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Volodymyr Zelensky visits Italy, Germany and France

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Zelensky was able to secure a defence aid package worth over €2.7 billion from Germany to help with the months ahead

 
Ukraine President Volodymyr Zelensky has been on a whirlwind European tour, visiting Italy, Germany and France.

In Germany, after meeting with Chancellor Olaf Scholz, Zelensky was able to secure a defence aid package worth over €2.7 billion to help with the months ahead.

This includes advanced German Leopard tanks and more anti-aircraft systems to defend Ukraine from daily Russian missile and drone attacks.

Zelensky described the new tranche as “the largest since the beginning of the full-scale aggression” by Russia in February 2022.

Russia accused Ukraine of repeatedly hitting targets inside Russia, including a reported drone attack on Moscow’s Kremlin earlier this month.

“We are not attacking Russian territory,” he said after talks in Berlin with Chancellor Scholz.

“We are preparing a counterattack to de-occupy the illegitimately conquered territories,” he added.

Scholz also signed off his speech using the famous war cry made famous by his counterpart.

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Could Trump’s Middle East peace deal reshape the global economy?

Trump’s ceasefire deal between Israel and Hamas may reshape global markets and trigger new economic dynamics.

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Trump’s ceasefire deal between Israel and Hamas may reshape global markets and trigger new economic dynamics.


Donald Trump’s latest diplomatic breakthrough — a ceasefire and potential peace deal between Israel and Hamas — could have ripple effects far beyond the Middle East. The former U.S. president is eyeing economic reconstruction opportunities in the region, with energy, infrastructure, and trade set to benefit if stability holds.

Experts say the deal could also influence global oil prices, energy markets, and investment flows, as renewed peace opens the door to new development projects. But it could also trigger volatility if negotiations falter or regional rivalries reignite.

As Trump prepares for further talks with China on trade and critical minerals, economists are watching closely. Could this mark the beginning of a new era of economic détente — or the start of another global power struggle centred around strategic resources?

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Australia rushes to finalise billion-dollar minerals deal with the U.S.

Australia seeks a $1.2 billion minerals deal with the U.S. to reduce reliance on China ahead of Albanese-Trump talks.

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Australia seeks a $1.2 billion minerals deal with the U.S. to reduce reliance on China ahead of Albanese-Trump talks.


Australia is racing to secure a landmark critical minerals deal with the United States ahead of Prime Minister Anthony Albanese’s upcoming meeting with President Donald Trump. The agreement, worth an estimated $1.2 billion, aims to strengthen supply chains and reduce both nations’ reliance on China’s mineral dominance.

The deal would see Australia establish a strategic reserve of rare earths, backed by U.S. investment and government funding. Australian miners are being consulted on potential price floors and financing models that could redefine the future of the country’s resources sector.

However, questions remain over the economic risks. Analysts warn that introducing price controls and heavy government intervention could have unintended consequences, especially if China retaliates with tariffs or production cuts. The deal could reshape global competition for critical minerals essential to defence, energy, and technology industries.

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China defends rare earth export curbs amid U.S. tensions

China defends rare earth export curbs as legitimate amid rising tensions with U.S. over tariffs and impending Trump-Xi meeting

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China defends rare earth export curbs as legitimate amid rising tensions with U.S. over tariffs and impending Trump-Xi meeting

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In Short:
– China defends rare earth export restrictions as lawful responses to U.S. tariffs and promotes global peace.
– U.S. imposes 100% tariffs, affecting trade relations and causing significant market losses.
China has defended its recent export restrictions on rare earths as a legitimate response under international law, countering U.S. claims of economic coercion after new U.S. tariffs were imposed.The Chinese Ministry of Commerce clarified that these measures, implemented on October 9, aim to enhance export control systems and promote global peace amid a turbulent security landscape.

The controls include not only rare earth materials but also intellectual property and technologies related to them.

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The ministry noted that these restrictions are not outright export bans, asserting that applications meeting certain criteria will still be approved. It indicated confidence that the measures would have a minimal impact on the supply chain. Foreign entities will need a license if exporting products containing over 0.1% of locally-sourced rare earths, with weapons-related applications automatically denied.

In response, U.S. President Donald Trump announced on October 10 new 100% tariffs on Chinese imports, beginning November 1, along with export controls on critical software. Following these statements, global stock markets reacted negatively, resulting in a loss of $2 trillion in market capitalisation.

China contends that the U.S. operates double standards, as its own control list comprises over 3,000 items compared to China’s fewer than 1,000. China plays a crucial role in the rare earth supply, holding approximately 70% of the global market.

Trade Tensions

In addition to the export controls, China disclosed plans to begin charging U.S. ships docked at its ports, mirroring new U.S. fees for Chinese vessels. This action is presented as a necessary counter to U.S. measures, complicating the atmosphere of ongoing trade discussions.

U.S. and Chinese officials have engaged in various negotiations over recent months, focusing on topics such as the divestment of TikTok, but tensions remain high following recent developments.


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