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Palestinian media reported at least 11 Palestinians were killed in an Israeli strike in the southern Gaza city of Khan Younis, and that Israel was striking the southern city of Rafah. We will continue to attack in the area of Gaza City and increase attacks," Hagari told Israeli reporters on Saturday. Israel started its "total siege" of Gaza after an Oct. 7 cross-border attack on southern Israel by militants of the Islamist movement Hamas killed 1,400 people, mainly civilians, in a shock rampage that has traumatised Israel. [1/5]An Israeli soldier secures an area, following a deadly infiltration by Hamas gunmen from the Gaza Strip, in Kibbutz Kissufim in southern Israel October 21, 2023. At least 84 Palestinians in the West Bank have been killed in clashes with Israeli forces since the Hamas rampage, Palestinian officials say.

Persons: Lloyd Austin, Biden, Israel, Khan Younis, Daniel Hagari, Hagari, Joe, Washington, Amir Cohen, Rights Biden, General Herzi Halevi, Antony Blinken, Najib Mikati, Nidal al, Michelle Nichols, Phil Stewart, Lincoln, Daniel Wallis, William Mallard Organizations: US, Defense, Al, Gaza's Health, Area Defense, Drones, FIRST, Gaza, United Nations, Palestinian, REUTERS, Rights, United, Security, Canada's National Department of Defence, Canadian Forces Intelligence Command, Health Ministry, State Department, West Bank, Thomson Locations: U.S, Iran, Canada, Ahli, Gaza, GAZA, JERUSALEM, Israel, Washington, Khan, Rafah, Gaza City, Iraq, East, Israeli, Kibbutz Kissufim, United States, France, Tel Aviv, Lebanon, Jenin, New York, Jerusalem

☆ Egypt peace summit may struggle to foster unity on Gaza conflict
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +4 min

Israeli soldiers patrol an area near Israel's border with the Gaza Strip, in southern Israel October 19, 2023. The hastily-convened Cairo Peace Summit as the conflict still rages will bring together several Arab and European heads of state and government, alongside foreign ministers. They will meet as Israel readies a ground assault on Gaza following the Oct. 7 attack by Hamas that killed 1,400 people. More than 4,100 Palestinians have been killed in Israel's counteroffensive, amid a growing humanitarian crisis in Gaza. The summit is scheduled to be opened by the Egyptian president at 10 a.m. Saturday (0700 GMT).

Persons: Amir Cohen, Zhai Jun, Mikhail Bogdanov, Olaf Scholz, Rishi Sunak, Emmanuel Macron, Charles Michel, Josep Borrell, Abdel Fattah al, Sisi, Jordan's King Abdullah, Israel, Benjamin Netanyahu, Joe Biden's, William Maclean, Edmund Blair, Philippa Fletcher, Diane Craft Organizations: REUTERS, Cairo Peace Summit, British, EU, European, Israel, U.S, Reuters, Thomson Locations: Israel's, Gaza, Israel, Egypt, U.S, Cairo, China, Middle, Russia, United States, EU, Washington, Lebanon, Iranian, Rafah, Sinai

Aid convoy trucks waiting at the Rafah border crossing to enter Gaza from Egypt on Thursday. As Gaza grapples with an escalating humanitarian crisis, the prospect of getting aid through the closed Rafah border crossing with Egypt has taken on particular urgency. Hopes are high that the aid trucks would be able to cross into Gaza on Friday, according to European Union officials coordinating aid from the bloc. The American, U.N. and Egyptian officials are discussing who would carry out those cargo inspections, a person directly familiar with the matter said, requesting anonymity to speak about the delicate negotiations. “All of Gaza is waiting for the aid,” Wael Abu Omar, the spokesman for Hamas’s interior ministry, said Thursday.

Persons: Biden, Israel, ”, Tedros Adhanom Ghebreyesus, “, António Guterres, Martin Griffiths, Samar Abu Elouf, Wael Abu Omar, Israel readies, Abood, Okal, ” Iyad Abuheweila, Yazbek Organizations: Diplomats, European Union, World Health Organization, International Committee, The New York Times, Palestinian Locations: Rafah, Gaza, Egypt, Israel, Arish, Palestine, Cairo, U.S, Samar, E.U, Palestinian American, Jerusalem

FDI in Brazil fell 36% in the first eight months of 2023 to $37.9 billion. Currently, investors in long-term projects in Brazil with exposure to foreign currency pay taxes on currency appreciation over the course of the project - which the central bank has long flagged as a deterrent for FDI. Haddad said he was confident that policymakers had found a tool to shield investors from currency risks keeping them away. Executive orders in Brazil have immediate validity but must be endorsed by lawmakers within four months or they expire. Without that measure, Haddad said it will be "very challenging" to erase the deficit in next year's budget bill.

