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Cambodia Secures 19% U.S. Tariff, Safeguarding $10B Garment Exports

Aug 01, 2025 04:33 am UTC| Politics Economy

Cambodia has secured a 19% tariff rate on its exports to the United States, a move Deputy Prime Minister Sun Chanthol said was crucial to protecting the countrys garment and footwear industry from collapse. Speaking to...

Taiwan Seeks Tariff Relief as U.S. Imposes 20% Duties Amid Trade Talks

Aug 01, 2025 02:44 am UTC| Politics Economy

Taiwans President Lai Ching-te and his cabinet announced Friday that the newly imposed 20% U.S. tariffs on Taiwanese imports are expected to be temporary as both sides finalize trade negotiations. Lai, in a Facebook post...

Australia Maintains Lowest U.S. Tariffs Amid Trump’s New Trade Measures

Aug 01, 2025 02:40 am UTC| Politics Economy

Australias Trade Minister Don Farrell confirmed Friday that the United States has kept tariffs on Australian goods at the lowest possible rate under its new reciprocal trade regime. The White Houses confirmation means U.S....

Russia’s Missile and Drone Strikes on Kyiv Kill 16, Injure Over 100 Amid Escalating War

Aug 01, 2025 02:36 am UTC| Politics

Russia launched a massive overnight assault on Kyiv early Thursday, firing over 300 drones and eight missiles that left 16 dead, including two children, and wounded more than 100, according to Ukrainian officials. The...

El Salvador Lawmaker Proposes Constitutional Reform for Indefinite Presidential Re-Election

Aug 01, 2025 02:33 am UTC| Politics

A ruling party lawmaker in El Salvador has introduced a constitutional amendment aimed at reshaping the countrys electoral system. The proposal, submitted to Congress on Thursday, would allow indefinite presidential...

U.S.-India Trade Deal Faces Hurdles Amid Tariff Dispute and Geopolitical Tensions

Aug 01, 2025 02:22 am UTC| Politics Economy

A senior U.S. official stated Thursday that resolving trade differences with India will take time due to longstanding market barriers and broader geopolitical disputes. The comments follow President Donald Trumps...

Trump Raises Tariffs on Canadian Goods to 35% Amid Ongoing Trade Dispute

Aug 01, 2025 02:20 am UTC| Politics Economy Governance

U.S. President Donald Trump has signed an executive order raising tariffs on Canadian goods to 35% from 25% for all products not covered under the U.S.-Mexico-Canada Agreement (USMCA), the White House announced Thursday. A...

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Economy

Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals

The U.S. dollar weakened on Friday as oil prices retreated, although the currency remained headed for a second consecutive weekly gain as expectations for another Federal Reserve rate hike increased. The Japanese yen,...

Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears

Federal Reserve Bank of Cleveland President Beth Hammack said Friday that the recent surge in U.S. government bond yields appears to be driven primarily by higher real interest rates rather than growing concerns about...

Dollar Holds Near Two-Month High as Yen Approaches 160

The U.S. dollar remained near a two-month high on Friday, supported by rising Treasury yields and expectations of additional Federal Reserve rate hikes, while the Japanese yen hovered near the closely watched...

Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets

Gold prices were largely unchanged on Friday but remained headed for a weekly loss of more than 3% as rising U.S. Treasury yields and elevated energy prices strengthened expectations that the Federal Reserve could raise...

Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets

Japanese bank stocks rallied on Friday as surging government bond yields and expectations for further Bank of Japan interest rate hikes strengthened the outlook for lenders profit margins. Shares of Mizuho Financial Group,...

Politics

US Supreme Court Revives Trump Administration Voter Citizenship Database

The U.S. Supreme Court on Friday allowed the Trump administration to resume using an expanded federal immigration database for citizenship checks on registered voters, reviving a program supporters say protects election...

Saudi Arabia, Turkey and Pakistan Plan Urgent Defence Talks Over Houthi Attacks

Saudi Arabia, Turkey and Pakistan are preparing an urgent high-level defence meeting to discuss support for the kingdom as Houthi missile and drone attacks intensify across Saudi territory. The talks will be held under the...

Ukrainian Drone Attacks Hit Russian Regions, Injuring at Least 12

A series of Ukrainian drone attacks struck several Russian regions on Friday morning, leaving at least one person dead and more than a dozen injured while damaging industrial sites, homes and vehicles, according to Russian...

Najib Razak Seeks Stay of 15-Year 1MDB Prison Sentence

Former Malaysian Prime Minister Najib Razak has asked a court to suspend a 15-year prison sentence linked to the 1Malaysia Development Berhad (1MDB) corruption scandal, his lawyer said Friday, following a royal pardon in a...

What ‘Taiwan Independence’ Means as Xi Presses Trump on US Policy

Chinese President Xi Jinpings call for President Donald Trump to oppose Taiwan independence has renewed attention on the complicated political and historical status of Taiwan and the differing positions held by Beijing,...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

US Appeals Court Upholds Anthropic AI Supply Chain Ban

A U.S. federal appeals court has upheld the Department of Wars decision to exclude Anthropic from its supply chain, handing the Trump administration a significant victory in a closely watched dispute over military use of...

Solidigm Eyes $150 Billion IPO as SK Hynix Expands AI Storage Push

SK Hynix subsidiary Solidigm is considering a U.S. initial public offering as early as next year that could value the semiconductor storage company at as much as $150 billion, according to a Reuters report on Friday. The...

Meta Found Liable in New Mexico Facebook Data Privacy Case

A New Mexico jury has found Meta Platforms liable for misleading consumers about Facebook user privacy and data-sharing practices in a case tied to the Cambridge Analytica scandal. The verdict followed a two-week trial in...

DaVoice Sues Perplexity AI Over Trade Secrets

AI technology startup DaVoice has filed a lawsuit against Perplexity AI in California federal court, accusing the artificial intelligence company of misappropriating trade secrets connected to wake word technology used in...

SpaceXAI to Double Nvidia Chips at Colossus 2 by Year-End

Elon Musk said SpaceXAI plans to nearly double the number of advanced Nvidia AI chips operating at its Colossus 2 data center by the end of 2026, significantly expanding the computing power behind its artificial...
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