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Saudi Arabia Turns Taiwan Into Drone Export Leader As Iran War Reshapes Warfare

Saudi Arabia Turns Taiwan Into Drone Export Leader As Iran War Reshapes Warfare New data show that Saudi Arabia purchased a record $47.2 million worth of small drones from Taiwan last month, underscoring how governments are beginning to rapidly procure suicide drones. Bloomberg was the first to cite new data from Taiwan's Ministry of Finance showing that drone exports surged in June, driven by a record order from Saudi Arabia. The timing suggests Riyadh absorbed many hard lessons during the US-Iran conflict and is moving quickly to build stockpiles of one-way...
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Mar 31, 2026 / Tyler Durden
European Inflation Jumps Most Since 2022 On Soaring Energy Prices Even As Core CPI Unexpectedly Shrinks
European Inflation Jumps Most Since 2022 On Soaring Energy Prices Even As Core CPI Unexpectedly Shrinks In an early preview of the coming inflation spike, the euro area saw its steepest jump in inflation since 2022 as the Iran war pushed energy costs sharply higher, backing expectations that the ECB will have to raise interest rates. In March, European consumer prices rose 2.5% from a year ago in March - and up a whopping 1.9% from the previous month - to the highest since January 2025. The silver lining: the median estimate...
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Jun 3, 2026 / Tyler Durden
Trump Says He'd Like To Meet Iran's New Supreme Leader: 'We Probably Will'
Trump Says He'd Like To Meet Iran's New Supreme Leader: 'We Probably Will' After US-Israeli strikes assassinated the last longtime Supreme Leader, Ali Khamenei, President Trump says he would like to meet the new one. Trump said he "would like to meet" Iran's Ayatollah Mojtaba Khamenei, in an interview published Wednesday. In surprising remarks, Trump told the New York Post's Pod Force One: "I would like to meet him, and we probably will meet at some point, depending on how it all works out." AFP via Getty Images Trump reasoned that "They've ‌already agreed ‌they're ‌not...
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Jun 23, 2026 / Tyler Durden
MP Materials' Lawsuit Against USA Rare Earth Highlights Battle For America's Future In Minerals
MP Materials' Lawsuit Against USA Rare Earth Highlights Battle For America's Future In Minerals USA Rare Earth has dismissed a lawsuit filed by MP Materials, calling the claims "completely without merit" and arguing the case is an attempt to slow its growth. The company said it will deny all allegations that it improperly obtained confidential information from a former MP employee, according to Bloomberg. The dispute underscores intensifying competition in the U.S. rare-earth sector, where both companies are racing to build domestic mining, processing, and magnet-production capabilities. USA Rare Earth said...
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