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Philippe Clement's Rangers 'consistency' claim blown apart as form guide tells a very different story( MENAFN - IANS) Washington, Dec 2 (IANS) The United States has announced a new Semiconductor export control package against China, including curbs on high-end chips for artificial intelligence (AI) that are likely to affect the South Korean industry. The Commerce Department's Bureau of industry and Security (BIS) unveiled the package on the federal Register, including restrictions on exports of high bandwidth memory (HBM) chips. Two South Korean firms -- Samsung Electronics and SK hynix -- and Micron technology lead the global HBM market. The package comes as President Joe Biden is set to leave office on Jan. 20 with President-elect Donald Trump expected to adopt a tough policy stance on China. It is in line with Washington's efforts to limit China's access to key technologies on national security grounds, reports Yonhap news agency. "This action is the culmination of the Biden-Harris Administration's targeted approach, in concert with our allies and partners, to impair the PRC's ability to indigenize the production of advanced technologies that pose a risk to our national security," Secretary of Commerce Gina Raimondo said. PRC stands for China's official name, the People's Republic of China. For the latest package, the BIS applied Foreign Direct Product Rules, under which a product, produced in a foreign country, is also subject to restrictions if it is made using U.S. technology, software or tools. The HBM curbs -- with a compliance date of December 31 -- target chips with a memory bandwidth density greater than 2 gigabytes per second per square millimeter, according to the BIS. The curbs could affect Samsung as it ships some of its HBM products to China, while little immediate impact is expected for SK hynix given that the company exports all of its HBM products to the United States, according to industry observers. The BIS stressed the importance of curbs on HBM commodities for AI applications that it said can enable advanced military and intelligence applications, lower the barriers to entry for non-experts to develop weapons of mass destruction, support offensive cyber operations and assist in using mass surveillance to commit human rights abuses. The Commerce Department also announced new controls on 24 types of semiconductor manufacturing equipment (SME) and three types of software tools for developing or producing semiconductors as well as the addition of 140 entities -- linked to China's military modernisation -- to its "Entity List." The department established new Foreign Direct Product controls for certain SME items that originate in foreign countries, but are produced with U.S. technology, software or tools -- a move that could affect Korean-made chipmaking equipment exports. Japan, the Netherlands and 31 other countries, which implement export controls equivalent to those of the U.S., are excluded from certain SME license requirements for exports, but South Korea is not among those countries. Of the 140 entities added to the export control list, two are Korea-based companies -- ACM Research Korea Co. and Empyrean Korea. China's foreign ministry vowed to take "resolute measures" in response to the fresh export curbs. "We have repeatedly made clear our position on this issue. China firmly opposes the U.S.' overstretching the concept of national security, abusing export controls, and maliciously blocking and suppressing China," Lin Jian, the ministry's spokesperson, told a press briefing. "This type of behaviour seriously violates the laws of market economy and the principle of fair competition, disrupts international economic and trade order, destabilises global industrial and supply chains, and will eventually harm the interests of all countries," he added. -IANS na/ MENAFN02122024000231011071ID1108948936 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn't just Apple, Nvidia and the like. Bitcoin, gold and other investments also drove higher. Here's a look at some of the numbers that defined the year. All are as of Dec. 20. Remember when President Bill Clinton got impeached or when baseball's Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so far this year, not including dividends, following last year's spurt of 24.2%. The number of all-time highs the S&P 500 has set so far this year. The first came early, on Jan. 19, when the index capped a two-year comeback from the swoon caused by high inflation and worries that high interest rates instituted by the Federal Reserve to combat it would create a recession. But the index was methodical through the rest of the year, setting a record in every month outside of April and August, according to S&P Dow Jones Indices. The latest came on Dec. 6. The number of times the Federal Reserve has cut its main interest rate this year from a two-decade high, offering some relief to the economy. Expectations for those cuts, along with hopes for more in 2025, were a big reason the U.S. stock market has been so successful this year. The 1 percentage point of cuts, though, is still short of the 1.5 percentage points that many traders were forecasting for 2024 at the start of the year. The Fed disappointed investors in December when it said it may cut rates just two more times in 2025, fewer than it had earlier expected. RELATED STORY | FBI arrests man charged with planning an attack on the New York Stock Exchange That’s how many points the Dow Jones Industrial Average rose by the day after Election Day, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world. The more widely followed S&P 500 soared 2.5% for its best day in nearly two years. Aside from bitcoin, stocks of banks and smaller winners were also perceived to be big winners. The bump has since diminished amid worries that Trump’s policies could also send inflation higher. The level that bitcoin topped to set a record above $108,000 this past month. It's been climbing as interest rates come down, and it got a particularly big boost following Trump's election. He's turned around and become a fan of crypto, and he's named a former regulator who’s seen as friendly to digital currencies as the next chair of the Securities and Exchange Commission, replacing