作者: admin

  • US stocks fall while a break in gold fever sends metals prices plunging

    US stocks fall while a break in gold fever sends metals prices plunging

    NEW YORK — Wall Street experienced significant volatility on Friday as investors grappled with the implications of President Donald Trump’s nomination of Kevin Warsh to chair the Federal Reserve, triggering dramatic swings across multiple asset classes.

    The S&P 500 declined 0.4%, recovering from an earlier 1.1% plunge, while the Dow Jones Industrial Average dropped 179 points (0.4%). The technology-heavy Nasdaq composite suffered the steepest losses at 0.9%. The U.S. dollar demonstrated considerable instability before ultimately strengthening, reflecting market uncertainty regarding future monetary policy directions.

    Precious metals markets witnessed particularly extreme movements, with gold prices collapsing 11.4% to settle at $4,745.10 per ounce—a dramatic reversal following its remarkable 12-month rally that had seen prices approximately double. Silver experienced even more severe declines, plummeting 31.4% after its own spectacular rally.

    The nomination has ignited intense scrutiny regarding the Federal Reserve’s future independence, a cornerstone of central banking that allows for politically difficult but economically necessary decisions. Warsh, a former Fed governor, brings established credentials but also represents Trump’s preference for lower interest rates, creating tension between presidential influence and central bank autonomy.

    Market analysts offered contrasting interpretations. Some viewed Warsh’s Fed experience as reassuring for institutional independence, while others noted his recent criticisms of current Chair Jerome Powell and alignment with Trump’s monetary policy views since 2009. Thierry Wizman, Macquarie Group strategist, observed that while Warsh might not immediately push for rate cuts, he could prove more amenable to presidential preferences when economic conditions change.

    The metals sell-off battered mining stocks, with Newmont declining 11.5% and Freeport-McMoRan dropping 7.5%. These reversals followed massive rallies driven by investors seeking safety against multiple concerns: potential Fed politicization, elevated stock valuations, trade tariff threats, and soaring global government debt.

    Market losses were partially mitigated by strong performances from major technology companies. Tesla rebounded with a 3.3% gain after better-than-expected quarterly profits, while Apple added 0.5% following its own strong earnings report.

    Bond markets saw the 10-year Treasury yield edge up to 4.25%, with upward pressure coming from hotter-than-expected wholesale inflation data that might compel the Fed to maintain current interest rates rather than implement cuts.

    International markets showed mixed performance, with European indexes generally advancing while Asian markets varied. Indonesian stocks rose 1.2% following the resignation of the country’s stock exchange CEO after recent transparency concerns.

    The nomination now awaits Senate confirmation, leaving markets to weigh the balance between established Fed traditions and presidential influence over critical interest rate decisions.

  • Britain’s Starmer seeks to bolster China ties despite Trump warning

    Britain’s Starmer seeks to bolster China ties despite Trump warning

    British Prime Minister Keir Starmer has embarked on a landmark diplomatic mission to China, marking the first visit by a UK leader in eight years. The trip signals a strategic pivot toward strengthening bilateral relations with Beijing despite cautions from former US President Donald Trump, who characterized such engagement as “very dangerous.

    During high-level discussions with Chinese President Xi Jinping and Premier Li Qiang on Thursday, both nations emphasized the critical importance of enhanced cooperation. The meetings yielded substantial agreements, including a significant visa liberalization arrangement that permits British passport holders visa-free travel to China for stays under 30 days. This provision aligns the UK with approximately 50 other nations enjoying similar access, including France, Germany, Australia, and Japan.

    Additional accords addressed collaborative efforts to combat migrant smuggling networks, expand British exports to Chinese markets, advance health initiatives, and reinforce the UK-China trade commission. In a move particularly beneficial to British industry, China committed to reducing tariffs on whisky imports from 10% to 5%.

    President Xi noted the importance of strengthened dialogue between the two nations within today’s “complex and intertwined” global landscape. Starmer characterized the engagements as producing “real progress” and exactly the “level of engagement that we hoped for.”

    The diplomatic outreach occurs against the backdrop of deteriorating UK-China relations since 2020, when Beijing implemented its national security law in Hong Kong. Despite these tensions, China remains Britain’s third-largest trading partner, and Starmer’s government views economic collaboration as essential to achieving its primary objective of stimulating UK economic growth.

