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The Indian Ministry of External Affairs stated that the agreement between ASML (ASML.O) and Tata Electronics was signed in the presence of the leaders of India and the Netherlands.

On May 17, ASML and Tata Electronics reached a cooperation agreement aimed at accelerating India's goal of developing its domestic chip manufacturing capabilities. According to a joint statement released by ASML and Tata Electronics on Saturday, the Dutch company's technology will help Tata Electronics build a 300mm (12-inch) semiconductor foundry in Gujarat. The signing of the memorandum of understanding coincided with Indian Prime Minister Modi's visit to the Netherlands, a trip aimed at deepening bilateral relations.

According to the White House press corps, U.S. President Trump was at Sterling National Golf Club in Sterling, Virginia, today.

According to the Islamic Republic of Iran Broadcasting (IRIB), Saudi oil production has fallen to its lowest level since 1990 due to disruptions in the Strait of Hormuz.

May 17th - According to The Information, sources familiar with the matter revealed that BlackRock has discussed investing $5 billion to $10 billion in SpaceX's IPO next month. This massive investment, targeting an IPO that could raise up to $75 billion, would represent a vote of confidence from the world's largest asset management firm in Musk's company. This investment also reflects market participation in what will be the largest IPO in history, despite SpaceX's pursuit of an extremely high valuation and plans to leave investors with virtually no power to challenge management decisions.

According to The Information, BlackRock's subscription orders for SpaceX's latest offering could amount to as much as $75 billion.

According to The Information, BlackRock has explored investing $5 billion to $10 billion in SpaceX’s initial public offering (IPO) next month.

According to the European-Mediterranean Seismological Centre, a 6.4-magnitude earthquake struck off the coast of Antigua and Barbuda at 10:50 a.m. local time on the 16th. The epicenter was located at 17.2336 degrees north latitude and 61.3383 degrees west longitude, with a focal depth of approximately 70 kilometers. There are currently no reports of casualties or property damage.

According to the official measurement of the China Earthquake Networks Center, a magnitude 3.4 earthquake occurred at 22:53 on May 16 in Wuqia County, Kizilsu Kirghiz Autonomous Prefecture, Xinjiang (40.47 degrees north latitude, 74.86 degrees east longitude), with a focal depth of 12 kilometers.

The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 6.1 occurred near the Leeward Islands (17.56°N, 61.08°W) at 22:50 on May 16. The final result is subject to the official rapid report.

On May 16, according to a report by the Islamic Republic of Iran Broadcasting (IRNA), a fire broke out at an oil factory in the northwestern Iranian city of Maragay at around 10:00 AM. The Iranian Red Crescent website reported that IRNA official Mohammad Hossein Kabadi stated that the organization's rescue personnel immediately rushed to the scene after receiving the fire report to conduct search and rescue operations. As of now, the fire has injured at least 10 people, and the rescue operation is still ongoing.

Tesla's US website shows that the price of the Model Y Performance All-Wheel Drive version in the US has been increased from $57,490 to $57,990.

Tesla's US website shows that the price of the Model Y Long Range Rear-Wheel Drive version in the US has been increased from $44,990 to $45,990.

Tesla's US website shows that the price of the Model Y Long Range All-Wheel Drive version in the US has been increased from $48,990 to $49,990.

On May 16th, European Central Bank (ECB) Governing Council member Stournaras stated that a small interest rate hike by the ECB could curb inflation without causing economic damage. Even if the inflation rate is significantly above the target level for a period of time, as long as it is temporary, future tightening of monetary policy should be more moderate. This would both curb further inflation and avoid excessive shock to economic activity. The duration and intensity of the energy crisis, and its transmission mechanism to the real economy, will also determine the ECB's response. The ECB will continue to closely assess all available data and is prepared to set policy rates at a level consistent with maintaining price stability in the medium term. This typically dovish official emphasized that there is currently no strong evidence of a second round of inflation, but he also warned of rising uncertainty, as damage to energy infrastructure in the Gulf region could prolong inflationary pressures in the medium term. Extended delivery times and rising input costs indicate that supply chains are facing increasing pressure.

May 16th - Despite geopolitical tensions and a flood of synthetic diamonds, Zimbabwe's main state-owned diamond miner plans to produce 5 million carats of diamonds this year, up from 3.8 million carats in 2025. Douglas Zambangor, CEO of United Diamonds Zimbabwe, told lawmakers in the eastern town of Mutare that the country's diamond industry has experienced a more severe downturn than the international market due to a series of local problems. While international rough diamond prices have fallen by 26% to 35%, Zimbabwean diamonds have plummeted from a peak of $79 per carat to $22 per carat due to product mix issues, geopolitical tensions, synthetic diamonds, market collusion, and an unfavorable sales framework. The international diamond market remains sluggish, especially for unique rough diamonds, with prices projected to range between $22 and $34 per carat by 2026. In contrast, other producers are averaging $100 per carat for high-quality rough diamonds.

May 16th - According to sources, FIFA Secretary General Matthias Grafström will meet with officials from the Iranian Football Federation in Istanbul, Turkey, on the 16th. FIFA will "assure" Iran that it will be able to participate in the 2026 FIFA World Cup. US Secretary of State Rubio previously stated that Iranian footballers will be welcomed at this World Cup, but also warned that the US may still ban Iranian team members with ties to the Islamic Revolutionary Guard Corps from entering the country.

May 16 - According to sources cited by Iran's state news agency, Pakistani Interior Minister Naqvi arrived in Tehran a few hours ago to meet with Iranian officials.