Latest news with #supply chains
Japan Times
18 hours ago
- Business
- Japan Times
Foreign Ministry to set up economic security division
The Foreign Ministry said Tuesday that it will implement a large-scale organizational reform on Friday, including the establishment of an economic security division under the Economic Affairs Bureau. Through the new division, the ministry aims to better respond to issues related to economic security, such as the strengthening of supply chains for key minerals amid heightening U.S.-China tensions. Currently, the economic security policy office under the Foreign Policy Bureau's National Security Policy Division is in charge of economic security-related affairs. At the Economic Affairs Bureau, a general affairs division, which will take charge of comprehensive coordination concerning economic diplomacy, and an economic diplomacy strategy division, tasked with handling emerging issues, such as those linked to digital technologies and artificial intelligence, will also be established. The Western Europe Division and the Central and South Eastern Europe Division at the European Affairs Bureau will be reorganized into the first Europe division and the second Europe division. The second Europe division will have an office handling policies associated with Ukraine, Poland, the three Baltic states and three other nations so that issues pertaining to Russia's invasion of Ukraine are dealt with intensively. As part of efforts to better protect Japanese nationals abroad, the ministry will revamp the Japanese Nationals Overseas Safety Division under the Consular Affairs Bureau. Cases requiring emergency response, such as terrorist attacks and natural disasters, will be handled by a new division on emergency situations, while other cases involving the protection of Japanese expatriates will be dealt with by a new office for safety support. It will be the first time in 19 years for the ministry to carry out a large-scale organizational reform involving multiple bureaus. "At a time when the international community is going through changes, we hope to create an organizational structure capable of strategically and flexibly coping with medium- to long-term diplomatic issues," a ministry official said.
Globe and Mail
4 days ago
- Business
- Globe and Mail
Modiv Industrial To Report Second Quarter 2025 Results on August 7, 2025
Modiv Industrial, Inc. ('Modiv' or the 'Company') (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced that it will report financial results for the quarter ended June 30, 2025 before the market opens on Thursday, August 7, 2025. Management will host a conference call the same day at 11:00 a.m. Eastern Time to discuss the results. Live conference call: 1-800-717-1738 or 1-646-307-1865 at 11:00 a.m. Eastern Time, Thursday, August 7, 2025. Webcast: To listen to the webcast, either live or archived, use this link or visit the investor relations page of Modiv's website at Modiv Industrial, Inc. is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains. For more information, please visit:
Times of Oman
6 days ago
- Business
- Times of Oman
SEZAD to organise "Duqm Summer" sessions for investors in August 2025
Duqm: The Special Economic Zone Authority at Duqm (SEZAD) will organize four specialized familiarization sessions, titled "Duqm Summer", in favour of investors in August 2025, at SEZAD building in Duqm in Al Wusta Governorate. The sessions will deal with uses of artificial intelligence applications, developing an adaptable workforce, building resilient supply chains and promoting a culture of work environment that encourages stability and professional growth. The sessions include one about global trade and supply chains, due to be held on 19 August. It will discuss strategic location of A'Duqm as an ideal meeting point between Europe, Asia and Africa. It will also address real-life experiences in managing risks during periods of disruption and crises. "Duqm Summer" sessions conclude on 26 August, with a session to be dedicated to workplace culture and mental health. The closing session will explain how organizations can build a supportive work environment that enhances performance and diminishes employee turnover rates.
BBC News
21-07-2025
- Automotive
- BBC News
Car maker Stellantis says US tariffs have cost it €300m
The car company behind the brands Vauxhall, Jeep and Fiat says US President Donald Trump's tariffs have already cost it €300m (£259.6m, $349.2m).Stellantis said the financial hit was a result of tariffs impacting trade and the company's loss of planned production in its response to the them.A 25% tariff on cars being imported to the US has been place since policy decision has threatened to upend global car trade and supply chains, with some car manufacturers, including Jaguar Land Rover (JLR) temporarily pausing exports to the US in response. Stellantis owns 14 car brands, including Alfa Romeo, Maserati, Citroen, Chrysler and said its shipments to North America were 25% lower in the three months to June compared to the same period in 2024, due in part to sales over that time were also down 10%, the company said in preliminary figures for the first half of the Stellantis has manufacturing plants in the US, it also manufactures vehicles in the UK, Europe, Canada, Mexico and South car company has forecast revenues of €74.3bn for the first half of the year, and a net loss of €2.3bn which includes the impact of tariffs. When he introduced the car tariffs, Trump said it would boost the American car manufacturing industry, but within a month of their introduction he eased tariffs on foreign car UK reached a deal with the White House in May to reduce car tariffs to 10% on up to 100,000 vehicles, which is still considerably higher than the previous tariff of 2.5%.Other countries remain in negotiations with the US, and Trump has recently threatened to lift overall tariffs on the European Union and Mexico if they retaliate against the US tariff has also threatened to lift tariffs on Brazilian exports to 50% if the country does not drop a case against far-right former president Jair Bosonaro, a Trump ally facing prosecution over an alleged coup has three facilities in Brazil, producing Fiat, Jeep and Citroen is not the only car manufacturer dealing with the repercussions of Trump's June, JLR downgraded its profit predictions after it halted all exports to the US in April before resuming shipments in May after the UK deal was week, JLR announced it was cutting up to 500 management jobs in the UK amid ongoing pressure on its sales from tariffs.
Yahoo
18-07-2025
- Business
- Yahoo
China commerce minister says he met Nvidia CEO in Beijing
By Che Pan and Casey Hall BEIJING (Reuters) -China's Commerce Minister Wang Wentao said on Friday he met with Nvidia CEO Jensen Huang in Beijing on Thursday. Wang said at a press conference that Huang had worked very hard over the past few days during his visit to China, but Wang did not provide any details about what was discussed at their meeting. Nvidia did not respond immediately to a request for comment. During his third China visit this year, Huang, the founder and CEO of the world's most valuable company, also met with Ren Hongbin, chairman of China Council for the Promotion of International Trade and the country's Vice Premier He Lifeng. Chinese officials told Huang they welcomed foreign companies to continue to invest in the country, the Nvidia CEO said at a press conference in Beijing on Wednesday. At the event, Huang described artificial intelligence models from Chinese firms Deepseek, Alibaba and Tencent as "world class" and said AI was "revolutionising" supply chains. Huang also said Chinese customers' demand for its H20 AI chip, which was released from U.S. export controls this week, is high but no purchase orders have been fulfilled yet as it awaits U.S. government approval for export licences. Nvidia has also announced it is developing a new chip for Chinese clients called the RTX Pro GPU, which would be compliant with U.S. export restrictions and designed specifically for smart factories and for robot training purposes. Sign in to access your portfolio
