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US and Ukraine Sign Memorandum Paving Way for Controversial Mineral Deal
Ukraine and the United States have signed a preliminary memorandum of intent aimed at finalizing a far-reaching economic partnership and reconstruction investment fund focused on mineral exploitation. The document, seen by Euronews, marks a significant step toward what could be a landmark agreement shaping Ukraine’s post-war economic recovery.
The memorandum, signed on Thursday by Ukraine’s First Deputy Prime Minister Yulia Svyrydenko and US Treasury Secretary Scott Bessent, sets the stage for high-level negotiations in Washington between April 21 and 26. According to the document, Ukrainian Prime Minister Denys Shmyhal will travel to Washington during that week to lend political backing to the final round of technical discussions.
The goal is to conclude talks by April 26 and sign the agreement shortly afterward. “Negotiating teams are expected to report on progress by April 26, 2025, with the aim of completing discussions by that date and signing as soon as possible,” the document reads.
The proposed agreement is not without controversy. It outlines the creation of a joint investment fund that would give the US considerable influence over Ukraine’s critical infrastructure and natural resources. The fund’s board would be made up of five members—three appointed by the US and two by Ukraine—effectively granting Washington veto power over major decisions.
Under the deal, Ukraine would be required to submit all major infrastructure and resource projects—including those involving roads, ports, railways, and mineral extraction—to the fund for approval. If rejected, Kyiv would be barred from offering the same projects to other countries under more favorable terms.
Furthermore, the US would receive all profits generated by the fund and a 4% annual return until the total military and financial assistance—estimated at €114 billion by the Kiel Institute for the World Economy—is repaid. This “payback” structure has been championed by former President Donald Trump, who remains a key figure in ongoing US foreign policy despite current tensions with Ukrainian leadership.
The agreement also notes potential legal conflicts with Ukraine’s EU accession obligations and international financial commitments. However, the US pledged not to interfere in those matters. “The United States respects Ukraine’s intention to avoid conflicts in the drafting of the agreement with Ukraine’s obligations under European Union accession,” the document states.
The deal comes amid growing tensions between the US and Ukraine. Relations have deteriorated since Trump initiated backchannel talks with Russian officials to end the war, reportedly excluding Ukrainian President Volodymyr Zelenskyy from the process. A heated Oval Office meeting between Trump and Zelenskyy in February only deepened the rift.
Meanwhile, US Secretary of State Marco Rubio was in Paris this week to consult with European allies. Speaking to reporters Friday, Rubio warned that Washington could pull out of peace negotiations if no meaningful progress is achieved soon.
As talks in Washington approach, the proposed investment fund is expected to dominate headlines—and draw scrutiny over its implications for Ukraine’s sovereignty and economic independence.
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Trump Abruptly Ends NBC Interview After Clash Over 2020 Election Claims
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US Raises Counterintelligence Alert on Israel as Strains Emerge Over Middle East War
Tensions between Washington and Tel Aviv have intensified amid the ongoing war with Iran and wider instability in the Middle East, with new reports indicating that the Pentagon has significantly escalated its counterintelligence posture toward Israel.
According to multiple US media outlets, the Pentagon’s Defense Intelligence Agency (DIA) has placed Israel on its highest level of counterintelligence concern, classifying it as a “critical” priority. The designation reportedly follows growing unease within US security circles over alleged intelligence-related activities linked to Israeli operations targeting American officials.
The reports suggest that concerns centre on the possibility that Israeli intelligence efforts may have attempted to gather sensitive information about senior figures in the Trump administration. Individuals named in media coverage include US Middle East envoy Steve Witkoff and Pentagon policy chief Elbridge Colby, who are said to be involved in internal discussions on regional conflict strategy.
The New York Times reported that US agencies are reviewing whether Israeli operatives sought insight into American decision-making processes regarding the war with Iran and broader regional security policy. However, the allegations have not been independently verified.
Israel has strongly rejected the claims. An Israeli Embassy spokesperson in Washington described reports suggesting Israeli surveillance of US officials as “completely false,” stressing that Israeli intelligence services operate exclusively against hostile actors and not allied nations. The embassy further denied any efforts to collect intelligence on US government personnel.
