World
AI Summary
- A significant memory crunch is developing, threatening to delay new GPU launches and impacting smartphone production across major tech firms.
- The US is leading international efforts to stabilize critical mineral supply chains and decrease dependence on China, including promoting price floors and establishing strategic reserves.
- Competition in the pharmaceutical sector is intensifying, with new, more affordable versions of popular weight-loss medications causing notable market shifts and stock declines for incumbents.
- The US labor market is showing clear signs of deceleration, marked by a sharp drop in job openings to a five-year low and a rise in initial jobless claims.
- Global trade dynamics are undergoing a substantial shift as countries, including Canada and those in Europe, re-evaluate and de-risk their economic dependencies amid geopolitical tensions and evolving US trade policies.
ZeroHedge
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Nvidia Could Delay New GPU Due To Deepening Memory Crunch
6 minutes ago
by Tyler Durden
Nvidia Could Delay New GPU Due To Deepening Memory Crunch News flow around the memory crunch is accelerating by the week, and the casualty list is growing. Just this morning, Qualcomm and Arm Holdings warned that shortages of high-bandwidth memory (HBM) could crimp smartphone production this year. Apple signaled earlier this week that it will prioritize higher-end iPhone models, while Nintendo shares slid as soaring HBM costs threaten to squeeze margins. The alarm bells are getting louder after a new report from The Information, citing two sources, saying Nvidia won't release a new gaming GPU (RTX 60 series) this year due to a HBM supply
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New York Mayor Mamdani Pays Hospital Visit To Man Who Tried To Kill A Cop
26 minutes ago
by Tyler Durden
New York Mayor Mamdani Pays Hospital Visit To Man Who Tried To Kill A Cop Authored by Tim O'Brien via PJMedia.com, While snow and ice continue to wreak havoc in New York, while the homeless continue to live in deadly cold conditions on the street without the city’s safety net of warm shelter when the weather gets below freezing, and as the mayor himself warns residents of a dire fiscal crisis ahead, Zohran Mamdani found time this week to visit a man in the hospital who tried to kill a police officer with a knife. Police were forced to shoot Jabez Chakraborty on Jan. 26 after the
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US Pushes Price Floors At Global Minerals Summit To Cut China Dependence
an hour ago
by Tyler Durden
US Pushes Price Floors At Global Minerals Summit To Cut China Dependence The US convened officials from 55 countries on Wednesday for a critical minerals summit focused on stabilizing supply chains and reducing reliance on China, according to Bloomberg. The Trump administration promoted price floors and expanded private investment to secure reliable access for American manufacturers. The European Union, Japan, and Mexico agreed to work with Washington on new policies, including possible price floors, and toward a binding multilateral trade agreement, according to the US Trade Representative. These moves signal closer coordination among allies to address supply vulnerabilities. “Today, the international market for
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Beijing's Big Short: Meet The Chinese "Anti Hunt Brother" Billionaire Betting Against Silver Bulls
an hour ago
by Tyler Durden
Beijing's Big Short: Meet The Chinese "Anti Hunt Brother" Billionaire Betting Against Silver Bulls Born in 1963 in Zhuji, Zhejiang Province, right in the middle of some pretty chaotic times in China’s history, reclusive billionaire Bian Ximing grew up to become a commodity titan after making some huge bets in the metals markets over the past few years. In 2003, he bought Zhongcai Futures Co., which would become the centerpiece of his trading empire. Bian spends much of his time in Gibraltar, and previously made nearly $3 billion from bullish bets on Shanghai Futures Exchange gold contracts since early 2022. It is unknown if he
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$49 Wegovy Copycat Pill Sparks Selloff In Novo Shares
2 hours ago
by Tyler Durden
$49 Wegovy Copycat Pill Sparks Selloff In Novo Shares Just when Goldman's long-time Novo Nordisk bull James Quigley likely thought the downside was exhausted, the stock plunged yet again on Thursday after tumbling earlier this week following a dismal sales outlook. Shares dropped below the six-month base in the stock around the 300 kroner level after telehealth firm Hims & Hers Health rolled out a cheaper copycat version of Wegovy, delivering another blow to the beleaguered Danish drugmaker. "Today, we're taking the next step in personalized care by introducing a Compounded Semaglutide Pill for weight loss, with introductory plans starting at just $49
The Guardian
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Nigeria sends troops to villages attacked by jihadist fighters
5 hours ago
by Carlos Mureithi and agencies
Nigeria, Africa, World newsPresident says army will ‘checkmate barbaric terrorists’ who attacked Woro and Nuku in Kwara state, killing 170 people Nigeria will deploy an army battalion to a district in the west of the country where suspected jihadist fighters killed 170 people in attacks in two villages in the region on Tuesday night, the office of the president has said. In the country’s deadliest armed assault this year, gunmen attacked Woro and Nuku villages in Kaiama district in Kwara state, shooting residents, razing homes and looting shops. Continue reading...
