Suzuki Swift Production Suspended In Japan As China Restricts Rare Earth Exports
The Japanese automaker had announced the planned production stoppage of the Swift subcompact, excluding the Swift Sport model, from May 26 through June 6, citing a shortage of components.
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It did not elaborate beyond that, and a spokesperson said the company had no comment on the reason for the suspension, which was first reported by the Nikkei business daily.
China's decision in April to suspend exports of a wide range of rare earths and related magnets has upended the supply chains central to automakers, aerospace manufacturers, semiconductor companies, and military contractors around the world.
Some European auto parts plants have also suspended output, and Mercedes-Benz is considering ways to protect against shortages of rare earths.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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Business Standard
an hour ago
- Business Standard
'Seed money': Japan will invest $550 bn in US at my direction, says Trump
President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $ 550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. "Japan is putting up $ 550 billion in order to lower their tariffs a little bit," Trump said Thursday. They put up, as you could call it, seed money. Let's call it seed money. He said 90 per cent of any profits from the money invested would go to the US even if Japan had put up the funds. It's not a loan or anything, it's a signing bonus, the Republican president said, on the trade framework that lowered his threatened tariff from 25 per cent to 15 per cent, including on autos. A White House official said the terms are being negotiated and nothing has been formalised in writing. The official, who insisted on anonymity to detail the terms of the talks, suggested the goal was for the $550 billion fund to make investments at Trump's direction. The sum is significant: It would represent more than 10 per cent of Japan's entire gross domestic product. The Japan External Trade Organisation estimates that direct investment into the US economy topped $780 billion in 2023. It is unclear the degree to which the $550 billion could represent new investment or flow into existing investment plans. What the trade framework announced Tuesday has achieved is a major talking point for the Trump administration. The president has claimed to have brought trillions of dollars in new investment into the US, though the impact of those commitments have yet to appear in the economic data for jobs, construction spending or manufacturing output. The framework also enabled Trump to say other countries are agreeing to have their goods taxed, even if some of the cost of those taxes are ultimately passed along to US consumers. On the $ 550 billion, Japan's Cabinet Office said it involves the credit facility of state-affiliated financial institutions, such as Japan Bank for International Cooperation. Further details would be decided based on the progress of the investment deals. Japanese trade negotiator Ryosei Akazawa, upon returning to Japan, did not discuss the terms of the $ 550 billion investment. Akazawa said he believes a written joint statement is necessary, at least on working levels, to avoid differences. He is not thinking about a legally binding trade pact. The US apparently released its version of the deal while Japanese officials were on their return flight home. If we find differences of understanding, we may have to point them out and say that's not what we discussed,' Akazawa said. The US administration said the fund would be invested in critical minerals, pharmaceuticals, computer chips and shipbuilding, among other industries. It has said Japan will also buy 100 airplanes from Boeing and rice from US farmers as part of the framework, which Treasury Secretary Scott Bessent said would be evaluated every three months. And if the president is unhappy, then they will boomerang back to the 25 per cent tariff rates, both on cars and the rest of their products. And I can tell you that I think at 25, especially in cars, the Japanese economy doesn't work, Bessent told Fox News' The Ingraham Angle. Akazawa denied that Bessent's quarterly review was part of the negotiations. In my past eight trips to the United States during which I held talks with the president and the ministers," Akazawa said. I have no recollection of discussing how we ensure the implementation of the latest agreement between Japan and the United States. He said it would cause major disruptions to the economy and administrative processes if the rates first rise to 25 per cent as scheduled on Aug 1 and then drop to 15 per cent. We definitely want to avoid that and I believe that is the understanding shared by the US side, he said. On buying US rice, Japanese officials have said they have no plans to raise the current 770,000-ton minimum access cap to import more from America. Agricultural Minister Shinjiro Koizumi said Japan will decide whether to increase US rice imports and that Japan is not committed to a fixed quota. Trump's commerce secretary, Howard Lutnick, has suggested that the Japanese agreement is putting pressure on other countries such as South Korea to strike deals with the US Trump, who is travelling in Scotland, plans to meet on Sundayv with European Commission President Ursula von der Leyen to discuss trade. Whatever Donald Trump wants to build, the Japanese will finance it for him, Lutnick said Thursday on CNBC. Pretty amazing. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
an hour ago
- Time of India
Pisces, Weekly Horoscope, July 27 to August 02, 2025: Guard against financial risks and arguments early in the week
