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Yantian port in Shenzhen, Guangdong province, China. Investors are cautiously optimistic that U.S.-China trade talks underway in Switzerland will ease tensions and market volatility, though few expect a major breakthrough amid deep-rooted disputes and high tariffs.
BUSINESS / Markets
May 11, 2025

Wary investors hope U.S.-China talks cool high-stakes trade war

The highly anticipated meeting in Switzerland could mark one of the biggest developments since U.S. President Donald Trump launched sweeping tariffs on April 2.
Pope Leo XIV, in his first public appearance after he was elected, on the balcony of St. Peter’s Basilica in Vatican City, on Thursday
WORLD / Politics
May 12, 2025

World Catholics see the first American pope as hardly American

The new pope, formerly Cardinal Robert Francis Prevost, has signaled that his identity will defy easy categorization.
An electric vehicle factory in Ningbo, China, on April 9, 2024. For years, Xi Jinping, the leader of China, has planned to make the world dependent on its exports and know-how, but the strategy has costs for his own country.
BUSINESS / Economy
May 12, 2025

This is the trade conflict Xi Jinping has been waiting for

A willingness to weaponize the supply chain may be one of the starkest examples of how Xi is redefining China’s relationship with the world.
U.S. Trade Representative Jamieson Greer and U.S. Treasury Secretary Scott Bessent attend a news conference after trade talks with China, in Geneva on Monday.
BUSINESS / Economy
May 12, 2025

U.S. and China agree to lower tariffs in 90-day cooling-off period

The temporary move will give the world’s two largest economies three more months to resolve their differences.
White South Africans rally outside the U.S. embassy in Pretoria, South Africa, on Feb. 15. Dozens of Afrikaners who claim discrimination in their home country left Johannesburg on Sunday. Their departure for the U.S. comes as the Trump administration has halted virtually all refugee admissions.
WORLD / Politics
May 12, 2025

First white South Africans board plane for U.S. under Trump refugee plan

South African authorities say the Trump administration has waded into a domestic political issue it does not understand.
Capsules of Takeda Pharmaceutical's Prevacid heartburn drug. The company's share price dropped by over 5% on Monday after U.S. President Donald Trump announced a plan to order a cut in U.S. prescription drug costs.
BUSINESS / Markets
May 12, 2025

Asian pharma stocks tumble on Trump signal to cut U.S. drug prices

The U.S. president's social media post put pressure on drug-related stocks on worries their profits will take a hit if they have to reduce prices in the U.S.
The Taiwanese military conducts its first High Mobility Artillery Rocket System (HIMARS) live-fire test launch at the Jiupeng base in Taiwan's Pingtung County on Monday.
ASIA PACIFIC
May 13, 2025

Taiwan conducts first live-fire HIMARS test in signal to China

Supplying Taiwan with a system that proved devastatingly effective in Ukraine’s efforts to defend against the Russian invasion was once politically sensitive in Washington.
Damascus seen from Mount Qasioun on Jan. 7
WORLD / Politics
May 13, 2025

Syria makes bid to meet Trump, hoping for sanctions relief and reset with Israel

Syria has struggled to implement conditions set out by Washington for relief from U.S. sanctions, while Israel has escalated air strikes and occupied Syrian territory.
President Donald Trump delivers remarks during a Saudi investment forum at the King Abdulaziz International Conference Center in Riyadh on Tuesday.
WORLD / Politics
May 14, 2025

Trump says U.S. to lift Syria sanctions as he secures $600 billion Saudi deal

Saudi Arabia is one of the largest customers for U.S. arms — part of a decadeslong arrangement where the kingdom delivers oil and the superpower provides security.
Ukrainian President Volodymyr Zelenskyy holds a news conference in Kyiv on Tuesday.
WORLD / Politics
May 14, 2025

