Author

admin

Browsing

Friday (June 20) was the last day for the spring session of Canada’s parliament before its summer break.

On the agenda for the day was a vote on bill C-5, “The One Canadian Economy Act,” which was introduced on June 5.

The bill is in part a response to the recent shift in US trade policy under Donald Trump’s administration. It will provide a new framework to fast-track projects of national interest, including mining and energy projects, to boost Canada’s economy.

However, it hasn’t been without controversy. Primarily, it has been met with opposition from some Indigenous groups, who feel it will override treaty obligations and environmental review processes.

In parliament, it also met some resistance from the conservative opposition, who amended the bill to close loopholes they felt would allow the government to skirt conflict of interest and lobbying laws.

The bill is widely expected to pass the House of Commons and the Senate, with broad support from the Conservative Party.

Also on Friday, Statistics Canada released April’s monthly mineral production survey.

The data shows across-the-board declines in both production and shipments of copper, gold and silver from the previous month.

Copper production dropped the most in April, down to 35.1 million kilograms from 40.1 million in March, while shipments slipped to 30.1 million kilograms from the 50.5 million recorded the previous month.

Gold and silver production fell slightly, with gold declining from 17,059 to 16,708 kilograms, and silver declining from 26,700 to 25,412 kilograms. However, shipments of both fell more precipitously between March and April. Gold shipments dropped from 19,049 to 14,848 kilograms, while silver shipments fell from 29,578 to 22,106 kilograms.

In the United States, the Federal Reserve held its fourth meeting of the year to determine the direction of the benchmark Federal Funds Rate on Tuesday (June 17) and Wednesday (June 18).

The central bank decided to hold the rate at the current 4.25 to 4.5 percent range, which it last set in November 2024. The decision comes as it awaits the effects of tariffs to be felt more broadly in the economy, noting uncertainty whether it will be a one-time shock or be more persistent through the rest of the year.

The decision fell in line with analysts’ expectations, who are not predicting a rate cut until the Fed’s September meeting.

Markets and commodities react

In Canada, major indexes were mixed at the end of the week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) was largely flat, posting a small 0.14 percent loss during the week to close at 26,497.57 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared worse, losing 2.18 percent to 711.18, although the CSE Composite Index (CSE:CSECOMP) jumped 1.58 percent to 117.36.

US equities were all in negative territory this week, with the S&P 500 (INDEXSP:INX) losing 0.55 percent to close at 6,967.85, the Nasdaq-100 (INDEXNASDAQ:NDX) slipping 0.23 percent to 21,626.39 and the Dow Jones Industrial Average (INDEXDJX:.DJI) sinking 0.88 percent to 42,206.83.

The gold price was down this week, losing 0.42 percent to US$3,371.39 at by Friday’s close. Although it jumped to a high of US$37.29 mid-week, the silver price pulled back and ultimately lost 0.82 percent to end the week at US$36.02.

In base metals, the COMEX copper price gained 1.88 percent over the week to US$4.88 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) posted a gain of 5.47 percent to close at 580.99.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Royalties Inc. (CSE:RI)

Weekly gain: 183.33 percent
Market cap: C$24.75 million
Share price: C$0.085

Royalties Inc. is a company focused on building cash flow through the acquisition mineral and music royalty assets.

The company has a 100 percent interest in the Bilbao silver property in Zacatecas, Mexico, which hosts silver, zinc and lead deposits. As silver prices improve, the company is seeking to monetize the property.

Shares in Royalties Inc. surged this week after its 88 percent owned subsidiary Minera Portree won its lawsuit against Capstone Copper (TSX:CS), asserting its ownership of a 2 percent net smelter return royalty on five mineral concessions at the Cozamin copper-silver mine in Zacatecas.

The protracted legal dispute began after Capstone re-assigned the royalty to itself through a 2019 contract without informing or paying Minera Portree.

Under the terms of the judgment, the 2 percent NSR will revert back to Minera Portree along with royalties for the exploitation of concessions between 2002 and 2019. The amounts for those royalties will be set at the execution phase. Capstone Gold is also ordered to pay royalties from the Portree 1 concession from August 2019 to present.

Earlier in the week, Royalties Inc. increased its stake in Music Royalties, which pays a 7.2 percent annual yield from 30 music catalogues. The company will now receive royalties of C$102,000 per year from its investment.