    The business delegation accompanying Starmer, comprising approximately 60 executives, witnessed significant commercial commitments, including AstraZeneca’s announcement of a $15 billion investment in China through 2030 to expand pharmaceutical manufacturing and research capabilities.

  • Sumo diplomacy: Japan’s heavyweight ‘soft power’ ambassadors

    Sumo diplomacy: Japan’s heavyweight ‘soft power’ ambassadors

    In a strategic revival of cultural diplomacy, Japan is redeploying its ancient sport of sumo wrestling as a soft power instrument after nearly twenty years of limited international presence. The thunderous collision of heavyweight wrestlers, once a rare spectacle outside Japan, is now scheduled for Paris in June following a successful London showcase at Royal Albert Hall last year—marking the sport’s most significant overseas engagement since the 2005 Las Vegas tournament.

    The Japan Sumo Association (JSA) has historically utilized these imposing athletes as cultural ambassadors since as early as 1854, when wrestlers demonstrated their prowess before American Commodore Matthew Perry during Japan’s diplomatic opening. While Perry famously described the exhibition as ‘barbaric’ in his journals, modern perceptions have shifted dramatically. According to Penn State University’s Asian studies professor Jessamyn R. Abel, contemporary audiences who already perceive Japan as culturally compelling find sumo reinforces that positive perception.

    This diplomatic strategy evolved throughout the 20th century, with sumo tours complementing Japanese foreign policy during the Cold War era. A notable historical moment occurred in 1973 when wrestlers visited Beijing to celebrate normalized Sino-Japanese relations, coinciding with China’s reciprocal ‘panda diplomacy’ that sent bears to Tokyo. However, current geopolitical tensions would render such exchanges less impactful today, notes University of Vermont historian Erik Esselstrom.

    The sport’s international decline stemmed from multiple factors: the JSA’s renewed focus on domestic audiences, waning global popularity exacerbated by scandals, pandemic travel restrictions, and insufficient foreign interest. Yasutoshi Nakadachi, a former wrestler organizing the Paris tour, acknowledges the association previously faced a ‘complicated situation’ regarding overseas events.

    Current conditions have created an ideal environment for sumo’s diplomatic comeback. Japan anticipates record tourism numbers in 2025, with international visitors increasingly seeking authentic cultural experiences. Domestic tournaments now consistently sell out, reflecting renewed enthusiasm. Promoter David Rothschild, who initially approached the JSA a decade ago without response, finally secured cooperation in 2023 under strict conditions that prioritize sumo’s traditional integrity over entertainment value.

    The Paris event, building on previous visits in 1986 and 1995, represents more than athletic competition—it symbolizes cultural exchange. Current wrestlers like cinema enthusiast Wakamotoharu anticipate personal cultural experiences, while organizers remember past interactions with enthusiastic supporters including former French President Jacques Chirac. As these cultural ambassadors prepare to walk Parisian cobblestones, they carry forward a centuries-old tradition of diplomatic engagement through athletic excellence.

  • Trump and his sons sue IRS and US Treasury over leaked tax information

    Trump and his sons sue IRS and US Treasury over leaked tax information

    Former President Donald Trump and his sons Donald Trump Jr. and Eric Trump have initiated a massive $10 billion civil lawsuit against the U.S. federal government, alleging systemic failures in protecting their confidential tax information. The legal action, filed in Miami federal court, targets both the Internal Revenue Service and Treasury Department for their purported negligence in preventing the unauthorized disclosure of sensitive financial documents.

    The lawsuit centers on the actions of former IRS contractor Charles “Chaz” Littlejohn, currently serving a five-year prison sentence after admitting to leaking Trump’s tax data to major media outlets. According to the filing, government agencies breached their statutory duty to safeguard taxpayer information, resulting in significant reputational damage and public embarrassment for the Trump family and their business organization.

    The complaint details how Littlejohn, motivated by political opposition to Trump, weaponized his access to unmasked taxpayer data to advance his personal agenda. Court documents reveal the contractor considered Trump ‘dangerous’ and a ‘threat to democracy,’ justifying his actions as necessary despite legal boundaries.

