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Nvidia reports 'off the charts' demand for AI chips
Nvidia shares climbed Wednesday after it beat quarterly earnings expectations on fierce demand for its sophisticated chips that power artificial intelligence. - China sales stalled - Nvidia reported profit of $31.9 billion on record-high quarterly revenue of $57 billion, sending shares up more than 5 percent.
Many US Fed members inclined against December cut: minutes
Many US Federal Reserve officials were leaning against another rate cut in December, meeting minutes showed Wednesday, a move sure to infuriate President Donald Trump as he pushes for lower rates. According to the minutes released Wednesday, "participants expressed strongly differing views about what policy decision would most likely be appropriate" in December.
Swiss queasy over chlorinated chicken fears in US tariff deal
Relief has given way to anxiety in Switzerland over the concessions made to spare the small Alpine nation from US President Donald Trump's threat of a stark 39 percent tariff. A factsheet published by the White House revealed that Switzerland agreed to recognise US vehicle safety norms, raising questions over whether the polarising cars will soon be a fixture of the country's alpine roads.
China, Netherlands move to resolve Nexperia chip row
The Netherlands said Wednesday it had suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will", a move China welcomed as a positive "first step". "We see this as a show of good will," he said of his move to suspend the takeover, vowing to continue talking to Chinese officials.
EU states back new delay to anti-deforestation rules
EU member states Wednesday backed a new one-year delay to landmark anti-deforestation rules that have hit a wall of opposition from businesses and trading partners, diplomats told AFP. Already delayed by a year, the rollout of the law banning imports of products driving deforestation would be pushed back to the end of 2026 under plans backed by a majority of member states.
Trump tariff hikes hit US August imports, delayed data shows
President Donald Trump's tariff hikes on dozens of trading partners hit US imports in August, according to a Wednesday report delayed by a record government shutdown that ended last week. Trade flows have been heavily swayed this year by President Donald Trump's fast-changing tariff policies, with importers rushing to stock up on inventory ahead of planned hikes in duties.
With Shein, Temu rising, EU to overhaul consumer protection rules
Faced with the explosive growth of online shopping platforms like Shein and Temu, the EU executive said on Wednesday it was time to reform consumer protection rules to match the new reality in e-commerce. "We must ensure that EU consumer law continues to provide strong protection, safeguarding consumer autonomy and freedom of choice," EU commissioner Michael McGrath said.
Mammoth German rail project hits the buffers - again
The opening of a mammoth German rail project, which has become emblematic of the infrastructure woes plaguing Europe's biggest economy, has been delayed yet again, reports said Wednesday. The project has come to symbolise the deterioration of German rail services in recent years, and more broadly the country's infrastructure, from crumbling bridges to patchy internet coverage.
Netherlands halts Nexperia takeover in gesture to China: minister
The Netherlands has suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will" towards Beijing, Dutch Economy Minister Vincent Karremans said Wednesday. On Wednesday, Karremans said that "in light of recent developments, I consider it the right moment to take a constructive step by suspending my order under the Goods Availability Act regarding Nexperia".
AFP
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