The price of rice doubled in Japan in the 12 months to May, data showed Friday, as an acceleration in inflation piled fresh pressure on Prime Minister Shigeru Ishiba ahead of key elections next month.Polls for parliament’s upper house are crucial for Ishiba after public support for his administration tumbled to its lowest level since …
Rice prices double in Japan as inflation accelerates Read More »
Europe’s ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America.Even the bloc’s broader energy security and climate goals could depend on securing a steady supply of the key mineral, used in batteries and other clean energy supply chains.But Europe has run into a trio of …
Europe’s lithium quest hampered by China and lack of cash Read More »
President Donald Trump announced Thursday he had given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States.”I’ve just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025),” Trump posted on his Truth Social platform, putting off the …
Trump extends deadline for TikTok sale by 90 days Read More »
Stock markets mostly fell Thursday while oil prices rose as the Israel-Iran conflict added to fears over a renewed spike in inflation that could dent economic growth in major countries.Investors had already taken a cautious stance after the US Federal Reserve kept its interest rates unchanged and warned Wednesday that President Donald Trump’s trade war …
Stocks drop, oil gains as Mideast unrest fuels inflation fears Read More »
Air India’s Boeing plane was “well-maintained” before it crashed a week ago, killing all but one of 242 people on board, the airline said on Thursday.Indian authorities are yet to detail what caused the Boeing 787-8 Dreamliner to hurtle to the ground in the western city of Ahmedabad a week ago.At least 38 people were …
Air India says plane ‘well-maintained’ before crash Read More »
Nippon Steel completed its multi-billion-dollar acquisition of US Steel on Wednesday, granting rare veto-like power over strategic decisions to Washington with a “golden share”.The announcement concludes a saga that began in December 2023, when Nippon Steel agreed to acquire the linchpin of American steelmaking for $14.9 billion.An outright buyout sparked bipartisan political opposition, including from …
Nippon Steel closes US Steel acquisition under strict conditions Read More »
Asian stocks fell Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict.While geopolitical tensions are the key focus for markets, traders were also watching the US central bank’s latest meeting Wednesday as …
Asian stocks drop after Fed warning, oil dips with Mideast in focus Read More »
Nippon Steel and US Steel said Wednesday they had completed a long-debated transaction granting the US government a “golden share” — a veto-like power over the Japanese company’s strategic decisions.The agreement modifies a transaction originally announced in December 2023, in which Nippon Steel agreed to acquire US Steel for $14.9 billion. But the outright buyout of …
Dragging two suitcases and wearing a rucksack, Homa looked exhausted after crossing the Turkish border following a long trip from Tehran where she’d been on holiday when the Israel-Iran war began. The 40-year-old Iranian who works in Canada as a business analyst was stranded when Iran closed its airspace after Israel launched a massive pre-dawn bombing …
From Tehran to Toronto via Turkey: an Iranian’s bid to flee war Read More »
Wall Street stocks treaded water Wednesday after the Federal Reserve met expectations and kept interest rates steady while oil prices nudged higher following a volatile session amid ongoing clashes between Iran and Israel.The Fed held interest rates unchanged for a fourth consecutive meeting, as Chair Jerome Powell said more time was needed to monitor the …
US stocks flat as Fed keeps rates steady, oil prices gyrate Read More »
