
World markets mixed, Japan's shares dip after election leaves Ishiba's future in doubt
In Asian trading, Japan's benchmark surged and then fell back as it reopened from a holiday Monday following the ruling coalition's loss of its upper house majority in Sunday's election. The Nikkei 225 shed 0.1% to 39,774.92. Analysts said the market initially climbed as investors were relieved that Prime Minister Shigeru Ishiba vowed to stay in office despite the setback
. But the election's outcome has added to political uncertainty and left his government without the heft needed to push through legislation. A breakthrough in trade talks with the US might win Ishiba a reprieve, but so far there's been scant sign of progress in negotiating away the threat of higher tariffs on Japan's exports to the US beginning Aug 1.
"Relief may be fleeting. Ishiba's claim to leadership now rests on political duct tape, and history isn't on his side. The last three LDP leaders who lost the upper house didn't last two months,' Stephen Innes of SPI Asset Management said in a commentary. Elsewhere, Hong Kong's Hang Seng rose 0.4% to 25,082.78, while the Shanghai Composite index advanced 0.6% to 3,581.86.
South Korea's Kospi sank 1.3% to 3,169.94, with investors concerned over the Aug. 1 deadline for making a deal with U.S. President Donald Trump or facing 25% tariffs on all the country's exports to the US. Australia's S&P/ASX 200 added 0.1% to 8,677.20.
India's Sensex gained 0.1%, while In Thailand, the SET sank 1.1% after the government named Vitai Ratanakorn as the new future governor of the central bank. He is viewed as likely to be less independent than the current governor, raising concerns about the bank's independence, analysts said. Vitai will replace Sethaput Suthiwartnarueput, when his term as governor ends in September.
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Arab Times
10 hours ago
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Trump's meeting with a key European official comes as tariff deadline nears
EDINBURGH, Scotland, July 27, (AP): Donald Trump is meeting Sunday with European Commission President Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates now that the White House's deadline to impose stiff tariff rates is looming. Trump played golf Saturday at his course in Turnberry on the southwest coast of Scotland and is expected to hit the links again frequently during his five-day visit. On Tuesday, he'll be in Aberdeen, in northeast Scotland, where his family has another golf course and is opening a third next month. Trump and his son Eric are planning to help cut the ribbon on the new course, where public tee times starting Aug. 13 are already on offer. The visit with von der Leyen is expected to be behind closed doors and few further details have been released. Leaving the White House on Friday, Trump said "we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU.' He said the deal would have to "buy down' the currently scheduled tariff rate of 30% on the bloc of 27 member states. Later, von der Leyen posted on X that, "Following a good call' with Trump, the pair had 'agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong.' The US and EU seemed close to reaching a deal earlier this month, but Trump instead threatened a 30% tariff rate on the bloc of nations. Still, Trump's original deadline for beginning such tariffs has already passed, and is now delayed until at least Friday. Flying to Scotland to enjoy his golf courses hasn't stopped the president from talking trade. After going to Turnberry to play nine holes, have lunch, then play nine more, Trump posted that he'd block any trade deals between the US and Cambodia and Thailand since the two southeast Asian countries remain locked in violent clashes in long-disputed border areas. Trump wrote that he spoke with Cambodian Prime Minister Hun Manet and Phumtham Wechayachai, the acting prime minister of Thailand, to call for a ceasefire. "I am trying to simplify a complex situation!' he wrote on Truth Social after disclosing his conversation with the Cambodian leader. After speaking with Wechayachai, Trump said both countries want peace and added: "Ceasefire, Peace, and Prosperity seems to be a natural.' The actual likelihood of a deal with the EU, meanwhile, remains to be seen. Trump recently said he thought the odds of reaching a framework with Japan was 25% - but the U.S. and Japan subsequently announced an agreement this past week.