Persons: Fernando Haddad, Haddad, Luiz Inacio Lula da, Marcela Ayres, Bernardo Caram, Brad Haynes, Christopher Cushing Organizations: Finance, Reuters, Sao Paulo, leftist Workers Party, Executive, Thomson Locations: BRASILIA, Brazil, Brasilia, Sao, United States

And based on what I’ve seen, it appears as though it was done by the other team, not you. And Americans are worried,” Biden told Netanyahu as they began a bilateral meeting, acknowledging the complex dynamic. Hospital blast looms over tripThe trip comes less than a day after a horrifying blast at Al-Ahli Baptist Hospital in Gaza City. Biden landed in Israel on October 18, on a solidarity visit following Hamas attacks that have led to major Israeli reprisals. “The Jews have been subject to abuse, prejudice and attempts to wipe them out for, oh, God, over a thousand years,” Biden told interviewer Scott Pelley.

Persons: Joe Biden, ”, Biden, Israel –, Benjamin Netanyahu –, ” Biden, Netanyahu, “, ” Netanyahu, Israel, you’ve, King Abdullah II of Jordan, Abdel Fattah el, Mahmoud Abbas, –, Abbas, Benjamin Netanyahu, Evan Vucci, Israel “, Isaac Herzog, CNN Israel readies, Brendan Smialowski, BRENDAN SMIALOWSKI, Brednan Smialowski, it’s, John Kirby, Netanyahu’s, ’, ” Kirby, Scott Pelley, It’s Organizations: CNN, Israel, Tel Aviv Wednesday, Ahli Baptist Hospital, Palestinian, Defense Intelligence Agency, Malaysia Airlines Flight, Hamas, Air Force, Israeli, United, ” Israel, Tel Aviv's, Getty, National Security, Advisers Locations: Israel, Gaza City, Gaza, Tel Aviv, United States, Iran, Jordan, Al, Ahli, Jihad, Russian, Ukraine, Egypt, Tel Aviv's Ben Gurion, AFP, –, Dachau

☆ UFOs: US is receiving dozens of reports a month, senior Pentagon official tells CNN
▼ + stars: | 2023-10-18 | by ( Oren Liebermann | ) edition.cnn.com time to read: +5 min

The office has received approximately 800 reports of unidentified objects to investigate as of this past April, up from 650 reports in August 2022, Sean Kirkpatrick, who heads the All-domain Anomaly Resolution Office at the Pentagon told CNN. “I am worried from a national security perspective.”But Kirkpatrick could offer few details about why certain reports raised suspicions about foreign involvement. The portal for historical sightings is set to open sometime in the next month or so, Kirkpatrick told CNN. Its purpose is to validate or refute past reports of unidentified objects, checking them against other reports and cataloging them for possible further analysis. Asked if the US government should have created an effort to handle unidentified objects earlier, Kirkpatrick demurred.

Persons: Sean Kirkpatrick, Kirkpatrick, ”, ” Kirkpatrick, Biden, UAPs, David Grusch, Grusch, “, Kirkpatrick demurred Organizations: CNN, Pentagon, Federal Aviation Administration, Air Force Locations: United States, South Carolina

In the dense warrens of Gaza, Hamas is believed to hold at least 199 people hostage, guarded by gunmen and booby traps, likely scattered and hidden from any would-be rescuers as Israel readies a ground invasion. Israeli and U.S. commandos have pulled off extraordinary hostage rescues before. That has left desperate, complex diplomacy — led by the United States and Qatar, a tiny nation with extensive ties to militant groups — as the best option to save hostages in the eyes of many current and former officials. In the talks so far, Qatar is acting as a mediator between Hamas and officials from the United States, which like Israel and the European Union considers Hamas a terrorist group. Adding even more complexity to the talks, there are people from more than 30 countries among the hostages.

