Asian Currencies Consolidate Amid Nervous Mood Before U.S. ‘Liberation Day' Tariffs
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Bloomberg
23 minutes ago
- Bloomberg
Trump, Starmer to Discuss Trade Deal, Gaza Situation
US President Donald Trump and UK Prime Minister Keir Stamer are meeting in Scotland on Monday in a bid to remove the remaining obstacles to their trade deal. Starmer will travel to the president's golf course in Scotland, Trump Turnberry, and the two leaders will then travel on together for a further private engagement in Aberdeen. The humanitarian crisis in Gaza will likely be discussed, with Starmer expected to press for a lasting ceasefire. Bloomberg's Lizzy Burden reports from Scotland. (Source: Bloomberg)
Yahoo
an hour ago
- Yahoo
Trump pauses export controls to bolster China trade deal, FT says
(Reuters) -The U.S. has paused curbs on tech exports to China to avoid disrupting trade talks with Beijing and support President Donald Trump's efforts to secure a meeting with President Xi Jinping this year, the Financial Times said on Monday. The industry and security bureau of the Commerce Department, which oversees export controls, has been told in recent months to avoid tough moves on China, the newspaper said, citing current and former officials. Reuters could not immediately verify the report. The White House and the department did not respond to Reuters' requests for comment outside business hours. Top U.S. and Chinese economic officials are set to resume talks in Stockholm on Monday to tackle longstanding economic disputes at the centre of a trade war between the world's top two economies. Tech giant Nvidia said this month it would resume sales of its H20 graphics processing units (GPU) to China, reversing an export curb the Trump administration imposed in April to keep advanced AI chips out of Chinese hands over national security concerns. The planned resumption was part of U.S. negotiations on rare earths and magnets, Commerce Secretary Howard Lutnick has said. The paper said 20 security experts and former officials, including former deputy US national security adviser Matt Pottinger, will write on Monday to Lutnick to voice concern, however. "This move represents a strategic misstep that endangers the United States' economic and military edge in artificial intelligence," they write in the letter, it added. 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
UPI
an hour ago
- UPI
Trump, Starmer to meet in Scotland to talk trade, Gaza
President Donald Trump (R) shakes hands with Prime Minister Keir Starmer of Britain at the White House in Washington, D.C., on February 27. The pair are to meet Monday at Trump's Scotland golf course where they are expected to talk trade and the war in Gaza. File Photo by Bonnie Cash/UPI. | License Photo July 28 (UPI) -- U.S. President Donald Trump is set to meet with British Prime Minister Keir Starmer in Scotland on Monday when the Western leaders are expected to discuss cease-fire plans for the Israel-Hamas war in Gaza. Starmer is to travel to Trump's golf course in Turnberry where the American president on Sunday announced a new trade deal with the European Union. According to a statement from 10 Downing Street, Trump and Starmer are to have "wide-ranging" one-on-one talks, including on the implementation of the Economic Prosperity Deal that the pair signed on May 8 and which came into effect last month. Starmer is also expected to discuss with Trump "what more can be done to secure the cease-fire urgently, bring an end to the unspeakable suffering and starvation in Gaza and free the hostages who have been held so cruelly for so long." Since returning to the White House in January, Trump has sought a cease-fire and hostage-release deal in the war in the Palestinian enclave of Gaza between Iran-poxy militia Hamas and Israel, but has repeatedly been met with obstacles. On Thursday, Israel and the United States recalled their negotiators, ending talks with Hamas that had initially sparked optimism that a deal could be reached. The Trump administration has blamed Hamas for the breakdown, with Steve Witkoff, Trump's special envoy to the Middle East, stating the Iran-backed militia's latest response "clearly shows a lack of desire to reach a cease-fire in Gaza." "It's a shame Hamas has acted in this selfish way," he said in a statement. The Trump-Starmer meeting comes amid a deteriorating situation in Gaza where aid agencies are warning of starvation. Israel has announced a so-called tactical pause to fighting in specific areas to allow the delivery of aid between the hours of 10 a.m. and 8 p.m., local time, on Sunday. The announcement came as the Middle Eastern country is coming under mounting international pressure over its war in Gaza and its restrictions on aid entering the territory. According to the Save the Children charity, 133 people, including 87 children, have already died from malnutrition and starvation. Britain is among 30 nations that are calling for the war in Gaza to end, describing Israel's aid delivery model as "dangerous, fuels instability and deprives Gazans of human dignity." "We condemn the drip-feeding of aid and the inhumane killing of civilians, including children, seeking to meet their most basic needs of water and food," the nations said in the joint statement, which calls on Israel to lift the restrictions on the flow of aid. "The Israeli government's denial of essential humanitarian assistance to the civilian population is unacceptable. Israel must comply with its obligations under international humanitarian law." Britain, France and Germany separately over the weekend issued a statement calling for Israel and Hamas to end the conflict "by reaching an immediate cease-fire." Trump and Starmer are also expected to discuss the war in Ukraine. After the meeting, they will have a private engagement in Aberdeen, 10 Downing Street said. The meeting also comes ahead of Trump being received for a State Visit hosted by King Charles III at Windsor Castle from Sept. 17 to 19. It will be Trump's second State Visit after a previous trip in 2019 where he was hosted by the late Queen Elizabeth II.
