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Ryosei Akazawa, Japan’s chief tariff negotiator, at a news conference on Tuesday. He said that when Japan states it wants the tariffs reviewed, it means Tokyo wants them removed.
BUSINESS / Economy
May 20, 2025
Japan confirms hard-line position ahead of possible tariff talks in Washington
Tokyo wants all new levies put into place by the administration of U.S. President Donald Trump completely removed.
Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent are expected to hold bilateral talks on the sidelines of a G7 finance leaders' gathering to be held this week in Canada.
BUSINESS / Economy
May 20, 2025
Japan’s Kato plans Bessent meet to discuss topics including FX
The yen gained to as much as ¥144.73 against the dollar following Kato’s remark, after trading around ¥145.50 earlier in the morning.
Shipping containers in Oakland, California, on May 12
WORLD
May 20, 2025
Even on nontariff issues G7 finance leaders may still face U.S. pushback
A source briefed on U.S. positions in the talks in Canada has said that any consensus needs to align with Trump administration priorities.
Huawei Technologies has unveiled its first in-house operating system for personal computers.
BUSINESS / Tech
May 20, 2025
Huawei unveils in-house operating system to replace Windows
The rollout of HarmonyOS on the company's new laptops comes as China pushes to replace American technologies amid rising geopolitical tensions.
Wendy McMahon, CEO of CBS News, speaks during the Axios BFD event in New York on Oct. 12, 2023.
BUSINESS / Companies
May 20, 2025
CBS News boss resigns amid tensions with Trump admin
"The past few months have been challenging," CEO Wendy McMahon wrote in a goodbye letter to staff. "It's become clear that the company and I do not agree on the path forward."
A Huawei Ascend AI chip. The U.S. Commerce Department had said in a statement last week that it was issuing guidance to make clear that the use of the Huawei chips is a breach of the U.S. government’s export controls.
WORLD / Politics
May 20, 2025
China says U.S. warnings on Huawei chips undermine their recent trade talks
The U.S. Commerce Department's warnings specify that the use of Huawei Ascend chips amounts to a breach of the U.S. government’s export controls.
Brazilian real and a U.S. dollar notes are seen in this illustration taken on Dec. 18, 2024
BUSINESS / Markets
May 20, 2025
Dollar set for more weakness as 'Brand USA' falls further out of favor
Investors see the currency losing more of its luster as the greenback comes back to earth from lofty valuations.
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.
USTA Billie Jean King National Tennis Center Chief Operating Officer Danny Zausner speaks during an event announcing plans for renovations to the tennis center and Arthur Ashe Stadium, in Manhattan, New York City, on Monday.
TENNIS
May 20, 2025
U.S. Open venue to undergo $800 million transformation
Work at the Billie Jean King National Tennis Center will be completed by the 2027 U.S. Open.
Scottie Scheffler celebrates after winning the PGA Championship golf tournament at Quail Hollow in Charlotte, North Carolina, on Sunday.
MORE SPORTS / Golf
May 20, 2025
Scheffler installed as U.S. Open favorite
The event will begin June 12 at Oakmont Country Club in Plum, Pennsylvania, a week before Scottie Scheffler's 29th birthday.
Hiroshima Victims Memorial Cenotaph in the Peace Memorial Park
JAPAN
May 20, 2025
Japan's emperor and empress to visit Hiroshima in June
The imperial couple will visit the city of Hiroshima to commemorate the victims of the 1945 U.S. atomic bombing.
The supercharged investment pledge, up from an initial $1.4 billion, was pitched as part of a last-ditch effort to win approval of the merger, which has drawn fire from both U.S. Presidents Donald Trump and Joe Biden.
BUSINESS / Companies
May 20, 2025
Nippon Steel eyes billions more in U.S. Steel investments if Trump green-lights deal
It is unclear if the billions in new investment will be enough to sway Trump, though two sources said his administration sought the increased investment.
U.S. President Donald Trump (R) the Oval Office of the White House in Washington on March 13, and Russian President Vladimir Putin at the Kremlin in Moscow on March 13.
WORLD / Politics
May 20, 2025
Trump hands Putin a win with retreat from Ukraine peace talks
After months of failing to move Putin closer to peace, Europe fears Trump is pulling the plug on his efforts to end the war, leaving Ukraine and its allies on their own.
The world’s largest aircraft carrier, the USS Gerald R. Ford, reaches the eastern Mediterranean Sea. The U.S. Navy's resources are stretched across multiple regions, including Europe, the Middle East and Indo-Pacific, where China's presence is growing.
COMMENTARY / World / Geoeconomic Briefing
May 19, 2025
U.S. Navy faces tough resource allocation challenges
There's a growing mismatch between U.S. strategic ambition and its military's naval capabilities, with China posing an increasingly formidable adversary both on land and at sea.
Employees work on the production line of American infant product and toy manufacturer Kids II at a factory in Jiujiang, in China's Jiangxi province, in June 2021.
BUSINESS / Economy
May 19, 2025
China consumption miss overshadows factory strength amid tariffs
Despite the resilience of factories, weaker consumption for April points to the need for more supportive policies as economists warn of complacency after a 90-day pause on tariffs.
Moody’s downgrade of the U.S. credit rating reflects growing concern over Washington’s unwillingness to confront rising debt, soaring deficits and interest costs — even as global investors keep piling into Treasuries.
COMMENTARY
May 19, 2025
Moody’s tells us what we already know about U.S. debt
Take the firm’s decision to strip the country of its top AAA credit rating seriously, not literally.
Kim Moon-soo, the presidential candidate for South Korea's conservative People Power Party, attends an election campaign rally in Seoul on Monday.
ASIA PACIFIC / Politics
May 19, 2025
South Korean conservative presidential candidate open to discussing U.S. troop costs
South Korea's conservative presidential candidate Kim Moon-soo said on Monday he was willing to discuss sharing more of the cost of stationing the U.S. military in the country.
Then-Republican presidential candidate Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, last July.
WORLD / Politics
May 19, 2025
$TRUMP dinner blurs lines between profit and politics
Launched hours before his January inauguration, the $TRUMP memecoin is only one example of the Trump family's ever-expanding moves into cryptocurrency.
Finance Minister Katsunobu Kato has said he will seek an opportunity for currency talks with his U.S. counterpart Scott Bessent this week.
BUSINESS / Markets
May 19, 2025
Hedge funds reload long yen trades ahead of Kato-Bessent meeting
Finance Minister Katsunobu Kato said he will seek an opportunity for currency talks with his U.S. counterpart, Scott Bessent, this week.
Presidential candidate Nicusor Dan speaks as he reacts to exit polls of Romania's second round of the presidential election, in Bucharest on Sunday.
WORLD / Politics
May 19, 2025
Centrist Nicusor Dan wins Romanian presidency over hard-right, pro-Trump rival
The election drew the highest percentage of voter turnout in a Romanian election in 25 years.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’