Volkswagen cuts 2025 forecast after U.S. tariffs slash €1.3 bn from earnings
Volkswagen cut its 2025 forecast after U.S. tariffs slashed €1.3 billion from profits, but strong EV demand and European sales offer signs of recove...
Biden blocks Nippon Steel's $14.9B U.S. Steel bid, sparking tensions during Blinken's Japan visit amid efforts to strengthen alliances against China.
U.S. President Joe Biden's decision to block Nippon Steel's $14.9 billion bid for U.S. Steel has cast a shadow over Secretary of State Antony Blinken's visit to Japan, raising concerns about U.S.-Japan ties.
Announced Friday, the decision comes as the U.S. seeks stronger alliances with Japan and South Korea to counter China's military expansion.
Japanese Prime Minister Shigeru Ishiba called the move "perplexing," and analysts warn it may deter foreign investment, though its impact on broader U.S.-Japan relations is expected to be limited due to shared security concerns. Nippon Steel and U.S. Steel have filed a lawsuit against Biden, claiming the merger was blocked under a "sham" national security review.
Blinken, joined by National Security Adviser Jake Sullivan, met Japanese Foreign Minister Takeshi Iwaya and emphasized the enduring strength of U.S.-Japan ties. The visit aims to build on trilateral cooperation with South Korea, despite political challenges in Seoul.
While Japan sees the merger's rejection as a setback, experts note Japan is unlikely to let it damage its strategic partnership with the U.S. However, business lobbies on both sides argue the decision could harm efforts to create secure supply chains, potentially benefiting China.
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.
U.S. Secretary of State Marco Rubio on Friday praised Pakistan's role in promoting regional stability and discussed deeper cooperation on counterterrorism, trade, and critical minerals during a meeting in Washington with Deputy Prime Minister Ishaq Dar.
President Volodymyr Zelenskyy said on Friday that Ukrainian forces are engaged in intense battles near the eastern city of Pokrovsk, a critical logistics center where Russian forces have been steadily advancing and claiming new territory almost daily.
Cambodia has called for an immediate and unconditional ceasefire with Thailand as border clashes between the two Southeast Asian neighbors escalated for a second consecutive day, AFP reports.
Trump rejected Macron’s plan to recognize a Palestinian state at the UN.
U.S. President Donald Trump announced on Friday his support for maintaining the restrictions on U.S. and Russian strategic nuclear weapons outlined in the 2010 New START treaty, which is set to expire in February
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