Geopolitical tensions in the world are returning again
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Ammon
4 hours ago
- Ammon
Trump may visit Israel, says White House
Ammon News - White House sources say that if the conditions are right, US President Donald Trump may visit Israel next month, before his planned visit to the United Kingdom. "The president is going to visit Britain in September, and it's possible he'll stop in Israel, but it's not certain and not yet certain," an American source told Ynet newspaper, noting: "It depends on developments, of course." An Israeli source confirmed his words, saying, "There are indeed speculations about a Trump visit, but there's nothing concrete yet. It's something that's up in the air." Trump is expected to visit Britain at the invitation of King Charles on September 17-19. The White House is currently exploring the possibility of the president visiting Israel before then – but that depends on developments in talks on a ceasefire and an end to the war in Gaza. Trump would like to visit Israel if the negotiations are successful.


Al Bawaba
7 hours ago
- Al Bawaba
Brazil rolls out $1billion 'sovereign Brazil' plan to counter U.S. tariff offensive
ALBAWABA- Brazil has announced a $1 billion plan to shield its exporters from the impact of new 50% U.S. tariffs on a range of Brazilian products. The initiative, dubbed 'Sovereign Brazil' and unveiled Wednesday, includes tax deferrals, expanded credit lines, and measures to redirect goods to domestic buyers. President Luiz Inácio Lula da Silva called the plan 'a first step' to support local exporters, noting it will be sent to Congress for approval. Brazil's government on Wednesday rolled out a long-awaited relief package including 30 billion reais ($5.6 billion) in credit to support local companies hit by US President Donald Trump's trade tariffs — Bloomberg (@business) August 13, 2025 The package includes BRL 5.5 billion ($1 billion) in credit facilities, BRL 5 billion in postponed tax payments, BRL 930 million ($186 million) in loans for SMEs through 2026, and expanded insurance coverage for cancelled export orders. Trade tensions escalated after U.S. President Donald Trump imposed the steep tariffs, linking them to demands that Brazil's Supreme Court drop charges against former President Jair Bolsonaro over his alleged role in a 2022 coup attempt. Finance Minister Fernando Haddad revealed that a scheduled meeting with U.S. Treasury Secretary Scott Besant was abruptly canceled, with no new date set. Meanwhile, Brazil has formally requested consultations at the World Trade Organization to challenge the U.S. action. Lula vowed to use 'all available resources' to defend Brazil's trade interests, but said he would not call Trump, citing a lack of willingness for dialogue. He described the tariff decision as 'the most regrettable day' in recent U.S.-Brazil relations. The tariffs are part of a wider Trump trade strategy imposing 10%–50% duties on dozens of countries, testing U.S. efforts to shrink its trade deficit without severely disrupting supply chains or inflaming inflation.

Ammon
8 hours ago
- Ammon
Bitcoin hits record high above $124,000
Ammon News - Bitcoin hit a record high on Thursday as increasing expectations for easier monetary policy from the Federal Reserve added to tailwinds from recently announced financial reforms. The world's largest crypto-asset by market capitalisation climbed as much as 0.9% to $124,002.49 in early Asia trading, surpassing its previous peak hit in July. On the day, the second largest crypto-token ether hit $4,780.04, the highest level since late 2021. Bitcoin's rally is being powered by increasing certainty of Fed rate cuts, sustained institutional buying and moves by the Trump administration to ease investment in crypto assets, said IG market analyst Tony Sycamore. "Technically a sustained break above $125k could propel BTC to $150,000," he wrote in a note. Bitcoin has risen nearly 32% so far in 2025 on the back of long-sought regulatory wins for the sector following President Donald Trump's return to the White House. Trump has called himself the "crypto president" and his family has made a series of forays into the sector over the past year. Reuters