OPEC+ to boost oil output by 548,000 bpd in August to regain market share
OPEC+ has agreed to raise oil production by 548,000 barrels per day in August, accelerating output increases amid geopolitical tensions and pressure f...
President Trump said Sunday that the world now understands the U.S. is serious about addressing trade imbalances. Following his “Liberation Day” tariff announcement, he claimed global leaders have reached out for relief, but stressed the need for fair trade and reciprocity.
U.S. President Donald Trump said on Sunday that it’s clear the world now understands the U.S. is serious about fixing trade imbalances. He claimed that since announcing new tariffs earlier this month, global leaders and business executives have reached out seeking relief.
Posting on his Truth Social platform, Trump said his April 2 "Liberation Day" announcement which introduced reciprocal tariffs on nations he accuses of unfair trade, has led to international reactions.
"They must correct decades of trade abuse", Trump wrote, adding that rebuilding America’s wealth and achieving fair trade will not be easy, but necessary.
Trump's recent flurry of tariff-related statements has sparked concerns over potential global economic disruptions.
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The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
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.
While the White House touts strong job gains as the “Trump effect,” economists caution that aggressive immigration enforcement may undermine labour supply and long-term economic growth.
OPEC+ has agreed to raise oil production by 548,000 barrels per day in August, accelerating output increases amid geopolitical tensions and pressure from U.S. President Donald Trump to help ease fuel prices.
The 17th Summit of the Economic Cooperation Organization (ECO) took place in Khankendi on 3–4 July 2025, focusing on “A New Vision of ECO for a Sustainable and Climate-Resilient Future.” The summit, initiated by President Ilham Aliyev, highlighted reconstruction in liberated territories and set econ
Japan plans to export six used naval destroyers to the Philippines to bolster its maritime defence capabilities against China's growing presence, Japanese media reported Sunday.
President Donald Trump has signed into law a $170 billion immigration enforcement package, setting the stage for an unprecedented expansion of U.S. border and deportation infrastructure.
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