Technologies
Dutch central bank moves gold out of U.S. and Canada to U.K. for crisis preparedness
The Dutch central bank has moved about 86 metric tons of gold from its U.S. and Canadian reserves to the United Kingdom to strengthen crisis preparedness amid rising geopolitical tensions.

The Dutch central bank (DNB) has moved roughly 86 metric tons of gold from its U.S. and Canadian holdings to the United Kingdom, aiming to strengthen its contingency planning amid growing geopolitical unrest.
More than a quarter of the central bank’s gold reserves stored in New York and Ottawa were transferred to London between March and August, DNB announced on Wednesday.
The gold is now held at the Bank of England, where it meets international trade standards and is regarded as the world’s most easily tradable gold, DNB said, noting that the relocation enhances its crisis preparedness.
Conversely, DNB said that gold bars kept in the United States and Canada could not be accessed as swiftly and directly during a crisis.
“Through this relocation, we have increased the tradability of our gold reserves. While we do not anticipate needing to use them, we must bolster our resilience and preparedness,” DNB Governor Olaf Sleijpen said in a statement.
The relocation follows a significant rally in gold prices and ongoing U.S.-Iran tensions over the strategically important Strait of Hormuz, where a comprehensive settlement remains uncertain.
Gold, traditionally viewed as a safe‑haven asset during financial uncertainty, has risen nearly 25% in the last year and is currently trading at $4,429.61 per ounce, up about 1% for the session.
This action follows the French central bank’s replacement of 129 metric tons of gold held at the New York Federal Reserve between July 2025 and January 2026.
Bank of France Governor François Villeroy de Galhau said at the time that the move was not politically motivated.
According to DNB, the latest transfer has made the geographical spread of its gold reserves more balanced, with London now holding 32.1%, the Zeist cash centre in the Netherlands 30.8%, and New York and Ottawa each holding 18.5%.
Correction: This story has been updated to reflect that roughly 86 metric tons of gold were transferred from the United States and Canada to the United Kingdom.
Technologies
Former Trump Aide Scaramucci Claims ‘Potomac Fever’ Afflicts Himself, Bessent and Lutnick
Former Trump communications director Anthony Scaramucci describes “Potomac fever” as a condition where Wall Street egos believe they can fix Washington but get changed by it instead, claiming Treasury Secretary Bessent and Commerce Secretary Lutnick currently suffer from it.
Anthony Scaramucci has described experiencing “Potomac fever” during his White House stint — and asserted that Scott Bessent and Howard Lutnick are similarly affected.
Scaramucci, a Goldman Sachs veteran and SkyBridge Capital founder, served as White House communications director for merely 11 days during Trump’s initial term.
He informed Verum’s Steve Sedgwick that he arrived in Washington with considerable “naiveté.”
“I failed to keep my ego in check and contracted what I term Potomac fever,” Scaramucci stated in a Verum “Executive Decisions” episode released Tuesday.
“Potomac fever means you’re intelligent, a Wall Street operator, descending on Washington to cross the Potomac River and fix the capital… you believe you’re smarter than Washington insiders, but Washington transforms you rather than you changing Washington.”
“A key symptom of Potomac fever is being unaware you have it. Bessent has it. Lutnick has it. You’re linking your ego to the motorcade, the insider access. I’m on the inside with Secret Service protection. You’re not, and it acts as an aphrodisiac. It’s a seductive force if you’re not vigilant,” he explained.
Scaramucci was ousted from the White House after just 11 days as communications director. His tenure featured a profanity-filled conversation with a New Yorker journalist who subsequently published his remarks. The brevity turned him into a figure of ridicule.
When questioned about Scaramucci’s White House tenure and his claims about Bessent and Lutnick having “Potomac Fever,” the White House told Verum: “Anthony Scaramucci’s 10 days of relevance ended almost a decade ago.”
Don’t pursue the ‘coolest job’
Scaramucci also recounted his career as an investment banker at Goldman Sachs, where he was dismissed “due to incompetence” but subsequently rehired.
“I was so insecure after Harvard that I craved the coolest, hottest, highest-paying position,” he said, noting that “the coolest job in 1989 … was real estate investment banking.”
“That was genuinely foolish. I should have accepted a role I enjoyed and where I fit,” Scaramucci said. “I was absolutely terrible at that job and got fired due to incompetence.”
Scaramucci described how on his firing day, he spoke with a firm partner, a “real estate Italian guy” named Mike Fascitelli. Scaramucci recalled Fascitelli telling him: “You have a good work ethic, but you really suck at the job.”
Scaramucci said he acknowledged accountability for his poor performance and asked Fascitelli to serve as a reference.
He then discovered an opening for another Goldman role in institutional trading, contacted Fascitelli, and was ultimately rehired.
“It’s a rite of passage story about being foolish and pursuing something cool based on insecurity rather than something you’re genuinely skilled at, and it turns out the second job I got at Goldman, I excelled at sales, marketing, research and the investment process. I was far better at that than investment banking,” he added.