Arab Times
10 hours ago
- Arab Times
Thailand and Cambodia agree to ceasefire talks after Trump steps in
SURIN, Thailand, July 27, (AP): Thailand and Cambodia on Sunday signaled their readiness to negotiate an end to a deadly border dispute following mediation efforts by US President Donald Trump. The fighting, now in its fourth day, has killed at least 34 people and displaced more than 168,000. Trump posted on Truth Social on Saturday that he spoke to the leaders of Thailand and Cambodia and suggested he would not move forward with trade agreements with either country if the hostilities continued. He later said both sides agreed to meet to negotiate a ceasefire. Cambodian Prime Minister Hun Manet said Sunday his country agreed to pursue an "immediate and unconditional ceasefire.' He said Trump told him that Thailand had also agreed to halt attacks following Trump's conversation with Acting Thai Prime Minister Phumtham Wechayachai. "This is positive news for the soldiers and people of both countries,' Hun Manet said in a statement. He said he tasked his deputy, Foreign Minister Prak Sokhonn, to coordinate next steps with US Secretary of State Marco Rubio and to engage directly with Thailand's foreign minister to implement the ceasefire. Thailand expressed cautious support. Phumtham thanked Trump and said that Thailand agreed in principle to a ceasefire but stressed the need for "sincere intention' from Cambodia, the Thai Foreign Ministry said. Phumtam called for swift bilateral talks to discuss concrete steps toward a peaceful resolution, it said. The fighting first flared Thursday after a land mine explosion along the border wounded five Thai soldiers. Both sides blamed each other for starting the clashes. Both countries recalled their ambassadors and Thailand closed its border crossings with Cambodia. Despite the diplomatic efforts, fighting continued Sunday along parts of the contested border, with both sides refusing to budge and trading blame over renewed shelling and troop movements. Col. Richa Suksowanont, a Thai army deputy spokesperson, said Cambodian forces fired heavy artillery into Surin province, including at civilian homes early Sunday. He said Cambodia also launched rocket attacks targeting the ancient Ta Muen Thom temple claimed by both countries, and other areas in a bid to reclaim territory secured by Thai troops. Thai forces responded with long-range artillery to strike Cambodian artillery and rocket launchers. Richa said Trump's efforts to mediate was a "separate matter.' The battlefield operations will continue and a ceasefire can only happen if Cambodia formally initiates negotiations, he added.


Arab Times
a day ago
- Arab Times
Women in legislatures across the US fight for ‘potty parity'
WASHINGTON, July 26, (AP): For female state lawmakers in Kentucky, choosing when to go to the bathroom has long required careful calculation. There are only two bathroom stalls for women on the third floor of the Kentucky Statehouse, where the House and Senate chambers are located. Female legislators - 41 of the 138 member Legislature - needing a reprieve during a lengthy floor session have to weigh the risk of missing an important debate or a critical vote. None of their male colleagues face the same dilemma because, of course, multiple men's bathrooms are available. The Legislature even installed speakers in the men's bathrooms to broadcast the chamber's events so they don't miss anything important. In a pinch, House Speaker David Osborne allows women to use his single stall bathroom in the chamber, but even that attracts long lines. "You get the message very quickly: This place was not really built for us,' said Rep. Lisa Willner, a Democrat from Louisville, reflecting on the photos of former lawmakers, predominantly male, that line her office. The issue of potty parity may seem comic, but its impact runs deeper than uncomfortably full bladders, said Kathryn Anthony, professor emerita at the University of Illinois at Urbana-Champaign's School of Architecture. "It's absolutely critical because the built environment reflects our culture and reflects our population,' said Anthony, who has testified on the issue before Congress. "And if you have an environment that is designed for half the population but forgets about the other half, you have a group of disenfranchised people and disadvantaged people.' There is hope for Kentucky's lady legislators seeking more chamber potties. A $300 million renovation of the 155-year-old Capitol - scheduled for completion by 2028 at the soonest - aims to create more women's restrooms and end Kentucky's bathroom disparity. The Bluegrass State is among the last to add bathrooms to aging statehouses that were built when female legislators were not a consideration. In the $392 million renovation of the Georgia Capitol, expanding bathroom access is a priority, said Gerald Pilgrim, chief of staff with the state's Building Authority. It