2025-07-05 03:17
WASHINGTON, July 4 (Reuters) - U.S. President Donald Trump said on Friday his administration later in the day will begin sending letters to 10 to 12 countries informing them of the tariff rate their products will face in the United States. Sign up here. https://www.reuters.com/world/china/trump-says-10-12-countries-will-get-letters-tariff-rate-friday-2025-07-05/
2025-07-05 02:37
July 4 (Reuters) - At least 24 fatalities have been confirmed as a result of flash floods along the Guadalupe River in Texas, Kerr County Sheriff Larry Leitha said on Friday. Sign up here. https://www.reuters.com/world/us/least-24-dead-texas-flash-flooding-sheriff-says-2025-07-05/
2025-07-05 01:52
KUALA LUMPUR, July 5 (Reuters) - Malaysia said on Saturday it has imposed provisional anti-dumping duties ranging from 3.86% to 57.90% on certain iron and steel imports from China, South Korea and Vietnam. The duties on imports of galvanised iron coils or sheets or galvanised steel coils or sheets were imposed based on a preliminary determination made in an anti-dumping duty investigation initiated on February 6, the investment, trade and industry ministry said in a statement. Sign up here. "The government finds that there is sufficient evidence that the importation of the subject goods... is being dumped and that the investigation should be continued," it said. The provisional duties be in effect from Monday for up to 120 days with a final determination to be made by November 3, the ministry said. https://www.reuters.com/markets/commodities/malaysia-puts-anti-dumping-duties-some-china-south-korea-vietnam-iron-steel-2025-07-05/
2025-07-04 23:58
Shipping rates likely to increase as vessels forced to reduce loads In the past, such levels more usual in August Driest June for more than a century, weather institute says BUDAPEST, July 4 (Reuters) - Unusually low water levels on the Danube river in Hungary are affecting shipping, agriculture, and local ecosystems along Europe's second-longest river, which is a major transport route across the continent. Temperatures peaked at 35 degrees Celsius (95 degrees Fahrenheit) in Budapest this week as much of Europe baked in an early summer heatwave linked to the death of at least eight people. Sign up here. As a result of the low water levels, cargo ships must leave behind more than half of their cargo and can only operate at 30-40% capacity, Attila Bencsik, deputy president of the Hungarian Shipping Association, said. Shipping rates might increase by as much as 100% as a surcharge is added when a ship cannot sail fully loaded, he said. Such low water levels have been previously recorded on the Danube, but they usually happen in August, Attila Szegi, a deputy spokesman for the Hungarian General Directorate of Water Management, said. Szegi said that rain was expected in the Danube catchment area next week, which should lead to a slight rise in water levels and an improvement in the shipping situation. The Hungarian state meteorological institute HungaroMet said that rainfall in June was only 17% of the average for that month, making this June the driest since 1901. "June is one of the most rainy months of the year in our climate, and now we have this low water level," Gyorgy Matavovszki said, as he stopped with his kayak on a sandbank at Szob, a town north of Budapest. "It has its beauty because the water is clear, it is easy to paddle in it ..., but it is worrying." The Vistula river was at a record low in Warsaw, and the Rhine in Germany was also unusually low. Michał Sikora, a meteorologist and hydrologist at Poland's IMGW, said that the Vistula River reached a record low level of 19 centimetres (7.48 inches) on Friday, adding that it is expected to decline further in the coming days, possibly to below 15 centimetres. https://www.reuters.com/business/environment/low-water-levels-danube-disrupt-shipping-heatwave-hits-hungary-2025-07-04/
2025-07-04 22:46
