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Japan to sell more rice reserves as prices soar
Japan will sell more rice from its emergency stockpile through July in an attempt to stabilise soaring prices, the agricultural minister said Wednesday. "In order to stabilise rice prices that have soared, the government will sell off its reserve rice every month until this summer" when newly harvested rice enters the market, agricultural minister Taku Eto said.
Vietnam, Spain pledge to upgrade ties after tariff shock
The leaders of Spain and Vietnam pledged on Wednesday to upgrade ties to the highest level, as the two countries attempt to manage the fallout from enormous tariffs imposed by Washington.
India central bank cuts interest rates as Trump tariffs kick in
India's central bank cut interest rates in the world's fifth-largest economy on Wednesday as US President Donald Trump's tariffs kicked in and policymakers warned of "challenging global economic conditions".
Taiwan exporters count the cost of Trump's 'ridiculous' tariffs
Taiwanese exporters are crunching numbers and talking to American clients as they scramble to figure out how to respond to US President Donald Trump's tariff blitz that threatens to derail their businesses. Hsu estimated tariffs would cost Taiwanese exporters US$15 billion-US$20 billion a year.
Trump tariffs leave Italy's luxury furniture makers sitting uncomfortably
Even the most sumptuous cushions cannot ease the pain that Italian luxury furniture makers -- gathered at their annual fair -- can already feel from US President Donald Trump's tariffs.
EU plan to end Russian fertiliser imports unsettles farmers
The EU's plans to impose tariffs on fertiliser imports from Russia in a bid to increase pressure on Moscow over the Ukraine war have alarmed European farmers worried about possible price hikes.
Equities resume selloff as Trump cranks up trade war
Equities and oil plunged again Wednesday after Donald Trump ramped up his trade war by hitting China with tariffs of more than 100 percent as sweeping measures against the United States' dozens of partners are set to come into effect.
Inside Europe's last 'open-outcry' trading floor
In an era where computer algorithms automate trading at breakneck speeds, a dwindling number of London's metal traders still conduct business in-person by shouting orders across Europe's last so-called open-outcry trading floor. There is no longer any reason to continue open-outcry trading, explained Thierry Foucault, professor of finance at HEC Paris business school.
Musk brands Trump aide 'dumber than a sack of bricks' in tariff spat
Billionaire Elon Musk blasted President Donald Trump's senior trade advisor Peter Navarro as "truly a moron" and "dumber than a sack of bricks" on Tuesday in a growing rift over the US tariff policy that has rocked the world. Navarro is dumber than a sack of bricks."
AFP
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