Author: asiadailynews

Sharp Decline: Nikkei 225 Tumbles 4% Amid Tariffs Impact Tariffs triggered a broad selloff in Nikkei 225, diving 2.8% as auto and yen-exchange markets faced significant pressures. Key Point 1: Trump’s reciprocal tariffs caused a sharp decline in Asian markets, with Nikkei 225 plunging 4% intraday.Key Point 2: The yen strengthened temporarily on currency markets, adding to investor concerns about trade war effects.Key Point 3: Investors are wary of the global economic impact, with US long-term interest rates dropping as a result. The Immediate Impact of Tariffs on the Nikkei 225 The announcement of a 24% reciprocal tariff by former…

Exciting Return: 40+ Nations Join Pyongyang Marathon After Four Years Pyongyang Marathon: Participants from Over 40 Nations Return to North Korea as COVID-19 Restrictions Ease Post-Pandemic. Pyongyang International Marathon returns after a four-year hiatus.Participants from over 40 nations traveled to North Korea for the event.The marathon commemorates Kim Il Sung’s birthday celebrations.COVID-19 restrictions are easing, but North Korea’s reopening remains uncertain. The Return of the Pyongyang International Marathon In a much-anticipated turn of events, international participants have begun arriving in North Korea to compete in the Pyongyang International Marathon. Officially set for April 6, 2023, this marks the first running…

Sweeping Tariffs Trigger Alarming Global Trade Shifts Tariffs – Former US trade negotiator David Boling suggests President Trump’s sweeping tariffs could trigger a global trade war. Trump’s announcement of a 24% tariff on Japan sparks concerns about a global trade reshuffle.David Boling highlights the potential for a new ‘unknown era’ since WWII in global trade.The US administration’s view on Japan’s tariffs includes various economic factors, leading to dispute. [object Object] Commentary [object Object] Explore More Related Categories EconomyWorldUS NewsNews Related Tags #Top News#Opinion#Economy Back to Home

Devastating Blame Game: 3 Key Insights into Energy Attacks Energy Attacks: Ukraine and Russia blame each other for breaking their agreement to halt attacks on energy facilities, with no clear end in sight. Russia claims Ukraine attacked a substation in Kursk causing blackouts.Ukraine alleges Russian strikes in Sumy targeting energy facilities.Agreement between both nations with U.S. mediation remains fragile. Escalating Energy Attacks Amid Ongoing Tensions The fragile relationship between Ukraine and Russia continues to deteriorate as both nations accuse each other of violating agreements to cease attacks on energy infrastructure. What began as an effort to de-escalate violence appears to…

Ohtani’s Spectacular Walk-off Homer Fuels Dodgers’ 8th Victory Ohtani: A standout performance with a walk-off homer to secure the Dodgers’ 8th consecutive win of the season. Ohtani Shohei hit a walk-off homer in the bottom of the ninth inning.Dodgers extend their winning streak to eight games.Ohtani delivered his first walk-off homer since August last year.The electrifying finish highlighted Ohtani’s skill and leadership on the team. Ohtani’s Unmatched Contribution to Dodgers’ Winning Streak Ohtani Shohei once again proved why he is among the best in Major League Baseball by delivering a game-winning performance that showcased his talent and resilience. In the…

Massive Tariff Hike: US Imposes 25% Duty on Auto Imports Tariff – The Trump administration now imposes a 25% tariff on all auto imports, effective from 1 pm Thursday, Japan time. Tariff hike imposes a 25% duty on all auto imports to the US.Potential extension of tariffs to auto parts by May 3.Aimed to combat unfair competition and retain US jobs. The Introduction of the 25% Tariff on Auto Imports On Thursday, the Trump administration enacted a significant change in its trade policy by introducing a 25% tariff on all auto imports. This controversial policy took effect at 1 pm…

Crucial Talks: Top Russian Official Seeks Sanctions Relief Sanctions: Russian President Putin’s economic envoy Kirill Dmitriev meets with Trump’s ally in the US amid sanctions discussions. Russian economic envoy Kirill Dmitriev visits the US despite sanctions.Temporary waiver granted to Dmitriev for talks in Washington.Discussions may involve Arctic exploration and Black Sea navigation.The Trump administration seeks a ceasefire in Ukraine.Russia ties Black Sea navigation deal to sanctions relief. The Context: Dmitriev’s US Visit amidst Tensions Russian President Vladimir Putin’s economic envoy, Kirill Dmitriev, has recently made headlines as he traveled to the United States to hold discussions with Steve Witkoff, a…

How Autec Fights Tariff Impact: 3 Strategic Investments Tariff: Autec aims to cut costs and enhance quality while investing in automation and AI to counter the effects of the Trump tariff. Japanese parts maker Autec is taking action to counter a 25% US tariff.Investments in automation and AI aim to improve efficiency and quality.Autec seeks to retain US clients and mitigate the effects of new tariffs. Japanese Auto Parts Maker Responds to US Auto Tariffs The Trump administration’s imposition of a 25 percent tariff on auto imports has sent shockwaves across the automotive industry, particularly for foreign suppliers. In Japan,…

Experience the Stunning Magic of Kenroku-en Cherry Blossoms Kenroku-en: A Serene Cherry Blossom Delight in Kanazawa Kenroku-en opens free to the public to celebrate cherry blossom season.Visitors can enjoy serene landscapes, sightseeing, and photography.The blooms are expected to remain in full display through the weekend.The garden features daily illumination after sunset until Tuesday. Kenroku-en Opens Its Gates to AllKenroku-en, a designated Special Place of Scenic Beauty and one of Japan’s three most famous gardens, has announced free admission during its cherry blossom season. Located in Kanazawa, Ishikawa Prefecture, the garden is a prime location for hanami, or cherry blossom viewing,…

Strict New Rule to Boost Startups: 5-Year Deadline for Success! Startups: TSE plans to revise listing rules for ventures, mandating a $67M market cap within 5 years to remain listed. The Tokyo Stock Exchange (TSE) plans stricter listing rules for startups.Startups will need a $67M market cap within 5 years to stay listed.The new regulation will likely roll out from 2030 onwards.Aims to attract institutional investors to smaller ventures.Changes reduce current 10-year allowance to 5 years. The Tokyo Stock Exchange Plans to Strengthen Startup Growth CriteriaThe Tokyo Stock Exchange (TSE) is initiating a pivotal change aimed at transforming the ecosystem…