Copper futures fall on weak demand

Copper futures fall on weak demand
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Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.

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On the Multi Commodity Exchange, copper contracts for the September delivery eased 15 paise, or 0.03 per cent, to Rs 529.20 per kg in a business turnover of 5,010 lots.

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New Delhi: Copper prices on Wednesday slipped 15 paise to Rs 529.20 per kg as participants cut down their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for the September delivery eased 15 paise, or 0.03 per cent, to Rs 529.20 per kg in a business turnover of 5,010 lots.

Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.

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Copper futures fall on weak demand

In Break With Past, UAE And Bahrain Forge Ties With Israel At White House

In Break With Past, UAE And Bahrain Forge Ties With Israel At White House

The ceremony provided Donald Trump with valuable imagery as he tries to hold on to power in a November3 presidential election.

In Break With Past, UAE And Bahrain Forge Ties With Israel At White House

US President Donald Trump speaks prior to signing the Abraham Accords

Washington:

The United Arab Emirates and Bahrain signed agreements on Tuesday to establish formal ties with Israel, becoming the first Arab states in a quarter century to break a longstanding taboo, in a strategic realignment of Middle East countries against Iran.

US President Donald Trump hosted the White House ceremony, capping a dramatic month when first the UAE and then Bahrain agreed to reverse decades of ill will without a resolution of Israel's dispute with the Palestinians.

In front of a crowd of several hundred people on the White House lawn, Prime Minister Benjamin Netanyahu signed accords with Emirati Foreign Minister Sheikh Abdullah bin Zayed al-Nahyan and Bahrain's Foreign Minister Abdullatif Al Zayani.

The deals, denounced by the Palestinians, make them the third and fourth Arab states to take such steps toward normalizing relations since Israel signed peace treaties with Egypt in 1979 and Jordan in 1994.

Meeting Netanyahu earlier in the Oval Office, Trump said, "We'll have at least five or six countries coming along very quickly" to forge their own accords with Israel.

Later Trump told reporters a third Gulf Arab state, Saudi Arabia, would strike an agreement with Israel "at the right time." The Saudi cabinet stressed in a statement the need for a "just and comprehensive solution" to the Palestinian issue.

Saudi Arabia is the biggest Gulf Arab power. Its king is custodian of Islam's holiest sites and rules the world's largest oil exporter. Despite its own reluctance, the kingdom's quiet acquiescence to the agreements was seen as crucial.

"Change The Course Of History"

The ceremony provided Trump with valuable imagery as he tries to hold on to power in a November 3 presidential election. Flags of the United States, Israel, the UAE and Bahrain were in abundance.

"We're here this afternoon to change the course of history," Trump said from the White House balcony.

Trump called the deals "a major stride in which people of all faiths and backgrounds live together in peace and prosperity" and declared that the three Middle East countries "are going to work together, they are friends."

The back-to-back agreements mark an improbable diplomatic victory for Trump. He has spent his presidency forecasting deals on such intractable problems as North Korea's nuclear program only to find achievements elusive.

Bringing Israel, the UAE and Bahrain together reflects their shared concern about Iran's rising influence in the region and development of ballistic missiles. Iran criticized both deals.

All three of the Middle East leaders hailed the agreements and Trump's role in glowing terms, with Netanyahu saying it gave hope to "all the people of Abraham."

But the UAE and Bahraini officials both sought to reassure the Palestinians that their countries were not abandoning them or their quest for statehood in the West Bank and Gaza Strip, despite the Palestinian leadership having decried the deals as a betrayal of their cause.

In a sign that regional strife is sure to continue while the Israeli-Palestinian conflict remains unresolved, Palestinian militants fired rockets from Gaza into Israel during the ceremony, the Israeli military said.

Israel's Magen David Adom ambulance service said paramedics treated two men for light injuries from flying glass in Ashdod, and four others suffered shock.

"This is not peace, this is surrender in return for the continuation of the aggression," read a tweet posted on the Twitter account of the Palestine Liberation Organization.

Trump's Evangelical Support

With Trump seeking four more years, the accords could help shore up support among pro-Israel Christian evangelical voters, an important part of his political base.

Another target of the White House plans, in addition to Saudi Arabia, is Oman, whose leader spoke with Trump last week. Oman sent its ambassador to Tuesday's ceremony, a senior US official said. No Saudi representative attended.

