Trump officials to brief senators on African minerals
Jonathan Pratt, who's leading the Bureau of African Affairs, and Scott Woodard, acting deputy assistant secretary for economic growth, energy and environment, will appear before the Senate Foreign Relations Subcommittee on Africa and Global Health Policy.
The hearing arrives on the heels of President Donald Trump inking a deal with the Democratic Republic of Congo and Rwanda with the Democratic Republic of Congo and Rwanda to quell conflict in the region and allow the U.S. more access to cobalt and lithium deposits.
Advertisement
Shortly after the agreement was announced in June, KoBold Metals, a company backed by billionaire Bill Gates, finalized a deal to buy a massive lithium project in the DRC.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Times
34 minutes ago
- New York Times
China's Exports Surged Again in July, but Not to America
China's exports surged even more than expected in July, as Chinese companies raced to ship goods to Southeast Asia and other regions, often for onward shipment to the United States, before President Trump could raise tariffs on imports. China's overall exports were up 7.2 percent in July from the same month last year, while imports were up 4.1 percent. Its exports to Southeast Asia and Africa, key regions for reshipment to the United States, rose more than twice as fast as its overall exports. China's exports to the European Union, its main alternative to the American market, were also up very strongly. By contrast, China's exports directly to the United States were down by more than a fifth in July, as buyers in the United States appeared wary of paying Mr. Trump's extra 30 percent tariffs. China's economy relies heavily on exports, in part because a steep fall in apartment prices in recent years has ruined the personal finances of millions of households, leaving them unable to afford the vast quantities of goods pouring out of China's factories. China's trade surplus reached almost $1 trillion last year, with its surplus in manufactured goods equal to a tenth of the country's entire economic output. Ever since senior American and Chinese officials reached a truce on tariffs in Geneva in mid-May, the United States has been charging an extra 30 percent tariff on imports from China. That is in addition to existing tariffs, notably the 25 percent tariff that Mr. Trump had imposed on roughly a third of American imports from China in his first term. Want all of The Times? Subscribe.
Yahoo
2 hours ago
- Yahoo
3 ASX Penny Stocks With Over A$700M Market Cap
Australian shares recently made a strong push past the 8,800 level, marking a year-to-date increase of about 7%, though recent trading has seen some cautious selling. In this context, penny stocks—despite their somewhat outdated name—remain an intriguing area for investors seeking opportunities in smaller or newer companies. These stocks can offer surprising value and potential returns when backed by solid financial foundations, making them worth exploring for those interested in uncovering hidden gems within the market. Top 10 Penny Stocks In Australia Name Share Price Market Cap Financial Health Rating Alfabs Australia (ASX:AAL) A$0.40 A$114.64M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$2.36 A$111.33M ★★★★★★ GTN (ASX:GTN) A$0.375 A$71.5M ★★★★★★ IVE Group (ASX:IGL) A$2.90 A$447.13M ★★★★★☆ West African Resources (ASX:WAF) A$2.61 A$2.98B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.82 A$481.22M ★★★★★★ Regal Partners (ASX:RPL) A$3.05 A$1.03B ★★★★★★ Austco Healthcare (ASX:AHC) A$0.385 A$140.68M ★★★★★★ CTI Logistics (ASX:CLX) A$1.85 A$149.01M ★★★★☆☆ Reckon (ASX:RKN) A$0.61 A$69.11M ★★★★☆☆ Click here to see the full list of 456 stocks from our ASX Penny Stocks screener. Let's explore several standout options from the results in the screener. Djerriwarrh Investments Simply Wall St Financial Health Rating: ★★★★★★ Overview: Djerriwarrh Investments Limited is a publicly owned investment manager with a market cap of A$862.81 million, focusing on managing investment portfolios. Operations: The company generates revenue primarily from its portfolio of investments, amounting to A$53.07 million. Market Cap: A$862.81M Djerriwarrh Investments Limited, with a market cap of A$862.81 million, is financially robust, as evidenced by its well-covered interest payments and operating cash flow exceeding debt. The company's seasoned management team and board of directors contribute to its stability. Despite earnings growth slowing to 0.6% over the past year compared to a 5-year average of 7.9%, Djerriwarrh maintains high-quality earnings and strong net profit margins at 73.8%. However, its dividend yield of 4.73% is not well covered by earnings or free cash flows, signaling potential sustainability concerns for income-focused investors. Get an in-depth perspective on Djerriwarrh Investments' performance by reading our balance sheet health report here. Examine Djerriwarrh Investments' past performance report to understand how it has performed in prior years. Kingsgate Consolidated Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Kingsgate Consolidated Limited is involved in the exploration, development, and mining of gold and silver mineral properties, with a market cap of A$700.41 million. Operations: The company generates revenue