Asian factories struggle under U.S. tariff cloud despite signs of modest recovery
Factory activity across much of Asia remained subdued in June as the uncertainty surrounding U.S. trade policy weighed heavily on manufacturing sentim...
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 7th, covering the latest developments you need to know.
1. Trump compares tariffs to 'medicine' as Asian markets convulse
U.S. President Donald Trump said on Sunday foreign governments would have to pay "a lot of money" to lift sweeping tariffs that he characterized as "medicine," prompting further carnage in global financial markets.
Asian stocks posted steep losses in early trading on Monday and U.S. stock market futures opened sharply lower as investors registered concerns that Trump's tariffs could lead to higher prices, weaker demand, lower confidence and potentially a global recession.
2. Zelenskyy slams US lack of response to Putin truce rejection
Ukraine's President Volodymyr Zelenskyy on Sunday lamented the lack of a US response to Russia's refusal to agree "a full, unconditional ceasefire" as two people were killed in Moscow's latest aerial bombardment.
Russia mounted a "massive" missile and drone attack on Ukraine that also wounded seven people, Zelenskyy said, warning that Moscow was stepping up its aerial attacks.
3. South Korea cabinet to decide on June 3 presidential election date, Yonhap says
South Korea's cabinet is expected to finalise a June 3 date for a presidential election following the removal of Yoon Suk Yeol last week for his short-lived martial law declaration, Yonhap news said on Monday.
Although not required by law, the cabinet will make the decision at a meeting on Tuesday, as it needs to approve a holiday for the event, Yonhap cited an unidentified government official as saying.
4. Medical helicopter crashes into sea off Japan, killing 3 while 3 are rescued
A total of six passengers were on board the helicopter heading to a hospital in Fukuoka city from Tsushima Island in the Nagasaki region on Sunday afternoon.
Ryuji Tominaga, the hospital’s head, told reporters that the accident was “utterly heartbreaking.”
5. Ukraine will send a team to the US next week for talks on a new draft mineral deal
“The new draft agreement from the U.S. shows that the intention to create a fund or jointly invest remains,” Svyrydenko said Saturday, during a trip to northern Ukraine.
6. US measles outbreak claims life of 2nd child in Texas, raising national death toll to 3
The US measles outbreak has claimed the life of a second child in the state of Texas, the Department of Health and Human Services confirmed late Saturday, according to media reports.
The latest casualty brings the total number of measles deaths in the US to three, including an adult who died in the neighboring state of New Mexico in March.
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.
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.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Billionaire Elon Musk has vowed to form a new political party if Donald Trump’s massive spending bill is passed by Congress, slamming it as evidence of a “one-party country.”
Russia launched a record 5,337 drones at Ukraine in June alone, marking the most intense month of drone warfare since the start of the full-scale invasion, according to Ukraine’s Air Force.
The U.S. Senate is locked in a marathon voting session over President Donald Trump’s wide-reaching budget proposal, dubbed the 'One Big Beautiful Bill Act,' as it hangs in the balance amid internal Republican divisions and fierce Democratic opposition.
One person was killed and two seriously injured in a stabbing incident by a man with a sharp object at an electric utility company in south-central Germany, police said.
The European Union has extended the restrictive measures on Russia for an additional six months, until 31 January 2026, due to the Moscow's ongoing actions destabilizing the situation in Ukraine.
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