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Gunmen kill more than 160 people in attacks on two west Nigeria villages
a day ago
by Carlos Mureithi in Nairobi, Eromo Egbejule in Katsina, Nigeria, and agencies
Nigeria, Africa, World newsLocal politician says armed men rounded up residents, bound their hands behind their backs and shot them More than 160 people have been killed in two villages in western Nigeria in the country’s deadliest armed assaults this year, as communities reel from repeated and widespread acts of violence perpetrated by jihadists and other armed groups. The death toll from Tuesday’s attacks in Woro and Nuku in Kwara state stood at 162 on Wednesday afternoon, according to Mohammed Omar Bio, a member of parliament representing the area. Continue reading...
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Ugandan opposition leader still in hiding as feud with president’s son escalates
a day ago
by Carlos Mureithi in Nairobi
Uganda, Africa, World newsBobi Wine’s whereabouts unknown since he fled what he said was night raid on his home by police and military Bobi Wine, Uganda’s most prominent opposition figure, remains in hiding nearly three weeks after a disputed election, as a high-stakes social media feud with the east African country’s military chief escalates. Wine’s whereabouts have been unknown since 16 January, when he fled what he said was a night raid by the police and military on his home, leaving his family behind. Continue reading...
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Death of Nigerian singer after snakebite highlights crisis of ‘preventable’ fatalities
a day ago
by Kat Lay Global health correspondent
Global development, Snakes, Health, Nigeria, Africa, Animals, World news, Global health, SocietyIfunanya Nwangene died in hospital after being bitten in her Abuja home, raising questions about the availability of effective antivenoms In a last message to her friends, Ifunanya Nwangene wrote: “Please come.” The 26-year-old singer and former contestant on The Voice Nigeria had been bitten by a snake while asleep in her flat in Nigeria’s capital, Abuja, and was in hospital, anxiously awaiting treatment. Continue reading...
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Trump-led abuses amid ‘democratic recession’ put human rights in peril, HRW report says
2 days ago
by Karen McVeigh
Human rights, Global development, Governance, Trump administration, US news, US politics, World news, China, Russia, International law, Asia Pacific, Europe, European Union, Canada, Press freedom, Americas, Morocco, Iran, Protest, Protest (US), Africa, Middle East and north AfricaRights group says growing authoritarianism and abuses in US, Russia and China threaten global rules-based order The world is in a “democratic recession” with almost three-quarters of the global population now living under autocratic rulers – levels not seen since the 1980s, according to a new report. The system underpinning human rights was “in peril”, said Philippe Bolopion, executive director of Human Rights Watch (HRW), with a growing authoritarian wave becoming “the challenge of a generation”, he said. Continue reading...
South China Morning Post
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Trump to unveil ‘TrumpRX’ website for people to buy discounted prescription drugs
28 minutes ago
by Bloomberg
US President Donald Trump plans to unveil a website on Thursday allowing people to directly buy prescription drugs, part of his push to address Americans’ concerns about affordability. The president is scheduled to host a 7pm event to launch the site - branded as TrumpRx - at the White House alongside Centres for Medicare and Medicaid Services Administrator Mehmet Oz and government design chief Joe Gebbia, White House Press Secretary Karoline Leavitt posted on social media. The website is...
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Trump announces White House visit by Japanese PM Takaichi on March 19
an hour ago
by Agence France-Presse
Japanese Prime Minister Sanae Takaichi will visit the White House on March 19, President Donald Trump said on Thursday, praising the Asian country’s first female leader ahead of weekend snap elections she is expected to win. Takaichi “has already proven to be a strong, powerful, and wise Leader, and one that truly loves her Country”, Trump wrote in a post on Truth Social as he announced her visit next month. The United States and Japan have been working to strike a “very substantial” deal on...
