Malaysia's June CPI rises 1.1% y/y, below forecast
The rise was less than the 1.2 per cent increase forecast in a Reuters poll. The index had risen 1.2 per cent in May. REUTERS
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Straits Times
24 minutes ago
- Straits Times
EU Commission discusses curbs on Israel research funding amid Gaza pressure
Find out what's new on ST website and app. FILE PHOTO: Palestinians gather at the site of an overnight Israeli air strike on a house, in Khan Younis in the southern Gaza Strip, July 28, 2025. REUTERS/Ramadan Abed/File Photo BRUSSELS - European Commissioners will on Monday discuss a proposal to partially suspend Israel's access to the EU's Horizon research funding program following calls from EU governments to increase pressure on Israel over the humanitarian crisis in Gaza. Multiple EU countries said last week that Israel was not living up to its commitments under an agreement with the European Union on increasing aid supplies to Gaza and asked the Commission to put concrete options on the table. The proposal was mentioned in a published agenda of Monday's meeting of the College of Commissioners, the top decision-making body of the European Union's executive. But the Commission has not explained it in detail. EU and Israeli officials had no immediate comment on the proposal. Israel has been participating in the EU's research programs since 1996, taking part in thousands of joint research projects over the past decades. Earlier this month, EU foreign policy chief Kaja Kallas said Israel had agreed to expand humanitarian access to Gaza, including increasing the number of aid trucks, crossing points and routes to distribution hubs. But in a tense meeting of European ambassadors in Brussels last week, countries including France, the Netherlands and Spain said not enough was being done, according to diplomats. Top stories Swipe. Select. Stay informed. Asia Thailand, Cambodia agree to 'immediate and unconditional ceasefire' to de-escalate border row Asia Gunman kills 5 near Bangkok's Chatuchak market before taking own life Singapore Tanjong Katong sinkhole: BCA to conduct independent probe, act against any non-compliance Singapore Foreign workers who rescued woman from sinkhole given tokens of appreciation Singapore COE quota up 2.6% to 18,701 for August-October period Business SIA's first-quarter profits fall by 59%; airline group sees volatile times ahead Singapore Ong Beng Seng set to plead guilty on Aug 4 in case linked to ex-transport minister Iswaran Singapore Jail for former pre-school teacher who tripped toddler repeatedly, causing child to bleed from nose Earlier this month, EU officials presented a list of options that the bloc could pursue to put pressure on Israel but the bloc has so far refrained from pursuing any of them. Israel on Sunday announced a halt in military operations for 10 hours a day in parts of Gaza and new aid corridors, while Jordan and the United Arab Emirates have airdropped supplies into the enclave. But officials and aid groups remain concerned and say much more needs to be done to alleviate the dire humanitarian situation in Gaza. REUTERS
Straits Times
3 hours ago
- Straits Times
US Democrats, Republicans plan bills to pressure China as Trump pushes trade
FILE PHOTO: U.S. President Donald Trump delivers remarks on artificial intelligence at the \"Winning the AI Race\" Summit in Washington D.C., U.S., July 23, 2025. REUTERS/Kent Nishimura/File Photo WASHINGTON - U.S. senators from both major parties plan to introduce bills this week targeting China over its treatment of minority groups, dissidents and Taiwan, emphasizing security and human rights as President Donald Trump focuses on trade with Beijing. The three bills, seen by Reuters ahead of their introduction, have Democratic and Republican sponsors, a departure from the fierce partisanship dividing Washington. Trump's push to reach economic agreements between the world's two biggest economies has strong support in Congress, especially from his fellow Republicans, but has prompted some China hawks to worry that the U.S. government is de-emphasizing security issues. "It does appear that President Trump is keen to negotiate some kind of deal with China, and gaps are opening between his approach to China and the approaches of some members of his team, as well as with Congress, which overall has been quite hawkish on China," said Bonnie Glaser, an Asia expert at the German Marshall Fund of the United States. The desire for a hard line on China is one of the few truly bipartisan sentiments in the perennially divided Congress, even as many lawmakers support Trump's efforts to rebalance the bilateral trade relationship. "The United States cannot afford to be weak in the face of the People's Republic of China and its aggression around the world," said Democrat Jeff Merkley of Oregon, a lead sponsor of all three bills. "No matter who is in the White House, America's values of freedom and human rights must remain at the heart of a clear and principled vision that guides our leadership on the global stage," Merkley said in a statement. Top stories Swipe. Select. Stay informed. Asia Thailand, Cambodia agree to 'immediate and unconditional ceasefire' to de-escalate border row Singapore Tanjong Katong sinkhole backfilled; road to be repaved after LTA tests Singapore Ong Beng Seng set to plead guilty on Aug 4 in case linked to ex-transport minister Iswaran Asia Gunman kills 5 security guards near Bangkok's Chatuchak market before