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Trump says Indonesia to Face 19% Tariff Under Trade Deal

US President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in significant purchase commitments from the Southeast Asian country, following negotiations to avoid steeper tariffs. Indonesian goods entering the United States would face a 19 percent tariff, Trump said in a post on his Truth Social platform. This ...

Bitcoin Rallies Past Record $120,000 as Asian Markets Rise

Bitcoin surged past the $120,000 mark for the first time on Monday, setting a new record as optimism grows around potential regulatory breakthroughs for the cryptocurrency industry this week. The digital asset peaked at $122,571.19 before easing slightly, trading 2.4% higher at $121,952.61. Most Asian markets rose Monday as investors digested ...

Rubio Meets China's Wang on Sidelines of ASEAN Talks

US Secretary of State Marco Rubio meets his Chinese counterpart Wang Yi on Friday in Malaysia on the sidelines of ASEAN talks, where Washington's tariffs are in sharp focus. Rubio and Wang's first face-to-face meeting since US President Donald Trump returned to office comes as Washington and Beijing are locked in disputes ranging from ...

Russian FM Lavrov to Visit North Korea this Weekend

Russian Foreign Minister Sergei Lavrov will visit North Korea this weekend, the latest in a series of high-profile visits by top Moscow officials as the two countries deepen military ties. Lavrov "will visit the Democratic People's Republic of Korea on July 11-13" for the "second round of strategic dialogue at the level of foreign ministers," ...

Trump Says 'No Extensions' to Aug 1 Tariff Deadline

President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, a day after he appeared to signal flexibility on the date. While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized to dozens of ...

Trump Says New Tariff Deadline 'Not 100 Percent Firm'

US President Donald Trump reignited his trade war by threatening more than a dozen countries with higher tariffs Monday -- but then said he may be flexible on his new August deadline to reach deals. Trump sent letters to trading partners, including key US allies Japan and South Korea, announcing that duties he had suspended in April would snap ...

Where Do Trade Talks Stand in the Rush to Avert Higher US Tariffs?

US President Donald Trump has said he will send letters to select trade partners facing tariff hikes as early as Monday, piling pressure on countries to strike a deal with Washington before a new August 1 deadline. The White House announced sharp levies on dozens of economies in April, citing a lack of "reciprocity" in trade relations, which were ...

What is the State of Play with Trump's Tariffs?

With sweeping tariffs on friend and foe, US President Donald Trump has roiled financial markets and sparked a surge in economic uncertainty -- and tensions are mounting days before a fresh volley of higher duties are due to kick in. Here is a rundown of what Trump has implemented in his second presidency, with levies on dozens of economies set to ...

Higher US Tariffs Kick in for Dozens of Trading Partners

The United States began charging higher tariffs on dozens of trading partners Thursday, in a major escalation of President Donald Trump's drive to reshape global commerce in America's favor. Shortly before the new levies kicked in, the United States separately announced it would double tariffs on India to 50 percent and hit many semiconductor ...

'KPop Demon Hunters' breaks Netflix records and hits theaters

After shattering viewership records on Netflix and climbing to the top of global music charts, the animated musical KPop Demon Hunters is now making its big-screen debut. This summer hit follows a trio of young Korean pop stars who battle demons using high-energy songs and synchronized dance moves. Since its Netflix release on June 20, the film ...

Giorgio Armani to Miss Milan Fashion Week Shows

Italian fashion designer Giorgio Armani, who is "currently recovering at home", will miss two of his shows at the Milan Fashion Week, his company said Friday. The 90-year-old designer will not attend Saturday's and Monday's shows, set to present Armani's menswear collections for Spring-Summer 2026, a statement said. "Armani has worked with his ...

North Korea Fires Multiple Ballistic Missiles, First Launch in Months

North Korea fired multiple ballistic missiles on Wednesday, its first such launch in months and just a week before world leaders, including US President Donald Trump, descend on South Korea for a summit. Seoul's Joint Chiefs of Staff said it had "detected several projectiles, believed to be short-range ballistic missiles". The ...

Trump Hails Tariff, Rare Earth Deal with Xi

US President Donald Trump called the meeting Thursday with China's Xi Jinping a "great success", after the world's top two economies agreed a deal to trim fentanyl-related tariffs and keep supplies of critical rare earths flowing. There was no immediate comment from the Chinese government after what was the leaders' first ...

From Handshakes to Deals: Trump Reshapes Asia’s Trade World

From Handshakes to Deals: Trump Reshapes Asia’s Trade World Christiane Tager During a visit to Asia, Donald Trump traded speeches for deals. In Gyeongju, South Korea, the former U.S. president sealed a major trade agreement with Seoul, one that extends beyond economics and is already sending shivers through global markets, from gold to the ...

Copper Price Hits Record High on US-China Hopes of Trade Truce

The price of copper reached a record high in trading Wednesday, the industrial metal boosted by hopes of a truce in the US-China trade war. Copper hit $11,143 a tonne on the London Metal Exchange, also on concerns about tight global supply as a major mine in Indonesia remains shut following a deadly mudslide last month. The new high beat the ...

