Pakistan proposes low-emissions corridor at ECO summit
Pakistani Prime Minister Shehbaz Sharif on Friday proposed creating a low-emissions corridor and regional climate initiatives under the Economic Coope...
South Korea’s top trade envoy Yeo Han-koo began a visit to Washington on Friday, aiming to secure a new trade framework with the United States before a 90-day pause on U.S. reciprocal tariffs expires.
The talks come as Seoul seeks exemption or reductions from U.S. tariffs, particularly the 25% duties on steel, automobiles and other goods. Yeo is scheduled to meet U.S. Trade Representative Jamieson Greer and other senior officials to advance negotiations.
The U.S. has requested broader access to South Korea’s agriculture, automotive, digital and service markets. Yeo said South Korea would respond “flexibly,” balancing U.S. demands with domestic economic concerns. He also signalled Seoul may push to extend the tariff suspension depending on talks.
According to the Trade Ministry, discussions will also explore ways to support a U.S. “manufacturing renaissance.”
Separately, South Korea’s National Assembly approved a supplementary budget worth $23.3 billion — the first under President Lee Jae Myung’s administration. The bill passed in a 168–3 vote, with the main opposition boycotting the session.
The funding follows President Lee’s recent debt relief plan aimed at supporting around 1.23 million small business owners struggling with a combined $16.3 billion in unpaid debt.
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.
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The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Equatorial Guinea has filed a case at the International Court of Justice (ICJ) to stop France from selling a disputed mansion in Paris and to regain full access to the property, the UN court said Friday.
U.S. President Donald Trump signed his landmark “One Big, Beautiful Bill” into law on Friday, calling it a "triumph of democracy" during a Fourth of July ceremony at the White House.
Rwandan President Paul Kagame welcomed the U.S.-mediated peace agreement with the Democratic Republic of Congo, but warned its success depends on both sides showing genuine commitment.
At least thirteen people have died and several others, including children, are missing after severe flooding hit central Texas overnight, affecting areas west of Austin and cutting off access to several summer camps.
Hamas has submitted its response to the U.S.-brokered Gaza ceasefire proposal to mediators and says it is ready to begin immediate talks.
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