Chile Presidential Polls Show Matthei With Slight Lead Over Kast
Matthei was backed by 21.5% of respondents in a Pulso Ciudadano poll, ahead of Kast with 17.5%. A weekly Cadem survey showed the onetime labor minister with 19%, in front of the lawyer and former lower house deputy with 16%.
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Yahoo
8 hours ago
- Yahoo
Copper Rises With US Tariffs, Codelco Mine Stoppage in Focus
(Bloomberg) -- Copper rose as traders continued to digest US President Donald Trump's decision to spare the most traded form of the metal from his 50% tariff, while a deadly mine accident in Chile raised supply concerns. PATH Train Service Resumes After Fire at Jersey City Station Seeking Relief From Heat and Smog, Cities Follow the Wind Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Copper trading conditions started to settle on the London Metal Exchange, after the White House's shock move last week to exclude refined metal from the newly imposed import levy. The decision sent US prices plunging by a record 22% on Thursday, pushing them back to parity with the LME's global benchmark. A key question now is what will happen to the huge volume of copper that's been shipped to the US in anticipation of tariffs, with the spreads between prices in London, New York and Shanghai likely to determine whether the metal flows back out quickly or remains in US ports. On Monday, US copper futures on CME Group's Comex were trading about 1.8% — or $176 a ton — above those on the LME, undercutting the immediate rationale for exports. 'In the past, metal flowed between the CME and LME whenever the spread between those two prices moved outside a $100-200/t band,' Bank of America analysts led by Irina Shaorshadze said in an emailed note. 'As the trade flows normalize, the LME-CME spread should revert to the historical mean-reverting relationship.' Copper traders are also on alert for supply disruptions, after six people were killed in a tunnel collapse triggered by an earth tremor last week at El Teniente, which accounts for over a quarter of Chilean mining giant Codelco's output. Underground operations are halted and — with the company launching an investigation into the causes — it's unclear how long the stoppage will last or whether it will trigger changes to Codelco's output goals. El Teniente, one of the world's biggest underground mines, produced 356,000 tons of copper last year. That volume is equivalent to more than a month of Chinese imports of refined copper. The stoppage at El Teniente comes as the world's copper smelters face intense competition to secure mine supply. Treatment fees — typically the main earner for smelters — remain at deeply negative levels on a spot basis, and plants in the Philippines and Japan have cut output or closed. Even in China, where output has remained robust, there is some speculation that production is reaching a limit. Investors are also monitoring other unexpected mine disruptions, including at the massive Kamoa-Kakula complex run by Ivanhoe Mines Ltd. in the Democratic Republic of Congo. Still, Ivanhoe executives on Friday delivered an upbeat assessment on prospects for returning that mine to previous output guidance. LME copper prices rose 0.6% to settle at $9,687.00 a ton at 5:53 p.m. local time. Other metals were mixed, with zinc up 0.8% and aluminum down 0.5%. --With assistance from Yvonne Yue Li. AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay How Podcast-Obsessed Tech Investors Made a New Media Industry Government Steps Up Campaign Against Business School Diversity What Happens to AI Startups When Their Founders Jump Ship for Big Tech Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off ©2025 Bloomberg L.P.