Trump Expects 'Great Meeting' with Xi

US President Donald Trump voiced optimism Wednesday for advancing toward major trade deals with Beijing and Seoul, on the eve of crucial talks in South Korea with Chinese leader Xi Jinping. The meeting Thursday might yield a truce in the trade war between the world's top two economies, a possible grand finale to Trump's Asia tour marked ...

Trump Says 'Timing' Didn't Work Out to Meet N. Korea's Kim

Donald Trump said on Wednesday he was not able to arrange a meeting with North Korean leader Kim Jong Un during the US president's visit to the South, ending fierce speculation over a possible summit. Trump had said he would "love to meet" Kim during his Asia trip, which would have been their first meeting since the US leader's previous term in ...

North Korea Announces Missile Test Hours Before Trump Due in South

North Korea test-fired cruise missiles off its western coast in a message to Pyongyang "enemies", state media announced Wednesday just hours before US President Donald Trump begins a visit to South Korea. The sea-to-surface missiles were launched vertically on Tuesday from the Yellow Sea and flew for more than two hours, state news ...

Asia Stocks Surge on US-China Trade Deal Breakthrough

Asian equities surged Monday as investors cheered a breakthrough in US-China trade talks that set the stage for leaders Donald Trump and Xi Jinping to finalize a deal, averting an escalation in the world's biggest trade dispute. Markets rallied after US Treasury Secretary Scott Bessent said the threat of the US president imposing an additional ...

Trump Embarks on High-Stakes Asia Tour

US President Donald Trump headed for Asia on Saturday for high-stakes trade talks with his Chinese counterpart, Xi Jinping, saying that he would also like to meet North Korean leader Kim Jong Un on his trip. Trump is set to meet Xi in South Korea on the last day of his regional swing in a bid to seal a deal to end the bruising trade war between ...

Estevao Scores Twice As Five-Star Brazil Thrash South Korea

Eighteen-year-old Chelsea winger Estevao scored twice as an impressive Brazil thrashed fellow World Cup qualifiers South Korea 5-0 away in a friendly on Friday. Home captain Son Heung-min made his 137th appearance for South Korea, a record for the country's men's team, in wet conditions in Seoul. But apart from that it was all about Carlo ...

North Korea Test-Fires Two New Air Defense Missiles

North Korean leader Kim Jong Un has overseen the test-firing of two new air defence missiles, state media said Sunday, after Pyongyang accused Seoul of fomenting tensions on the border. The test-firing, which took place Saturday, showed that the two "improved" missile weapon systems had "superior combat capability", the Korean ...

Vinicius, Rodrygo Back In Ancelotti's Brazil

Real Madrid duo Vinicius Junior and Rodrygo were recalled to the Brazil squad by coach Carlo Ancelotti on Wednesday for upcoming friendlies against South Korea and Japan. Vinicius was rested from Brazil's last 2026 World Cup qualifier against Bolivia in September, while Rodrygo missed out after struggling for game time this season with ...

Seoul Warns North Korea Holds Enough Uranium for Dozens of Nuclear Bombs

North Korea is believed to possess up to two tonnes of highly enriched uranium, South Korea's unification minister said Thursday. The North has long been known to hold a "significant" amount of highly enriched uranium, the key material used to produce nuclear warheads, according to South Korea's defense ministry. But in a rare public ...

North Korea's Kim Open to US Talks

North Korean leader Kim Jong Un says he has "fond memories" of US President Donald Trump and is open to future talks with the United States -- if he can keep his nukes. Kim met Trump three times for high-profile summits during Trump's first term, before talks collapsed in Hanoi in 2019 over what concessions Pyongyang was prepared to ...

Gold Hits Another High

Gold climbed to a fresh all-time high in Asian trading on Tuesday, reaching $3,654 an ounce around 02:30 GMT. The yellow metal is reaffirming its role as a safe-haven asset, buoyed by expectations of U.S. Federal Reserve rate cuts, inflation concerns, and political uncertainty in France and Japan. “Gold provides the clearest expression of ...

What Does North Korea's Kim Want from Rare China Trip?

North Korean leader Kim Jong Un is set to visit China this week, a rare step beyond his country's borders, for prospective meetings with President Xi Jinping and his Russian counterpart Vladimir Putin. The trip could be Kim's bid to "formalize" his budding ties with Pyongyang's two main allies -- and potentially play a more prominent role on the ...

Park Chan-Wook’s ‘No Other Choice’ Unveiled at Venice: A Dark Look at Capitalism”

It took 20 years for South Korean director Park Chan-wook to return to the Venice Film Festival and the same length of time for the veteran cineaste to make his latest film. The director of Old Boy, which thrust him into the international spotlight in 2004 after winning the Grand Prix at Cannes, will premiere his latest feature, No Other Choice ...