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Global Economy

On tariffs, China and US ask industry a US$30 billion question

As President Xi and President Trump prepare for an expected summit, trade officials are weighing public input on reciprocal duty cuts.

New UK PM to cut taxes for struggling pubs: ‘drop in the ocean’

EU fines Google US$1 billion, risking US fury

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Houthis target tankers in Red Sea, threatening another Iran war chokepoint

Attacks on shipping expand regional conflict as US strikes Iran for a 12th consecutive night.

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MULTIMEDIA
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Japan marks 1st ‘cruelly hot day’

A traditional fast food shop worker conducts 'Uchimizu', the splashing of water onto the hot street in summer which is an old Japanese tradition meant to cool down the air as the water evaporates, along Nakamise Street at the Asakusa district, a popular sightseeing spot, as the Japanese government issued a heatstroke alert in Tokyo and other prefectures due to a heatwave, in Tokyo, Japan July 22, 2026. REUTERS/Issei Kato
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