The company has also denied allegations that it has failed to pay employee salaries, claiming that its recently ousted CEO, Zhang Xuezheng, was actively spreading "falsehoods" after the Dutch Ministry of Economic Affairs took control of the firm last week, according to a statement obtained by Bloomberg. Based in the Netherlands, the Chinese-owned chipmaker produces components for, among other things, electronic control units (ECUs) used in automobiles.
Defense stocks are gaining traction in 2025, driven by heightened global security concerns and robust investor interest. A post from The Kobeissi Letter on X highlights FactSet data showing aerospace and defense exchange-traded fund (ETF) inflows reaching $8.2 billion in the first three quarters of 2025 - a 573% surge compared to 2024. This spike reflects growing unease over geopolitical tensions and optimism about long-term sector growth, fueled by increased defense spending and new fund launches.
Donald Trump hints at lifting sanctions on Ankara buying F-35 jets during meeting with Recep Tayyip Erdogan. For the first time in six years, Turkish President Recep Tayyip Erdogan has returned to the White House for a high-stakes meeting with Donald Trump aimed at resetting strained ties. The two leaders had much to discuss, from deals on Ankara buying fighter jets to deep divides over Gaza and Russia.
The airports in Copenhagen and Oslo, the two busiest in the Nordic region, were shut for hours last night after drones were observed in their airspace late on Monday, leaving tens of thousands of passengers stranded as flights were diverted, delayed and cancelled. Police officers stand guard after all traffic has been closed at the Copenhagen Airport due to drone reports in Copenhagen, Denmark. Photograph: Steven Knap/Reuters The Danish and Norwegian authorities are understood to be in contact in case the two incidents were linked, NRK reported.
During a state visit to India, President Ferdinand Marcos Jr stated the Philippines may be drawn into a potential conflict between China and the US over Taiwan, citing humanitarian concerns for Filipinos in Taiwan.
Crude oil futures have seen an early rebound driven by rising geopolitical tensions due to renewed tariff threats from the U.S. against India concerning Russian crude imports.
OPEC+ is implementing an increase of 548,000 barrels a day in September, completing the recovery of a 2.2 million-barrel cut made earlier this year. This increase counters previous strategies of defending prices, and shifts to enhancing supply amid global demand.
"As our cooperation has deepened, so have imbalances," von der Leyen told Xi, describing EU-China trade imbalances as having reached "an inflection point" where China must "come forward with real solutions."
The successful live-fire test sank a maritime target, showcasing the effectiveness of the Mid-Range Capability missile system in a key operational area.
The president authorized a precision operation to neutralize the threats to our national interests posed by the Iranian nuclear program and the collective self-defense of our troops and our ally, Israel.
The US has conducted military strikes on Iran’s nuclear sites, resulting in a significant escalation of tensions between the two nations.