Introduction: China says that “winning-win cooperation is the right way” as Nvidia H20 sales are erased
Hello and welcome to our hilly coverage of business, financial markets and the world economy.
Relations between the United States and China seem to warm up, slightly, after the flea manufacturer Nvidia received a green light from Washington to resume sales of his AI H20 chip from Chinese companies.
Nvidia CEO, Jensen Huangrevealed earlier this week that the US government assured its company that licenses for sales of H20 flea market in China would be granted and that deliveries could start soon.
Which reverses a restriction announced in April, when the White House announced stricter orders on the exports of computer flea artificial intelligence.
And today, Beijing welcomed this change of heart, confirming that the United States has “taken initiatives” to once again approve H20 sales in China.
The Chinese Ministry of Commerce said in a statement that “win-win cooperation” was the right way to follow, and that it hopes that the two countries will be able to “meet halfway” and work together.
The ministry also urged the United States to abandon its “zero-sum mentality” and to cancel “unreasonable” commercial restrictions on China, warning that “abolition” will not lead to solutions.
The H20 graphic processing unit, or GPU, is an advanced chip to use in AI systems. But it’s less powerful than Nvidia upper semiconductors Today, because it has been designed to comply with American restrictions for exports of ia flea markets to China.
Earlier this week, the Secretary of Commerce, Howard Lutnick, revealed that the renewed sale of H20 fleas in China was linked to a rare Earths magnet agreement. He also said that Nvidia would only sell China for her “fourth best” chip.
Despite this, the prospect of more sales in China has pushed Nvidia’s actions to record heights this week.
Orders of Chinese companies for H20 fleas must be sent by NVIDIA to the US government for approval.
The agenda
-
9:30 am BST: insolvency data in the United Kingdom
-
10h BST: production data production of the euro zone for May
-
1:30 p.m. BST: American housing starts data for June
-
15 h BST: Consumer confidence report from the University of Michigan
Key events
The EU approves the new pack of Russian sanctions
The European Union has announced the approval of a new package of sanctions on Russia for its war against Ukraine, which includes a revised oil price of oil prices and new banking restrictions.
EU member states gave the packaging the green light this morning after Slovakia has lifted its veto.
Kaja KallasThe high representative of the EU for Foreign Affairs and Security Policy, indicates that the Package of Sanctions – the 18th of the EU – is one of the strongest against Russia so far.
It includes the ban on more Russian banks accessing the SWIFT international payment system, sanctions on Nord Stream gas pipelines and a low mood on Russian oil sales.
We are firm.
The EU has just approved one of its strongest sanctions together against Russia to date.
We further reduce the Kremlin war budget, going after 105 additional shadow fleet ships, their catalysts and limiting Russian banks to finance. (1/3)
– Kaja Kallas (@kajakallas) July 18, 2025
North Stream pipelines will be prohibited.
A lower oil price ceiling.We put more pressure on the Russian military industry, Chinese banks that allows escape sanctions and the blocking of technological exports used in drones. (2/3)
– Kaja Kallas (@kajakallas) July 18, 2025
For the first time, we designate a flag register and the largest Rosneft refinery in India.
Our sanctions also struck these endocrine Ukrainian children.
We will continue to increase costs, so stopping assault becomes the only way to follow for Moscow. (3/3)
– Kaja Kallas (@kajakallas) July 18, 2025
Diplomat told Reuters that the package would drop the G7 price ceiling for crude oil to $ 47.6 per barrel.
Bloomberg reports that the new price ceiling, which is currently set at $ 60 per barrel, will now be defined “dynamically” at $ 15 below market rates.
This follows criticism that Europe spent tens of billions of Russian energy since the start of the Ukraine war, exceeding the cost of computer support in Kviv.
BP agrees to sell to sell ushore wind activities for us
Energy News: BP continued to repel the return to oil and gas, accepting an agreement to sell its American wind business in LS Power.
The wind company operates nine wind turbine energy assets in seven American states, and are connected to the network and provide energy to customers.
Guardian Linen,, COP The executive vice-president of gas and low carbon energy, said:
“We have been clear that if energy with low carbon content has a role to play in a simpler and more targeted PA, we will continue to rationalize and optimize our wallet to generate value.
The US Wind business onshore business has excellent assets and fantastic people, but we have concluded that we are no longer the best owners to move them forward.
