Floods on Indonesia's holiday island of Bali have killed at least nine this week and affected 600 people, blocking off major roads in the capital and disrupting a busy travel destination, officials said on Wednesday. Continuous heavy rains between Tuesday evening and Wednesday caused the floods and killed five people in Bali's capital Denpasar, Abdul Muhari, the spokesperson of the country's disaster mitigation agency said in a statement. Four more people were killed in the regions of Jembrana, Gianyar, and Badung, Abdul added. Two people were still missing. Out of 600 people affected,...
US job openings declined to 7.44 million in June from a revised 7.71 million in May, according to data released Tuesday by the Bureau of Labor Statistics. The drop follows two consecutive months of gains and keeps the overall level within a consistent range observed over the past year, suggesting generally stable demand for workers. The figure came in slightly below the median estimate of 7.5 million in a Bloomberg survey of economists. This data is closely watched by the Federal Reserve as it evaluates the health of the labor market and its impact on inflation. Despite the monthly dip, the...
The Kremlin said it was "taking note" of Donald Trump's threat to sharply shorten Vladimir Putin's deadline to end his war in Ukraine, although it stressed that the Russian president was unlikely to change course. "I would like to avoid making any judgments" about Trump's statement, Kremlin spokesman Dmitry Peskov told reporters on Tuesday. Russia continues the war and is also committed to resolving the conflict "and to ensuring our interests in this settlement," he said. Trump threatened on Monday to impose secondary sanctions within 10-12 days on countries buying Russian exports,...
US and Chinese officials began a second day of talks in Stockholm on Tuesday (July 29) to resolve a long-running economic dispute and de-escalate the escalating trade war between the world's two largest economies. The meeting may not have produced any immediate breakthroughs, but the two sides could agree to a 90-day extension of the tariff truce reached in mid-May. This could also pave the way for a possible meeting between US President Donald Trump and Chinese President Xi Jinping later in the year, although Trump on Tuesday denied making any significant efforts to make it happen. The...
The European Union and the U.S. will form a "metals alliance" to counter the impact of subsidised Chinese production on global markets, as part of their ongoing trade deal, EU Trade Commissioner Maros Sefcovic said Monday. Following extensive talks, both sides agreed that their steel and aluminium sectors face a common threat. Under the deal, EU metal producers will receive tariff-free or low-tariff access to U.S. markets through a quota system, replacing former 50% tariffs imposed under President Trump. The system is still being finalized. "It became very, very clear that if it comes to...
President Donald Trump said on Monday most trading partners that do not negotiate separate trade deals would soon face tariffs of 15% to 20% on their exports to the United States, well above the broad 10% tariff he imposed in April. Trump told reporters his administration will notify some 200 countries soon of their new "world tariff" rate. "I would say it'll be somewhere in the 15 to 20% range," Trump told reporters, sitting alongside British Prime Minister Keir Starmer at his luxury golf resort in Turnberry, Scotland. "Probably one of those two numbers." Trump, who has vowed to end...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland shot down a drone in its airspace on Wednesday with the support of military aircraft from its NATO allies. This is the first time a member of the Western military alliance is known to have...