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- China, North Korea, and Russia’s Response to Trump’s ‘Golden Dome’ Proposal
China, North Korea, and Russia’s Response to Trump’s ‘Golden Dome’ Proposal
Global Tensions and Economic Shifts: Policies Reshape Trade, Defense, and International Alliances
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China, North Korea, and Russia’s Response to Trump’s ‘Golden Dome’ Proposal
5 minutes by Chad de Guzman
President Donald Trump’s “Golden Dome” proposal, a $175 billion space-based missile defense system inspired by Israel’s Iron Dome, aims to protect the U.S. from advanced missile threats by deploying satellites and interceptors to neutralize incoming attacks. China, Russia, and North Korea have sharply criticized the plan, arguing it risks militarizing space, destabilizing global security, and sparking a new arms race. Critics question the system’s feasibility, high costs, and potential to escalate tensions, while the U.S. defends it as essential for homeland protection against growing missile threats from adversaries.
Tesla sales plunge 49% in Europe as Elon Musk’s firm faces brand crisis, China rival
3 minutes by Thomas Barrabi
Tesla’s sales in Europe dropped 49% in April 2025, with only 7,261 vehicles sold, as the company grapples with intense competition from Chinese electric vehicle makers like BYD, which is gaining market share with cheaper, innovative models. Elon Musk’s controversial political involvement, including his ties to U.S. President Donald Trump and support for far-right European parties, has fueled consumer backlash and vandalism against Tesla showrooms, further damaging the brand.
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China boosts BRICS cooperation in emerging industries
2 minutes by Ma Si
China is pushing for stronger BRICS cooperation in emerging fields like AI, smart manufacturing, and biopharmaceuticals, while prioritizing green technology partnerships in electric vehicles, solar, and hydrogen power, as stated by Vice-Minister Xiong Jijun at the Ninth BRICS Industry Ministers Meeting in Brasilia.
Singapore’s Strategic Pivot: Partnering with BRICS in a Multipolar World
10 minutes by Shiwen Yap
Singapore is strategically positioning itself to deepen ties with the BRICS bloc—Brazil, Russia, India, China, and South Africa—as a partner, not a full member, to navigate a multipolar world while maintaining its neutrality. This partnership offers access to BRICS’ vast markets, financial innovations like BRICS Pay, and infrastructure cooperation, enhancing Singapore’s role as a global economic and diplomatic bridge.
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Geopolitics to shape mining’s future: TNMG president
3 minutes by Mining.com
Geopolitics is increasingly shaping the mining industry’s future, with global powers like the U.S., China, and Russia forming "spheres of control" over critical minerals like copper and rare earths, as highlighted by TNMG president Anthony Vaccaro at the CentralMinEX conference in Newfoundland. Canada’s declining copper production and reserves underscore the need for strategic investments, particularly in regions like Newfoundland and Labrador, where new projects and facilities like Long Harbour offer opportunities.
Commentary: What Trump gets right about China
6 minutes by Yi Fuxian
Singapore’s economy grew 3.9% in Q1 2025, surpassing expectations, driven by global demand as businesses rushed to beat U.S. tariffs. However, a 0.6% quarter-on-quarter contraction raises recession risks. The government warns that U.S.-China trade tensions and Trump’s tariffs, including a 10% baseline rate on Singapore, could disrupt global trade, increase costs, and dampen growth, especially given Singapore’s heavy reliance on international trade.
Retailers pummeled by Trump's trade war entertain more 'take-private' offer
4 minutes by Reuters
U.S. retailers, battered by President Donald Trump’s unpredictable trade war and escalating tariffs, are increasingly considering "take-private" deals to escape volatile public markets, with Skechers’ $9.4 billion sale to 3G Capital sparking a trend. The uncertainty from shifting tariff policies has disrupted supply chains, frustrated earnings forecasts, and driven stock prices down, pushing companies like Under Armour and Columbia toward private ownership.
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