Free Republic

Psst, wanna buy some innovation?An estimated $1 billion worth of smuggled high-end Nvidia AI processors have reportedly found their way onto the Chinese black market, despite the US government's strict restrictions on exports of the tech. The eyebrow-raising figure, which Nvidia has neither confirmed nor refuted, was revealed by the Financial Times, which claims to have based its reporting on a combination of interviews and analyses of company filings and sales contracts. If accurate, the report sheds light on the limitations of the US trade policy's ability to control the movement of much sought-after AI technology around the world. The...

The trade advantages of being in the European Union single market are “imaginary” and have not helped British exports, according to a new report. It claims the UK’s exports to Europe have grown at a slower rate than our trade with other leading countries outside the EU bloc, over the past four decades. And the proportion of EU trade within Britain’s total exports of goods and services abroad, is no higher than when Britain joined the European Economic Community in 1973, at just over 60 percent. Meanwhile, it points out that Britain’s trade with countries outside the EU—such Iceland, Norway...

Posted on Fri, Jul. 01, 2005 U.S. CONGRESS House blocks efforts to ease U.S. sanctions against Cuba The U.S. House, reversing a years-old trend, dealt a heavy blow to supporters of easing sanctions on Cuba by rejecting three proposals. BY PABLO BACHELET pbachelet@herald.com WASHINGTON - Reversing years of congressional votes that showed supporters of easing U.S. sanctions on Cuba gaining strength, the House on Thursday rejected three such proposals and gave a categorical win to supporters of a tough line on Havana. An amendment seeking to overturn limits on Cuban-Americans' family travel to Cuba was defeated 211-208 -- the first...