The latest OPEC+ policy shift began on April 3, when Saudi Arabia and seven other OPEC+ nations stunned oil markets with the announcement of a supply hike for May of 411,000 barrels a day — triple the scheduled amount. The decision came even as global markets buckled amid faltering Chinese demand and Trump’s trade war, […]
Brent crude for August rose as much as 2.1% to $64.09 a barrel, after losing 2.2% last week, while West Texas Intermediate was below $62. The Organization of the Petroleum Exporting Countries and its allies agreed on Saturday to add 411,000 barrels a day of supply in July, according to a statement.
Lee, a member of the opposition Democratic Party, unveiled an “energy expressway” policy framework that relies on renewables, like offshore wind, to supply industrial hubs. His strategy calls for phasing out coal by 2040, curbing consumption of natural gas, and forming a ministry tasked with meeting South Korea’s 2050 net zero goal.
Professional dancer Yim Young-hwan, who was hired by the liberal party to join the campaign, has choreographed several of the performances. The dance routines are deliberately simple, with occasional flourishes to grab attention, and to make it easy for people to follow. “We wanted people to say, ‘Wow,’ when they saw us,” Yim said.
“I hope, as a consumer and a fan of the American car, we can have a lower tariff on US cars,” he said. He said the auto sector isn’t a strategic one for Taiwan and shouldn’t hinder talks with Washington. “I’m very optimistic about the negotiation between the US and Taiwan, especially when it comes […]
Consumer prices excluding fresh food rose 3.6% in the capital in May from a year earlier, accelerating from 3.4% in April, the Ministry of Internal Affairs said Friday. The increase, which outpaced economists’ median forecast of a 3.5% gain, was the biggest since January 2023. Overall inflation came to 3.4%, matching a revised 3.4% in […]
Kobayashi believes climate-tech startups will eventually comprise 10% of Japan-born unicorns. This would be in line with an initiative that was first introduced under former Prime Minister Fumio Kishida three years ago, which outlined an ambitious push to create 100,000 new startups and 100 unicorns by 2027.
“In light of growing uncertainties, particularly those related to trade policy, we have recently revised down our economic and inflation outlook,” Ueda said. “However, we continue to expect underlying inflation to gradually move toward 2 percent over the second half of our forecast horizon,” he said, adding that Japan is now closer to its inflation […]
Bullion traded near $3,347 an ounce, following a 0.4% loss on Monday, after Brussels said it would accelerate negotiations with Washington to avoid a trans-Atlantic trade war. Both sides have softened their approach after US President Donald Trump initially criticized the bloc for dragging its feet on talks.
Trump’s moves reflected the increasing uncertainty in markets, with his broadside against Europe on Friday a harsh reminder of the president’s volatile policy making. The tariff war has returned to the fore as the major driver of markets once again after concerns about Trump’s proposed tax cuts, and their impact on US deficit, churned markets […]