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The Eurozone's Composite PMI Output Index Preliminary Reading For October Was 51.9, A Four-month Low; The Services PMI Business Activity Index Preliminary Reading Was 51.7, A Two-month Low; The Manufacturing Output Index Preliminary Reading Was 52.4, A Four-month Low; And The Manufacturing PMI Preliminary Reading Was 52.4, A Three-month Low
The Central Bank Of Turkey Launched A Week-long Gold-to-lira Sell-side Swap Auction Using Traditional Methods, With A Volume Of 6 Tons
London Metal Exchange (LME): Lead Inventory Decreased By 1,800 Tons, Aluminum Inventory Decreased By 225 Tons, Zinc Inventory Decreased By 50 Tons, Tin Inventory Decreased By 50 Tons, Copper Inventory Increased By 800 Tons, And Nickel Inventory Remained Unchanged
Copper Inventories On The London Metal Exchange (LME) Increased By 800 Tonnes To 273,750 Tonnes
China's Ministry Of Finance: The Issuance Of The 6 Trillion Yuan Limit For Replacing Implicit Debt Has Reached 98.3%
Japanese Prime Minister Sanae Takaichi: I Will Instruct The Minister Of Industry To Begin A Review Of Gasoline Subsidies
China's Ministry Of Finance: Focusing On Key Aspects Such As Residents' Consumption, Private Investment, And Optimization Of Supply And Demand Structure, We Will Strengthen Forward-looking Research And Planning
Canadian Prime Minister Carney: Negotiations Regarding Canada's Participation In Turkey's Nuclear Power Project Have Entered A Critical Phase, And We May See A Final Decision By The End Of The Year, But That Depends On Ankara
Canadian Prime Minister Carney: "There Is A Great Chance" That Atkins Reallis Will Become A Partner In The Construction Of Turkey's Nuclear Power Plant
China's Ministry Of Finance: In The First Three Quarters, A Package Of Fiscal And Financial Policies To Promote Domestic Demand Supported New Loans Exceeding 28 Trillion Yuan In Related Fields
China's Ministry Of Finance: We Will Expedite The Work Related To The Advance Allocation Of Some Of The New Local Government Debt For 2027
Volkswagen's Head Of Labor Affairs, Cavalló, Said: "The Idea Of freezing Wages Across The Company Until 2030 Is Absurd."
Israeli Prime Minister Netanyahu Has Instructed The Israel Defense Forces And Security Forces To Immediately Besiege The City Of Hebron And To Prepare For A Complete Blockade Of The Entire Judah And Samaria Region Starting Today
Germany's Composite PMI Output Index Preliminary Reading For October Was 52.8, Down From 53.8 In September, Hitting A Two-month Low; The Services PMI Business Activity Index Preliminary Reading Was 51.7, Down From 52.9 In September, Hitting A Two-month Low; The Manufacturing Output Index Preliminary Reading Was 55.1, Down From 56.0 In September, Hitting A Three-month Low; And The Manufacturing PMI Preliminary Reading Was 54.2, Up From 53.9 In September, Hitting A Two-month High
China's Ministry Of Finance: The Policy Of Subsidizing Interest On Residential Housing Loans Has Been Implemented Smoothly And Has Shown Initial Results
Shanghai Futures Exchange: This Week, Copper Inventory Decreased By 19,606 Tons, Aluminum Inventory Decreased By 24,114 Tons, Zinc Inventory Decreased By 6,870 Tons, Lead Inventory Decreased By 23,761 Tons, Nickel Inventory Decreased By 1,160 Tons, Tin Inventory Decreased By 814 Tons, And Natural Rubber Inventory Increased By 2,732 Tons
India Has Issued Its Final Ruling In The First Sunset Review Of The Antidumping Investigation Into Natural Mica Pearlescent Industrial Pigments From China
The Indian Embassy In Yemen Reports That All 14 Indian Citizens Aboard The Yacht Involved In The Incident Off The Coast Of Yemen Are Safe And Sound

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A cornerstone of global security collapses as the New START treaty expires, leaving nuclear powers unchecked.
