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...
Ukrainian President Volodymyr Zelenskyy signalled that a ceasefire on energy infrastructure strikes could be swiftly arranged, provided Russia complies with the agreement.
Following a call with U.S. President Donald Trump—marking their first conversation since a tense Oval Office meeting—Kyiv is drafting a list of critical sites for a truce, with Washington acting as a mediator. The proposal may extend beyond energy facilities to include rail and port infrastructure.
Zelenskyy confirmed that Russian President Vladimir Putin had agreed to halt attacks on energy infrastructure. However, he stressed the need for a formal agreement before any pause takes effect. Talks between Ukrainian and U.S. officials are expected to continue in Saudi Arabia later this week.
Trump suggested U.S. involvement in Ukraine’s energy sector, but Zelenskyy clarified that their discussion was limited to the Russian-occupied Zaporizhzhia nuclear power plant. He indicated that Kyiv may consider U.S. investment in the facility’s modernisation if it is returned to Ukrainian control.
Despite progress on the energy front, Zelenskyy voiced scepticism about a broader ceasefire while Ukrainian troops remain in Russia’s Kursk region. Meanwhile, Ukraine has received additional F-16 fighter jets but has not disclosed details regarding their quantity or arrival date.
As negotiations unfold, Ukraine, Russia, and the U.S. continue to explore ways to de-escalate tensions, with energy infrastructure at the centre of the latest diplomatic efforts.
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 World Health Organization has called for a 50% price increase on sugary drinks, alcohol, and tobacco over the next decade, pushing for taxation as a means to reduce chronic diseases and raise funds for health systems.
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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