2. Altima Energy (TSXV:ARH)

Weekly gain: 100 percent
Market cap: C$21.14 million
Share price: C$0.42

Altima Energy is a light oil and natural gas exploration and development company with operations in Alberta, Canada.

Its primary asset is the Richdale property in Central Alberta. The property consists of five producing light oil wells and sits on 5,920 acres of long-term reserves. According to a company presentation from April 2025, the property hosts combined proved and probable reserves of just under 2 billion barrels of oil equivalent, with a pre-tax net present value of C$25.8 million.

The company also owns two wells at its Twinning light oil site near Nisku, seven producing wells at its Red Earth property in Northern Alberta and two multi-zone wells at its Chambers Ferrier liquid gas production property.

Although Altima hasn’t released news in the last few months, its share price surged mid-week.

3. Trillion Energy (CSE:TCF)

Weekly gain: 71.43 percent
Market cap: C$11.62 million
Share price: C$0.06

Trillion Energy is an oil and gas producer focused on supplying the European and Turkish markets.

The company owns a 49 percent share in the SASB gas field with Turkish Petroleum (TPAO) owning the remainder. The field is located in the southwestern Black Sea, and covers a license block area of 12,387 hectares. Trillion also owns a 19.6 percent interest in the Cendre oil field, with TPAO owning the majority 80 percent.

On April 26, the company released its 2024 year end reserve report. In the announcement, Trillion reported that its attributable total proved and probable reserves at the SASB gas field increased to 62.3 billion cubic feet of gas and 247 million barrels of oil, with a pre-tax NPV of US$363.6 million.

Trillion Energy’s share price climbed in the second half of the week. Although it did not put out a press release, the company stated in posts on X Wednesday and Friday that the partners are “actively engaged on-site” advancing gas lift operations through “carefully managed on-platform efforts.”

4. Search Minerals (TSXV:SMY)

Weekly gain: 52 percent
Market cap: C$18.81 million
Share price: C$0.380

Search Minerals is a rare earth element exploration and development company working to advance its flagship Deep Fox project in Newfoundland and Labrador, Canada.

The project is located near the port of St. Lewis on the Southeast Labrador coast and consists of 63 mineral claims covering an area of 1,575 hectares. The company also owns the nearby Foxtrot deposit. A May 2022 technical report reported a combined indicated mineral resource estimate for the two properties of 375 parts per million (ppm) praseodymium, 1,402 ppm neodymium, 185 ppm dysprosium and 32 ppm terbium from 15.09 million metric tons of ore.

Search Minerals released a corporate update on June 13 announcing that its shares were being reinstated for trading on the TSXV. The update detailed how, under previous management, the company’s TSXV listing was subject to a cease trade order in April 2024 due to the previous management team failing to file annual financial statements for 2023. Search’s new board and management team, elected and appointed in mid-2024, brought the company back into compliance.

Search recommenced trading Monday, and its shares climbed on June 19 after the company announced unreleased assay results from a 2022 Phase 4 drill program at Deep Fox. Highlighted assays included one hole with a 29.92 meter interval grading 256 ppm dysprosium, 1,848 ppm neodymium, 496 ppm praseodymium and 43.5 ppm terbium.

The company said the results validate their belief in the mineralization at the site, and that it would drive forward development of Deep Fox, which it called a generational asset, without delay.

5. Homeland Nickel (TSXV:SHL)

Weekly gain: 50 percent
Market cap: C$12.26 million
Share price: C$0.06

Homeland Nickel is an exploration company with projects in the US and Canada.

The company owns four nickel projects in Oregon: Cleopatra, Red Flat, Eight Dollar Mountain and Shamrock. The projects are in the early exploration stage, with the company being guided by historic work at each property.

Homeland is also working on the Great Burnt copper-gold project in Newfoundland and Labrador, Canada. The project is a 30/70 joint venture with Benton Resources (TSXV:BEX,OTC Pink:BNTRF), which earned its stake in the property through an earn-in agreement with Homeland in July 2024.

While the company did not release any news, on June 11, Noble Mineral Exploration (TSXV:NOB) and Canada Nickel’s (TSXV:CNC) announcement on June 11 of positive assay results from their joint venture Mann nickel project in Ontario. Homeland owns 2.95 million shares in Canada Nickel and 9.96 million shares of Noble.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Apple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday.

