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First major Chinese company suspends business sales in Russia & Ukraine

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Chinese drone company, DJI halts sales in Russia and Ukraine amidst fears they could be used to cause harm

In a short statement, DJI says they will “temporarily suspend all business activities in Russia and Ukraine”.

Though some Chinese banks have halted financial dealings in Russia, DJI is the first major company to pause business operations in the region, despite the strong stance the Chinese government has had on avoiding criticism of the war.

A press release last week from DJI condemns the use of drones for military purposes, stating, “our products are made to improve people’s lives and benefit the world, and we absolutely deplore any use of our products to cause harm”.

“We will terminate our business relationship with [distributors, resellers, and other business partners] if they cannot adhere to this commitment.”

Analysts say the drone company wants to appear neutral in the war and believe paused operations by the world’s largest commercial drone-maker is unusual for a major Chinese company.

Speaking to Reuters, a DJI spokesperson says that “DJI abhors any use of our drones to cause harm, and we are temporarily suspending sales in these countries in order to help ensure no-one uses our drones in combat”.

DJI will continue to assess the use of their products in these regions and whether they have been used for military purposes.

China has sought to remain neutral on the conflict, calling for a peaceful solution. But it has yet to condemn the Russian invasion.

Last month, Ukraine’s Vice Prime Minister tweeted DJI to say: “Block your products that are helping Russia to kill the Ukrainians.”

An open letter attached to the tweet alleged that Russia was using DJI drones to help target missiles.

The company responded saying the products were only for civilian use.

Katerina Kostakos contributed to this report

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Commodities surge as oil volatility and metals hit record highs

Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.

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Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.

Global commodities are on the move, with oil prices swinging sharply as geopolitical tensions involving Iran fuel uncertainty across energy markets. Traders are closely watching supply risks and political flashpoints, driving short-term volatility.

Precious metals are stealing the spotlight, pushing to record highs as investors seek safety amid inflation concerns, interest-rate uncertainty and rising global risk. At the same time, industrial metals are surging, supported by demand expectations and tightening supply.

To unpack what this means for markets and investors, we’re joined by Kyle Rodda from Capital.com to break down the key drivers behind this powerful commodities rally.

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#Commodities #OilPrices #Gold #Metals #MarketVolatility #Geopolitics #Investing #TickerNews


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Stocks slide and Trump cancels talks: What’s next for markets and Greenland?

U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.

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U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.


U.S. stocks fell for a second day on Wednesday, with the S&P 500 dropping 0.9% and the Dow Jones losing 164 points. Investors are reassessing record-high levels as major banks report weaker-than-expected earnings.

Wells Fargo shares tumbled more than 5% after disappointing revenue results, while Bank of America is down roughly 7% week to date. Citigroup and Wells Fargo have both seen declines of about 8%, highlighting volatility in the banking sector.

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#StockMarket #SP500 #DowJones #BankEarnings #TrumpNews #Iran #Greenland #Geopolitics


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U.S. budget deficit falls to $1.67 trillion

US budget deficit falls to $1.67 trillion amid tariffs; implications of corporate taxes and Supreme Court rulings discussed.

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US budget deficit falls to $1.67 trillion amid tariffs; implications of corporate taxes and Supreme Court rulings discussed.


The US budget deficit has dropped to $1.67 trillion in 2025, the lowest in three years, driven by record customs revenue from President Donald Trump’s tariffs. While this marks a positive shift for the economy, challenges loom with potential Supreme Court rulings on tariffs and falling corporate tax receipts.

David Scutt from StoneX explains the key factors behind the decline in the deficit and what December’s figures reveal about the overall fiscal health of the US.

We also explore the potential implications of upcoming Supreme Court decisions and how the One Big Beautiful Bill Act could impact future deficits. Stay informed on what these changes mean for the economy and markets.

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#USBudget #DeficitUpdate #TrumpTariffs #FiscalPolicy #Economy2025 #SupremeCourtImpact #CorporateTaxes #FinancialNews


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