Pedestrian killed in collision in Grovedale
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25 minutes ago
Trump says US has signed a deal with China on trade, without giving details
BANGKOK -- The U.S. and China have signed an agreement on trade, President Donald Trump said, adding he expects to soon have a deal with India. Commerce Secretary Howard Lutnick told Bloomberg TV that the deal was signed earlier this week. Neither Lutnick nor Trump provided any details about the agreement. 'We just signed with China the other day,' Trump said late Thursday. Lutnick said the deal was 'signed and sealed' two days earlier. It follows initial talks in Geneva in early May that led both sides to postpone massive tariff hikes that were threatening to freeze much trade between the two countries. Later talks in London set a framework for negotiations and the deal mentioned by Trump appeared to formalize that agreement. 'The president likes to close these deals himself. He's the dealmaker. We're going to have deal after deal,' Lutnick said. China has not announced any new agreements, but it announced earlier this week that it was speeding up approvals of exports of rare earths, materials used in high-tech products such as electric vehicles. Beijing's limits on exports of rare earths have been a key point of contention. The Chinese Commerce Ministry said Thursday that Beijing was accelerating review of export license applications for rare earths and had approved 'a certain number of compliant applications.' Export controls of the minerals apparently eclipsed tariffs in the latest round of trade negotiations between Beijing and Washington after China imposed permitting requirements on seven rare earth elements in April, threatening to disrupt production of cars, robots, wind turbines and other high-tech products in the U.S. and around the world. The agreement struck in May in Geneva called for both sides to scale back punitive tariff hikes imposed as Trump escalated his trade war and sharply raised import duties. Some higher tariffs, such as those imposed by Washington related to the trade in fentanyl and duties on aluminum and steel, remain in place. The rapidly shifting policies are taking a toll on both of the world's two largest economies. The U.S. economy contracted at a 0.5% annual pace from January through March, partly because imports surged as companies and households rushed to buy foreign goods before Trump could impose tariffs on them. In China, factory profits sank more than 9% from a year earlier in May, with automakers suffering a large share of that drop. They fell more than 1% year-on-year in January-May. Trump and other U.S. officials have indicated they expect to reach trade deals with many other countries, including India. 'We're going to have deal after deal after deal,' Lutnick said.
Daily Mail
25 minutes ago
- Daily Mail
Inside the astonishing story of the CEO allegedly killed by a 15-year-old boy - as one of his final acts before his untimely death is revealed
Multi-millionaire entrepreneur and Universal Store co-founder Greg Josephson had put his sprawling Brisbane mansion on the market just weeks before he was allegedly stabbed to death during a house party at the three-storey home. A 15-year-old boy has been charged with one count of murder after Mr Josephson was found critically injured at the gathering attended by 30 teenagers on Thursday. Officers arrived at the six-bedroom 1930s Art Deco mansion in Clayfield, in the city's inner north, just after 8.15pm and found the CEO unresponsive in an upstairs room. The Oriel Road property, which boasts a swimming pool and two car spaces, had been on the market for just 43 days when tragedy struck. Mr Josephson and his wife Tamra bought the home for $1.91million in 2016, which nine years ago was above today's median house price of $1.88million for Clayfield. The couple embarked on a major renovation, with Mr Josephson explaining at the time how they had planned to 'create a huge garage with a tennis court above it'. 'We were looking for a big family home and this was in very original condition,' he told the Courier Mail earlier this month. The home is listed for sale under Tamra's name along with a neighbouring home on Stafford Street. For almost two decades, Mr Josephson was the director of the Brisbane-based company he had established with his brother Michael in November 1999. This followed a career as a leasing manager with shopping mall and commercial office space owners Westfield, Lendlease and Jones Lang LaSalle. From one store in Carindale, Universal Store has grown to 80 outlets in every state and territory of Australia, as a leader in youth and streetwear fashion with an annual revenue of more than $288million The company is now valued at $573.104 million on the Australian share market. The