Kuo said Apple’s folding phone could have a display made by Samsung Display, which is planning to produce as many as eight million foldable panels for the device next year. However, other components haven’t been finalized, including the device’s hinge, Kuo wrote. He expects it to have “premium pricing.”

Kuo is an analyst for TF International Securities, and focuses on the Asian electronics supply chain and often discusses Apple products before they’re launched.

He wrote in a post on social media site X that Apple’s plans for the foldable iPhone aren’t locked in yet and are subject to change. Apple did not respond to CNBC’s request for comment.

Apple’s iPhone makes up over half of Apple’s business and remains an incredibly profitable product, accounting for $201 billion in sales in the company’s fiscal 2024. But iPhone revenue peaked in 2022, and Apple is constantly looking for ways to attract new customers and convince its current customers to upgrade to more expensive devices.

Several of Apple’s rivals, including Huawei and Samsung, have been releasing folding smartphones since 2019.

The devices promise the screen size of a tablet in a format that can be stored in pants pockets. But folding phones still have hardware issues, including creases in the display where it is folded.

Folding phones also have yet to prove they drive significant demand after the novelty wears off.

Research firm TrendForce said last year that only 1.5% of all smartphones sold can fold. Counterpoint, another research firm tracking smartphone sales, said earlier this year that the folding market only grew about 3% in 2024 and is expected to shrink in 2025.

This post appeared first on NBC NEWS

Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran.

U.S. crude oil was last up $1.36, or 1.81%, to $76.50 per barrel by 9:38 a.m. ET, while global benchmark Brent added $1.10, or 1.43%, to $77.80 per barrel. Prices have gained more than 11% over the seven days since Israel began pounding Iran’s nuclear and missile programs.

Follow along for live coverage

Netanyahu ordered Israel’s military to intensify attacks on “strategic targets” in Iran and “government targets” in the country’s capital, Tehran, Israel Defense Minister Israel Katz said in a social media post. The goal of the strikes is to “undermine the ayatollah’s regime,” Katz said.

Israel’s decision to escalate its military operation against the Islamic Republic comes after an Iranian missile reportedly struck a major hospital in the southern city of Beersheba. Katz threatened Iran’s leader Ayatollah Ali Khamenei in the wake of the hospital strike.

Katz said Israel’s military “has been instructed and knows that in order to achieve all of its goals, this man absolutely should not continue to exist,” referring to Khamenei.

President Donald Trump is still considering whether to order a U.S. strike on Iran’s nuclear program. “I may do it, I may not do it, I mean nobody knows what I’m going to do,” Trump told reporters Wednesday.

JPMorgan warned on Wednesday that regime change in a major oil producing country like Iran could have a profound impact on global oil prices. Iran is one of the top producers in OPEC.

“If history serves as a guide, further destabilization of Iran could lead to significantly higher oil prices sustained over extended periods,” Natasha Kaneva, head of global commodities research at JPMorgan, told clients in a note.

Supply losses in the wake of a regime change “are challenging to recover quickly, further supporting elevated prices,” Kaneva said.

This post appeared first on NBC NEWS

Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington.

The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed.

Utility-scale battery energy storage systems help electricity grids keep supply and demand in balance. They are increasingly needed to bridge the supply-demand mismatch caused by intermittent energy sources such as solar and wind.

Chinese media outlet Yicai first reported that the deal, worth 4 billion yuan ($556 million), had been signed by Tesla, the local government of Shanghai and financing firm China Kangfu International Leasing, according to the Reuters news agency.

Tesla said its battery factory in Shanghai had produced more than 100 Megapacks — the battery designed for utility-scale deployment — in the first quarter of this year. One Megapack can provide up to 1 megawatt of power for four hours.

“The grid-side energy storage power station is a ‘smart regulator’ for urban electricity, which can flexibly adjust grid resources,” Tesla said on Weibo, according to a Google translation.

This would “effectively solve the pressure of urban power supply and ensure the safe, stable and efficient electricity demand of the city,” it added. “After completion, this project is expected to become the largest grid-side energy storage project in China.”

According to the company’s website, each Megapack retails for just under $1 million in the U.S. Pricing for China was unavailable.