someone who critics said was overly aggressive in his oversight. Bitcoin was below $17,000 just two years ago following the collapse of crypto exchange FTX. Gold's rise for the year, as it also hit records and had as strong a run as U.S. stocks. Wars around the world have helped drive demand for investments seen as safe, such as gold. It's also benefited from the Fed's cut to interest rates. When bonds are paying less in interest, they pull away fewer potential buyers from gold, which pays investors nothing. It's a favorite number of Elon Musk, and it's also a threshold that Tesla's stock price passed in December as it set a record. The number has a long history among marijuana devotees, and Musk famously said in 2018 that he had secured funding to take Tesla private at $420 per share. Tesla soared this year, up from less than $250 at the start, in part because of expectations that Musk's close relationship with Trump could benefit the company. RELATED STORY | Wealthier Americans are driving retail spending and powering US economy That's how much revenue Nvidia made in the nine months through Oct. 27, showing how the artificial intelligence frenzy is creating mountains of cash. Nvidia's chips are driving much of the move into AI, and its revenue through the last nine months catapulted from less than $39 billion the year before. Such growth has boosted Nvidia's worth to more than $3 trillion in total. GameStop’s gain on May 13 after Keith Gill, better known as “Roaring Kitty,” appeared online for the first time in three years to support the video game retailer’s stock, which he helped rocket to unimaginable heights during the “ meme stock craze ” in 2021. Several other meme stocks also jumped following his post in May on the social platform X, including AMC Entertainment. Gill later disclosed a sizeable stake in the online pet products retailer Chewy, but he sold all of his holdings by late October. That's how much the U.S. economy grew, at annualized seasonally adjusted rates, in each of the three first quarters of this year. Such growth blew past what many pessimists were expecting when inflation was topping 9% in the summer of 2022. The fear was that the medicine prescribed by the Fed to beat high inflation — high interest rates — would create a recession. Households at the lower end of the income spectrum in particular are feeling pain now, as they contend with still-high prices. But the overall economy has remained remarkably resilient. This is the vacancy rate for U.S. office buildings — an all-time high — through the first three quarters of 2024, according to data from Moody's. The fact the rate held steady for most of the year was something of a win for office building owners, given that it had marched up steadily from 16.8% in the fourth quarter of 2019. Demand for office space weakened as the pandemic led to the popularization of remote work. That's the total number of previously occupied homes sold nationally through the first 11 months of 2024. Sales would have to surge 20% year-over-year in December for 2024's home sales to match the 4.09 million existing homes sold in 2023, a nearly 30-year low. The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. A shortage of homes for sale and elevated mortgage rates have discouraged many would-be homebuyers.Global Tannin Market Set For 7.9% Growth, Reaching $3.61 Billion By 2028Israel detains the director of one of northern Gaza's last functioning hospitals, Palestinians say DEIR AL BALAH, Gaza Strip (AP) — Gaza's Health Ministry says Israel’s army has detained the director of one of northern Gaza's last functioning hospitals. The announcement on Saturday came after health officials said Israeli troops stormed the hospital on Friday and forced many staff and patients outside and told them to strip in winter weather. Israel’s army didn’t respond to questions about the hospital director. It denied it had entered or set fire to the complex but acknowledged it had ordered people outside. It said it was conducting operations against Hamas in the area. The military repeated claims that Hamas militants operate inside Kamal Adwan Hospital, which officials there have denied. Israeli airstrikes hit a Yemen airport as a jet with hundreds onboard was landing, UN official says UNITED NATIONS (AP) — The top U.N. humanitarian official in Yemen says Israeli airstrikes hit Yemen’s main airport as a civilian Airbus 320 with hundreds of passengers on board was landing this week. He says a U.N. delegation led by the head of the World Health Organization was waiting to leave on Thursday as two Israeli airstrikes hit the airport in the capital of Sanaa. Julien Harneis told U.N. reporters on Friday that the most frightening thing about the airstrikes wasn’t the effect on him and about 15 others in the VIP lounge at the international airport. Rather, it was the destruction of the airport control tower as a Yemenia Airways plane was taxiing in after touching down. Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office President-elect Donald Trump has asked the Supreme Court to pause the potential TikTok ban from going into effect until his administration can pursue a “political resolution” to the issue. Trump's request Friday came as TikTok and the Biden administration filed opposing briefs to the court. Oral arguments are scheduled for Jan. 10 on whether the law, which requires TikTok to divest from its China-based parent company or face a ban, unlawfully restricts speech in violation of the First Amendment. The brief said Trump opposes banning TikTok at this junction and “seeks the ability to resolve the issues at hand through political means once he takes office.” Bloodied Ukrainian troops risk losing more hard-won land in Kursk to Russia KYIV, Ukraine (AP) — Five months after their shock offensive into Russia, Ukrainian troops are bloodied by daily combat losses and demoralized by the rising risk of defeat in Kursk. Some want to stay in the region at all costs. Others question the value of having gone in at all. Battles are so intense that commanders are unable to evacuate their dead. Lags in communication and poorly timed operations have cost lives and commanders say they have little way to counterattack. The overstretched Ukrainians have lost more then 40% of the