Persons: — Organizations: U.S, Hamas, European Union Locations: Gaza, Israel, United States, Qatar

☆ Biden warns Israel against occupying Gaza as ground invasion appears near
▼ + stars: | 2023-10-15 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +3 min

CNN —President Joe Biden warned Israel against occupying Gaza in one of his most notable public calls for restraint as the Israelis respond to this month’s terror attacks by Hamas. In an interview with CBS’ “60 Minutes” that aired Sunday, Biden said it would be a “big mistake” for Israel to occupy Gaza. Israel has been signaling it is preparing for a ground invasion of Gaza, even as a humanitarian crisis grows inside the coastal Palestinian enclave. “What happened in Gaza, in my view, is Hamas and the extreme elements of Hamas don’t represent all the Palestinian people,” Biden told interviewer Scott Pelley. In its response, Israel unleashed a massive bombing campaign against the northern Gaza Strip, from which Hamas launched its attack.

Persons: Joe Biden, Biden, ” Biden, Scott Pelley, Michael Herzog, CNN’s Jake Tapper, “, ” Herzog, ”, …, Pelley, ” “ Organizations: CNN, CBS, Palestinian, Hamas Locations: Gaza, Israel, United States, Palestinian, Iran

☆ Israel Readies for All-Out War in Gaza
▼ + stars: | 2023-10-10 | by ( Jared Malsin | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/middle-east/israel-readies-for-all-out-war-in-gaza-ef1899c3

Persons: Dow Jones Locations: israel, gaza

Persons: Dow Jones Locations: israel, gaza

Persons: Dow Jones Locations: israel, gaza

☆ Israel Readies for Protracted Fight
▼ + stars: | 2023-10-08 | by ( ) www.wsj.com time to read: 1 min

The Israeli army regained control Sunday of 29 different areas that Hamas had penetrated into Israel from the Gaza Strip, Israeli army spokesman Richard Hecht told reporters. He said soldiers continue to search areas to ensure no Hamas militants remain inside Israeli territory and the army has launched airstrikes against hundreds of targets in response. The military is figuring out its broader response with the Israeli government, he added. “We are going to respond severely against Hamas for this inhumane activity, but it’s going to take some time,” he said. "This is going to be a long long haul.”

Persons: Richard Hecht, ” Locations: Israel, Gaza

☆ US readies new Ukraine arms package despite tumult in Congress
▼ + stars: | 2023-10-06 | by ( Mike Stone | ) www.reuters.com time to read: +3 min

Commander of the Joint Forces of the Armed Forces of Ukraine Serhiy Nayev fires an American Browning M2 machine gun during a military exercise, amid Russia's attack on Ukraine, in Kyiv region, Ukraine September 27, 2023. Those funds have allowed the Biden administration to send Kyiv arms, supplies and munitions despite the exclusion of new Ukraine aid from a stopgap spending bill passed by the House of Representatives last weekend to prevent a government shutdown. Biden has vowed to replenish stocks of arms sent to Ukraine. The Biden administration is also considering using a State Department grant program to send Ukraine additional military aid, a U.S. official said. Democrats, who strongly support aid to Ukraine, insist that Congress will back continued assistance.

Persons: Ukraine Serhiy Nayev, Gleb Garanich, Biden, congressionally, Lockheed Martin, Kevin McCarthy, Mitch McConnell, Mike Stone, Rami Ayyub Organizations: Joint Forces of, Armed Forces, REUTERS, Rights, Pentagon, Kyiv, Republicans, Ukraine Defense Contact, of Defense, General Dynamics, State Department, U.S, Republican, Thomson Locations: Ukraine, American, Kyiv region, Brussels, U.S

☆ Rio’s latest rock shelter damage highlights need for Aboriginal Voice, advocates say
▼ + stars: | 2023-10-03 | by ( Melanie Burton | ) www.reuters.com time to read: +5 min

Rio's destruction of rock shelters at Juukan Gorge in 2020 prompted a global outcry, the departure of top executives and a parliamentary enquiry that recommended an overhaul of Australia's Aboriginal heritage protection laws. Reaction to the incident has been more muted compared to the outrage over the Juukan Gorge rock shelters so far. VOICE FOR HERITAGELooming over the incident is Australia’s upcoming Indigenous Voice referendum set for Oct. 14 that would create a panel to advise parliament on issues affecting the Aboriginal and Torres Straits Islands communities. "It's hard to think of a more compelling practical example of the need for an Indigenous Voice in the mining policy debate," he said. A spokesperson for the state department regulating Aboriginal heritage protection said it was in contact with Rio Tinto but it was not investigating the latest incident.

