Headline news for July 31, 2025: Canada and European nations move toward recognizing Palestine amid the Gaza crisis. The US imposes tariffs on South Korea, easing trade tensions. The dollar strengthens as the Fed holds rates steady. China’s manufacturing contracts. Singapore’s growth outlook improves, avoiding recession.

Synopsis: A round up of global headlines to start your day by The Business Times.

Written by: Howie Lim / Claressa Monteiro (claremb@sph.com.sg)

Produced and edited by: Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

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S2E42: Palestine Recognition Grows, US Softens Trade Line, Fed Steady, China Contracts