News

Pakistan, the latest in Asia to see gold prices plummet

bno - Taipei Office October 24, 2025

In international trading, the precious metal lost $35 per ounce to settle around $4,115, extending a week-long slide triggered by shifting expectations over US monetary policy.

Latin America edges up growth forecasts but remains trapped in low gear, ECLAC says

bnl editorial staff October 24, 2025

Latin America and the Caribbean will expand 2.4% this year, the Economic Commission for Latin America and the Caribbean said, marking the second upward revision since April but pointing to the region's struggle to escape chronically weak growth.

Palestinian ambassador pledges Iraqi embassy in Jerusalem

bnm Gulf bureau October 24, 2025

Palestinian ambassador pledges to open Iraqi embassy in Jerusalem as Iraq lays foundation stone for Palestinian ambassador's residence in Baghdad's new diplomatic quarter covering 300 hectares.

EU pledges ongoing support for Ukraine, defers decision on Russian assets

bne IntelliNews October 24, 2025

European Union leaders pledged continued financial backing for Ukraine over the next two years, but delayed a decision on tapping billions of euros in frozen Russian assets to fund Kyiv’s defence

Trump Administration striving to strike critical minerals deal with Kazakhstan

Eurasianet October 24, 2025

Pushing for US firm to win rights to develop major tungsten deposits.

Trump and Xi to meet in Busan, South Korea

bno - Taipei Office October 24, 2025

The meeting comes after weeks of uncertainty over whether the encounter would take place. A trade dispute flared earlier this month when Beijing expanded export curbs on rare‐earth minerals, prompting the US to threaten additional tariffs.

Russia will remain defiant against US sanctions pressure, Putin claims

bne IntelliNews October 23, 2025

The sanctions come at a time when Russia’s two largest energy buyers, China and India, have shown signs of reducing their oil imports from Russia.

Russia rules out seizing EU assets but warns of retaliation if confiscations proceed

bne IntelliNews October 23, 2025

Russia will not seize European Union assets currently operating within its borders, Russian Deputy Finance Minister Alexei Moiseev has said.

China’s state-owned oil giants halt Russian crude purchases in response to US sanctions

bne IntelliNews October 23, 2025

China’s state-owned oil giants have paused their purchase of Russian crude oil in response to recent US sanctions targeting Moscow’s two largest oil firms, Rosneft and Lukoil

Switzerland reopens Baghdad embassy after 30-year closure

bnm Gulf bureau October 23, 2025

Switzerland reopened its Baghdad embassy after 30 years, with Iraqi and Swiss foreign ministers officiating ceremony reflecting confidence in Iraq's stability and signalling expanded economic cooperation.

Brazil's Lula announces fourth presidential run at 80

bnl editorial staff October 23, 2025

Brazilian President Luiz Inácio Lula da Silva has announced he will seek re-election in October 2026, confirming his candidacy during a state visit to Indonesia on October 23.

Serbian president blames opposition for “terrorist attack” outside parliament

Tatyana Kekic in Belgrade October 23, 2025

President Vucic blamed opposition groups for what he described as a “terrorist act” outside the National Assembly in Belgrade, after a 70-year-old man opened fire on a camp of government supporters and set fire to one of their tents.

IOC sanctions Indonesia over Israel visa ban

bno - Jakarta Office October 23, 2025

The International Olympic Committee has announced that international sports federations will be advised not to hold competitions or meetings in Indonesia after the country barred Israeli athletes from entering.

Serbian president accuses EU of backing “colour revolution” after European Parliament adopts harsh new resolution

Tatyana Kekic in Belgrade October 23, 2025

MEPs back the toughest rebuke yet from Brussels towards Serbia in over a decade of EU candidacy.

Asian carrot smuggling ring busted in the Philippines

bno - Taipei Office October 23, 2025

The cargo, consigned to Fourth Consumer Goods Trading, contained more than 53,000 kilograms of carrots that were already beginning to rot.

India, US near major trade deal cutting tariffs to 15–16% if New Delhi will limit Russian crude imports

bno - Mumbai Office October 23, 2025

India and the United States are close to finalising a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15–16% from the current average of 50%

Tajikistan’s Grand Mufti scolds ‘Botox beauty’

bne IntelliNews October 23, 2025

Lip flips and anti-wrinkle injections condemned as sinful by Islamic jurist.

Mongolia’s PM to stay in power after court rules dismissal illegal

Michael Kohn October 22, 2025

Observer says opponents of Zandanshatar Gombojav “rushed and sloppily handled motion” to dislodge him. Second attempt to vote him out not expected.

UK sanctions Balkan gangs and financiers over people-smuggling networks

bne IntelliNews October 22, 2025

Measures target criminal networks involved in producing fake travel documents and an illicit financial group accused of supplying small boat engines to smugglers, Foreign Office says.

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