U.S. President Donald Trump announced on Monday that he anticipates a U.S.-Ukraine revenue-sharing agreement on Ukrainian critical minerals will be signed soon.
The deal would allow the United States to secure access to key minerals in Ukraine, which are seen as crucial for various industries, including technology and defense.
Trump also revealed that discussions are ongoing regarding the potential for American firms to own Ukrainian power plants. The announcement follows a series of high-level meetings in Saudi Arabia, where U.S. officials met with Ukrainian and Russian representatives. While the focus of the talks has primarily been on a ceasefire agreement for the Black Sea, Trump indicated that other issues, such as territorial boundaries and the ownership of Ukrainian energy infrastructure, are also being discussed.
"We're talking about territory right now. We're talking about lines of demarcation. Talking about power, power plant ownership. Some people are saying the United States should own the power plant...because we have the expertise," Trump stated, underscoring his administration's interest in enhancing American influence in Ukraine's energy sector.
The proposed minerals deal and the broader energy discussions reflect Trump’s ongoing efforts to solidify U.S. interests in Ukraine while pushing for a resolution to the ongoing conflict with Russia. These developments come as part of his broader strategy to engage in direct negotiations with both Ukrainian and Russian officials in hopes of bringing a swift end to the war that has raged for nearly three years.
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Gold prices were steady on Friday but remained on track for a weekly decline, as stronger-than-expected U.S. inflation data dampened expectations for interest rate cuts and shifted market attention to the meeting between U.S. President Donald Trump and Russian President Vladimir Putin.
U.S. President Donald Trump said he would not negotiate on Ukraine’s behalf during his meeting with Russian President Vladimir Putin on Friday, stressing that Kyiv must decide whether to pursue any territorial swaps with Moscow.
Donald Trump travelled to Alaska on Friday for what he described as a “high-stakes” summit with Russian president Vladimir Putin, aimed at securing a ceasefire in Ukraine and ending the deadliest conflict in Europe since the Second World War.
Ukraine has warned that delays in Western military and financial aid risk giving Russia time to strengthen its positions, with officials citing past pauses in support that led to territorial losses and heavier casualties.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
The Trump administration is expected to shed roughly 300,000 federal workers in 2025, Office of Personnel Management (OPM) Director Scott Kupor said Thursday.
The European Bank for Reconstruction and Development (EBRD) has provided a €500 million loan (almost $590 million) to the national gas company Naftogaz (NAK) for emergency gas purchases for Ukraine.
Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
The U.S. budget deficit surged nearly 20% in July to $291 billion despite a significant increase in customs duty collections from President Donald Trump’s tariffs, as government spending outpaced revenue growth.
The National Carrier of Türkiye, Turkish Airlines has announced an increase in the number of its weekly flights to China.
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