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India to Issue Pre-Authorization for Gold ImportsIndia's Directorate General of Foreign Trade has announced plans to issue pre-authorization for gold imports, with a maximum allowable limit set at 100 kilograms. According to Jin10, this move is part of India's ongoing efforts to regulate and manage the importation of gold, a significant commodity in the country's economy. The pre-authorization process aims to streamline the importation procedure while ensuring compliance with existing trade regulations. This development is expected to impact the gold market, as India is one of the largest consumers of gold globally.

India to Issue Pre-Authorization for Gold Imports

India's Directorate General of Foreign Trade has announced plans to issue pre-authorization for gold imports, with a maximum allowable limit set at 100 kilograms. According to Jin10, this move is part of India's ongoing efforts to regulate and manage the importation of gold, a significant commodity in the country's economy. The pre-authorization process aims to streamline the importation procedure while ensuring compliance with existing trade regulations. This development is expected to impact the gold market, as India is one of the largest consumers of gold globally.
MIT Reports Decline in Federal Research Funding and EnrollmentThe Massachusetts Institute of Technology (MIT) has reported significant decreases in federal research funding and graduate-school enrollment. Bloomberg posted on X that these declines follow actions by the U.S. President Donald Trump's administration targeting elite colleges across the United States. The impact on MIT highlights broader challenges faced by prestigious institutions amid shifting federal policies.

MIT Reports Decline in Federal Research Funding and Enrollment

The Massachusetts Institute of Technology (MIT) has reported significant decreases in federal research funding and graduate-school enrollment. Bloomberg posted on X that these declines follow actions by the U.S. President Donald Trump's administration targeting elite colleges across the United States. The impact on MIT highlights broader challenges faced by prestigious institutions amid shifting federal policies.
Increased Traffic in Hormuz Strait Amid Rising Regional RisksThis week, the Hormuz Strait has seen an increase in traffic, though analysts caution that more vessels are turning off their Automatic Identification System (AIS) tracking signals during passage. According to Odaily, Lloyd's List, a shipping industry publication, reports that tanker owners are preparing for prolonged shipping disruptions as regional risks remain high. Current traffic levels are still significantly lower than pre-conflict figures, when approximately 130 vessels passed through the strait daily, carrying about 20% of the world's oil and gas supply.

Increased Traffic in Hormuz Strait Amid Rising Regional Risks

This week, the Hormuz Strait has seen an increase in traffic, though analysts caution that more vessels are turning off their Automatic Identification System (AIS) tracking signals during passage. According to Odaily, Lloyd's List, a shipping industry publication, reports that tanker owners are preparing for prolonged shipping disruptions as regional risks remain high. Current traffic levels are still significantly lower than pre-conflict figures, when approximately 130 vessels passed through the strait daily, carrying about 20% of the world's oil and gas supply.
Silicon Valley's a16z Emerges as Top Political DonorAccording to PANews, Silicon Valley venture capital firm Andreessen Horowitz, also known as a16z, has become the largest political donor, surpassing figures like Elon Musk and George Soros. The firm has significantly increased its political contributions, reflecting its growing influence in political circles.

Silicon Valley's a16z Emerges as Top Political Donor

According to PANews, Silicon Valley venture capital firm Andreessen Horowitz, also known as a16z, has become the largest political donor, surpassing figures like Elon Musk and George Soros. The firm has significantly increased its political contributions, reflecting its growing influence in political circles.
Israel's Defense Minister Signals Potential Future Actions in IranIsrael's Defense Minister Katz stated on May 14 that Israel's mission in Iran is not yet complete. According to Odaily, Katz indicated that Israel might take further actions in Iran in the near future to achieve its objectives.

Israel's Defense Minister Signals Potential Future Actions in Iran

Israel's Defense Minister Katz stated on May 14 that Israel's mission in Iran is not yet complete. According to Odaily, Katz indicated that Israel might take further actions in Iran in the near future to achieve its objectives.
Canada's March Wholesale Sales Exceed ExpectationsCanada's wholesale sales for March increased by 1.9%, surpassing the expected 1.4%, according to Jin10. The previous month's sales growth was recorded at 2.0%.

Canada's March Wholesale Sales Exceed Expectations

Canada's wholesale sales for March increased by 1.9%, surpassing the expected 1.4%, according to Jin10. The previous month's sales growth was recorded at 2.0%.
Iranian Vice President Asserts Control Over Strait of HormuzIranian Vice President Reza Aref has declared that Iran will never relinquish control of the Strait of Hormuz, regardless of the cost. According to Odaily, Aref emphasized that the strait has always been Iran's property, although there was a period when it was not fully utilized.

Iranian Vice President Asserts Control Over Strait of Hormuz

Iranian Vice President Reza Aref has declared that Iran will never relinquish control of the Strait of Hormuz, regardless of the cost. According to Odaily, Aref emphasized that the strait has always been Iran's property, although there was a period when it was not fully utilized.
Kremlin Confirms Putin's Upcoming Visit to ChinaRussian President Vladimir Putin is set to visit China, according to Kremlin spokesperson Dmitry Peskov. According to Odaily, Peskov stated at a press conference on the 14th that preparations for the visit are complete. When asked about the specific date of Putin's visit, Peskov mentioned that the exact date will be announced soon. He confirmed that the visit is in the final stages of preparation and will take place shortly.

