
Malaysia to mediate Thailand-Cambodia peace talks
Thailand and Cambodia's leaders will meet in Malaysia for peace talks on Monday, as the countries clashed for a fourth day in a deadly border dispute.
At least 34 people have been killed and more than 200,000 displaced as the countries, both popular tourist destinations, fight over a smattering of contested border temples.
Bangkok announced on Sunday that acting Prime Minister Phumtham Wechayachai and Cambodia's Prime Minister Hun Manet will meet for talks mediated by Malaysian leader Anwar Ibrahim, who chairs the ASEAN regional bloc of which Thailand and Cambodia are members.
Anwar said the expected talks were to focus on an immediate ceasefire between the two fighting neighbours.
"They (government representatives of Cambodia and Thailand) have asked me to try and negotiate a peace settlement," the Bernama national news agency quoted Anwar as saying late Sunday.
"I'm discussing the parameters, the conditions, but what is important is (an) immediate ceasefire," the Malaysian premier said.
Cambodia has not commented on the planned talks, which are due to begin at 3:00 pm (0700 GMT).
US President Donald Trump, who spoke to both leaders late Saturday, said they had agreed to "quickly work out" a ceasefire.
Trump has threatened both nations with eye-watering levies in his global tariff blitz unless they agree to independent trade deals.
"When all is done, and Peace is at hand, I look forward to concluding our Trading Agreements with both!" he wrote on social media.
Fresh artillery clashes erupted on Sunday morning near two long-contested ancient temples in the frontier region between northern Cambodia and northeast Thailand which has seen the bulk of the fighting.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
an hour ago
- Business Recorder
India reacts to Trump's 25% tariff on the country
U.S. President Donald Trump announced on Wednesday a 25% tariff on goods imported from India starting August 1 and an unspecified penalty for buying Russian weapons and oil. Trump's decision dashes hopes of a limited trade agreement between the two countries, which had been under negotiation for several months. Here are some reactions: Madhavi Arora, economist, emkay global 'While the negotiations seem to have broken down, we don't think the trade-deal haggling between the two nations is over yet. We see it more from the lens of geopolitics than purely economics and see both sides striving to get the deal done, even as the power equations may change a bit in U.S. favour.' R. Anen Banerjee, partner of economic advisory, PWC India 'Higher tariffs for India compared to countries it competes with, for exports to the U.S., are going to be challenging. However, the expectation is that the trade deal is likely to be finalised shortly and hence the period of applicability of these higher tariffs could be short.' Trump says US to impose 25% tariff on India from Aug 1 Nilesh Shah, MD Kotak Mahindra AMC 'Despite the unpredictable policy making of the U.S., the market was expecting a tariff deal to work out as longer-term U.S.-India strategic interests are aligned. Markets will hope for a 'TACO' trade if better senses prevail. China is defying U.S./UN sanction on Iran oil, Myanmar and Russia trade and North Korea support. Size and the competitiveness of the economy has its advantages. I hope and pray that this unilateral imposition should accelerate Indian policy making to be growth supportive. Our biggest deterrence continues to remain GDP size and competitiveness.' Agneshwar Sen, trade policy leader, EY India 'The decision to raise the U.S. tariff to 25% on Indian exports is an unfortunate development, particularly given the strong strategic partnership that has been steadily built between India and the USA in recent years. However, it's important to note that both countries remain positively engaged in active negotiations with the U.S. team expected in India later in August to finalize a comprehensive trade agreement.'


Business Recorder
3 hours ago
- Business Recorder
Oil prices fall on profit-taking as market weighs up supply risks
LONDON: Oil prices fell nearly 1% on Wednesday as investors awaited developments on U.S. President Donald Trump's tighter deadline for Russia to end the war in Ukraine and his tariff threats to countries that trade its oil. The most active Brent crude futures lost 68 cents, or 0.95%, to $71 a barrel by 1103 GMT while U.S. West Texas Intermediate crude slipped by 70 cents, or 1%, to $68.51. The Brent crude September contract that expires on Wednesday was down 69 cents, or 0.95%, at $71.82. Both contracts had settled on Tuesday at their highest since June 20. 'Events in the last few days have moved the needle a touch more, but we still appear to be somewhat rangebound and testing the next resistance level,' said Rystad Energy analyst Janiv Shah. Trump had said on Tuesday that he would start imposing measures on Russia, such as secondary tariffs of 100% on trading partners, if it did not make progress on ending the war within 10 to 12 days, moving up from an earlier 50-day deadline. The United States also warned China, the largest buyer of Russian oil, that it could face huge tariffs if it kept buying, Treasury Secretary Scott Bessent told a news conference in Stockholm. JP Morgan analysts wrote that while China was unlikely to comply with U.S. sanctions, India has signalled it would do so, which could affect 2.3 million barrels per day (bpd) of Russian oil exports. 'Oil prices reacted strongly yesterday, so there is some profit booking,' said UBS commodity analyst Giovanni Staunovo, adding that data from the American Petroleum Institute from Tuesday was also bearish for crude. 'Market participants are also taking into account that low prices and secondary sanctions/tariffs on Russia won't work at the same time.' U.S. crude and distillate stocks rose last week while gasoline inventories fell, market sources said, citing API data. 'Depending on the outcome of the U.S.-Russia discussions, tariff implementation and the OPEC+ meeting and announcement on unwinding (of output cuts), the market could see some movement,' Rystad's Shah added.


Express Tribune
3 hours ago
- Express Tribune
Trump says US to impose 25% tariff on India from Aug 1
Listen to article US President Donald Trump said on Wednesday that United States will impose a 25% tariff on goods imported from India starting on August 1. Trump said India will also face an unspecified penalty on August 1, but he did elaborate on the amount or what it was for. "While India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country," Trump wrote in a Truth Social post. "They have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE - ALL THINGS NOT GOOD!" India's commerce ministry, which is leading the trade negotiations with the US, did not immediately respond to a request for the comment. Read More: Trump to India: Trade deal by Aug 1 or face tariffs Earlier, US President Donald Trump said a trade deal with India has yet to be finalised and warned of possible higher tariffs ahead of an August 1 deadline to seal an agreement. His comments followed a Reuters report that India was preparing to accept higher tariffs of 20%-25% on its exports to the US in the absence of a trade deal, as it holds off on offering fresh concessions ahead of Friday's deadline. "India has been a good friend, but India has charged more tariffs, almost more than any other country," Trump told reporters aboard Air Force One on Tuesday, adding that it would come to an end. Asked about the Reuters report, Trump said a trade deal had not been finalised and India could face steeper tariffs.