President Donald Trump announced a new peace pact between Rwanda and the Democratic Republic of Congo, which he linked to US access to critical minerals. At a meeting in Washington, Trump claimed his administration had "succeeded where many others have failed," calling this the eighth war he has ended in less than a year. However, the reality on the ground is far more complicated, as fighting in eastern Congo continues despite the signing of the previous peace agreement. The agreement is not just about a ceasefire; it also concerns the mineral trade. The agreement grants US companies access...
Initial jobless claims in the United States reached 232,000 for the week ending October 18, according to data from the US Department of Labor website. This represents a slight increase compared to the previous week. Meanwhile, continuing claims, which indicate the number of people still receiving unemployment benefits, reached 1.957 million in the same week, slightly higher than the 1.947 million the previous week. However, the jobless claims figures released this week are incomplete due to the government shutdown. Some unadjusted state-level jobless claims data is posted on the Department...
The global geopolitical situation is once again showing signs of escalation, particularly in the Asia-Pacific region. A ship collision between the Chinese Coast Guard and the People's Liberation Army (PLA) Navy in the disputed South China Sea adds to the long list of lingering tensions. This incident has sparked renewed concerns about the stability of maritime trade routes vital to the regional economy. Elsewhere in the world, Russia and Belarus are holding large-scale military exercises titled Zapad 2025, seen as a sign of strengthening Russia's defense strategy amidst the ongoing conflict...
Most big emerging economies, including China, Brazil and India, can weather U.S. tariffs without excessive pain, a study by risk consultancy Verisk Maplecroft showed, raising doubt about the clout of President Donald Trump's trade tools. The firm analysed the resilience of 20 of the biggest emerging markets using measures from debt levels to export-revenue reliance to gauge their ability to handle trade volatility and rapidly shifting geopolitical alliances. "Most manufacturing hubs globally are in a better position in their current baseline than you would think or give them credit for to...
The US government is scheduled to reopen on Thursday (November 13) after the longest shutdown in US history that disrupted air traffic, cut food aid to low-income Americans, and forced more than 1 million workers without pay for more than a month. However, the deep political divisions that led to the 43-day shutdown remain unresolved. The funding package contains few restrictions to restrain Republican President Donald Trump from withholding spending, in an administration that regularly challenges Congress's constitutional authority on finances. And it does not address the impending...
The House of Representatives will attempt to end the longest government shutdown in US history on Wednesday, voting on a stopgap funding package to restart disrupted food aid, pay hundreds of thousands of federal workers, and restart the crippled air traffic control system. Republicans currently hold a slim 219-213 majority in the House. However, President Donald Trump's support for the bill is expected to keep his party united in the face of stiff opposition from House Democrats, angered that a prolonged stalemate waged by their colleagues in the Senate failed to secure a deal to extend...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
President Donald Trump announced a new peace pact between Rwanda and the Democratic Republic of Congo, which he linked to US access to critical minerals. At a meeting in Washington, Trump claimed...