Kremlin Confirms Putin's Upcoming Visit to China

Russian President Vladimir Putin is set to visit China, according to Kremlin spokesperson Dmitry Peskov. According to Odaily, Peskov stated at a press conference on the 14th that preparations for the visit are complete.
When asked about the specific date of Putin's visit, Peskov mentioned that the exact date will be announced soon. He confirmed that the visit is in the final stages of preparation and will take place shortly.
Iranian Revolutionary Guard Reports Passage of 30 Vessels Through Strait of HormuzAccording to Odaily, Iranian state media reported that the Iranian Revolutionary Guard announced approximately 30 vessels have passed through the Strait of Hormuz under Tehran's authorization since Wednesday evening.

Iranian Revolutionary Guard Reports Passage of 30 Vessels Through Strait of Hormuz

According to Odaily, Iranian state media reported that the Iranian Revolutionary Guard announced approximately 30 vessels have passed through the Strait of Hormuz under Tehran's authorization since Wednesday evening.
Iran Accuses UAE of Involvement in Military ActionsIranian Foreign Minister Araghchi has accused the United Arab Emirates of direct involvement in military actions against Iran. According to Odaily, this statement was reported by Iran's Mehr News Agency.

Iran Accuses UAE of Involvement in Military Actions

Iranian Foreign Minister Araghchi has accused the United Arab Emirates of direct involvement in military actions against Iran. According to Odaily, this statement was reported by Iran's Mehr News Agency.
PRECIOUS METALS | South Africa's Gold Production Rises in MarchSouth Africa's gold production increased by 17.1% year-on-year in March, according to Statistics South Africa.

PRECIOUS METALS | South Africa's Gold Production Rises in March

South Africa's gold production increased by 17.1% year-on-year in March, according to Statistics South Africa.
Trump and Xi Discuss Agricultural Trade and Oil Flows at SummitU.S. President Donald Trump and Chinese President Xi Jinping held discussions on Thursday focusing on enhancing agricultural trade and improving oil flows, according to a White House official. Bloomberg posted on X, highlighting the significance of these talks in the context of ongoing trade negotiations between the two nations. The summit aimed to address key economic issues and strengthen bilateral relations. Both leaders expressed a commitment to fostering cooperation in these sectors, which are crucial to the economies of both countries. The discussions are part of broader efforts to resolve trade tensions and promote mutual economic growth.

Trump and Xi Discuss Agricultural Trade and Oil Flows at Summit

U.S. President Donald Trump and Chinese President Xi Jinping held discussions on Thursday focusing on enhancing agricultural trade and improving oil flows, according to a White House official. Bloomberg posted on X, highlighting the significance of these talks in the context of ongoing trade negotiations between the two nations. The summit aimed to address key economic issues and strengthen bilateral relations. Both leaders expressed a commitment to fostering cooperation in these sectors, which are crucial to the economies of both countries. The discussions are part of broader efforts to resolve trade tensions and promote mutual economic growth.
BRICS Nations Shift to Yuan for Trade SettlementsRussia and Iran have settled $214 billion in Chinese yuan in March, marking a significant move in the BRICS nations' efforts to reduce reliance on the US dollar for trade. According to NS3.AI, this development is part of a broader strategy to diversify currency usage in international trade. Iran has subsequently allowed the passage through the Strait of Hormuz for China, Russia, and India, with transactions conducted in yuan. Ding Shuang of Standard Chartered noted that the ongoing Middle East conflict has served as a catalyst for this shift, while Russia has largely halted US dollar payments since February 2022.

BRICS Nations Shift to Yuan for Trade Settlements

Russia and Iran have settled $214 billion in Chinese yuan in March, marking a significant move in the BRICS nations' efforts to reduce reliance on the US dollar for trade. According to NS3.AI, this development is part of a broader strategy to diversify currency usage in international trade. Iran has subsequently allowed the passage through the Strait of Hormuz for China, Russia, and India, with transactions conducted in yuan. Ding Shuang of Standard Chartered noted that the ongoing Middle East conflict has served as a catalyst for this shift, while Russia has largely halted US dollar payments since February 2022.
China and U.S. Hold Trade Talks in South KoreaChina's Ministry of Commerce spokesperson, He Yongqian, announced on May 14 that Chinese and U.S. trade representatives held discussions in South Korea. According to Odaily, the talks took place on May 13, led by Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Bessent. The discussions were guided by the consensus reached by the two countries' leaders, focusing on mutual respect, peaceful coexistence, and cooperation for mutual benefit. Both sides engaged in open, in-depth, and constructive exchanges on resolving trade issues and expanding practical cooperation. Moving forward, China is willing to work with the U.S. based on principles of equality, respect, and reciprocity to extend the list of cooperative efforts and reduce the list of issues, aiming for a healthy, stable, and sustainable development of China-U.S. trade relations.

