Month: March 2025
How one of Japan’s largest insurers is pivoting to serve an aging population
Sompo Holdings, a leading global insurance provider, is undergoing a significant transformation under. CNBC’s Christine Tan sat down with Group CEO Mikio Okumura in this episode of “Managing Asia.” Sompo Holdings, a leading global insurance provider, is undergoing a significant transformation under Group CEO Mikio Okumura. The company, with operations in 28 countries, has restructured […]
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Trump threatens ‘far larger’ tariffs if EU and Canada unite to do ‘economic harm’ to the U.S.
U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein | Reuters U.S. President Donald Trump threatened to impose “far larger” tariffs on the European Union (EU) and Canada if they work together to combat trade tariffs. “If the European […]
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Germany slams Trump’s 25% auto tariffs as bad news for U.S., EU and global trade
A Volkswagen (VW) Passat R car (L) and a Golf GTI car are pictured in the tower storage facility of German carmaker Volkswagen at the company’s headquarters in Wolfsburg, central Germany, on March 11, 2025. Ronny Hartmann | Afp | Getty Images Germany’s economy minister and auto industry lambasted U.S. President Donald Trump’s plans to […]
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European auto shares fall after fresh Trump tariffs; Jeep-maker Stellantis down 5.2%: Live updates
H&M posts weaker-than-expected first-quarter sales in slow start to the year H&M on Thursday posted weaker than expected first-quarter sales in a slow start to the year for the world’s second-largest clothing retailer. Sales at the Swedish fashion giant rose 2% in local currencies to 55.33 billion Swedish krona ($5.5 billion) in the three-month period, slightly […]
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Shares of Asia’s automakers fall as Trump announces 25% tariffs on car imports
Recently imported brand new unregistered Honda cars are parked in a storage yard at the Port of Bristol on January 15, 2025 near Bristol, England. Anna Barclay | Getty Images Shares of Asia’s automakers fell after U.S. President Donald Trump announced he will impose tariffs on cars not made in the country. Japanese automakers Toyota […]
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Chinese consumer companies signal spending is picking up again
Shoppers line up to shop at a Laopu Gold outlet in Deji Plaza in Nanjing, China, on Feb. 21, 2025. Fang Dongxu | Feature China | Future Publishing | Getty Images BEIJING — Chinese companies’ latest earnings reports point to an improvement in consumer spending, though it’s not necessarily back to pre-pandemic levels. E-commerce giants […]
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Stock futures rise even as investors weigh Trump’s auto tariffs: Live updates
Donald Trump is greeted by traders as he walks the floor of the New York Stock Exchange on Dec. 12, 2024. Alex Brandon | AP Stock futures were edged up early Thursday as investors weighed news of President Donald Trump’s 25% tariff aimed at foreign cars. Futures tied to the Dow Jones Industrial Average rose […]
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Japan and Brazil vow to bolster strategic ties as security and trade worries rise
Brazil’s President Luiz Inacio Lula da Silva (L) walks with Japan’s Emperor Naruhito (R) during a welcoming ceremony at the Imperial Palace in Tokyo on March 25, 2025. Yoshikazu Tsuno | Afp | Getty Images Japan and Brazil on Wednesday agreed to establish a framework for foreign policy and defense exchanges during a state visit […]
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China’s industrial profits slip at start of the year as deflationary pressures, tariff risks mount
YICHUN, CHINA – FEBRUARY 06: Mechanical arms work on the production line of electronic products for new-energy vehicles in an intelligent workshop at a factory in the high-tech industrial park on February 6, 2025 in Fengcheng, Jiangxi Province of China. Zhu Haipeng | Visual China Group | Getty Images China’s industrial profits slipped in the […]
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AirAsia flight to China turns back due to engine fire, lands safely
Air Asia planes are parked at Kuala Lumpur International Airport LCCT in Kuala Lumpur, Malaysia, on April 30, 2023. Nurphoto | Nurphoto | Getty Images An AirAsia flight bound for China returned to Kuala Lumpur due to an engine fire shortly after takeoff and landed safely with no injuries reported, Malaysian authorities said on Thursday. Flight AK128 on an Airbus A320, was en route to Shenzhen but turned back to Kuala […]
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