Zelenskyy insists on face-to-face talks with Putin in Istanbul

The planned talks have become the main focus of peace efforts led by U.S. President Donald Trump, who is sending his secretary of state has also offered to attend.
Canadian Prime Minister Mark Carney speaks during a news conference with Cabinet members after a swearing-in ceremony at Rideau Hall in Ottawa, Ontario, Canada, on Tuesday.
WORLD / Politics
May 14, 2025

Carney unveils new Cabinet, aiming to redefine U.S.-Canada relationship

The new prime minister says Canada must shift the economy's focus away from the United States, end barriers to internal trade and cut public spending.
Palestinians struggle to receive food cooked from a charity kitchen in Khan Younis, southern Gaza Strip, on April 29.
WORLD / Politics
May 14, 2025

U.N. humanitarian chief slams Gaza aid plan Israel proposed and U.S. backs

No humanitarian aid has been delivered to Gaza since March 2, and a global hunger monitor has warned that half a million people face starvation.
The motorcade of U.S. President Donald Trump is parked next to a 12-year old Qatari-owned Boeing 747-8 that Trump was touring in West Palm Beach, Florida, on Feb. 15.
WORLD / Politics
May 14, 2025

Trump’s freebie Qatar jet is the stuff of nightmares in spyworld

"If we had built the plane, knowing it was going to a foreign government, we would probably have bugged it,” said Thad Troy, a former station chief with the CIA.
A Sony PlayStation 5 controller
BUSINESS / Companies
May 14, 2025

Sony profit forecast flattens under ¥100 billion tariff burden

New Sony Chief Executive Officer Hiroki Totoki’s first task is to navigate the entertainment group though a new era of a tariff-wielding United States.
U.S. President Donald Trump's policies, including attacks on research funding, immigration and trade threaten the foundations of American economic exceptionalism, and the resulting damage may be difficult to undo.
COMMENTARY / World
May 14, 2025

American exceptionalism meets its maker

The question is whether U.S. President Donald Trump’s destructive policies have now brought this economic exceptionalism to an end.
U.S. President Donald Trump talks to Israeli Prime Minister Benjamin Netanyahu in Washington on April 7.
WORLD / Politics / ANALYSIS
May 15, 2025

Bypassed by Trump, Israel dismayed but silent

Israel has maintained a diplomatic silence this week even as their assumptions about their standing with the U.S. were shaken by Trump's moves.
A uranium conversion facility in Iran. The country currently enriches uranium to 60% purity — far above the 3.67% limit set in the 2015 deal but below the 90% needed for weapons-grade material.
WORLD / Politics
May 15, 2025

Top Iran aide says nuclear deal possible for sanctions relief

An adviser to supreme leader Ayatollah Ali Khamenei said Iran could accept far-reaching curbs on its nuclear program in exchange for sanctions relief.
"Federal funding typically accounts for about 10% of our annual operating budget, which is significant," said Ann Burroughs, president and CEO of the Japanese American National Museum.
JAPAN
May 15, 2025

Japanese American museum head laments Trump-led cuts to financing

The Department of Government Efficiency, led by billionaire Elon Musk, has stopped funding for the National Endowment for the Humanities, which financially supports museums.
Net income is likely to reach ¥2 trillion ($13.7 billion) for the 12 months ending March, up 7.5% from ¥1.86 trillion in the previous fiscal year, Mitsubishi UFJ Financial Group said on Thursday.
BUSINESS / Companies
May 15, 2025

MUFG expects record profit and joins rivals in buying back shares

Net income is likely to reach ¥2 trillion for the 12 months ending March, up 7.5% from ¥1.86 trillion in the previous fiscal year.
Ousted FBI Director James Comey listens during a hearing before the Senate Select Committee on Intelligence on Capitol Hill in Washington in June 2017.
WORLD
May 17, 2025

