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Gold steadies with West Asia conflict in focus after Trump pauses strike

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Gold steadies with West Asia conflict in focus after Trump pauses strike

Gold prices were largely steady on Tuesday, as investors took a breather after ⁠recent volatility while focusing on developments surrounding the Middle East conflict after US President Donald Trump paused a planned attack against Iran.

Spot gold fell ‌0.1% to $4,560.39 per ounce by 0228 GMT, after hitting its lowest level since March 30 on ‌Monday. US gold futures for June delivery gained 0.1% to $4,563.50.

“The ⁠general kind of theme around the markets ⁠today is the dust is settling from Friday and markets are kind of trying to figure out where they go next as they look to ​this event risk midweek,” said ‌Ilya Spivak, head of global macro at Tastylive, referring to the minutes of the Federal Reserve’s April meeting.

Investors expect the minutes, due on Wednesday, to offer fresh clues on the US central bank’s monetary policy path.

Gold prices extended fall on Monday from the session before to hit a more than one-month ⁠low, as mounting inflation fears triggered a rout in the global bond market. Bullion later in the day recovered to close slightly higher.

US President Donald Trump said on Monday he had paused a planned attack against Iran to allow for negotiations to take place on a deal to end the US-Israeli war, after Iran sent a new peace proposal to Washington.

Oil prices fell more than 2%, easing some inflation fears. Gold is considered a hedge against inflation, though higher interest rates tend to weigh on the non-yielding metal.

Kevin Warsh will be sworn in as Fed chief ⁠on Friday by Trump, a White House official said on Monday, ⁠putting the financier at the helm of the central bank as it grapples with intensifying inflation that may make it hard to push through the interest-rate cuts Trump desires.

Spot silver fell 1.3% to $76.63 per ounce, platinum lost 0.5% to $1,969.84, and palladium dropped 1.2% to $1,401.74.

Published on May 19, 2026

Russia-China ties ‘stabilising’ force in world, Putin says before Xi talks | News

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Russia-China ties ‘stabilising’ force in world, Putin says before Xi talks | News

Russia’s Vladimir Putin is travelling to China for second meeting with Chinese leader Xi Jinping in less than a year.

Published On 19 May 2026

Russian President Vladimir Putin has hailed Moscow and Beijing’s deepening ties as a “stabilising” force on the world stage ahead of talks with Chinese leader Xi Jinping.

In an address ahead of a two-day visit to China that begins on Tuesday, Putin said Moscow and Beijing did not wish to align against any other country but to work together for “peace and universal prosperity.”

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“It is in this spirit that Moscow and Beijing coordinate efforts to defend international law and the principles of the UN Charter in their entirety,” said Putin, whose invasion of Ukraine has been widely condemned as a violation of international law.

Russia and China, he added, also supported cooperation via other multilateral fora, such as the Shanghai Cooperation Organisation and BRICS.

Putin said that Moscow-Beijing relations had developed to an “unprecedented level”, and the sides now supported each other on such fundamental matters as the “protection of sovereignty and national unity”.

“Russia and China look confidently toward the future, actively developing cooperation in politics, economics, defence, expanding cultural exchanges, and fostering interpersonal interaction, in essence, jointly doing everything to deepen bilateral cooperation and advance global development for the well-being of both nations,” Putin said in the speech aired by state media.

Putin is scheduled to arrive in China on Tuesday evening ahead of talks with Xi on Wednesday.

The summit, the second face-to-face meeting between the leaders in less than a year, comes as Russia and China are widely seen as being increasingly aligned in challenging the United States’s standing as the dominant power in world affairs.

Putin’s visit, which is timed to mark the 25th anniversary of the sides’ Treaty of Good-Neighbourliness and Friendly Cooperation, also comes just days after Xi and US President Donald Trump wrapped up a two-day summit in Beijing.

Trump and Xi’s summit, a follow-up to talks held in South Korea in October, featured warm rhetoric and pageantry but produced few concrete agreements on the many issues of contention between the sides, including trade, AI, Taiwan and the US-Israel war on Iran.

Alexander Korolev, a senior lecturer in international relations at UNSW in Australia, said Putin and Xi would use their summit to strengthen their partnership at a time when each of them is facing strategic pressures.

“For Russia, the visit demonstrates that it retains high‑level political access and economic partners despite Western pressure,” Korolev told Al Jazeera.

“For China, it reaffirms that the relationship with Russia remains a reliable pillar of its strategic environment.”

“The visit also highlights Beijing’s foreign policy agency and the fact that China’s foreign policy stands on its own and is not shaped by others’ preferences,” Korolev added.

Putin and Xi, who have met dozens of times in an official capacity, have ramped up their economic and diplomatic cooperation in recent years amid Moscow’s international isolation due to its 2022 full-scale invasion of Ukraine.

Two-way trade between Russia and China more than doubled from 2020 to 2024, reaching $245bn, according to the Mercator Institute for China Studies.