Persons: Rio, Simon Trott, Warren Entsch, Rio shouldn't, Morgan Stanley, James Fitzgerald, Jamie Lowe, WGAC, Melanie Burton, Lincoln Organizations: Rio Tinto, REUTERS Acquire, Aboriginal Corporation, ABC, Reuters, Aboriginal, Torres Straits, Australasian Centre, Corporate, Indigenous, Title, Guruma Aboriginal Corporation, Thomson Locations: Rio, Pilbara, Western Australia, MELBOURNE, Western Australia’s, Juukan

☆ Novo Nordisk owner readies for big Wegovy windfall
▼ + stars: | 2023-10-03 | by ( Maggie Fick | ) www.reuters.com time to read: +4 min

COPENHAGEN, Oct 3 (Reuters) - The CEO of Novo Holdings said on Tuesday the controlling shareholder of Danish drugmaker Novo Nordisk (NOVOb.CO) is ready for a huge windfall from the runaway success of weight-loss drug Wegovy. Novo Holdings invests and manages the wealth and assets of the Novo Nordisk Foundation, whose newly bulging coffers could make it a major philanthropist and environmental, social and governance (ESG) investor. He was speaking to a group of journalists in Copenhagen, where the investment company, its owner Novo Nordisk Foundation, and the drugmaker Novo Nordisk are all headquartered. [1/4]Novo Holdings A/S CEO Kasim Kutay speaks at Novo Nordisk Foundation in Hellerup, Denmark, October 3, 2023. Novo Holdings' early-stage investments team now has $200 million to deploy each year, Soren Moller, who heads the seed division, told Reuters.

Persons: Kasim Kutay, Wegovy, Kutay, I've, Morgan Stanley, Ali Withers, Peter Lawaetz Andersen, Andersen, Soren Moller, Maggie Fick, Josephine Mason, Louise Heavens, Catherine Evans Organizations: Novo Holdings, Novo Nordisk, Novo Nordisk Foundation, The Foundation, Holdings, Moelis, REUTERS, Foundation, Norway's Coalition, Reuters, Thomson Locations: COPENHAGEN, Danish, Copenhagen, Novo, United States, Hellerup, Denmark, Shanghai, China, Singapore, Boston, San Francisco

☆ Mick Jagger says his kids ‘don’t need $500 million’ as he hints he may give away their inheritance
▼ + stars: | 2023-09-29 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

Jagger says that while he doesn’t enjoy dealing with the business aspect of the music industry, it’s necessary. When asked if there were plans to sell their post 1971 music catalog to make even more money, Jagger said no. The rocker added that his “children don’t need $500 million to live well” and suggested may donate his fortune to charity some day, according to the publication. Jagger’s eight kids, Karis, Jade, Elizabeth, James, Georgia May, Lucas, Gabriel and Deveraux, range in age six to 52. “You can have a posthumous business now, can’t you?” he said.

Persons: Mick Jagger’s, Jagger, Jade, Elizabeth, Lucas, Gabriel, Deveraux, he’s, ” Organizations: CNN, Wall Street Journal Locations: James , Georgia

Republican Utah House Speaker Brad Wilson is poised to formally announce at a Wednesday night rally that he is running for the U.S. Senate seat being vacated by Mitt Romney, who recently announced he won't run for reelection. Romney announced earlier this month that he won't seek a second term, saying younger people needed to step forward. Wilson would likely fall somewhere between Romney and Lee in that regard, said Damon Cann, head of Utah State University’s political science department. He launched an exploratory committee even before Romney’s announcement and recently said he will resign from his speaker job and the state House on Nov. 15. The winner of next year's Republican primary on June 25 will be heavily favored to win the general election in November.

Persons: Brad Wilson, Mitt Romney, Romney, Mike Lee, Donald Trump, Wilson, Lee, Damon Cann, Mike Lee’s, ” Cann, Cann, Riverton Mayor Trent Staggs, ”, Rod Bird Jr, Tim Ballard, Ballard, of Jesus Christ, Trump Organizations: Republican Utah, U.S, Senate, Utah State, Utah’s House, GOP, Riverton Mayor, Operation Underground Railroad, Operation Underground, of Jesus, Saints, Utah Legislature, Republican Locations: Utah, Romney, Salt Lake City, Draper, Massachusetts, Roosevelt, Salt

The Treasury will issue new economic targets on Wednesday providing the framework for a budget in which Meloni will attempt to keep her tax-cutting promises while also lowering the fiscal deficit. "This budget is Meloni's first real economic test since she came to power last October," said Tim Jones, euro zone analyst for market consultancy firm Medley Advisors. Meloni has much less room for manoeuvre than when she hiked deficit targets in her first budget a year ago. Episodes targeting airlines and investors in Italy's 307- billion-euro ($326.74 billion) bad loan market have followed a similar pattern. Meloni subsequently said no measures were planned regarding non-performing loans, but her party's proposal is still before parliament and uncertainty persists.

