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Toyota and Nissan Halt Production in Japan Following Earthquake

Toyota and Nissan Halt Production in Japan Following Earthquake

Toyota and Nissan have temporarily suspended production at their plants in southwestern Japan due to a 7.1-magnitude earthquake that struck the region. Although the plants themselves were not damaged, the earthquake has caused significant disruption to suppliers and infrastructure, leading to the decision to halt operations. Toyota has suspended all three of its plants until Friday, while Nissan has suspended parts of its operations indefinitely. The affected plants are responsible for producing several models, including the Lexus ES, RX, UX, NX, Infiniti QX80, and Nissan Armada, many of which are exported to the United States.
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Asia stocks surge, yen falls after BOJ holds rates

Asia stocks surge, yen falls after BOJ holds rates

By Rae Wee SINGAPORE, July 31 (Reuters) - Asian markets rallied hard with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that the recent selloff in AI-linked assets may be near an end.
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Global Heat Waves Intensify Amid El Niño and Climate Change

Global Heat Waves Intensify Amid El Niño and Climate Change

Heat waves are gripping multiple regions worldwide, including Europe, North America, and Asia, with record-breaking temperatures expected. The phenomenon is partly driven by El Niño, which has strengthened since its development in June, contributing to unusually warm ocean waters. Western Europe is facing another round of extreme heat following its hottest June on record, while the western United States braces for temperatures as high as 115°F (46°C) in Phoenix and 110°F (43°C) in Montana. Asia, including South Korea and Japan, is also experiencing severe heat. The jet stream's wavy pattern is locking heat domes in place, exacerbating the situation. Climate change and warm ocean temperatures are amplifying these conditions, with scientists warning of long-term impacts.
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Stocks surge, yen awaits BOJ presser after intervention boost

Stocks surge, yen awaits BOJ presser after intervention boost

By Rae Wee SINGAPORE, July 31 (Reuters) - Asian markets rallied hard with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that a recent rout in AI-related stocks had run out of steam.
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Asia stocks surge, yen awaits Ueda's presser after intervention boost

Asia stocks surge, yen awaits Ueda's presser after intervention boost

By Rae Wee SINGAPORE, July 31 (Reuters) - Asian markets rallied hard with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that a recent selloff in AI-linked assets may be near an end.
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Stocks climb as strong tech results reignite AI trade, yen swings

Stocks climb as strong tech results reignite AI trade, yen swings

By Niket Nishant July 31 (Reuters) - Global stocks rallied on Friday as robust results from Amazon and Microsoft reassured bruised investors to return to AI trade, while currency traders stayed alert to intervention a day after Japanese authorities likely stepped in to prop up the yen.
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Yen surges, analysts suspect official Japanese intervention

Yen surges, analysts suspect official Japanese intervention

NEW YORK, July 30 (Reuters) - The Japanese yen surged on Thursday, in a move analysts said bore the hallmarks of official intervention by Tokyo to prop up a currency that has slumped to four-decade lows against the dollar.
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Bank of Japan Maintains Interest Rates Amid Economic Adjustments

Bank of Japan Maintains Interest Rates Amid Economic Adjustments

The Bank of Japan (BoJ) has decided to keep its policy interest rate unchanged at around 1%, following a recent increase to a 31-year high. This decision comes as the BoJ slightly raises its economic growth forecast for fiscal year 2026 while lowering its inflation forecast. The central bank's cautious approach reflects ongoing challenges, including climate change impacts on European industries and fluctuating global economic conditions. The BoJ's decision was made with an 8-to-1 vote, and the announcement led to a depreciation of the yen against the U.S. dollar.
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2026 Little League Softball World Series teams, bracket. Here’s who made it

2026 Little League Softball World Series teams, bracket. Here’s who made it

Youth softball's biggest stage is set. Little League Softball World Series qualifiers are taking aim at this year's championship in North Carolina.
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Yen steady as traders remain alert to intervention risks

Yen steady as traders remain alert to intervention risks

By Shashwat Chauhan July 31 (Reuters) - The yen steadied after rising briefly earlier on Friday, with traders remaining alert for a second round of intervention after Japanese authorities stepped in to prop up their currency a day earlier.
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Microsoft rally lifts stocks, 30-year Treasury yield hits 19-year peak

Microsoft rally lifts stocks, 30-year Treasury yield hits 19-year peak

By Karen Brettell July 30 (Reuters) - U.S. stocks gained on Thursday as Microsoft's forecast-beating results eased investor concerns about massive AI spending by companies, while 30-year Treasury yields scaled a 19-year peak after the Federal Reserve left interest rates unchanged on Wednesday,
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Pickup truck profits highlight growing divide among global automakers

Pickup truck profits highlight growing divide among global automakers

By Nick Carey LONDON, July 30 (Reuters) - From Fiat to Ferrari, results on Thursday highlighted a growing gap between the carmakers raking in cash by selling gas-guzzling pickups to Americans and those struggling to compete with Chinese rivals in a world that is slowly embracing electric.