The price of the agreement has not been revealed; BP says it is part of its $ 20 billion divestment program to simplify and concentrate its activities.
In the city of London, the manufacturer of consumer goods Reckitt Benckiser agreed to sell a majority participation in his arm Cillit Bang and Calgon in the International International Capital-Investment Company.
The agreement applies up to 3.6 billion pounds sterling and will see Reckitt keep a 30% stake in the essential house sector – including also brands such as Air Wick, Woolite, Resolve, Sole and Easy -Off
Kris Licht,, Reckitt’s CEO, says:
“We are executing our strategic plan to the rhythm.
The disinvestment of the essential house represents a significant step forward in unlocking substantial value in our company.
This means that Reckitt is to become a simpler and more efficient health and hygiene health company and will allow us to focus on a high -growing and high margin electric brands portfolio. »»
Sharing Call increased by 1.5% at the start of trading, putting it among the Ftse 100 higher.
Katsunobu KatoCritics of American prices occur after Japan exports to the United States fell for the third consecutive month.
The data published Thursday showed that the value of shipments dropped 11.4% in terms of Yen in June, compared to the same month of last year.
The automotive sector was hardly affected, exports fell by 26.7%. The number of vehicles was up, but their average price fell by almost 30%. This could be a sign that car manufacturers reduce prices or ship cheaper models to compensate for prices.
Kato in Japan claims that the rates not the right tool to repair commercial imbalances
Donald Trump’s trade war took advantage of the G20 finance ministers in South Africa this week.
Japan has declared to collect advanced savings in Durban that prices are not the right way to repair commercial imbalances.
Minister of Finance Katsunobu Kato told G20 journalists:
“Japan has said that prices are not really the right tool to correct excessive imbalances in current accounts.”
Kato Argued that countries faced with such situations must remedy it by interior efforts, rather than slapming new levies on imports.
The trade balance of the United States (rarely the healthiest) was actually aggravated this year, while American companies rushed to import goods before the prices were imposed.
However, Secretary of the US Treasury Scott Bessente I will not have heard Kato Message because he does not attend the G20.
A manager of the Ministry of Finance accompanying Kato explained that many G20 members argued that market stresses seem to have attenuated somewhat, Bloomberg reportsAs the global economy has not suffered as much as expected from the trade war [although, of course, some of Trump’s new tariffs now don’t start until 1 August].
Introduction: China says that “winning-win cooperation is the right way” as Nvidia H20 sales are erased
Hello and welcome to our hilly coverage of business, financial markets and the world economy.
Relations between the United States and China seem to warm up, slightly, after the flea manufacturer Nvidia received a green light from Washington to resume sales of his AI H20 chip from Chinese companies.
Nvidia CEO, Jensen Huangrevealed earlier this week that the US government assured its company that licenses for sales of H20 flea market in China would be granted and that deliveries could start soon.
Which reverses a restriction announced in April, when the White House announced stricter orders on the exports of computer flea artificial intelligence.
And today, Beijing welcomed this change of heart, confirming that the United States has “taken initiatives” to once again approve H20 sales in China.
The Chinese Ministry of Commerce said in a statement that “win-win cooperation” was the right way to follow, and that it hopes that the two countries will be able to “meet halfway” and work together.
The ministry also urged the United States to abandon its “zero-sum mentality” and to cancel “unreasonable” commercial restrictions on China, warning that “abolition” will not lead to solutions.
The H20 graphic processing unit, or GPU, is an advanced chip to use in AI systems. But it’s less powerful than Nvidia upper semiconductors Today, because it has been designed to comply with American restrictions for exports of ia flea markets to China.
Earlier this week, the Secretary of Commerce, Howard Lutnick, revealed that the renewed sale of H20 fleas in China was linked to a rare Earths magnet agreement. He also said that Nvidia would only sell China for her “fourth best” chip.
Despite this, the prospect of more sales in China has pushed Nvidia’s actions to record heights this week.
Orders of Chinese companies for H20 fleas must be sent by NVIDIA to the US government for approval.
The agenda
-
9:30 am BST: insolvency data in the United Kingdom
-
10h BST: production data production of the euro zone for May
-
1:30 p.m. BST: American housing starts data for June
-
15 h BST: Consumer confidence report from the University of Michigan
