Page 396 - World News

Trump imposes 35% tariff on Canadian imports to US, effective August 1

Trump imposes 35% tariff on Canadian imports from August 1, warns of escalation if Ottawa retaliates; move part of broader push for blanket tariffs on multiple trade partners

Canada records surprise job gains in June as unemployment rate dips to 6.9%

The economy added 83,100 new jobs in June, the first net increase since January, Statistics Canada said. Most of the employment growth was in part-time work

Bitcoin rally triggers $1.2 billion liquidations, bears hit hardest in 2025

The largest single Bitcoin liquidation, valued at $88.5 million, was on the exchange HTX. Overall, about $1.29 billion in positions were wiped out across all tokens, the most this year

Trump's 50% tariff on Brazilian goods could increase US burger prices

Proposal is a blow to US meat companies also facing tighter cattle supplies due to a halt of livestock imports from Mexico over New World screwworm, a flesh-eating pest spreading south of the border

Red Sea insurance premiums spike as Houthi threat resurfaces after attacks

Shipowners now have to pay about 1% of a ship's value if they want to pass through the Red Sea, said Marcus Baker, global head of marine cargo and logistics at Marsh McLennan

Three more crew members rescued from ship attacked by Houthis in Red Sea

Liberian-flagged Merchant Vessel Eternity C had on board 22 crew members when it sank following damage it sustained in the Houthi attack

Satellite images show Iran strikes hit US communications dome at Qatar base

Images taken June 25 and every day subsequently show the dome is gone, with some damage visible on a nearby building

Pakistan faces 44.7% poverty while neighbours progress, reveals World Bank

Neighbouring countries like China, Bangladesh, and Nepal have managed to make meaningful progress in poverty alleviation through targeted strategies, industrial growth, and social reforms

Palestinians paying high price to get scarce cash in Gaza

With nearly every bank branch and ATM inoperable, people have become reliant on an unrestrained network of powerful cash brokers to get money for daily expenses, commissions on the transactions at 40%

Rubio to meet China foreign minister in Malaysia amid rising tensions

The meetings come against a backdrop of global and regional unease over US policies, notably on trade and large tariffs that US President Donald Trump has threatened to impose on friend and foe alike

UK economy shrinks again in May, raising new worries amid global headwinds

Gross domestic product declined by 0.1 per cent after a 0.3 per cent drop in April, the Office for National Statistics said

Canadian PM Carney responds to Trump's fentanyl claim for new tariff rates

In a letter sent to the Canadian Prime Minister, US President Donald Trump said the tariffs were in response to the alleged trade barriers and retaliatory actions

Trump to make 'major statement' on Russia soon; expects tougher sanctions

US President Donald Trump expressed disappointment in Russia over the Ukraine war and hinted at a major announcement on Russia next Monday, without providing further details

South Korea, US, Japan hold air drill to show strength against North Korea

During their regular meeting in Seoul on Friday, the chairmen of the joint chiefs of staff from South Korea, the US and Japan discussed North Korea's deployment of troops to Russia

Asian shares mixed after Wall Street closes higher, nears fresh records

Tokyo's Nikkei 225 edged down 0.1 per cent to 39,662.19, while South Korea's Kospi was up 0.1 per cent to 3,185.15

US actions pushing countries to seek dollar alternatives for trade: GTRI

GTRI said the US sanctions and SWIFT bans on countries like Russia, Iran, and Venezuela, have blocked dollar-based payments

Japan asks China not to fly jets too close to Japanese military aircraft

Japan's Defense Ministry said a Chinese JH-7 fighter-bomber flew as close to 30 meters to a YS-11EB electronic-intelligence aircraft of the Japan Air Self-Defense Force on Wednesday and Thursday

Google to offer heavy discount for cloud computing services to US govt

In April, Google agreed to offer a 71% discount till September 30 to US federal agencies for its business apps package that could generate up to $2 billion in savings if there is govt-wide adoption

Insurgents shoot 9 people after offloading them from a bus in Balochistan

The incident took place on the national highway in the Zhob area of the province, said Assistant Commissioner Zhob Naveed Alam

US state dept begins layoffs as SC ruling clears path for federal firings

US state department staffers have been informed of layoffs after a Supreme Court order overturned an injunction against executive-led agency restructuring without Congressional approval