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Copper Price Hits Record High on US-China Hopes of Trade Truce

The price of copper reached a record high in trading Wednesday, the industrial metal boosted by hopes of a truce in the US-China trade war. Copper hit $11,143 a tonne on the London Metal Exchange, also on concerns about tight global supply as a major mine in Indonesia remains shut following a deadly mudslide last month. The new high beat the ...

Key Issues up for Discussion at Trump-Xi Meet

US President Donald Trump and his Chinese counterpart Xi Jinping are set to meet Thursday for the first time since 2019. Washington and Beijing have been locked in a multipronged trade spat since Trump returned to the White House and are tussling for global sway. Here are the key issues the two leaders could discuss: Rare earths A strategic ...

Trump Says 'Pretty Much' Finalized Trade Deal With S. Korea

US President Donald Trump indicated Wednesday that a trade deal had been reached with South Korea's President Lee Jae Myung, before adding later the agreement was "pretty much" finalized. "We did," Trump told journalists when asked if a deal had been reached, without giving further details. "We reached a deal. We did a lot of different things. ...

From Handshakes to Deals: Trump Reshapes Asia’s Trade World

From Handshakes to Deals: Trump Reshapes Asia’s Trade World Christiane Tager During a visit to Asia, Donald Trump traded speeches for deals. In Gyeongju, South Korea, the former U.S. president sealed a major trade agreement with Seoul, one that extends beyond economics and is already sending shivers through global markets, from gold to the ...

Trump Hails Tariff, Rare Earth Deal with Xi

US President Donald Trump called the meeting Thursday with China's Xi Jinping a "great success", after the world's top two economies agreed a deal to trim fentanyl-related tariffs and keep supplies of critical rare earths flowing. There was no immediate comment from the Chinese government after what was the leaders' first ...

G7 Meets on Countering China's Critical Mineral Dominance

Curbing China's critical mineral dominance will top the agenda at a G7 energy ministers meeting in Canada on Thursday, as industrialized democracies seek more reliable access to the resources that power future technologies. The Group of Seven, including US President Donald Trump's administration, has sounded the alarm over China's stranglehold on ...

Gold Demand Hit Records as Price Soared

Demand for gold hit a record high in the third quarter as the precious metal's price hit all-time highs on geopolitical unrest, industry data showed Thursday. Total demand grew three percent year-on-year in the July-September period to 1,313 tonnes, the World Gold Council said, as the metal, perceived as a safe haven investment, benefitted from ...

Trump Hails Busan Talks with Xi Jinping, Cites Progress on Trade, Rare Earths, and Ukraine

US President Donald Trump described his talks with Chinese President Xi Jinping in Busan, South Korea, on Thursday as a “major success.” According to Trump, the discussions covered several issues, including potential reductions in tariffs imposed on China over the fentanyl trade and planned cooperation on efforts to end the war in ...

Universal Music and Udio Partner to Launch Licensed AI Music Platform

Recording industry giant Universal Music Group said Thursday it had struck a licensing deal with AI music generation startup Udio, in an industry-first tie-up aiming to launch an AI creation platform next year. Universal and Udio said in a statement that their platform, as yet unnamed, "will be powered by new cutting-edge generative AI technology ...

Donald Trump’s Rare Earth Diplomacy

Donald Trump is taking aim at China’s dominance over rare earths, the invisible metals that power everything from smartphones to missiles. His goal: to free the global economy from its dependence on Beijing and secure US access to these critical resources. What Are Rare Earths? Despite their name, rare earths are 17 metals, including ...

Asia Markets Mostly up on Heels of Apple, Amazon Earnings

Asian stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Investor confidence in artificial intelligence has fuelled a rally in global stock markets this week that saw California-based chip designer Nvidia become the first-ever $5 ...

China Seeks Stable Ties with Canada and Japan as Global Trade Pressures Mount

President Xi Jinping on Friday invited Canadian Prime Minister Mark Carney to China, in the first formal talks between the nations' leaders since 2017, before also holding first discussions with Japan's new premier. Canada's relations with China are among the worst of any Western nation, but both are at the sharp end of Donald Trump's tariff ...

No-State Zones in Lebanon: The Bekaa and the Shadow of the Clans (2/3)

Along the road from Zahleh to Hermel, portraits of former clan leaders, imams, and martyrs adorn the buildings, set among auto repair shops and fields of cannabis. In this fertile valley, crossed by the Orontes River and framed by the Anti-Lebanon mountains, the state’s presence gradually fades as the road stretches north. In the Bekaa, clan ...

Lebanon's Industry: Resilient Yet Transforming

In Lebanon, industry remains both a social buffer and a key provider of foreign currency. Yet its macroeconomic footprint has shrunk, reflecting an economy battered by currency collapse, weak domestic demand, and high energy costs. Caught between export momentum and fragile profit margins, the “made-in-Lebanon machine” moves forward ...

