A landmark $550 billion trade pact between the United States and Japan has been thrown into chaos, after Tokyo’s top trade negotiator abruptly canceled a high-stakes visit to Washington at the last minute on Thursday. The shock move derails talks that were meant to finalize the massive investment-for-tariff-relief deal, revealing…
The world’s diplomatic chessboard is about to be dramatically reset, as North Korean leader Kim Jong Un prepares for a rare and highly symbolic overseas trip. He is heading to Beijing to stand alongside Russian President Vladimir Putin at a major military parade, a carefully orchestrated gathering that will place…
India’s economy entered 2025 with momentum few emerging markets could match. Extreme poverty had nearly vanished, an S&P sovereign credit upgrade had lowered capital costs, and GDP growth was running at the fastest pace in Asia. Investors spoke of a once-in-a-generation chance for India to evolve from a service-led economy…
The UK government is weighing up a controversial new tax measure that would see landlords pay National Insurance contributions (NICs) on rental income, as Chancellor Rachel Reeves searches for ways to plug a £40 billion shortfall in the public finances.Reeves, who will deliver her first autumn budget in the coming months,…
Shares in French spirits group Pernod Ricard rose by more than 5.7% on Thursday after the company reported a smaller-than-expected fall in annual sales and profit, while offering guidance that pointed to improving trends in the latter half of fiscal 2026. The performance was received positively by investors, who had…
Iran’s embattled currency, the rial, slumped below the psychological barrier of one million to the dollar on Thursday, reaching a new record low as traders and ordinary Iranians brace for the reimposition of United Nations sanctions by European powers. The precipitous decline comes amid fears that diplomatic negotiations over Iran’s…
On August 29, Germany will launch its second liquefied natural gas (LNG) import terminal at Wilhelmshaven port. This move by state operator Deutsche Energy Terminal (DET) is part of the country’s efforts to diversify its energy supply, according to a Reuters report. The unprovoked invasion of Ukraine by Russia in 2022 triggered…
On Thursday, a tanker laden with liquefied natural gas (LNG) from Russia’s sanctioned Arctic LNG 2 plant arrived at an import terminal in southern China.This vessel had loaded its cargo at a Russian storage facility in June, according to ship-tracking data from Kpler and LSEG, quoted in a Reuters report.This…
Indian conglomerate Adani Group is reshaping its leadership structure by increasing the presence of women at the top, with a number of appointments going to members of the founding family. The move is part of the company’s broader plan to improve diversity in its boardrooms, but also reflects the long-standing…
A day of reckoning is unfolding for two of the world’s most influential tech titans, sending starkly conflicting signals through a nervous European market. While a blockbuster earnings report from the AI kingpin Nvidia is providing a much-needed dose of optimism, a catastrophic collapse in Tesla’s European sales is painting…