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Nvidia’s B30A AI chip China development represents the company’s latest effort to maintain market share despite export restrictions. The new Blackwell architecture-based processor promises superior performance over the current H20 model while navigating complex regulatory requirements. Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there https://t.co/YsOWVtl4rq pic.twitter.com/Lkl9mrNQqc — Reuters (@Reuters) August 19, 2025 Nvidia B30A AI Chip China Launch: H20 Comparison & Blackwell Architecture Nvidia B30A Chip – Source: Nvidia The Nvidia B30A AI chip China project utilizes a single-die design delivering half the computing power of Nvidia‘s flagship B300 accelerator. This Nvidia H20 comparison shows significant improvements in processing capabilities while incorporating high-bandwidth memory and NVLink technology. Revenue Sharing Deal and Expor...

BRICS member China has increased its quota on foreign investments as the country is receiving an influx of funds from institutional clients. Foreign funds have been entering the Chinese stock market in 2025 as the US dollar’s DXY index has fallen to a three-year low. The Communist country is reaping the benefits of a weak USD by allowing more funds from abroad to enter its markets. Also Read: BRICS To Discuss Rare Earth Supply & Exports at 2025 Summit The State Administration of Foreign Exchange (SAFE) raised the forex quota to $170.9 billion for qualified domestic institutional investors. The previous quota stood at $167.8 billion and will come into effect from July 1, 2025. That’s an increase of $3.1 billion in foreign investments just a week ahead of the BRICS 2025 summit in Brazil. China Hikes $3.1 Billion Foreign Investments Ahead of BRICS 2025 Summit Source: Gina Sanders / Fotolia via Wodicka China is leaving no stone unturned to make its economy robust and stronger ah...

BRICS member China is negotiating a new economic deal with 53 African countries that will eliminate all tariffs and give special market access. The latest development could significantly benefit all the least developed countries (LDCs) in Africa and boost their respective economies. “China is ready to welcome quality products from Africa to the Chinese market”, said the Foreign Ministry. The duty-free market access to BRICS member China could make African countries rewrite policies that benefit the two nations. The Xi Jinping administration is leveraging the dissatisfaction with Trump’s policies and is pulling emerging economies into its fold. The new Pew Research Center report shows that 66% of countries have no confidence in Trump’s global policies. Only 24 countries show confidence in Trump and trust him to “do the right thing in world affairs.” Also Read: BRICS Bank Plans To Disburse Loans in National Currencies China knows that a handful of coun...

BRICS expansion could be a major topic of discussion as the total number of countries expressing interest in joining the alliance is growing in 2025. The 17th summit is scheduled to be held on July 7 and 8 in Brazil’s Rio De Janeiro. The 10-member bloc will decide the future of the alliance, and all decisions will be based on consensus. Also Read: BRICS: 2 Countries Settle Oil Trade in New Currency, Discard US Dollar A BRICS expansion in 2025 could also accelerate de-dollarization as more countries look to end reliance on the US dollar. Apart from the sanctions, Trump’s recent tariffs are also making emerging economies distrust the White House policies. Read here to know how many sectors in the US will be impacted if BRICS ditches the dollar for trade. Also Read: BRICS: When Barack Obama Predicted the US Dollar’s Future 44 Countries Show Interest to Join BRICS as Expansion Talks Grow in 2025 Source: ShutterStock Vietnam is the 44th country that has expressed interest in join...

BRICS members Brazil and China have officially agreed to settle cross-border payments in local currencies rather than the US dollar. Brazilian authorities support expanding the use of national currencies and are looking at opportunities to increase the payment option. The Luiz Lula da Silva administration is gearing up to end reliance on the US dollar before the upcoming summit. Also Read: BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar BRICS: Brazil & China Look at Local Currencies For Trade Settlements Source: iStock Both the BRICS members Brazil and China are drawing plans to push local currencies forward for mutual payments. Brazil’s Secretary of the Finance Ministry Tatiana Rosito said that some trade between the two countries is already being settled in national currencies and not the US dollar. Lula da Silva had previously stated that the alliance must slowly end dependency on the US dollar. Also Read: BRICS Considers New Financial Options For Trade Settl...

Formal Fed senior adviser John Rodgers was arrested Friday for allegedly leaking trade secrets to China. Washington DC’s district attorney revealed in a press release that Rodgers, 63, is charged with conspiring to steal Federal Reserve trade secrets for the benefit of the People’s Republic of China. JUST IN: Former Senior Adviser to the Federal Reserve John Rogers arrested for leaking trade secrets to China. — Watcher.Guru (@WatcherGuru) January 31, 2025 The DA says the former Fed senior adviser allegedly made false statements to the Fed Board Office of Inspector General. Those false statements had a material impact on its investigation, the DA says. “The indictment, unsealed today, was announced by U.S. Attorney Edward R. Martin, Jr., FBI Assistant Director in Charge David Sundberg of the Washington Field Office, and John T. Perez, Special Agent in Charge, Headquarters Operations, Office of Inspector General for the Board of Governors of the Federal Reserve System and Con...

