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Trump softens on Zelensky, says mineral deal coming ‘soon’

Trump softens on Zelensky, says mineral deal coming ‘soon’
US President Donald Trump and Ukraine's President Volodymyr Zelensky meet in the White House in Washington, DC, on Feb. 28, 2025. (AFP)
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Updated 18 April 2025

Trump softens on Zelensky, says mineral deal coming ‘soon’

Trump softens on Zelensky, says mineral deal coming ‘soon’
  • “I’m not blaming him, but what I am saying is that I wouldn’t say he’s done the greatest job, OK? I am not a big fan,” Trump said
  • He made the statement alongside visiting Italian PM Meloni, who has thrown Italy’s weight behind European efforts to help Ukraine

WASHINGTON: US President Donald Trump on Thursday said he does not hold Volodymyr Zelensky “responsible” for Russia’s invasion of his country but continued to criticize the pro-Western Ukrainian leader.
Trump has repeatedly made the false claim that Ukraine started the war and this week accused Zelensky of responsibility for “millions” of deaths.
“I don’t hold Zelensky responsible but I’m not exactly thrilled with the fact that that war started,” Trump said at the White House alongside visiting Italian Prime Minister Giorgia Meloni.
“I’m not blaming him, but what I am saying is that I wouldn’t say he’s done the greatest job, OK? I am not a big fan.”
Zelensky earlier this week invited Trump to visit Ukraine to see the devastation wrought by the war for himself, in a Sunday interview with CBS that Trump responded to with threats against the TV network.
His invitation followed a heated row at the White House in late February between the Ukrainian president, Trump and US Vice President JD Vance, which played out in front of the media.
Meloni told reporters that “we’ve been defending freedom of Ukraine together, together we can build a just and lasting peace. We support your efforts.”
The far-right leader has thrown Italy’s weight behind European efforts to shore up Ukraine’s defenses since the full-scale Russian invasion began in February 2022.
Trump added Thursday that a deal with Ukraine on extracting the war-wracked country’s strategic minerals could be reached next week.
Kyiv and Washington had been close to signing a deal until the February clash between Trump and Zelensky temporarily derailed work on the agreement.
“We have a minerals deal which I guess is going to be signed on Thursday... next Thursday. Soon. And I assume they’re going to live up to the deal. So we’ll see. But we have a deal on that,” Trump said.
Ukraine’s Economy Minister Yulia Svyrydenko said in an X post Thursday that Kyiv had signed a “Memorandum of Intent” with Washington on a planned “Investment Fund for the Reconstruction of Ukraine.”
Svyrydenko did not provide any details on the memorandum.
“There is a lot to do, but the current pace and significant progress give reason to expect that the document will be very beneficial for both countries,” she added.
Treasury Secretary Scott Bessent told AFP that a deal is targeted for April 26.


Pakistan raises over $4.2 billion in bond auction, launches first 15-year zero coupon issue

Pakistan raises over $4.2 billion in bond auction, launches first 15-year zero coupon issue
Updated 3 min 5 sec ago

Pakistan raises over $4.2 billion in bond auction, launches first 15-year zero coupon issue

Pakistan raises over $4.2 billion in bond auction, launches first 15-year zero coupon issue
  • Muhammad Aurangzeb calls it a major step toward making Pakistan’s financial system resilient
  • He says the country is introducing new, smart ways of borrowing by giving investors more options

KARACHI: Pakistan raised more than Rs1.2 trillion ($4.2 billion) in a government bond auction on Wednesday, including the launch of its first-ever 15-year zero coupon bond, in a move the finance ministry said marked a shift toward longer-term and more diversified debt instruments.

The new zero coupon bond, which does not pay periodic interest but offers a lump sum at maturity, garnered strong investor demand and raised over Rs47 billion ($164.5 million).

The instrument is part of the government’s broader debt management strategy aimed at reducing short-term refinancing risk, encouraging Islamic finance and expanding the country’s long-term investment landscape.

“This is a major step forward in making Pakistan’s financial system stronger and more resilient,” the country’s finance minister, Muhammad Aurangzeb, said in a statement.
“We are introducing new, smart ways of borrowing that reduce risk and give investors more options,” he added. “Our aim is to manage public debt responsibly, promote Islamic finance and attract more long-term investment to support the country’s economic growth.”

The ministry noted the auction saw declining yields across other government securities, reflecting market optimism over moderating inflation and expectations of lower interest rates.

It said the average maturity of domestic debt had also risen from 2.7 years to 3.75 years, easing near-term repayment pressure.

The ministry noted the investor base was also broadening, with more participation from pension funds and insurance companies in addition to commercial banks.

