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April 23, 2025

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April 13, 2025

Global auto output to shrink 2% on Trump tariffs: forecast
NEW YORK — Global automobile production is on track to decline 2% on the year to 87.9 million vehicles in 2025 as a result of the Trump administration’s tariffs, a new forecast for the industry shows. S&P Global Mobility estimates that output will shrink 1.55 million vehicles compared with 2024. The drop exceeds the roughly…
Japan, China, South Korea and ASEAN to widen currency safety net
TOKYO — Japan, China, South Korea and ASEAN are expected as early as this month to expand an aid program designed for financial crises to include infectious disease outbreaks and natural disasters. The program, known as the Chiang Mai Initiative, was created after the 1997-98 Asian financial crisis. The goal is to prevent defaults by…
7-Eleven parent’s leadership picks backed by US proxy adviser
TOKYO — U.S. proxy adviser Institutional Shareholder Service has endorsed Seven & i Holdings’ new leadership appointments, including Stephen Hayes Dacus as CEO and Vice President Junro Ito as chairman. With no competing proposals ahead of the 7-Eleven parent’s general shareholders meeting in late May, the ISS endorsement is seen as a boost for the…
Malaysia, Vietnam drove rush of exports to US ahead of tariffs
HO CHI MINH CITY/SINGAPORE/BANGKOK — Southeast Asian countries boosted exports to the U.S. ahead of President Donald Trump announcing his “reciprocal” tariffs in April, but there are concerns that this will only eat into American demand for manufactured goods later this year. Malaysia’s exports to the U.S. in March climbed 51% on the year to…
Are there any truly safe assets anymore?
Satyajit Das, a former banker, is the author of “Traders, Guns & Money,” “Extreme Money” and “A Banquet of Consequences: Reloaded.” Fearing a trade war-induced recession and financial crisis, investors are switching out of risky assets into government bonds and AAA or AA-rated securities. But this Pavlovian response introduces new and subtle risks.
Arsalan Naseer playfully mocks Fawad Khan’s ‘Ice Age’ connection to border crises
Arsalan Naseer playfully mocks Fawad Khan’s ‘Ice Age’ connection to border crises Arsalan Naseer humorously compared Fawad Khan’s presence during the border crises. He compared Fawad to the “Ice Age squirrel” from the animated movie “Ice Age.” The lighthearted remark garnered attention from fans, highlighting the actor’s role in critical moments. In a cheeky Instagram…
Analysis: How China's milit mystery can spill into Taiwan strategy
Analysis: How China's milit mystery can spill into Taiwan strategy
Mazda, Mitsubishi Motors lose out on Trump tariff relief as Honda gains
NEW YORK — U.S. President Donald Trump’s easing of automobile tariffs is expected to create more headwinds for import-reliant Mazda Motor and Mitsubishi Motors but help Honda Motor, which locally builds most of its autos for the American market. Under an executive order signed Tuesday, imported auto parts are partially exempt from the tariffs if…
Petrol prices drop in Pakistan
Petrol prices drop in Pakistan The government has announced a reduction in petrol prices, providing much-needed relief to the public. According to reports, a notification has been issued confirming a decrease in the price of petrol by Rs 2 per litre. Petrol and diesel prices in Pakistan have been reduced, offering some relief to the…