Asian stocks track Wall St gains, Seoul brushes off tariff threat

Asian markets rose Tuesday following gains on Wall Street, with tech firms leading Seoul to another record as investors brushed off Donald Trump’s threat to hike tariffs on South Korean goods.The yen held its gains after a two-day surge stoked by intervention talk, while geopolitical and economic uncertainty saw silver hit another fresh peak and gold hover just below its own high.Traders are also gearing up for a Federal Reserve policy meeting and earnings from tech titans, which will be pored over for an idea about sustainability of the AI investment surge.Equities enjoyed healthy buying despite the US president reverting to tariff threats, warning South Korea he would impose 25 percent tolls on goods including autos for falling short of expectations on an earlier pact struck with Washington.The announcement comes months after the two sides struck a trade and security deal following tense negotiations, setting levies at 15 percent.”South Korea’s Legislature is not living up to its Deal with the United States,” Trump wrote on his Truth Social platform.He added that he was increasing tariff rates “because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative.”The presidential office in Seoul said it had not been informed in advance but added that Trade Minister Kim Jung-kwan, currently in Canada, would head to Washington for talks with US Commerce Secretary Howard Lutnick.Trump’s outburst follows a warning to Canada on Saturday that it faced 100 percent levies if it signed a trade deal with China, days after backing down from a threat to hit several European countries with measures over their opposition to his grab for Greenland.Still, Seoul’s Kospi continued its run to fresh record highs, with observers pointing to the US president’s history of rowing back the worst of his threats.While carmakers slipped, tech firms ploughed higher with chipmaking giant SK hynix up more than five percent and Samsung Electronics up two percent.There were also big gains in Hong Kong, Shanghai, Sydney, Singapore, Taipei, Manila and Jakarta.Tech firms are enjoying a fresh boost ahead of earnings releases as traders continue to pile into all things AI.Magnificent Seven members Apple, Microsoft, Meta and Tesla are due this week, with other bellwethers including Texas Instruments, Boeing and Mastercard providing an idea about the state of the economy.However, with questions being asked about the amount of cash being invested in artificial intelligence, there is a little nervousness on trading floors about when profits will be realised.”The AI capex cycle is increasingly colliding with the real world: debt markets, power grids, and regulation,” wrote Matt Weller, head of market research at City Index.He added that “2026 capex estimates for the largest ‘hyperscalers’ is widely forecast to hit the $600 bn+ range, driven primarily by AI infrastructure. At the same time, major tech firms have leaned more heavily into debt issuance to fund the infrastructure race”.”This matters for earnings because the market’s attention is moving from ‘who spends the most’ to ‘who can sustain the spend without eroding free cash flow’, especially if AI monetisation takes longer than expected.”Developments in Washington are also being followed after some senators warned they would vote against upcoming spending bills following the second killing of a US citizen in Minneapolis, threatening another possible government shutdown.The dollar remained under pressure after its latest selloff sparked by talk of a joint intervention between US and Japanese authorities to support the yen.And in corporate news, Hong Kong-listed shares in China’s Zijin Gold International rose more than one percent after it agreed to buy Allied Gold, which owns gold mines in Africa, for US$4 billion. Its parent, Zijin Mining Group, soared more than six percent.Zijin Gold’s shares have tripled since listing in September. – Key figures at around 0230 GMT -Tokyo – Nikkei 225: UP 0.3 percent at 53,017.71 (break)Hong Kong – Hang Seng Index: UP 1.3 percent at 27,123.67Shanghai – Composite: UP 0.1 percent at 4,137.56Dollar/yen: UP at 154.26 yen from 153.98 yen on MondayEuro/dollar: DOWN at $1.1877 from $1.1883Pound/dollar: DOWN at $1.3677 from $1.3682Euro/pound: DOWN at 86.84 from 86.85 penceWest Texas Intermediate: DOWN 0.5 percent at $60.35 per barrelBrent North Sea Crude: DOWN 0.6 percent at $65.23 per barrel

Kristi Noem, l’incarnation de la ligne dure du gouvernement Trump sur l’immigration

Posant sans complexe devant des détenus entassés dans une tristement célèbre mégaprison salvadorienne, Kristi Noem incarne jusqu’à la caricature l’inflexibilité de l’administration Trump face à l’immigration clandestine. Mais les méthodes musclées de la ministre de la Sécurité intérieure sont de plus en plus critiquées.La disgrâce de l’ancienne gouverneure du Dakota du Sud (nord), âgée de …

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Israel returns remains of last Gaza hostage Ran Gvili

