Business Brief (April 8): Trump Agrees to Two-Week Ceasefire With Iran

Published: Apr. 8, 2026 6:37 p.m. GMT+8

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U.S. agrees to ceasefire with Iran

U.S. President Donald Trump said Tuesday evening on social media that he agreed to a two-week ceasefire with Iran. The agreement followed a request from Pakistan’s Prime Minister Shehbaz Sharif and army chief Asim Munir, and is conditioned on Iran fully, immediately and safely opening the Strait of Hormuz.

CATL hires Zijin Mining founder

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Trump announced US two-week ceasefire with Iran, requested by Pakistan, conditional on Strait of Hormuz opening.
CATL hired Zijin Mining founder Chen Jinghe as mining advisor for mineral supply chain expansion.
Foxconn trials iPhone Fold for September launch with iPhone 18 Pro at 14,000-15,000 yuan.

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Who’s Who

Contemporary Amperex Technology Co. Limited: Contemporary Amperex Technology Co. Ltd. (CATL) hired Chen Jinghe, founder of Zijin Mining Group Co. Ltd., as an advisor to its mining department to expand its mineral supply chain. CATL has invested in lithium, nickel, cobalt, and phosphorus for battery production.

Zijin Mining Group Co. Ltd.: CATL hired Chen Jinghe, founder of Zijin Mining Group Co. Ltd., as an advisor to its mining department to expand its mineral supply chain in lithium, nickel, cobalt, and phosphorus.

Foxconn: Foxconn is trial-producing Apple's first foldable phone, the iPhone Fold, expected to launch in September alongside the iPhone 18 Pro series. It will be Apple's most expensive smartphone, with starting prices on the Chinese mainland at 14,000-15,000 yuan.

Apple Inc.: Foxconn is trial-producing Apple's first foldable phone, the iPhone Fold, expected to launch in September alongside the iPhone 18 Pro series. It will be Apple's most expensive smartphone, with starting prices of 14,000-15,000 yuan in China.