British Prime Minister Theresa May is to lead a delegation of small and medium-sized businesses to India next month as part of efforts to bolster trade with countries outside the EU as Britain prepares to leave the bloc.
The Nov. 6 to Nov. 8 trip, May’s first bilateral visit to a country outside Europe since she took office in July, is to be in pursuit of her ambition of forging a new global role for Britain after it leaves the EU, May’s Downing Street office said in a statement.
The European Commission is responsible for trade negotiations for the EU and some countries have said they will not negotiate a new deal for Britain until it has actually left the bloc.
Photo: AFP
“As we embark on the trade mission to India we will send the message that the UK will be the most passionate, most consistent, and most convincing advocate for free trade,” May was quoted as saying.
She said past trade missions had focused on big business, but she wanted to adopt a new approach and would take small and medium companies from every region of the UK.
Among them is to be Geolang, a cybersecurity company based in Cardiff in Wales, Torftech, a biomass energy company based in southeast England, and Telensa, a company focused on high-tech wireless street lighting systems, based in Cambridge.
May is to hold talks with Indian Prime Minister Narendra Modi during her visit, and the two heads of government will together inaugurate a tech summit in New Delhi.
British Secretary of State for International Trade Liam Fox is to join the visit, during which a number of commercial deals are expected to be signed.
The New Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility. A strategy of borrowing the New Taiwan dollar to invest in higher-yielding alternatives has generated the second-highest return over the past month among Asian currencies behind the yuan, based on the Sharpe ratio that measures risk-adjusted relative returns. The New Taiwan dollar may soon replace its Chinese peer as the region’s favored carry trade tool, analysts say, citing Beijing’s efforts to support the yuan that can create wild swings in borrowing costs. In contrast,
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
RSS