“Embargo”: When Economics Becomes a Weapon

On January 1, 2025, the United States tightened its technological embargo on China, doubling tariffs on a wide range of strategic goods, from semiconductors to industrial equipment. Beijing retaliated ten days later with countermeasures targeting American agricultural products, adding a new chapter to the escalating economic confrontation between ...

Iran Reportedly Transfers Hundreds of Millions to Hezbollah via Dubai

Iran has reportedly transferred hundreds of millions of dollars to Hezbollah over the past year via currency exchange offices and private companies in Dubai, raising concerns in the United States, according to a Wall Street Journal article published on Thursday. According to the report, disruptions through traditional smuggling routes in Syria ...

Trump Says US Talks With Iran 'Very Good', More Negotiations Expected

US President Donald Trump said that Washington had "very good talks" on Iran after the two sides held an indirect dialogue in Oman, pledging another round of negotiations next week. Iran, for its part, said it expected to hold more negotiations with the United States, hailing a "positive atmosphere" during a day of talks in the Gulf ...

Trump Signs Order Preparing for Tariffs on Iran's Trade Partners

US President Donald Trump on Friday signed an executive order threatening tariffs on Iran's trade partners, after he pledged a further round of talks with Tehran next week. The order, effective from Saturday, called for a fresh "imposition of tariffs" on countries still doing business with Iran. It comes amid heightened tensions between ...

What the LAF Chief’s Visit to the U.S. Revealed

Lindsey Graham portrayed his meeting with Rodolphe Haykal, which collapsed within minutes, as a complete debacle. The U.S. senator asked the Lebanese Armed Forces (LAF) chief if Hezbollah was a terrorist organization. Haykal’s reply—“not in the Lebanese context”—prompted Graham to walk out in fury, insisting that any group responsible ...

Lebanon and Syria Reach One-Week Deal to Resume Truck Transit

A temporary Lebanese-Syrian agreement was reached on Thursday to restore normal truck traffic through the Masnaa border crossing for one week, until February 20, 2026, following days of disruption and protests. The understanding was concluded during a joint meeting between Lebanese and Syrian delegations at the Lebanese Customs Center in the ...

Iran-Lebanon Trade Surges as Hezbollah Adapts Smuggling Networks Under Pressure

Despite mounting pressure on Hezbollah’s smuggling networks and Iran’s deepening financial crisis, trade flows between Tehran and Beirut surged in 2025, suggesting the two are adapting illicit channels to sustain Hezbollah’s parallel economy. Hezbollah's position has weakened since 2024 and Iran's financial crisis has ...

Undisclosed Lebanon–Israel Talks Under U.S. Sponsorship Advance: Report

Undisclosed negotiations between Lebanon and Israel, sponsored by the United States, have reportedly made substantial progress, a well-informed source told Nidaa al-Watan. According to the source, the talks are being led by a senior Lebanese figure and are based on reciprocal trade-offs. Lebanon is pressing Israel to show flexibility regarding ...

New U.S. Treasury Sanctions Target Iranian Shadow Fleet, Missile and Drone Supply Chains

The U.S. Treasury Department placed additional sanctions on Wednesday on the Iranian shadow fleet and networks linked to missile and drone production. Listed on the sanctions includes 11 vessels involved in the trade and transit of Iranian petroleum. The goal of targeting these ships is to freeze the oil revenue from which the Iranian regime can ...

Lebanon Signals Interest in Joining IMEC Trade Corridor

Lebanese President Joseph Aoun has communicated to French President Emmanuel Macron expressing Lebanon’s interest in joining the India-Middle East-Europe Economic Corridor (IMEC). As a signatory to the IMEC agreement, Lebanon is asking France to petition Lebanon’s integration into the corridor.  “Lebanon is ready to engage ...

Gulf on Edge as Maritime Incidents, Airspace Closures, and Explosions Signal Dangerous Expansion of Conflict

The regional confrontation widened dramatically on Sunday as maritime incidents in the Gulf, renewed missile activity, airspace closures, and fresh security alerts pushed tensions to one of their most volatile points since the start of the U.S.–Israeli strikes on Iran. Maritime Flashpoint in the Strait of Hormuz The Secretary-General of the ...

DP World Suspends Operations at Jebel Ali Port as Gulf Security Crisis Disrupts Regional Trade

DP World, a Dubai-based global port operator and logistics company, and one of the largest port operators in the world, has temporarily suspended operations at Jebel Ali Port in Dubai, the largest container port in the Middle East, as regional security tensions intensify following missile exchanges across the Gulf. The suspension, described as a ...

Breaking the Crowdfunding Myth: The Digital Architecture Funding Iran’s Proxy Wars

For years, Iran’s use of cryptocurrency was written off as pocket-change militant fundraising. A slew of enforcement actions now shows something far more consequential: Tehran and its terror allies have woven digital assets into the core financial architecture that bankrolls their war machines. By integrating crypto into their control of ...