US to impose 15% reciprocal and auto tariffs on South Korean exports
U.S. Commerce Secretary Howard Lutnick confirmed that South Korea’s reciprocal and auto tariff rate will be set at 15%, averting a steeper 25% levy ...
Vietnam is set to confirm the purchase of 50 Boeing planes worth $8 billion, alongside agreements to import $2.9 billion in U.S. agricultural products, as part of a wider trade deal, Politico reported on Wednesday.
The announcement follows high-level talks between U.S. and Vietnamese officials, signalling strengthened economic ties.
The Southeast Asian nation is poised to conclude the long-discussed aircraft deal alongside existing agreements to buy $2.9 billion worth of U.S. agricultural products.
In September 2023, Vietnam Airlines signed a $7.8 billion contract with Boeing following a meeting between former U.S. President Joe Biden and Vietnamese Prime Minister Pham Minh Chinh in Hanoi.
On the same day the report emerged, U.S. President Donald Trump announced a new trade agreement with Vietnam, describing the cooperation as “a great deal between our two countries.”
Both parties are working towards finalising the deal within the coming weeks.
Boeing has yet to confirm the report.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
U.S. Commerce Secretary Howard Lutnick confirmed that South Korea’s reciprocal and auto tariff rate will be set at 15%, averting a steeper 25% levy ahead of the 1 August deadline.
Microsoft expects to invest about $30 billion in capital expenditures this quarter, part of an overall record of more than $80 billion planned for fiscal 2025, as its AI-powered cloud services continue to accelerate revenue and market value.
Egypt's military dropped humanitarian aid by parachute over parts of Gaza on 30 July, targeting areas unreachable by road as famine warnings intensify.
The United States and Israel have criticised Canada’s announcement that it will recognise the State of Palestine at the UN General Assembly in September, warning the move rewards Hamas and undermines peace efforts.
Canadian Prime Minister Mark Carney announced that Canada plans to recognise the State of Palestine at the 80th United Nations General Assembly in September 2025, aligning with France and other nations advocating for Palestinian statehood.
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