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 a […]
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 quite […]
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 you […]
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 and […]
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 in […]
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 the […]
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 tariffs […]
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 export […]
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 the […]
US announces trade deal with China The US on Sunday announced that it had struck a trade deal with China after two days of negotiation facilitated by the Swiss government in Geneva. The details of the deals have not been announced yet.The weekend talks marked a significant step toward thawing US-China trade relations as ahead […]
