World News

China’s central bank increased its gold reserves by 23 tonnes in September, the largest monthly acquisition since October 2023, bringing total holdings to approximately 2,410 tonnes. This move aims to reduce reliance on US dollar assets amid rising geopolitical and financial risks, with private demand for gold also soaring as households seek secure savings options.

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Zimbabwe’s government is actively promoting the ZiG currency to reduce reliance on the US dollar, despite widespread scepticism stemming from past currency crises. The Reserve Bank of Zimbabwe claims the ZiG is backed by reserves, yet many citizens remain hesitant to trust its stability for savings and transactions.

Emmanuel Macron is set to meet Lebanese Prime Minister Nawaf Salam amid rising tensions following the death of a French UN soldier in Lebanon. France aims to reaffirm its commitment to Lebanon’s sovereignty and the ceasefire terms, while discussions continue regarding future security in the region.

US President Donald Trump has stated that any new nuclear deal with Iran will surpass the 2015 Joint Comprehensive Plan of Action (JCPOA), which he abandoned in 2018. The original accord saw Iran limit its uranium enrichment in exchange for sanctions relief. New demands include stricter controls on Iran’s nuclear and missile programmes.

A tourist was injured after falling into a fish pond at the five-star H10 Rubicon Horizons Collection hotel in Playa Blanca, Lanzarote. Firefighters rescued the victim, who was fitted with a neck brace, before he was taken to Molina Orosa Hospital. Further updates are pending.

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