US to Finalize Asean Trade Deals in Weeks or Months, Greer Says

Switzerland's economy is projected to experience significantly slower growth in 2026, primarily due to the substantial tariffs imposed by the United States, as reported by Zurich's KOF research institute. This slowdown is concerning as it highlights the potential impact of international trade policies on local economies, making it crucial for Swiss businesses and policymakers to adapt to these changes.

Hungary has made it clear that it will continue purchasing Russian oil despite pressure from US President Donald Trump to halt these transactions. Foreign Minister Peter Szijjarto emphasized that the country's landlocked geography presents significant challenges in sourcing oil from alternative suppliers. This decision is crucial as it highlights Hungary's reliance on Russian energy and raises questions about the broader implications for European energy security and geopolitical alliances.

The United States is set to finalize trade agreements with Southeast Asian nations in the upcoming months, according to the trade representative. This move is significant as it aims to strengthen economic ties in a region that is increasingly vital for global trade. By enhancing these partnerships, the U.S. hopes to boost its influence and foster mutual growth, which could lead to more job opportunities and economic stability for both sides.

India's Commerce Minister Piyush Goyal has expressed the country's desire to boost its imports of oil and gas from the United States. This move comes as trade talks between the two nations resume, with India also seeking to negotiate lower tariffs on its exports. Strengthening energy ties with the US could enhance India's energy security and foster a more robust trade relationship, making this a significant development for both countries.

Iranian diplomats visiting the U.S. have been barred from shopping at Costco, highlighting ongoing tensions between the two nations. This restriction not only affects the diplomats' ability to access goods but also symbolizes the broader diplomatic rift. Such measures can impact international relations and the perception of the U.S. as a host country, raising questions about the balance between security and hospitality.

Disney has announced a price increase for its streaming plans in the U.S., which has sparked concerns among subscribers. This change could impact viewer retention and satisfaction, as many are already feeling the pinch of rising costs in entertainment. It's a significant move for Disney as it navigates a competitive streaming landscape, and it raises questions about the future of subscription-based services.

China has announced that it will no longer pursue special treatment for developing countries at the World Trade Organization (WTO), a move that could help reduce tensions with the U.S. Premier Li Qiang emphasized this decision as a reflection of China's role as a responsible major developing nation, while still maintaining its status as a developing country. This shift is significant as it may lead to a more cooperative trade environment and could influence future negotiations between China and the U.S.

China has announced it will no longer claim benefits as a developing economy under World Trade Organization (WTO) rules, a decision that follows persistent objections from the United States. This shift is significant as it reflects China's evolving role in global trade and may impact future negotiations and trade dynamics within the WTO.

Australia's stock market closed lower today, with the S&P/ASX 200 index dropping by 0.92%. This decline reflects ongoing concerns among investors about economic conditions and market volatility. Such fluctuations can impact investor confidence and influence future trading decisions, making it a significant event for those following the Australian financial landscape.

Taiwan's stock market closed on a high note, with the Taiwan Weighted index rising by 1.18%. This positive movement reflects investor confidence and could signal a strengthening economy, making it an important development for both local and international markets.

China has announced it will no longer claim special benefits associated with its developing nation status in the World Trade Organization (WTO). This decision is significant as it reflects a shift in China's approach to international trade and may ease tensions with the United States, which has long criticized these claims. By stepping back from these benefits, China aims to foster a more cooperative trade environment, potentially paving the way for improved relations and negotiations.

Thailand is experiencing a slowdown in export growth, largely due to the impact of U.S. tariffs. This decline is significant as exports are a crucial part of Thailand's economy, affecting jobs and overall economic stability. The situation highlights the challenges faced by countries reliant on international trade, especially in the current global economic climate.

Facing a rejected business loan application can be disheartening, but it's important to remember that this setback doesn't have to define your entrepreneurial journey. Understanding the reasons behind the rejection can help you improve your chances in the future. This article provides practical steps to take after a rejection, such as reviewing your credit score, improving your business plan, and exploring alternative funding options. Knowing how to navigate this situation is crucial for small business owners looking to secure the necessary funds to grow and succeed.

Evercore ISI has lowered its price target for Accenture's stock to $300, citing various cross-currents affecting the company's performance. This adjustment reflects concerns about market conditions and potential challenges ahead for Accenture, which could impact investor confidence and stock performance. Understanding these shifts is crucial for stakeholders as they navigate the evolving landscape.

Alibaba has unveiled ambitious plans to invest in new data centers and has also revealed a powerful AI model. This move is significant as it highlights Alibaba's commitment to enhancing its technological infrastructure and staying competitive in the rapidly evolving tech landscape. The investment in data centers will not only boost the company's capabilities but also support its growing AI initiatives, which are crucial for future innovations.

Eli Lilly has labeled the UK as the 'worst country in Europe' for drug prices, highlighting ongoing concerns about the affordability of medications in the region. This statement comes amid a backdrop of rising gold prices, which are nearing record highs. John Roberts, CEO of AO World, also expressed the challenges retailers face, particularly in light of the UK's new employment rights bill. This situation is significant as it underscores the broader economic pressures affecting both healthcare and retail sectors in the UK.

Goldman Sachs has reaffirmed its Buy rating for Zalando, signaling confidence in the company's growth potential. This endorsement is significant as it reflects the investment bank's belief in Zalando's ability to navigate the competitive online retail landscape successfully. Investors often look to such ratings as indicators of future performance, making this news particularly relevant for those interested in the stock market.

Donald Trump has labeled climate change as 'the greatest con job ever,' a statement that contrasts sharply with the views of many CEOs who acknowledge the scientific consensus on the issue. This divergence highlights a significant divide in public opinion and corporate responsibility regarding environmental challenges. As climate change continues to impact global economies and ecosystems, the stance of influential leaders like Trump could shape policy and public perception, making it crucial for businesses to align with scientific understanding.