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Ukraine war: A change is looming at the G7 summit

Because US President Donald Trump needs support for his peace agreement with Iran, he is apparently moving into Ukraine policy. The G7 partners want to use the momentum.

Does the Iran war diminish US superpower status?

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Energy: Oil prices continue to fall significantly

Since the US and Iran agreed on a framework agreement, crude oil prices have been on the decline. The price of a barrel of Brent oil fell below $80 for the first time since the beginning of March.

Trump’s woes at home, what China’s World Cup presence shows: 7 US-China relations reads

We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Trump has an understanding with Xi. His own administration doesn’t like it On a state visit to China last month, US President Donald Trump shocked his political base with a series of rhetorical concessions – and it was not the first time Trump’s softer stance on China clashed with his own...

U.S. and Iran Digitally Sign Peace Deal to Reopen Strait of Hormuz

The United States and Iran have electronically signed a framework deal to end the three-month-long war and reopen the Strait of Hormuz, senior US administration officials said on June 15. Speaking on background to reporters, the officials said US President Donald Trump and Vice President JD Vance signed the agreement virtually, while Iran's parliament speaker and chief negotiator, Mohammad Baqer Qalibaf, signed on behalf of Tehran. The deal is expected to be formally signed during a ceremony in

Wall Street: US stock markets start positively - SpaceX shares continue to rise

The hope of an end to the Iran war continued to preoccupy stock markets worldwide on Tuesday. Takeover plans continue to drive up SpaceX stock prices.

G7 summit: industrialized countries discuss the war in Ukraine

On Tuesday, Ukrainian President Zelenskyj arrived in Évian for the G7 summit. The focus of the planned meeting is the attempt by European states to persuade US President Donald Trump to change his Ukraine strategy.

EU bows to Trump pressure on tariffs but warns of future chaos

The European Parliament approved on Tuesday cutting duties on many US goods imports to fulfil the European Union’s side of a trade ‌deal struck last year, and avert a new round of tariff conflict between the world’s largest trading partners. US President Donald Trump struck a framework deal with the European Union at his Turnberry golf course in Scotland last July under which the EU agreed to remove import duties on US industrial goods in return for tariffs of 15 per cent on most EU...

L3Harris, Turkish firm Skydagger to establish US co-production of FPV interceptors

The deal would allow L3Harris to equip its Vampire c-UAS platform with a small interceptor drone for the first time.

Former US Diplomat Gina Abercrombie-Winstanley On What Will Determine The Iran Deal's Success

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How Israel’s exit from US aid signals wider decline in Washington’s alliances

Israel’s efforts to phase out American military aid signal the decline of US alliances under the demands of Washington’s “America first” position, according to a prominent Chinese international relations analyst. Zhu Zhaoyi, executive director of the Institute of Middle East Studies at Peking University HSBC Business School, wrote in a commentary published on Monday that factors such as rising financial pressures had fuelled an “America first” approach that demanded Washington’s allies shoulder.

Industry: Olin and Huntsman agree billion-dollar merger

The merger of the two US chemical companies is intended to save costs and divide tasks. What this means for investors.

China’s AI outpaces global rivals but trails in trust, survey shows

Many people believe Chinese artificial intelligence models are leading the global tech race – even in countries considered key US allies – according to a new poll by the London-based consultancy Public First. However, the poll also revealed that China lags in trust regarding its AI models. The survey, which covered over 18,000 people across 15 countries, found that respondents from 11 nations acknowledged China’s AI leadership. These included Canada, Britain and France, where at least 40 per...

Martial arts event in Washington: FBI: Suspected attack on Trump's cage fights foiled

Drones with explosives, snipers and a storming of the White House: The FBI says it prevented a plan to attack a martial arts event on the US President's birthday.

Customs deal: EU MPs approve implementation of US customs deal

US President Trump insists on the agreements being implemented as soon as possible. The European Parliament is in favor of this – but not at any price.

Hong Kong police arrest 150 over HK$320 million illegal online betting syndicate

Hong Kong police have arrested 150 people in a three-day crackdown on an illegal bookmaking syndicate that handled more than HK$320 million (US$40.8 million) in wagers, as officers warned against unlawful betting during the Fifa World Cup. About 600 officers carried out raids across the city between Friday and Sunday, targeting factory units in Kwai Chung, Tsing Yi, Sha Tin, Kwun Tong and Kowloon City, the organised crime and triad bureau said on Tuesday. The operation shut down four...

