Big moves on the global stage as Trump gears up for a meeting with Putin in Budapest to discuss ending the war in Ukraine.
Singapore is cracking down on online abuse with a tough new safety law, while the US and Canada are revisiting the Keystone XL pipeline.
And gold? It’s still shining bright and climbing higher.
A glance at major developments on Thursday.
Trump-Putin meeting
US President Donald Trump has announced that he will be meeting Russian President Vladimir Putin in Budapest, Hungary, to talk about ways to end what he called the “inglorious” war between Russia and Ukraine.
The decision came after what Trump described as a “very productive” phone call with Putin.
Before that meeting happens, senior officials from both sides, led by US Secretary of State Marco Rubio, are set to hold preliminary talks next week.
Trump also plans to sit down with Ukrainian President Volodymyr Zelenskyy at the White House to go over what came out of his discussion with Putin.
As of now, the exact date for the Budapest summit hasn’t been announced.
Singapore tightens rules over online harmful content
Singapore has rolled out a new law called the Online Safety (Relief and Accountability) Bill, which sets up a new watchdog, the Online Safety Commission (OSC), to crack down on harmful content on the internet.
By mid-2026, the OSC will have the power to deal with things like online harassment, doxxing, stalking, the sharing of intimate images without consent, and even child abuse material.
The commission will be able to order social media platforms and internet providers to take down harmful posts, limit certain accounts, or even let victims post replies to defend themselves.
If companies or individuals don’t comply, they could face criminal charges, including fines or jail time.
On top of that, the bill introduces new legal rights for victims, allowing them to sue offenders directly.
US-Canada mulls over reopening major pipeline project
The US and Canada are reportedly thinking about bringing the Keystone XL pipeline project back to life as part of ongoing trade talks in 2025.
Canadian leaders, including Prime Minister Mark Carney, have been in discussions with US officials about possibly restarting the controversial project, which was previously shut down over environmental and political concerns.
The pipeline was originally designed to carry crude oil from Alberta down to refineries in the US, and now it’s getting fresh attention thanks to growing worries about energy security.
Of course, there are still big challenges ahead, and environmental groups remain strongly opposed, but both countries seem open to at least exploring the idea again.
The goal? Strengthen North American energy ties and give both economies more flexibility in how they source and export energy.
Gold’s massive rally not over yet
According to the World Gold Council (WGC), gold’s impressive rally isn’t done yet, even after hitting record highs of over $4,000 an ounce in October 2025.
The surge has been fueled by a mix of factors: investors piling in amid global tensions, expectations that the US Federal Reserve will start cutting rates, and a general flight to safety as stock and bond markets look shaky.
Physically backed gold ETFs have seen massive inflows lately, and interestingly, overall gold ownership is still lower than it was during past bull markets, meaning there’s potentially more room for growth.
Sure, there’s always the chance of a short-term pullback after such a sharp rise, but the WGC believes the main forces driving this rally are still in play.
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