European Commission President Ursula von der Leyen said she will travel to Scotland this weekend to meet with US President Donald Trump, as both sides aim to reach a trade deal before the August 1 deadline when 30% tariffs on the bloc's exports are due to take effect. After months of negotiations and back-and-forth diplomacy between Brussels and Washington, D.C., the two sides have zeroed in on a deal last week that will see the EU face 15% tariffs on most of its trade. Limited exceptions are expected to apply to aviation, some medical devices and generic drugs, some alcoholic beverages,...
Indonesia's government sees economic growth reaching at least 5.2% next year as it continues to focus on improving food production, energy security and people's wellbeing, its finance minister told parliament on Tuesday. Finance Minister Sri Mulyani Indrawati said economic growth in 2026 would be between 5.2% and 5.8% next year with the bottom end of the range the same as 2025's growth target. "We will reach the target in 2026 by maintaining people's purchasing power... development of natural resources downstream industry and improving the investment climate, as well as human resources,"...
China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade war. The widely expected rate cuts are aimed at stimulating consumption and loan growth as the world's No. 2 economy softens, while still protecting commercial lenders' shrinking profit margins. Still, the size of the rate reductions was mild and reflected the incremental pace of monetary easing in recent years and what analysts interpreted as some wariness...
Ministerial level trade talks between Japan and the U.S. are set to take place later this week– marking the third round of high-level talks between the nations, Japan's Kyodo News agency reported on Tuesday. Kyodo reported that Ryosei Akazawa, Japan's top trade negotiator and minister of economic revitalization, will fly to Washington by Friday to engage in a third round of high-level talks. Kyodo cited comments from a U.S. official. Separately, Akazawa said in a press conference on Tuesday that working level talks took place between Washington and Tokyo on Monday, and that high-level...
China on Monday accused the US of undermining the two countries' preliminary trade agreement after the US issued an industry warning against using Chinese chips that singled out Huawei, per CNBC. According to a spokesperson for China's Ministry of Commerce, the US Commerce Department's advice is "discriminatory" and "market distorting," prompting Beijing to "demand" that the administration "correct its mistakes." China Slams U.S. Huawei Chip Ban as Threat to Trade TruceChina Indicators China has strongly criticized a U.S. directive targeting certain high-end Huawei chips, saying it...
President Donald Trump said that Ukraine and Russia would begin talks "immediately" on ending their war after a phone call with Russian President Vladimir Putin on Monday. "Russia and Ukraine will immediately start negotiations toward a Ceasefire and, more importantly, an END to the War," Trump said in a social-media post. "The conditions for that will be negotiated between the two parties, as it can only be, because they know details of a negotiation that nobody else would be aware of." The US president said he had also briefed European leaders on his two-hour call...
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...
President Donald Trump locked horns with Federal Reserve Chair Jerome Powell during a rare presidential visit to the U.S. central bank on Thursday, criticizing the cost of renovating two historical...