China ‘made a real mistake’ by ‘firing shots’ on rare earths, says Scott Bessent

Australia and Canada have signed a significant agreement aimed at enhancing cooperation in the critical minerals sector. This deal is crucial as it not only strengthens the ties between the two nations but also addresses the growing global demand for critical minerals essential for technology and renewable energy. By collaborating, both countries can ensure a stable supply chain and promote sustainable practices, which is vital for their economies and the environment.

Canada is taking a significant step by supporting 25 critical minerals projects as part of a G-7 initiative. This move is crucial as it aims to enhance access to essential minerals needed for various industries, including technology and renewable energy. Companies like Rio Tinto Group and Nouveau Monde Graphite Inc. are set to benefit, which could lead to job creation and economic growth in the region.

Nvidia's future in China remains uncertain following a recent meeting between Trump and Xi, as the company navigates the ongoing economic tensions between the U.S. and China. With the demand for AI systems soaring, Nvidia's position is critical, and the outcome of these diplomatic discussions could significantly impact its operations and strategy in the region.

The ongoing dispute between the UK and China over key embassy buildings is raising concerns about a potential diplomatic cooling between the two nations. Whitehall officials are optimistic that a resolution can be reached, but the tensions highlight the fragility of international relations in a time of geopolitical uncertainty. This situation matters because it could impact trade, security, and cooperation on global issues, making it essential for both countries to find common ground.

Soybean futures have experienced their largest monthly gain since 2020, driven by increased purchases from China as part of a renewed trade relationship. This surge is significant as it reflects a positive shift in agricultural trade dynamics, potentially benefiting American farmers and the economy.

The Trump administration's hesitance to lower fentanyl-based tariffs on China highlights a significant tension in U.S.-China trade relations. This reluctance not only affects economic ties but also has broader implications for public health and international cooperation on drug-related issues. Understanding these dynamics is crucial as they shape future policies and negotiations.

Recent trade talks between the U.S. and China have led to a significant development, with analysts suggesting that Beijing has secured a major win. The Trump administration has agreed to pause a national security measure that would have restricted trade with foreign companies deemed a threat. This truce on tariffs and rare earths not only eases tensions but also opens the door for more constructive dialogue between the two nations, which is crucial for global economic stability.

US Treasury Secretary Scott Bessent recently described the Argentine peso as 'undervalued', sparking a debate about the effectiveness of the US's financial support for Argentina. While this statement suggests optimism about the country's economic recovery, many experts disagree, raising concerns about the long-term viability of the bailout. This situation is significant as it highlights the complexities of international financial aid and its impact on global markets.

Bulgaria has implemented partial restrictions on fuel exports to EU countries following US sanctions against Russia's Lukoil, raising concerns about security and supply within the bloc. This move highlights the ongoing tensions between Western nations and Russia, particularly in the energy sector, and could have significant implications for fuel availability in Europe as countries navigate the complexities of sanctions and energy dependence.

Nigeria has pledged to intensify its efforts against extremism following President Trump's decision to add the country to a watch list. This move highlights the ongoing challenges Nigeria faces with terrorism and violence, and the government's commitment to addressing these issues is crucial for national stability and international relations.

Brazil's Azul has successfully reached an agreement with its unsecured creditors during its Chapter 11 proceedings, marking a significant step towards financial recovery. This deal is crucial as it allows the airline to restructure its debts and continue operations, which is vital for maintaining jobs and services in the aviation sector. The resolution of these negotiations not only stabilizes Azul but also boosts confidence in Brazil's airline industry as it navigates post-pandemic challenges.

Berkshire Hathaway has sold $6.1 billion worth of stock, leading to record cash reserves for the conglomerate. This move comes as Warren Buffett, the company's iconic leader, prepares for retirement. The sale reflects Buffett's strategy to maintain liquidity and possibly invest in future opportunities, which is crucial for the company's ongoing success and stability.

Southwest Airlines, once celebrated for its exceptional customer service, is facing criticism due to recent changes that may prevent some customers from flying. According to JD Power's 2025 North American Airline Satisfaction Study, Southwest has ranked highest in customer satisfaction in the economy segment for four consecutive years. However, these new policies could undermine that reputation, raising concerns among loyal customers about their travel options and the airline's commitment to service.

Berkshire Hathaway has reported record cash levels alongside rising profits, a sign of the company's strong financial health. This is particularly significant as it comes at a time when speculation about Warren Buffett's eventual exit from the company is growing. Investors are keenly watching how Berkshire navigates this transition, making the current financial performance a crucial indicator of its future stability.