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Indonesia looks for ways to balance domestic industries with surging Chinese imports

A flood of Chinese products into Indonesia has hit local manufacturers hard, prompting the government to look for ways to placate domestic producers while avoiding angering the country's biggest trading partner.

Garment makers — both home-based piece work producers and factories — have appealed for help as they lose market share to low-cost apparel and textiles from China. A surge of products bought online has added to the problem.

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BMW recalling more than 720,000 vehicles due to water pump issue

BMW is recalling more than 720,000 vehicles due to an issue with the water pump's electrical connector that could potentially lead to a fire.

The National Highway Traffic Safety Administration said that the recall includes some X1, X3 and X5 vehicles as well as some other models.

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Fresh searches in Sicily yacht sinking with finance boss among missing

Specialist divers on Tuesday launched a fresh search for six people, including UK tech tycoon Mike Lynch and the chairman of Morgan Stanley International, missing since their yacht capsized off the Italian island of Sicily.

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EU plans 36% tariff on Chinese EVs, lower for Tesla

The European Commission said Tuesday it plans to slap five-year import duties of up to 36 percent on Chinese electric cars, unless Beijing can offer an alternative solution to the damaging trade row over state subsidies.

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Global stocks higher after Wall Street extends its winning streak to longest of the year

World stocks mostly rose Tuesday after Wall Street pushed closer to record highs following its roller coaster of a summer.

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Global stocks mixed after Wall Street's best week of the year; yen rallies

Global stocks were mixed Monday as investors pondered the upcoming meeting of the Federal Reserve, following Wall Street's best week since November that ended with a slight uptick in U.S. stocks Friday.

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Libya central bank resumes operations after abducted official's release

Libya's central bank said Monday it was resuming its operations following the release of a bank official who had been abducted earlier.

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Geagea urges involving private sector in power generation

Lebanese Forces leader Samir Geagea on Monday noted that the electricity crisis of the past two days proves that the management of the electricity sector has been a “total failure” for the past 15 years.

“There is not a single indication that this management will change, and accordingly only one solution remains: involving the private sector immediately in the process of producing electricity and distributing it across Lebanon,” Geagea said.

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Power supply secured for vital facilities as national grid goes offline

The state-run Zahrani Oil Installations overnight started pumping five million liters of fuel oil on loan to the Zahrani power plant through the supply line that connects them, a day after Lebanon’s state utility Electricité du Liban announced that its power plants had exhausted their supply of fuel oil and would stop producing electricity.

In a statement, the Installations director general said the process started after “completing all the administrative, technical and legal files,” adding that EDL’s board of directors would meet Sunday and issue a statement announcing when the power plant would become functional.

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Harris aims to blunt Trump economic attacks by proposing new tax breaks

U.S. Vice President Kamala Harris is promoting a broad set of economic proposals that would offer new tax breaks and lower the cost of living for Americans, aiming to address the financial concerns that are at the top of the mind for voters and that Republican Donald Trump is trying to lay at her doorstep.

Harris will be in the battleground state of North Carolina on Friday to lay out her plans, including a proposal for a federal ban on price gouging on groceries. She also is proposing $25,000 in down payment help for certain first-time homebuyers and tax incentives for builders of starter homes, among other things.

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