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 President Donald Trump announced new weapons for Ukraine on Monday, threatening sanctions against buyers of Russian exports unless Russia agrees to a peace deal. This represents a major policy shift fueled by frustration over Moscow's ongoing attacks on its neighbor. However, Trump's sanctions threat came with a 50-day grace period, a move welcomed by investors in Russia, where the ruble recovered from earlier losses and the stock market rallied. Meeting with NATO Secretary General Mark Rutte in the Oval Office, Trump told reporters he was disappointed with Russian President Vladimir...
President Donald Trump warned on Monday that he would impose secondary tariffs of 100% on Russia if a peace deal with Ukraine isn't reached within 50 days. "We are going to be doing very severe tariffs if you don't have a deal in 50 days, perhaps 100%," he said during a meeting with NATO Secretary-General Mark Rutte. These secondary tariffs would penalize any country trading with Russia, allowing the U.S. to impose steep duties on imports from those nations. While U.S. trade with Russia dropped to $3.5 billion in 2024, indirect trade routes remain significant. Trump's proposed 100% rate is...
President Donald Trump urged the Federal Reserve to slash interest rates to 1%, arguing it would reduce federal borrowing costs and boost economic growth. "We need a 1% rate. The Fed is killing growth," he said on Monday. The federal funds rate currently stands at 5.25–5.50%, where the Fed has held it to control inflation and prevent economic overheating. Dropping rates to 1% would represent the most aggressive monetary easing since the COVID-19 pandemic. Trump's call comes as federal debt servicing costs climb toward historic highs. While a lower rate could ease short-term interest...
President Donald Trump on Monday threatened to impose "secondary tariffs" on Russia's trade partners "at about 100%" if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days. "We're very, very unhappy with them, and we're going to be doing very severe tariffs, if you don't have a deal in 50 days, tariffs at about 100%, they call them secondary tariffs," Trump said from the White House while meeting with NATO's secretary general, Mark Rutte. The president said that he is "disappointed" with Putin, because he thought they would have had a deal months...
U.S. stocks edged lower Monday amid fears of an intensifying trade war after President Donald Trump slapped 30% tariffs on imports from Mexico and the European Union, continuing the volatile negotiations with his trading partners. At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average dropped 80 points, or 0.2%, the S&P 500 index fell 10 points, or 0.1%, while the NASDAQ Composite slipped 12 points, or 0.1%. Trump imposes 30% tariffs on Mexico, EU Trump over the weekend released more letters outlining trade tariffs on major U.S. trading partners, this time imposing a 30% levy on...
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...