The deal is significant for Tesla, as China’s CATL and carmaker BYD compete with similar products. The two Chinese companies have made significant inroads in battery development and manufacturing, with the former holding about 40% of the global market share.

CATL was also expected to supply battery cells and packs that are used in Tesla’s Megapacks, according to a Reuters news source.

Tesla’s deal with a Chinese local authority is also significant as it comes after U.S. President Donald Trump slapped tariffs on imports from China, straining the geopolitical relationship between the world’s two largest economies.

Tesla Chief Executive Elon Musk was also a close ally of President Trump during the initial stages of the trade war, further complicating the business outlook for U.S. automakers in China.

The demand for grid-scale battery installation, however, is significant in China. In May last year, Beijing set a new target to add nearly 5 gigawatts of battery-powered electricity supply by the end of 2025, bringing the total capacity to 40 gigawatts.

Tesla has also been exporting its Megapacks to Europe and Asia from its Shanghai plant to meet global demand.

Capacity for global battery energy storage systems rose 42 gigawatts in 2023, nearly doubling the total increase in capacity observed in the previous year, according to the International Energy Agency.

— CNBC’s Arjun Kharpal contributed reporting.

This post appeared first on NBC NEWS

The diplomat refused to be drawn on specifics but reiterated that the crux of the matter remained Iran’s controversial uranium enrichment program and that the talks would focus on “what kind of compromise would be feasible” on that issue.

But enrichment — which Iran says it needs for peaceful purposes, while also manufacturing large quantities of near-weapons-grade material — is a major sticking point, with the Trump administration vowing that any agreement with Iran would have to entirely prohibit the country from enriching any nuclear material.

For decades, Iran, which denies it intends to build a nuclear weapon, has categorically refused to give up its capabilities — instead plowing billions of dollars into refining the technology and constructing vast enrichment facilities, like the secretive Fordow installation, which is built deep underground inside a mountain.

After launching its first wave of strikes on Iran, Israel pointed to a recent report by the International Atomic Energy Agency, which acknowledged Iran is enriching uranium to a higher level than other countries without nuclear weapons programs, in violation of its nuclear non-proliferation obligations.

“Because Iran is now under immense military pressure, it might run out of options, and their nuclear capability is being degraded,” the diplomat said.

Until Trump’s decision to allow diplomacy another shot, the Geneva talks had looked like a European sideshow, with the US seemingly poised to join with Israel in the destruction of Iranian nuclear facilities.

The meeting, between the EU’s foreign policy chief, alongside the British, French and German foreign ministers and their Iranian counterpart, is now taking on greater significance, setting the stage for next steps and possibly acting as a bridge between Iran and the United States.

But there is an underlying fear in Geneva that the reinvigorated talks here, the first formal meetings with Iranian representatives since the escalation of the Israel-Iran conflict, will still go nowhere.

“It’s impossible to read anything Trump says because there is a daily barrage of statements,” the diplomat added.

This post appeared first on cnn.com

China and Russia positioning themselves as voices of reason, calling for de-escalation of a conflict the United States is contemplating on entering — these are the optics Xi Jinping and Vladimir Putin sought to project during a phone call on Thursday.

As US President Donald Trump weighs joining Israel in attacking Iran, the fast-spiralling conflict between two sworn enemies in the Middle East has presented Beijing and Moscow another opportunity to cast themselves as an alternative to US power.

In their call, Putin and Xi strongly condemned Israel’s actions, calling them a breach of the UN Charter and other norms of international law, according to the Kremlin. (The elephant in the room, of course, is Russia’s own violations of international law in its ongoing war against Ukraine — which Beijing has consistently refused to condemn.)

In Beijing’s readout, Xi struck a more measured tone and stopped short of explicitly condemning Israel — unlike his foreign minister, who did just that in a call with his Iranian counterpart last week.

Instead, the Chinese leader urged the warring parties, “especially Israel,” to cease fire as soon as possible to avoid further escalation and regional spillover.

And notably, in a veiled message to Trump, Xi emphasized that “major powers” that have a special influence on the parties to the conflict should work to “cool the situation, not the opposite.”

Beijing has long accused Washington of being a source of instability and tensions in the Middle East — and some Chinese scholars are now seizing on the Iran crisis to underscore that point.

