Around the Globe

Around the Globe

China threatens new tariffs on $60 bn worth of US goods

Beijing warned today it was prepared to impose new tariffs on 60 billion worth of US goods if Washington ups the ante in the escalating US-China trade war.

The commerce ministry issued a statement saying the new duties would be applied if Washington pulled the trigger on President Donald Trump's threat to raise tariffs on 200 billion worth of Chinese goods.

The statement said China reserves the right to apply "other countermeasures".

Southeast Asia flags progress with China over disputed waterway talks

Southeast Asian nations are set to announce agreement with China on a working text for negotiations over a code of conduct to ease tension in the disputed South China sea at a meeting that began on Thursday.

A draft communique seen by Reuters shows the 10-member Association of Southeast Asian Nations (ASEAN) also aims to soon reach a cybersecurity deal with Russia, which the United States has accused of election meddling, following hacks in the region.

US designates three Pakistanis as global terrorists

The US has designated three Pakistanis linked to the LeT, the outfit responsible for carrying out the 2008 Mumbai attack, as global terrorists to shut down the militant group’s financial network and curtail its ability to raise funds to carry out violent terrorist attacks.

Gunmen take dozens hostage in eastern Afghan city

Suspected Islamist militants stormed a government building in the eastern Afghan city of Jalalabad on Tuesday, taking dozens of people hostage after a suicide bomber blew himself up at the entrance gate, officials and witnesses said.

There was no immediate claim of responsibility, though a spate of deadly attacks on the city in recent weeks have been seen as a show of force by the Islamic State militant group.

Dozens of Druze women, children kidnapped by IS in Syria’s Sweida

The Islamic State group kidnapped dozens of Druze women and children when it attacked their village last week in Syria’s Sweida, residents of the southern province and a monitor said on Monday.

Sweida, which is mainly government-held and populated with Syria’s Druze minority, had been largely insulated from the conflict raging in the rest of the country since 2011. But on Wednesday, a string of suicide blasts and shootings claimed by IS left more than 250 people dead in the provincial capital and nearby villages, most of them civilians.

Indian economy looks like it’s got momentum

The world’s fastest growing major economy is showing signs of a recovery in animal spirits, suggesting India’s mid-term outlook can weather global trade tensions and emerging market strains.

A cross section of forward-looking indicators compiled by Bloomberg News show largely positive signs. Sentiment in the manufacturing and services sectors – both of which make up nearly 80 per cent of the $2.6 trillion economy – rebounded in June, with new orders picking up pace.

Imran Khan to be sworn in as Pak PM before Aug 14: PTI

Imran Khan will be sworn in as Pakistan’s new Prime Minister before the country’s independence day on August 14, his party has anno­unced as it is trying to reach out to smaller parties and independents to form the next government.

Tho­ugh the Pakistan Tehreek-i-Insaf (PTI) has emerged as the single largest party in the National Assembly after the July 25 elections, the party is still short of numbers to form its government on its own.

Burned once by Trump, China’s Xi wary about fresh trade talks

The last time the US and China engaged in serious trade negotiations, President Xi Jinping’s top economic aide got burned. Following intense talks in Washington this May, Vice Premier Liu He declared that a trade war had been avoided after China agreed to “significantly increase purchases” of US goods. In interviews with Chinese media, Liu said Donald Trump showed him respect as Xi’s special representative, and he had “a very strong feeling” the US president wanted good relations with Beijing.

How a Frenzied Race to Harness the Mekong Turned Deadly

Stretching from its headwaters in the high-altitude Tibetan Plateau to its endpoint in the delta marshes of Vietnam, the mighty Mekong River is one of the world’s great ecosystems. For Laos, it represents so much more: the energy source behind an ambitious hydro-power buildout and decades of potential economic growth.

Imran takes lead in Pak cliffhanger

Cricketer-turned-politician Imran Khan's Pakistan Tehreek-e-Insaf (PTI) was leading in 103 parliamentary seats at the time of going to press while its main rival, Pakistan Muslim League (Nawaz) or PML(N) was ahead in 59 seats in the initial round of the counting in an election marred by a deadly suicide attack and allegations of manipulations by the powerful military.

The Pakistan Peoples Party (PPP) of former president Asif Ali Zardari was leading in 34 seats, indicating that he could play ‘kingmaker’ in case of a hung parliament, according to media reports.