5.8-magnitude quake shakes Peru coast; no reports of damage
The quake was felt in the capital of Lima and some rocks fell onto a roadway on the city’s Pacific coastline, but authorities reported no major damages.
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China Quietly Exempts Key US Goods From Tariffs: Report
Chinese officials are quietly drawing up a “whitelist” of critical U.S. goods that importers rely on to exempt them from Beijing’s retaliatory tariffs, Reuters reported, citing unnamed people familiar with the matter. Why It Matters The news adds to a growing number of reports from China of businesses discovering that tariffs have been waived on…
US restricts sales of AI chips Nvidia and AMD to Middle East
The United States has extended restrictions on exports of high-performance AI processors to some Middle Eastern countries. It concerns chips from Nvidia and AMD. A filing by Nvidia, Reuters writes, would indicate that the U.S. government has imposed new export restrictions on the chip and AI giant’s high-performance AI processors in writing. These include the Nvidia A100 and…
Affirmative action admissions programs struck down as unconstitutional
Schools illegally used racial preferences for students The Supreme Court ruled Thursday to block affirmative action in two closely watched lawsuits against Harvard and the University of North Carolina (UNC). The cases, initially brought by a coalition of students, prospective applicants and their parents in 2014, challenged the universities’ use of racial preferences during the…
Exclusive: Trump’s call broke deadlock in Thailand-Cambodia border crisis
BANGKOK, July 31 (Reuters) – First came a push from the Malaysian premier, then China reached out, but it was only after U.S. President Donald Trump called Thailand’s leader last week that Bangkok agreed to talks with Cambodia to end an escalating military conflict. A flurry of diplomatic efforts over a 20-hour window sealed Thailand’s…
Milei scores historic win in Argentina midterms, tightens grip on Congress
Libertarian president’s party wins 41.5% in Buenos Aires province, increasing lower house seats from 37 to 64 Argentine President Javier Milei secured a decisive victory Sunday in midterm elections, expanding his control of Congress and giving his government fresh momentum to push forward with deep spending cuts and sweeping free-market reforms. The result gives Milei’s…
Argentina Logs First Week with No Inflation in Food Prices in 30 Years
For the first time in 30 years, Argentina experienced a zero-percent increase in the inflation rates of food and drinks during the third week of June, President Javier Milei confirmed on Monday morning. A study published on Sunday by Econométrica, a private Argentine consulting firm, first reported the no-inflation week. In its study, Econométrica analyzed…