Josephson brothers sold the business for $100million in September 2018 to private equity investors Five V Capital, Catalyst Direct Capital Management and BBRC Worldwide, which had previously invested in Bras N Things. Universal Store Holdings was listed on the Australian Securities Exchange in November 2020 and the brand has continued to grow since the Josephson brothers relinquished control almost seven years ago. It delivered a net profit after tax of $34.3million during the 2023-24 financial year, marking a healthy 45.7 per cent increase. Greg became the chief executive of Josephson Holdings in November 2018 and used his post-retail career to run a bed-and-breakfast and café on the Sunshine Coast. He expanded his hospitality interests in 2021, buying the Noosa Reef Hotel in the ritziest part of the Sunshine Coast for $13.9million. Greg Josephson's love of retail began after he graduated from Griffith University in 1987 with a Bachelor of Commerce majoring in marketing. At age 20, he became a leasing executive with Jones Lang LaSalle, before moving to Lendlease in 1991 and Westfield in 1995. He expanded his hospitality interests in 2021, buying the Noosa Reef Hotel in the ritziest part of the Sunshine Coast for $13.9million. Mr Josephson's love of retail began after he graduated from Griffith University in 1987 with a Bachelor of Commerce majoring in marketing. At age 20, he became a leasing executive with Jones Lang LaSalle, before moving to Lendlease in 1991 and Westfield in 1995. Acting Assistant Commissioner Rhys Wildman said an altercation took place between the 15-year-old and the father-of-three, who are believed to be known to each other. 'There was some sort of altercation that's resulted in this 58-year-old male tragically, losing his life,' he told The Courier Mail. 'It's not a case of carrying knives, it's unfortunately allotted in a home. 'Police are not looking for any other party, so it was an individual, the 15-year-old is the sole offender that we believe was involved in this incident. 'The guests at the party were not involved in the incident as it unfolded.' Officers found the 15-year-old boy near the property, on Barlow Street, and took him into custody. He was refused police bail and has been taken to hospital.
Yahoo
26 minutes ago
- Yahoo
First female US ambassador to Russia to leave her role
The first female US ambassador to Russia is leaving her role after serving through one of the most difficult periods in relations between the two countries. Lynne Tracy, who has been based in Moscow, said she is "proud to have represented my country" in the Russian capital "during such a challenging time". There is no suggestion she has been removed from her role by the administration. The departure of the career diplomat appointed by former president comes as Russia and the United States discuss a potential reset in their ties, which sharply deteriorated after Moscow launched its full-scale war in Ukraine in February 2022. President Donald Trump has said there are potentially big investment deals to be struck, but is growing increasingly frustrated that his efforts to broker a peace deal to end the war in Ukraine have so far not resulted in a meaningful ceasefire. In a statement shared by the US embassy in Russia on Telegram, Ms Tracy said: "As I leave Russia, I know that my colleagues at the embassy will continue to work to improve our relations and maintain ties with the Russian people. "I have been inspired by my meetings with Russians who love their country and work every day for a better future. I would like to conclude with lines from Pushkin's poem 'To Chaadayev', which speak of the love for the Motherland that lives in each of us. Goodbye!" The embassy said it wanted to "express our gratitude for her contributions based on consistent diplomacy, deep respect for Russian culture, and dedicated service to the American people". Read more from Sky News: In a statement earlier this month, the embassy said Ms Tracy, who arrived in Moscow in January 2023 and was greeted by protesters chanting anti-US slogans when she went to the foreign ministry to present her credentials, would leave her post soon. She was notably involved in efforts to win the release of US citizens jailed in Russia, and former marine Paul Whelan, who were eventually freed in August 2024 as part of a big East-West prisoner swap. Ms Tracy, who took over from John Sullivan, had previously served as the second-highest official at the US Embassy in Moscow, the deputy chief of mission, from 2014 to 2017. She was the ambassador to Armenia at the time she was nominated to replace Mr Sullivan after he retired. Ms Tracy, who speaks Russian, had also worked at US diplomatic outposts including Turkmenistan, Pakistan and Kazakhstan. She majored in Soviet Studies and holds a law degree.