Liu Zhongmin, a Middle East expert at the Shanghai International Studies University, attributed the latest flareup to the uncertainty created by Trump’s second presidency and the chaotic, opportunistic and transactional nature of his Middle East policy.

“(Trump) has seriously undermined the authority and credibility of US policy in the Middle East, eroded America’s leadership and image among its allies while also weakening its ability to threaten and deter regional adversaries,” Liu wrote in state media this week.

Another Middle East ‘forever war’?

Some Chinese online commentators have noted that Trump appears on the brink of pulling the US deeper into another so-called forever war in the Middle East.

At the outset of his second term, officials close to Trump repeatedly stressed the need for Washington to redirect its focus and resources toward countering China’s ambitions in the Indo-Pacific. Yet five months in, the wars in Ukraine and Gaza continue to rage on — and Trump is now weighing US involvement in the Israel-Iran conflict.

Beijing has no interest in seeing an all-out war against Iran that could topple the regime. Under Supreme Leader Ayatollah Ali Khamenei, Iran has emerged as a formidable power in the Middle East and a vital counterweight to US dominance — just as China is working to expand its own diplomatic and economic footprint in the region.

In 2023, Beijing helped broker a surprise rapprochement between arch-rivals Saudi Arabia and Iran – a deal that signaled its ambition to emerge as a new powerbroker in the region.

China has long backed Iran through sustained oil imports and its seat on the UN Security Council. In recent years, the two countries have deepened their strategic ties, including holding joint naval exercises alongside Russia. Beijing welcomed Tehran into the Shanghai Cooperation Organization and BRICS – groupings led by China and Russia to challenge the US-led world order.

Iran is also a critical node in China’s Belt and Road Initiative (BRI), its global infrastructure and investment drive. The country lies near the strategic Gwadar port — a key BRI outpost in Pakistan that gives China access to the Indian Ocean — and borders the Strait of Hormuz, a vital chokepoint for Chinese oil imports from the Persian Gulf.

Like Russia, China has offered to be a potential mediator in the Israel-Iran conflict, casting its role as a peace broker and an alternative to US leadership.

During his call with Putin, Xi laid out four broad proposals to de-escalate tensions, including resolving the Iran nuclear issue through dialogue and safeguarding civilians, according to the Chinese readout.

Meanwhile, Xi’s Foreign Minister Wang Yi has had a busy week on the phone, speaking with his counterparts in Iran, Israel, Egypt and Oman in a flurry of diplomatic outreach.

Yet it remains unclear what Beijing is willing and able to do when it comes to actually mediating the conflict. In the early stages of Israel’s war on Gaza, China made a similar offer and dispatched a special envoy to the region to promote peace talks — efforts that ultimately yielded little in terms of concrete results.

Brokering peace in the Middle East is a tall order, especially for a country with little experience or expertise in mediating protracted, intractable conflicts – in a deeply divided region where it lacks a meaningful political or security presence.

And in the one conflict where China does hold significant leverage — the war in Ukraine — Xi has offered diplomatic cover and much-needed economic support to help sustain Putin’s war effort, even as China continues to cast itself as a neutral peace broker.

Still, at a time when America’s global leadership is under growing scrutiny, particularly in the eyes of the Global South, presenting itself as a voice of restraint in the Iran conflict may already count as a symbolic win for Beijing.

This post appeared first on cnn.com

Pro-Palestinian activists broke into Britain’s largest air base and damaged two military aircraft in central England early Friday.

Palestine Action, a UK-based group that aims to disrupt the operations of weapons manufacturers supplying the Israeli government, posted footage of the action to its X account.

The video shows two people riding on electric scooters on the tarmac of RAF Brize Norton, in Oxfordshire.

The activists can be seen spraying red paint into the turbine engines of two Airbus Voyagers, which they said were targeted for their alleged role in carrying military cargo and for their use in refueling Israeli, American and British military aircraft and fighter jets.

“Britain isn’t just complicit, it’s an active participant in the Gaza genocide and war crimes across the Middle East,” a Palestine Action spokesperson said in a statement.

“By decommissioning two military planes, Palestine Action have directly intervened in the genocide and prevented crimes against the Palestinian people,” it added.

