World News: Top 10 Stories You Need to Know – 9 June 2025"

 1. China and U.S. Begin High-Stakes Trade Talks in London

Senior delegations from the U.S. and China convened at Lancaster House today in London to address escalating tariff conflicts and export restrictions, especially on rare-earth minerals. Analysts hope the talks will build on a Geneva truce and restart détente.

Source: Reuters

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2. Global Markets Rally Ahead of Trade Negotiations

Asian stock markets rose as investor optimism grew ahead of the London trade discussions. The U.S. dollar eased and gold climbed, reflecting rising expectations of easing global tensions.

Source: Reuters

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3. Oil Prices Stable Despite Trade Uncertainty

Oil markets remained steady with Brent crude around $66.5/barrel and U.S. WTI near $64.6, as traders await today’s trade developments for direction.

Source: Reuters

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4. Global Auto Industry Raises Alarm Over Rare-Earth Shortages

Automakers face urgent supply issues as China’s controls on rare-earth magnets disrupt production. Executives are scrambling for alternatives, concerned about factory shutdowns ahead.

Source: Reuters

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5. Israel Seizes Gaza Aid Vessel Carrying Greta Thunberg

Israeli forces boarded a yacht attempting to break the Gaza naval blockade, carrying climate activist Greta Thunberg and humanitarian supplies. The crew was safely escorted to port.

Source: Reuters

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6. Elon Musk–Trump Feud Blamed on Accumulated Stress

Errol Musk, Elon’s father, stated the public spat between Elon Musk and President Trump stems from long-standing stress and anticipates the feud will soon be resolved.

Source: Reuters

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7. China’s May Export Growth Slows Sharply

Chinese exports contracted by 34.5% year-on-year in May due to sustained U.S. tariffs. Deflation at factory-gate levels deepened, pressuring China to offer new economic stimulus.

Source: Reuters

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8. UK Finance Minister to Meet China’s Vice-Premier

UK’s Rachel Reeves is set to meet Vice-Premier He Lifeng in London, aligning bilateral efforts with broader U.S.–China trade negotiations.

Source: Reuters

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9. Futures Up in Canadian Markets

Canada’s TSX futures rose due to strong metal prices and investor optimism tied to the London talks. Boosts in gold and copper helped equities rebound.

Source: Reuters  

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10. ICC World Test Championship Final Begins

Cricket’s pinnacle event at Lord’s will start on June 11 as Australia and South Africa face off in the World Test Championship final, showcasing top-tier talent.

Source: Reuters 

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