over: – SindhTribune.com

The party is over: The coming financial reckoning

April 8, 2025

Letter from Nikkei Asia’s editor: Small cars, big stakes: Trump airs frustration with Japan automakers
Hello from Tokyo. As all of you probably know, America is a heavily motorized society. I’ve lived there twice — once in Iowa and once in California — and experienced firsthand how the interstate highways stretch endlessly like airport runways, while vast parking lots surround shopping malls. Driving in Tokyo after witnessing all that space…
Gov. JB Pritzker to endorse Lt. Gov. Juliana Stratton for U.S. Senate
CHICAGO — Illinois Gov. JB Pritzker is expected to endorse his lieutenant governor, Juliana Stratton, for the Senate on Friday, just two days after longtime Sen. Dick Durbin said he would not seek a sixth term. Pritzker plans to make the announcement — news of which was shared in advance with NBC News — at…
Temu, Shein kick off price hikes as Trump hits China e-tailer model
HONG KONG — China-oriented e-commerce platforms were set to begin raising prices for U.S. shoppers on Friday, in response to President Donald Trump’s steep tariffs, with Chinese sellers closely watching American consumers’ reactions to determine their next steps. In separate but similar statements, Temu and Shein recently announced they will start hiking prices on Friday because…
US and South Korea come away with different takes on trade talks
SEOUL — The U.S. and South Korea differed on when they might conclude an “agreement on understanding” after their first ministerial-level trade talks in Washington on Thursday, with Washington mentioning “next week” and Seoul talking about early July. U.S. Treasury Secret Scott Bessent and U.S. Trade Representative Jamieson Greer hosted South Korean Finance Minister Choi…
Parents of kids with cancer fear GOP budget cuts could slash Medicaid
“The president has said repeatedly, we’re not going to hurt Social Security, Medicare and Medicaid recipients who are eligible for it. And that is our guiding north, our true north,” House Speaker Mike Johnson, R-La., told Punchbowl News last month. In his rural Louisiana district, nearly 25% of adults under age 65 rely on Medicaid,…
Product shortages and empty store shelves loom with falling shipments from China
Retailers are warning that U.S. consumers could once again be faced with empty store shelves and the kind of supply chain snarls that marked the Covid era if President Donald Trump’s tariffs on China remain at their current levels. Companies have been canceling their shipments of goods from China and halting new orders after Trump…
Japan’s Olympus names Medtronic exec as new CEO
TOKYO — Japanese endoscope maker Olympus has appointed Bob White as its new CEO, the company said Friday, filling the leadership gap created by the resignation of Stefan Kaufmann over illegal drug use in October last year. White, a 62-year-old American, is a former executive at Medtronic, a U.S. medical equipment maker. “Bob possesses the skill…
India units of Unilever, Nestle take hit from slow urban consumption
MUMBAI — India’s leading consumer goods makers continued to be pressured by sluggish urban demand and input cost burdens in the most recent quarter, with market leader Hindustan Unilever (HUL) cutting its margin forecast and Nestle India reporting a drop in profit. However, senior executives at HUL said they expect the first half of the fiscal…
Everything we know about attackers behind slaying of 26 tourists in Kashmir
On The Ground newsletter: Get a weekly dispatch from our international correspondents Get a weekly dispatch from our international correspondents Get a weekly international news dispatch Indian security forces have launched a manhunt after reportedly identifying some of the gunmen involved in the massacre of 26 people at a popular tourist destination in Kashmir. The…