Canada's wildfires could continue into fall, says government
Canada is facing its second-worst wildfire season on record, with 7.8 million hectares already burned, and the fires could persist for weeks, accordin...
Japan has begun investigating whether nickel-based stainless steel sheets shipped from China and Taiwan are being dumped on its market at up to 50 % below home-market prices, the trade and finance ministries said on Tuesday.
The Ministry of Economy, Trade and Industry and the Ministry of Finance said the probe—requested by Nippon Steel and other domestic makers on 12 May—will run for up to a year before officials decide whether to impose punitive duties.
The petitioners allege the imports are sold in Japan at 20% - 50% less than comparable products in China and 3%- 20% less than those in Taiwan, forcing Japanese producers to discount their own prices and eroding operating profit.
Nippon Steel and its peers say they have struggled to pass on higher input costs, notably for nickel, since buyers switched to cheaper foreign supplies as domestic demand cooled.
Excess output from China—responsible for more than half of the world’s crude steel production, according to industry group worldsteel has become a global flashpoint, with the European Union, India and the United States already applying anti-dumping or safeguard measures. Japan has so far held back.
Tadashi Imai, chairman of the Japan Iron and Steel Federation and president of Nippon Steel, has warned that a rise in protectionism elsewhere could leave Japan exposed to a surge of low-priced imports, undermining domestic capacity.
China’s commerce ministry did not immediately comment on the Japanese action, while Taiwan’s economy ministry said it was still examining the notice.
If Tokyo decides to levy duties, it would mark the first time Japan has targeted Chinese steel with anti-dumping tariffs, potentially inflaming trade tensions with its largest trading partner.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
U.S. President Donald Trump said on Monday he expected Russian President Vladimir Putin to release more than 1,000 Ukrainian prisoners soon, after a trilateral meeting was set up with Ukrainian leader Volodymyr Zelenskyy.
Canada is facing its second-worst wildfire season on record, with 7.8 million hectares already burned, and the fires could persist for weeks, according to federal officials.
A research team led by Tsinghua University has unveiled a groundbreaking method for making organs transparent, offering the most detailed view yet of the brain’s inner workings.
Chinese Foreign Minister Wang Yi arrived in New Delhi today for a closely watched round of bilateral discussions with senior Indian leaders, including External Affairs Minister S. Jaishankar and National Security Adviser Ajit Doval.
In Bolivia's first-round presidential election, voters decisively rejected the leftist party that has ruled the country for most of the past two decades, signaling a shift toward more market-friendly policies to address the nation's economic struggles.
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