If Japan needed reassurances it was indeed still the US’s top ally and friend in the increasingly unstable Asia-Pacific, it got that and then some. But what was striking about…
Category: Business News
USA: Musk’s Doge takes aim at US consumer protection agency
The Trump administration and Elon Musk’s Department of Government Efficiency (Doge) have moved to take control of – and possibly shut down – an agency set up to protect consumers…
USA: Trump says Nippon Steel will ‘invest heavily’ in US Steel, drop takeover bid
President Donald Trump has said Japan’s Nippon Steel will drop its $14.9bn (£12bn) bid to acquire US Steel. Speaking alongside Japanese Prime Minister Shigeru Ishiba at the White House, Trump…
UK: Cheaper China e-bikes ‘kick in teeth’ for UK firms
A government decision to scrap tariffs on Chinese e-bikes coming into the UK has been described as a “kick in the teeth for British manufacturing”. Border taxes were imposed on…
India: Central Bank cuts interest rates for the first time in five years
India’s central bank has cut interest rates for the first time in nearly five years to counter slowing growth in Asia’s third largest economy. The Reserve Bank of India (RBI)…
USA: Member of Musk’s Doge resigns after reports of racist posts
A young member of Elon Musk’s newly formed Department of Government Efficiency (Doge) unit has resigned after being linked to a racist social media account. Media reports tied Marko Elez,…
Panama: US ‘spreading lies’ over free canal passage-President José Raúl Mulino
Panama President José Raúl Mulino has accused the US of spreading “lies and falsehoods” after the US State Department claimed American government vessels were no longer required to pay a…
USA: Judge halts Trump’s government worker buyout plan
A federal judge has temporarily halted President Donald Trump’s plan to offer a resignation package to federal employees. The White House had said that more than 40,000 US government workers…
India: Carmaker Kia becomes latest global firm to face tax trouble
Indian tax authorities have sent a confidential notice to South Korean car maker Kia Motors accusing it of evading millions of dollars in taxes. The amount could be as high…
Panama: Authorities deny US claims over free canal passages
Panama has denied making changes to allow US government vessels to transit the Panama Canal for free, following White House claims it had agreed to such a move. The State…