primarily from its Chatree segment, amounting to A$210.69 million. Market Cap: A$700.41M Kingsgate Consolidated Limited, with a market cap of A$700.41 million, has demonstrated significant earnings growth of 1203% over the past year, far outpacing its industry peers. Despite this impressive growth and a strong return on equity of 74.4%, the company faces challenges such as short-term assets not covering long-term liabilities and recent executive changes with Mischa Mutavdzic appointed as CFO. While trading at a substantial discount to its estimated fair value, Kingsgate's debt management is commendable with well-covered interest payments and reduced net debt to equity ratio over time. Click here to discover the nuances of Kingsgate Consolidated with our detailed analytical financial health report. Gain insights into Kingsgate Consolidated's outlook and expected performance with our report on the company's earnings estimates. Regal Partners Simply Wall St Financial Health Rating: ★★★★★★ Overview: Regal Partners Limited is a privately owned hedge fund sponsor with a market cap of A$1.03 billion. Operations: The company generates revenue of A$257.55 million from its investment management services segment. Market Cap: A$1.03B Regal Partners Limited, with a market cap of A$1.03 billion, has shown remarkable earnings growth of 4050.4% over the past year, surpassing industry averages. The company is debt-free and trades below its estimated fair value by 25.2%, suggesting potential undervaluation compared to peers. Despite low return on equity at 7.8%, Regal maintains high-quality earnings and improved net profit margins from the previous year. Recent insider selling raises concerns; however, strong asset coverage for both short- and long-term liabilities provides financial stability. The company seeks strategic acquisitions to enhance shareholder value while maintaining disciplined M&A practices. Click to explore a detailed breakdown of our findings in Regal Partners' financial health report. Explore Regal Partners' analyst forecasts in our growth report. Seize The Opportunity Get an in-depth perspective on all 456 ASX Penny Stocks by using our screener here. Ready For A Different Approach? Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:DJW ASX:KCN and ASX:RPL. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
3 hours ago
- Yahoo
Sudan says army destroys Emirati aircraft, killing 40 mercenaries
Sudan's air force has destroyed an Emirati aircraft carrying Colombian mercenaries as it landed at a paramilitary-controlled airport in Darfur, killing at least 40 people, the army-aligned state TV said Wednesday. A military source, speaking to AFP on condition of anonymity, said the UAE plane "was bombed and completely destroyed" at Darfur's Nyala airport. The airport has recently come under repeated air strikes by the Sudanese army, at war with the paramilitary Rapid Support Forces (RSF) since April 2023. There was no immediate comment from the RSF or from the United Arab Emirates. Colombia's President Gustavo Petro said his government was trying to find out how many Colombians died in the attack. "We will see if we can bring their bodies back," he wrote on social media platform X. State TV said the aircraft had taken off from an airbase in the Gulf, carrying dozens of foreign fighters and military equipment intended for the RSF, which controls nearly all of Darfur. The army, led by Abdel Fattah al-Burhan, has long accused the UAE of supplying advanced weaponry, including drones, to the RSF via Nyala airport. Abu Dhabi has denied the accusations, despite numerous reports from UN experts, US political officials and international organisations. Satellite images released by Yale University's Humanitarian Research Lab have shown multiple Chinese-made long-range drones at the airport of the South Darfur state capital. In June, three witnesses told AFP that a cargo plane was bombed shortly after landing at Nyala airport. On Monday, Sudan's army-aligned government accused the UAE of recruiting and funding Colombian mercenaries to fight for the RSF, claiming it has documents proving that. Reports of Colombian fighters in Darfur date back to late 2024 and have been confirmed by UN experts. This week, the Joint Forces -- a pro-army coalition in the vast western region of Darfur -- reported over 80 Colombian mercenaries fighting on the RSF's side in El-Fasher, the last Darfur state capital still under army control. Several were reportedly killed in drone and artillery operations during the RSF's latest offensive, the coalition said. The army also released video footage it said was of "foreign mercenaries believed to be from Colombia". AFP was not able to verify the videos. In December, Sudan said Colombia's foreign ministry had expressed regret "for the participation of some of its citizens in the war". Colombian mercenaries, many former soldiers and guerrillas, have appeared in other global conflicts and were previously hired by the UAE for operations in Yemen and the Gulf. In his post Wednesday, Petro said he was moving to ban mercenary activity, calling it "a trade in men turned into commodities to kill." Sudan's war, now in its third year, has killed tens of thousands, displaced 13 million and plunged the nation into the world's worst hunger and displacement crisis. bur-maf/ami/st/
