[Global Top 10 News] 30 October 2025

10/30/2025 Global Chronicle

1. Trump-Xi Summit: Tariff Cuts and Rare Earth Trade Truce Agreed

US President Trump and Chinese President Xi Jinping met during the APEC summit in Busan and agreed to ease trade tensions. The US will cut fentanyl-related tariffs, and China will pause the expansion of rare-earth export controls for one year. This agreement is seen as a significant step toward stabilizing relations between the two countries after months of turmoil.

2. Israel Carries Out New Strikes in Gaza Despite Reaffirming Ceasefire Commitment

Israel conducted new airstrikes and shelling in the eastern Gaza Strip, a day after affirming its commitment to the US-backed ceasefire. Palestinian residents and witnesses reported strikes east of Khan Younis in the south and east of Gaza City in the north. Israel claims the strikes were in retaliation for a ceasefire violation, but Hamas rejects the accusation, leaving the truce in a fragile state.

3. Geert Wilders Faces Shutout as Centrists Hail Huge Gains in Knife-Edge Dutch Election

Far-right politician Geert Wilders’ Freedom Party (PVV) faces a likely shutout from the next Dutch government after a closely contested general election. Centrist parties, including the liberal-progressive D66, made significant gains, and all major mainstream parties have ruled out working with Wilders. This tight result is expected to lead to prolonged coalition talks.

4. US Fed Cuts Rates by 0.25%, Powell Signals December Move ‘Far From’ Certain

The US Federal Reserve cut its benchmark interest rate by 0.25 percentage points, meeting market expectations. However, Chairman Jerome Powell indicated that a further rate cut in December is far from certain, maintaining a cautious stance. This move comes as traders navigate a US-China trade truce and mixed technology earnings.

5. Paraguayan MPs Urge Government to Establish Diplomatic Ties with China, Cut Taiwan Ties

Several Paraguayan Members of Parliament have urged their government to sever its so-called diplomatic ties with the Taiwan authorities and establish official diplomatic relations with China. A Chinese Foreign Ministry spokesperson stated that maintaining ties with Taiwan does not serve Paraguay’s long-term interests and goes against the international consensus on the one-China principle.

6. BYD Reports Biggest Quarterly Profit Fall in Over Four Years

Chinese electric vehicle manufacturer BYD reported its biggest quarterly drop in net profit in over four years. This comes alongside an extended downtrend in production at its mega factories, indicating the impact of intensifying competition in the global EV market. Shares of BYD were affected by the news.

7. India Gets Six-Month Waiver for U.S. Sanctions on Chabahar Port

India’s Ministry of External Affairs announced that it has received a six-month waiver from the US government for sanctions related to Iran’s Chabahar port. The Trump administration had previously revoked the waiver as part of its maximum pressure on Iran moves. The waiver reflects the importance of the port as a trade conduit, particularly for India’s trade with Afghanistan.

8. Trump Orders Nuclear Weapons Tests ‘On Equal Basis’ with Other Countries

US President Donald Trump announced that he has ordered nuclear weapons tests to be conducted on an equal basis with other countries allegedly possessing nuclear testing programs. This follows a warning that China could catch up with the US in nuclear capabilities within five years. China’s Foreign Ministry expressed hope that the US would abide by its obligations under the Comprehensive Nuclear-Test-Ban Treaty (CTBT).

9. StanChart Raises Outlook as Quarterly Profit Beats Estimate

Standard Chartered Plc raised its annual outlook after its quarterly profit beat analyst estimates, signaling robust performance despite a challenging economic environment. However, credit impairments for the quarter rose slightly compared to the previous year.

10. Sudan’s Paramilitary Forces Accused of Mass Killings at Darfur Hospital

Allegations of mass killings and air strikes by the Rapid Support Forces (RSF) paramilitary at a hospital in Darfur, Sudan, have been raised by residents and aid workers. Videos and aerial images suggest that the RSF is carrying out mass ethnic killings in the recently captured city of El Fashir, deepening the humanitarian crisis of the civil war.

Sources: Reuters, Bloomberg
This summary was compiled using AI analysis by Global Chronicle.