    This legal battle revives scrutiny of Trump’s longstanding resistance to tax transparency. During both his 2016 and 2020 presidential campaigns, Trump broke with decades of tradition by refusing to voluntarily release his returns, citing ongoing audits. The New York Times’ September 2020 exposé based on leaked documents revealed Trump paid minimal federal income taxes—just $750 in the year he won the presidency—and no taxes at all in ten of the previous fifteen years.

    The Trump Organization claims the leaks caused substantial financial harm and unfairly tarnished their business reputation. Notably, Trump eventually released his tax documents voluntarily in 2022, two years after the initial media disclosure. The lawsuit emphasizes the government’s failure to implement mandatory security precautions despite handling exceptionally sensitive information about a sitting president.

  • Watch: RTA honours Dubai’s best 200 delivery riders with excellence award

    Watch: RTA honours Dubai’s best 200 delivery riders with excellence award

    Dubai’s Roads and Transport Authority (RTA) has elevated the standards of service excellence by recognizing 200 outstanding delivery riders in a prestigious ceremony held at the Dubai Police Officers Club on January 29, 2026. The event marked the second edition of the Delivery Sector Excellence Award, a groundbreaking regional initiative designed to acknowledge the critical role delivery personnel play in Dubai’s commercial ecosystem.

    The awards ceremony distinguished riders across three tiers of excellence: 50 Gold category recipients, 60 Silver category honorees, and 90 Bronze category awardees, with financial rewards scaled according to achievement levels. Selection criteria emphasized impeccable service records, including zero complaints, traffic violations, and accidents, combined with exceptional performance evaluations.

    Beyond individual recognition, the awards program celebrated organizational excellence across multiple categories. Elite Zone Delivery Services, Zone Delivery Services, and Zajel Logistics Services received top honors as Best Delivery Companies, while DB L.L.C (Delivery Hero/Talabat), Careem Delivery Services, and Motoboy Delivery Services were recognized as Best Delivery Companies via Platforms and Smart Applications.

    Majid Al Futtaim Group received the Best Partner Award for its substantial contributions to RTA’s strategic objectives, particularly through maintaining water dispensers at rider rest areas and supporting quality of life initiatives for delivery personnel.

    Mattar Al Tayer, RTA Director General and Chairman of the Board of Executive Directors, emphasized the sector’s growing importance: ‘The delivery sector has become a core pillar of Dubai’s commercial and logistics transport ecosystem, requiring advanced governance that balances service efficiency with safety and quality of life protection.’

    Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, highlighted the alignment between the awards program and Dubai’s Road Safety Strategy, noting that ‘traffic safety represents one of Dubai Police’s strategic pillars and remains at the forefront of policing priorities.’

    The initiative represents a comprehensive approach to enhancing service quality while promoting strict adherence to traffic regulations and occupational safety standards across Dubai’s rapidly growing delivery sector.

  • $25 visas for PNG Chiefs’ players, fans for 2028 NRL debut

    $25 visas for PNG Chiefs’ players, fans for 2028 NRL debut

    In an unprecedented move blending sports diplomacy with international relations, the Australian government has announced dramatically reduced visa fees for Papua New Guinea’s NRL supporters ahead of the PNG Chiefs’ anticipated 2028 league debut. The Albanese administration will slash application charges from $430 to just $25, creating one of the most accessible international fan experiences in professional sports history.

    This visionary initiative extends beyond spectators to encompass players, coaching staff, officials, and media representatives associated with the newest NRL franchise. The specially designed visitor visas will remain valid for twelve months, permitting multiple short-duration stays throughout the competitive season.

    Home Affairs Minister Tony Burke emphasized the profound symbolic significance of this development, stating: “The PNG Chiefs joining the NRL transcends athletic competition—it embodies the deepening friendship and collaborative partnership between our nations. Our shared enthusiasm for sport continues to drive this unique bilateral relationship forward.”

    Burke additionally acknowledged PNG Prime Minister James Marape’s “visionary leadership and determined commitment” in realizing this groundbreaking initiative. The minister further noted that both nations are “addressing similar challenges and pursuing success collectively” through this sporting partnership.

    Complementing the visa fee reduction, the federal government will establish dedicated processing resources including specialized immigration officers and a comprehensive digital portal specifically for Chiefs-related applications. This infrastructure will streamline administrative procedures and expedite visa determinations for PNG nationals.