territory they won in the lightning incursion that seized much of Kursk in August. US to send $1.25 billion in weapons to Ukraine, pushing to get aid out before Biden leaves office WASHINGTON (AP) — U.S. officials say the United States is expected to announce it will send another $1.25 billion in military assistance to Ukraine. It's part of a push by the Biden administration to get as much aid to Kyiv as possible before leaving office on Jan. 20. Officials say the large package of aid includes a significant amount of munitions, including for the National Advanced Surface-to-Air Missile Systems and the HAWK air defense system. It also will provide Stinger missiles and 155 mm- and 105 mm artillery rounds. The officials say they expect the announcement will be made on Monday. They spoke on condition of anonymity to provide details not yet made public. An online debate over foreign workers in tech shows tensions in Trump's political coalition WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display. The argument previews fissures and contradictory views his coalition could bring to the White House. The rift laid bare tensions between the newest flank of Trump’s movement — that is, wealthy members of the tech world who want more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. Canadian Cabinet ministers meet with Trump's nominee for commerce secretary in bid to avoid tariffs TORONTO (AP) — Two top Canadian Cabinet ministers have met with President-elect Donald Trump’s nominee for commerce secretary at Mar-a-Lago as Canada tries to avoid sweeping tariffs when Trump takes office. New Finance Minister Dominic LeBlanc and Foreign Minister Mélanie Joly met with Howard Lutnick, Trump’s nominee for commerce secretary, as well as North Dakota Gov. Doug Burgum, Trump’s pick to lead the Interior Department. The meeting was a follow up to Canadian Prime Minister Justin Trudeau’s meeting with Trump at Mar-a-Lago last month. Trump has threatened to impose sweeping tariffs if Canada does not stem what he calls a flow of migrants and fentanyl into the United States. Former Indian Prime Minister Manmohan Singh, who instituted economic reforms, cremated in New Delhi NEW DELHI (AP) — Manmohan Singh, the former Indian prime minister widely regarded as the architect of the country’s economic reform program, has been cremated after a state funeral. The veteran leader, who was also credited for a landmark nuclear deal with the United States, died late Thursday at age 92. Singh’s body was taken Saturday to the headquarters of his Congress party in New Delhi, where party leaders and activists paid tributes to him and chanted “Manmohan Singh lives forever.” Later, his body was transported to a crematorium ground for his last rites as soldiers beat drums. A mild-mannered technocrat, Singh was prime minister for 10 years until 2014. Winning ticket for $1.22 billion lottery jackpot sold in California, Mega Millions says At least one Mega Millions player has plenty of dough to ring in the New Year after drawing the winning number. After three months without anyone winning the top prize in the lottery, a ticket worth an estimated $1.22 billion was sold in California for the drawing Friday night. The California Lottery said the winning ticket was sold at Circle K (Sunshine Food and Gas) on Rhonda Rd. in Cottonwood. The winning ticket matched the white balls 3, 7, 37, 49, 55 and the gold Mega Ball 6. The identity of the winner or winners was not immediately known. The estimated jackpot was the fifth-highest ever for Mega Millions. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks.
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Digital Badges Market Future Trends, Business Growth, Size, Share, Segmentation, Dynamics and Forecast to 2028
Company will implement innovative Mission Partner Environment to securely share information with global mission partners FALLS CHURCH, Va. , Dec. 20, 2024 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics GD , announced today it was awarded a new $5.6 billion contract by the Air Force Mission Partner Capabilities Office. The single award, indefinite-delivery indefinite-quantity contract, awarded in November, has a five-year base period and a five-year option. Mission Partner Environments (MPEs) enable the military and its trusted partners to securely communicate, collaborate and share information at multiple levels of classification in real time so decision makers can rapidly adapt to changing mission dynamics. Under the contract, GDIT will modernize, integrate, operate and sustain the Department of Defense's MPE. The company will provide a portfolio of services including mission, cyber and enterprise IT services and infrastructure. This contract will also advance interoperability – the ability to seamlessly connect multiple systems together – with U.S. government and non-government entities and international coalition partners in support of the National Defense Strategy. "The complexity of global threats necessitates the urgency to create agile, secure and seamless information-sharing environments with our trusted partners," said Amy Gilliland , GDIT's president. "We look forward to implementing an integrated Mission Partner Environment that will serve as a blueprint for future efforts across the Department of Defense." GDIT has more than three decades of experience delivering some of the largest MPE programs globally. This includes operating the largest coalition intelligence sharing program in the world as well as implementing an MPE network for U.S. Army Europe and Africa . At Talisman Sabre 2023, the company also demonstrated the first ever Zero Trust exercises to enable rapid, secure and seamless data sharing between global mission partners in battlefield environments with limited to no internet connectivity. GDIT is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics Information Technology is available at www.gdit.com . More information about General Dynamics is available at www.gd.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/gdit-awarded-mission-partner-environment-contract-302337479.html SOURCE General Dynamics © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Analysis: Protecting QBs from violent late hits like the one that leveled Trevor Lawrence isn't easy