Tariff fears cloud global factory outlook despite bright spots in Asia and Europe
Concerns over new U.S. tariffs under President Donald Trump are weighing on global manufacturing, though June data show signs of resilience in countri...
Rwanda has officially withdrawn from the Economic Community of Central African States (ECCAS), citing political bias and obstruction by the Democratic Republic of Congo (DRC).
In a statement Saturday, Rwanda’s Foreign Ministry said its right to assume ECCAS’s rotating presidency was deliberately denied, a move it blamed on the DRC with support from other member states. The row stems from Rwanda’s exclusion from the 2023 ECCAS summit in Kinshasa, hosted under Congo’s chairmanship.
Kigali said it no longer sees value in staying in a bloc that “functions contrary to its own principles.”
The announcement came at the close of the 26th ECCAS summit in Malabo, Equatorial Guinea. Plans to transfer the chair from Equatorial Guinea to Rwanda were reportedly blocked by Congo, leading to a postponement of the appointment.
The dispute reflects deepening tensions between Rwanda and Congo over the ongoing conflict in eastern Congo. Kinshasa accuses Kigali of backing the M23 rebel group — a claim Rwanda denies. ECCAS has previously called for the immediate withdrawal of Rwandan troops from Congolese territory.
Rwandan Prime Minister Edouard Ngirente represented his country at the Malabo summit. Attempts to ease tensions between the two countries during closed-door talks on the sidelines were unsuccessful.
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.
Concerns over new U.S. tariffs under President Donald Trump are weighing on global manufacturing, though June data show signs of resilience in countries like Japan, China, and Ireland.
Ukrainian President Volodymyr Zelenskyy spoke with Azerbaijani President Ilham Aliyev on July 1 to offer condolences, express gratitude for regional support, and reaffirm mutual commitment to sovereignty and bilateral cooperation.
The U.S. Department of Justice and FBI on Monday announced an arrest and indictments related to North Korea’s 'IT worker' program, through which North Koreans secured remote tech jobs at more than a 100 U.S. companies to steal money and data globally.
A senior figure in Russia’s defence establishment, Timur Ivanov, has been sentenced to 13 years in prison after being found guilty of corruption, amid an escalating crackdown on high-level misconduct.
As the Dalai Lama turns 90, the question of his successor is drawing global attention — not just spiritually, but a deeply political one for China, India, and the U.S.
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