Dollar slumps 1% on report of narrower Trump tariffs

LONDON: The dollar slumped 1% on Monday after a report said President-elect Donald Trump was mulling tariffs that would only be applied to critical imports, potentially a relief for countries that were expecting broader levies. The Washington Post reported that Trump's aides were exploring plans that would apply tariffs to every country - but only on...

Malaysia blocks live cattle imports from Australia over skin disease scare

SYDNEY: Malaysia has temporarily suspended live cattle and buffalo imports from Australia, the Australian government said, days after Indonesia paused some imports after lumpy skin disease (LSD) was detected in a small number of cattle after arrival. Australia was urgently engaging with its Malaysian counterparts to lift the curbs while confirming the country remained free from...