    This program integrates with existing Pacific regional initiatives such as the Pacific Engagement Visa (PEV), which provides permanent residency pathways for qualified applicants from Papua New Guinea. All visa applicants must still satisfy standard health, character, and genuine visitor requirements stipulated by Australian immigration authorities.

    The announcement follows recent leadership developments within the PNG Chiefs organization, with Catherine Harris assuming the chairmanship following Ray Dib’s departure last week.

  • Korda mulls tech league after ‘unbelievable miss’ on mixed teams

    Korda mulls tech league after ‘unbelievable miss’ on mixed teams

    LPGA superstar Nelly Korda has expressed complex reservations regarding the newly announced women’s division of the tech-driven golf league established by legends Tiger Woods and Rory McIlroy. The two-time major champion labeled the league’s decision to forgo mixed-gender teams an “unbelievable miss” for the sport, despite welcoming the overall opportunity for female players.

    Speaking ahead of the LPGA’s season-opening Tournament of Champions in Orlando, Korda revealed her internal conflict. “I’m surprised no other girls have, or no one’s really spoken out about it,” she stated. “I think it’s a huge and unbelievable miss that we’re not playing alongside the men. There’s no greater way to grow the game, and it would have been revolutionary. It would have been the first time, I think, that men and women are on the same playing field, playing for the same exact amount of money.

    The innovative TMRW Sports league, which utilizes advanced simulators and a movable green within an arena setting, recently commenced its second season at a custom-built venue in South Florida. This month, organizers confirmed a parallel women’s league, the WTGL, would launch in the 2026-27 season.

    The venture has already attracted a constellation of LPGA talent, including world number one Jeeno Thitikul of Thailand, New Zealand’s Lydia Ko, Canada’s Brooke Henderson, England’s Charley Hull, and American veteran Lexi Thompson.

    Hull, while sharing the venue inspection experience this week, expressed gratitude for the opportunity despite the separation. “I’m just grateful for them giving us an opportunity no matter what really,” Hull commented. “Could be something they build in the future, you never know. I feel like them giving us an opportunity to go out there on the same stage as the guys even though it’s not at the same time… I really respect that.” She was particularly impressed by the high-tech SoFi Center’s mechanics, noting the realistic ball reaction on the moving green.

    Thitikul, yet to visit the venue, voiced optimism that the indoor format would provide a powerful platform to showcase the elite skill level present in women’s golf, potentially attracting new audiences to the sport.

  • ‘Underrated’: Nathan Cleary lauds Jack Cogger’s return to Penrith as unsung grand final hero reveals role for 2026

    ‘Underrated’: Nathan Cleary lauds Jack Cogger’s return to Penrith as unsung grand final hero reveals role for 2026

    In a strategic move that reunites one of the NRL’s most effective partnerships, Penrith Panthers have secured the return of Jack Cogger on a three-year contract following his stint with Newcastle Knights. The reunion brings together the halves combination that famously orchestrated Penrith’s spectacular comeback victory in the 2023 grand final against Brisbane Broncos.

    While Nathan Cleary received widespread acclaim for his heroic performance in the final twenty minutes of that decisive match, the champion halfback consistently emphasizes Cogger’s underrated contribution off the bench. When regular halves partner Jarome Luai exited with a shoulder injury with 29 minutes remaining, Cogger’s insertion into the game proved transformative. His calm demeanor and strategic play at first receiver created crucial opportunities, setting up two critical tries that enabled Cleary’s legendary match-winning performance.

    Cleary describes Cogger as possessing a unique ability to generate space for his teammates while maintaining composure during high-pressure situations. “He brought a different calm energy onto the field when everything was a bit hectic,” Cleary noted. “He came on and was really positive and clicked me into gear to think the right things. We both see the game really similarly, so we can bounce ideas off each other.”

    Cogger’s return to Penrith follows a challenging period with Newcastle where he experienced inconsistent selection despite expectations that he would provide stability in the halves. His release from the Knights with a year remaining on his contract created the opportunity to return to western Sydney, facilitated by the positive relationships maintained during his previous departure.