will introduce female facilities on the building's fourth floor, where the public galleries are located, and will add more bathrooms throughout to comply with the Americans with Disabilities Act. "We know there are not enough bathrooms,' he said. There's no federal law requiring bathroom access for all genders in public buildings. Some 20 states have statutes prescribing how many washrooms buildings must have, but historical buildings - such as statehouses - are often exempt. Over the years, as the makeup of state governments has changed, statehouses have added bathrooms for women. When Tennessee's Capitol opened in 1859, the architects designed only one restroom - for men only - situated on the ground floor. According to legislative librarian Eddie Weeks, the toilet could only be "flushed' when enough rainwater had been collected. "The room was famously described as 'a stench in the nostrils of decency,'' Weeks said in an email. Today, Tennessee's Capitol has a female bathroom located between the Senate and House chambers. It's in a cramped hall under a staircase, sparking comparisons to Harry Potter's cupboard bedroom, and it contains just two stalls. The men also just have one bathroom on the same floor, but it has three urinals and three stalls. Democratic Rep. Aftyn Behn, who was elected in 2023, said she wasn't aware of the disparity in facilities until contacted by The Associated Press. "I've apparently accepted that waiting in line for a two-stall closet under the Senate balcony is just part of the job,' she said. "I had to fight to get elected to a legislature that ranks dead last for female representation, and now I get to squeeze into a space that feels like it was designed by someone who thought women didn't exist -- or at least didn't have bladders,' Behn said. The Maryland State House is the country's oldest state capitol in continuous legislative use, operational since the late 1700s. Archivists say its bathroom facilities were initially intended for white men only because desegregation laws were still in place. Women's restrooms were added after 1922, but they were insufficient for the rising number of women elected to office. Delegate Pauline Menes complained about the issue so much that House Speaker Thomas Lowe appointed her chair of the "Ladies Rest Room Committee,' and presented her with a fur covered toilet seat in front of her colleagues in 1972. She launched the women's caucus the following year. It wasn't until 2019 that House Speaker Adrienne A. Jones, the first woman to secure the top position, ordered the addition of more women's restrooms along with a gender-neutral bathroom and a nursing room for mothers in the Lowe House Office Building. As more women were elected nationwide in the 20th century, some found creative workarounds. In Nebraska's unicameral Legislature, female senators didn't get a dedicated restroom until 1988, when a facility was added in the chamber's cloakroom. There had previously been a single restroom in the senate lounge, and Sen. Shirley Marsh, who served for some 16 years, would ask a State Patrol trooper to guard the door while she used it, said Brandon Metzler, the Legislature's clerk. In Colorado, female House representatives and staff were so happy to have a restroom added in the chamber's hallway in 1987 that they hung a plaque to honor then-state Rep. Arie Taylor, the state's first Black woman legislator, who pushed for the facility. The plaque, now inside a women's bathroom in the Capitol, reads: "Once here beneath the golden dome if nature made a call, we'd have to scramble from our seats and dash across the hall ... Then Arie took the mike once more to push an urge organic, no longer do we fret and squirm or cross our legs in panic.' The poem concludes: "In mem'ry of you, Arie (may you never be forgot), from this day forth we'll call that room the Taylor Chamber Pot.' New Mexico Democratic state Rep. Liz Thomson recalled missing votes in the House during her first year in office in 2013 because there was no women's restroom in the chamber's lounge. An increase in female lawmakers - New Mexico elected the largest female majority Legislature in U.S. history in 2024 - helped raise awareness of the issue, she said. "It seems kind of like fluff, but it really isn't,' she said. "To me, it really talks about respect and inclusion.' The issue is not exclusive to statehouses. In the U.S. Capitol, the first restroom for congresswomen didn't open until 1962. While a facility was made available for female U.S. Senators in 1992, it wasn't until 2011 that the House chamber opened a bathroom to women lawmakers. Jeannette Rankin of Montana was the first woman elected to a congressional seat. That happened in 1916. Willner insists that knowing the Kentucky Capitol wasn't designed for women gives her extra impetus to stand up and make herself heard. "This building was not designed for me," she said. "Well, guess what? I'm here.'