Iranian Foreign Ministry: Iran-US technical talks have begun in Switzerland

GENEVA, June 22 (AP) — U.S. Vice President Vance delivered a speech here Thursday, disclosing that the United States has launched a coordination mechanism designed to stop further escalation of conflicts in the Middle East, adding that the initiative is already delivering early results as evidenced by recent calm in Lebanon. Vance stressed that continued escalation of the conflicts would do nothing to advance anyone’s security interests and could instead weaken the region’s overall security situation. To mitigate this risk, Washington has established communication and coordination processes with relevant parties to prevent the situation from deteriorating further. Based on recent developments, Vance noted the mechanism is off to a promising start. “Over the past 24 hours, Lebanon has seen one of its calmest periods in recent times, and the preceding 24 hours were also relatively stable,” he said.

On June 22, police in Nanjing, China, announced the resolution of the country’s largest gold theft case to date. All 11 suspects involved have been taken into custody, and the full 27 kilograms of stolen gold has been recovered. In the early hours of May 16, 2026, a luxury store in Nanjing’s Jiangning District was targeted in a meticulously planned heist. Ringleader Tong climbed through a second-floor window and stole 27 kilograms of gold—37 pieces worth over 27 million yuan. Notably, he avoided touching nearby luxury watches and other high-end items. Accomplice Wang had snuck into the store’s control room beforehand to disable roughly 80 security cameras, wipe all footage, and flee to Bangkok to act as the operation’s "remote director." The crime scene showed no forced entry (door locks remained intact), and erased surveillance footage initially left police stumped. Nanjing’s special task force recovered the wiped surveillance data and tracked public video feeds to reconstruct Tong’

June 22 — Former Federal Reserve Chairman Alan Greenspan died Tuesday at age 100, according to a statement from his wife, as reported by NBC. Greenspan is one of the longest-tenured Federal Reserve Chairmen in U.S. history, serving 18 consecutive years in the role from 1987 to 2006 across the presidential administrations of Ronald Reagan, George H.W. Bush, Bill Clinton, and George W. Bush. He was widely recognized for his work curbing inflation and upholding financial stability. During the 1990s, he presided over a decade-long U.S. economic boom that earned him the nickname "Maestro of the Economy." However, Greenspan’s historical legacy remains deeply controversial. His decades-long advocacy for financial deregulation and commitment to low interest rates are seen by many economists as key factors leading to the 2008 global financial crisis. The bursting of the U.S. housing bubble and subsequent subprime mortgage crisis triggered a worldwide financial meltdown. During a 2008 congress

June 22: U.S. Vice President JD Vance spoke in Switzerland, saying negotiations with Iran have been going extremely smoothly and have made notable progress. Technical talks will continue, he added, as he heads back to the U.S. The technical team still has plenty of work ahead, with technical negotiations set to continue over the coming weeks and days. Vance noted Iran has agreed to invite International Atomic Energy Agency (IAEA) inspectors back for a follow-up visit. Inspectors could start work as early as this week—maybe even today—and he said he might hold discussions with nuclear inspectors later today. He emphasized that if Iran spreads falsehoods, President Trump will respond firmly. On regional issues, Vance said the U.S. has established a de-escalation mechanism for Lebanon, aiming to get Hezbollah to stop firing at Israel. The mechanism is meant to contain the conflict in Lebanon while ensuring proper coordination and respecting Lebanon’s sovereignty. Additionally, Vance sa

June 22: Newly appointed Federal Reserve Chair Kevin Wash—nominated by former President Trump—is pushing for a major overhaul of the Fed’s monetary policy communication strategy. The central bank’s new leader advocates scaling back interventionist rhetoric, instead letting financial market pricing act as the primary signal for shaping economic and inflation expectations, breaking with the Fed’s longstanding tradition of relying on “forward guidance.” At the Fed’s June policy meeting, officials held interest rates steady but signaled additional hikes could come later this year. In response, the 2-year Treasury yield climbed to roughly 4.177%, hitting a fresh high not seen since February 2025. Headline inflation remains above 4% against a complicated macroeconomic backdrop. Historical data shows rate hikes don’t always end bull markets: in the five rate-hike cycles since the 1990s, the S&P 500 advanced four times during those periods, with the 2015–2018 cycle seeing the index surge by

June 22. On June 21, Li Bei, founder of Shanghai-based Shanghai Banxia Investment Management Center, released an open letter to investors, revealing that her fund recorded a significant net asset value (NAV) decline due to its holdings in the energy, real estate, consumer, and building materials sectors. The fund’s current net equity exposure is 50%, with positions moderately reduced by liquidating holdings with insufficient conviction. In the letter, Li Bei openly admitted that the relevant holdings have come under heavy pressure recently, with corrections in the domestic demand and real estate sectors exceeding expectations. The most attention-grabbing part of the letter directly addressed current market sentiment: She fully understands investors who have lost patience, respects those choosing to redeem and remain on the sidelines, but for those looking to redeem to chase AI gains, she said, “Even if you scold me, I still want to advise: please be cautious.” Regarding the reasoning