Strongest El Nino In 75 Years Sets Off Food Supply-Chain Alarm Bells

Israeli Minister of National Security Itamar Ben Gvir said on Wednesday that Israel cannot stop destroying homes in southern Lebanon despite the US-Iran Memorandum of Understanding that calls for an end to Israel’s war in the country. “Israel cannot stop the demolition of houses in southern Lebanon. We simply cannot stop, that’s all,” Ben Gvir […]

BYD Shares Soar Most In 13 Months As Chinese EV Push Into Americas Accelerates Shares of Chinese EV maker BYD surged the most in 13 months after a report that its factory in Bahia, Brazil, a former Ford Motor plant, secured export orders for about 100,000 vehicles from Argentina and Mexico. This development suggests BYD's strategy to localize production in South America is still in its early stages and set to flood the continent with Chinese EVs.   Bloomberg quoted Macquarie Capital analyst Eugene Hsiao, who said the local Chinese media...

China-US Trade Talks End In Paris As Doubts Grow Over Trump-Xi Summit Update (0911ET):  The Hong Kong-based South China Morning Post has published an update on the sixth round of U.S.-China trade talks, which concluded moments ago in Paris. SCMP's title for the update is rather ominous: "China and the US end trade talks as doubts form over Trump visit." The report states that both sides discussed a possible extension of existing tariff and non-tariff measures, as well as bilateral investment. China's top trade negotiator, Li Chenggang, said the two sides held "deep, frank,...