📈 Markets rally as tech, banks lead global equities
Stocks in Asia jumped after U.S. banks delivered strong earnings and chipmakers rallied, lifting confidence across markets. Meanwhile, gold hit a fresh record high as investors sought safe havens amid trade uncertainty and rate cut bets.
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🌐 U.S.–China rare earth dispute intensifies
China pushed back on U.S. calls to roll back its new restrictions on rare earth exports, accusing Washington of overplaying national security. The standoff adds fuel to the trade war and raises concerns about critical supply chains.
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🔥 Zelenskiy heads to meet Trump amid escalation in Ukraine
In a sign of urgency, Ukraine’s president is visiting Washington to press for more military support as conflict with Russia intensifies. The timing reflects Kyiv’s fear that momentum could shift further without stronger U.S. backing.
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🇲🇬 Madagascar military ousts president, colonel set to be sworn in
Colonel Michael Randrianirina says he will be sworn in as president on Friday after a military coup toppled Madagascar’s government earlier this week. Amidst the chaos, the African Union suspended Madagascar and called for a return to civilian rule, raising the risk of sanctions and deeper economic strain as youth-led protests and political uncertainty continue.
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🍫 Nestlé to cut 16,000 jobs in global overhaul
Nestlé’s new CEO, Philipp Navratil, unveiled plans to eliminate about 6 percent of the company’s workforce over the next two years to accelerate cost savings and revive growth. The move, which lifted the stock, signals belt-tightening across consumer goods as companies chase margins and rethink underperforming lines.
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👋 Those are today’s News Vitals. This was written by AI with human oversight. We strive for accuracy, but mistakes can happen, so please double-check important info. See you next time.