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...
South Korea is finalizing its biggest-ever arms export deal, with 180 K2 tanks set to be delivered to Poland under a $6 billion agreement.
South Korea is set to sign a US$6 billion deal to export additional K2 tanks to Poland, marking Seoul’s largest arms export contract to date.
The agreement is part of Poland’s broader effort to strengthen its military amid ongoing security concerns linked to the Russia-Ukraine war.
Under the deal, expected to be signed in late June, Poland will receive 180 K2 tanks. Of these, 117 will be produced by South Korean defence contractor Hyundai Rotem Co., while the remaining units will be built locally by Poland’s state-owned PGZ.
South Korea sees the deal as a foundation for a long-term military-industrial partnership, with both nations aiming to meet Europe’s growing demand for weapons.
The agreement was initially expected in late 2023 but was delayed due to political developments in both countries, including internal instability in South Korea after an aborted martial law attempt in December.
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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