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Israel Defense Forces said it killed two militants linked to Hamas and Palestinian Islamic Jihad in the Gaza Strip.

2026-09-08

Israel Defense Forces said it killed two militants linked to Hamas and Palestinian Islamic Jihad in the Gaza Strip.

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2026-09-07

Allianz's chief economic advisor, Mohamed A. El-Erian, analyzed that UK Chancellor of the Exchequer John Healy's first major speech since taking office today was clearly optimistic in tone, proposing to transform Britain into a "growth Britain." He p

Allianz's chief economic advisor, Mohamed A. El-Erian, analyzed that UK Chancellor of the Exchequer John Healy's first major speech since taking office today was clearly optimistic in tone, proposing to transform Britain into a "growth Britain." He pointed out that while continuing the strict fiscal discipline of his predecessor, Reeves, Healy broadened the scope of economic policy, seeking to unleash regional investment potential, particularly to promote development in northern England, and to reduce business operating costs. Healy noted that if government debt interest payments were a separate department, its expenditure would exceed the combined spending of the Ministry of Defence, the Home Office, and the Department of Justice. However, the real test lies in whether the government can translate these policy proposals into sustainable and implementable policies before borrowing costs rise further and economic growth and public finances become strained.
2026-09-08

LME copper's move above $14,500/tonne is often linked to AI, grid and electrification demand, but a deeper supply constraint is falling ore grades. BHP said Escondida set records for mined and milled tonnage in the first nine months of FY2026, yet co

LME copper's move above $14,500/tonne is often linked to AI, grid and electrification demand, but a deeper supply constraint is falling ore grades. BHP said Escondida set records for mined and milled tonnage in the first nine months of FY2026, yet copper production fell 3% as head grade declined from 1.05% to 0.91%. Lower grades force miners to process more rock and consume more energy and inputs to sustain output. IEA data show average global copper ore grade is about 40% lower than in 1991; capital intensity for existing mine expansions has risen ~65% since 2020. Just 5% of copper resources discovered in the past 35 years were found in the last decade, and new projects take roughly 17 years from discovery to production on average. Market signals are tightening: annual concentrate treatment charges for 2026 have fallen to zero and spot TCs are negative, indicating smelters have spare processing capacity while available concentrates are limited.
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