Pisces, this week is marked by introspection, breakthroughs, and the need for self-care. The week opens with warnings: guard against sharing sensitive information, borrowing money, or engaging in unnecessary arguments. Health and emotional ups and downs may surface on Monday and Tuesday—seek support from your inner circle and stay grounded. As the week advances, the energy shifts toward romance, education, and personal empowerment. Wednesday and Thursday are ideal for deepening family bonds, making business decisions, and seeking help from trusted allies. By Friday, achievements in both work and personal life lift your spirits. The weekend's energy is mixed—manage tension in relationships carefully, and keep a flexible approach to any plans that change unexpectedly. Love and Relationship: Pisces, your love life moves through powerful cycles this week. Early days ask for patience and restraint—avoid arguments or overreacting to misunderstandings, especially with your partner or close friends. Singles may feel misunderstood, but this is a passing phase. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Japanese AI invention allows you to speak 68 languages instantly. The idea? Genius. Enence 2.0 Undo From midweek onwards, romance rekindles. Unmarried Pisceans might receive marriage proposals or reconnect with old flames. For couples, Friday and Saturday promise intimate moments, mutual support, and the chance to resolve lingering issues. However, the weekend brings fresh challenges—avoid debates, and instead focus on nurturing harmony and appreciation in your relationship. Remember: compassion and honest communication are your best tools. Education and Career: This week rewards hard work, especially for students and those pursuing new opportunities. Early days may feel tough—health or emotional distractions can hamper concentration, so prioritize a healthy routine. By Wednesday, focus returns, and with effort, academic or professional success follows. If you're seeking new business partnerships, proposals, or legal resolutions, this is a favorable time. Business owners and professionals can expect positive developments through family or in-laws. The weekend is best spent reviewing goals, planning future studies, or collaborating with others. Stay flexible and keep your ambitions realistic—perseverance brings results. Money and Finance: Finances for Pisces require careful stewardship this week. Early days advise against borrowing or lending money, and investments should be approached with caution. Midweek, the picture brightens: new offers, proposals, or family support can stabilize your financial base. Gains from legal matters or long-term investments are possible. Friday brings the potential for blocked funds to be released, providing relief and a sense of security. However, the weekend warns against impulsive spending or risky speculation. Save for the future, and consult trusted advisors before major purchases or commitments. Patience and practical planning will sustain your prosperity. Health and Well-being: Physical and mental well-being require your attention throughout the week. Early days may bring fatigue, minor ailments, or emotional tension—don't ignore warning signs, and seek rest as needed. Focus on gentle exercise, a balanced diet, and regular sleep. By midweek, your energy and optimism return, particularly as emotional burdens lift. Engaging in hobbies, spiritual practices, or time with loved ones will help maintain equilibrium. The weekend calls for balance—avoid conflict, and find peace through creative or relaxing pursuits. Listen to your intuition and nurture your mind, body, and soul. Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.
News18
2 hours ago
- News18
Belgian Grand Prix 2025: Lando Norris Claims Pole, McLaren Lock-Out Front Row
It was the fourth pole this year for Lando Norris and the 13th of his career. Lando Norris fended off increasing pressure from his McLaren teammate and series leader Oscar Piastri on Saturday to secure pole position for the Belgian Grand Prix. The 25-year-old Briton, whose mother Cisca is Belgian, put aside his struggles from Friday to achieve a best lap of one minute and 40.562 seconds, narrowly beating Australian Piastri by 0.085 seconds as McLaren secured a convincing front-row lock-out. This marked Norris's fourth pole position of the year and the 13th of his career. Charles Leclerc qualified third with a late improved lap, enabling him to surpass defending world champion Max Verstappen's best effort for Red Bull. Alex Albon was fifth for Williams, ahead of Mercedes' George Russell, Yuki Tsunoda in the second Red Bull, Racing Bulls' rookies Isack Hadjar and Liam Lawson, and Sauber's Gabriel Bortoleto. Seven-time world champion Lewis Hamilton did not make it out of the Q1 session for Ferrari and will start Sunday's 44-lap race from 16th on the grid. He will be alongside Mercedes' rookie Kimi Antonelli, who was 18th, and two-time champion Fernando Alonso, who will start 19th for Aston Martin. 'It was a decent lap and I'm happy," said Norris. 'Everyone was a bit worried after yesterday, but I wasn't that far off. There were just a few little issues we had. I was confident that I could get back to the top." Piastri, who had been faster than Norris in Friday's action, said: 'It's a bit disappointing. The second lap was coming together well and then I made a mistake into turn 14 and lost a lot of time. The car was very good again, but it's about fine margins." Leclerc expressed surprise at his time. 'I didn't expect it. We thought we were a lot more behind. We thought we had something more in the car with the upgrade, but it was a good lap. It takes time to maximise those upgrades." After a masterclass from Verstappen in the sprint race earlier, Red Bull opted to change his 'skinny' rear wing to a larger high-downforce version, anticipating heavy rain on Sunday at the Ardennes circuit. Norris found his pace to clock 1:41.010, six-tenths better than the Ferrari, followed by Piastri two-tenths down in second, with the McLaren duo showcasing their intent under grey skies before a frantic finale. Hamilton found a late survival lap which was promptly deleted for exceeding track limits. That left Gabriel Bortoleto 15th for Sauber and eliminated the Ferrari driver along with Alpine's Franco Colapinto, Mercedes' rookie Antonelli, who replaced Hamilton, and the two Aston Martins of Alonso and Lance Stroll. Q2 began with everyone on softs and Verstappen fastest, trimming Norris's time, before Piastri and Norris took over for the opening runs. The Dutchman chose not to run again, leaving the usual suspects a clear run to the top-ten shootout while the Haas pair Esteban Ocon and Oliver Bearman exited along with Alpine's Pierre Gasly, Hulkenberg, and Sainz. Russell, who was stripped of victory last year due to an underweight car, was first out for Q3, but Verstappen once again topped the times before the McLarens showcased their strength, with Norris beating Piastri by 0.189 on their first runs. Verstappen's final run on fresh softs was not enough to resist an improved lap from Leclerc. Piastri also failed to improve, leaving Norris to claim pole position. 'Oh my god, that was really, really bad," said Verstappen, as a rise in track temperature beyond 40 degrees hampered his performance. view comments First Published: News sports Belgian Grand Prix 2025: Lando Norris Claims Pole, McLaren Lock-Out Front Row Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