Persons: Giorgia Meloni, Meloni, Tim Jones, she's, Morgan Stanley, Reuters.G Rome, Roberto Perotti, Meloni's, Valentina Za, Francesco Canepa, Giuseppe Fonte, Sara Rossi, Gianluca Semeraro, Ed Osmond, Giselda Organizations: Treasury, Advisors, European Central Bank, Reuters, Ryanair, Milan's, Bank of, ECB, Thomson Locations: ROME, Italy, Greece, Rome, Italian, Italy's, Brussels, EU, Milan

A woman walks in the Chevron office as the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela December 2, 2022. Current oil flows mark a 70%-increase from average output in 2022. But to go further requires large specialized drilling rigs that might be difficult to find in Venezuela, the people said. The California-based company's campaign calls for addition of at least two powerful drilling rigs. Other foreign oil companies in joint ventures with PDVSA also have begun early planning for possible drilling campaigns.

Persons: Gaby Oraa, Petropiar, PDVSA, Chevron, Marianna Parraga, Sabrina Valle, Matt Spetalnick, David Gregorio Our Organizations: Chevron, REUTERS, Companies, Chevron Corp, OPEC, Treasury, U.S . Office, Foreign Assets, U.S, PDVSA, Thomson Locations: Venezuela, Caracas, HOUSTON, Washington, The California, Lake Maracaibo, U.S

HANGZHOU, China, Sept 23 (Reuters) - China's eastern city of Hangzhou stepped up security ahead of the Asian Games opening ceremony later on Saturday as organisers hope to get the sporting extravaganza off to a smooth start with President Xi Jinping among the dignitaries set to attend. Roads in a sizeable 'traffic control area' around the city's Olympic stadium were blocked off, at least one metro station was shut, and other Games centres were closed off ahead of an opening ceremony organisers say will be "mesmerizing". Some of those making the trek out towards the stadium were left frustrated by the size of the sealed off area. Organisers hope a high-tech opening ceremony on Saturday will help drum up excitement for the Games. Dozens of smiling volunteers greeted arriving journalists in Hangzhou this week, with some expressing relief that the event was finally getting started.

Persons: Xi Jinping, Li Jian, Xiaolan, @Future, Xi, Beijing's, Bashar al, Assad, Anurag Thakur, Martin Quin Pollard, Ian Ransom, Xihao Jiang, Peter Rutherford Organizations: Games, Thomson Locations: HANGZHOU, China, Hangzhou, Asia, Syria, India, Tokyo

☆ Indian e-scooter maker Ather readies new models and exports after subsidy cuts
▼ + stars: | 2023-09-18 | by ( Aditi Shah | ) www.reuters.com time to read: +2 min

Ather electric scooters are seen outside the showroom in Mumbai, India, January 28, 2022. India's electric scooter market is small but growing, with e-models accounting for 5% of total scooter and motorcycle sales in the last fiscal year against a government target of 70% by 2030. "The transition to electric vehicles could have been faster if not for the (subsidy) change but even then, there will be no major impact in the mid to long term," he said. Valued at around $750 million, Ather will raise more money before the end of 2023 to back its growth plans, he said, without giving more details. "India will not only be the largest market in the world for electric two-wheelers but also the largest exporter," he said.

Persons: Francis Mascarenhas, Tarun Mehta, Mehta, Ather, Electric, Hero MotoCorp, Aditi Shah, Kirsten Donovan Organizations: REUTERS, Rights, Ather, Reuters, Softbank, TVS, Thomson Locations: Mumbai, India

☆ Bank of England readies what may be its final rate hike
▼ + stars: | 2023-09-17 | by ( Andy Bruce | ) www.reuters.com time to read: +3 min

A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. All but one of 65 economists polled by Reuters in recent days predicted the BoE will raise Bank Rate to 5.5% on Thursday from 5.25%, which would mark its highest level since 2007. If Bank Rate does peak at 5.5% - from a starting point of 0.1% - it would rank fourth on the list of Britain's biggest tightening cycles of the last century, behind surges that took place in the late 1980s and in the early- and late-1970s. The European Central Bank also cited a weak economic outlook when it hiked rates last week and signalled that would be its last such move in the current cycle. Inflation figures for August due on Wednesday are likely to buck the falling trend thanks to rising petrol prices.

