US, South Korea Will Hold Major Military Drills in March

Did Trump Force China's Hand? Beijing Nears 500-Jet Boeing Deal Ahead Of Xi Summit Boeing shares moved higher in late-afternoon trading in New York after Bloomberg News reported that the planemaker may be nearing one of the largest sales in its history, potentially to be unveiled during President Trump's trip to China later this month. People familiar with the potential Boeing-China jet deal said it could be announced during President Trump's trip to Beijing from March 31 to April 2. They said the deal includes a 500-plane order for 737 Max...

Hormuz Chokepoint Claims Next Victim: World's Largest Aluminum Smelter Cuts Capacity The world's largest single-site aluminium smelter in the Middle East cut its output by about 20% on Sunday, marking yet another troubling development for the global economy. The disruption in the Strait of Hormuz is no longer just an energy story - it's now spreading into industrial metals. These second- and third-order effects could soon disrupt global supply chains and tighten aluminium availability, thus pressuring prices higher.  Bloomberg reports that Aluminium Bahrain (Alba) began a controlled, safe shutdown of three...

As many as 150 US troops have been wounded in the war with Iran since it was launched by the US and Israel on February 28, Reuters reported on Tuesday. Prior to the report, the Pentagon had only said that eight US soldiers were “seriously wounded” and confirmed the deaths of eight US service members, […]