Indonesia rejects US report alleging role in tariff-evading transshipment network
Indonesia denies US claims it is part of a transshipment network that helps China avoid billions in US tariffs.
Economy
China Hits Back at US 'Transshipment Scam' Allegations, Calls for Restraint
China has rejected US allegations of a 'transshipment scam,' calling them irresponsible and urging Washington to stop making unfounded accusations.
US-Iran conflict chokes trade and daily life along Iraq border
Months of US strikes on Iran have crippled border trade and traumatized communities in Iraq's Kurdistan region.
China Tells Seoul to Avoid Taking Sides, Blames US Policy for Korean Tensions
China's top diplomat urges South Korea to stay neutral in US-China rivalry and blames Washington's North Korea policy for regional tensions.
Ukraine Pivots Grain Exports to Poland and Romania as Black Sea Ports Stay Blocked
Ukraine plans to ship 2.5M tonnes of grain monthly via Poland, Romania, and other routes as Black Sea ports remain idle.
Ukraine's August grain exports plunge 77% as port blockade bites
Ukraine's grain exports fell 77% year-on-year in early August as Black Sea port blockades outweighed gains at alternate border routes.
Defense Startup Raises $1 Billion, FTC Targets Price Personalization
Castelion secures $1B+ for missile tech, FTC mandates price-disclosure rules, Amazon expands drone delivery, Evergrande founder gets life sentence.
Fed Officials Grow Impatient as Inflation Persists, Minutes Show
Fed minutes reveal growing impatience over inflation, with several officials supporting a July rate hike.
Gaza's smuggling economy booms as Israel's restrictions push prices skyward
An investigation reveals a thriving smuggling network in Gaza, with cigarettes, fuel and medicine entering illegally as prices soar and multiple parties profit.
US national debt crosses $40 trillion for first time
US national debt has surpassed $40 trillion, reflecting persistent federal deficits and rising interest payments that now exceed defense spending.
Champagne's Earliest Harvest on Record Underway After Extreme Weather
Champagne begins its earliest harvest ever as extreme heat and drought force growers to pick grapes weeks ahead of schedule.
Taiwan Unveils Record Defence Budget for 2027
Taiwan's government proposes a record T$1.1225 trillion defence budget for 2027, the first to exceed T$1 trillion.
Champagne growers rush record-early harvest as heat reshapes vintage
Champagne's earliest harvest on record is underway after heat and drought accelerated ripening, forcing growers to adapt.
Japan's July Trade Deficit Widens as Energy Costs and Weak Yen Bite
Japan's July trade deficit hit ¥634.5 billion as record imports and exports were driven by high energy costs and a weak yen.
Australia's Jobless Rate Climbs to 4.5% in July, Pressuring RBA
Australian employment fell unexpectedly in July, pushing the jobless rate to a near five-year high of 4.5%.
Sonora Reports First Screwworm Case, Activates Emergency Protocols
Sonora detected its first screwworm case and activated emergency containment protocols, coinciding with the USDA's plan to lift a ban on Mexican cattle imports.
Japan's July trade hits records as chip demand lifts exports, oil costs inflate imports
Japan's July exports surged 23.2% to a record on chip demand, while imports hit a new high on oil costs, leaving a trade deficit.
Global bonds steady after US Treasury doubles long-duration buybacks
US Treasury's move to double long-bond buybacks calms markets, pulling yields down and lifting stocks, though debt concerns persist.
AIA's Half-Year New Business Value Up 10% on Broad-Based Growth
AIA Group's H1 VONB rose 10% to $3.21 billion, led by strong Hong Kong performance and broad segment growth.
China Holds Benchmark Loan Rates Steady for 15th Straight Month
China kept benchmark lending rates unchanged in August for a 15th consecutive month, matching market forecasts.