Persons: BoE, Maja Smiejkowska, Andrew Bailey's, Bailey, Benjamin Nabarro, Catherine Mann, Catherine Evans Organizations: Bank of England, REUTERS, Reuters, Monetary, European Central Bank, Barclays, Data, MPC, Citi, Thomson Locations: London, Britain

Three-quarters of Americans, or 76%, favor allowing the federal health care program for the elderly to negotiate prices for certain prescription drugs. Americans are split on how Biden is handling the issue of prescription drug prices — 48% approve, making it a relative strong point for Biden, but 50% disapprove. Even among the Americans who support allowing Medicare to negotiate drug prices, approval of Biden’s handling of the issue remains relatively tepid. "They kept prescription drug prices high to increase their profits. “Well, we did it.”Ellen Daily, a 73-year-old retiree in Carrollton, Texas, said she strongly favors allowing Medicare to negotiate on drug prices.

Persons: Joe Biden, trumpeting, drugmakers, Biden, it's, Esperanza Baeza, I'm, ”, “, ” Biden, Ellen Daily, Annie Lok, Lok, doesn’t Organizations: WASHINGTON, Associated Press, NORC, for Public Affairs Research, —, Big Pharma, ”, Medicare, Pharmaceutical Research, Manufacturers of America, Services, Republican Locations: Chicago, Baeza, Carrollton , Texas, Queens , New York

☆ Covid hospitalizations spike with new variant as school returns, U.S. readies vaccines
▼ + stars: | 2023-09-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

The late summer Covid spike comes after a quiet year in which hospitalizations and deaths declined week after week since January. "We're living in a bit of a fantasy world where we're pretending Covid is not relevant," Birx told ABC in a podcast interview last week. Birx said those vaccines should have been released weeks ago to combat the predictable summer wave, adding the U.S. should already be developing new shots for January to target the emerging BA.2.86 variant. The updated shots should be effective at reducing severe disease and hospitalization from the variant, according to the agency. The first lady last caught Covid in August 2022 and the president tested positive in July of last year.

Persons: Shannon Stapleton, Reuters Covid, Deborah Birx, Trump, Covid, Birx, we're, Novavax, Moderna, Karine Jean, Pierre, Biden, Anthony Fauci, Fauci, It's, Still, Jill Biden, Joe Biden Organizations: Intensive Care Unit, Western Reserve Hospital, Reuters, hospitalizations, Centers for Disease Control, White, ABC, Pfizer, Moderna, CDC, U.S, BBC, National Institute of Allergy, White House Locations: Cuyahoga Falls , Ohio, U.S, ., Arkansas , Colorado , Indiana , Kansas , Minnesota , Oklahoma , Tennessee , Utah, Wyoming, China, Kentucky, Texas, India

The difficulty of this achievement also shows the resilience of the country’s chip technological ability," TechInsights analyst Dan Hutcheson said. EUV refers to extreme ultraviolet lithography and is used to make 7 nm or more advanced chips. LIMITED ACHIEVEMENTThe most advanced chip SMIC had previously been known for making was 14nm, as it was barred by Washington in late 2020 from obtaining an EUV machine from Dutch firm ASML (ASML.AS). But TechInsights last year said it believed SMIC had managed to produce 7 nm chips by tweaking simpler DUV machines it could still purchase freely from ASML. Jefferies analysts reckon Huawei is preparing to ship ten million units of the Mate 60 Pro, though it may struggle to support that quantity with China-made 7 nm chips.

Persons: Gina Raimondo's, chipmaker SMIC, Dan Hutcheson, EUV, Jefferies, TechInsights, SMIC, Tilly Zhang, Dragonomics, Zhang, Doug Fuller, David Kirton, Max Cherney, Brenda Goh, Miyoung Kim, Nick Zieminski Organizations: FRANCISCO, Huawei Technologies, U.S, Huawei, U.S . Commerce, Kirin, HK, U.S . Commerce Department's, of Industry, Security, China, U.S . Department of Commerce, China's State Council, Reuters, Copenhagen Business School, Thomson Locations: SHENZHEN, China, California, Washington, Ottawa, U.S, China's, Netherlands

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