Russia’s exports to China are largely made up of oil, gas and coal, while China supplies Russia with significant quantities of machinery, vehicles, electrical equipment and textiles.



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WHO responding to ‘complex, difficult’ Ebola outbreak in DR Congo | Ebola

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WHO responding to ‘complex, difficult’ Ebola outbreak in DR Congo | Ebola

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The World Health Organization is getting health experts and supplies to DR Congo to battle the Ebola outbreak. WHO representative Anne Ancia says the situation in Bunia, the epicentre of the outbreak, is complex and difficult.

Published On 19 May 2026



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VMware quietly debuts Arm hypervisor tech preview

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VMware quietly debuts Arm hypervisor tech preview


VIrtualization

Supports Nvidia Grace and Ampere processors

VMware has quietly debuted a technology preview of its flagship ESX hypervisor that is capable of running on Arm processors and servers.

The virtualization giant teased its new tech in a Xeet which piqued our interest and led to the discovery of this document [PDF] on the public internet that explains the hypervisor supports guests running RHEL, Ubuntu, and SUSE, on servers from HPE and Gigabyte powered by Ampere processors, or Supermicro’s ARS-221GL model with an Nvidia Grace processor.

The document offers slightly contradictory advice to the effect that “Arm host clusters must be managed by a separate, standalone vCenter running on x86. We do not recommend managing x86 installations and Arm installations from the same vCenter.”

The tech preview appears to be a very basic affair, as it lacks support for vSAN hyperconverged storage, NSX virtual networking, and plenty of other features VMware offers in its x86 hypervisor and Cloud Foundation (VCF) private cloud suite.

VMware has also made it possible to access Arm guests from its desktop hypervisors. As disclosed last week in release notes for new versions of the Workstation and Fusion products that add “the ability to connect to remote ARM-based ESXi, allowing users to manage VMs on remote ARM servers directly from VMware Workstation or Fusion on any supported platform.”

Virtzilla is therefore making good on its promise to bring its hypervisor and VCF to the Arm architecture.

The Broadcom business unit is porting its products because it thinks customers will increasingly turn to Arm servers on the network edge, perhaps for AI workloads. VMware is also aware that Arm processors can be more energy-efficient than x86 CPUs, and must also know that its hyperscale partners AWS, Microsoft, and Google aggressively promote their home-brew Arm processors as delivering superior performance-per-watt.

In its announcement of its new desktop hypervisors, VMware offers another reason: “As development environments diversify, cross-architecture connectivity is essential.”

VMware hasn’t offered a timeline to get ESX on Arm ready for a full release, but the company has previously told us it’s in no rush because customers are currently Arm-curious rather than in a rush to shift workloads onto the architecture.

While VMware explores a new architecture, its rivals continue to prepare products they hope will prize away some users who feel Broadcom’s licensing regime isn’t to their liking.

Platform9 last week debuted “Platform9 OS”, a cut of Linux that encapsulates its Private Cloud Director in an appliance-like format so that users don’t need Linux administration skills to adopt its stack. Platform9 is going after VMware’s top 10,000 customers with a promise it won’t try to lock them in with licensing or restrictive hardware compatibility lists.

Australian outfit Netframe takes a similar approach with its wares and has chosen to walk down a well-worn path by creating a free version of its eponymous product that allows users to run up to three hosts. The company thinks that offering will attract home lab operators and small shops who will be sufficiently impressed by the product to upgrade and sign up for support. ®



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Maduro ally deported to US, faces charges in Venezuela oil, food scheme

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Maduro ally deported to US, faces charges in Venezuela oil, food scheme

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A close ally of ousted Venezuelan President Nicolás Maduro has been deported by Venezuela to the United States, according to Venezuelan officials, to face federal charges accusing him of orchestrating a sweeping money laundering and bribery scheme tied to Venezuela’s state-run food program and oil industry.

Alex Nain Saab Moran, 55, of Colombia, a former minister of industry and national production under the Maduro regime, appeared in federal court in Miami Monday, according to the U.S. Attorney’s Office for the Southern District of Florida. The Justice Department said Saab is presumed innocent unless proven guilty beyond a reasonable doubt.

Prosecutors allege Saab led a yearslong scheme beginning around 2015 to defraud a humanitarian program intended to provide food to impoverished Venezuelans.

He and his co-conspirators later allegedly sold billions of dollars’ worth of Venezuelan state-owned oil while circumventing U.S. sanctions, according to the Justice Department. Authorities say the proceeds were routed through U.S. bank accounts in an effort to conceal the transactions and further advance the scheme.

