More than four million foreign tourists visited Indonesia's Bali Island, the country's premier tourism destination, from January to July this year, up from 3.89 million in the same period last year, head of the Bali Provincial Tourism Office, I Wayan Sumarajaya, said on Tuesday. During the same pe
US President Donald Trump has said that gold will be exempted from tariffs, leading to a material drop in gold futures prices. "Gold will not be Tariffed!" said Trump in a brief post on Truth Social on Monday. Gold futures prices, backed by bars shipped from Switzerland and other key trading and
Brazilian President Luiz Inacio Lula da Silva and Chinese President Xi Jinping have discussed the role of the BRICS group of states and bilateral business over a phone call, according to Lula's office and Chinese state media. The leaders spoke for an hour on Monday, agreeing on the role of the G20
The US began officially levying higher taxes on imports from dozens of countries Thursday, four months after President Donald Trump first announced plans to impose tariffs on most of the world while seeking new trade agreements across the board. The White House said that starting just after midnig
Brazil will respond to a steep tariff increase imposed by the United States with a contingency plan and take its case to the World Trade Organization (WTO), President Luiz Inacio Lula da Silva said Tuesday. During a meeting of the Council for Sustainable Economic and Social Development held in Bra
Many households in Brunei continue to express concerns about the prices of groceries, even as overall inflation has moderated or turned negative, according to the local daily Borneo Bulletin on Tuesday. Recent data comparing average prices in June 2025 to levels in 2019 shows that food prices have
The International Monetary Fund is waiting for more data before it can firm up its assessment on Senegal's debt situation and still needs to reach an agreement on key remedial measures with the country, a Fund spokesperson said on Thursday. Senegal is grappling with billions in debts hidden by the
The Asian Development Bank (ADB) has lowered Malaysia's gross domestic product (GDP) growth forecast due to a weakening outlook for trade and investment amid heightened global uncertainties. The ADB said in its report on Wednesday that it has revised down the growth forecasts to 4.3 per cent in 20
A rally in Japanese shares led Asian markets on Wednesday after President Donald Trump announced a trade deal with Japan and fuelled hopes of more to come, tempering the disappointment from US earnings that highlighted the drag from higher tariffs. Trump late on Tuesday said a trade deal with Toky
The global destruction of wetlands, which support fisheries, agriculture and flood control, may mean the loss of $39 trillion in economic benefits by 2050, according to a report by the Convention on Wetlands released on Tuesday. Some 22 percent of wetlands, both freshwater systems such as peat lan
President Donald Trump on Tuesday said the US would impose a 19% tariff on goods from Indonesia under a new agreement with the Southeast Asian country and more deals were coming, while offering fresh details on planned duties on pharmaceuticals. Trump announced the pact with Indonesia, a relativel
Natural disasters across China in the first half of 2025 brought direct economic losses of 54.11 billion yuan ($7.55 billion) and affected more than 23 million people, an official from the emergency response ministry said on Tuesday. A powerful earthquake in Tibet, deadly landslides in the southwe
Britain’s economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates growing global turbulence. Gross domestic product shrank by 0.1 per cent after a 0.3 per cent dr
