover interest, three people familiar with the matter told Reuters. Raymond James has had a longer-term mandate for financial advice which recently developed into defence strategy, one of the people said. Brooks Macdonald and Raymond James declined to comment. Shares in Brooks Macdonald have dipped since peaking in late 2021 as market conditions soured. Britain's fragmented wealth management industry has seen increased consolidation in recent years driven by both private equity and strategic players.

Persons: Brooks Macdonald, Raymond James, Charles Stanley, Brewin, Andrew Shepherd, Pablo Mayo Cerqueiro, Victoria Farr, Amy, Jo Crowley, Anousha Sakoui, Kirsten Donovan Organizations: Reuters, Thomson Locations: FRANKFURT, British, London, Emma

☆ US Must Be Ready for Simultaneous Wars With China, Russia, Report Says
▼ + stars: | 2023-10-12 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

By Jonathan LandayWASHINGTON (Reuters) - The United States must prepare for possible simultaneous wars with Russia and China by expanding its conventional forces, strengthening alliances and enhancing its nuclear weapons modernization program, a congressionally appointed bipartisan panel said on Thursday. The report from the Strategic Posture Commission comes amid tensions with China over Taiwan and other issues and worsening frictions with Russia over its invasion of Ukraine. A senior official involved in the report declined to say if the panel's intelligence briefings showed any Chinese and Russian nuclear weapons cooperation. "The United States and its allies must be ready to deter and defeat both adversaries simultaneously," the Strategic Posture Commission said. If such measures are not taken, the United States "will likely" have to increase its reliance on nuclear weapons, the report said.

Persons: Jonathan Landay WASHINGTON, Madelyn, Jon Kyl, Kyl, Joe Biden's, Jonathan Landay, Lisa Shumaker Organizations: Democratic, Republican, Arms Control Association, Pentagon, Columbia Locations: United States, Russia, China, Taiwan, Ukraine, Russian, U.S, Asia, Europe

☆ Why Tesla isn’t unionized
▼ + stars: | 2023-10-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Tesla workers earn on average about $55 an hour in wages and benefits, compared to $66 to $71 an hour at Detroit’s Big Three, according to industry estimates. In an aerial view, brand new Tesla cars sit in a parking lot at the Tesla factory on October 19, 2022 in Fremont, California. Brendan McDermid/ReutersThe union, Tesla Workers United, filed an NLRB complaint alleging the company illegally fired its supporters. Tesla is one of the most valuable companies in the world, and some production workers have become millionaires from their shares in Tesla, Musk has said. A Tesla Model X is worked on a factory line with Tesla X's and Tesla S's at the Tesla factory on Wednesday, July 18, 2018 in Fremont, Calif. Lea Suzuki/The San Francisco Chronicle/Getty Images“Tesla tries to make it seem like if you’re unionized you’re not going to get stock,” said Bryan Schwartz, a lawyer who has represented Tesla employees in lawsuits against the company, including an ongoing class action lawsuit for racial discrimination.

Persons: New York CNN — Tesla, Tesla, ”, John Logan, Justin Sullivan, Elon Musk, ” Logan, “, Risa Lieberwitz, Lieberwitz, Brendan McDermid, ” Lieberwitz, Musk, “ Musk, Lea Suzuki, “ Tesla, you’re, Bryan Schwartz, Mike Miller, Miller, Shawn Fain, Alain Jocard, Paul Sancya, Elon, ” Fain Organizations: New, New York CNN, United Auto Workers, Ford, General Motors, Tesla, UAW, EV, UAW doesn’t, San Francisco State University, Getty, Workers, Cornell University School of Industrial and Labor Relations, National Labor Relations Board, Companies, Employers, National Labor Relations Act, “, NLRB, Tesla Inc, Panasonic, Tesla Workers United, SpaceX, San Francisco Chronicle, “ Workers, AP, Detroit automakers, CBS Locations: New York, United States, Detroit, Fremont , California, America, unionize, Austin , Texas, Sparks , Nevada, Buffalo , New York, Buffalo, U.S, Tesla, Fremont , Calif, AFP

☆ US must be ready for simultaneous wars with China, Russia, report says
▼ + stars: | 2023-10-12 | by ( Jonathan Landay | ) www.reuters.com time to read: +3 min

The report from the Strategic Posture Commission comes amid tensions with China over Taiwan and other issues and worsening frictions with Russia over its invasion of Ukraine. A senior official involved in the report declined to say if the panel's intelligence briefings showed any Chinese and Russian nuclear weapons cooperation. The report contrasts with U.S. President Joe Biden's position that the current U.S. nuclear arsenal is sufficient to deter the combined forces of Russia and China. "The United States and its allies must be ready to deter and defeat both adversaries simultaneously," the Strategic Posture Commission said. It should also extend the operational lives of ballistic missile submarines and deploy more tactical nuclear weapons in Asia and Europe.

Persons: Ian Dudley, Madelyn, Jon Kyl, Joe Biden's, Jonathan Landay, Lisa Shumaker Organizations: Minuteman, Daylight, Vandenberg Air Force Base, . Air Force, REUTERS, Rights, Democratic, Republican, Thomson Locations: California, U.S, Handout, United States, Russia, China, Taiwan, Ukraine, Russian, Asia, Europe

U.S. Secretary of State Antony Blinken speaks during a press conference, in Tel Aviv, Israel October 12, 2023. The question of Iranian access to the funds has been in the spotlight since Iran-backed Palestinian Hamas militants attacked Israel on Saturday, killing more than 1,300 people and taking scores of hostages back to the Palestinian Gaza Strip. "Iran will not be able to access the funds for the foreseeable future," a senior U.S. official, speaking on condition of anonymity, told Reuters. Several U.S. media outlets reported on Thursday that the United States and Qatar had agreed to stop Iran from accessing the money. It did not respond to a request for comment on whether Iran had yet tried to access the funds.

