India trade agreement is close, Europe deal possible: Trump

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.

U.S. stock markets closed higher on Wednesday, overcoming a sharp midday dip triggered by speculation that US President Donald Trump might fire Federal Reserve Chair Jerome Powell.

The United Kingdom`s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday.

Asian stock markets were under pressure on Wednesday while the dollar climbed to its firmest against the yen since early April, after U.S. inflation suggested tariffs are pushing prices up, dampening expectations for Federal Reserve policy easing.

The European Commission is set to unveil its proposal Wednesday for the EU’s next long-term budget, launching two years of tough negotiations over funding priorities, reforms, and rising costs—risking renewed clashes, particularly with farmers.

US President Donald Trump announced a new trade deal with Indonesia that includes a reduced 19% tariff on Indonesian goods entering the US—down from the previously threatened 32%. In exchange, Indonesia has committed to purchasing $15 billion in US energy, $4.5 billion in agricultural products, and 50 Boeing jets, many of them 777s.

China`s economy expanded more than 5%in the second quarter of 2025, official data showed on Tuesday, after analysts predicted strong exports would provide crucial support despite trade war pressures.

Global stock markets showed resilience on Monday despite US President Donald Trump’s threat to impose 30% tariffs on the European Union and Mexico starting August 1.

Italian Foreign Minister Antonio Tajani signaled a list of EU tariffs worth €21 billion ($24 billion) in response to recently announced US tariffs unless a deal is reached.

The European Union has once again postponed its planned retaliatory tariffs on US exports, European Commission President Ursula von der Leyen announced on Sunday, extending a suspension that was first introduced in March.

The United States will impose 30% tariffs on the European Union and Mexico starting Aug. 1, President Donald Trump announced on Saturday.

Germany’s Economy Minister Katherina Reiche on Saturday urged the European Union to adopt a pragmatic approach in its ongoing trade talks with the United States, as tensions rise over potential US tariffs.

Should former U.S. President Donald Trump follow through on threats to impose 30% tariffs on EU imports, the impact would vary widely across European Union member states, reflecting differences in their export profiles and exposure to the U.S. market.

Moscow has confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a "fortress Russia" economic model during the war in Ukraine, research showed on Wednesday.

President Donald Trump announced a 50% tariff Wednesday targeting Brazil as he blasted the trial of the country’s ex-leader and said a US “national security” levy on copper would begin in August.

US President Donald Trump said on Tuesday the United States is going to impose a 10% tariff on imports from BRICS countries, drawing another complaint from Brazil President Luiz Inacio Lula da Silva, who just hosted the bloc`s annual summit.