By Praveen Menon and Sam Holmes SYDNEY (Reuters) – A blowout in visa processing times in Australia has left about a million prospective workers stuck in limbo, worsening the acute staff shortages that have crippled businesses and dampened economic sentiment. Strict border controls for two years and an exodus of holiday workers and foreign students…
By Stephen Nellis and Jane Lanhee Lee (Reuters) -Chip designer Nvidia Corp on Wednesday said that U.S. officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms’ ability to carry out advanced work like image recognition and hamper a business Nvidia expects…
(Reuters) – Chip designer Nvidia Corp said on Wednesday the U.S. government has imposed a new license requirement for any future export of its A100 and H100 chips to China, including Hong Kong. (The headline and story have been corrected to say new license requirement is for A100 and H100 chips, not all chips) (Reporting…
DETROIT (AP) — General Motors said Wednesday that a new electric vehicle battery plant built in Ohio has started producing cells, which could help customers get federal tax credits. The joint-venture plant near Warren, Ohio, is focused on training as it prepares to ramp up manufacturing. A spokeswoman for the venture said it is producing…
WASHINGTON (Reuters) – SpaceX will launch five more astronaut missions to the International Space Station at the end of the decade for NASA under a $1.4 billion contract order announced on Wednesday, the U.S. space agency said, boosting the company’s total contracted missions for its Crew Dragon astronaut capsule to 14. (Reporting by Joey Roulette;…
By Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -Finance ministers from the Group of Seven club of wealthy nations will discuss the Biden administration’s proposed price cap on Russian oil when they meet on Friday, the White House said. “This is the most effective way, we believe, to hit hard at Putin’s revenue and doing…
By Stephen Nellis and Jane Lanhee Lee SAN FRANCISCO (Reuters) -Chip technology firm Arm Ltd, which is owned by Softbank Group Corp, said on Wednesday it has sued Qualcomm Inc and Qualcomm’s recently acquired chip design firm Nuvia Inc for breach of license agreements and trademark infringement. Arm is seeking an injunction that would require…
WASHINGTON (Reuters) – A bipartisan group of 38 state attorneys general called on Congress to pass legislation to allow states and other federal agencies to investigate airline passenger complaints. Passenger airlines are exempt from oversight by the Federal Trade Commission and most state investigations under a 1958 law. The state attorneys general said they “have little…
GENEVA (AP) — The number of new coronavirus cases and deaths reported globally continued to fall nearly everywhere in the world in what the World Health Organization described as a “welcome decline” at a media briefing on Wednesday. The U.N. health agency said there were 4.5 million new COVID-19 cases reported last week, a 16%…
By Devik Jain and Sruthi Shankar (Reuters) – U.S. stock indexes struggled for direction on Wednesday and were set for sharp monthly declines as investors worried how much the Federal Reserve will hike interest rates to tame inflation, while chipmakers slid after tepid forecasts from Seagate and HP Inc. The three main indexes were on…