1. Japan Advances Economic Stimulus, Proposes 20% Unified Cryptocurrency Tax link The Japanese government has announced plans to advance a new economic stimulus package, expected to receive approval by the end of 2024. The proposed tax reforms include changes to income tax, corporate tax, and cryptocurrency taxation. Currently, Japan’s policy on crypto taxes relies on a vague and fluctuating “miscellaneous tax,” which can levy up to 55% on transactions. Opposition parties are advocating for a standardized 20% tax rate on digital assets. 2. South Korea to Implement 20% Crypto Gains Tax in 2025 link South Korea’s ruling Democratic Party plans to enforce a 20% tax on cryptocurrency gains (22% including local tax) starting in 2025, without further delay. Additionally, the tax exemption threshold will be raised from 2.5 million KRW (approximately $1,795) to 50 million KRW (around $35,919). The revised bill is set to be voted on by the National Assembly’s Tax Subcommittee on November 25 and ...

The US dollar has emerged victorious among its competitors, driving the currency dominance game to new levels. The USD has managed to gain prominence against global contenders, defeating competitors like the Yuan and Ruble in its wake.  However, the ongoing USD surge spell might get jinxed sooner or later as competitors around the world are inching towards magnifying the ditching dollar narrative. With ballooning US debt metrics, credit scores, and inflationary pressure, how long would one assume USD’s dominance to stay unscarred?  Also Read: What’s Happening Between the US Dollar & Japanese Yen in 2024? US Dollar’s Rise, Zenith, and Fall Source: stock.adobe.com The US dollar has emerged as one of the strongest currencies to lead the global financial space. The USD has been performing its best since the start of 2024, despite encountering eroding economic narratives. Per NYT, every major currency has fallen against the USD. Nearly 150 global curre...

BRICS member China is entering Western territory and buying GOLD exploration companies with hard cash worth millions. China’s Yintai Gold firm struck a sale deal with Canada ’s GOLD exploration company Osino for CAD 368 million, which is equivalent to $272 million. China will completely buy the Canadian GOLD exploration firm by paying hard cash worth $272.53 million. Also Read: BRICS Begins Creation of New Digital Payment Platform Before selling the company to China’s Yintai Gold, Osino will end its CAD 287 million deal with Canadian gold miner Dundee Precious Metals. The talks began in December last year between China’s Yintai and Canada’s Osino. The Chinese firm Yintai will also pay a $10 million termination fee for the deal. The development shows that BRICS country China is acquiring promising companies in the West like it did in Africa and other developing countries. BRICS: After Buying Companies in Africa, China Eyes Canada’s Gold ...

The US dollar becomes the first casualty when trade between BRICS countries rises. BRICS members China and Saudi Arabia have reached a new high in trade surplus this year in 2023. The Communist nation has maintained its position as the prime trading partner with the Kingdom of Saudi Arabia . Saudi Arabia ’s trade surplus with China rose by 257% in September 2023 reaching a new high of $1.78 billion. That’s a 257% surge compared to the previous month of August. The trade surplus is a positive indicator of transactions between two countries where exports exceed imports. Also Read: BRICS : 15 Countries to Ditch US Dollar for Oil Trade? Just recently, BRICS members China and Saudi Arabia signed a currency swap agreement for cross-border transactions. The trade deal favors their local currency the Saudi Riyal and the Chinese Yuan ahead of the US dollar. The three-year agreement allows trade to be settled in local currency with a cap of 50 billion yuan or 26 billion r...

A sixth Chinese national has been arrested in Sydney following their alleged role in an Australia -based crypto scam that was able to extract over $100 million from American victims through the manipulation of crypto and forex exchanges.  The 34-year-old Chinese national living in Sydney is alleged to have used both bank and crypto accounts to facilitate cash deposits in an attempt to launder the crypto scam funds.  The US Secret Service tipped off Australian Federal Police (AFP) about the crypto scam and its links to Australia in August 2022. Soon after, Australia’s cybercrime department discovered that a criminal syndicate was relying predominantly on Chinese students living in Australia to prop up the scam. The scam itself involved the use of “a sophisticated mix” of dating sites, employment sites, and messaging platforms to bait victims into investing in fraudulent and legitimate crypto and forex trading sites. Victims were shown false positive returns on investments, lulli...

Countries around the world may reduce dependency on the U.S. dollar and create a bipolar global currency system, says Nouriel Roubini. The Stern School of Business professor at New York University said that world leaders are exploring alternative reserves to eliminate the dollar ’s dominance. In a series of interviews, Roubini stressed that China, Russia , and Brazil, might create a substitute monetary system that might not make use of the USD for international trade settlements. Also Read: China’s National Debt Grows 3x Faster Than the U.S. In 12 Months Roubini mentioned that the process might not happen overnight but Americans could eventually feel the dollar’s strength fading. He called the recent banking crisis, a prominent catalyst for the fall of the USD. The trust in the dollar is waning due to the banking failures making other countries ditch the reserve currency. The strained ties between the United States and China led to the idea of creating a new currency, h...