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S. Korea plans extra $4.9 bn help for chips amid US tariff anxiety

South Korea on Tuesday announced plans to invest almost $5 billion extra in the country’s semiconductor industry, citing “growing uncertainty” over US tariffs.The country is a major exporter to the United States and its powerhouse chip and auto industries would suffer a hefty hit from President Donald Trump’s threatened 25 percent levies.Concerns about the sector …

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Iran’s top diplomat to visit Russia after US nuclear talks

Iran’s foreign minister is to visit ally Russia this week to discuss nuclear negotiations with the United States, ahead of a new round of talks planned between the foes.On Saturday, Abbas Araghchi held talks with US Middle East envoy Steve Witkoff in Oman — the highest-level discussions since the 2015 nuclear accord collapsed.”The first meeting was positive, constructive, compelling,” Witkoff said in a Fox News interview on Monday. Any nuclear deal between the United States and Iran “is going to be much about verification on the enrichment programme”, he said, appearing to stop short of calling for a complete dismantling of Tehran’s nuclear programme.US President Donald Trump, who withdrew from the 2015 deal, has brought Iran back into the spotlight since returning to office in January.In March, he sent a letter to Iran’s supreme leader Ayatollah Ali Khamenei, calling for nuclear talks and warning of possible military action if Tehran refused.Western countries, including the United States, have long suspected Iran of pursuing nuclear weapons, an allegation Tehran has consistently denied, insisting its programme is for peaceful purposes.Russia, a close ally of Iran and party to the 2015 deal, and China have engaged with Tehran in recent weeks over its nuclear programme.”Dr Araghchi will travel to Moscow at the end of the week,” said foreign ministry spokesman Esmaeil Baqaei, adding that the pre-planned trip would be “an opportunity to discuss the latest developments related to the Muscat talks”.Russian foreign ministry spokeswoman Maria Zakharova said Araghchi would meet his Russian counterpart Sergei Lavrov and other officials.Iran and the United States have both described Saturday’s discussions as “constructive”. Moscow welcomed the Iran-US talks as it pushed for a diplomatic solution and warned that military confrontation would be a “global catastrophe”.Another round of talks between Iran and the United States is to be held in Oman on Saturday, the foreign ministry spokesman told the official IRNA news agency. Rome had earlier been cited as a possible venue.- ‘Red lines’ -Baqaei said the next set of talks would continue to be indirect with Omani mediation, adding that direct talks were “not effective” and “not useful”. Oman’s foreign minister shuttled between the two delegations at the last talks.Baqaei had previously said the only focus of the next talks would be “the nuclear issue and the lifting of sanctions”, and that Iran “will not have any talks with the American side on any other issue”.Late Sunday, IRNA reported that Tehran’s regional influence and its missile capabilities were among its “red lines” in the talks.Washington reinstated biting sanctions on Tehran following its withdrawal from the 2015 deal three years later.Iran continued to adhere to the agreement for a year after Trump’s withdrawal but later began rolling back its compliance.Iran has consistently denied it is seeking nuclear weapons.Trump addressed reporters on Monday regarding Iran, saying “I’ll solve that problem” and “That’s almost an easy one”.However, it remains unclear whether his remarks referred specifically to nuclear negotiations or broader issues involving the Islamic republic.Baqaei reiterated that Iran would host United Nations nuclear watchdog chief Rafael Grossi in the coming days but noted that the details of his trip were still “to be decided on”.In a post on X, Grossi confirmed that he would be heading to Tehran “later this week”.”Continued engagement and cooperation with the Agency is essential at a time when diplomatic solutions are urgently needed,” he said.IRNA later reported that Grossi would arrive on Wednesday and meet Araghchi and Mohammad Eslami, the head of Iran’s nuclear energy agency.The head of the International Atomic Energy Agency last visited Iran in November when he held talks with top officials, including President Masoud Pezeshkian.In its latest quarterly report in February, the IAEA said Iran had an estimated 274.8 kilograms (605 pounds) of uranium enriched to up to 60 percent, which far exceeds the 3.67 percent limit set under the 2015 deal and is much closer to the 90 percent threshold required for weapons-grade material.

