The us tells nvidia to take its chips off the table as washington bans the company from exporting some of its products to china. And Pakistan International Airlines Cancels more than 300 hundred flights, as the National Carrier struggles to pay for jet fuel. Welcome to World Business report. Im lukwesa burak. Lets start with the tech giant nvidia, which says the us has told it to stop shipping some of its advanced Artificial Intelligence chips to china immediately. The ban was originally set to come into place in the middle of november, but has been moved forward by the white house. The new restrictions bar exports of nvidias advanced ai chips, which had been designed for the Chinese Market to comply with earlier export regulations. Michelle fleury is in new york for us. Is this more to for tat between the us and china or could this be something far more significant . I think you have to look at whats going on here, china and us to have the biggest economies are in a Battle Over Future
Mehta or earned headwinds in the us and eu that it said could significantly impact its business. Still, with investors mostly focused on the health of the digital add market, mehta shares rose on the news. Staying with my news coming out of the us, but the trial of sam bingaman freed still in the us where the trial of Sam Bankman Fried will resume in new york on thursday, where mr bankman friend himself will take the stand. The ftx Crypto Exchange founder faces seven criminal counts, including fraud and Money Laundering charges, and has pleaded not guilty. Our north American Business correspondent erin delmore filed this report. We are at the Halfway Point in the trial. Weve heard from the prosecution and now its the defence teams turned to make their case. I spoke to actor and crypto author ben mckenzie and asked him why mr bankman fried would want to testify on his own behalf. Sam is a gambler, you know . Sam has always had a high risk tolerance. So, if there were a defendant to take
Parental consent. Heres a tennessee attorney general. Kids are particularly vulnerable, and this is an unbelievably Sophisticated Company using every technique they could identify to make their they could identify to make their platform addictive. Meta said it was their platform addictive. Meta said it was disappointed their platform addictive. Irr said it was disappointed and that it was working to create a safer environment for teenagers using a taps, including 30 tools to support them and their families. A Company Spokesman said it was important to recognise that many teens find support and community on social media when theyre struggling. This is an issue facing many social Media Companies, with legislators warning that todays action was just the start. Todays action was ust the start. Todays action was ust the start. ,. ,. , start. This is not singling out meta. Social start. This is not singling out meta. Social media start. This is not singling out meta. Social media is start. T
Mean . Revenue, the overall money it made was up mean . Revenue, the overall money it made was up 5 mean . Revenue, the overall money it made was up 596. That mean . Revenue, the overall money it made was up 596. That was mean . Revenue, the overall money it made was up 596. That was how mean . Revenue, the overall money it made was up 596. That was how much | mean . Revenue, the overall money it i made was up 596. That was how much it made was up 5 . That was how much it was able to bring in. In terms of cost of the strike, which everyone was curious about how it would impact, so for the costs have racked up impact, so for the costs have racked up to 800 million and the companys chief Financial Officer said in a call that each week that passed without a new contract negotiated cost 200 million in lost production. Given the size of its balance sheet, it is weathering it well. It acknowledged it would have to face higher labour costs going forward, but obviously no deal is there yet. An