logo
Two Japanese men killed in northeast China after business dispute

Two Japanese men killed in northeast China after business dispute

Reuters2 days ago

TOKYO/BEIJING June 3 (Reuters) - China's Foreign Ministry said on Tuesday that two Japanese men killed last month in the northeastern city of Dalian were business partners of the suspect and authorities were investigating.
Dalian police confirmed the case in a statement on Tuesday and said a 42-year-old male suspect of Chinese nationality has been arrested. He had lived in Japan for a long time, the statement said.
The two victims were business partners of the suspect who had entered China temporarily, police said, adding that the incident was triggered due to business conflicts.
Kyodo News had reported the incident earlier on Tuesday, citing the Japanese embassy in China.
Chinese police notified the Japanese consulate in Shenyang on May 25 about the killings, the report said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil slips on US stockpile build, Saudi Arabia price cuts
Oil slips on US stockpile build, Saudi Arabia price cuts

Reuters

time21 minutes ago

  • Reuters

Oil slips on US stockpile build, Saudi Arabia price cuts

TOKYO, June 5 (Reuters) - Oil prices slipped in early trade on Thursday after a build in U.S. gasoline and diesel inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Brent crude futures fell 21 cents, or 0.3%, to $64.65 a barrel at 0047 GMT. U.S. West Texas Intermediate crude lost 29 cents, or 0.5%, dropping to $62.58. Oil prices closed around 1% lower on Wednesday after official data showed that U.S. gasoline and distillate stockpiles grew more than expected, reflecting weaker demand in the world's top economy. Adding to the weakness, Saudi Arabia, the world's biggest oil exporter, cut its July prices for Asian crude buyers to nearly the lowest in four years. The price cut by Saudi Arabia, key oil producer within OPEC+ - the oil producing group that includes members of the Organization of the Petroleum Exporting Countries and allies such as Russia - follows the OPEC+ move over the weekend to increase output by 411,000 barrels per day for July. The strategy of OPEC+ group leaders Saudi Arabia and Russia is partly to punish over-producers and to wrestle back market share, Reuters has reported. Meanwhile, Canada prepared possible reprisals and the European Union reported progress in trade talks as new U.S. metals tariffs triggered more disruption in the global economy and added urgency to negotiations with Washington. "Uncertainty fuelled by President Trump's shifting stance on tariffs has intensified fears of a global economic slowdown," analyst Ole Hansen at Saxo Bank said in a note.

BREAKING NEWS Anthony Albanese's government considering a new Donald Trump style tariff: What it means for you
BREAKING NEWS Anthony Albanese's government considering a new Donald Trump style tariff: What it means for you

Daily Mail​

time36 minutes ago

  • Daily Mail​

BREAKING NEWS Anthony Albanese's government considering a new Donald Trump style tariff: What it means for you

Teaming up with other regional economies to impose tariffs on carbon-intensive iron and other goods has been pitched as key to Australia's future as a major player in emerging green industries. The case for Asian carbon border tariffs has been made by think tank Climate Energy Finance days after the federal energy minister signalled openness to charges at the border on emissions-heavy steel and cement. Carbon border adjustment mechanisms, known as CBAMs, can level the playing field for heavy industries subject to domestic carbon pricing. Without them, steelmakers and other producers may choose to move factories offshore to countries with less stringent regulations on pollution, a problem known as 'carbon leakage'. The European Union has been leading the charge and its carbon border adjustment mechanism is scheduled to come into full force in 2026. There was a strong case for an Asian equivalent building on the 17 domestic carbon pricing schemes already across the region, Climate Energy Finance net-zero transformation analyst and report author Matt Pollard said. This includes Australia, which forces big polluters to pay a carbon penalty if their emissions are above a certain threshold via the safeguard mechanism. China, South Korea, Japan and Singapore also have carbon pricing in some shape or form. With most emissions-intensive goods produced in Asia for export traded within the Asia Pacific, a regional border mechanism would effectively function as a price on carbon in international trade. 'As a result, lower-emission products can more effectively compete against higher-emissions products in a global market,' Mr Pollard explained. The think tank wants Australia to spearhead the conversation as part of its bid to co-host the COP31 climate summit alongside Pacific nations. Climate Change and Energy Minister Chris Bowen would not rule out the possibility of carbon tariffs on specific sectors, such as steel and cement, during an interview on ABC's Insiders on Sunday He cited an ongoing review into carbon leakage headed by Australian National University climate change economics expert Frank Jotzo. 'We want to ensure Australian industry is best placed to compete in a decarbonising world,' he said on Sunday. Opposition energy and emissions reduction spokesman Dan Tehan criticised the minister for floating the idea immediately after winning the federal election. 'He's put electricity prices up, he's put gas prices up, and he's put emissions up, and now he wants to follow Donald Trump's lead and put in place tariffs,' Mr Tehan said on social media platform X on Sunday. Mr Pollard rejected the comparison to the US president's 'erratically applied, economically and industrially destructive and investment-deterring' tariff agenda. 'Carbon border adjustment mechanisms are not discriminatory, and enhance globalisation, international collaboration and climate action - which is intrinsically a global problem,' he said. While they are tariffs by nature, carbon border adjustment mechanisms have the opposite objectives of the Trump administration's trade policies that are designed to 'enhance protectionism and isolationism'. The push for regional Asian carbon tariffs was welcomed by groups like clean energy industry body Smart Energy Council and economic think tank The Superpower Institute.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store