Trump and Albanese finalize $8.5 billion agreement on rare earths to reduce reliance on China
NioCorp’s Grant and US-Australia Agreement on Rare Earths NioCorp’s CEO, Mark Smith, shared during a segment on Mornings with Maria that a $10 million grant from the Department of Defense is set to enhance rare earth initiatives in Nebraska. This comes as the U.S. aims to strengthen supply chains crucial for national security and economic […]
China dismisses leading trade negotiator Li Chenggang following Bessent comment
China recently dismissed its outspoken trade negotiator, Li Chenggang, who was appointed as the country’s representative to the World Trade Organization (WTO) shortly after U.S. Treasury Secretary Scott Bessent labeled him as “unstable.” Li, 58, was removed from his Geneva post as part of a significant reshuffle of ambassadors approved by President Xi Jinping, as […]
Trump finalizes rare earth mineral agreement with Australia, reaffirms AUKUS pact during China trade conflict
Trump and Albanese Sign Rare Earth Minerals Agreement President Donald Trump revealed a new deal with Australia regarding rare earth minerals, announced earlier this week while tensions with China continue over trade restrictions. In meetings at the White House on Monday, Prime Minister Anthony Albanese discussed how this agreement provides the U.S. access to crucial […]
Air China flight makes emergency landing due to mid-air lithium battery fire.
An Air China flight bound for Seoul had to make an emergency landing on Saturday after a lithium battery in a passenger’s carry-on luggage ignited while the plane was flying over Shanghai, filling the cabin with smoke. Flight CA139 took off from Hangzhou Xiaoshan International Airport at 9:47 a.m. local time, carrying 160 passengers and […]
EUR/USD declines as Trump eases approach on China tariffs, US Dollar rebounds
The EUR/USD pair saw a slight decrease of 0.17% during North American trading on Friday. This decline followed comments from US President Donald Trump, who moderated his tough stance on trade with China, leading the pair to trade around 1.1666 after reaching an intraday peak of 1.1728. Euro dips from daily highs as market sentiment […]
China Reveals Purge of Missing Politburo General for Major Duty-Related Offenses
Major Purge within China’s Military Leadership On Friday, China’s Ministry of Defense reported that nine high-ranking members of the People’s Liberation Army were expelled from the Communist Party due to corruption allegations. This list notably includes a former member of the Politburo. The most significant figure among those dismissed is General He Weidong, the vice […]
Gold retreats from record peak amid strong dollar and Trump’s comments on China.
Gold Prices Dip After Hitting Record High On October 17, gold prices took a hit, dropping over 2% after peaking at more than $4,300 an ounce earlier in the day. This decline was influenced by a robust dollar and statements from President Trump regarding the sustainability of “serious” tariffs on China. At around 12:39 PM […]
Micron will exit the server chip market in China following the ban.
Micron to Halt Server Chip Supply to China SEOUL/SHANGHAI, Oct 17 – Micron has announced plans to cease supplying server chips to Chinese data centers in 2023. This decision comes after the Chinese government failed to reverse its ban on Micron’s products within critical infrastructure, according to sources familiar with the matter. Micron was the […]
Trump acknowledges that threats of tariffs on China are ‘not tenable’ amid ongoing trade disputes.
President Donald Trump has indicated that the high tariffs on Chinese goods are “not sustainable” amid escalating trade tensions between the U.S. and China. As trade sanctions deepen, his administration continues to weigh sanctions against China. In an interview with Fox News’ Maria Bartiromo, he acknowledged that the enormous tariff could impact the U.S. economy, […]
Top Spy Catcher Warns China Poses a Daily National Security Risk
According to a senior intelligence official, Chinese state actors pose a daily national security threat to the UK, Russian agents aim to instigate chaos, and Iran is reportedly targeting individuals on British soil. Sir Ken McCallum, the director general of MI5, shared his annual threat assessment amidst heightened concerns over alleged Chinese espionage activities, including […]