European Investment Bank President Nadia Calviño announced the mobilization of €250 billion by 2027 for the development of high technologies. The goal is to maintain Europe's competitiveness with China and the US and to create 1,000 European technology giants.
Gold prices fell on Tuesday after hitting a record high, as investors took profits amid expectations of a Fed interest rate cut. The spot price of gold fell by 0.3% to $4,340.29 per ounce.
Brent and WTI crude futures fell amid oversupply concerns and demand risks. Analysts predict an oil surplus until 2026, which could lead to further price declines.
Chinese company Unitree Robotics presented the bionic humanoid robot H2, which is 180 cm tall and weighs 70 kg. A video demonstration showed its high agility, smooth movements, and excellent balance.
The United States and Australia have entered into an agreement to expand the supply of rare earth and critical minerals, which includes an investment of $8. 5 billion in Australian projects. This partnership aims to reduce dependence on China, which controls a significant share of the extraction and processing of these materials.
Trump said he would soon meet with Chinese leader Xi Jinping and expected a very fair deal to be concluded.
Russian Railways is preparing to cut management staff and freeze hiring due to declining transportation volumes. The company's net profit for the first half of 2025 fell by 95%, and the investment program was cut by 40%.
Sales of Apple's latest iPhone 17 model increased by 14% in the first 10 days in the US and China compared to the iPhone 16. Demand for the base iPhone 17 significantly exceeds last year's model due to an improved display, larger storage, and an updated A19 chip.
UK Defence Secretary John Healey announced that the army would be authorized to shoot down drones threatening the country's military bases. This decision was made in response to the growing threat from Russia and after a series of drone incursions into European airspace.
Bitcoin recovered to $110,000 amid expectations of a Fed interest rate cut and stabilization of the trade war between the US and China. Other cryptocurrencies such as Ether, XRP, BNB, Solana, Cardano, and Dogecoin also showed growth.
Brent crude futures fell to $61. 05 a barrel, and US West Texas Intermediate crude to $57.3. This decline marks the third consecutive weekly drop, driven by concerns about a global supply surplus and slowing economic growth due to US-China trade tensions.
South Korea has decided to deploy the newest Hyunmoo-5 missile system on its territory, capable of striking with munitions weighing approximately 8 tons.
SIG Sauer presented an updated version of the M7 assault rifle at the AUSA 2025 exhibition in Washington. The new weapon became lighter due to the lightening of the moving parts of the bolt group and the reduction in barrel thickness.
China has accused the United States of a cyberattack on the National Time Service Center, which could have harmed communications, finance, and power supply. The US National Security Agency allegedly conducted the operation since 2022, stealing data and credentials.
The Russian authorities are canceling benefits for the IT industry, increasing insurance premiums and reinstating VAT on registered software. This decision caused a negative reaction from businesses, collapsing the industry index MOEXIT and forecasting a drop in company profits.
Iran announced the termination of the 2015 Joint Comprehensive Plan of Action, which limited its nuclear program in exchange for sanctions relief. Iran's Foreign Ministry announced the termination of all provisions of the agreement, while emphasizing its commitment to diplomacy.
Andriy Kovalenko, head of the Center for Countering Disinformation, stated that a meeting between Trump and Putin in Budapest could be the beginning of the end of the Kremlin leader's illusions about an empire. This will happen if the Russian dictator recognizes reality after Trump's negotiations with Zelenskyy.
Next week, trade talks between the US and China will take place, where a possible reduction in tariffs will be discussed. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will meet in Malaysia to discuss new measures.
In the PRC, as part of President Xi Jinping's anti-corruption campaign, a public corruption investigation has been launched against the long-missing high-ranking general He Weidong.
Slovak Prime Minister Robert Fico stated the country's interest in friendly relations with everyone who wishes to cooperate, including Russia and China. At the same time, Slovakia strives to be a good neighbor to Ukraine and help it.
Oil prices are down 3% for the week. This comes amid uncertainty over global supplies after Trump and Putin agreed to meet on the war in Ukraine.
Artificial intelligence has become a real tool on the battlefield, allowing for faster data processing and drone control. However, there are risks associated with improper model training and enemy actions.
US Vice President J. D. Vance stated on October 16 that Russia and Ukraine are currently not ready to conclude an agreement, despite diplomatic efforts. He noted that a settlement is still possible but requires significant work, and that tariffs are more effective than sanctions in influencing Russia.
Criminal groups from China stole over $1 billion in three years through fraudulent SMS. The scheme operates through SIM farms, phishing sites, and a network of straw subscribers in the US.
The concentration of carbon dioxide in Earth's atmosphere has increased the most in over 50 years of observations, with a sharp jump in CO2 recorded between 2023 and 2024. The main reasons are the burning of fossil fuels and large-scale forest fires, which exacerbate extreme weather events.
Ukraine's Foreign Intelligence Service reported that Russia risks losing control over 40% of its territory due to the increasing influence of China and North Korea in the Far East. Moscow is paying off its allies in the war against Ukraine with territories, lacking the resources to develop the Far Eastern Federal District.
Spot gold prices rose to $4,237. 87 per ounce, while US gold futures reached $4,252.59. The price increase is supported by expectations of a Fed rate cut and escalating trade tensions between the US and China.
US President Donald Trump is initiating the creation of a fund to support Ukraine, which will be financed by increased tariffs on imports from China. He has instructed US Treasury Secretary Scott Bessent to discuss this plan with European allies.
The administration of US President Donald Trump will significantly expand the state's role in the economy, increasing its stake in strategic companies. This is aimed at reducing dependence on China in the supply chains of rare earth minerals and technologies.
US President Donald Trump stated that Indian Prime Minister Narendra Modi assured him that India would cease purchasing Russian oil. Previously, the US imposed 50% tariffs on Indian goods due to these purchases.
