US Secretary of State Marco Rubio spoke to Chinese FM at Asia summit
11/07/2025
US Secretary of State Marco Rubio speaks at ASEAN summit in Malaysia
Asia / Pacific
11/07/2025
Marco Rubio met with Russian & Chinese counterparts during ASEAN summit
Asia / Pacific
11/07/2025
Texas officials are trying to figure out who's really missing from the floods
Americas
11/07/2025
'Brazil is ours!': Protests in Sao Paulo after Trump threatens 50% levy
Americas
10/07/2025
'Tribal politics: If Trump can claim victory to MAGA base domestically that's all that matters'
Americas
08/07/2025
John Bolton deems Trump's lack of philosophy and coherent policy 'disconcerting to US allies'
Americas
07/07/2025
Texas deadly floods: A state 'can't deal with this scale of disaster' without federal resources
Americas
07/07/2025
White House visit: 'For Netanyahu the issue is mostly about domestic politics, not Israeli security'
Middle East
07/07/2025
Deadly floods killed dozens in Texas
Americas
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Euronews
26 minutes ago
- Euronews
Bitcoin boom: Trump's policies create 15,000 new millionaires in 2025
Almost 16,000 Bitcoin holders have joined the millionaires' club between 20 January and 20 July 2025, according to a new report from Finbold. The 15,841 new additions bring the total number of Bitcoin millionaires to 192,205, an increase of 9% in just six months and an average of 88 new millionaires every day. The report noted that large investors with Bitcoin holdings exceeding $10 million (€8.5M) also benefited greatly, with their profits increasing by more than 16% over the same period. The platform attributed the boom in the cryptocurrency market to Trump's support for the sector and the optimism that has gripped the markets since the beginning of his second term, explaining that the day after his election victory was announced in November 2024, there were just 132,842 Bitcoin wallets belonging to millionaires. This momentum has continued to grow, and about 6 months after the Republican leader took office, the number of millionaire crypto investors has risen by more than 59,000, an indication of market activity and investor confidence. This effect is attributed to regulatory policies encouraged by the Trump administration. Earlier in the week, the US House of Representatives passed the first major legislation regulating cryptocurrencies in the country, dubbed Genius. The legislation is seen as a turning point for the digital asset sector, providing a long-awaited clear legal framework for taxation, stablecoin issuance, and institutional custody rules.
Euronews
an hour ago
- Euronews
Asian markets rise, Toyota up by 14% after US tariff deal
The world's biggest economy, the US, and the fourth-largest, Japan, have agreed on a trade deal causing Asian shares to surge, with carmakers leading the way on the prospects of lower tariffs. The US and Japan agreed to put a 15% import duty on goods imported from Japan, apart from certain products such as steel and aluminium that are subject to much higher tariffs. That's down from the 25% that Trump had said would take effect on 1 August if a deal was not reached. This boosted investors' sentiment, resulting in Tokyo's Nikkei stock index rising by nearly 3.9% in the morning in Europe, the Asia Dow increasing by 2.7%, and Hong Kong's Hang Seng jumping 1.3%, while the Shanghai Composite index gained 0.4%. The real trade booster came from the car sector, media reports suggested that Japanese car exports to the US could be subject to a lower tariff than their global competitors. However, key details of the deal remain unclear; Japanese broadcaster NHK reported that the overall tariff rate on autos would be 15%. This could replace the current 25% tariff combined with the 2.5% duty, which is currently imposed on all imported cars in the US. The news fuelled investors' hopes for the future of the biggest Japanese carmakers, pushing Toyota's shares up by more than 14.3%, Honda's shares soared by 11.1%, and Nissan gained nearly 8.3% by the close of Asian trading. There was a chorus of no comments from the Japanese automakers, despite the latest announcement, including Toyota Motor Corp, Honda Motor Co and Nissan Motor Corp. Japanese companies tend to be cautious about their public reactions, and some business officials have privately remarked in off-record comments that they hesitate to say anything because Trump keeps changing his mind. Trump: The US is looking at 'hundreds of thousands of jobs' "This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it," Trump posted on Truth Social, noting that Japan was also investing "at my direction" $550 billion (€468.7bn) into the US. He said Japan would "open" its economy to American autos and rice. Japan's Prime Minister Shigeru Ishiba welcomed the agreement as beneficial to both sides. So far, the US economy appears to be powering through the 'tariff uncertainty' as many of Trump's proposed taxes on imports are currently on hold, and the next major deadline is 1 August. Talks are underway on possible trade deals with other countries that could lower the stringent proposals before they take effect. "President Trump has signed two trade deals this week with the Philippines and Japan which is likely to keep market sentiment propped up despite deals with the likes of the EU and South Korea remaining elusive, for now at least," Tim Waterer, chief market analyst at Kohle Capital Markets, said in a report. What happened in the US markets overnight? On Tuesday, the US stock market inched closer to another record following some mixed profit reports, as General Motors and other big US companies provided updates on how much Trump's tariffs are hurting or helping them. The S&P 500 added 0.1% to the all-time high it had set the day before. The Dow Jones Industrial Average rose 0.4%, but the Nasdaq composite slipped 0.4% from its own record. In the bond market, US Treasury yields sank as traders continue to expect the Federal Reserve to wait until September at the earliest to resume cutting interest rates. The yield on the 10-year Treasury eased to 4.34% from 4.38% late Monday. In other dealings early Wednesday, US benchmark crude oil WTI was down nearly 1.5% at $65.22 a barrel. Brent crude, the international standard, was also slightly down by 0.07% at $68.54 a barrel in the morning in Europe. In currency trading, the US dollar inched up to 146.92 Japanese yen from 146.64 yen. The euro cost $1.1737, down from $1.1754.
France 24
3 hours ago
- France 24
Japanese PM set to resign after bruising election loss, local media reports
Japanese Prime Minister Shigeru Ishiba will announce his resignation by the end of next month, Japanese media reported on Wednesday, following a bruising election defeat that cost his administration its upper house majority. The reports come after Ishiba and US President Donald Trump unveiled a trade deal that lowers tariffs on imports of Japanese autos and spares Tokyo punishing new levies on other goods. In the wake of Sunday's poll drubbing, Ishiba said he would stay in office to pursue the tariff agreement and tackle mounting economic problems. "I can't say until I scrutinise the outcome of the agreement," Ishiba told reporters on Wednesday when asked whether the tariff deal with Washington would influence his decision on whether to stay on. Ishiba told his close associates on Tuesday evening that he would address his responsibility for the election loss after a trade deal had been reached, the Yomiuri newspaper reported earlier. His departure less than a year after taking office would trigger a succession battle within the ruling Liberal Democratic party as it contends with challenges from new political parties, particularly on the right, that are stealing its support. Among them is the "Japanese First" Sanseito far-right group which surged in Sunday's vote, growing its representation in the 248-seat upper house to 14 from one. The party has attracted voters with pledges to curb immigration, slash taxes and provide financial relief to households squeezed by rising prices. Ishiba defeated hardline conservative Sanae Takaichi in a party leadership runoff last year. Ishiba is expected to meet ruling party heavyweights later on Wednesday for discussions on the election outcome.
