Asian stocks made cautious gains on Tuesday after a rally in the previous session on news of a U.S.-Iran peace deal, while investors assessed a widely expected Bank of Japan rate increase to a 31-year high.
Tokyo auto shops and Detroit car dealerships have been running short of motor oil, paint and other products for months since the Middle East conflict snarled global supply chains.
Myanmar President Min Aung Hlaing’s state visit to China is set to give the former junta chief a significant diplomatic boost as he seeks to consolidate his grip on power in the war-torn country following a widely condemned election at the turn of the year.
European leaders will warn U.S. President Donald Trump at Tuesday’s G7 summit that a superficial interim Iran deal risks entrenching Tehran’s nuclear and ballistic missile programmes, while also pressing him to rethink his Ukraine strategy.
The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.
The Iran war’s disruption to global crude oil and LNG markets is already being measured in lost barrels and higher prices. Now, with a U.S.-Iran peace deal expected to reopen the Strait of Hormuz, the reckoning begins: was this a watershed moment, or merely another blip?
The parent of U.S. yogurt brand Dannon sued rival Chobani on Monday, accusing it of misleading consumers with claims about a higher-protein line of yogurt.
Florida’s attorney general sued TikTok on Monday over claims it is violating the state’s law barring social media platforms from allowing children under age 14 to create accounts.
U.S. stocks rallied on Monday and crude prices dropped after the U.S. and Iran announced they have reached a deal to end the war and reopen the Strait of Hormuz, the closure of which has rattled markets worldwide and sparked fears of systemic inflation.
A U.S. Air Force B-52 Stratofortress bomber, designed to carry nuclear and conventional weapons, crashed on Monday shortly after takeoff from Edwards Air Force Base in Southern California’s Mojave Desert, the base said.