The incident raises wider questions as to how the activists – who have not been apprehended – managed to get into the airbase undetected. RAF Brize Norton has approximately 5,800 service personnel, 300 civilian staff and 1,200 contractors.

In a statement, the Ministry of Defence strongly condemned the “vandalism of Royal Air Force assets” and said that it was working with police who were investigating the breach.

In a statement posted to X, British Prime Minister Keir Starmer called the incident “an act of vandalism” and said it was “disgraceful.”

This post appeared first on cnn.com

Ten months after the luxury superyacht Bayesian sank off the coast of Sicily in a sudden storm, salvage crews managed to lift it 50 meters (164 feet) from the seabed on Friday afternoon, the company running the $30 million recovery operation said.

The superyacht was scheduled to be lifted at the weekend, but salvage crews from TMC Marine said the process went faster than anticipated.

The top of the hull is now visible above the surface and TMC Marine said it will be lifted fully out of the water on Saturday.

The 56-meter (184-foot) superyacht went down in less than a minute when hurricane-force winds swept through the area on August 19, 2024. Seven people, including British tech tycoon Mike Lynch and his 18-year-old daughter Hannah, died. Fifteen people survived, including Lynch’s wife, whose company owns the $40 million vessel, the ship’s captain and all but one crew member.

A Dutch salvage worker also died in an underwater explosion when the salvage operation began in May, prompting the company to replace most of the human divers with underwater robots.

That change in strategy led to “accelerated progress” in the operation to attach the lifting straps to the hull, which was originally scheduled to finish by the end of the month, the company said.

Marcus Cave, head of naval architecture and a director of TMC Marine, said in a statement Friday: “The salvage team has made very substantive progress in the last 10 days. They are now preparing for the final, complex and delicate lifting operation, to bring Bayesian to the surface and ultimately into port.

“This is a challenging programme of activity, that will be progressed in a measured and systematic way.”

Earlier this week, salvage workers used a remote-controled, diamond-wire precision-cutting tool to remove the vessel’s 72-meter (236-foot) mast.

Once the mast was removed, the salvage company was able to finish attaching eight steel lifting slings to the hull, and partially parbuckled the ship to an upright position on the seabed.

Final stabilizers, hoses and other rigging were attached before the yacht was lifted by one of Europe’s most powerful floating cranes, which had been brought in for the job.

The Bayesian sank with 18,000 liters of fuel on board, which has not been removed. Oil booms were laid around the work site to protect the area from potential pollution.

On Friday afternoon, the top of the yacht, now covered in clay and algae, emerged out of the water. It is now being held in an upright position to allow water to drain out before it is taken to the Sicilian port of Termini Imerse on Monday.

There, it will be placed in a specially built steel cradle and sequestered while investigators carry out forensic investigations that may reveal the definitive cause of the accident.

The ship’s captain, James Cutfield, and two crew members are currently under investigation for their role in the deadly accident, and investigators need to examine the ship to determine whether human error or a design flaw led to the sinking.

They will also secure any possessions, including what are believed to be watertight safes in which Lynch kept encrypted hard drives.

Remote-controlled submersibles were previously used to recover the yacht’s anchor and boom, which were brought to the surface in May. An uninflated lifeboat and deck furniture have also already been recovered.

Lynch had organized the cruise to celebrate his acquittal in June 2024 on 15 felony charges in a United States court tied to the $11 billion sale of one of his companies to Hewlett-Packard.

His co-defendant, Stephen Chamberlain, also acquitted on all charges, died on the same day the Bayesian went down, two days after he was struck by a car while out jogging in the United Kingdom.

This post appeared first on cnn.com

Lawmakers in Britain have narrowly approved a bill to legalize assisted dying for terminally ill people, capping a fraught debate in Parliament and across the country that cut across political, religious and legal divides.

MPs passed the bill by 314 votes to 291, in their final say on the question. The bill – which has split lawmakers and sparked impassioned conversations with their constituents the breadth of Britain – will now move to the House of Lords for its final rounds of scrutiny.

Friday’s vote puts Britain firmly on track to join a small club of nations that have legalized the process, and one of the largest by population to allow it.

It allows people with a terminal condition and less than six months to live to take a substance to end their lives, as long as they are capable of making the decision themselves. Two doctors and a panel would need to sign off on the choice.

