Yen weakens after Japan GDP misses expectations

The Japanese yen retreated in early Asian trading on Monday after posting its strongest weekly performance since November 2024, as weaker than expected economic data dampened expectations of a near term interest rate increase by the Bank of Japan. The currency slipped 0.2 percent to 153.07 per dollar, trimming part of last week’s nearly......

Japan lodges protest after Beijing accuses it of “reviving militarism”

Japan has formally protested to China after senior Chinese officials accused Tokyo of encouraging a return to militarism, deepening tensions between the two Asian powers at a time of heightened regional uncertainty. The dispute escalated following remarks by Chinese Foreign Minister Wang Yi during the Munich Security Conference. Speaking......

Japan’s ‘Godless’ Lake signals the growing impact of climate change

In the mountain region of Nagano, an ancient winter ritual is increasingly overshadowed by a warming climate. At Lake Suwa, priests and local residents gather each year before dawn in hopes of witnessing a rare natural phenomenon known as “miwatari” — or “God’s Crossing.” In recent winters, however, the......

Asian stocks hit records as Nikkei tops 58000

Asian equity markets climbed to fresh highs on Thursday, with Japan’s Nikkei 225 breaking above the 58,000 mark for the first time, as investors looked past stronger than expected United States jobs data and focused on signs of economic resilience. The MSCI Asia Pacific index rose 0.4 percent to a record level, extending its gains this......

World Monuments Fund commits $7 million to global heritage sites

The World Monuments Fund announced a $7 million commitment to support 21 heritage preservation projects set to begin in 2026, expanding efforts to protect cultural landmarks threatened by climate change, natural disasters and the loss of traditional knowledge. The funding targets sites included on the 2025 World Monuments Watch list, the......

Nissan forecasts $4.2 billion annual loss amid restructuring

Nissan said it expects a net loss of 650 billion yen, or about $4.2 billion, for the fiscal year ending in March as the Japanese automaker grapples with US tariffs and an extensive global restructuring program. The company also reported a 44 percent drop in third quarter operating profit to 17.5 billion yen compared with the same period a......

Germany to decide fate of future combat air system

German Defense Minister Boris Pistorius said Wednesday that a decision on the troubled Future Combat Air System program will be made within days, adding that the political leadership must now determine whether to rescue the 100 billion euro initiative. His remarks mark the latest turn in a long-running industrial dispute that has stalled......

Honda quarterly operating profit plunges as tariffs and EV slowdown bite

Honda Motor reported a sharp fall in profits as U.S. import tariffs, weakening demand for electric vehicles, and ongoing semiconductor supply disruptions continued to weigh on performance. The Japanese automaker said net profit for the nine months through December fell 42 percent from a year earlier to 465.44 billion yen, while revenue over......

Heavy snowfall in Japan leaves 46 dead

Severe winter weather has claimed at least 46 lives across Japan, as persistent snowfall continues to affect large parts of the country, particularly in northern regions. Authorities also reported hundreds of injuries linked to the extreme conditions, highlighting the growing human toll of this unusually harsh winter. According to updated......

DP World chief exchanged emails with Jeffrey Epstein for years

Sultan Ahmed bin Sulayem, the chief executive of global logistics group DP World, maintained a long-running stream of personal and professional emails with convicted sex offender Jeffrey Epstein for more than a decade after Epstein’s 2008 conviction, according to documents released by the United States Department of Justice. The correspondence......

China warns Japan of decisive response after Takaichi’s landslide win

China issued a sharp warning to Japan on Monday, urging Tokyo to retract comments made in November by Prime Minister Sanae Takaichi about the possibility of military involvement over Taiwan, as bilateral tensions escalated following her decisive election victory. Speaking at a regular press briefing on February 9, foreign ministry spokesperson......

China urges banks to curb US Treasury exposure over risk concerns

Chinese regulators have quietly instructed domestic financial institutions to limit their exposure to US government debt, citing concerns over concentration risk and market volatility, according to people familiar with the matter. The move, first reported by Bloomberg, marks the latest step in Beijing’s long-running effort to reduce......

Prince William begins three-day official visit to Saudi Arabia

Prince William, heir to the British throne, has arrived in Riyadh for a three-day official visit aimed at strengthening trade, energy, and investment ties between the United Kingdom and Saudi Arabia. His visit begins with a private meeting with Crown Prince Mohammed bin Salman and a tour of the historic At-Turaif site. During his stay, William......

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