Von Der Leyen: EU open to negotiate on tariffs but will take ‘firm counter-measures if necessary’European Council President Antonio Costa (left) speaking with European Commission President Ursula von der Leyen (right) and European Parliament President Roberta Metsola before a debate on the conclusions of the European Council meeting of March 20, 2025, as part of a plenary session at the European Parliament on April 1, 2025, in Strasbourg, eastern France.Frederick Florin | Afp | Getty ImagesThe European Union is open to negotiations with the U.S. on tariffs but will take retaliatory measures if necessary, European Commission President Ursula von der…
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Traders work on the floor of the New York Stock Exchange on March 28, 2025, in New York City. Spencer Platt | Getty Images Monday was the last trading day of the quarter. U.S. stocks took a heavy beating during the period: Both the S&P 500 and Nasdaq Composite broke their five-quarter winning streaks and suffered their heaviest three-month losses since 2022. The Nasdaq remains in correction territory.But it won’t be the last tumult stocks will experience. Reciprocal tariffs on “all countries” will start Wednesday, U.S. President Donald Trump said Sunday. While Trump has described the start of his tariffs as…
The Johnson & Johnson logo displayed on a monitor. Sopa Images | Lightrocket | Getty ImagesA U.S. bankruptcy judge on Monday rejected Johnson & Johnson’s $10 billion proposal to end tens of thousands of lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third time the company’s bankruptcy strategy has failed in court.J&J has been attempting to resolve the lawsuits through a subsidiary company’s bankruptcy, after two previous bankruptcy attempts failed in other courts.But the judge overseeing its case, U.S. Bankruptcy Judge Christopher Lopez in Houston, said that the company did not belong in bankruptcy.”While the Court’s decision is not an easy one, it is the right one,” Lopez wrote.Lopez…
The extremists began by asserting control over women’s bodies.In the political vacuum that has emerged after the overthrow of Bangladesh’s authoritarian leader, religious fundamentalists in one town declared that young women could no longer play soccer. In another, they forced the police to free a man who had harassed a woman for not covering her hair in public, then draped him in garlands of flowers.More brazen calls followed. Demonstrators at a rally in Dhaka, the capital, warned that if the government did not give the death penalty to anyone who disrespected Islam, they would carry out executions with their own…
Brand new Toyota cars are displayed on the sales lot at Hanlees Hilltop Toyota on March 4, 2025 in Richmond, California. Justin Sullivan | Getty ImagesNewly announced U.S. tariffs on auto imports have rattled Asian automakers, pressuring companies ahead of the implementation of the duties later in the week.U.S. President Donald Trump last Wednesday announced sweeping 25% tariffs on cars “not made in the U.S.,” sending shockwaves through global automakers.Shares of Toyota fell 9.4% in the three sessions following the announcement, while Nissan dropped 9.3%. South Korea’s Hyundai lost 11.2%.Japanese carmakers are particularly in dire straits, with Toyota likely to be…
Workers seen unloading gas tanks from a lorry at Chow Kit market, Kuala Lumpur on November 5, 2024.Faris Hadziq | Sopa Images | Lightrocket | Getty ImagesA fire at a gas pipeline operated by Malaysia state energy firm Petronas injured 33 people on Tuesday on the outskirts of the capital Kuala Lumpur, authorities said.Six of the injured were sent to hospital, Selangor fire department director Wan Md Razali Wan Ismail told broadcaster Astro Awani.Operations to try to tackle the blaze are ongoing.There are people trapped in houses in Kampung Kuala Sungai Baru and rescue efforts are ongoing, Selangor Disaster Management Committee chairman Mohd Najwan Halimi told state news…
Taiwanese Coast Guard personnel work on a vessel off the coast of Nangan Township, in the Matsu Islands on Oct. 15, 2024, a day after China conducted the “Joint Sword-2024B” military drills around Taiwan.Daniel Ceng | AFP | Getty ImagesChina’s military said Tuesday its army, navy and rocket forces launched a joint exercise off the coast of Taiwan in what it described as a “stern warning” against forces looking to undermine peace in the Taiwan Strait.The military drills, designed to “close in on Taiwan from multiple directions,” are a “resolute punishment” for the island’s President Lai Ching-te’s administration’s “provocations for…
In spring, they come for the cherry blossoms. In fall, for the foliage tours.Now, more travelers are booking winter trips to Japan, as the country’s reputation as a world-class skiing destination continues to lure visitors from Asia-Pacific and beyond.Foreign visitors to Japan rose 33% this past winter from pre-pandemic levels. Some 10.5 million visitors arrived from December 2024 to February 2025, up from 7.9 million during the same period in 2018, according to the Japan National Tourism Organization.Many are flocking to the powdery slopes of Niseko and Hakuba which, along with other skiing areas like Yamagata and Yuzawa, received a…
Around sunset during the Muslim fasting month of Ramadan, something remarkable happens in the Bangladeshi capital, Dhaka. The streets in this city of more than 10 million people, known for its hectic bustle and choking traffic, turn quiet and empty.But for political parties, which know well the persuasive powers of full bellies, sunset is their high time.Iftar parties, where the faithful break their fast, were closely watched through the end of Ramadan last week for what direction Bangladesh could take after the overthrow of its authoritarian leader last summer.Who was attending which party? Who was seated next to whom? In…
Taiwanese President Lai Ching-te at the Presidential Palace, in Taipei, Taiwan, on Jan. 1, 2025.Anadolu | Anadolu | Getty ImagesChina’s military on Tuesday said it had begun joint army, navy and rocket force exercises around Taiwan to “serve as a stern warning and powerful deterrent against Taiwanese independence”, calling Taiwan’s President Lai Ching-te a “parasite”.The exercises around the democratically governed island, which China views as its own territory and has never renounced the use of force to bring under its control, come after Lai called Beijing a “foreign hostile force” last month.China detests Lai as a “separatist,” and in a video accompanying the Eastern Theater Command’s announcement of the drills depicted him as cartoon bug held by a pair of…
