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Japan to sell more rice reserves as prices soar
Japan to sell more rice reserves as prices soar
by  AFP

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.

Taiwan exporters count the cost of Trump's 'ridiculous' tariffs
Taiwan exporters count the cost of Trump's 'ridiculous' tariffs
by  AFP

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.

Equities resume selloff as Trump cranks up trade war
Equities resume selloff as Trump cranks up trade war
by  AFP

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
Inside Europe's last 'open-outcry' trading floor
by  AFP

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
Musk brands Trump aide 'dumber than a sack of bricks' in tariff spat
by  AFP

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."