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...
Australian Prime Minister Anthony Albanese has pledged to counter the "damaging" notion that democratic systems are failing, especially during a time of widespread global instability.
In his first major address since the centre-left Labor Party's re-election in May, Albanese emphasized Australia's role in promoting regional stability.
Speaking at the National Press Club in Canberra, he pointed to the global rise of far-right and far-left populist movements, attributing them to growing public disillusionment, a feeling that economic systems and democratic institutions no longer serve ordinary citizens.
"We are facing a period of major global uncertainty, not only in terms of economic turmoil, but more critically, due to the dangerous belief that governments, politics, and democratic frameworks, including a free press, are no longer capable of rising to today's challenges", Albanese said.
While acknowledging that some actors exploit this distrust for personal gain, he asserted that his government was committed to proving these views wrong.
Albanese also condemned the recent shooting of an Australian journalist with a rubber bullet during protests in Los Angeles, calling it "horrific". He confirmed that the Australian government had formally raised concerns with U.S. authorities, stating the incident was unacceptable.
The prime minister is scheduled to meet U.S. President Donald Trump for the first time next week at the G7 summit in Canada. Key topics are expected to include trade tariffs and Washington's push for Australia to increase its defence spending from 2% to 3.5% of GDP.
Albanese, however, has refrained from endorsing a specific defence spending figure, emphasizing instead the importance of addressing Australia's specific defence needs, such as boosting local missile production.
"Australia should determine its own defence investments", he stated, highlighting that the country's regional ties, particularly in Asia and the Pacific, are also essential for national security.
He reaffirmed that Australia remains committed to deepening its relationships across Asia amid rising strategic tensions in the region.
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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