Israeli forces brought home on Monday the remains of Ran Gvili, the last hostage held in Gaza, finally closing the chapter on a painful saga that has haunted Israeli society since Hamas’s October 7, 2023 attack.Militants took 251 hostages to Gaza that day, and the process of returning them has dragged over the course of the ensuing war in a series of ceasefire and prisoner-swap deals as well as efforts to rescue them militarily.The most recent set of hostage handovers was part of the US-backed Gaza ceasefire deal that took effect on October 10, aiming to halt more than two years of fighting that has devastated the Palestinian territory.The return of Gvili’s remains paves the way for a limited reopening of the Rafah crossing between Gaza and Egypt, a key entry point for aid into Gaza.Israeli Prime Minister Benjamin Netanyahu had signalled pedestrian crossings would resume at Rafah, subject to Israeli inspections, once every hostage had been recovered.Gvili’s coffin was accompanied by a convoy of cars with blaring sirens and flashing lights, passing civilians waving Israeli flags on the side of the road.At a ceremony held at a military base near Gaza, the slain police officer’s father, Ytzik Gvili, addressed his son’s coffin, saying: “You should see the honours we’re giving you here.””I’m proud of you my son,” he added.Netanyahu lauded Gvili as “a hero of Israel”.Hamas said it provided information on the location of Gvili’s body, and spokesman Hazem Qassem said Monday that his recovery “confirms Hamas’s commitment to all the requirements of the ceasefire agreement”.The first phase of the US-backed deal stipulated the return of every hostage, and Gvili’s family had opposed moving on to the second phase before they had received his remains.Reopening Rafah forms part of the truce framework announced by US President Donald Trump.- Killed in action -Gvili’s mother Talik called her son’s return “amazing”.”He’s finally coming home, we can’t believe it,” she told Israel’s public broadcaster KAN. “They found him intact, dressed in his uniform.”Footage released by the military showed Gvili’s coffin draped in an Israeli flag and surrounded by soldiers singing the national anthem.”With this, all hostages have been returned from the Gaza Strip to the State of Israel,” the Israeli military said in a statement announcing it had definitively identified Gvili’s remains.The 24-year-old Israeli police officer in the elite Yassam unit was on medical leave ahead of shoulder surgery when Hamas launched its deadly 2023 attack in southern Israel, but grabbed his gun and raced towards the area.Nicknamed the “Defender of Alumim” by his family and the kibbutz of that name, Gvili was killed in combat and Hamas militants took his body to Gaza.- ‘Many difficult years’ -Israeli President Isaac Herzog celebrated Gvili’s return, saying that “for the first time since 2014, there are no Israeli citizens held hostage in Gaza. An entire nation prayed and waited for this moment.”Prior to October 2023, two civilian hostages and the bodies of two Israeli soldiers killed in previous wars were being held in the territory.US President Donald Trump offered his congratulations on his Truth Social platform, adding: “Most thought of it as an impossible thing to do.”Netanyahu said on Monday that Israel was now “at the doorstep of the next phase” of the deal, which involves “disarming Hamas and demilitarising the Gaza Strip”.While the ceasefire plan demands the group’s disarmament in the second phase, Hamas has so far refused to commit.- ‘True friend’ -The Israeli group representing the families of hostages held in Gaza described Gvili as “a true friend, loved by everyone”.The Hostages and Missing Families Forum has worked throughout the war to keep the plight of the captives in the public eye, organising regular rallies at a plaza in Tel Aviv now known as Hostages Square, where supporters gathered again on Monday evening.”I’m very emotional,” said Orna Cheled, 70, who was wearing a pendant shaped like a yellow ribbon, a symbol of the hostages. “I’ve been wearing this with me throughout this whole period and tomorrow I’m removing it, because (Gvili) will be laid to rest with dignity, in the country he loved so much.”Central Gaza’s Al-Aqsa Martyrs hospital said on Monday it had received nine living Palestinian detainees released by Israel after Gvili’s recovery.Hamas’s 2023 attack on Israel resulted in the deaths of 1,221 people, according to an AFP tally based on official Israeli figures.Israel’s retaliation has left at least 71,660 people dead in Gaza, according to the territory’s health ministry, which operates under Hamas authority and whose figures are considered reliable by the United Nations.