It maintained the diversification helps distribute financial risk and deepen Pakistan’s local capital markets.

Officials also informed additional savings instruments for ordinary citizens, particularly Shariah-compliant bonds, are in development to foster retail investment and financial inclusion.

Despite ongoing global economic uncertainty, the ministry said the auction results reflect renewed investor confidence in Pakistan’s economic direction and reform efforts.


Israel’s military warns people to evacuate the area around Iran’s Arak heavy water reactor

Israel’s military warns people to evacuate the area around Iran’s Arak heavy water reactor
Updated 47 min 38 sec ago

Israel’s military warns people to evacuate the area around Iran’s Arak heavy water reactor

Israel’s military warns people to evacuate the area around Iran’s Arak heavy water reactor
  • Heavy water helps cool nuclear reactors and produces plutonium as a byproduct that can potentially be used in nuclear weapons

DUBAI: Israel’s military warned people Thursday to evacuate the area around Iran’s Arak heavy water reactor.
The warning came in a social media post on X. It included a satellite image of the plant in a red circle like other warnings that proceeded strikes.
The Arak heavy water reactor is 250 kilometers (155 miles) southwest of Tehran.
Heavy water helps cool nuclear reactors, but it produces plutonium as a byproduct that can potentially be used in nuclear weapons. That would provide Iran another path to the bomb beyond enriched uranium, should it choose to pursue the weapon.
Iran had agreed under its 2015 nuclear deal with world powers to redesign the facility to relieve proliferation concerns.
In 2019, Iran started up the heavy water reactor’s secondary circuit, which at the time did not violate Tehran’s 2015 nuclear deal with world powers.
Britain at the time was helping Iran redesign the Arak reactor to limit the amount of plutonium it produces, stepping in for the US, which had withdrawn from the project after President Donald Trump’s decision in 2018 to unilaterally withdraw America from the nuclear deal.
The International Atomic Energy Agency, the United Nations’ nuclear watchdog, has been urging Israel not to strike Iranian nuclear sites. IAEA inspectors reportedly last visited Arak on May 14.
Due to restrictions Iran imposed on inspectors, the IAEA has said it lost “continuity of knowledge” about Iran’s heavy water production — meaning it could not absolutely verify Tehran’s production and stockpile.


US officials preparing for possible strike on Iran in coming days, Bloomberg reports

US officials preparing for possible strike on Iran in coming days, Bloomberg reports
Updated 55 min 13 sec ago

US officials preparing for possible strike on Iran in coming days, Bloomberg reports

US officials preparing for possible strike on Iran in coming days, Bloomberg reports
  • Trump declined to say if he had made any decision on whether to join Israel’s campaign

WASHINGTON: Senior US officials are preparing for the possibility of a strike on Iran in the coming days, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The report, citing the people, noted that the situation is still evolving and could change. Some of the people, according to Bloomberg, pointed to potential plans for a weekend strike.
Speaking to reporters earlier on Wednesday outside the White House, Trump declined to say if he had made any decision on whether to join Israel’s campaign. “I may do it. I may not do it. I mean, nobody knows what I’m going to do,” he said.


Draper survives scare to reach Queen’s quarterfinals

Draper survives scare to reach Queen’s quarterfinals
Updated 19 June 2025

Draper survives scare to reach Queen’s quarterfinals

Draper survives scare to reach Queen’s quarterfinals
  • If Draper can reach the Queen’s semifinals for the first time after two previous last-eight exits, he will be guaranteed to be seeded fourth at Wimbledon
  • Danish fourth seed Holger Rune fought back to seal a 2-6, 6-1, 6-1 victory over American Mackenzie McDonald

LONDON: British second seed Jack Draper survived a scare to reach the Queen’s Club quarterfinals with a gritty 3-6, 6-2, 7-6 (7/5) win over Australia’s Alexei Popyrin on Wednesday.

Draper was rocked by the world No. 21 in the first set of the second-round tie at the Wimbledon warm-up event.

But the 23-year-old hit back to level the match before taking the final set tie-break to complete his comeback in a tense encounter lasting two hours and 13 minutes in searing heat in west London.

Earlier in his career, such a test of endurance would have been too much for Draper, but he believes he is made of sterner stuff these days.

“Before I felt like my energy wasn’t that strong, and I felt like I looked like a bit of a Ferrari but I was a bit of a Toyota, like broke down quite easy,” Draper said.

“Now I’m starting to feel generally stronger and confident in myself.

“I have felt better and better every Grand Slam I have played.”

Draper, who reached the US Open semifinals last year, is hoping to make a strong run at Wimbledon this year after failing to get past the second round in his previous three appearance.

