Germany's new top diplomat Johann Wadephul called on Saturday for "serious discussions for a ceasefire" in Gaza, where the humanitarian situation "is now unbearable". On Tuesday, new German Chancellor Friedrich Merz voiced "considerable concern" about the Gaza conflict and demanded that Israel "respect its humanitarian obligations".
Unicorn, a 5-year-old online auction platform for wines and spirits, has quickly established itself as the eBay of imbibing, authenticating, digitizing, storing and auctioning more than $125 million worth of prized booze.
The pontiff had lived in the house full-time until going off to a Michigan seminary for high school in 1969 and following that, to college at Villanova University in 1973.
Amidst a tense trade war, the U.S. and China are set to engage in preliminary talks in Geneva, though prospects for a swift resolution remain uncertain. Despite Trump's confidence in tariffs, China has retaliated, showing a willingness to withstand economic pressure.
US and China are set to meet in Switzerland for trade talks. This follows months of increasing tariffs between the two nations. These tariffs have negatively impacted exporters and economies. The US has tariffs of 145% on Chinese goods. China's tariffs on US goods are at 125%. Donald Trump is open to lowering tariffs if China makes concessions.
Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China talks. Brent crude settled at $63.91 a barrel, while WTI reached $61.02, both benchmarks up over 4% week-over-week.
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement. While the Federal Reserve held rates steady, the Bank of England cut them. Bitcoin's resurgence above $100,000 signals a renewed appetite for risk.
Gold prices surged over 1% on Friday, buoyed by a weaker dollar and market anticipation surrounding U.S.-China trade talks. Spot gold reached $3,340.29 an ounce, marking a 3.1% weekly gain and a 27% rise year-to-date. Trump's tariff comments and geopolitical tensions between India and Pakistan further fueled gold's appeal as a safe-haven asset, despite potential consolidation ahead.
European stock markets saw gains. Germany's DAX reached a record high. Investors felt relieved by signs of a possible ease in the global trade war. U.S. and China are expected to discuss trade. BP shares increased following takeover speculation. Energy and resources sectors performed well. Commerzbank and Mediobanca also saw gains. Bavarian Nordic shares jumped after strong revenue results.
