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Germany's US exports hit four-year low as tariffs bite
Germany's US exports hit four-year low as tariffs bite
by  AFP

German exports to the United States dropped in July to their lowest level since 2021, data showed Monday, as President Donald Trump's tariffs exact a heavy toll on Europe's biggest economy. Trump's tariffs have dealt a major blow to Germany's export-driven economy, where major manufacturers had already been struggling with high energy costs, fierce competition from Asia and weak demand.

'Trump Whisperer' ex-minister joins Japan PM race
'Trump Whisperer' ex-minister joins Japan PM race
by  AFP

A former top diplomat dubbed the "Trump Whisperer" was the first candidate Monday to join the race to be Japan's next leader, a day after premier Shigeru Ishiba announced his resignation. With strong English, the Harvard-educated politician was dubbed the "Trump whisperer" for his deft handling of tricky US-Japan trade talks.

Asian shares rise as Japan politics weigh on yen
Asian shares rise as Japan politics weigh on yen
by  AFP

Asian markets rose on Monday, with Tokyo up nearly two percent after Japanese Prime Minister Shigeru Ishiba's decision to resign pushed down the value of the yen. "As for the market reaction, this obviously introduces significant downside risks for the (Japanese yen) and for long-end" Japanese government bonds (JGBs), he added.

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