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Nvidia’s Chief Says U.S. Chip Controls on China Have Backfired

Jensen Huang, the chipmaker’s top executive, said the attempt to cut off the flow of advanced A.I. chips spurred Chinese companies to “accelerate their development.”

© Ann Wang/Reuters

“All in all, the export control was a failure,” Jensen Huang, the chief executive of Nvidia, said at a news conference in Taipei, Taiwan, on Wednesday.
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Israel-Gaza war live: Israel ‘very close’ to committing war crimes, says former PM as UN warns aid still being blocked

Former Israeli prime minister Ehud Olmert says Netanyahu’s government was a fighting ‘a war without a purpose’

Israeli media reports that an IDF attack helicopter has launched missile that landed inside southern Israel near Gaza border. The IDF said the incident was under investigation.

The amount of aid Israel has started to allow into the Gaza Strip is not nearly enough and is “a smokescreen to pretend the siege is over,” the MSF aid group said on Wednesday.

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© Photograph: Anadolu/Getty Images

© Photograph: Anadolu/Getty Images

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Russia-Ukraine war live: Putin visits Kursk region for first time since recapturing from Ukraine

Kremlin said the Russian president visited the region on Tuesday and met with the interim government

Ukraine will ask the EU next week to consider big new steps to isolate Moscow, including seizing Russian assets and bringing in sanctions for some buyers of Russian oil, as US president Donald Trump has backed off from tightening sanctions, reports Reuters in an exclusive.

A previously unreported Ukrainian white paper to be presented to the EU calls for the 27-member bloc to take a more aggressive and independent position on sanctions as uncertainty hangs over Washington’s future role.

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© Photograph: AP

© Photograph: AP

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Capitalism and Its Critics by John Cassidy review – brilliant primer on leftwing economics

From Marx to Piketty, a sprawling but marvellously lucid overview of capitalism’s naysayers

Capitalism has a way of confounding its critics. Like one of those fairground punching bags, it pops right back up every time a crisis knocks it down. Friedrich Engels learned this the hard way. “The American crash is superb,” he enthused in a letter to Karl Marx in 1857: this was communism’s big chance. Well, not quite. The US Treasury stepped in, recapitalising banks with its gold reserves; in Britain the Bank Charter Act was suspended to enable the printing of money. The rulebook was torn up and capitalism saved.

So it has always been. Every time we have teetered close to the precipice, big government has swooped down to save the day. The name of the game is “managed capitalism” and it has been a going concern for more than 200 years. This is the theme of John Cassidy’s new book, a marvellously lucid overview of capitalism’s critics, written in good old-fashioned expository prose – if at times a touch workmanlike compared with some of his subjects, such as exhilarating stylists Marx and Carlyle.

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© Photograph: Sergey Yatunin/Alamy

© Photograph: Sergey Yatunin/Alamy

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‘Difficult choices’: aid cuts threaten effort to reduce maternal deaths in Nigeria

Staff at a UN-run clinic in country’s north-east worry about growing funding gaps amid dismantling of USAID

At a UN-run antenatal clinic in a camp for people displaced by Boko Haram, the colours stand out like the bellies of the pregnant women. Abayas in neon green, dark brown and shades of yellow graze against the purple and white uniforms of nurses attending to them in the beige-orange halls of the maternal healthcare facility.

Within the clinic in Maiduguri in north-east Nigeria, midwives and nurses are handing out free emergency home delivery kits, “dignity kits” for sexual abuse survivors and reusable sanitary pads to curb exploitation of young girls who cannot afford them.

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© Photograph: Fati Abubakar/The Guardian

© Photograph: Fati Abubakar/The Guardian

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German finance minister calls for swift resolution to Trump tariff wars as G7 finance ministers meet in Canada – Europe live

Finance ministers are meeting in Banff, Alberta to discuss Ukraine and Trump’s trade policy

Finance ministers of the world’s seven largest economies – G7 – are meeting in Banff, Alberta in Canada to discuss their ideas on Ukraine and concerns about disruptions resulting from Donald Trump’s unorthodox trade policy.

Before the meeting, German finance minister Lars Klingbeil warned that trade disputes with the US should be resolved as soon as possible, as he stressed they were a burden on the economy and job security.

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© Photograph: Kay Nietfeld/dpa

© Photograph: Kay Nietfeld/dpa

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