Hungary to repatriate all its gold reserves, in all 3 tonnes, from UK, fearing geopolitical-economic crises. 5th EU country to do so. Done to ‘strengthen market confidence towards Hungary’ says Hungarian National Bank. Countries’ reliance on gold increasing.
US Prez Donald Trump blocks Singapore-based chipmaker Broadcom’s proposed takeover of Qualcomm. Reasons cited- national security, sensitive technology, possible entry of Chinese company. Qualcomm important player in defense, IT, internal security of US.
Pakistan tries to heat up diplomatic battle with India as it calls back its envoy for consultation by falsely allegating about incidences of “harassment”. MEA India says it is rather regular practice that Indian diplomats are harrased in Pak.