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EU approves 150-billion-euro loan scheme to rearm
EU countries on Tuesday formally approved a new 150-billion-euro loan programme to help rearm in the face of Russia and worries over US reliability, according to the Polish presidency of the bloc. The borrowing programme is part of a package of measures including loosening budget rules that Brussels says could potentially unlock 800 billion euros of defence spending.
Macron gives Vietnamese students a lesson in 'impulsive' superpowers
Between jabs at Donald Trump's US trade tariffs and criticism of Beijing's assertiveness in the South China Sea, French President Emmanuel Macron warned Vietnamese students Tuesday that "on the impulse of a superpower, everything can change". Communist-run Vietnam has also been threatened with a hefty 46 percent tariff by US President Donald Trump as part of his global trade blitz.
Stocks fluctuate as traders await next moves in Trump trade war
Equities meandered Tuesday as investors awaited the latest developments on Donald Trump's trade war, while the yen rallied after the head of Japan's central bank flagged more interest rate hikes if the economy improved.
Developing nations face 'tidal wave' of China debt: report
The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report. It found that the poorest 75 countries were set to make "record high debt repayments" to China in 2025 of a combined US$22 billion.
Misinformation casts shadow on US-China trade truce
From false claims of Americans panic-buying Chinese goods to bot-driven attacks on US brands, a tide of misinformation is casting a shadow over a temporary trade truce between Washington and Beijing.
Asian markets mixed as Trump dials down after EU tariff threat
Asian stocks were mixed Monday after Donald Trump thrust his trade war back into the spotlight by threatening the European Union with huge tariffs before extending a deadline for their implementation.
OPEC+ expected to open taps more despite price slump
Despite oil trading low at $60, OPEC+ this week is expected to continue to further open the taps. In past months, Saudi Arabia, Russia and six other OPEC+ members have surprised markets by announcing a sharp increase in oil production for May and June despite the low prices.
UK renationalises first train operator under Labour reforms
A private train operator servicing parts of southern England, including London, on Sunday became the first to be returned to public ownership under a government plan to renationalise Britain's much-maligned railways.
In India's congested cities, delivery apps cash in
In India's sprawling financial hub of Mumbai armies of "dabbawalas" have for decades crisscrossed the city by foot and bicycle, delivering home-cooked food to office workers who are keen to avoid the searing heat and traffic-snarled streets.
AFP
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