Hong Kong property tycoon Mico Chung cashes out of US$13.4 million home on The Peak

A company linked to CSI Properties chairman and founder Mico Chung and his wife has sold a luxury house on The Peak for HK$105 million (US$13.4 million), according to official records. Aqua Sole Company sold the property at 27 Plantation Road to Hu Hanyang in a transaction completed on June 12, according to Land Registry records. Companies Registry filings show that Chung and his wife, Nina Kan Souk-yin, are shareholders of Aqua Sole. The company acquired the property in 1993 for HK$12 million,.

SoftBank launches OpenAI cybersecurity in Japan as US restricts rival model

Trump urges Russia to ‘make a deal’ with Ukraine after meeting Zelensky at G7 summit

US President Donald Trump said on Tuesday that Russia should make a peace deal with Ukraine, adding that he would do what he could to end the war after a “very good” meeting between President Volodymyr Zelensky and Group of Seven leaders at a summit in France. Trump arrived at the G7 summit in the lakeside resort of Evian-les-Bains brandishing ‌a preliminary deal to end the conflict with Iran and with a renewed focus on finishing the war in Ukraine. Trump cheered his meeting with Zelensky and...

World trade: EU Parliament votes for US customs deal with safety net

With the controversial deal, the EU wanted to avert a trade war with the USA. US President Trump insists on early implementation. The European Parliament is in favor of this - with reservations.

European Parliament clears way for EU-US trade pact

Parliament approves Washington deal while fresh trade threats emerge

In Washington: National Geographic opens museum of discovery

At the Museum of Exploration in Washington, visitors can photograph virtual animals as nature photographers - right in the heart of the US capital. And there is even more to explore.

+++ US customs policy +++: EU MPs agree to implementation of US customs deal

Court: USA may continue to raise global tariffs for the time being +++ Trump questions trade agreements with Mexico and Canada +++ USA reaffirms tariff caps for EU and Japan +++ The news blog.

AI Partnership: Europe's silent answer to Palantir

Celonis and Deepset join forces for a sovereign AI platform for government and critical infrastructure. The target is a market that has so far been dominated by the controversial US group.

US military plans permanent war-ready weapons stockpile in Australia

The US military is planning a permanent war-ready weapons stockpile for its Marine Corps on Australia’s southeast coast beyond the range of most Chinese missiles, according to tender documents and officials. The development of the stockpile, a first for the Marine Corps in Australia, came as the US was keen to leverage the continent’s strategic location in the South Pacific to counter China’s rapid military build-up, analysts said. The US Marine Corps began global pre-positioning of military...

China showcases anti-drone air defences at Paris show as conflict fuels demand

China’s largest ground-based arms manufacturer is displaying air defence systems specifically for drone warfare, along with advanced artillery equipment at this year’s Eurosatory exhibition in France. Demand for air defence solutions is skyrocketing, fuelled by the conflict in Ukraine and the US-Israeli war on Iran which have been largely defined by the use of unmanned aerial vehicles (UAV) and missiles. North Industries Group Corporation (Norinco) is using miniature models to display its...

Why Indonesia cannot afford to scrap Prabowo’s free meals programme

Indonesia has vowed to overhaul the country’s ambitious free nutritious meals programme following public pressure and recent allegations of corruption – a move analysts described as a “moderate” concession in lieu of an “embarrassing” discontinuation of President Prabowo Subianto’s flagship initiative. The US$15 billion initiative aims to reach 83 million schoolchildren, pregnant women, breastfeeding mothers, and toddlers to prevent malnutrition and stunted growth. However, it has been dogged by

China ‘Goose Leg Auntie’ celebrated for street snacks slammed for using inexpensive duck legs

China’s “Goose Leg Auntie” has come under fire after allegedly selling cheaper duck legs as raw materials. Chen Xiufeng, a 56-year-old street vendor in Beijing, built a loyal following with her 16 yuan (US$2) roast “goose legs”, promoted through social media pre-order groups. After arriving in Beijing in 2000 to sell fruit outside university gates, Chen later became known as “Goose Leg Auntie” because students queued at night for her popular goose leg snack. Students from two top universities...

Iran says US peace deal must include permanent Lebanon ceasefire

Iran’s Foreign Minister Abbas Araghchi said on Tuesday that ending the war on all fronts, including in Lebanon, was “the most important” issue in the peace deal with the United States announced the day before. “The important point I want to emphasise here is that in our view, there are two parties to this memorandum – one side is America and Israel, and the other side is Iran and Hezbollah,” said Araghchi during a briefing with foreign diplomats broadcast on state television. “This is perhaps...

Taiwan KMT chief's US trip boosts her profile as defense questions persist