US immigration agents face backlash after Minneapolis killings

The fatal shooting of two civilians in Minneapolis has reignited accusations that federal agents enforcing US President Donald Trump’s militarized immigration crackdown are inexperienced, under-trained and operating outside law enforcement norms.The deaths of US citizens Renee Good and Alex Pretti, both 37, on the streets of Minneapolis in broad daylight “should raise serious questions within the administration about the adequacy of immigration enforcement training and the instructions officers are given on carrying out their mission,” said Lisa Murkowski, a Republican senator from Alaska.Minnesota’s Democratic Governor Tim Walz said Sunday the Trump administration needs to “pull these 3,000 untrained agents out of Minnesota before they kill another person.”Minneapolis has become the latest epicenter of Trump’s immigration crackdown — a top domestic priority this term — with the Department of Homeland Security’s federal agents carrying out patrols and raids.Thousands of masked agents from Immigration and Customs Enforcement (ICE) and Customs and Border Patrol (CBP) have been roving Minneapolis streets, despite protest of local leaders and residents in the wake of the killings and conflicts that occur in the course of their enforcement activities.”These untrained, masked agents aren’t making communities safer — they’re occupying cities, inciting violence, and violating the Constitution,” wrote New Jersey governor Mikie Sherrill, a Democrat, in a post on X.- ‘Streamlined training’ -A national recruitment campaign for ICE — promising $50,000 bonuses for new signups amid a flood of increased Congressional funding — has seen the controversial force more than double in size, rising to 22,000 from 10,000, according to DHS figures.The glut of new recruits has caused the standard training course to be shortened from five months to 42 days, causing backlash and accusations of under-training agents before giving them firearms.DHS in a statement released Thursday defended the changes, saying it “has streamlined training to cut redundancy and incorporate technology advancements without sacrificing basic subject matter content.”The six-week training program focuses on “arrest techniques, defensive tactics, conflict management and de-escalation techniques, extensive firearms and marksmanship training, use of force policy and the proper use of force,” DHS said, denouncing the criticism as “smears and lies.”However, a report in US magazine The Atlantic said one ICE official found many candidates who became agents under the expansion “would have been weeded out during a normal hiring process,” with some appearing physically unfit for the demands of the job.- Unprepared -Even with the critiques of poor training, federal authorities have said the agents who shot and killed Good and Pretti were veterans of the force, with multiple years under the belt.John Sandweg, who served as acting ICE director under former president Barack Obama, said the lack of preparedness for ICE and CBP agents, especially when faced with protesters, “created a very high-risk situation.”He added that dispatching Border Patrol agents to control crowds in Minneapolis “is just so far outside of their normal experiences. They work at dawn in the middle of the Arizona desert, in the middle of the night.””There’s a thin line between what constitutes impeding a federal officer doing his job and what is protected First Amendment activity. But we’re using Border Patrol agents who just never have to encounter that,” he continued.”You put those agents en masse in a city like Minneapolis, you encourage them, you talk about ‘absolute immunity,'” Sandweg said, referencing Vice President JD Vance’s characterization of the agent who shot and killed Renee Good, “you talk about how these are domestic terrorists they are confronting, how everything that impedes them is a crime, and — I hate to say it — this is what you need to expect to happen.”

Canada’s Marineland gets ‘conditional approval’ to sell whales to US

Canada’s federal government on Monday gave Marineland conditional approval to sell its 30 imperilled beluga whales to parks in the United States, after rejecting an export request to China.Marineland, a once lucrative tourist attraction near Niagara Falls, has said it is in deep financial trouble, cannot afford to care for the whales, and will be forced to euthanize them if it can’t find them a new home.The park has been mired in controversy for years. Twenty animals, including 19 belugas, have died there since 2019, according to a tally by The Canadian Press.Marineland, which is closed to visitors, thought it had a solution last year when it forged a plan to sell the whales to the Chimelong Ocean Kingdom, a lavish theme park in China.Fisheries Minister Joanne Thompson rejected that plan, saying it would perpetuate the whales’ exploitation.Marineland presented Ottawa with a new plan last week to sell the 30 whales to a series of parks in the United States.”Today, I met with Marineland regarding their proposal to export the remaining whales to US facilities,” Thompson said in a statement.”I provided conditional approval,” Thompson said, adding that final permits would be granted once Marineland provides additional information.Marineland has said all the beluga deaths at the park resulted from natural causes, but animal welfare officials from the province of Ontario have been investigating the park for several years.

L’ex-président philippin Duterte interrogé le 23 février par la Cour pénale internationale

L’ancien président philippin, Rodrigo Duterte, accusé de crimes contre l’humanité lors de sa guerre contre les consommateurs et trafiquants de drogue, sera interrogé le 23 février par la Cour pénale internationale (CPI) qui a rejeté les arguments selon lesquels l’octogénaire n’était pas apte à comparaître.Président des Philippines de 2016 à 2022, M. Duterte, âgé aujourd’hui …

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Bourses mondiales: l’Europe reste prudente, Wall Street avance sans crainte

Les Bourses mondiales ont évolué dans des directions divergentes lundi, les places européennes restant sur la défensive tandis que Wall Street s’est montrée impatiente d’accueillir les résultats des géants de la tech.A New York, le Dow Jones a pris 0,64%, l’indice Nasdaq 0,43% et l’indice élargi S&P 500 a gagné 0,50%.”Il y a une légère …

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L’Europe ne peut pas se défendre sans les Etats-Unis, affirme le patron de l’Otan

L’Europe ne peut pas se défendre seule, sans l’aide des Etats-Unis, ils ont besoin l’un de l’autre, a affirmé lundi le secrétaire général de l’Otan Mark Rutte devant le Parlement européen à Bruxelles.”Et si quelqu’un pense encore ici que l’Union européenne, ou l’Europe dans son ensemble, peut se défendre sans les Etats-Unis, continuez de rêver. …

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Femmes et enfants dénudés par l’IA Grok : l’UE ouvre une enquête visant le réseau social X

La Commission européenne a annoncé lundi l’ouverture d’une nouvelle enquête visant le réseau social d’Elon Musk, X, en raison des images de mineurs et de femmes faussement dénudés, générées par Grok, son assistant d’intelligence artificielle.L’Europe ne “tolérera pas les comportements insensés” des plateformes numériques, comme ces “fausses images” de femmes et d’enfants dénudés par l’IA, …

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