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.
China announced on Saturday its intention to establish a global organisation aimed at fostering international cooperation on artificial intelligence (...
Beijing has issued a geological disaster alert for most of the city after intense rainfall triggered fears of landslides and flash floods. Nearby Baod...
Australia has signed a long-term defence treaty with Britain to deepen cooperation on the AUKUS nuclear submarine initiative over the next 50 years, t...
Pakistani FM Ishaq Dar said that Pakistan and the United States are 'very close' to finalising a trade agreement, suggesting the deal could be reached...
China announced on Saturday its intention to establish a global organisation aimed at fostering international cooperation on artificial intelligence (AI), positioning itself as a counterbalance to the United States in the global AI race.
Beijing has issued a geological disaster alert for most of the city after intense rainfall triggered fears of landslides and flash floods. Nearby Baoding saw more than a year's worth of rain fall in just eight hours, displacing thousands and breaking historical records.
Australia has signed a long-term defence treaty with Britain to deepen cooperation on the AUKUS nuclear submarine initiative over the next 50 years, the government announced on Saturday.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
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