Colombia's president pegs early quake losses at $9.6 billion
The economic losses from a powerful earthquake that struck Colombia ...
U.S. President Donald Trump has released a new round of tariff letters targeting 12 countries, warning of sharp trade penalties set to take effect from 1 August.
In a post on Truth Social, Trump said he had sent the letters to Malaysia, Kazakhstan, Tunisia, South Africa, Bosnia and Herzegovina, Indonesia, Bangladesh, Serbia, Cambodia, Thailand, Laos and Myanmar.
This follows similar announcements made earlier this month regarding Japan and South Korea.
The letters outlined specific tariff rates that will apply to each country’s exports to the United States starting next month. Trump also warned that any retaliatory action could lead to even higher tariffs.
“These rates could be adjusted up or down depending on our relationship with your country,” Trump wrote, suggesting the measures may be revised in the future.
According to the published letters, the following tariff rates will apply:
Trump also reiterated that all goods imported from Japan and South Korea will face an additional 25% duty—separate from existing sector-specific tariffs—starting on 1 August.
At least 11 people were killed in Israeli strikes on southern Lebanon on Saturday, among the deadliest since a June ceasefire. Meanwhile, Qatar denied holding Iranian pilots. It said it had found the remains of one pilot after an airspace violation and had contacted Iran to coordinate a handover.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
A wildfire in Croatia driven by strong winds descended on the tourist town of Omis overnight, engulfing houses, forcing about 1,000 people to evacuate to safety and injuring dozens, fire brigade and health officials said on Friday.
South Korea's presidential Blue House said on Monday it was reviewing U.S. President Donald Trump's comments on scaling back joint military drills. It added that it hoped a favourable relationship between Washington and Pyongyang could lead to meaningful talks.
Residents of villages in eastern Indonesia hit by a deadly earthquake that killed at least 54 people were awaiting aid on Monday as rescuers prepared to comb through collapsed buildings in search of people trapped beneath the rubble.
The economic losses from a powerful earthquake that struck Colombia last week are expected to reach 30 trillion pesos ($9.58 billion), Colombia's President Abelardo De La Espriella said on Monday.
Taiwan is preparing to spend more money on its military than ever before, with President Lai Ching-te announcing plans for a record defence budget of $31.4 billion for 2027, taking military spending above three per cent of GDP for the first time.
German Chancellor Friedrich Merz is facing growing pressure as his approval ratings fall and the far-right Alternative for Germany (AfD) party gains support.
Central Asia has become a major focus for Eurasian transport investment, with $71.7 billion committed to 114 projects, according to the Eurasian Development Bank’s 2026 Transport Observatory.
The European Union is preparing what foreign policy chief Kaja Kallas has described as its most far-reaching sanctions package against Russia since the war in Ukraine began.
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