Canada, New Zealand, Spain and most of Australia allow assisted dying in some form, as do several US states, including Oregon, Washington and California.

A charged debate

Friday’s vote in Parliament coincided with a charged public debate about whether the state should be dictating the choices available to Britons in the final moments of their lives.

Proponents included Esther Rantzen, a BBC TV presenter with advanced lung cancer, who argued that the choice would save millions from unnecessary suffering.

“If we don’t vote to change the law today, what does that mean?,” asked Kim Leadbeater, the MP who introduced the bill last year. “It means we will have many more years of heartbreaking stories from terminally ill people and their families, of pain and trauma, suicide attempts, PTSD, lonely trips to (clinics in) Switzerland, police investigations.”

The option, she said, is “not a choice between living and dying: it is a choice for terminally ill people about how they die.”

But opponents have criticized the bill on religious and ethical grounds, and raised issues with a legislative process they accuse of being opaque.

Former British Prime Minister Gordon Brown argued that fixing Britain’s strained end-of-live care system should be prioritized, writing in a rare intervention in The Guardian that the bill “would privilege the legal right to assisted dying without guaranteeing anything approaching an equivalent right to high-quality palliative care for those close to death.”

Seriously ill people “need the health and social care system fixing first,” Labour MP Vicky Foxcroft said in Parliament Friday. “They want us as parliamentarians to assist them to live, not to die.”

More scrutiny expected

Friday’s debate was concluded with a free vote, meaning that MPs were allowed to decide for or against the bill according to their conscience, and free from any party-line whipping. It was the third and final time MPs cast a vote on the topic, after an earlier reading in November.

Prime Minister Keir Starmer was among those who voted in favor of the bill, despite objections from some in the opposing camp that he abstain to prevent influencing other lawmakers.

Even though the bill passed, some of its critics were emboldened by Friday’s results; the effort lost the support of 16 MPs compared to November, after months of controversy over changes made to the bill during its committee oversight stage.

Most notably, an earlier provision that stipulated each case of assisted dying must be approved by two doctors and then a judge was removed, amid concerns over courts being clogged up. The bill was tweaked to instead require the approval of two doctors and a three-person panel.

“We clearly won the argument,” Tim Farron, the former leader of the Liberal Democrats who had opposed the bill, wrote on X on Friday following the vote.

“With a tiny majority and growing opposition from expert groups, the Lords will now rightly feel that they have the right to disagree,” Farron said in a now-deleted post. “To my pleasant surprise, this is not over!”

A handful of countries allow some form of assisted dying, but the particulars of the law differ widely. Britain’s proposed bill is broadly in line with the Oregon model, and does not go as far as Switzerland, the Netherlands and Canada, which allow assisted death in cases of suffering, not just for terminally ill people. It differs from euthanasia, the process in which another person deliberately ends someone’s life to relieve suffering.

It is currently a crime to help somebody die in England and Wales, punishable by up to 14 years in prison. Performing euthanasia on a person, meanwhile, is considered murder or manslaughter.

This post appeared first on cnn.com

President Donald Trump came back into office promising no new wars. So far, he’s kept that promise. But he’s also left much of Washington — and many of America’s allies — confused by a series of rapid, unexpected moves across the Middle East. 

In just a few months, Trump has reopened backchannels with Iran, then turned around and threatened its regime with collapse. He’s kept Israel at arm’s length — skipping it on his regional tour — before signaling support once again. He lifted U.S. sanctions on Syria’s Islamist leader, a figure long treated as untouchable in Washington. And he made headlines by hosting Pakistan’s top general at the White House, even as India publicly objected. 

For those watching closely, it’s been hard to pin down a clear doctrine. Critics see improvisation — sometimes even contradiction. But step back, and a pattern begins to emerge. It’s not about ideology, democracy promotion, or traditional alliances. It’s about access. Geography. Trade. 

More specifically, it may be about restarting a long-stalled infrastructure project meant to bypass China — and put the United States back at the center of a strategic economic corridor stretching from India to Europe. 

The project is called the India–Middle East–Europe Corridor, or IMEC. Most Americans have never heard of it. It was launched in 2023 at the G20 summit in New Delhi, as a joint initiative among the U.S., India, Saudi Arabia, the UAE and the European Union. Its goal? To build a modern infrastructure link connecting South Asia to Europe — without passing through Chinese territory or relying on Chinese capital. 

