Asian markets edged higher on Tuesday, lifted by gains in auto stocks after US President Donald Trump suggested he might ease tariffs on vehicles.
Asian stock markets edged up on Tuesday (15 April), supported by a surge in auto stocks after US President Donald Trump hinted at a possible easing of tariffs on vehicles.
In South Korea, the benchmark Korea Composite Stock Price Index (KOSPI) opened 0.35% higher at 2,464.51 points. In Tokyo, Japan’s Nikkei share average rose 1.1% at the opening, reaching 34,349.01 points.
Chinese stocks opened mixed, with the Shanghai Composite Index down 0.07% at 3,260.68 points, while the Shenzhen Component Index gained 0.02% to open at 9,886.1 points.
Global markets have been volatile over the past week following Trump’s shifting statements on tariffs. Over the weekend, the United States exempted smartphones and computers from new “reciprocal” tariffs, though Trump warned that levies would be introduced eventually. This move followed a 90-day postponement of most global tariffs.
With looming US tariff hikes on steel, the UK is pushing for a swift implementation of a trade deal meant to protect £400mn in exports and safeguard industry jobs.
Japan and the U.S. are facing tough trade talks as Tokyo resists quick concessions under tariff pressure from President Trump, preferring a balanced deal over a rushed agreement ahead of elections and amid broader tensions with China.
Hungarian Prime Minister Viktor Orban faces political challenges as U.S. tariffs threaten Hungary's economy. With opposition parties gaining momentum ahead of the 2024 elections, critics argue for a Europe-focused approach, criticizing Orban’s ties with Trump and his economic handling.
The IMF has lowered global and U.S. economic growth forecasts, citing Trump-era tariffs and rising uncertainty. Global growth is expected at 2.8% this year, while U.S. growth may slow to 1.8%, with heightened recession and inflation risks.
U.S. Secretary of State Marco Rubio and key international allies discussed the escalating conflict between Israel and Iran, emphasizing the urgent need to prevent Iran from acquiring nuclear weapons and seeking a diplomatic solution amid rising tensions.
The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.
Canada warns the U.S. to reach a trade deal by 21 July or face new steel and aluminium tariffs, as PM Carney vows to protect Canadian workers from U.S. measures.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
SpaceX’s massive Starship spacecraft dramatically exploded late Wednesday night during testing at the company’s test site in Brownsville, Texas. The incident marks the latest setback for billionaire Elon Musk’s ambitious plan to send humans to Mars.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.
European stock markets ended the day in negative territory following interest rate decisions by major central banks, including the U.S. Federal Reserve (Fed) and the Bank of England (BoE).
South Korea’s new administration proposed $14.7 billion in additional spending on Thursday to boost weak domestic demand, as President Lee Jae Myung pushes economic recovery as his top priority.
If the European Central Bank adjusts interest rates in the next six months, the move would likely be a cut, ECB policymaker Francois Villeroy de Galhau said on Thursday.
The European Bank for Reconstruction and Development (EBRD) has launched its Youth in Business programme in Türkiye, building on its success in 12 other countries. The initiative aims to mobilise up to €250 million in financing to support young entrepreneurs under 35.
U.S. Secretary of State Marco Rubio and key international allies discussed the escalating conflict between Israel and Iran, emphasizing the urgent need to prevent Iran from acquiring nuclear weapons and seeking a diplomatic solution amid rising tensions.
The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.
Canada warns the U.S. to reach a trade deal by 21 July or face new steel and aluminium tariffs, as PM Carney vows to protect Canadian workers from U.S. measures.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
SpaceX’s massive Starship spacecraft dramatically exploded late Wednesday night during testing at the company’s test site in Brownsville, Texas. The incident marks the latest setback for billionaire Elon Musk’s ambitious plan to send humans to Mars.
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