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...
U.S. President Donald Trump said on Thursday that all trade negotiations with Canada have been terminated, accusing Ottawa of using a "fraudulent" advertisement involving late President Ronald Reagan. In a post on his social media platform Truth Social, Trump alleged that the Ronald Reagan Foundation had announced Canada used a fake ad featuring Reagan criticizing tariffs. Trump claimed the ad, which he said "was for" $75 million, was created to "interfere with the decision of the U.S. Supreme Court, and other courts." "Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA...
President Vladimir Putin said Thursday that Russia will never bow to pressure from the United States or any other country, warning that the response to any attack deep into Russian territory would be extremely serious and overwhelming. US sanctions are an "unfriendly" measure and "will have certain consequences, but they will not significantly affect our economic well-being," Putin said. He said the Russian energy sector is confident. "This is, of course, an attempt to pressure Russia," Putin said. "But no self-respecting country and no self-respecting people will make decisions under...
Chinese Vice Premier He Lifeng is set to meet U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer from Friday, as the world's two largest economies try to ease an unexpected flare-up in tension ahead of a key leaders' summit. The commerce ministry said He, China's top economic official, will visit Malaysia from October 24 to 27 for a summit of the Association of Southeast Asian Nations it is hosting. Earlier, the top U.S. trade officials said they would also head to Malaysia to discuss Beijing's curbs on exports of rare earths with Chinese officials. Tension has...
The Trump administration announced on Wednesday new sanctions targeting Russia's two largest oil companies, Rosneft and Lukoil, as part of efforts to pressure Moscow to end the war in Ukraine, which began with Russia's 2022 invasion. Treasury Secretary Scott Bessent stated, "Now is the time to stop the killing and for an immediate ceasefire," adding that the companies "fund the Kremlin's war machine." The sanctions also extend to dozens of their subsidiaries. Bessent emphasized that Treasury is ready to take further action to support President Trump's push to end the conflict and urged...
U.S. Trade Representative Jamieson Greer said he and Treasury Secretary Scott Bessent will head to Malaysia on Wednesday to meet with Chinese officials regarding what he called "very aggressive" and "disproportionate" measures Beijing has taken to curb rare earth mineral exports. Greer told CNBC's "Squawk Box" that a meeting between President Donald Trump and Chinese President Xi Jinping is still scheduled, but it would be a mutual decision if the meeting takes place on the sidelines of an economic conference in South Korea next week. Trump is scheduled to travel to Kuala Lumpur for the...
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...