Foreign
Big pink diamond found in Angola, largest in 300 years

The largest pink diamond of its kind to be found in the past 300 years, weighing 170 carats, was reportedly found in Angola.
The “Lulo Rose” diamond was discovered at the Lulo alluvial diamond mine, according to a statement posted on the website of the Lucapa Diamond Company, which owns the mine.
“Only one in 10,000 diamonds is coloured pink. So you’re certainly looking at a very rare article when you find a very large pink diamond,” Lucapa CEO Stephen Wetherall told newsmen.
The pink diamond is anticipated to sell for a high price at auction, but Wetherall said he is unsure of the premium that will be charged due to its hue.
Speaking from the company’s headquarters in Australia, Wetherall said Lulo is an alluvial mine which means the stones are recovered from a river bed. The Lucapa company is searching for underground deposits, known as kimberlite pipes, which would be the main source of the diamonds.
“We’re looking for the kimberlite pipes that brought these diamonds to the surface. When you find these high-value large diamonds … it certainly elevates the excitement from our perspective in our hunt for the primary source.”
According to Lucapa, the pink gemstone is the fifth-largest diamond discovered at the mine where 27 diamonds weighing 100 carats or more have been discovered.
The state-owned diamond marketing firm of Angola, Sodiam, will sell the pink diamond through an international auction. Due to its mines, Angola is one of the top 10 producers of diamonds worldwide.
“This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage for diamond mining and demonstrates the potential and rewards for commitment and investment in our growing diamond mining industry,” Diamantino Azevedo, Angola’s Minister of Mineral Resources, Petroleum and Gas said, according to the Lucapa website.
Foreign
Trump calls for Keystone XL pipeline plans to be revived

U.S. President Donald Trump has called for the revival of the Keystone XL pipeline, which would carry oil from Canada to the U.S.
Trump took to his online platform Truth Social to urge the company building the pipeline to come back to America.
“The Trump administration is very different, easy approvals, almost immediate start.
“If not them, perhaps another pipeline company. We want the Keystone XL pipeline built,’’ he said.
The pipeline, first proposed in 2008, has been controversial from the start.
It would carry crude oil from oil sands in Alberta, Canada to Nebraska in the Midwestern U.S., where it would link up existing pipelines that connect to the Gulf of Mexico and the Mississippi River.
It was opposed by environmental groups and Native American tribes.
A long-standing battle between the oil industry and environmentalists trickled into politics and U.S. and Canadian courts.
Then U.S. president, Barack Obama, rejected the project in 2015 due to environmental concerns before Trump revived it during his first term in office.
Then, in one of his first actions as U.S. president in 2021, Joe Biden revoked Trump’s permit for the pipeline, stating that its construction was not consistent with his administration’s economic and climate goals.
Foreign
Trump plans 25% tariffs on steel, aluminium imports

U.S. President Donald Trump plans to impose tariffs of 25 per cent on steel and aluminium imports into the United States, he said on Sunday.
“Any steel coming to the United States is going to have them, 25 per cent tariff,” Trump said, according to journalists travelling with the president. When questioned about tariffs on aluminium imports, Trump replied, “25 Per cent for both.”
Trump also confirmed his plan to announce further reciprocal tariffs in the coming week.
He spoke of an announcement on Tuesday or Wednesday.
“Very simply, if they charge us, we charge them, Trump told reporters, adding that the tariffs would go into effect almost immediately.”
U.S. tariffs of 10 per cent on Chinese goods took effect from Feb. 4.
The planned tariffs of 25 per cent on Mexico and Canada were suspended for an initial period of 30 days following promises from the two countries to increase border security measures.
Trump won November’s presidential election promising to slap high tariffs on foreign goods to reduce U.S. trade deficits.
He implemented a number of duties during his first term from 2017 to 2021.
Foreign
U.S. president considering 25% tariffs on Canada, Mexico starting in February

Donald Trump said tariffs of 25 per cent on products from Canada and Mexico could be introduced as early as February, hours after taking office as US president on Monday.
Speaking at the White House while signing various orders shortly after his inauguration, Trump said, “We’re thinking in terms of 25 per cent on Mexico and Canada, because they’re allowing vast number of people … to come in.”
“I think we’ll do it Feb. 1,” Trump added, referring to the potential start date for the tariffs.
Earlier on Monday, the Wall Street Journal reported that Trump did not intend to impose tariffs on trading partners like Canada, Mexico, and China.
Instead, he planned to instruct the authorities to assess trade relations with China and its neighbours on the North American continent, the Wall Street Journal reported, citing a summary of a planned memorandum and Trump’s advisers.
Shortly after winning the election in November, Trump threatened to impose tariffs on goods from Canada, Mexico, and China.
There are also fears in the EU that Trump could impose new tariffs.
Tariffs are a type of surcharge on imported goods. They are paid as goods enter the country.
Trump imposed a range of tariffs on imported goods during his first term in office from 2017 to 2021.
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