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Trump-era trade stress leads Western powers to Asia

Stability. Consistency. Ever-changing complexity.

With language like that, deployed in separate meetings in three Asian capitals this week, government leaders forged closer ties driven in part by a figure halfway around the world: the president of the United States. And much of the time, they didn't even mention Donald Trump's name.

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Gold soars towards $5,600 as Trump rattles saber over Iran

Gold prices soared to a fresh record near $5,600 on Thursday, while oil rallied after Donald Trump ramped up geopolitical tensions with his threatened military strike on Iran.

The surge in safe-haven precious metals also saw silver hit another peak and has been helped by a softer dollar sparked by speculation that the U.S. president is happy to see the world's reserve currency weaken.

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Vietnam, EU upgrade ties as US tariffs reshape global trade

Vietnam and the European Union on Thursday upgraded ties to a comprehensive strategic partnership, Vietnam's highest diplomatic level, as both recalibrate trade amid disruptions to global finance driven by U.S. tariff pressure.

The upgrade places the EU on the same diplomatic footing as the United States, China and Russia and was announced during a visit to Hanoi by European Council President António Costa.

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Starmer and Xi call for deeper UK-China ties as Trump shakes up global relations

The leaders of Britain and China called Thursday for a "comprehensive strategic partnership" to deepen ties between their nations at a time of growing global uncertainty.

Neither publicly mentioned Donald Trump, but the American president's challenges to the post-Cold War order was clearly on their minds.

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EU appears poised to sanction Iran's Revolutionary Guard over protest crackdown

The European Union appeared poised Thursday to sanction Iran's paramilitary Revolutionary Guard over Tehran's deadly crackdown on nationwide protests, further squeezing the Islamic Republic as it worries over a threat by U.S. President Donald Trump to potentially launch a military strike against it.

America has moved the USS Abraham Lincoln and several guided-missile destroyers into the Mideast, which can be used to launch attacks from the sea. Iran has kept up its own threats as well, saying it could launch a preemptive strike or broadly target the Mideast, including American military bases and Israel.

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Al Habtoor Group exits Lebanon and lays off employees after dispute with authorities

A conglomerate based in the United Arab Emirates said Wednesday it is closing its operations in Lebanon and laying off all employees following a dispute with authorities in the crisis-hit country.

The announcement by the Dubai-based Al Habtoor Group came two days after it said it will take legal action against Lebanese authorities over claims of investment losses of $1.7 billion.

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The EU is seeking new trade partnerships. Here's why

The ambitious free trade agreement between the European Union and India underscores the EU's efforts to ink new global partnerships at a time when the Trump administration has rattled a continent deeply tied to Washington on trade, defense and diplomacy.

The agreement announced Tuesday reflects a new priority for the 27-nation EU, the world's largest trading bloc, after U.S. President Donald Trump threatened to impose tariffs because of opposition to American control of Greenland, only to back off days later. It follows trade deals struck or pending over the past year with India, Japan, Indonesia, Mexico and the five Mercosur nations of South America.

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Ambassador Cowell launches the British Lebanese Chamber of Commerce  

 

British Ambassador to Lebanon Hamish Cowell on Tuesday launched the British Lebanese Chamber of Commerce (BLCC) during a reception held at his residence. 

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Starmer heads to China to defend 'pragmatic' partnership

U.K. Prime Minister Keir Starmer arrives in Beijing on Wednesday for a four-day visit to China aimed at repairing ties and expanding opportunities for British businesses in the world's second-largest economy.

He is the first British leader to come to Beijing since Theresa May in 2018. The relationship has deteriorated in recent years over growing concern about Chinese spying and surveillance, China's support for Russia in the Ukraine war and Beijing's crackdown on civil liberties in Hong Kong, the former British colony.

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Dollar struggles to recover from losses after Trump comments

The dollar struggled to bounce back Wednesday following another selloff fuelled by Donald Trump's suggestion he was happy with the currency's recent decline, while tech firms helped most Asian equity markets extend their rally.

Traders are also keeping an eye on the Federal Reserve's latest meeting, hoping for some guidance on its plans for interest rates amid uncertainty over the US president's policies following his latest tariff threats.

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