Disarming Lebanon’s Hezbollah no longer inconceivable: analysts

The once unthinkable disarmament of Hezbollah could finally be within reach, as the United States pushes Lebanon to act and applies pressure to the group’s backer Iran over its nuclear programme, analysts said.Hezbollah was left badly weakened by more than a year of hostilities with Israel, beginning with the group’s campaign of rocket fire at its arch-foe in support of ally Hamas, and culminating in a major Israeli bombing campaign and ground incursion into Lebanon.In the months after the war, which devastated parts of the country and killed many of the movement’s top leaders, Lebanon elected a president and formed a government after a more than two-year vacuum as the balance of power shifted.The war “clearly changed the situation on ground in Lebanon”, said David Wood from the International Crisis Group.”It’s conceivable to think that Hezbollah could move towards disarmament and potentially even participate in that process willingly,” Wood told AFP.Hezbollah was the only group that refused to disarm after Lebanon’s 1975-1990 civil war. Bolstered by an arsenal once considered more powerful than that of the Lebanese army, it long presented itself as the country’s best line of defence against Israeli aggression. But both its stockpiles and its senior leadership were sapped by the conflict, with longtime leader Hassan Nasrallah among the commanders killed.Under a November 27 truce, Hezbollah was to withdraw its fighters to the north of Lebanon’s Litani River and dismantle any remaining military infrastructure in the south, while the Lebanese army was to deploy in the area.Israel was meant to withdraw its troops, but it still remains in five points it deems “strategic” and conducts regular strikes on what it says are mostly Hezbollah targets.A source close to Hezbollah told AFP that the group had ceded to the Lebanese army around 190 of its 265 military positions identified south of the Litani.Visiting US deputy special envoy for the Middle East Morgan Ortagus, who is spearheading Washington’s campaign to pressure the Lebanese government to disarm Hezbollah, this month said it should happen “as soon as possible”.Lebanese President Joseph Aoun, who has pledged a state monopoly on bearing arms, has said the issue requires national dialogue.- ‘Inevitable’? -Hezbollah — which was established after a 1982 Israeli invasion — has already agreed to significant political compromises this year, including declining to stand in the way of the selection of the new president.Hanin Ghaddar from The Washington Institute told AFP that Hezbollah’s disarmament was “inevitable”.The only alternative to the Lebanese state disarming the group “is that Israel is going to do it” militarily, said Ghaddar, a critic of the group.Retired south Lebanon intelligence chief General Ali Shahrour said after Hezbollah’s recent setbacks “it is certainly not in its interest to engage in any war (with Israel) or confrontation against the (Lebanese) state” in opposition to disarmament.He said talks between Hezbollah’s patron Iran and the United States on curbing Tehran’s nuclear programme would impact Iran-backed groups across the region.Those negotiations kicked off last weekend, with US President Donald Trump threatening military action against Iran if they failed to reach a deal.Several Hezbollah officials have said the group is ready for dialogue on Lebanon’s defence strategy, including the issue of the group’s weapons, but is not prepared to surrender them now.Ghaddar said current Hezbollah leader Naim Qassem and the chief of its parliamentary bloc, Mohammed Raad, likely wanted “to play the time game” to avoid disarmament.Hezbollah wants “to survive” as a military institution, she said, adding any internal divisions would centre on “how to go about it”.Several experts said Israel’s ongoing troop presence along the border played into the group’s hands.”The Israelis are certainly providing Hezbollah with justification to retain its weapons,” said Shahrour, the retired intelligence official.- US-Iran talks -The source close to Hezbollah, who spoke on condition of anonymity, said Lebanon’s army lacked “the military capability to defend the south” against Israel.They accused Washington of insisting Hezbollah’s rockets be destroyed, rather than confiscated, in order to keep Lebanon’s army weak.The Crisis Group’s Wood said Beirut’s options included dismantling Hezbollah’s military infrastructure or integrating its weapons and fighters into the regular army.The “safest approach” is “to move cautiously and take time”, he said.”It is possible that Iran would seek to trade its support for regional allies, including Hezbollah, for concessions in negotiations with the US,” Wood added.Karim Bitar, a lecturer in Middle East Studies at the Sciences Po university in Paris, said the issue of what should come first — Israel’s full withdrawal or Hezbollah’s disarmament — was “a chicken and egg situation”.Hezbollah would likely surrender some heavy weapons while denying responsibility for arms held by individuals aligned with the group, he told AFP.”In the absence of an Iranian green light, I doubt that Hezbollah would willingly relinquish its weapons to the Lebanese army, even if they are offered to form an autonomous battalion within the Lebanese army,” he said.”A lot of this will depend on the US-Iranian negotiations.”

Chinese EV battery giant CATL posts 33% surge in Q1 profit

The world’s leading maker of electric vehicle batteries, Chinese firm CATL, posted a 32.9 percent jump in first quarter profit, even as demand for electric vehicles slows.The firm produces more than a third of all electric vehicle (EV) batteries sold worldwide, cooperating with major brands including Tesla, Mercedes-Benz, BMW and Volkswagen.Founded in 2011 in the …

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China’s economy likely grew 5.1% in Q1 on export surge: AFP poll

China is expected to post first-quarter growth of around five percent on Wednesday, buoyed by exporters rushing to stave off higher US tariffs but still weighed by sluggish domestic consumption, analysts say.Beijing and Washington are locked in a fast-moving, high-stakes game of brinkmanship since US President Donald Trump launched a global tariff assault that has …

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