277 articles
On June 11 at the Indo Defence Expo in Jakarta, Indonesia officially signed an agreement with Turkey to purchase 48 KAAN fifth-generation stealth fighters, marking the aircraft’s first international export and Turkey’s largest-ever defense deal. The $10 billion contract spans 10 years. This move confirms the elimination of China’s J-10C from consideration.
To tackle soaring rice prices caused by crop shortages due to extreme heat, the Japanese government initiated its fifth round of rice reserve releases on June 11, distributing 120,000 tons of rice harvested in 2021. If fully purchased by retailers, another 100,000 tons from the 2020 harvest will follow. Previous releases have sparked nationwide buying frenzies, with long queues and overnight waits reported in several regions.
On June 10, the U.S. Court of Appeals for the Federal Circuit ruled to temporarily allow Trump-era tariffs to remain in effect during ongoing litigation, suspending a prior injunction from the Court of International Trade. The case, seen as a pivotal test of presidential trade authority, will be fast-tracked for oral arguments on July 31 and could significantly influence U.S.-China trade dynamics and domestic cost structures.
U.S. inflation data for May showed continued moderation, with core CPI rising only 0.1% month-over-month, missing forecasts for the fourth consecutive time. The softer numbers have strengthened expectations of a Federal Reserve rate cut in September. However, tariff-related inflation pressures are beginning to surface in select categories.
After a fiery online exchange with former President Donald Trump, Elon Musk publicly stated on June 11 that he regrets the series of posts he made last week criticizing Trump, admitting that his words "went too far." The incident not only attracted widespread media attention but also prompted public remarks from Musk’s father, who urged him to take a break.
U.S. Defense Secretary Hegseth testified before Congress on Tuesday regarding President Trump’s decision to deploy troops to control immigration-related protests in Los Angeles. The deployment, involving 2,700 personnel, is projected to cost $134 million and last at least 60 days—amid rising tensions with California officials and logistical challenges.
Recent large-scale immigration enforcement operations in Los Angeles have sparked widespread protests and unrest. The National Guard has been deployed in some areas as tensions continue to rise. Vandalism and looting were reported in downtown LA, with police using tear gas and flashbangs, while demonstrators retaliated with stones and water bottles. The Chinese Consulate in Los Angeles has issued a safety advisory urging Chinese nationals to stay alert, avoid protest areas, and refrain from going out at night or alone.
