Investors are turning bearish on the U.S. dollar as Trump tariffs loom

The German government plans to ask all 18-year-old males about their willingness to join the armed forces through a compulsory questionnaire as part of a strategy to increase military personnel from 182,000 to 260,000, potentially reinstating conscription if necessary. Chancellor Friedrich Merz is leading efforts to enhance Germany's military capabilities, including an advertising campaign and incentives like subsidized driving licenses and language courses to attract more volunteers. Want More Context? 🔎

UN Secretary-General Antonio Guterres criticized the international community for its indifference to the escalating starvation crisis in Gaza, describing it as a "moral crisis" that demands urgent action. He called for an immediate ceasefire, unimpeded humanitarian access, and condemned the ongoing suffering of civilians, particularly children, exacerbated by the Israeli blockade and the limitations imposed by the Gaza Humanitarian Foundation. Want More Context? 🔎

The U.S. will implement new tariffs starting at 15%, with potential increases up to 50% unless countries negotiate trade deals, impacting consumer prices and operational costs for companies like Nestlé and General Electric. Economists warn of gradual price hikes across various goods, particularly in categories reliant on imports, as the U.S. tariff regime becomes established. Want More Context? 🔎

Five former members of the 2018 Canadian world junior hockey team, acquitted in a sexual assault case, remain ineligible to play in the NHL, prompting backlash from the NHLPA, which argues the players should be allowed to return. The NHL stated it is reviewing the case despite the acquittal, as the allegations were deemed disturbing, while Hockey Canada has suspended the players pending an appeal. Want More Context? 🔎

Grab your dancing crew for a chance to win a VIP table for four at Perth's lively Boot Scootin’ Stories line dancing event, featuring a professional instructor and a mix of country classics. Enjoy a delicious feast after dancing, with entries closing at 12:00pm on Friday, August 1, 2025; participants must be 18+ and can find the code word in The West Australian's PLAY magazine. Want More Context? 🔎

During a five-day golf visit to Scotland, President Trump aims to discuss potential improvements to the US-UK trade deal, particularly regarding tariffs on steel and Scotch whisky, with UK Prime Minister Sir Keir Starmer. Amidst a significant police presence and anti-Trump protests, Trump's itinerary includes meetings with European Commission President Ursula von der Leyen and Scottish First Minister John Swinney. Want More Context? 🔎