Wall Street ends week lower as tech shares retreat
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices....
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 18th, covering the latest developments you need to know.
1. G7 concludes with no Japan-U.S. trade breakthrough
Japanese Prime Minister Shigeru Ishiba announced on Tuesday that Japan and the United States have not reached a comprehensive tariff agreement, with key disagreements persisting between the two economic powers.
Speaking to reporters in Calgary, Ishiba emphasized Japan's commitment to securing a trade deal that is mutually beneficial while staunchly safeguarding its national interests. A central point of contention remains the 25% tariff imposed by U.S. President Donald Trump on Japanese auto imports, a measure Ishiba stated is significantly impacting Japanese companies, particularly in the automotive sector, and has broader implications for the global economy.
2. Trump speaks with Netanyahu after crucial meeting on Israel-Iran conflict
President Trump spoke with Israeli Prime Minister Benjamin Netanyahu on Tuesday evening after meeting with his national security team about the escalating war between Israel and Iran, an Israeli official told Axios.
3. China's Xi signs treaty to elevate ties with Central Asia
China President Xi Jinping signed a treaty to elevate ties with Central Asian nations on Tuesday, as Beijing looks to further deepen cooperation on trade, energy and infrastructure with the resource-rich region.
Since Russia-Ukraine war, Beijing has been stepping up efforts to boost economic links with Central Asian nations traditionally within Russia's sphere of influence, drawn by their strategic location and energy resources.
4. In Bonn, parties fail to reach agreement on Global Stocktake’s call to transition away from fossil fuels
The climate community met in Bonn for the June Climate Meetings, preparing for COP30. On the first day, civil society protests highlighted urgent climate action. Disagreements over agenda items, including trade restrictions and climate finance, delayed the meeting. The EU advocated for broader finance discussions. The meeting resumed on June 17.
A workshop on the Global Goal on Adaptation (GGA) featured 490 indicators, focusing on vulnerable groups and avoiding increased reporting burdens. Delegates discussed a new gender action plan, economic diversification, workforce transition, and a pilot project converting a disused mine into a hydroponic farm. Fossil fuel transitions elicited mixed intentions.
5. Ukraine war latest: Massive Russian attack kills 22, injures 134 in Kyiv
At least 22 people have been killed and at least 134 others injured after a mass Russian missile and drone attack on Kyiv overnight on June 17.
Ukraine's National Police initially reported 15 dead and 124 injured in the attack, but Interior Minister Ihor Klymenko later revised the death toll to 10. The State Emergency Service subsequently updated the figure to 16 as of 11 p.m. on July 17.
The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
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