Ex-FBI director James Comey meets with Secret Service over '8647' post

In U.S. slang, the number 86 can be used as a verb meaning to throw somebody out of a bar for being drunk or disorderly. Trump is the 47th U.S. president.
North Korean leader Kim Jong Un stands beside a MiG-29 aircraft and air-launched weaponry on display during anti-air combat and air raid drills at an undisclosed location in the country on Thursday.
ASIA PACIFIC
May 17, 2025

North Korea's Kim oversees air drills and calls for stepped-up war preparations

Kim, who inspected anti-aircraft combat and airstrike drills, called for "all units in the entire military" to bring about "a breakthrough in war preparation."
U.S. President Donald Trump (right) listens as Indian Prime Minister Narendra Modi speaks during a news conference in February.
BUSINESS / Economy
May 20, 2025

India sees multi-phase trade deal with U.S. as talks proceed

Officials in New Delhi familiar with the matter expect an interim agreement before July, when U.S. President Donald Trump’s reciprocal tariffs are set to kick in.
If tax exemptions are revised, small parcels containing products bought from Shein and PDD Holdings' Temu shipped into Japan could be subject to the country’s sales tax, which mostly stands at 10%.
BUSINESS / Economy
May 20, 2025

Japan considers taxing small parcels as Shein and Temu expand

An experts group has discussed problems related to existing exemptions, including concerns about the channel being a conduit for illegal drugs and counterfeit goods.
The lack of quick and easy tests has until now slowed the rollout of new Alzheimer’s drugs.
WORLD / Science & Health
May 20, 2025

First blood test for Alzheimer’s to be available in U.S. in June

The test will initially be available at about 50 American research institutes and hospitals that specialize in Alzheimer’s disease.
Iran's Supreme Leader Ayatollah Ali Khamenei speaks during a meeting in Tehran on Tuesday.
WORLD / Politics
May 21, 2025

Iran faces U.S. without Plan B as nuclear red lines collide

Iran may turn to China and Russia as a "Plan B," but with Beijing's trade war with Washington, and Moscow distracted with its war in Ukraine, the backup plan seems shaky.
A branch of Danish jewelry maker Pandora in central Copenhagen on Feb. 6, 2024. Pandora CEO Alexander Lacik said the company is debating whether to raise prices globally or more in the U.S.
BUSINESS / Economy
May 21, 2025

Global retailers' tariff strategy risks spreading pain beyond U.S. consumer

Raising prices elsewhere to avoid big hikes in the U.S. risks fueling inflation in those other markets.
Japan’s trade balance swung into a deficit in April after two months in the black as growth in its exports slowed.
BUSINESS / Economy
May 21, 2025

Japan’s exports slow as U.S. tariffs bite, risking a recession

Exports measured by value gained 2% in April from a year earlier, slowing from March’s 4% as cars and steel dragged on shipments.
Prime Minister Shigeru Ishiba walks past members of the Philippine Coast Guard at the coast guard's headquarters in Manila on April 30.
JAPAN / Politics
May 22, 2025

Ishiba doubles down on weapons cooperation, saying no country can go it alone

Japan has sealed a spate of defense equipment and technology transfer deals in recent years while also looking to build up its homegrown defense industry.
A cargo ship bound for China during a ceremony at a port in the northern Taiwan city of Keelung. Skittish foreign investors have pulled nearly $11 billion out of Taiwan stocks this year.
BUSINESS / Markets
May 22, 2025

No place to hide from any China-Taiwan conflict, investors say

For investors, the options are to stay out of Taiwan completely or stay invested and hope for the best.
The U.S. debt crisis can’t be fixed without reforming entitlements, and that means Americans must retire later and pay more in taxes.
COMMENTARY / World
May 22, 2025

To fix the U.S. debt problem, Americans must retire later

The House’s proposed $3.7 trillion tax bill isn’t what sparked that Moody’s downgrade — it was the runaway growth of entitlement spending.

Longform

Once smoky, male-dominated spaces, today's net cafes, like Kaikatsu Club, are working to make their operations more attractive to women customers.
The second life of Japan's net cafes