A shift away from the US dollar is expected to continue in favor of emerging markets in Asia, as a record rally in US stocks is outweighed by a de-dollarisation trend. Analysts at Societe Generale say this is due to the erosion of the dollar's status as a reserve currency, with global investors becoming cautious about their $62 trillion in dollar-based assets. This comes after the Trump administration's "reciprocal tariffs" and a potential softening of US growth, which has also led to a decline in crude oil prices denominated in the US currency.
https://www.scmp.com/business/china-business/article/3316939/de-dollarisation-favours-asian-assets-despite-record-us-stock-run-societe-generale-says?module=top_story&pgtype=sectionIndia and Kuwait are holding foreign office consultations. The talks come after a recent incident involving Air Asia India, which was grounded due to safety concerns raised by the Asian Development Bank. Indian External Affairs Minister Dr. S Jaishankar is leading the delegation. The discussions also touch upon issues related to Southeast Asia and South Asia, including the Lok Sabha in New Delhi.
https://www.lokmattimes.com/international/india-kuwait-foreign-office-consultations-impart-momentum-to-bilateral-ties/India's Special Secretary Rajesh Agarwal is leading high-level trade talks with the US in Washington to conclude a bilateral trade agreement. The talks come after a 90-day pause, during which the tariff rate was kept at 10% for most countries. The deadline for this pause was set by US President Donald Trump on July 9. Negotiations are expected to continue until September-October to finalize a bigger trade deal.
https://www.lokmattimes.com/business/us-to-start-sending-letters-to-trade-partners-on-tariff-hikes-kicking-in-from-aug-1/Indonesian Deputy Speaker Eddy Soeparno condemned the killing of Dr. Marwan Al-Sultan, Director of the Indonesian Hospital in Gaza, along with his family, by Israeli forces as a blatant violation of international humanitarian law and a grave offense against human rights. He described the death as a great loss for both Indonesia and Palestine, urging the international community to take unified action to end Israel's genocidal actions and hold war criminals accountable. Soeparno reaffirmed Indonesia's support for Palestinian independence, stating that defending Palestine is a fulfillment of the country's constitutional mandate to uphold world peace and oppose colonialist practices.
https://en.antaranews.com/news/364029/mpr-condemns-israeli-murder-of-gaza-hospital-director?utm_source=antaranews&utm_medium=desktop&utm_campaign=popular_rightPakistan and Russia have agreed to collaborate on establishing a robust rail and road network to link Pakistan with Central Asia and Russia, providing landlocked states direct access to warm waters through Pakistan. The agreement was reached during a high-level meeting between Federal Minister for Communications Abdul Aleem Khan and Russian Deputy Minister of Transport Andrey Sergeyevich Nikitin at the Shanghai Cooperation Organisation (SCO) ministerial conference in Tianjin, China.
https://www.geo.tv/latest/612321-pakistan-russia-vow-to-expand-road-rail-connectivity-for-access-to-warm-watersPakistan's military remains committed to defending its borders against Indian-sponsored terrorism, following a recent attack that killed 13 soldiers in North Waziristan district. The Chief of Army Staff, Field Marshal Asim Munir, vowed to pursue and bring to justice those facilitating or perpetrating terrorism. Pakistan has seen a surge in cross-border terror incidents since the Taliban returned to Afghanistan in 2021, with a slight increase in militant attacks in May 2025.
https://www.thenews.com.pk/latest/1326345-security-forces-kill-30-terrorists-attempting-to-infiltrate-from-afghanistanTop uniformed officers from Japan, the US, and South Korea are set to meet in Seoul on July 4, 2025, as part of efforts to strengthen trilateral cooperation on defense issues. The meeting comes amid heightened tensions in the region, following a series of military drills by North Korea. The gathering is expected to focus on regional security concerns, including the Demilitarized Zone (DMZ) and the Korean Peninsula's nuclear situation.
https://mainichi.jp/english/articles/20250704/p2g/00m/0na/035000cThe US is re-evaluating its global alliances due to shifting power dynamics and changing interests. President Donald Trump's transactional diplomacy has contributed to this shift, as the country reassesses partnerships in Europe, the Indo-Pacific, West Asia, and South Asia. The rise of multipolarity poses a challenge to traditional American leadership, forcing the US to adapt its approach to global security.
https://www.firstpost.com/world/july-4-the-future-of-alliances-on-independence-day-america-wonders-who-its-partners-are-13902853.htmlThe Australian government is considering a proposal to host US President Donald Trump at the upcoming Quad leaders summit in Queensland, with Florida Governor Ron DeSantis reportedly involved in the negotiations.
https://www.9news.com.au/national/donald-trump-queensland-premier-david-crisafulli-launches-bold-bid-to-bring-the-us-president-to-the-state/4817c419-af59-4ba7-af65-8e5891865e16