India signs $7.4 billion deal with France for 26 Rafale fighter jets
India has finalized a $7.41 billion agreement with France to purchase 26 Rafale fighter jets for its navy, a defence ministry official confirmed to Reuters on Monday.
Some Japanese firms are voicing concern over U.S. trade policy uncertainty, fearing it may impact profits and production, the BOJ said. Despite a steady recovery across regions, global trade tensions continue to cast a shadow over Japan’s outlook.
Some Japanese firms are increasingly worried about the uncertainty surrounding U.S. trade policy, which they fear could affect their profits and production, the Bank of Japan (BOJ) said in a statement released on Monday. The remarks followed a quarterly meeting of the BOJ's regional branch managers.
In its latest report on regional economies, the BOJ maintained that all nine areas are either recovering or picking up moderately. Strong consumer spending—driven by robust demand for luxury goods and a continued influx of overseas tourists—has helped support the country’s economic momentum. Businesses also remain confident, with solid capital expenditure plans in place.
However, the central bank noted that “some firms voiced concern over the impact on output and profits” from the uncertain direction of U.S. trade policy, despite not explicitly mentioning recent tariff increases.
The report also highlighted a broadening trend of wage increases across various sectors, although smaller firms in some regions expressed hesitation about implementing further pay rises. Additionally, companies are passing on rising import costs at a moderate pace, with some considering further price hikes to cover increasing labour expenses.
The BOJ's report reflects both cautious optimism and lingering concerns over global trade volatility.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
China’s pivot away from U.S. liquefied petroleum gas under new tariffs is shaking global energy flows, slashing demand, and fuelling a scramble for alternatives across Asia, with Middle Eastern suppliers and rival buyers seizing the moment.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
A deadly attack targeting tourists in India’s Jammu and Kashmir territory has left at least 20 feared dead, marking the deadliest incident against civilians in the region for years, according to security sources.
Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
IMF and World Bank meetings in Washington left global finance leaders with more questions than answers on the economic impact of U.S. tariffs. Discussions on trade and debt concerns highlighted growing uncertainty, as markets worry about the broader economic fallout.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Uzbekistan and Iran have agreed to establish a Joint Business Council aimed at fostering development of business ties and facilitating the resolution of issues between entrepreneurs from both countries.
Brussels has fined Apple and Meta over €700 million combined, launching its first crackdown under the Digital Markets Act aimed at curbing big tech’s power and boosting competition in the digital economy.
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