Pete Hegseth says cartels ‘have killed more Americans than Al-Qaeda’ as the U.S. strikes alleged drug boats in the Pacific, killing 14

Colombia's government is taking a proactive step by purchasing gold directly from small-scale producers to combat illegal mining and criminal activities. This initiative aims to formalize the booming gold market, which has been driven by rising prices, and could significantly reduce the influence of criminal organizations in the region. By supporting legitimate miners, the government hopes to create a more sustainable and regulated industry, benefiting both the economy and local communities.

This week, both Chile's and Colombia's central banks are expected to maintain their current interest rates, a decision that reflects their cautious approach to economic stability amid global uncertainties. Holding rates steady can help manage inflation and support growth, which is crucial for both countries as they navigate post-pandemic recovery. Investors and economists will be closely watching these decisions, as they could signal future monetary policy directions.

Indian investors are becoming increasingly cautious as significant gains following stock listings are becoming less common. This shift in sentiment is important as it reflects broader market trends and investor confidence, which can impact future investments and economic stability.

Toyota has clarified that it did not make an explicit promise to President Trump regarding a new $10 billion investment in the United States. This clarification is significant as it highlights the complexities of corporate commitments and political expectations, especially in the automotive industry, where investments can have substantial economic implications.

SK Hynix has reported record earnings for the third quarter, driven by strong demand for its high-end HBM3E chips and rising prices for DRAM products. This impressive performance highlights the growing importance of AI technology in the semiconductor industry, as companies increasingly rely on advanced memory solutions to power their innovations. The results not only reflect SK Hynix's strategic positioning in the market but also signal a positive trend for the tech sector as a whole.

Amazon's subsidiary is set to invest a remarkable $5 billion in South Korea, as confirmed by the presidential office. This significant investment is expected to boost the local economy, create jobs, and enhance technological advancements in the region. It highlights Amazon's commitment to expanding its global footprint and fostering innovation in South Korea, which is crucial for the country's economic growth.

Goldman Sachs has adjusted its iron ore price forecast for 2026, citing factors like macroeconomic support and tighter inventories, alongside strong steel production in China. However, despite this optimistic outlook for the longer term, the bank still anticipates a decline in prices for the upcoming year. This mixed perspective highlights the complexities of the iron ore market and the ongoing challenges it faces.

SK Hynix, a key supplier for Nvidia, is optimistic about a 'super cycle' in the chip industry after reporting record profits. This surge in profitability highlights the growing demand for semiconductors, driven by advancements in technology and increased consumption across various sectors. As the world becomes more reliant on digital solutions, SK Hynix's success could signal a robust future for the chip market, benefiting not just the company but also its partners and the broader tech ecosystem.