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World
Prices of luxury watches in US rise after Trump’s Swiss tariffs
Switzerland’s watch industry is facing a threat to sales after Donald Trump said he would impose 39 per cent tariffs on the country, raising the prospect of significantly higher prices in one of its biggest markets.
The elevated levy…
South Korea pledges to help companies cope with higher US tariffs
South Korea will prepare measures to help companies cope with higher U.S. tariffs and expand into new markets, the Finance Ministry said on Tuesday, as it kicked off a task force to prepare the new administration’s economic policy plans.…
Another earthquake hits Russia’s Petropavlovsk region; back-to-back tremors raise alarm
Fresh tremor of magnitude 5.1 struck far-east in Petropavlovsk-Kamchatsky, Russia today, reported the US Geological Survey (USGS).
The tremor was recorded at 07:17:36 (UTC+05:30), with its epicentre located 144 km southeast of the…
Air India Express flight forced to return to Bengaluru after mid-air hydraulic failure
A Kolkata-bound Air India Express plane has returned to Bengaluru due to a technical issue.
The flight IX2718, operated with an Airbus A320 aircraft, returned after being airborne for over two hours, according to information available on…
Flooding leaves 14 dead, missing in Vietnam’s Dien Bien
Flooding triggered by heavy rain has left at least 14 people dead or missing in Vietnam’s northern province of Dien Bien, state media reported on Friday.
Floodwater rose quickly on Thursday night after hours of heavy rain, inundating…
World shares retreat after Trump’s order imposing new tariffs on 68 countries and EU
World shares retreated Friday after President Donald Trump issued a new set of import duties that will apply to dozens of countries as of Aug. 7.
U.S. futures fell 0.9% after Trump announced tariff rates of up to 41% for imports from 68…
Ceylon Chamber commends tariff reduction, urges long-term trade strategy with US
The Ceylon Chamber of Commerce (CCC) has commended the Government of Sri Lanka and the national negotiation team for securing a further reduction in the reciprocal tariff rate imposed by the United States on Sri Lankan exports—from 30% to…
Trump announces 25% tariff on India and ‘penalty’ for trading with Russia
With just a day left for the August 1 deadline set by the Donald Trump administration to wrap up agreements with its trading partners, the American President on Wednesday announced 25 percent tariffs “plus a penalty” for India.
In a post…
Trump announces deal to impose 15% tariff on South Korea
President Donald Trump says the US will charge a 15% tariff on imports from South Korea, in what he called a “full and complete trade deal”.
It comes just a day before a 1 August deadline for countries to reach agreements with the US or…
Canada follows France and UK with plan to recognise Palestinian state
Prime Minister Mark Carney has said Canada plans to recognise a Palestinian state in September, becoming the third G7 nation to make such an announcement in recent days.
Carney said the move depends on democratic reforms, including the…