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Made in Vietnam: Hanoi cracks down on fake goods as US tariffs loom
Since the United States accused Vietnam of being a hub for counterfeit goods, Tran Le Chi has found it increasingly hard to track down her favourite fake Chanel T-shirts, Gucci sunglasses and Louis Vuitton handbags.
US Fed set to hold rates steady as it guards against inflation
The US central bank is expected to hold interest rates steady Wednesday after its key policy meeting, as officials gauge the impact of tariffs on inflation -- and despite President Donald Trump's calls for rate cuts.
New rules may not change dirty and deadly ship recycling business
Mizan Hossain fell 10 metres (33-foot) from the top of a ship he was cutting up on Chittagong beach in Bangladesh -- where the majority of the world's maritime giants meet their end -- when the vibrations shook him from the upper deck.
Bali flights cancelled after Indonesia volcano eruption
At least two dozen flights to and from the Indonesian resort island of Bali have been cancelled, its international airport website showed Wednesday, after a volcano in the archipelago's east erupted, shooting an ash tower 10 kilometres into the sky.
EU chief says pressure off for lower Russia oil price cap
EU Commission Chief Ursula von der Leyen on Tuesday said surging energy prices have reduced the urgency to slash the price cap on Russia's global oil exports. The current $60 cap "had little effect, but in the last days, we have seen that the oil price has risen [and] the cap in place does serve its function," von der Leyen told reporters on the sidelines of the G7 meeting.
Trump says EU not offering 'fair deal' on trade
US President Donald Trump said Tuesday that the European Union had yet to offer a "fair deal" on trade, as Washington negotiates tariff agreements with friends and foes alike. Trump imposed a blanket 10 percent tariff on most US trading partners and unveiled higher individual rates on dozens of economies, including India and the European Union -- although he swiftly paused the elevated rates.
Brazil sells exploration rights to oil blocks near Amazon river mouth
Brazil sold exploration rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at the start of an auction slammed by environmentalists months before the country is to host the COP30 climate summit.
Swiss insurers estimate glacier damage at $393 mn
Swiss insurers on Tuesday put the damage caused by last month's glacier collapse, which largely destroyed the Alpine village of Blatten, at 320 million Swiss francs ($393 million). To "repair the damage caused to buildings and personal property," nearly 260 million Swiss francs will be paid out to the local population, according to the association.
Spain says 'overvoltage' caused huge April blackout
A major power outage that paralysed the Iberian Peninsula in April was caused by "overvoltage" on the grid that triggered "a chain reaction", according to a government report released Tuesday.
AFP
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