Meeting the Emirati foreign minister before the ceremony, Trump thanked the UAE for being first in the Gulf to agree on normalizing ties with Israel and left little doubt the Iran issue was overhanging the event.

Trump predicted that Iran, under heavy US sanctions, would want to reach a deal with Washington, which has been trying to get it to renegotiate an international nuclear accord. Tehran shows no sign of budging.

Israel's pact with the UAE, titled "Treaty of Peace, Diplomatic Relations, and Full Normalization," was more detailed and went further than the Bahraini document, declaring peace between countries that never fought a war against each other.

Israel's agreement with Bahrain called for "full diplomatic relations" but avoided the term normalization.

Both documents cited the need to justly resolve the Israeli-Palestinian conflict but neither specifically mentioned a two-state solution.

In a nod to the coronavirus, the White House encouraged but did not require participants to wear masks. It was left to the leaders whether to shake hands, and they did not do so in public. Most people in the crowd did not wear masks.

Some differences remain despite warming ties. Trump said on Tuesday he would have no problem selling advanced stealth F-35 fighter jets to the UAE, which for years has sought to obtain them. Israel, which has the F-35, objects to such a sale.

Frustrated by the Palestinians' refusal to take part in Trump's Middle East peace initiative, the White House has sought to bypass them in hopes they will see the deals with the UAE and Bahrain as incentives, even leverage, for peace talks.

Speaking to Fox News hours before the ceremony, Trump predicted the Palestinians would eventually forge peace with Israel or else be "left out in the cold."

The Palestinian leadership has long accused Trump of pro-Israel bias and denounced the Arab rapprochement with Israel, even though Netanyahu agreed, in return for normalization with the UAE, to suspend a plan to annex parts of the occupied West Bank.

Although Israeli-Palestinian negotiations broke down in 2014, some Gulf Arab states and several other Arab countries have long had quiet, informal contacts with Israel.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Copper futures fall on weak demand

New Realme Smartphone Series Teased by Executive, May Come With Snapdragon 875 SoC | Technology News

New Realme Smartphone Series Teased by Executive, May Come With Snapdragon 875 SoC

Realme marketing chief Xu Qi Chase teases that the new series will have a 5nm-based flagship processor.

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New Realme Smartphone Series Teased by Executive, May Come With Snapdragon 875 SoC

Realme new phone series is tipped to come with 125W fast charging support

Highlights
  • Realme has confirmed that it is working on new phone series
  • Past reports suggest it will have Opp Ace series-like phones
  • Realme new series phone may be powered by Snapdragon 875 SoC

Realme may be working on a new smartphone powered by the Snapdragon 875 SoC. Xu Qi Chase, President of Global Marketing and Vice President at Realme, teased the arrival of a new series. He didn't offer any timeline for launch, but noted that the upcoming phone will be powered by a 5nm flagship chipset, which sounds likely to be the upcoming Snapdragon 875 SoC. The current Snapdragon 865 SoC range is based on the 7nm FinFET process.

Chase took to Weibo to share a new poster that details main series announced by Realme including the Q series, V series, and X series. The poster hints at a new smartphone range in the offing, and Chase writes that the new smartphone will incorporate a 5nm flagship processor. He is likely talking about the unannounced Snapdragon 875 SoC, which should be based on 5nm process, given that the Snapdragon 865 SoC is based on 7nm process. However, at this stage it is just an educated guess as the company has not given more details.

This same poster was leaked in the past with the claim that Oppo is discontinuing its Ace series after launching just two phones in it. In turn, Realme will look to introduce similar Ace-like high-performing phones in a new smartphone series. The branding of this series is not known yet, neither is there any information on the launch timeline.

Previous report also suggests that the phone in this series will have 125W fast charging support that was introduced by Oppo recently. The company claims that this fast charging tech is able to charge a 4,000mAh battery up to 41 percent in just five minutes and fully charge it in 20 minutes.


Is Realme TV the best TV under Rs. 15,000 in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts or RSS, download the episode, or just hit the play button below.

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Tasneem Akolawala Tasneem Akolawala is a Senior Reporter for Gadgets 360. Her reporting expertise encompasses smartphones, wearables, apps, social media, and the overall tech industry. She reports out of Mumbai, and also writes about the ups and downs in the Indian telecom sector. Tasneem can be reached on Twitter at @MuteRiot, and leads, tips, and releases can be sent to tasneema@ndtv.com. More
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