Israel, Iran trade strikes for third day as hundreds reported dead

[ad_1] Fire and smoke rises from the Sharan Oil depot in Tehran, Iran Israel and Iran launched fresh attacks on each other on Sunday, killing scores of civilians and raising fears of a wider conflict, and US President Trump said it could be ended easily while warning Tehran not to strike any US targets. Israel […]

Nuclear sites hit, oil depot targeted: Israel-Iran trade heavy blows; key details

[ad_1] A day after the Khamenei-led Islamic Republic struck the IDF’s military base in Tel Aviv, Israel launched a major counteroffensive on Sunday, directly targeting Tehran’s defence and energy infrastructure in a sharp escalation of hostilities between the two arch-rivals.IDF also hit Iranian Shahran oil facility in its latest series of attacks.In response, Iran fired […]

‘Take it or leave it’: Donald Trump may extend July 8 tariff deadline; going to send trade letters out soon

[ad_1] US President Donald Trump on Wednesday said he’s open to extending the July 8 deadline for trade talks before higher tariffs kick in, but added that an extension probably won’t be “a necessity.“Speaking to reporters ahead of a performance at the Kennedy Center Trump said, “We’re rocking in terms of deals. We’re dealing with […]

Trade war: US-China trade talks in London next week; Trump says ‘meeting should go very well’

[ad_1] Donald Trump and Xi Jinping US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer are all set to meet officials in London on Monday for trade negotiations, President Donald Trump announced on Friday.“The meeting should go very well,” the president wrote on Truth Social on Friday afternoon. “Thank […]

France’s Macron on a visit to Vietnam urges for greater cooperation in defense and trade | World News

[ad_1] HANOI: French President Emmanuel Macron called on Monday for closer cooperation between Vietnam and France in an increasingly unstable global landscape as he visited Hanoi as part of a Southeast Asia tour focused on strengthening regional ties. Macron emphasized the need for “an order based on law” at a time of “both great imbalance […]

Kenyans worry a US duty-free trade deal might end and expose them to Trump’s tariffs | World News

[ad_1] NAIROBI: It’s crunch time for the maker of Levi’s and Wrangler jeans in Kenya’s capital, Nairobi. Hundreds of sewing machines whir in a crowded, air-conditioned factory. On another floor, workers pack clothes destined for the US market. The fate of about 16,000 workers in the factory at the United Aryan export processing zone hangs […]

Singapore economy beats Q1 forecasts, warns of trade war risks | World News

[ad_1] SINGAPORE: Singapore’s economy rose faster than expected in the first quarter year-on-year, official data showed Thursday, pushed by stronger global demand as businesses rushed to beat the imposition of higher US tariffs.The government, however, warned that downside risks remained as a full-blown trade war between the United States and China could still reignite after […]

China’s economy slows in April as trade war blues hit retail sales, housing and investment | World News

[ad_1] China’s economy slows in April as trade war blues hit retail sales, housing and investment (Photo: AP) China’s economy showed signs of slowing in April as President Donald Trump’s trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast. Industrial production slowed as Trump’s painfully high […]

India’s port curbs threaten regional trade: Bangladesh | India News

[ad_1] DHAKA: Bangladeshi exporters are raising concerns over India’s newly imposed port restrictions on key export items such as readymade garments (RMG) and processed foods, warning that the move will lead to “delays, higher costs, and disruptions” in bilateral and regional trade. While experts view the restrictions as non-tariff barriers that could significantly impact Bangladesh’s […]

US & China agree to cut tariffs for 90 days in bid to defuse trade war

[ad_1] NEW DELHI: The US-China trade deal has increased the headache for Indian negotiators, who are once again headed to Washington DC to discuss the proposed bilateral trade deal.While signalling movement towards a deal between the world’s two largest trading nations, the 90-day truce, which will see them slash tariffs by 115 percentage points, opens […]