AFP
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BRICS nations voice 'serious concerns' over Trump tariffs
BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy. It warns that such measures "threaten to further reduce global trade" and are "affecting the prospects for global economic development."
Turkey opens Spotify probe after 'provocative playlist' complaint
Turkey's competition authority has launched an investigation into Spotify for anti-competitive practices as a deputy minister demanded legal action over "provocative" playlists allegedly offensive to the president's wife and disrespectful of Islam.
China's first Legoland opens to tourists in Shanghai
Thousands of local tourists poured into China's first-ever Legoland as it opened its gates in Shanghai on Saturday, the latest theme park hoping to capitalise on a domestic tourism boom. Companies have taken note of the wider local tourism boom and stepped up their plans in China.
Eight OPEC+ alliance members move toward output hike at meeting
Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with analysts expecting the latest in a series of output hikes for August. By approving another output hike, heavyweight Saudi Arabia might seek to up pressure on members for not keeping to agreed quotas via slashing expected oil profits due to lower prices.
Stocks, dollar drop as tariff talk dominates
Stock markets mostly fell alongside a retreating dollar Friday as international tensions over tariffs dominated sentiment. European stock markets retreated around midday, also as China said it will impose "anti-dumping" taxes of up to 34.9 percent on cognac and other brandy imported from the European Union starting from Saturday.
Second day of travel chaos as French air traffic controllers strike
French air traffic controllers staged the second day of a two-day strike on Friday, prompting the cancellation of flights affecting hundreds of thousands of people not just to-and-from France but also overflying the country as summer holidays kick off.
China to require EU brandy exporters to raise prices or face tariffs
China will require major European brandy exporters to raise prices or risk anti-dumping taxes of up to 34.9 percent from Saturday, the latest salvo in its long-running trade spat with the bloc. Beijing's commerce ministry said on Friday that China's tariff commission had "decided to impose anti-dumping duties on imports of relevant brandy originating in the EU" from Saturday.
Rio to host BRICS summit wary of Trump
A summit of BRICS nations will convene in Rio de Janeiro on Sunday and Monday, with members hoping to weigh in on global crises while tiptoeing around US President Donald Trump's policies. Brazil nevertheless hopes that countries can take a common stand at the summit, including on the most sensitive issues.
Trump to sign 'big, beautiful' bill on US Independence Day
US President Donald Trump will sign his flagship tax and spending bill Friday in a pomp-laden Independence Day ceremony featuring fireworks and a flypast by the type of stealth bomber that bombed Iran.
AFP
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