US stance may end Arm’s neutrality after Nvidia deal
File photoAmid the persistent push by the Trump administration to "decouple" from China in the technology sphere, the mere possibility that British chip designer Arm may become a US subsidiary is disturbing for not only Chinese technology companies but also a large number of European companies using Arm's technology.Maybe this is why Hermann Hauser, a co-founder of Arm, called the deal that would see Nvidia Corp pay $40 billion for Arm a "disaster." His opposition, both in terms of anti-trust and corporate interests, is convincing as it is obvious that Arm would lose its position as the "Switz...
Experts: anti-China stance 'dangerous'
Adverse actions taken by the Trump administration against China are "dangerous, misguided and naive", and a cold war mentality is a threat to the world, warned a renowned American expert."I see the current path as being very dangerous, because geopolitics is not a game … if one is serious in preserving peace," said Jeffrey Sachs, an economics professor at Columbia University and a senior United Nations adviser.He shared his concerns about the direction the US is heading during a recent webinar examining the Trump administration's policies on China.The administration's current approach is drive...
China Daily US edition
Gymnich decisions reflect stance that no double standards should be applied, FM says
Minister of Foreign Affairs of Cyprus Nikos Christodoulides said on Friday that the decisions of the Informal EU Foreign MInisters Summit reflect to a great extent the basic argument that no double standards should be applied.In statements to CNA after the conclusion of the Summit in Berlin, Christodoulides said that the main issue during the Summit was that any political decisions made should not be leading to double standards.Meanwhile, Greek Foreign MInister Nicos Dendias said after the Summit that the EU High Representative has presented options for future sanctions that will be discussed ...
Cyprus News Agency
Deal with Israel 'betrays UAE's historic stance against occupation', Emirati anti-normalisation movement says
TheUAE's deal with Israelgoes against what the people of the Emirates want and opposes the country's historic stance against occupation in the Arab world, a group oflocal expat dissidentssaid in a statement."This change of stance deviates away from the path the founding fathers [of the UAE] paved," the Emirati League for Resisting Normalisation said in a statement released last week.The official UAE association, the first of its kind, was set up after the country signed a US-brokered 'peace deal' with the UAE earlier in the month.Founded by six Emirati academics – Saeed Nasser al-Taniji, Saeed...
Al Azhar urges ‘firm’ Arab stance on Libya
Cairo: Al Azhar, Egypt’s influential Islamic seat of learning, has urged Arabs to take a “joint and firm” stance to resolve Libya’s long-standing conflict, rejecting foreignViolations of the Arab world’s sovereignty.The call from the leading institution comes before the Arab foreign ministers hold a virtual emergency meeting Tuesday on Libya in response to an Egyptian request amid increasing military Turkish intervention in the oil-rich country.”Al Azhar repeats its categorical rejection of the principle of guardianship that some countries are trying to impose on the Arab world and use it as a...
Kuwait says won't budge from 'fixed' anti-normalisation stance following UAE-Israel deal: reports
Kuwait has assuredit will not followthe United Arab Emirates in formingties with Israel, assuring its position on normalisation with theJewish stateis permanent, government sources said.The Gulf state’s stance on normalisation with Israel is “fixed and will not change”, the sources said, according to Kuwaiti newspaper Al-Qabas.“Kuwait maintains its position and will be the last country [on earth] to normalise with Israel,” the source said.The news platform also affirmed its position on the matter was consistent with Kuwait’s decades-old established foreign policy approach toward the Israel-Pal...
Investors keep a cautious stance on global stocks
Dubai: Although global markets continue to rally, albeit at a slower-than-usual pace, investors ponder whether any of the recent macroeconomic developments warrant pulling out their investments or staying the course.“Global macro keeps surprising on the upside overall but is somehow kept in check by ambiguous political developments,” said Stéphane Barbier de la Serre, macro strategist at Makor Capital Markets.“Monetary and fiscal policies remain massively accommodative across both hemispheres,” Barbier de la Serre added. “Against such a supportive background, investors remain characteristicall...
Pereira an option but Arsenal hopeful Atletico Madrid soften Partey stance
Arsenal are hopeful Atletico Madrid will soften their stance on Thomas Partey.The Spanish giants insists they will not sell for less than Partey's release clause of €50m.Matteo Guendouzi has reportedly been offered as a makeweight in the deal, but Atleti are not interested.The coronavirus pandemic and failing to qualify for Europe has stretched the Gunners financially.However, the same can be said of Atleti, who have been unable to reward Partey with a new contract and thus increase his release clause.Goal says the north London club think Atleti could lower their demands once their Champions L...
Magu: 24 CSOs back Buhari, reject foreign groups stance
A Coalition of 24 Civil Society Organizations for Good Governance and Electoral Integrity in Nigeria (C24), have condemn some international anti-corruption organisations for being biased on the ordeal of the suspended acting Chairman of the EFCC, Ibrahim Magu.The Executive Director Ambassadors for Accountability (AAI), Comrade Ogalagu Amaechi and the Executive Director, NACCRAN, Hajia Zainab Mohammed who spoke on behalf of the organisations on Friday in Abuja, rejected what they said was the shameful position of some organisations in Europe, with a Nigerian counterpart organisation.According t...
U.S. taking tougher stance against China's claims in S. China Sea
The U.S. government said Monday that it is taking a tougher stance against China's maritime assertiveness in the South China Sea, calling Beijing's claims to offshore resources across most of the disputed waters "completely unlawful."The United States seeks to defend a rules-based international order in the area and oppose any attempt to use coercion or force to settle disputes, but such interests shared with many U.S. allies have come under "unprecedented threat" from China, Secretary of State Mike Pompeo said in a statement."The United States champions a free and open Indo-Pacific. Today we ...