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Crude oil futures prices opened higher during Monday’s Asian session following Trump’s threats to impose tariffs on Russia’s oil exports. The US president also said there would be “bombing” and “secondary tariff” on Iran if the country failed to make a nuclear deal.
Risk-off sentiment prevailed in the global markets last week after US President Donald Trump confirmed that he would proceed with auto and reciprocal tariffs on Wednesday this week. Adding to concerns, hotter-than-expected US Personal Consumption Expenditure (PCE) data fuelled worries that the US economy may be slipping into stagflation, with potential repercussions for global markets.
Finnish President Alexander Stubb has said he urged US President Donald Trump to set a deadline for a ceasefire in Ukraine in order to end the war, after returning from a surprise visit to Florida.
European private aerospace startup Isar Aerospace successfully completed the first test flight of its Spectrum rocket, despite the rocket crashing to the ground 30 seconds after launch on Sunday.
Muslims around the world bid farewell to the Islamic holy month of Ramadan and celebrated the holiday of Eid al-Fitr on Sunday.
"The hatred of women is everywhere and dictates the way men behave online," one young Gen Z person said in a recent poll when asked about misogyny on social media, while a young man said, "it isn’t that deep. It’s all a laugh".
A 5.1-magnitude earthquake struck near Mandalay, Myanmar, on Sunday morning in the latest string of aftershocks, but there have been no immediate reports of further damage.
Myanmar's main resistance movement to the country's military junta has announced a unilateral partial ceasefire in order to aid rescue efforts after a 7.7 earthquake struck the country on Friday.