Author: xjadmin

On May 17th, according to informed sources, the US government is developing a plan to permanently relocate up to one million Palestinians from the Gaza Strip to Libya. According to informed sources, as a condition for Palestinian resettlement, the US government may release billions of dollars in funds frozen by the US over a decade ago to Libya. At present, no final agreement has been reached, but the US government has discussed with the Libyan leadership.

On May 17th, the US Supreme Court temporarily upheld the original verdict on the 16th local time, preventing the Trump administration from deporting Venezuelan immigrants under the Foreign Enemy Act. On the same day, the US appellate court rejected the Trump administration’s request to quickly deport immigrants to non home countries.

On May 17th, according to the US Commodity Futures Trading Commission (CFTC), as of the week ending May 13th, US speculators increased their CME net short position in the S&P 500 index by 31350 lots to 287281 lots, while stock fund managers increased their CME net long position in the S&P 500 index by 44461 lots to 857623 lots.

On May 17, according to the U.S. Commodity Futures Trading Commission (CFTC), as of the week of May 13, speculators had increased CBOT’s net short position of two-year treasury bond futures by 1439 hands to 1222232 hands, that of five-year treasury bond futures by 116453 hands to 2180043 hands, that of 10-year treasury bond futures by 62817 hands to 890351 hands, and that of ultra long treasury bond futures by 3553 hands to 261222 hands.

On May 17th, according to the US Commodity Futures Trading Commission (CFTC), as of the week ending May 13th, the speculative net long position of WTI crude oil futures increased by 556 lots to 94152 lots; The net long position of natural gas futures in the NYMEX and ICE markets increased by 13383 lots to 211101 lots; The net long position in NYMEX gasoline increased to 39286 contracts, reaching a six week high; The net short position in NYMEX heating oil has decreased to 17151 contracts.

On May 17th, according to the US Commodity Futures Trading Commission (CFTC), as of the week ending May 13th, speculators’ net long position in COMEX gold decreased by 1433 contracts to 110874 contracts; COMEX silver futures speculative net long position decreased by 1788 lots to 28460 lots; COMEX copper futures speculative net long position increased by 1443 lots to 24780 lots; The net short position in NYMEX platinum has increased to 3650 contracts, setting a new three week high; The net short position in NYMEX palladium has increased to 12420 contracts.

On May 17th, the settlement price of international crude oil futures rose by over 1%, with a cumulative increase of over 2% this week. WTI June crude oil futures closed up $0.87, or 1.41%, at $62.49 per barrel, with a cumulative increase of 2.41% for the week. Brent crude oil futures for July closed up $0.88, or 1.36%, at $65.41 per barrel, with a cumulative increase of 2.35% for the week.

On May 17th, OpenAI plans to build a large new data center in the United Arab Emirates, which may eventually become one of the largest data centers in the world. This is not only a significant investment for the company in the Middle East, but also an important expansion of its global AI infrastructure expansion plan. According to insiders, the ChatGPT developer is expected to become one of the main tenants of the recently announced Abu Dhabi 5GW data center park. OpenAI’s participation has not been finalized yet, but the official announcement may be made in the near future.

On May 17th, the 6th European Political Community Leaders’ Meeting was held in Tirana, the capital of Albania. About 50 national and regional leaders, as well as leaders of EU institutions, attended the meeting, focusing on European security and economic challenges. The theme of this conference is “New Europe in the New World: Unity, Cooperation, Joint Action”, which is the first time that the European Political Community has held a conference in the Western Balkans region. During the meeting, the leaders discussed issues such as European security and defense, competitiveness and economic security, and migration, focusing on the Russia-Ukraine conflict, as well as innovation, digital infrastructure, energy sustainability, and supply chain security. The meeting was co chaired by European Council President Costa and Albanian Prime Minister Rama. Costa stated that Europe should continue to deepen and expand global trade cooperation, not succumb to protectionism, but instead strive for mutually beneficial partnerships and abandon zero sum thinking. Rama called on the European political community to pay more attention to education, science, and artificial intelligence, so that non EU regions can also become investment frontiers.

On May 17th, the Office of the United Nations Spokesperson stated on the 16th local time that the United Nations welcomes the talks held in Istanbul that day. The spokesperson said, “We hope that this process can achieve a comprehensive, immediate, and unconditional ceasefire in Ukraine, which is an important step towards creating conditions for a just, comprehensive, and sustainable peace in Ukraine. This goal should comply with the United Nations Charter, international law, and relevant United Nations resolutions.” The United Nations emphasized its willingness to support all meaningful efforts to help achieve this goal.