Firefighters battling Crete wildfire for a third day Thousands of tourists returning to their hotels Europe sweltering in early summer heatwave Twenty cities in Italy placed on heat red alert ATHENS, July 4 (Reuters) - Gale force wind gusts complicated efforts on Friday to contain wildfires on Crete that have razed forests and olive groves and forced thousands of residents and tourists to evacuate. Around 130 firefighters, 48 vehicles and six helicopters were deployed on the third day of the effort, with the wind and dry conditions raising the risk that blazes might restart in areas of the island where they had already been contained. Sign up here. In Greece's capital Athens, about 800 people were evacuated from the suburb of Koropi where more than 120 firefighters battled a blaze supported by eight airplanes and eight helicopters, a fire brigade spokesperson said. The fires in Crete and in Athens come as much of Europe swelters in an early summer heatwave, which officials have linked to at least eight deaths on the continent. The blazes in Crete, which broke out in a village about 16 km (10 miles) east of Ierapetra on Wednesday, have consumed swathes of agricultural land in the southeastern corner of the island, leaving dead animals and scorched farmhouses. Olive farmer Giorgos Poulis was sorting out destroyed farming equipment beside his burned-out truck. "The damage is incalculable in every way, from water drilling equipment, pipes, tires, cars, the cement mixer," he said, gesturing around him. George Tzarakis, head of Hoteliers of Ierapetra and southeastern Crete, told Reuters most of the 3,500 tourists who had been evacuated were returning to their hotels. Tourism is a key earner in Crete, the largest island in Greece, and local hoteliers were concerned about future bookings as the fire hit at the start of the peak summer holiday season. Temperatures in Greece were forecast to reach up to 38 degrees Celsius (100.4 Fahrenheit) on Friday, the Greek weather service said. In another Athens suburb, Pikermi, some 148 firefighters battled a fire that broke out on Thursday, threatening many homes, cutting power and prompting authorities to move more than 300 people to safety. The fire was contained but not extinguished, the fire brigade official said. In Italy, the health ministry put 20 of the 27 cities it monitors for heatwaves on red alert on Friday. RAI public broadcaster said temperatures would go as high as 38 C in Florence and 37 C in Rome, Bologna and Perugia. Spain's Health Ministry estimates that 341 deaths have been attributable to heat-related illnesses since the beginning of June, as the country grapples with soaring temperatures. With the heat comes a higher risk of wildfires. Greece and other Mediterranean countries are in an area dubbed "a wildfire hotspot" by scientists - with blazes common during hot and dry summers. These have become more destructive in recent years due to a fast-changing climate, prompting calls for a new approach. "With multiple heatwaves and fire risks expected through September, there is an urgent need to shift from reactive response to proactive preparedness," the International Federation of Red Cross and Red Crescent Societies said this week. https://www.reuters.com/business/environment/greece-battles-wildfire-crete-third-day-temperatures-rise-2025-07-04/
2025-07-04 21:10
CAMPINAS, Brazil, July 4 (Reuters) - Rebuilding global coffee stocks may take at least a couple of good crops following successive deficits in the supply-demand balance, coffee industry officials said on Friday during a Coffee Dinner & Summit event in Brazil. WHY IT'S IMPORTANT Global coffee prices hit a record high earlier this year, amid supply issues and resilient demand. Sign up here. Even with a large harvest expected next season in Brazil, the world's largest producer and exporter, that may not bring immediate relief for coffee consumers. KEY QUOTES "I do not believe (the industry will be able to) build up stocks from this year to next year. I think we would need at least two good harvests," the commercial superintendent of Brazilian coffee co-operative Cooxupe, Luiz Fernando dos Reis, told Reuters on the sidelines of the event. "To replenish the stocks we had four years ago, it will take at least two years of very good harvests, if everything goes well," said Louis Dreyfus Company's coffee research director Charles Chiapolino. "And we know how difficult it is to keep the climate aligned across the world for two years in a row, it's almost impossible," Chiapolino added. "At the moment, no one can build stocks with demand stable, or growing in some countries," said the chief executive of the Colombian Coffee Growers Federation, German Bahamon. WHAT'S NEXT Reis, from Cooxupe - the world's largest coffee cooperative - said that even if Brazil produces a large harvest in the 2026/27 season, the following crop is not expected to be as good since the main coffee variety grown in the country, arabica, alternates in a biennial cycle of high and low output. https://www.reuters.com/world/americas/rebuilding-global-coffee-stocks-may-need-least-two-good-crops-experts-say-2025-07-04/
