AFP
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Germany's US exports hit four-year low as tariffs bite
German exports to the United States dropped in July to their lowest level since 2021, data showed Monday, as President Donald Trump's tariffs exact a heavy toll on Europe's biggest economy. Trump's tariffs have dealt a major blow to Germany's export-driven economy, where major manufacturers had already been struggling with high energy costs, fierce competition from Asia and weak demand.
'Trump Whisperer' ex-minister joins Japan PM race
A former top diplomat dubbed the "Trump Whisperer" was the first candidate Monday to join the race to be Japan's next leader, a day after premier Shigeru Ishiba announced his resignation. With strong English, the Harvard-educated politician was dubbed the "Trump whisperer" for his deft handling of tricky US-Japan trade talks.
Asian shares rise as Japan politics weigh on yen
Asian markets rose on Monday, with Tokyo up nearly two percent after Japanese Prime Minister Shigeru Ishiba's decision to resign pushed down the value of the yen. "As for the market reaction, this obviously introduces significant downside risks for the (Japanese yen) and for long-end" Japanese government bonds (JGBs), he added.
ECB set to hold rates steady with eye on France crisis
The European Central bank is expected to hold interest rates steady again this week with inflation under control and US tariff tensions easing, even as France's political crisis presents a new headache.
Most EU carmakers on track to meet emission targets: study
Almost all European carmakers are on track to meet EU emission targets after winning a reprieve this year as electric vehicles (EV) sales pick up, a study released Monday showed. "The two-year extension of the targets allowed carmakers to take the foot off the gas and will lead to two million fewer electric cars being sold between 2025 and 2027," it said.
Seoul says over 300 South Koreans detained in US to be released
Seoul said Sunday that negotiations with the United States to secure the release of South Korean workers detained in an immigration raid have been "concluded" and they would soon be freed and flown home.
A 'real' movie fights back in anime-ruled Japan
Pensioner Shizue Kato didn't fancy the new "Demon Slayer" anime blockbuster and instead watched "Kokuho", a rare live action cinema hit in Japan, where animation rules. But "Kokuho" is a hit in Japanese cinemas at least, the fastest domestic-made live action film to pass 10 billion yen since "Bayside" in 2003.
Indonesia's delayed new capital risks 'white elephant' status
A year after it was inaugurated, Indonesia's would-be new capital Nusantara attracts tourists and construction workers, but most of its architecturally arresting presidential palace and freshly built avenues sit silent. But despite a rush to build, the city was not inaugurated as Indonesia's new capital on August 17 last year as expected.
Tough negotiations and uncertainty ahead of OPEC+ meeting
Uncertainty loomed over what Saudi Arabia, Russia and six other key members of the OPEC+ alliance would decide on crude output in their meeting on Sunday, with analysts saying a production boost was also being considered.
AFP
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