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Russian captain jailed for 6 years for death of crew member in North Sea tanker crash
2 hours ago
by Agence France-Presse
A Russian captain was on Thursday jailed for six years over the death of a crew member lost at sea when his cargo ship hit an anchored oil tanker in the North Sea. Vladimir Motin, 59, had been on sole watch duty when his ship, the Solong, crashed into the Stena Immaculate anchored just off the coast of Yorkshire, northeastern England, last March. The collision triggered a huge fire and a major rescue operation. Motin was an “accident waiting to happen”, judge Andrew Baker said as he sentenced...
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2 Chinese nationals suspected of spying from French Airbnb placed under investigation
3 hours ago
by Reuters
Two Chinese nationals suspected of trying to intercept satellite communications from a base in an Airbnb rental property in southwestern France have been placed under formal investigation, the Paris public prosecutor’s office said on Thursday. Police were first alerted last week when locals noticed that a roughly two-metre (6.6-foot) wide satellite dish being installed at the property in Gironde, which coincided with an internet outage, the office said. The two Chinese nationals, and two...
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Bitcoin drops, driving US$2 trillion slide in crypto market value
6 hours ago
by Reuters
Bitcoin plunged on Thursday, its decline accelerating amid weakening risk sentiment driven in part by volatility in precious metals and a broad sell-off in tech shares. The world’s largest cryptocurrency fell to a low of US$66,675.12, its weakest since October 2024, a month before Republican Donald Trump won the US presidential election, having signalled his intention to support cryptocurrency on the campaign trail. It was last down 6.5 per cent at US$67,817. In total, the global digital market...
New York Times
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Carney Increases E.V. Investments as Trump’s Trade Policy Disrupts Canada’s Auto Industry
an hour ago
by Ian Austen
Electric and Hybrid Vehicles, International Trade and World Market, Automobiles, United States International Relations, Customs (Tariff), General Motors, Stellantis NV, Carney, Mark J, Trump, Donald J, Canada, United StatesPrime Minister Mark Carney announced several measures Thursday aimed at making Canada a global leader in electric vehicles and rescuing an industry ravaged by U.S. trade policy.
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U.S. Automakers’ Foreign Troubles Now Extend to Canada
12 days ago
by Jack Ewing
Automobiles, Electric and Hybrid Vehicles, Customs (Tariff), International Trade and World Market, Ford Motor Co, General Motors, SAIC Motor Corporation Ltd, Canada, BYD Co Ltd, United States Politics and Government, United States International Relations, Factories and Manufacturing, Sports Utility Vehicles and Light Trucks, Oil (Petroleum) and Gasoline, United States Economy, Stellantis NV, Tesla Motors Inc, Carney, Mark J, Trump, Donald J, China, Mexico, United States, Ontario (Canada)U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
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White House Offers Shifting Story on Gabbard’s Presence at Georgia Raid
42 minutes ago
by Erica L. Green
Trump, Donald J, Gabbard, Tulsi (1981- ), Bondi, Pamela J, Federal Bureau of Investigation, Voter Fraud (Election Fraud)President Trump said Thursday that Attorney General Pam Bondi had directed Tulsi Gabbard to be present for an operation at an election center. It was the administration’s fourth explanation for her presence.
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TrumpRx Is Set to Go Live on Thursday
2 hours ago
by Rebecca Robbins
Drugs (Pharmaceuticals), United States Politics and Government, Eli Lilly and Company, Novo Nordisk A/S, GoodRx Inc, Health Insurance and Managed Care, GLP-1 RAs (Drug), Trump, Donald J, United States, Prices (Fares, Fees and Rates)The government website is meant to connect Americans with drug companies to buy prescriptions directly with their own money. It is not clear how many patients will save money.
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Trump’s Migrant Detention Pipeline Extends From Minnesota to El Paso
4 hours ago
by Pooja Salhotra and Jazmine Ulloa
Illegal Immigration, Immigration Detention, Federal Actions in US Cities, Homeland Security Department, Immigration and Customs Enforcement (US), El Paso (Tex), Fort Bliss (Tex), Minneapolis (Minn)Immigrants apprehended in Minnesota are being sent to a gigantic West Texas detention center where lawyers and detainees say conditions are deplorable, then released in El Paso to find their way home.