Friday, August 1, 2025

Pakistan to buy US Crude oil for the first time

INTRO:

Pakistan is preparing to import oil from the United States for the first time, following the signing of a new trade deal this week.

Analysts believe the move will broaden the country's crude sourcing options, while helping keep tariffs on its exports to the US in check.

Hira Mustafa has more.

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US Markets slump on Trump’s tariff deadline day

US stocks fell Friday morning following President Trump's latest tariff announcement.

The new duties range from 10% to 41% with nations scrambling to understand the implications of Washington's unpredictable trade policy.

Jagruti Dave has more from the US capital.

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Biden warns of Trump's “dark days”

Former US President Joe Biden has attacked Donald Trump in a rare
speech, warning that the US is facing "dark days".

Biden was speaking at a National Bar Association event in Chicago
honoring Black lawyers and judges, and the US' civil rights legacy.

Nick Harper reports from Washington.

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NEW FIGURES REVEAL SLOWDOWN IN US JOB GROWTH

New data released on Friday morning shows that job growth is slowing in the United States, while unemployment has risen slightly — raising questions about the strength of the economy.

Mitch McCann reports from New York:

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HEATHROW SUBMITS EXPANSION PLAN

The British government is reviewing plans from Heathrow Airport to install a third runway and expand some of its terminals.

The UK's largest airport has been trying to expand for over a decade but has been beset by pushback from environmentalists, noise campaigners, and economic conditions.

Stuart Smith has more from London.

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EU praises US trade deal but uncertainty lingers

The European trade commissioner has praised a trade deal struck with
the U.S. saying it will provide stability for businesses.

The Trump administration announced the new tariff rate for the
European Union along with a slew of other nations will take effect on
August 7th.

William Denselow reports from Brussels


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US Special Envoy to the Middle East Steve Witkoff visits Gaza

US Special Envoy to the Middle East Steve Witkoff is visiting Gaza on
Friday to inspect food distribution sites and discuss the starvation
crisis, as President Trump says the US will work with Israel to get
more food into the strip

Blake Sifton reports from Tel Aviv

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India Weighs Tariff Options, Faces Domestic Backlash, Vows to Protect Farmers

India is reportedly weighing diplomatic steps to appease the White House amid a surprise U.S. announcement of 25% tariffs on Indian goods.

Reports suggest New Delhi is exploring import boosts—not retaliation—to keep trade talks alive but it has vowed to protect its labour intensive agricultural sector at all costs.

Kshitij Nagar reports from New Delhi.

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Gold prices on track for weekly loss

Gold prices are set for a weekly loss as they come under pressure from a stronger US dollar.

This is outweighing the impact of the trade uncertainty caused by US tariffs, which has been providing support to the precious metal.

Rebecca Bundhun reports from Mumbai.

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Taiwan’s president calls 20% tariff rate ‘temporary’

INTRO: Taiwan's President Lai Ching-te on Friday called the 20 per cent tariff rate the US slapped on imports from his country "temporary" and expressed the hope it could be lowered through further talks.

After four rounds of face-to-face negotiations and multiple video conferences, Taipei and Washington were still trying to strike a deal, as Laura Westbrook reports.

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US says frustrated with India's slow trade negotiation as tariffs come into effect

Intro:


US Treasury secretary Scott Bessent says the US is frustrated with India's slow pace in negotiating a trade deal. 


The world's fourth largest economy was slapped with 25% tariffs despite months of negotiations. 


Ishan Garg tells us what it means for the country's businesses. 


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Thursday, July 31, 2025

Witkoff to visit Gaza amid food crisis

US Special Envoy Steve Witkoff will visit Gaza on Friday to see the
worsening food crisis first-hand.

It follows a Thursday meeting with Israeli Prime Minister Benjamin
Netanyahu to discuss new efforts to achieve a ceasefire with Hamas.

Nick Harper reports from Washington.

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US special envoy meets Netanyahu as Gaza "famine" unfolds

US Special Envoy Steve Witkoff has met Israeli Prime Minister Benjamin Netanyahu in Jerusalem as global outrage intensifies over the humanitarian crisis in Gaza.

Canada is the latest Western power to say it will recognise a Palestinian state.

Kate fisher reports from Washington


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US, Pakistan reach final agreement on trade terms

Suggested Intro:

Pakistan says it has reached a trade deal with the United States - just ahead of the August 1 deadline for reciprocal tariffs.

The confirmation comes after US President Donald Trump said that the two countries have signed a deal to jointly develop Pakistan's oil reserves.
 
Hira Mustafa has more.

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US STOCK MARKET SOARS, FOLLOWING EARNINGS REPORTS

U.S. stocks rose to record highs on Thursday following strong earnings from two of the country's tech giants, Microsoft and Meta.

The positive results came after strong economic data was released on Wednesday, showing the U.S. economy grew by three percent in the second quarter.

Mitch McCann reports:

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Ukraine restores independence to anti-corruption agencies

European Union officials have applauded Ukraine's decision to restore
independence to the country's anti-corruption agencies.

President Volodymyr Zelenskyy's ruling party received serious backlash
after taking steps to erode the authority of the two bodies.

William Denselow reports from Brussels

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RADIO: DRC-RWANDA PEACE DEAL

INTRO:

Rwanda's Minister of Foreign Affairs says the Democratic Republic of Congo must demonstrate its willingness to dismantle a Rwandan militia group known as the FDLR in eastern DRC in order for Rwanda to lift its "defensive measures" in the DRC. Minister Olivier Nduhungirehe made the remarks in Rwanda's parliament during the ratification of a US-brokered peace accord between the DRC and Rwanda. Chris Ocamringa has more from Kinshasa.


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Ukrainian president calls for "regime change" in Russia after deadly strike on Kyiv

The Ukrainian president has called for "regime change" in Russia after another deadly strike on Kyiv.

Eight people were killed in the Russian attack on Ukraine's capital, with Volodymyr Zelenskyy saying the conflict was "a war that only the Russian leadership wants".

Ross Cullen reports.



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UK TRANSPORT SECRETARY TO GRILL AIR TRAFFIC CONTROL BOSS AFTER SYSTEM FAILURE

The UK transport secretary will meet the boss of UK air traffic control later, after a 20-minute computer system outage prevented flights from taking off for over an hour on Wednesday.

British airlines have expressed frustration with the National Air Traffic Service, with Ryanair calling for CEO Martin Rolfe to resign.

Stuart Smith has more from London.

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Canada backs Palestinian statehood

Canada has become the latest G7 country to announce plans to recognize
a Palestinian state in September.

Meanwhile, US special envoy Steve Witkoff will visit Israel on
Thursday to discuss the starvation crisis in Gaza.

Blake Sifton reports from Tel Aviv

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