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Lee to meet Trump in Washington

Lee to meet Trump in Washington

The Star3 days ago
Upcoming meet: People watching TV showing file photos of Lee and Trump during a news programme at the Seoul Railway Station in Seoul. — AP
President Lee Jae-Myung will travel to Washington to meet US President Donald Trump, Lee's office said, for talks on trade and defence cooperation in the face of nuclear-armed North Korea and other threats.
Their Aug 25 summit will follow a July trade deal in which Washington agreed to cut its reci­procal tariff on South Korea to 15% from 25% and apply the same reduced rate to South Korean cars, the country's top export to the United States.
South Korea also agreed to purchase US$100bil (RM423.2bil) in US energy and invest US$350bil (RM1.48 trillion) in the country, and Lee and Trump may discuss how the investment package will be structured and managed.
The talks are expected to cover expanding cooperation in key industries such as semiconductors, batteries and shipbuilding, Lee's spokesperson Kang Yu-jung said.
Lee, a liberal who won an early election in June to replace ousted conservative Yoon Suk-yeol, has made the economy his top priority, aiming to shield the trade-dependent nation from the shocks of Trump's tariff hikes and his demands that allies cut reliance on Washington and shoulder more of their own defence costs.
Lee's meeting with Trump comes amid concerns in Seoul that the Trump administration could shake up the decades-old alliance by demanding higher payments for the US troop presence in South Korea and possibly move to reduce it as Washington shifts more focus on China.
Lee and Trump will discuss strengthening the allies' defence posture against growing North Korean threats, and developing the partnership into a 'future-oriented, comprehensive strategic alliance' to address the changing international security and econo­mic environment, according to Kang, who didn't elaborate on the specific issues to be addressed.
During his first term, Trump suspended US military exercises with South Korea while pursuing diplomacy with North Korean leader Kim Jong-un.
They met three times in 2018 and 2019 but their diplomacy quickly collapsed over disagreements about excha­n­ging the release of US-led sanctions against the North. — AP
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Record Gold Prices Drive Mining Stock Rally as Analysts Eye $4,000 Price Target
Record Gold Prices Drive Mining Stock Rally as Analysts Eye $4,000 Price Target

Malaysian Reserve

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  • Malaysian Reserve

Record Gold Prices Drive Mining Stock Rally as Analysts Eye $4,000 Price Target

USA News Group News Commentary Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER, BC, Aug. 15, 2025 /PRNewswire/ — USA News Group News Commentary – The global gold market is witnessing an unprecedented convergence of bullish forces that could propel prices toward historic heights, as record-breaking momentum carries the precious metal beyond US$3,400 per ounce. Wall Street's most prestigious investment banks are raising their forecasts in unison, with J.P. Morgan targeting US$4,000 by mid-2026 and UBS analysts delivering enthusiastic endorsements for gold mining equities. As traditional safe-haven demand collides with aggressive central bank accumulation and mounting geopolitical uncertainties, the stage appears set for a sustained precious metals supercycle that extends far beyond current price levels. Among the companies positioned to capitalize on this extraordinary environment are Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Galiano Gold Inc. 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USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ('MIQ'). This article is being distributed for media corp, who has been paid a fee for an advertising from a shareholder of the Company (333,333 unrestricted shares). MIQ has not been paid a fee for Lake Victoria Gold Ltd. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ('BAY') There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY own shares of Lake Victoria Gold Ltd and reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. 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US aid cuts to Ukraine raise risk of waste and fraud, say watchdogs
US aid cuts to Ukraine raise risk of waste and fraud, say watchdogs

The Star

time37 minutes ago

  • The Star

US aid cuts to Ukraine raise risk of waste and fraud, say watchdogs

WASHINGTON (Reuters) -USAID is concerned that the Trump administration's cancellation of independent aid monitoring contracts for Ukraine has increased the risk of waste, fraud and abuse, according to three U.S. watchdog agencies. "The termination of third-party monitoring contracts has further limited USAID's ability to oversee programs," the State Department, Pentagon and USAID inspectors general said in a report issued on Thursday. The U.S. Agency for International Development was the main U.S. agency that administered civilian foreign aid for more than 60 years. It is being dismantled by the Trump administration and is scheduled to be closed on September 2. The three inspectors general submit quarterly reports to Congress on their oversight of U.S. civilian support for Ukraine in its fight against Russia's full-scale invasion launched in February 2022. In January, President Donald Trump froze all U.S. foreign assistance programs pending a review of their alignment with his "America First" policies, and ordered the dismantling of USAID, which stopped disbursing funds in July. As part of this decision, billionaire Elon Musk's Department of Government Efficiency oversaw the termination of 83 percent of USAID programs, including some that supported Ukraine. The watchdogs' report said that USAID managed $30.2 billion in direct support for the Ukrainian government's budget, and provided a guarantee that secured a $20 billion loan for Kyiv. It said that in the three months ending June 31, 25 civilian aid programs for Ukraine were terminated, while 29 active programs, five under stop-work orders and four of unknown status were transferred to the State Department. The terminated programs included contracts with third parties that provided independent tracking of USAID funds to ensure that they were spent as intended and that helped "inform both current and future decision-making," it said. "USAID said that without independent monitoring, it cannot verify that programs are being implemented in line with award terms, increasing the risk of waste, fraud and abuse," the report said. This is especially true in conflict-affected areas "where there is a heightened potential for diversion of funds," it warned. (Reporting by Jonathan Landay; editing by Clelia Oziel)

APEC Preparation Meeting Approves Seoul-Led Action Plan For Development
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Barnama

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  • Barnama

APEC Preparation Meeting Approves Seoul-Led Action Plan For Development

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