Persons: Antony Blinken, Jacquelyn Martin, Blinken, Ayatollah Ali Khamenei, Iran's U.N, Donald Trump, John Kirby, Kirby, Parisa Hafezi, Andrew Mills, Michelle Nichols, Howard Goller Organizations: REUTERS Acquire, TEL, United, Washington, Reuters, U.S, U.S . Treasury, U.S ., Government, United Nations, Qatar's, Media, White House, Thomson Locations: Tel Aviv, Israel, TEL AVIV, WASHINGTON, United States, Iran, Qatar, Palestinian, U.S, Tehran, South Korea, Seoul after Washington, Islamic Republic of Iran, New York, Qatari

Paul-Henri Nargeolet was the director of underwater research for RMS Titanic, Inc, the Georgia-based firm that recovers and exhibits Titanic artifacts. Nargeolet was lending his expertise to a separate company, OceanGate, when he and four others died on the Titan's final dive near the Titanic in June. The former French navy officer had already completed 37 dives and supervised the recovery of about 5,000 Titanic artifacts. A hearing was still scheduled for Friday afternoon in U.S. District Court in Norfolk, Virginia, which oversees Titanic salvage matters. The firm said it “will not recover artifacts at this time, nor conduct other activity that would physically alter or disturb the wreck,” the company wrote Wednesday.

Persons: Paul, Henri Nargeolet, Nargeolet, RMST, “, Jessica Sanders, Henri ‘ P.H, ’ Nargeolet, ” Organizations: U.S ., French, Marconi, U.S . Coast Guard, U.S, Britain Locations: NORFOLK, Va, U.S, Georgia, That's, Southampton, England, New York, Norfolk , Virginia, Britain, Norfolk

☆ IDF says it won't back up its claim that Hamas decapitated babies in Israel because it is 'disrespectful for the dead'
▼ + stars: | 2023-10-11 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +7 min

The IDF said it won't investigate its claim that Hamas killed and decapitated babies at a kibbutz. AdvertisementAdvertisementA spokesperson for the Israel Defense Forces told Insider that the military won't seek further evidence for its claim that Hamas decapitated babies in Israel. On Tuesday, Dinar told Insider that babies' bodies had been found at the Kfar Aza kibbutz, and that some had been decapitated. AdvertisementAdvertisementHe said then that the IDF would not confirm the exact number of babies killed or how many had been beheaded. CBS News later reported that Israeli body-recovery teams had discovered beheaded babies and children in kibbutzim in southern Israel.

Persons: —, Nir, Aza, i24News, Nicole Zedeck, Laura Cellier, Yossi Landau, Zaka, CNN's Nic Robertson, I'm, David Ben Zion, i24NEWS, Ben Zion, it's, Itai, Kfar Aza Organizations: Service, Israel Defense Forces, IDF, CBS, Anadolu Agency, BBC News, CNN, New York Times, Palestinian Ministry of Health, Ministry of Defense Locations: Israel, Kfar Aza, Zaka, Turkish, Gaza

CNN —House Republicans picked Rep. Steve Scalise as their nominee for speaker on Wednesday, but the Louisiana Republican lacks the votes needed to win the gavel and it remains unclear whether he will be able to win over holdouts. Scalise won out over Rep. Jim Jordan in a closed-door vote by the House GOP conference to pick their speaker nominee on Wednesday. House Republicans hold a narrow majority and Scalise can only afford to lose four GOP votes on the floor and still win the speakership. McCarthy’s ouster, which was driven by a group of hardline conservatives, has intensified deep divisions within the House GOP conference and escalated tensions. Scalise is a veteran of House GOP leadershipScalise has risen through the ranks of leadership during his time in Congress.

Persons: Steve Scalise, Kevin McCarthy’s, Scalise, Jim Jordan, Donald Trump, Jordan, Trump, McCarthy’s, It’s, “ I’m, I’ll, Marjorie Taylor Greene, CNN’s Manu Raju, “, Jake Tapper, Thomas Massie, Massie, McCarthy, hasn’t, Steve, ”, Kevin Hern, Byron Donalds of, Tom Emmer, – Organizations: CNN — House Republicans, Louisiana Republican, holdouts, Republicans, House GOP, Committee, Scalise, House Republicans, GOP, CNN, ” Republican, Oklahoma GOP, Oklahoma, Rep, Republican Locations: Louisiana, Georgia, Byron Donalds of Florida

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsOct 11 (Reuters) - A U.S. rule that restricts shipments of certain advanced chips to China has been revised and is under final review, according to a government posting, suggesting that further curbs on chips that can be used for artificial intelligence are coming soon. Reuters exclusively reported last week that U.S. officials had warned China to expect rules restricting shipments of semiconductor equipment and advanced AI chips to China to be updated this month. The rule restricting exports of chipmaking equipment was posted for review last week, Reuters reported on Oct. 5. The regulation on controls on high-end chips, advanced computing integrated circuits (ICs), and supercomputing was received for review on Oct. 10, according to the Office of Management and Budget website.

Persons: Florence Lo, Karen Freifeld, Alexandra Alper, Josie Kao Organizations: REUTERS, Reuters, U.S . Department of Commerce, supercomputing, Management, Export, OMB, of State , Defense, Commerce, Energy, Thomson Locations: China, U.S

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