Fox News
10 hours ago
- Fox News
Conor McGregor urges Irish citizens to sign petition that would 'ensure' spot on country's presidential ballot
Conor McGregor said back in March that he was running to be Ireland's president – now, he's aiming to make it official. The UFC superstar posted a link to a petition to social media Monday that would "ensure" he is on the ballot. "I, Conor McGregor hereby declare my intention to seek the esteemed office of President of Ireland," McGregor wrote in the petition. "The current constitutional framework however presents a significant barrier to democratic participation. The existing regulations mandate that a candidate must secure nominations from either twenty members of the Oireachtas or four county councils to be eligible for the ballot. This system, while intended to ensure a degree of political influence among candidates, inadvertently restricts the direct voice of the Irish electorate. "In light of this, I propose a petition advocating for a modification of the nomination process to allow my name be included on the ballot. I contend that the citizens of Ireland, both at home and abroad, should have the unhindered right to determine the candidates who appear on the presidential ballot. Therefore, I implore you to join me in this endeavor by signing this petition. Your support will be instrumental in championing a more inclusive and democratic electoral process, thereby empowering the people of Ireland to shape their own future." McGregor's initial announcement about running for president came just days after he met President Donald Trump earlier this year. The former champ has opposed a bill regarding the EU Migration Pact. "Ireland must fully implement the EU Migration Pact by June 12, 2026. So between now and 12 June 2026, several pieces of legislation have to be passed by both Houses of the Oireachtas & then signed by the President… Who else will stand up to Government and oppose this bill?… I will!" McGregor wrote in March. "It is the people of Irelands choice! Always! That is a true democracy!.. This is the future of Ireland with me as President. All citizens of Ireland to have a voice and a choice on their future! God bless our people. Vote McGregor and have your voice heard!" McGregor criticized the Irish government at the White House in an attempt to raise awareness of "the issues the people of Ireland face." In September, he teased a potential presidential run in Ireland, calling himself the "only logical choice." McGregor has not fought since breaking his leg against Dustin Poirier in 2021. He was supposed to return last year, but a toe injury kept him out of the octagon. He has since said he would only return in a stadium, but showed interest in the UFC event at the White House next year.
CNBC
13 hours ago
- CNBC
Trump stokes conspiracies about jobs data, as White House defends firing BLS chief
President Donald Trump and one of his top economic advisors stoked baseless conspiracies about federal jobs data Monday, suggesting without evidence that Friday's weaker-than-expected jobs report had been "rigged" by federal workers bent on sabotaging the president. "All over the US government, there have been people who have been resisting Trump everywhere they can," National Economic Council Director Kevin Hassett said Monday on CNBC. Trump, meanwhile, claimed on social media that the report, which painted a dour picture of the economy, was "RIGGED" and the previous months' revisions had been "CONCOCTED in order to make a great Republican Success look less stellar!!!" The only way to protect the integrity of economic data, said Hassett, is to replace the economists and statisticians who lead the agencies that collect data. "To make sure that the data are as transparent and as reliable as possible, we're going to get highly qualified people in there that have a fresh start and a fresh set of eyes on the problem," said Hassett. Trump abruptly fired Bureau of Labor Statistics commissioner Erika McEntarfer on Friday. Monday's comments from Trump and Hassett were the latest effort by the White House to criticize the labor statistic bureau's work in order to retroactively justify McEntarfer's firing. But they also went a step further, planting the idea that any government economic data which does not fit neatly into Trump's political narrative must, by definition, be false and manipulated by partisan federal employees. When the monthly jobs report from BLS is good news for the White House, Trump is quick to claim credit for the growth and point to the BLS-supplied figures as proof that his economic plans are working. "GREAT JOB NUMBERS, FAR BETTER THAN EXPECTED. IT'S ALREADY WORKING. HANG TOUGH, WE CAN'T LOSE!!!" Trump wrote on social media this spring after job growth in March came in better-than-expected. Fast forward a few months, and Trump and his top aides now argue that the BLS data cannot be trusted, and the downward revisions to the last two months' jobs reports were phony. It's the same argument Trump used to try to undermine Americans' trust in the voting process after he lost the 2020 presidential election. In his Monday post, Trump drew a straight line between the jobs report and the voting process. "Last weeks Job's Report was RIGGED, just like the numbers prior to the Presidential Election were Rigged," Trump wrote. There is no evidence, however, that the jobs report data was manipulated, and revisions in the data are common. The reports typically become more accurate in the months after an initial report is filed, as more data flows in from business that report their hiring and firing numbers.. "The commissioner doesn't do anything to collect the numbers," former BLS chief William Beach, who was appointed by Trump, said Sunday on CNN as he slammed the decision to fire McEntarfer. "The commissioner doesn't see the numbers for — until Wednesday before they're published," he said.