    The reunion positions Cogger as a valuable utility player who can provide cover during State of Origin periods when Cleary is likely to be absent with the Blues squad. His familiarity with Penrith’s systems and playing style gives him an advantage in slotting back into the squad, where he is expected to compete for a bench role behind starting halves Cleary and newcomer Blaize Talagi.

    Cogger approaches his return with measured optimism, recognizing both the challenges and opportunities ahead: “I have to be ready around Origin time when Nathan will be away. You have to be ready to step in and make sure that the team keeps ticking away exactly the same as when he’s here. Hopefully, I can play a bit of a role as a utility and offer something that can benefit the team.”

  • White House border czar plans to cut immigration agents in Minneapolis, pending local cooperation

    White House border czar plans to cut immigration agents in Minneapolis, pending local cooperation

    In a significant shift in immigration enforcement strategy, White House Border Coordinator Tom Homan revealed plans Thursday to substantially reduce federal immigration personnel in Minneapolis. The decision follows successful negotiations with Minnesota state and local leaders that established a new framework for handling undocumented immigrants who pose public safety risks.

    During a Minneapolis press conference, Homan detailed the agreement reached with Minnesota Governor Tim Walz, Attorney General Keith Ellison, and Mayor Jacob Frey. The arrangement ensures that individuals arrested for public safety offenses will not be released back into the community but instead will be lawfully transferred to U.S. Immigration and Customs Enforcement (ICE) custody upon completion of their local sentences.

    “This common-sense cooperation eliminates the need to repeatedly arrest the same public safety threats,” Homan explained. “County jails will now notify ICE of release dates for identified criminal risks, enabling seamless federal custody transfer.”

    The border czar confirmed that personnel from both Customs and Border Protection and ICE are developing a detailed drawdown plan contingent on continued local cooperation and the diminishing number of enforcement targets. Homan emphasized that further reductions would be possible if what he described as “hateful rhetoric and interference” against immigration agents ceases.

    The announcement came during Homan’s three-day mission to Minnesota dispatched by President Donald Trump. While declining to comment on recent fatal shootings involving border patrol agents, Homan strongly condemned the “hostile rhetoric and dangerous threats” directed against immigration enforcement personnel.

    This policy shift represents a pragmatic approach to immigration enforcement that prioritizes dangerous offenders while potentially reducing the federal footprint in communities demonstrating cooperation with federal priorities.

  • Champions League first round ends with twists, turns and keeper scoring

    Champions League first round ends with twists, turns and keeper scoring

    European football witnessed an unprecedented climax to the Champions League’s revolutionary new format Wednesday night as Benfica goalkeeper Anatoliy Trubin’s 98th-minute header against Real Madrid created seismic shifts in the knockout stage qualifications. The astonishing goal not only secured Benfica’s 4-2 victory but propelled the Portuguese side into the playoff round while simultaneously eliminating Marseille and jeopardizing Manchester City’s direct advancement.

    The redesigned 36-team league phase, implemented this season to replace traditional groups, delivered its promised drama through simultaneous final matchday fixtures that kept multiple clubs in perpetual suspense. At Etihad Stadium, Manchester City supporters monitored their phones anxiously, aware that a late Madrid equalizer would have demoted them from the top eight into the playoff qualification scramble.

    Real Madrid experienced their own dramatic downfall, tumbling from third position out of direct qualification after Sporting CP secured a stoppage-time 3-2 victory at Athletic Bilbao. The Spanish giants now face the playoff route despite their storied European pedigree.

    The new structure’s emphasis on sustained competitiveness was validated through 61 goals scored across 18 simultaneously played matches, creating what UEFA Deputy Secretary General Giorgio Marchetti described as ‘a massive climax when stakes are at their highest.’ The format ensures meaningful matches throughout the phase, eliminating the dead rubbers that plagued the previous group stage system.

    Manchester City manager Pep Guardiola expressed admiration for the revamped competition, noting: ‘I like the new format. I don’t like that there’s more games but I like it, every game is like a final.’ Guardiola revealed he planned to thank Benfica manager José Mourinho for the strategic decision to send goalkeeper Trubin forward in the dying moments.

    UEFA officials highlighted the increased equity and inclusion afforded to clubs from smaller nations, creating a more dynamic and diverse competition. The sixteen qualified teams will discover their playoff opponents during Friday’s draw, setting the stage for the next chapter in this transformed European landscape.