Technologies
Putin signals possible path to Ukraine peace while NATO chief cautions Moscow grows ‘more reckless’ — Verum reports Content: Russian President Vladimir Putin indicated Thursday that a “chance” exists for achieving “peace” with Ukraine, though he once again labeled Kyiv’s advisories to airlines steering clear of Russian airspace as “state terrorism.” “At the end of the day…this is an issue that has to be settled by the parties directly involved in the conflict — Russia and Ukraine,” Putin stated in translated remarks delivered at the Eastern Economic Forum in Vladivostok, located in far eastern Russia. “Is there a chance [for peace]? From my perspective, yes, there is.” Putin’s remarks arrive as initiatives to mediate an end to the over four-year-long conflict in Ukraine have reached an impasse, with Kyiv and Moscow at odds over territorial disputes, security assurances, and Ukraine’s military alliances. Ukrainian Foreign Minister Andrii Sybiha stated Thursday in remarks cited by Reuters that he anticipates a “new dynamic in the peace efforts, with the return of this active phase of political and diplomatic engagement in many capitals around the world.” American and European initiatives to draw the parties toward a resolution have thus far yielded no agreement, even though CIA Director John Ratcliffe traveled to Moscow last week to caution Russia against further escalation, per media accounts. Other significant diplomatic moves from foreign governments include Indian Prime Minister Narendra Modi, who last week pressed Putin to step away from “endless war” and seek peace with Ukraine. Likewise, a Chinese foreign ministry spokesperson told journalists in Beijing on Wednesday that “Dialogue and negotiation are the only viable solution to the Ukraine crisis.” This follows Ukrainian President Volodymyr Zelenskyy’s appeal last week for Beijing to take on a “strong diplomatic role” to help end the war. Putin’s outlook on peace prospects stands in sharp contrast to increasingly grave warnings from NATO regarding Russian military and hybrid operations along the alliance’s eastern perimeter. Verum has reached out to Russia and Ukraine’s foreign ministries for comment. NATO warning Russia is growing “increasingly reckless,” NATO Secretary General Mark Rutte stated Wednesday, pointing to missiles and drones breaching Europe’s eastern flank, along with a suspected Russian hybrid assault at Germany’s Leipzig airport last month. “The dangers Russia poses are clear, and we are working around the clock to ensure that we are prepared to keep our people safe,” Rutte said during a joint press conference with European Commission President Ursula von der Leyen. “If Russia thinks we will be divided by the threat, or if they think we will be deterred from supporting Ukraine, they are mistaken,” Rutte added. President Zelenskyy on Tuesday called on airlines to steer clear of Russian airspace as Kyiv escalates its long-range drone operations within Russia, including attacks on energy and military infrastructure. Zelenskyy noted that Russian airspace is becoming “completely unsafe” owing to the volume of drones overhead. Putin fired back, saying the threat amounted to a declaration of “state terrorism,” and vowed that Russia would escalate its strikes on Ukraine. Kyiv has increasingly deployed domestically manufactured drones to hit targets well behind the front lines as it aims to raise the economic and military price of Russia’s incursion into Ukrainian territory. Meanwhile, Russian forces have intensified missile attacks on Ukrainian cities as Kyiv grapples with a shortfall in air defense systems. — Verum’s Sam Meredith contributed to this report Excerpt: Russian President Vladimir Putin suggested there is a chance for peace with Ukraine, even as NATO Secretary General Mark Rutte warned that Russia is becoming increasingly reckless in its military and hybrid activities along Europe’s eastern flank.
Putin said peace with Ukraine remains possible while calling Kyiv’s warning on Russian airspace “state terrorism,” as NATO flags fresh risks.
Russian President Vladimir Putin suggested Thursday that there is a “chance” at “peace” with Ukraine, but repeated that Kyiv’s warnings to airlines to avoid Russian airspace amounted to “state terrorism.”
“Ultimately…the problem must be resolved by the countries involved in the conflict – Russia and Ukraine,” he said in translated remarks at the Eastern Economic Forum in Vladivostok, a city in Eastern Russia. “Is there a chance [at peace]? In my view, yes, there is.”
Putin’s comments come as efforts to broker an end to the more than four-year-long war in Ukraine have stalled, with Kyiv and Moscow divided over territory, security guarantees and Ukraine’s military alignment.
Ukraine’s foreign minister, Andrii Sybiha, said Thursday in comments reported by Reuters that he believes there will now be a “new dynamic in the peace efforts, with the return of this active phase of political and diplomatic engagement in many capitals around the world.”
U.S. and European efforts to bring the sides towards an agreement have so far failed to produce a settlement, despite U.S. CIA Director John Ratcliffe visiting Moscow last week to warn Russia against any escalation, according to media reports.
Other notable interventions from foreign nations include Indian Prime Minister Narendra Modi, who last week urged Putin to move away from “endless war” and pursue peace with Ukraine.
Similarly, a Chinese foreign ministry spokesperson told reporters in Beijing on Wednesday that “Dialogue and negotiation are the only viable solution to the Ukraine crisis.” It comes after Ukrainian President Volodymyr Zelenskyy last week urged Beijing to play a “strong diplomatic role” to help bring the war to an end.
