U.S. to cut Japan tariffs on autos under trade deal
The U.S. will lower tariffs on Japanese cars and auto parts by 16 September under a trade deal formalised by President Donald Trump, Japan’s chief n...
China has begun building a five-station cascade on the Yarlung Zangbo river in Tibet, a $170 billion project that will dwarf the Three Gorges Dam, lift construction shares and alarm India, Bangladesh and environmental groups.
Work got under way on Monday after Premier Li Qiang hailed the venture as a “project of the century,” state news agency Xinhua said. Designed to generate 300 billion kWh a year—roughly the electricity Britain used last year—the complex will tap a 2,000-metre drop along a 50-kilometre stretch of the river before it becomes the Brahmaputra.
Chinese markets treated the announcement as fresh stimulus. The CSI Construction & Engineering Index jumped more than 4 % to a seven-month high, while shares in Power Construction Corporation of China and Arcplus Group hit their 10 % daily limit. Yields on long-dated government bonds rose as investors rotated into equities.
Huatai Securities told clients the build-out would lift demand for cement, tunnelling gear and civil explosives. Citi estimated that, assuming a decade-long schedule, annual spending could add about 120 billion yuan (around $16.5 billion) to gross domestic product.
Li said engineers must “place special emphasis on ecological conservation to prevent environmental damage.” However, non-governmental organisations warned of irreversible harm to one of the plateau’s most biodiverse regions, while experts noted the site’s seismic activity.
India and Bangladesh—downstream on the Brahmaputra—have already voiced concern that the dam could disrupt water supplies or heighten flood risks for millions of people. Beijing maintains the project will meet Tibet’s power needs and feed the national grid “without major downstream impact.”
The scheme is being overseen by the state-owned China Yajiang Group and is expected to begin feeding power to the grid in the 2030s. Officials have yet to say how many residents might be displaced, but the smaller Three Gorges project created nearly one million jobs and forced a similar number of relocations during its two-decade build-out.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Türkiye’s premier technology festival, TEKNOFEST, is set to begin next week on 17 September at Istanbul Atatürk Airport. The five-day event is organised by the Turkish Technology Team (T3) Foundation and the Ministry of Industry and Technology.
Iran said recent expert-level talks with the Vienna-based IAEA, as well as FM Abbas Aragchi’s negotiations with the EU’s Foreign Policy Chief Kaja Kallas, were positive as the clock ticks towards the end of September deadline to decide the termination or reimposition of nuclear sanctions.
Kazakhstan, Kyrgyzstan and Uzbekistan have signed an agreement on joint water and energy resource management through to 2026.
Uzbekistan has sent humanitarian aid to Afghanistan following the series of earthquakes and aftershocks that hit the country last week causing thousand of deaths and leaving thousands others displaced.
A 16-year-old has been arrested over the killing of two officers in a gun attack on a police station in the western Turkish city of Izmir on Monday, Interior Minister Ali Yerlikaya said.
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