MADURO ALLY ALEX SAAB ARRESTED IN JOINT US-VENEZUELAN OPERATION, OFFICIAL SAYS

maduro speaking next to saab in public event

Venezuela’s President Nicolas Maduro (L) speaks to supporters next to Colombian-born businessman Alex Saab during a rally in Caracas on January 23, 2024. (GABRIELA ORAA/AFP via Getty Images)

“Alex Saab allegedly used American banks to launder hundreds of millions of dollars stolen from a Venezuelan food program meant for the poor and proceeds from the illegal sale of Venezuelan oil,” Assistant Attorney General A. Tysen Duva said in a statement. “This is unacceptable. The Criminal Division will not allow foreign actors to exploit the American financial system and use it as a safe haven for the proceeds of their corruption.” 

Beginning around 2015, Saab and his associates allegedly paid bribes to Venezuelan government officials to secure contracts tied to the country’s CLAP welfare program, which was intended to purchase and distribute food to vulnerable and impoverished Venezuelans. 

Instead of delivering the promised food supplies, prosecutors allege the group used shell companies, fraudulent invoices and falsified shipping records to embezzle hundreds of millions of dollars from the program for their own personal gain.

TREASURY TARGETS OIL TRADERS, TANKERS ACCUSED OF HELPING MADURO EVADE U.S. SANCTIONS

saab wearing suit and walking

Businessman Alex Saab walks through Miraflores Palace in Caracas, Venezuela, on Tuesday, Feb. 20, 2024. (Carlos Becerra/Bloomberg via Getty Images)

Around 2019, as sweeping U.S. sanctions crippled Venezuela’s oil exports and placed severe strain on the country’s finances, including its ability to pay Saab and his associates under the CLAP program, Saab and his partners allegedly exploited their corrupt ties to government officials to gain access to billions of dollars’ worth of oil owned by Venezuela’s state-run oil company. 

Officials allege the group sold the oil under false pretenses and used the profits to sustain and expand the original food fraud scheme.

Saab and his associates reportedly laundered the allegedly stolen funds through U.S. bank accounts in an effort to conceal the money trail, giving American authorities jurisdiction to prosecute the case.

“When illicit proceeds are moved through the United States financial system, our courts have jurisdiction and our prosecutors will act,” U.S. Attorney Jason A. Reding Quiñones said in a statement.

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maduro shakes hands with saab

Venezuelan President Nicolas Maduro (R) shakes hands with Colombian-born businessman Alex Saab in Caracas on January 15, 2024. (FEDERICO PARRA/AFP)

Saab was previously indicted in the U.S. in 2019 and extradited from Cabo Verde in 2021. He was pardoned by President Biden in 2023 as part of a prisoner swap, though prosecutors say the new case involves alleged conduct not covered by that pardon.

A Miami-based attorney for Saab declined to comment to The Associated Press.

If convicted, Saab faces up to 20 years in federal prison. The government is also seeking forfeiture of any property or proceeds allegedly obtained through the alleged criminal activity.

The case was investigated by a U.S. Homeland Security Task Force (HSTF), which includes the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI) and Homeland Security Investigations (HSI).

Bonny Chu is a Digital Production Assistant at Fox News Digital.



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Shakira in line for €55m payout as Spanish court rules tax fines were wrong | Shakira

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A court in Madrid has ordered Spain’s tax authority to pay Shakira back more than €55m (£48m) after ruling that it had wrongly imposed huge fines on the Colombian singer and philanthropist because it had made mistakes over her tax status.

In a statement released on Monday, the Audiencia Nacional said it had accepted an appeal from Shakira against the fine she was handed five years ago after the Agencia Tributaria claimed she had not paid the necessary tax in Spain in 2011. At that time, the singer was in a relationship with the FC Barcelona player Gerard Piqué.

The court said the agency had failed to prove that Shakira had spent more than 183 days in Spain that year, which would have obliged her to pay personal income tax in the country.

“On the contrary, the court understands that Shakira’s stay in our country was 163 days and that the tax agency has therefore not proved that the singer had core economic interests in Spain … as set out in the terms established [by law],” the statement said.

The court ordered the tax agency to return the amounts it had fined Shakira and to pay her interest and costs.

However, it also pointed out that its decision – which can be appealed against in the supreme court – related only to the 2011 tax case.

In November 2023, the singer reached a settlement with prosecutors to avoid a trial in Barcelona over charges she had failed to pay €14.5m (£12.7m) in Spanish income tax between 2012 and 2014.

As part of the deal, she accepted the charges and a fine of 50% of the amount owed, more than €7.3m. She also accepted a further fine of €438,000 to avoid a three-year prison sentence. Shakira had previously accused Spain’s tax agency of waging “a salacious press campaign” against her and insisted she owed nothing.

In a statement issued by her lawyer after Monday’s decision, she said the court had recognised that no fraud had been committed in 2011.

“After more than eight years of enduring a brutal public shaming, orchestrated campaigns to destroy my reputation, and countless sleepless nights that ended up affecting my health and the wellbeing of my family, the Audiencia Nacional has finally set things right,” she added.



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