IMEC’s vision is bold but simple: Indian goods would travel west via rail and ports through the Gulf, across Israel, and on to European markets. Along the way, the corridor would connect not just trade routes, but energy pipelines, digital cables, and logistics hubs. It would be the first serious alternative to China’s Belt and Road Initiative — a way for the U.S. and its partners to build influence without boots on the ground. 

But before construction could begin, war broke out in Gaza. 

The October 2023 Hamas attacks and Israel’s military response sent the region into crisis. Normalization talks between Saudi Arabia and Israel fell apart. The Red Sea became a warzone for shipping. And Gulf capital flows paused. The corridor — and the broader idea of using infrastructure to tie the region together — was quietly shelved.

That’s the backdrop for Trump’s current moves. Taken individually, they seem scattered. Taken together, they align with the logic of clearing obstacles to infrastructure. Trump may not be drawing maps in the Situation Room. But his instincts — for leverage, dealmaking and unpredictability — are removing the very roadblocks that halted IMEC in the first place. 

His approach to Iran is a prime example. In April, backchannels were reopened on the nuclear front. In May, a Yemen truce was brokered — reducing attacks on Gulf shipping. In June, after Israeli strikes inside Iran, Trump escalated rhetorically, calling for Iran’s ‘unconditional surrender.’ That combination of engagement and pressure may sound erratic. But it mirrors the approach that cleared a diplomatic path with North Korea: soften the edges, then apply public pressure. 

Meanwhile, Trump’s temporary distancing from Israel is harder to miss. He skipped it on his regional tour and avoided aligning with Prime Minister Netanyahu’s continued hard-line approach to Gaza. Instead, he praised Qatar — a U.S. military partner and quiet mediator in the Gaza talks — and signaled support for Gulf-led reconstruction plans. The message: if Israel refuses to engage in regional stabilization, it won’t control the map. 

Trump also made the unexpected decision to lift U.S. sanctions on Syria’s new leader, President Ahmad al-Sharaa — a figure with a past in Islamist groups, now leading a transitional government backed by the UAE. Critics saw the move as legitimizing extremism. But in practice, it unlocked regional financing and access to transit corridors once blocked by U.S. policy. 

Even the outreach to Pakistan — which angered India — fits a broader infrastructure lens. Pakistan borders Iran, influences Taliban-controlled Afghanistan, and maintains ties with Gulf militaries. Welcoming Pakistan’s military chief was less about loyalty, and more about leverage. In corridor politics, geography often trumps alliances. 

None of this means Trump has a master plan. There’s no confirmed strategy memo that links these moves to IMEC. And the region remains volatile. Iran’s internal stability is far from guaranteed. The Gaza conflict could reignite. Saudi and Qatari interests don’t always align. But there’s a growing logic underneath the diplomacy: de-escalate just enough conflict to make capital flow again — and make corridors investable. 

That logic may not be ideologically pure. It certainly isn’t about spreading democracy. But it reflects a real shift in U.S. foreign policy. Call it infrastructure-first geopolitics — where trade routes, ports and pipelines matter more than treaties and summits. 

To be clear, the United States isn’t the only player thinking this way. China’s Belt and Road Initiative has been advancing the same model for over a decade. Turkey, Iran and Russia are also exploring new logistics and energy corridors. But what sets IMEC apart — and what makes Trump’s recent moves notable — is that it offers an opening for the U.S. to compete without large-scale military deployments or decades-long aid packages. 

Even the outreach to Pakistan — which angered India — fits a broader infrastructure lens. Pakistan borders Iran, influences Taliban-controlled Afghanistan, and maintains ties with Gulf militaries.

For all his unpredictability, Trump has always had a sense for economic leverage. That may be what we’re seeing here: less a doctrine than a direction. Less about grand visions, and more about unlocking chokepoints. 

There’s no guarantee it will work. The region could turn on a dime. And the corridor could remain, as it is now, a partially built concept waiting on political will. But Trump’s moves suggest he’s trying to build the conditions for it to restart — not by talking about peace, but by making peace a condition for investment. 

In a region long shaped by wars over ideology and territory, that may be its own kind of strategy. 

This post appeared first on FOX NEWS