Beijing said it would impose 34% tariffs on imports from the US next week and limits on rare earth minerals, but countries in Southeast Asia are still coming to grips on how they will manage the trade crisis

Trump on Wednesday announced China would be hit with a 34% tariff, on top of the 20% he previously imposed earlier this year

The US has imposed tariffs ranging from 10% to 49% on countries across Asia and the rest of the world – plus two uninhabited Australian islands near Antarctica. In Asia there are fears of a trade war and a recession

Trump’s declaration has fanned fears of a global trade war and a recession, causing big losses in equities in Japan, South Korea and Taiwan

Suspicious activity at the disaster site in Bangkok has put the spotlight on the quality of construction materials, as well as adherence to building standards and designs. Other issues may also need to be addressed

Hanoi will reduce tariffs on LNG and cars from the US, and will allow satellite internet services by Elon Musk’s Starlink, it said today. It has also signed big energy deals with US firms

Another unpopular decision by Indonesia's Prabowo has unnerved citizens and investors. The Jakarta stock exchange has plunged by over 11.5% this year and there are growing doubts about his economic judgement

Some private banks will be able to have up to 49% foreign ownership – up from 30% – if they take over struggling financial institutions, Hanoi has said

US tariffs are set to be announced next month, but Treasury secretary says some of the 'dirty 15' trading nations are already curbing unfair practices and seeking to avoid reciprocal levies

Nvidia chief expected to reveal details about the company's new flagship AI chips – designed for huge data centres that train AI systems

PetroVietnam signed an MoU with to buy GE equipment for gas-fired power plants, plus deals with Conoco Phillips and Excelerate, while oil refiner Binh Son did a deal with Kellogg Brown & Root

Singapore prosecutors say local firms have been accused of fraudulently supplying $390m worth of US servers to Malaysia, amid reports it involves Nvidia chips sent to China