US officials offered mixed responses. The Pentagon declined to comment on the matter, while a White House official dismissed the reporting as inaccurate, arguing that it was based on unnamed sources without direct knowledge of intelligence operations.
The developments come at a sensitive moment for US–Israel relations, which have faced increasing pressure over military operations in Lebanon and ongoing strikes linked to the broader Iran conflict.
Separately, US President Donald Trump acknowledged tensions with Israeli Prime Minister Benjamin Netanyahu, confirming that he used strong language during a recent phone call in which he expressed frustration over Israel’s continued military actions in Lebanon. Trump said he was “a little bit perturbed” by the situation, though he maintained that cooperation between the two countries remained strong.
The call follows continued Israeli strikes in southern Lebanon despite a US-brokered ceasefire agreement. Lebanese authorities reported multiple casualties in recent attacks, including at least five deaths and more than 20 injuries in separate incidents.
Despite reported disagreements, Trump emphasised that both governments continue to operate under wartime pressures and insisted that strategic coordination between Washington and Jerusalem has not broken down, even as diplomatic strains become more visible.
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UAE Businesses Rethink Technology Lifecycles as AI Growth Accelerates Circular Economy Shift
The UAE’s Net Zero 2050 strategy has already reshaped how companies approach energy use, infrastructure planning and investment decisions. The next major shift, according to industry observers, is emerging in the way organisations manage technology itself as digital systems expand and artificial intelligence adoption accelerates.
With businesses deploying more AI-enabled devices, scaling cloud operations and supporting hybrid workforces, attention is turning to the environmental and financial impact of technology lifecycles. Issues such as device longevity, energy consumption and electronic waste are becoming central to corporate planning rather than secondary considerations.
Companies are increasingly looking beyond simple technology adoption toward how equipment is maintained, reused, refurbished and recycled. This approach is being driven not only by sustainability goals, but also by efforts to reduce operational costs and improve asset efficiency over time.
Initiatives such as HP Planet Partners have become part of this shift, enabling organisations to return used devices and consumables for responsible recycling or refurbishment. HP has also worked with businesses across the UAE on low-carbon IT strategies aimed at extending device lifespans and improving e-waste management practices.
Participation in such programmes is steadily increasing across the country. Growing awareness of recyclability, carbon footprints and recycled content is influencing procurement decisions, reflecting a broader change in how companies assess technology value. Sustainability is increasingly being considered alongside performance, cost and productivity.
The benefits of these approaches are extending beyond environmental impact. Organisations report improvements in asset utilisation, reduced maintenance costs and fewer replacement cycles, suggesting that circular models can also support operational efficiency.
Partnerships remain central to scaling these efforts. HP is collaborating with local organisations, educational institutions and business partners in the UAE to promote device reuse, responsible recycling and lifecycle management. These efforts aim to reduce waste while maximising the usefulness of existing technology resources.
Sustainability has long been part of HP’s corporate strategy, but recent years have seen a stronger emphasis on practical outcomes. The company reports reducing single-use plastic packaging by 75 per cent compared with 2018, while nearly one-third of plastics used across its product portfolio now come from recycled sources.
Across the UAE, circular technology practices are becoming more closely tied to business performance. Companies are under increasing pressure to control costs, extend device usage and optimise technology investments. Circular models are emerging as a way to address these challenges while supporting environmental commitments.
Programmes such as HP Amplify Impact are also encouraging partners to integrate sustainability into procurement decisions and customer engagement. As a result, environmental considerations are becoming part of routine business planning within the technology sector.
Artificial intelligence is expected to intensify these trends. While AI increases demand for computing power and devices, it also raises the importance of efficiency and resource management. Industry players say the focus should not be on slowing adoption, but on designing and managing technology more sustainably from the outset.
This includes using recycled materials in manufacturing, improving repairability, reducing packaging waste and extending product lifecycles. HP says nearly half of its materials now come from recycled, renewable or reused sources.
What is changing most significantly is how organisations define value in technology. Beyond performance, companies are increasingly considering lifecycle impact, reuse potential and responsible disposal.
In the UAE, where innovation and long-term planning have been central to economic development, circular technology models are gaining traction. As digital transformation and AI adoption continue, these models are expected to play a growing role in balancing growth with sustainability goals.
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