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Bessent warns China on Russian oil purchases that could bring 100% tariffs

Bessent warns China on Russian oil purchases that could bring 100% tariffs

STOCKHOLM — U.S. Treasury Secretary Scott Bessent on Tuesday said he warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress, but was told that Beijing would protect its energy sovereignty. Source: www.straitstimes.com

Explainer-Why is Britain recognising a Palestinian state, and which other countries have done the same?

Explainer-Why is Britain recognising a Palestinian state, and which other countries have done the same?

LONDON — Britain announced on Tuesday it was prepared to recognise a Palestinian state in September unless the Israeli government takes substantive steps to end the «appalling situation» in Gaza and meets other conditions. Source: www.straitstimes.com

South Korea Finance Minister Koo to target mutually beneficial US trade deal

South Korea Finance Minister Koo to target mutually beneficial US trade deal

SEOUL — South Korean Finance Minister Koo Yun-cheol said on Tuesday he would try to derive a mutually beneficial trade agreement with the United States, in comments ahead of his departure to Washington to meet U.S. Treasury Secretary Scott Bessent. Source: www.straitstimes.com

Netanyahu says Israel is considering ‘alternative’ means to achieve Gaza goals, in apparent end to ceasefire talks

Netanyahu says Israel is considering ‘alternative’ means to achieve Gaza goals, in apparent end to ceasefire talks

JERUSALEM — Israel and its U.S. allies are now considering «alternative» options to bring their hostages home from Gaza and end the rule of Hamas in the territory, Prime Minister Benjamin Netanyahu said on Friday, apparently calling an end to ceasefire talks. Source: www.straitstimes.com

India-UK trade deal signals Modi’s priorities as New Delhi eyes EU, US pacts

India-UK trade deal signals Modi’s priorities as New Delhi eyes EU, US pacts

NEW DELHI — India’s trade deal with Britain is a sign of New Delhi’s new gradual shift to opening up its markets while shielding crucial sectors from competition and could be its template for future agreements, government officials and analysts said on Friday. Source: www.straitstimes.com

Australia, Britain to hold talks on boosting defence and economic ties

Australia, Britain to hold talks on boosting defence and economic ties

SYDNEY — Australia and Britain’s defence and foreign ministers will hold talks in Sydney on Friday on boosting cooperation, coinciding with Australia’s largest war games and the first visit by a British carrier strike group in three decades, Australia said. Source: www.straitstimes.com

US, EU trade talks boosted by Trump’s agreement with Japan

US, EU trade talks boosted by Trump’s agreement with Japan

BRUSSELS/WASHINGTON — The European Union and the U.S. are heading for a potential trade deal that includes a 15% U.S. baseline tariff on EU goods and possible exemptions, two European diplomats said on Wednesday, potentially moving President Donald Trump closer to securing another major trade agreement hours after he unveiled one with Japan.  Source: www.straitstimes.com

Takeaways of US-Japan deal include potential gains for Trump, Ishiba and EU

Takeaways of US-Japan deal include potential gains for Trump, Ishiba and EU

An emerging U.S.-Japanese trade deal could unlock major investment, avert a potential shock to the global economy and may deliver political wins for both U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba, though many specifics of the agreement remain unclear. Source: www.straitstimes.com