Japanese stocks rocketed to a one-year high after Tokyo struck a headline-grabbing trade deal with Washington, slashing auto tariffs to 15% and triggering a global market bounce. The Nikkei jumped 3.5%, with Mazda soaring nearly 18% and Toyota and Subaru not far behind. Investors cheered the breakthrough, which not only avoids a damaging tariff war but also unleashes $550BN in Japanese investment toward the US economy.
Donald Trump hailed the deal as a “massive win,” while European markets reacted with optimism, hoping for similar relief. The Euro Stoxx 600 climbed 1%, led by a 4% surge in auto shares and a 7% spike in Stellantis. Even South Korean automakers got a boost, with analysts anticipating parallel talks between Seoul and Washington.
As EU negotiators prepare to meet US officials, the clock ticks toward an August 1 deadline—now seen as a pivot point for global trade. With high-stakes diplomacy, market volatility, and investor bets all in play, this is more than a bilateral deal—it’s a tremor shaking the foundations of global trade.
The United States intends to retain the oil aboard a tanker seized off the Venezuelan coast, White House spokeswoman Karoline Leavitt said on Thursday...
As the world marks the tenth anniversary of the Paris Agreement, the progress in combating climate change is mixed....
A new proposal in the U.S. Congress aims to remove decades-old restrictions on American assistance to Azerbaijan, reopening a sensitive debate that ha...
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, bloc...
China's commerce ministry said negotiations with the European Union over a minimum price plan for China-made electric vehicles (EVs)have restarted and...
The United States intends to retain the oil aboard a tanker seized off the Venezuelan coast, White House spokeswoman Karoline Leavitt said on Thursday.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Ukraine has handed the United States a revised 20-point peace proposal aimed at ending the war with Russia, a Ukrainian official said on Thursday, 11 December.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
German Chancellor Friedrich Merz congratulated Azerbaijan and Armenia on their recent peace deal which he said opened an "historic opportunity" for the region.
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency.
In this edition of World Business, we bring you exclusive coverage from InMerge 2025 in Baku, the region’s flagship innovation and investment summit.
In this edition of World Business, we explore London’s global investment strategy with Jace Tyrell, CEO of Opportunity London.
In this week’s World Business, we explore the intersection of AI, finance, and cutting-edge consumer technology.
In this World Business Special, Guy Shone sits down with the Country Director of the Asian Development Bank (ADB) in Azerbaijan to unpack what’s next for one of the region’s most pivotal development partnerships.
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