China and U.S. Hold Trade Talks in South Korea

China's Ministry of Commerce spokesperson, He Yongqian, announced on May 14 that Chinese and U.S. trade representatives held discussions in South Korea. According to Odaily, the talks took place on May 13, led by Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Bessent. The discussions were guided by the consensus reached by the two countries' leaders, focusing on mutual respect, peaceful coexistence, and cooperation for mutual benefit. Both sides engaged in open, in-depth, and constructive exchanges on resolving trade issues and expanding practical cooperation. Moving forward, China is willing to work with the U.S. based on principles of equality, respect, and reciprocity to extend the list of cooperative efforts and reduce the list of issues, aiming for a healthy, stable, and sustainable development of China-U.S. trade relations.
STOCKS | South Korea's KOSPI Index Reaches New All-Time HighSouth Korea's KOSPI index increased by 1.75%, achieving a new all-time closing high. According to NS3.AI, Samsung Electronics contributed significantly to this rise, gaining 4.23% and also setting a record closing high.

STOCKS | South Korea's KOSPI Index Reaches New All-Time High

South Korea's KOSPI index increased by 1.75%, achieving a new all-time closing high. According to NS3.AI, Samsung Electronics contributed significantly to this rise, gaining 4.23% and also setting a record closing high.
Iranian Foreign Minister Rejects Military Solutions Amid TensionsIranian Foreign Minister Araghchi has stated that there is no military solution concerning Iran's current situation. According to NS3.AI, Araghchi emphasized that Iranians will not succumb to threats or pressure. He affirmed Iran's readiness to defend its freedom and territory while maintaining a commitment to diplomatic efforts.

Iranian Foreign Minister Rejects Military Solutions Amid Tensions

Iranian Foreign Minister Araghchi has stated that there is no military solution concerning Iran's current situation. According to NS3.AI, Araghchi emphasized that Iranians will not succumb to threats or pressure. He affirmed Iran's readiness to defend its freedom and territory while maintaining a commitment to diplomatic efforts.
India Confronts Challenges in Bridging BRICS Divisions Amid Iran ConflictIndia is grappling with the task of uniting the BRICS bloc as members remain divided over the ongoing conflict in Iran. Bloomberg posted on X, highlighting the complexities India faces in fostering consensus among the diverse group of nations. The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, has been struggling to present a unified stance on the geopolitical tensions involving Iran. The divisions within the group are reflective of the broader challenges in aligning the varied political and economic interests of its member countries. As India seeks to play a pivotal role in mediating these differences, the outcome could significantly impact the bloc's influence on the global stage.

India Confronts Challenges in Bridging BRICS Divisions Amid Iran Conflict

India is grappling with the task of uniting the BRICS bloc as members remain divided over the ongoing conflict in Iran. Bloomberg posted on X, highlighting the complexities India faces in fostering consensus among the diverse group of nations. The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, has been struggling to present a unified stance on the geopolitical tensions involving Iran. The divisions within the group are reflective of the broader challenges in aligning the varied political and economic interests of its member countries. As India seeks to play a pivotal role in mediating these differences, the outcome could significantly impact the bloc's influence on the global stage.
UK Construction Output Rises in MarchThe UK's construction output for March increased by 1.5%, surpassing expectations of a 0.5% decline. According to Jin10, the previous month's figure was revised from 1.00% to 0.5%.

UK Construction Output Rises in March

The UK's construction output for March increased by 1.5%, surpassing expectations of a 0.5% decline. According to Jin10, the previous month's figure was revised from 1.00% to 0.5%.
UK Records Largest Trade Deficit in MarchThe United Kingdom reported a seasonally adjusted goods trade deficit of £27.218 billion in March, marking the largest deficit on record. According to Jin10, the country's GDP grew by 0.6% month-on-month in March, the highest increase since March 2025. Additionally, the annual GDP growth rate reached 1.2%, the fastest pace since July 2025.

UK Records Largest Trade Deficit in March

The United Kingdom reported a seasonally adjusted goods trade deficit of £27.218 billion in March, marking the largest deficit on record. According to Jin10, the country's GDP grew by 0.6% month-on-month in March, the highest increase since March 2025. Additionally, the annual GDP growth rate reached 1.2%, the fastest pace since July 2025.
Xi Jinping Advocates Partnership with U.S. at Beijing SummitChinese President Xi Jinping emphasized the importance of partnership over rivalry with the United States during a summit in Beijing. Bloomberg posted on X, highlighting Xi's remarks directed at U.S. President Donald Trump, who was present at the event. Trump praised his relationship with Xi, describing it as 'fantastic,' and noted that U.S. business leaders were in Beijing to show their respect for Xi and China.

Xi Jinping Advocates Partnership with U.S. at Beijing Summit

Chinese President Xi Jinping emphasized the importance of partnership over rivalry with the United States during a summit in Beijing. Bloomberg posted on X, highlighting Xi's remarks directed at U.S. President Donald Trump, who was present at the event. Trump praised his relationship with Xi, describing it as 'fantastic,' and noted that U.S. business leaders were in Beijing to show their respect for Xi and China.
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