BANGKOK (AP) – China restricted Tuesday exports to 40 Japanese entities it says are contributing to Japan’s “remilitarization,” in the latest escalation of tensions with Tokyo. Beijing has shown continued displeasure with Tokyo since Japanese Prime Minister Sanae Takaichi in November implied Japan could intervene if China used military force against Taiwan.
NEW YORK (AP) - Oil prices leaped on worries that war with Iran could clog the flow of crude, while U.S. stocks swung from sharp losses to small gains. The S&P5 00 finished with a gain of less than 0.1%. The Dow added 0.2%, and the Nasdaq composite rose 0.4%. Oil and defense stocks rallied. Treasury yields rose with worries about inflation.
BEIJING (AP) – The first official trip to China by German Chancellor Friedrich Merz comes as his country’s manufacturers face increasing pressure from Chinese competitors and as U.S. President Donald Trump shakes up a post-World War II global order that Europe has long depended on.
LONDON (AP) – Several international airlines resumed a small number of flights from the United Arab Emirates on Monday, offering some relief for travelers caught up in airspace closures and other safety precautions as the U.S. and Israel bombarded Iran, and Iran struck back at targets across the Middle East.
WASHINGTON (AP) – The Supreme Court’s stunning rebuke of President Donald Trump’s most sweeping tariffs means he can’t conjure up new import taxes on a whim anymore. But the justices’ ruling on Friday is nonetheless unlikely to ease the uncertainty over Trump’s trade policy that has paralyzed businesses over the past year.
DUBAI, United Arab Emirates (AP) – Iran’s paramilitary Revolutionary Guard has grown into a powerful force within the country’s theocracy, answering only to its supreme leader and overseeing its ballistic missile arsenal and launching attacks overseas.
GENEVA (AP) – A U.S. official focusing on arms control on Monday provided what he called new, declassified details of a Chinese underground nuclear test nearly six years ago and urged countries to press China and Russia to do more on nuclear disarmament.
Excerpts from recent editorials in the United States and abroad:
BANGKOK (AP) – The Supreme Court’s ruling against U.S. President Donald Trump’s tariffs has countries like China and South Korea watching for Washington’s next steps, while financial markets took the news in stride.
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