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Asian markets soar on RBA rate hike and US-India trade deal

Asian stock markets surged Tuesday as investors welcomed two key developments boosting economic outlooks: Australia's central bank raising interest rates for the first time in two years and a fresh US-India trade agreement. Japan's Nikkei 225 jumped over 3%, hitting record highs. South Korea's Kospi soared 5%, triggering a buying......

Nintendo Switch 2 sales surge past 17 million units in nine months

Nintendo has reported a remarkable start for its new console, the Switch 2, selling over 17 million units in just nine months since its launch in June 2025. The success has helped the Japanese gaming giant boost its net profit by more than 50% for the period ending December 2025. A company statement highlighted that sales continued strongly......

Japan extracts rare earths at record ocean depth

Japan announced Monday it has successfully retrieved sediment rich in rare earth elements from 6,000 meters under the Pacific Ocean, achieving the world's first extraction of these strategic minerals at such extreme depths. The breakthrough comes as Tokyo aims to cut heavy reliance on Chinese imports amid rising diplomatic tensions between......

China leads world's largest foreign currency reserve holders

China holds the top position among nations with the largest foreign exchange reserves, according to recent data from global financial rankings. The country boasts reserves exceeding $3 trillion, a figure that significantly outpaces its closest competitors and underscores its economic dominance on the world stage. This substantial stockpile......

Taiwan deploys missiles after Chinese helicopter enters its air defense zone

Taiwan's Ministry of National Defense detected a Chinese military helicopter and six warships operating near its territory on Sunday. The helicopter crossed into the eastern air defense identification zone without breaching the Taiwan Strait median line, marking yet another instance in a pattern of persistent incursions that has prompted......

Quantum batteries proposed to power next-generation quantum computers

Researchers from Australia and Japan have unveiled a theoretical framework for quantum batteries designed to energize quantum computers, promising faster performance, superior energy efficiency, and simplified development. Detailed in a study published January 28 in Physical Review X, the concept could quadruple the qubit capacity in current......

Election campaigning begins in Japan ahead of Feb. 8 vote

Election campaigning officially got underway in Japan on Tuesday ahead of the snap general election scheduled for February 8, as Prime Minister Sanae Takaichi seeks a renewed mandate after dissolving parliament. The vote will determine the composition of the 465-seat lower house and marks the first nationwide election since Takaichi took......

North Korea fires two ballistic missiles into East Sea

North Korea launched two projectiles, believed to be ballistic missiles, into the East Sea on Tuesday, according to reports from Japan and South Korea. This marks Pyongyang’s second missile launch of the month. Japanese authorities confirmed that the missiles fell into the sea, with the Japan Coast Guard monitoring the situation. Following......

Gold surpasses $5,000 for the first time amid dollar weakness

Gold prices shattered the $5,000 barrier for the first time on Monday, soaring to a record high above $5,100 per ounce as investors flocked to safe-haven assets. This surge unfolded against a backdrop of a weakening US dollar and mounting speculation about a potential joint intervention by the United States and Japan to bolster the yen. Spot......

US dollar hits four-month low amid political turmoil flight

The U.S. dollar index plunged to 97, its lowest in four months, on Monday as speculation mounted over potential joint U.S.-Japanese currency intervention and investors shed dollar-denominated assets amid lingering uncertainty from the Trump administration. The greenback's drop extended a rough week, with the Bloomberg Dollar Spot Index......

Fans bid farewell to Japan’s last giant pandas

Emotional scenes unfolded in Tokyo as visitors gathered to say goodbye to Japan’s last remaining giant pandas, Lei Lei and Xiao Xiao, who are set to return to China, marking the end of a 50-year presence of the iconic animals in the country. The popular black-and-white bears, housed at Ueno Zoological Gardens, have long been a symbol......

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