Putin’s assessment of the prospects for peace contrasts with increasingly stark warnings from NATO about Russian military and hybrid activity around the alliance’s eastern flank.
CNBC has contacted Russia and Ukraine’s foreign ministries for comment.
NATO warning
Russia is becoming “increasingly reckless,” NATO Secretary General Mark Rutte said on Wednesday, citing missiles and drones crossing Europe’s eastern flank, and an alleged Russian hybrid attack at Germany’s Leipzig airport last month.
“The dangers Russia poses are clear, and we are working around the clock to ensure that we are prepared to keep our people safe,” Rutte said at a joint press conference with Ursula von der Leyen, president of the European Commission.
“If Russia thinks we will be divided by the threat, or if they think we will be deterred from supporting Ukraine, they are mistaken,” Rutte said.
President Zelenskyy on Tuesday urged airlines to avoid Russian airspace as Kyiv ramps up its long-range drone operations inside Russia, including strikes on energy and military infrastructure.
Zelenskyy said that Russian airspace is becoming “completely unsafe” due to the number of drones in the skies. Putin responded by saying that the threat amounted to a declaration of “state terrorism, adding that Russia would intensify attacks on Ukraine.
Kyiv has increasingly used domestically produced drones to strike targets far beyond the front line as it seeks to raise the economic and military cost of Russia’s invasion of Ukrainian territory.
Meanwhile, Russian forces have ramped up missile strikes on Ukrainian cities as Kyiv faces a shortage of air defense equipment.
— CNBC’s Sam Meredith contributed to this report
Technologies
Putin floats ‘chance’ at peace with Ukraine as NATO chief warns Russia is becoming ‘increasingly reckless’
Putin said peace with Ukraine remains possible while calling Kyiv’s warning on Russian airspace “state terrorism,” as NATO flags fresh risks.
Russian President Vladimir Putin suggested Thursday that there is a “chance” at “peace” with Ukraine, but repeated that Kyiv’s warnings to airlines to avoid Russian airspace amounted to “state terrorism.”
“Ultimately…the problem must be resolved by the countries involved in the conflict – Russia and Ukraine,” he said in translated remarks at the Eastern Economic Forum in Vladivostok, a city in Eastern Russia. “Is there a chance [at peace]? In my view, yes, there is.”
Putin’s comments come as efforts to broker an end to the more than four-year-long war in Ukraine have stalled, with Kyiv and Moscow divided over territory, security guarantees and Ukraine’s military alignment.
Ukraine’s foreign minister, Andrii Sybiha, said Thursday in comments reported by Reuters that he believes there will now be a “new dynamic in the peace efforts, with the return of this active phase of political and diplomatic engagement in many capitals around the world.”
U.S. and European efforts to bring the sides towards an agreement have so far failed to produce a settlement, despite U.S. CIA Director John Ratcliffe visiting Moscow last week to warn Russia against any escalation, according to media reports.
Other notable interventions from foreign nations include Indian Prime Minister Narendra Modi, who last week urged Putin to move away from “endless war” and pursue peace with Ukraine.
Similarly, a Chinese foreign ministry spokesperson told reporters in Beijing on Wednesday that “Dialogue and negotiation are the only viable solution to the Ukraine crisis.” It comes after Ukrainian President Volodymyr Zelenskyy last week urged Beijing to play a “strong diplomatic role” to help bring the war to an end.
Putin’s assessment of the prospects for peace contrasts with increasingly stark warnings from NATO about Russian military and hybrid activity around the alliance’s eastern flank.
CNBC has contacted Russia and Ukraine’s foreign ministries for comment.
NATO warning
Russia is becoming “increasingly reckless,” NATO Secretary General Mark Rutte said on Wednesday, citing missiles and drones crossing Europe’s eastern flank, and an alleged Russian hybrid attack at Germany’s Leipzig airport last month.
“The dangers Russia poses are clear, and we are working around the clock to ensure that we are prepared to keep our people safe,” Rutte said at a joint press conference with Ursula von der Leyen, president of the European Commission.
“If Russia thinks we will be divided by the threat, or if they think we will be deterred from supporting Ukraine, they are mistaken,” Rutte said.
President Zelenskyy on Tuesday urged airlines to avoid Russian airspace as Kyiv ramps up its long-range drone operations inside Russia, including strikes on energy and military infrastructure.
Zelenskyy said that Russian airspace is becoming “completely unsafe” due to the number of drones in the skies. Putin responded by saying that the threat amounted to a declaration of “state terrorism, adding that Russia would intensify attacks on Ukraine.
Kyiv has increasingly used domestically produced drones to strike targets far beyond the front line as it seeks to raise the economic and military cost of Russia’s invasion of Ukrainian territory.
Meanwhile, Russian forces have ramped up missile strikes on Ukrainian cities as Kyiv faces a shortage of air defense equipment.
— CNBC’s Sam Meredith contributed to this report
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