The Londoner has made the last 16 at both the Australian and French Opens this year, rising to sixth in the ATP rankings.

If Draper can reach the Queen’s semifinals for the first time after two previous last-eight exits, he will be guaranteed to be seeded fourth at Wimbledon when the grass-court Grand Slam gets underway on June 30.

After losing the first set against Popyrin, Draper’s powerful ground-stroke dragged him level with a double break in the second set.

Popyrin clung on valiantly, saving two match points as he served at 4-5 in the final set.

In the tiebreak he led 4-2, pushing Draper to the brink of a shock defeat.

But the Briton delighted the home crowd as he won five of the last six points, clinching the victory with an ace.

Draper will play Brandon Nakashima in the quarterfinals after the American beat Britain’s Dan Evans 7-5, 7-6 (7/4).

On the day he was awarded a wild card entry into Wimbledon, the 35-year-old Evans was unable to emulate his surprise first-round win against Frances Tiafoe.

In Wednesday’s other matches, Danish fourth seed Holger Rune fought back to seal a 2-6, 6-1, 6-1 victory over American Mackenzie McDonald.

Rune, who reached the Wimbledon quarterfinals in 2023, plays Roberto Bautista Agut in the quarterfinals after the Spaniard beat Czech eighth seed Jakub Mensik 3-6, 6-3, 7-5.


Amy Yang looks to repeat at Women’s PGA in wide-open field

Amy Yang looks to repeat at Women’s PGA in wide-open field
Updated 19 June 2025

Amy Yang looks to repeat at Women’s PGA in wide-open field

Amy Yang looks to repeat at Women’s PGA in wide-open field
  • Yang: That experience (2024 victory) taught me that I can do it. I can still do it
  • The entire top 25 in the Rolex Rankings are in the field

FRISCO, Texas: The LPGA has a new commissioner on the way, a new course to play and no shortage of parity as it marks the halfway point of the season at the KPMG Women’s PGA Championship, which begins Thursday in Frisco, Texas.

It’s an important time on the women’s golf calendar for more reasons than one. Three of the next five events are major championships, and no one is running away with the season-long points competition, the Race to the CME Globe.

Through 15 tournaments in 2025, 15 different players have claimed a title, none of them named Nelly Korda. The first two majors were won by first-timers with scant previous experience in the United States — Japan’s Mao Saigo at the Chevron Championship, followed by Sweden’s Maja Stark at the US Women’s Open.

Korda is World No. 1 and entered the week as the slight betting favorite to win what would be her third major. However, she revealed that she suffered a neck spasm on Monday from hitting a practice shot out of the rough. It was concerning, given she missed time last fall with a neck injury.

“But I have a great physio who takes care of me,” Korda went on to say. “Trying to work through it, but I’ll be ready by Thursday.”

For Korda, it was far from a friendly welcome to PGA Frisco, the new resort that also serves as the PGA of America’s headquarters. The Fields Ranch East course will host the Women’s PGA again in 2031 as well as the men’s PGA Championship in 2027 and 2034.

This week, the course will be a par-72, 6,604-yard setup and serve as a test run for holding major championship golf in the Texas summer heat.

“To my knowledge, I think Gil Hanse and the team, they designed this course to host championships,” Lydia Ko of New Zealand said. “It’s designed with a purpose, and obviously the more frequently you go to these kind of sites, you kind of get more familiar with it.”

Ko played a practice round alongside Craig Kessler, who will take over as commissioner of the LPGA next month. Kessler was previously COO of the PGA of America and will be tasked with increasing the LPGA’s visibility and financial solvency.

“I’m sure he’s busy with still wrapping things up with the PGA of America and transitioning into our role as well, but it’s exciting,” Ko said. “I think it’s a great time for golf. It’s great to have somebody like him that’s enthusiastic and really wants to see where — like how far we can go.”

Korean veteran Amy Yang is the defending champion following a three-stroke victory in 2024.

“I came very close to many major championships and never won before, so on Saturday night I was very nervous and I was questioning myself, ‘Can I do it this time?’” Yang recalled. “But I distracted myself calling my friends and family and just told myself, ‘You know, go out tomorrow and just every hole, every shot, just embrace everything and see what’s going to happen.’

“That experience taught me that I can do it. I can still do it.”

The entire top 25 in the Rolex Rankings are in the field. World No. 2 Jeeno Thitikul of Thailand has one victory this season, but the promising 22-year-old has yet to win a major.

“Every major I just want to make the cut, to be honest,” Thitikul said. “It would be really great to win it, and definitely I can tell that it would be like, everyone dreams to win a major. To me, what I have now under my belt, I’m pretty happy with all I’ve achieved.”