Ukrainian parliamentary committee endorses US minerals deal
Source: Ukrainian MP Yaroslav Zhelezniak
Details: Zhelezniak noted that the committee's decision included a key provision:
Any additional arrangements on establishing the United States-Ukraine Reconstruction Investment Fund shall not contradict this Agreement.
This Agreement is valid throughout the entire territory of Ukraine within its internationally recognised borders.
He added that 11 committee members voted in favour, one abstained and two were absent.
Zhelezniak also noted that a full parliamentary vote on ratification is set for 8 May.
Background:
On 1 May, Ukraine's Economy Minister Yuliia Svyrydenko and US Treasury Secretary Scott Bessent signed the minerals deal.
On 2 May, the Ukrainian government submitted the Kyiv-Washington agreement on the establishment of the Reconstruction Investment Fund to parliament for ratification.
On the same day, Ukraine's Prime Minister Denys Shmyhal expressed hope that parliament would ratify the minerals agreement with the US by 8 May.
Support Ukrainska Pravda on Patreon!
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Computer chips made outside the US to receive 100% tariff likely spiking tech prices, but 'there's no charge' for companies currently building on American soil
When you buy through links on our articles, Future and its syndication partners may earn a commission. Apple CEO Tim Cook recently visited the White House, and after committing an additional $100 billion in US investment, Donald Trump held a press conference where he announced an addendum to his new tariff plan. Last week, Trump announced a whole new set of tariffs, with the likes of Taiwan receiving a 20% tax on its exports, but semiconductors were left in the dark, but no longer. In the conference, Trump states, "A lot of countries, a lot of companies are leaving various other places and they're coming to the United States." He continues, "So, in other words, we'll be putting a tariff of approximately 100% on chips and semiconductors" "Approximately" is a bit of a troubling word there, but it's effectively just a big number to push companies into continuing production in the US. Tariffs are intended to disincentivise companies from importing items from outside of the country where they are located. A tariff on the UK, for instance, will hit those in the US as the cost of that tariff is pushed onto the consumer. This is why the original high tariffs were changed, reinstated, and edited. The infrastructure needed to replace the need for importing in the first place can take years, so pushing a high tariff onto companies without giving this leeway doesn't really end up incentivising building chips on a national scale. He clarifies that "if you're building in the United States of America, there's no charge even though you're building and you're not producing yet in terms of the big number of jobs and all of the things that you're building." These tariffs don't entirely rely on the honour system, though. Trump does state that tariffs will apply after the fact, so "if for some reason you say you're building and you don't build, then we go back and we add it up." This means the likes of TSMC and Samsung, both of which produce semiconductors, will not be hit by any tariffs. Both are continuing investments in the US. TSMC is based in Taiwan and is the largest semiconductor manufacturer in the world. TSMC and Samsung offer the smallest process nodes at 3 nm, which allows for much greater transistor density, and therefore better efficiency. TSMC's Arizona fab is currently on its 4 nm process, though it is expected to use its 2 nm process in 2028. As reported by The Guardian, Dan Lachica, president of the Philippine semiconductor industry, says this new rule would be "devastating" as semiconductors account for "around 70% of the country's exports." The Philippines is not expected to be the only country negatively hit by these tariffs. The trade minister of Malaysia, Tegku Zafrul Aziz, said Malaysia "will risk losing a major market in the United States if its products become less competitive as a result of the imposition of these tariffs." Malaysia is where Intel has a large packaging facility, and AMD operates too, though the former has manufacturing capability in the US, as well as elsewhere around the globe, and AMD uses TSMC to manufacture its chips. Apple's further investment in the US is paired with the announcement that it would be bringing its glass production line to a factory in Kentucky. A press release says "every iPhone and Apple Watch sold around the world will be built with Kentucky-made cover glass". As pointed out by The Guardian, Tim Cook noted in an earnings call in May that tariffs would cost the company $900 million in that quarter alone. Though the likes of TSMC (and partners like Nvidia) don't appear to be hit with a major negative impact from this new tariff change, the global effect on semiconductor production and research is bad news for broader competition. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Online retailer Shein's UK revenue grew 32% in 2024
LONDON (Reuters) -Shein's British business made 2.05 billion pounds ($2.77 billion) in sales in 2024, a 32.3% increase from the previous year, a filing by the online fast-fashion retailer showed early on Friday. Shein does not report global results publicly, but the filing sheds light on its growth in Britain, its third-biggest market after the United States and Germany, as the company works toward an initial public offering in Hong Kong. Founded in China and headquartered in Singapore, Shein has spent years attempting to list, first in New York and then in London, but faced criticism from U.S. and UK politicians and failed to get approval from China's securities regulator for the offshore IPO at a time of increasing tensions between China and the U.S. The global retailer's UK business, Shein Distribution UK Ltd, reported a pretax profit of 38.25 million pounds in 2024, up 56.7% from 24.4 million pounds in 2023. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
PilotAI Launches 'Alpha Games,' A Public, Daily‑Updated Competition Among Its AI Portfolio Models
Miami, United States Of America, August 13th, 2025, FinanceWirePilotAI today announced 'Alpha Games,' a public, ongoing competition among the company's AI-driven portfolio models, showcased on the AI Leaderboard at The initiative presents a clear, daily-refreshed view of how strategies rank by return and risk-adjusted measures, giving investors a simple way to observe model behavior over time. Visitors can also create a free account to test any strategy in a paper-trading portfolio with live market data. How it works: PilotAI's autonomous models ingest market data, convert it into signals, and rebalance portfolios. Alpha Games highlights these models on a single public scoreboard and links to deeper reports so readers can examine drawdowns, volatility, and regime shifts in context. A simple, transparent scoreboard for comparable, risk-aware results. 'Alpha Games is about transparency. If you believe in autonomous investing, you should be comfortable showing how your models behave in the open,' said Herman Cruz, the CEO of PilotAI. 'AI Leaderboard makes that behavior visible, day by day.' AI Leaderboard is free to access and refreshes daily. Users who create a free account can follow the standings, review historical charts, and simulate strategies in paper trading to see how different approaches adapt to changing markets. PilotAI will also publish periodic summaries that explain notable moves in the standings to make the data easy to digest for non-quants. About PilotAI Founded in 2022 and headquartered in Brickell, Miami, Livestream Technology Services Inc builds autonomous, AI-driven portfolio management tools designed to adapt to different risk parameters and objectives. The platform transforms market noise into structured, actionable intelligence and rebalances portfolios automatically, without human bias. Transparency and regulatory notes Current results shown on AI Leaderboard are paper-traded; live trading results may differ due to slippage, fees, and market impact. PilotAI has applied for registration as a U.S. SEC-registered investment adviser and is currently under review. This announcement is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or advisory services. Investing involves risk, including possible loss of principal, and past performance is not indicative of future RelationsYadelin LuzardoPilotAI (Live Stream Technology Services Inc)pr@ Permalink | © Copyright 2025 All rights reserved
