The US has signed a deal with Kyiv to share profits from the future sale of Ukraine's mineral reserves, after months of tense negotiations.

The two countries have agreed to establish a Reconstruction Investment Fund to spur Ukraine's economic recovery from its war with Russia.

US Treasury Secretary Scott Bessent said it showed both sides were committed to lasting peace and prosperity in Ukraine.

 

Canadians cast their ballots in a pivotal election that has been completely transformed by US President Donald Trump.

The Conservatives appeared certain to win any contest by a landslide at the start of the year, until Trump's tariffs and barbs about making Canada the "51st state" upended the country's politics and injected fresh life into Mark Carney's Liberal Party.

The final polls suggest the Liberals are slightly ahead, although the race has tightened in the past week and Conservative leader Pierre Poilievre says his party can win.

 

President Masoud Pezeshkian of Iran has visited hospitalized survivors of a huge explosion that rocked one of the country’s main ports, killing at least 40 people and injuring about 1,000 others.

The visit on Sunday followed a massive blast the day before at the Shahid Rajaee port outside of Bandar Abbas in southern Iran’s Hormozgan province

Arriving at the site, Pezeshkian thanked first responders, announcing, “We have come to see first hand if there is anything or any issue that the government can follow up on.”

 

China has sent back planes it ordered from the US in its latest retaliation over Trump tariffs, the boss of aircraft maker Boeing has said.

Kelly Ortberg said two planes had already been returned and another would follow after trade tensions between the two countries escalated.

Boeing's chief executive told CNBC that 50 more planes were due to go to China this year but their customers had indicated they will not take delivery of them.

The US put 145% tariffs on imports from China and it hit back with a 125% tax on US products

Speaking in the Oval Office on Tuesday, Trump said he was optimistic about improving trade relations with China, saying the level of tariffs he had imposed would "come down substantially, but it won't be zero".

However, Mr Ortberg said China "have in fact stopped taking delivery of aircraft because of the tariff environment".

Boeing is America's largest exporter with about 70% of its commercial aircraft sales outside of the US.

Mr Ortberg said Boeing was assessing options to re-market 41 of the already built planes to other customers as there was high demand from other airlines.

He said there were nine planes not yet in Boeing's production system and he wanted to "understand their intentions and if necessary we can assign them to other customers".

He added Boeing was "not going continue to build aircraft for customers who will not take them

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