taking own life Singapore COE quota up 2.6% to 18,701 for August to October Business Resilient economy versus uncertain outlook splits views on Singapore's monetary policy Singapore HPB looking for vaping, smoking counselling services for up to 175 secondary school students Singapore Jail for former pre-school teacher who tripped toddler repeatedly, causing child to bleed from nose White House officials have said that Trump remains fully committed to Asia-Pacific security issues as he pursues his trade agenda and a good personal relationship with Chinese President Xi Jinping. TRADE VS. SECURITY One bill, co-sponsored by Republican John Cornyn of Texas, would deny entry into the United States of current or former Chinese government officials who were deemed to have engaged in the forced repatriation of members of China's Uyghur minority. Human rights groups accuse China of widespread abuses of Uyghurs, a mainly Muslim ethnic minority numbering about 10 million in its northwestern region of Xinjiang. Beijing denies any abuses. Another, co-sponsored by Republican John Curtis of Utah, aims to help Taiwan as the island faces increasing pressure from China. It would support countries in Latin America and the Caribbean that maintain official diplomatic relations with Taiwan and would take other steps to deepen coordination with Taipei. China claims the democratically governed island as its own and has never renounced the use of force to bring Taiwan under its control. Beijing has stepped up military and political pressure against the island in recent years. A third bill, co-sponsored by Republican Dan Sullivan of Alaska, seeks to combat "transnational repression" - efforts by any foreign government to reach beyond its own borders to intimidate, harass or harm dissidents, journalists or activists. Facing Trump's August 12 deadline, top U.S. and Chinese economic officials will meet in Stockholm on Monday to try to tackle their longstanding disputes, hoping to extend a truce by three months and keep sharply higher tariffs at bay. Trump "cares about opening foreign markets to American trade, and that's what he's always cared about. And that is going to run counter to a lot of national security imperatives," said Michael Sobolik, who specializes in U.S.-China relations at the Hudson Institute. Democrats and some of Trump's fellow Republicans raised concerns about the announcement this month that Nvidia will resume sales of its H20 artificial intelligence chips to China, days after its CEO met with Trump. This reversed an AI restriction imposed in April that was designed to keep the most advanced AI chips out of Chinese hands. REUTERS
Straits Times
3 hours ago
- Straits Times
Italy's Meloni says it's a 'positive' trade deal was reached, calls for clarity
Find out what's new on ST website and app. FILE PHOTO: Italian Prime Minister Giorgia Meloni speaks to the media with Austrian Chancellor Christian Stocker (not pictured) at Chigi Palace in Rome, Italy, July 15, 2025. REUTERS/Yara Nardi/File Photo ROME - Italy's Prime Minister Giorgia Meloni welcomed the fact that a trade deal has been reached between the European Union and the United States but said that she would be seeking more details. Washington struck a framework trade deal with the EU imposing a 15% import tariff on most EU goods. "I consider it positive that there is an agreement, but if I don't see the details I am not able to judge it in the best way," Meloni told journalists on the sidelines of a meeting in Addis Ababa on Sunday. Italy is one of the biggest European exporters to the U.S., with a trade surplus of more than 40 billion euros ($46.70 billion). The Italian government, led by a nationalist coalition, had urged its European partners to avoid a direct clash between the two sides of the Atlantic. In a statement, Meloni said that the agreement "ensures stability", adding that the 15% "is sustainable, especially if this percentage is not added to previous duties, as was originally planned." On Monday, she said "a number of elements are missing", referencing key details on "particularly sensitive sectors", such as pharmaceuticals and the automotive industry. Top stories Swipe. Select. Stay informed. Singapore Tanjong Katong sinkhole backfilled; road to be repaved after LTA tests Singapore Ong Beng Seng set to plead guilty on Aug 4 in case linked to ex-transport minister Iswaran Asia Gunman kills 5 security guards near Bangkok's Chatuchak market before taking own life Business Resilient economy versus uncertain outlook splits views on Singapore's monetary policy Singapore HPB looking for vaping, smoking counselling services for up to 175 secondary school students Asia Cambodia says immediate ceasefire is purpose of talks; Thailand questions its sincerity Singapore Jail for former pre-school teacher who tripped toddler repeatedly, causing child to bleed from nose Singapore Woman allegedly linked to case involving pre-schooler's sexual assault given stern warning She also emphasised the importance of clarifying potential exemptions for certain agricultural products and gaining a clearer understanding of provisions relating to investments and gas purchases. Italy is ready to activate support measures at the national level for the sectors that will be particularly affected, and it will ask that they also be activated at the European level. Sunday's statement was also signed by the leaders of the other two coalition parties: Antonio Tajani of Forza Italia and Matteo Salvini of the League. REUTERS
