Latest news with #BloombergL.P
The Star
a day ago
- Politics
- The Star
China and Philippines report encounter in South China Sea
BEIJING/MANILA (Bloomberg): China's coast guard said it drove away a Philippine ship around Scarborough Shoal in the South China Sea, the latest friction in a longstanding rivalry in the strategic waterway. "The China Coast Guard gradually took necessary measures such as shouting warnings, following and forcing, and water cannon warnings to drive away the Philippine ship,' it said in a statement. The Philippine coast guard said its Chinese counterpart harassed the vessel that was distributing fuel to Filipino fishing boats around the Scarborough Shoal, which is located within Manila's 200-nautical mile exclusive economic zone. "Despite these aggressive actions, including blocking maneuvers and a water cannon attack that briefly struck the port quarter of BRP Datu Taradapit, the vessel adeptly maneuvered away to avoid significant damage,' it said in a statement late Friday. China has deployed large coast guard ships and a maritime militia in parts of the South China Sea. To maintain its presence in the waterway, the Philippines supports Filipino fishers by regularly distributing fuel, food and other supplies. Since taking office in 2022, Philippines President Ferdinand Marcos has bolstered relations with the US and other countries in an effort to counter China's expansive and competing claims in the South China Sea, which were invalidated by an international arbitration ruling in 2016. The strategic waterway is believed to be rich in oil and gas reserves, and is a channel for trillions of dollars of sea-borne trade. --With assistance from Andreo Calonzo.-- ©2025 Bloomberg L.P.
Boston Globe
15-06-2025
- Politics
- Boston Globe
Trump Says US ‘Could Get Involved' in Iran-Israel Conflict
In a separate post on Truth Social, Trump said that many calls were taking place and that 'we will have PEACE, soon, between Israel and Iran!' Referring to a phone call between Trump and Vladimir Putin on Saturday, the president told ABC he would be 'open' to having the Russian president mediate the conflict. Advertisement 'He is ready. He called me about it. We had a long talk about it,' Trump said. Russia is a strategic ally of Iran. The two nations worked against the US in wars in Syria and Iraq. ©2025 Bloomberg L.P.
Boston Globe
12-06-2025
- Business
- Boston Globe
Chicago's 2024 marathon generated a record $683 million
Advertisement According to the report, the marathon generated $177 million to tourism-related industries, with visitors spending an average of $322 per day on accommodations, $111 per day on food and $147 a day on shopping. Jones said the data shows that tourism for big events has completely rebounded from the Covid pandemic, when restrictions limited mobility and travel. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up 'The Covid lockdown lid was finally completely lifted,' Jones said. Chicago has struggled to lure tourists back after the pandemic — while the number of visitors to the city rose 6.5% last year to 55.3 million, that's still below pre-pandemic levels. But the marathon's impact, along with a recent Beyoncé concert that helped drive hotel bookings in the city to a fresh record, show a rebound may be underway. Advertisement The marathon has lured international elite runners in recent years, with a flat 26.2-mile course that is one of the fastest in the world. In 2023, Kiptum set the world record in Chicago and came close to breaking the . He was later killed in a car crash and was honored at the 2024 race. ©2025 Bloomberg L.P.
American Military News
03-06-2025
- Business
- American Military News
Trump says US won't agree to any uranium enrichment by Iran
The U.S. will not allow any uranium enrichment as part of any deal with Iran under any deal the countries reach, President Donald Trump said. Trump made the comment in a social media post Monday evening, without elaborating. The U.S. president has regularly signaled that he thinks a deal may be near, and said Iran could face military strikes otherwise. Trump has long pledged that Iran will not have a nuclear weapon. He also said last week that he told Israeli Prime Minister Benjamin Netanyahu that a military strike on Iran would be 'inappropriate' right now as 'we're very close to a solution.' Iran, meanwhile, has said it wants clear assurances of the end of sanctions in any deal. The U.S. has not yet been willing to specify how sanctions would be lifted, Iran's Foreign Ministry Spokesman, Esmail Baghaei, said during a press conference in Tehran on Monday. ___ © 2025 Bloomberg L.P. Distributed by Tribune Content Agency, LLC.
The Star
02-06-2025
- Business
- The Star
Indonesia trade surplus shrinks as global tariff fears boost imports from China
JAKARTA (Bloomberg): Indonesia posted its smallest trade surplus in more than five years on signs importers are stocking up on goods from China and other key trading partners to mitigate the risks of rising global tariffs. The surplus narrowed to US$159 million in April, its smallest since October 2019 and far below a median estimate of US$2.8 billion in a Bloomberg survey of analysts. Imports into Southeast Asia's largest economy jumped by 22% year-on-year to $20.59 billion in the month, helped by increases in capital goods, raw materials and consumer goods, according to Indonesia's statistics agency on Monday. Exports rose just 5.8% to $20.76 billion, with higher shipments of coffee and basic metals helping to offset a 21% drop in mining exports that was partly caused by weaker coal shipments. The sharp rebound in imports suggests pre-emptive restocking at a time of rising trade risks due to higher US tariffs, according to Hosianna Evalita Situmorang, an economist at PT Bank Danamon Indonesia. Imports from China, Indonesia's largest trading partner, rose by 54% year-on-year. Goods from Japan and Singapore were also significantly higher. The statistics agency in a briefing didn't provide a detailed breakdown by category of monthly imports from individual countries. Indonesia's imports from China through April this year comprised mainly mechanical and electrical machinery and equipment, along with vehicles and parts. The pattern of higher imports due to pre-emptive restocking could continue in the coming months given ongoing trade headwinds, including from US President Donald Trump's higher steel import tariffs that are due to take effect in June, as well as an end to the tariff reprieve in July, Situmorang said. Mining exports will also likely remain under pressure from tariff risks and weak demand in China, she said. The smaller surplus could also weigh on Indonesia's current account, although pressures should be "manageable thanks to low oil prices and steady services,' Situmorang added. Indonesia in recent years has posted monthly trade surpluses typically well over $1 billion. The country last posted a trade deficit in April 2020. -- ©2025 Bloomberg L.P.
