Japan’s core inflation hits two-year high in May
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
Protesters gathered outside Tesla stores across the U.S. and Europe, denouncing Elon Musk’s role in government spending cuts under President Donald Trump. The demonstrations are part of a growing backlash against Musk’s influence in Washington.
Liberal groups have organized protests for weeks, urging consumers to boycott Tesla over Musk’s leadership of the Department of Government Efficiency (DOGE), which has slashed federal jobs and funding.
“We can get back at Elon,” said Nathan Phillips, a 58-year-old protester in Boston. “Boycott Tesla, sell your stocks, and make a statement.”
More than 50 protests took place nationwide, including in New York City, St. Louis, Charlotte, and Palo Alto. In New York, nine demonstrators were arrested.
Musk, who runs Tesla, SpaceX, and social media platform X, has been a key figure in Trump’s cost-cutting push. DOGE has already:
Cut thousands of federal jobs.
Canceled government contracts.
Shut down U.S. foreign aid programs.
Critics say Musk’s actions bypass Congress’s control over the federal budget and could financially benefit his own companies.
The protests have led to reports of vandalism against Tesla vehicles, including swastikas spray-painted on cars. A woman in Colorado was charged with attacking a Tesla dealership using Molotov cocktails.
Despite the backlash, the White House remains firm.
“Protests will not deter President Trump and Elon Musk from making government more efficient,” said White House spokesperson Harrison Fields.
Tesla’s Market Struggles
Tesla’s stock has dropped nearly 30% since Trump took office, though it remains above last year’s value. Musk’s net worth now stands at $359 billion, according to Forbes.
With more protests planned in England, Spain, and Portugal, demonstrations against Tesla’s political ties show no signs of slowing down.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The USS Nimitz is heading to the Middle East amid tensions between Israel and Iran. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
Orkhan Nazarli, Head of Azerbaijan’s State Tax Service under the Ministry of Economy, held separate meetings with senior tax officials from Latvia and Montenegro during the 29th General Assembly of the Intra-European Organization of Tax Administrations (IOTA) in Baku.
The OIC's 51st ministerial session convenes in Istanbul to tackle pressing global and regional issues.
Japan has reportedly cancelled a planned high-level security meeting with the United States after Washington pressed Tokyo to increase its defense spending, according to the Financial Times.
Israel announced on Saturday that it had killed senior Iranian commander Saeed Izadi, head of the Palestine Corps of Iran’s Quds Force, in a targeted strike in Qom. Izadi was accused of supporting Hamas before its October 2023 attack on Israel.
President Volodymyr Zelenskyy announced that Ukraine is accelerating the development and production of interceptor drones to defend against the growing number of Iranian-made Shahed drones used by Russia in recent attacks.
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