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US and UK export controls hit China’s access to Arm slide designs

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© Reuters. FILE PHOTO: The Alibaba Group logo is seen at its office in Beijing, China, January 5, 2021. REUTERS/Thomas Peter/File Image/File Image/File Image

(Reuters) – The Chinese tech giant Ali Baba (NYSE::) Group Holding Ltd cannot buy some of the most advanced chip designs after SoftBank-owned British chip technology firm Arm Ltd decided that the US and Britain would not agree to licenses to export the technology to China, the Financial Times reported on Wednesday.

This is the first time that Arm has decided that it cannot export its most advanced designs to China, the report said, citing people familiar with the matter.

The report added that the British chip technology company concluded that the United States and the United Kingdom would not agree to sell the latest Neoverse V series because the performance was too high.

Alibaba and Arm did not immediately respond to a Reuters request for comment.

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The development comes two months after the United States deployed a sweeping set of export controls, including a measure to isolate China from certain semiconductor chips made anywhere in the world with American tools, greatly expanding its reach to slow Beijing’s technological and military advances.

The Biden administration also plans to put Chinese chipmaker Yangtze Memory Technologies and 35 other Chinese companies on a trade blacklist preventing them from purchasing certain US components, Bloomberg News reported Tuesday.

Arm launched its next generation data center chip technology called Neoverse V2 earlier this year to cater to the exponential growth of data from 5G and Internet-connected gadgets.

Over the past year, Arm has released several new core designs, the report said, including the Neoverse N2 and Neoverse V1 and V2, the latter of which are among their highest-performing cores to date.

Chinese companies have been prevented from purchasing the Neoverse V2 and its previous generation V1 due to US and UK export controls associated with technologies included under the Wassenaar, an agreement that limits the movement of “dual-use” technologies required for both peaceful and military purposes. The Financial Times said, citing people briefed on the reasons for the move.

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Red Flags That Your Spouse Is Hiding Money (And What To Do About It)

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Marriage can be hard enough without one spouse hiding money from the other.

When financial infidelity occurs in the form of “hidden cash,” a marriage or a live-forever relationship can easily be ended.

The truth is About 30% of American couples suffer from financial infidelity. Other evidence shows that more than 75% of couples describe the hidden money situation as negative and common 10% of these scenarios end in divorce.

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US judge orders Norwegian Cruise Line to pay $110m for use of Cuba port By Reuters

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© Reuters. Norwegian American Airlines cruise ship Marina arrives in Havana Bay, Cuba on March 9, 2017. REUTERS/Alexander Meneghini/File/File Photo

Written by Brian Ellsworth

MIAMI (Reuters) – Norwegian Shipping Line (NYSE) has to pay $110 million in compensation for the use of a port confiscated by the Cuban government in 1960, a US judge said Friday, marking a significant milestone for Cuban Americans. Who are seeking reparations for the Cold War era. Assets confiscation.

The decision by US District Judge Beth Bloom in Miami follows her decision in March that use of the Havana Cruise Terminal constituted smuggling of forfeited property belonging to the plaintiff, Delaware-registered Havana Docks Corp.

The decision read: “The judgment is made in favor of Plaintiff Havana Docks Corporation and against Norwegian Cruise Line Holdings, Ltd.”

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“The plaintiff was awarded $109,848,747.87 in damages,” it says, adding that the Norwegian must also pay an additional $3 million in legal fees and costs.

Norwegian Cruise Line did not immediately respond to a request for comment.

Cuban President Miguel Diaz-Canel has sharply criticized the Helms-Burton Act, calling it an extraterritorial violation of international law.

Havana Docks also sued Carnival Cruise Lines (NYSE: ), Royal Caribbean (NYSE:) and MSC under the Helms-Burton Act, which allows US citizens to sue over the use of property seized in Cuba after 1959.

The ruling could fuel more lawsuits by Cuban exiles pursuing claims, worth $2 billion, according to one estimate, over asset seizures under late Cuban leader Fidel Castro.

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It may also serve as a reminder to multinational companies of the complexities that can come with doing business in Cuba.

In 2016, US cruise ships began traveling to Cuba for the first time in decades after a détente negotiated by former President Barack Obama eased some provisions of a Cold War US embargo.

But the Trump administration in 2019 ordered a halt to all such cruises amid efforts to pressure Cuba over its support for Venezuelan President Nicolas Maduro, Washington’s ideological foe.

The Trump administration has also allowed US citizens to sue third parties for using property seized by Cuban authorities, a provision of the Helms-Burton Act that every previous president has waived since the law was passed in 1996.

Havana Docs says Cuba, which has been under a US trade embargo for decades, has never compensated it for taking the drug.

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The four cruise lines sued in 2019 in the US District Court for the Southern District of Florida. Bloom in March held the companies liable for damages under the Helms-Burton Act, also known as the Libertad Act.

According to the US-Cuban Economic and Trade Council, a nonprofit organization that provides information on relations between the two countries, 5,913 validated claims related to property seized in Cuba represent an estimated liability of nearly $2 billion.

Forty-four lawsuits have been filed under Title III of the Helms-Burton Act, the organization says.

“For the current plaintiffs of Cuban descent, (the decision) will give them a moment of relief,” said John Cavulich, the group’s president. “It will give them a moment to say ‘You can run but you can’t hide,’” Cavulich said.

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Is a Royal Caribbean or Carnival beverage package worth it?

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An all-inclusive beverage package that gives you access to beer, wine, liquor, bottled water, soda, specialty coffee, and even shakes/juices may cost more than your cruise fare.

This is especially true right now when many cruise cabins are being sold at discounted prices while the drinks package prices have gone up.

Deciding whether to purchase a drink package is a challenge because you have to estimate whether you will be drinking enough to cover the cost. Or, more importantly, whether you’d spend more if you decided not to purchase a drink package.



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