Anti-government protesters rallied in Iran for a second night after its admission that it accidentally shot down a Ukrainian jetliner following days of denying it had anything to do with the incident that killed 176 people. The plane was flying near a sensitive Islamic Revolutionary Guard military site, and human error was to blame, the Iranian army said in a statement.
The U.S. may revive twice-yearly talks with China to discuss the economic relationship between the countries, people. Treasury Secretary Steven Mnuchin is pushing the idea of semi-annual discussions, which harken back to the strategic dialogue which begun in 2006 when George W. Bush was president.
Taiwan President Tsai Ing-wen won a landslide victory over China-friendly challenger Han Kuo-yu to clinch a second term. The victory shows that the Taiwanese people reject Beijing’s push for “one country, two systems,” she said. Beijing was not impressed, saying Taiwan is part of China whatever happens.
Oil ended last week with its steepest loss since July as geopolitical threats to some of the world’s most important supplies fizzled. Prices finished the week down more than 6%. Gold surged after the U.S. slapped new sanctions on Iran.
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