A Boeing jet earmarked for China was returning to the U.S. on Friday, flight tracking data showed, as the planemaker’s flagship delivery plant outside Shanghai was drawn into a deepening tariff war between Beijing and Washington, CNBC reported. The return of one of several jets waiting for final work and handover to a Chinese carrier at the completion center in Zhoushan is the latest sign of disruption to deliveries from a breakdown in the industry’s decades-old duty-free status. In a sign that Boeing was preparing for normal business just weeks before U.S.
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Resources Per Country
- Afghanistan
- Armenia
- Australia
- Azerbaijan
- Bangladesh
- Brunei
- Cambodia
- China
- Cook Islands
- Cyprus
- Fiji
- Georgia
- Hong Kong
- India
- Indonesia
- Japan
- Kazakhstan
- Kyrgyzstan
- Laos
- Macau
- Malaysia
- Maldives
- Mongolia
- Myanmar
- Nepal
- New Zealand
- North Korea
- Pakistan
- Papua New Guinea
- Philippines
- Singapore
- South Korea
- Sri Lanka
- Taiwan
- Tajikistan
- Thailand
- Turkey
- Uzbekistan
- Vanuatu
- Vietnam
The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by BCCI and Riju Raveendran seeking withdrawal of insolvency proceedings against Byju’s and consider the settlement between the debt-ridden edtech firm and the apex cricket body, The Hans India reported.
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Queensland's government has put a politically connected cybersecurity business into insolvency within six months of it winning a state contract to run a $15 million safety program, ABC.net.au reported. Cryptoloc Holdings' liquidation was executed this month in the Supreme Court after failing to repay $1.51 million demanded by the state for money already advanced, the ABC can reveal. Court-filed correspondence shows a disintegration of confidence amid questions about Cryptoloc Holdings' financial strength and spending.
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The new U.S. ambassador to Japan arrived in Tokyo on Friday and said he is optimistic that his country and its key Asian ally will reach a deal in their ongoing tariff negotiations, the Associated Press reported. George Glass, a prominent businessperson known for his background in finance, investment banking and technology, arrives as Washington and Tokyo are negotiating President Donald Trump’s tariff measures, which have triggered worldwide concern about their impact on the economy and global trade. “I’m extremely optimistic ...
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Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday, the Associated Press reported. Japan’s global trade deficit totaled 5.2 trillion yen ($37 billion) for the fiscal year through March, for the fourth straight year of deficits, according to the provisional statistics. The surplus with the U.S. ballooned to 9 trillion yen ($63 billion). Exports to the U.S. are a contentious issue for U.S. President Donald Trump and Japanese negotiators are in Washington to argue their case against higher U.S. tariffs.
Turkey’s central bank raised its key interest rate Thursday, reversing a previous course of rate reductions as political conflict threatens to stymie the bank’s efforts to tame high inflation, the Wall Street Journal reported. The bank said it will raise its one-week repo rate to 46% from 42.5% previously. It had been expected to keep rates on hold, according to economists polled by FactSet. Recent developments in financial markets are likely to lead core goods inflation to rise this month, the bank said in a statement.
China’s economy grew faster than expected in the first three months of this year, as government stimulus measures helped to boost consumption, The Irish Times reported. The 5.4 percent increase of gross domestic product (GDP) compared to the same quarter last year came ahead of Donald Trump’s imposition of crippling tariffs on Chinese goods. Retail sales grew by a bigger than expected 5.9 per cent in March compared to a year ago and industrial output was up by 7.7 per cent, the fastest growth since June 2021, according to data released on Wednesday.
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Min Byung-deok, a member of the Democratic Party of Korea, announced on the 16th that he has proposed the 'Virtual Asset Exchange Bankruptcy Isolation Act' to effectively protect user assets in the event of a cryptocurrency exchange bankruptcy, Bloomingbit reported. This amendment is a supplementary legislation to the current 'Act on the Protection of Virtual Asset Users', aimed at enhancing the effectiveness of the provision that mandates exchanges to segregate customer assets from company assets.
Bank of Japan Governor Kazuo Ueda said the central bank may need to take policy action if U.S. tariffs hurt the Japanese economy, the Sankei newspaper reported on Wednesday, signaling the potential to pause the bank's rate-hike cycle. Since February, risks surrounding U.S. President Donald Trump's policies have "moved closer towards the bad scenario" the BOJ had envisioned, Ueda said in an interview, adding that recent developments have already affected corporate and household confidence.