Trump announces 20% tariff on Vietnamese exports in scaled-back trade move
U.S. President Donald Trump has announced a reduced 20% tariff on many Vietnamese exports, down from a previously planned 46%, in what he described as...
A tragic ferry accident near Bali has left four dead and dozens missing, as rescue teams battle rough seas to locate survivors.
A ferry carrying 65 people sank near Indonesia’s Bali island late Wednesday, resulting in four confirmed deaths and 30 people still missing, according to the country's Search and Rescue Agency.
The KMP Tunu Pratama Jaya went down roughly 30 minutes after departing from Banyuwangi port in East Java on its way to Bali.
Onboard were 53 passengers, 12 crew members, and 22 vehicles.
While 31 people survived the incident, authorities said that ongoing rescue operations were challenging because of strong currents and high winds. A helicopter and a team of 13 underwater rescuers have been deployed.
Footage from the national rescue agency Basarnas showed a body being retrieved and brought ashore.
Authorities have not yet confirmed the nationalities of those on board, but local media reports suggest no foreigners were among the passengers.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
The European Union has raised Ukraine's electricity export capacity by 38.5%, enabling the country to generate additional revenue to repair energy infrastructure damaged by Russian attacks.
Australia has finalised a AU $2 billion ($1.3 billion) purchase of U.S. made supersonic missiles, reinforcing its commitment to defence investment while stopping short of U.S. calls to adopt a higher military spending target.
U.S. President Donald Trump has announced a reduced 20% tariff on many Vietnamese exports, down from a previously planned 46%, in what he described as a new trade framework with Hanoi.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
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