The last major nuclear arms control treaty between the United States and Russia has expired, after US President Donald Trump rejected a Russian proposal to voluntarily extend its limits for another year. The move dismantles a cornerstone of post-Cold War security, fueling warnings from arms control advocates of an accelerated global arms race.
On his Truth Social platform, Trump dismissed the idea of extending the New START treaty. "Rather than extend 'New START' ... we should have our Nuclear Experts work on a new, improved and modernized Treaty that can last long into the future," he wrote.
Opponents of the pact in the U.S. argue it limited America's ability to counter nuclear threats from both Russia and China. However, the treaty's expiration now leaves the world's two largest nuclear powers without verifiable limits on their arsenals for the first time in decades.
The standoff came after Russian President Vladimir Putin proposed that both nations continue to adhere to the 2010 accord's cap of 1,550 warheads on 700 delivery systems—including missiles, aircraft, and submarines—for one year.
New START was the final pillar in a series of arms control agreements dating back more than 50 years. It allowed for a single five-year extension, which Putin and former U.S. President Joe Biden agreed to in 2021.
Trump labeled New START "a badly negotiated deal" and claimed it was "being grossly violated." This appears to reference Putin's 2023 decision to suspend on-site inspections, a key verification measure. Putin had cited U.S. support for Ukraine in its war against Russia as justification for the suspension.
Despite the treaty's collapse, both sides have signaled a willingness to talk. Kremlin spokesman Dmitry Peskov stated Russia remains ready for dialogue if Washington responds constructively. Similarly, White House spokeswoman Karoline Leavitt confirmed that the U.S. would continue talks with Russia.
Security analysts warn that without a replacement for New START, the world is entering a more dangerous and unpredictable phase. The treaty’s inspection regimes provided a critical level of trust and transparency between the nuclear adversaries.
Without these guardrails, both the U.S. and Russia may feel compelled to operate on worst-case assumptions, creating an incentive to expand their arsenals. Key concerns include:
• A higher risk of miscalculation in a crisis.
• A loss of transparency and predictability, which underpins strategic stability.
• Increased pressure to build up nuclear forces.
This dynamic is complicated by China's rapidly growing nuclear arsenal. Trump has insisted that any new treaty must include Beijing, but China has consistently refused to join negotiations with Washington and Moscow. It argues its arsenal is a fraction of theirs, with an estimated 600 warheads compared to around 4,000 each for Russia and the U.S. On Thursday, China called the treaty's expiration regrettable and urged the U.S. and Russia to resume dialogue.
Negotiations were reportedly held in Abu Dhabi in the 24 hours leading up to the expiration, though they failed to produce an agreement. According to a report from Axios, it was unclear if any temporary adherence to the treaty's terms would have been formalized.
However, the talks were not a total failure. The U.S. military's European Command announced on Thursday that the U.S. and Russia had agreed in Abu Dhabi to resume a high-level military-to-military dialogue. Separately, Ukrainian President Volodymyr Zelensky noted that U.S.-backed peace talks with Russia would also continue after a round of discussions in the city.
In Moscow, the Russian Foreign Ministry declared the treaty no longer applied, freeing both sides to choose their next steps. While warning it was prepared to take "decisive military-technical countermeasures," the ministry affirmed it was also open to diplomacy. This warning seems directed at the possibility that the U.S. could now expand its own nuclear deployments by reversing steps taken to comply with New START.
A bipartisan U.S. commission recommended in 2023 that the country prepare to fight simultaneous wars with Russia and China and consider reloading some or all of its reserve warheads.
Ukraine, embroiled in war since Russia's 2022 invasion, condemned the treaty's demise. It described the event as a consequence of Russian efforts to "fragmentation of the global security architecture" and "another tool for nuclear blackmail."
Strategic nuclear weapons are long-range systems designed to strike an opponent's homeland in a full-scale war. Without an agreement, experts estimate both Russia and the U.S. could deploy hundreds of additional warheads within just a few years. As Karim Haggag, director of the Stockholm International Peace Research Institute, noted, "Transparency and predictability are among the more intangible benefits of arms control and underpin deterrence and strategic stability."
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