Japanese Bonds, Stocks Vulnerable as Unpopular Ishiba Holds On
The outlook for stocks remains clouded by tariffs and the yen faces downside risks from the prospect of more government spending.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
China calls for global 'consensus' on AI regulation
Chinese Premier Li Qiang on Saturday urged the international community to build a global consensus on artificial intelligence (AI) governance, highlighting security risks amid the raging tech race between Beijing and Washington. Speaking at the opening of the World Artificial Intelligence Conference (WAIC) in Shanghai, Li said it is prudent to look at "how to find a balance between development and security [which] urgently requires further consensus from the entire society." Li also announced the creation of a Chinese-led body to promote global AI cooperation and open-source development to keep AI from becoming "the preserve of a few countries and a few enterprises." What is the tech rivalry between the US and China? The three-day WAIC event comes amid intensifying US-China competition in advanced AI technology. Just days before, US President Donald Trump announced the slashing of AI regulations to maintain the US' dominance in the field even as Washington continues to restrict exports of high-end chips to China, citing national security concerns. These restrictions are forcing Chinese companies to look for alternatives, with startup DeepSeek introducing an AI model in January that matched the performance of leading US systems, despite working on less advanced chips. Li, without naming the US, criticized monopolistic control and called for open access to AI technologies, warning of insufficient supply of AI chips and restrictions on talent exchange otherwise. "Only by adhering to openness, sharing and fairness in access to intelligence can more countries and groups benefit from (AI)," he said. 'AI a test of international cooperation' At the WAIC opening ceremony, UN Secretary-General Antonio Guterres said in a video message that AI regulation would be "a defining test of international cooperation." More than 800 companies are participating in this year's WAIC, showcasing over 3,000 tech innovations. While Chinese firms like Huawei and Alibaba are the main entrants, international firms including US-based companies Tesla, Alphabet, and Amazon are also present. Edited by: Saim Dušan Inayatullah
Yahoo
20 minutes ago
- Yahoo
Cambodia calls for ceasefire with Thailand after deadly clashes
Cambodia wants an "immediate ceasefire" with Thailand, the country's envoy to the United Nations said Friday, after the neighbors traded deadly strikes for a second day, with Bangkok also signaling an openness to talks. A long-running border dispute erupted into intense fighting with jets, artillery, tanks and ground troops on Thursday, prompting the UN Security Council to hold an emergency meeting on the crisis Friday. "Cambodia asked for an immediate ceasefire -- unconditionally -- and we also call for the peaceful solution of the dispute," said Phnom Penh's UN ambassador Chhea Keo following a closed meeting of the Council attended by Cambodia and Thailand. A steady thump of artillery strikes could be heard from the Cambodian side of the border Friday, where the province of Oddar Meanchey reported one civilian -- a 70-year-old man -- had been killed and five more wounded. More than 138,000 people have been evacuated from Thailand's border regions, its health ministry said, reporting 15 fatalities -- 14 civilians and a soldier -- with a further 46 wounded, including 15 troops. Fighting resumed in three areas around 4 am on Friday (2100 GMT Thursday), the Thai army said, with Cambodian forces firing heavy weapons, field artillery, and BM-21 rocket systems, and Thai troops responding "with appropriate supporting fire." Thai Foreign Ministry Spokesman Nikorndej Balankura told AFP that fighting had begun to ease off by Friday afternoon, however, adding that Bangkok was open to talks, possibly aided by Malaysia. "We are ready, if Cambodia would like to settle this matter via diplomatic channels, bilaterally, or even through Malaysia, we are ready to do that. But so far we have not had any response," Nikorndej told AFP, speaking before the UN meeting had been held. Malaysia currently holds the chair of the Association of Southeast Asian Nations (ASEAN) regional bloc, of which Thailand and Cambodia are both members. Earlier, acting Thai Prime Minister Phumtham Wechayachai had warned that if the situation escalated, "it could develop into war." "For now, it remains limited to clashes," he told reporters in Bangkok. - Ongoing dispute - Both sides blamed each other for firing first, while Thailand accused Cambodia of targeting civilian infrastructure, including a hospital hit by shells and a petrol station hit by at least one rocket. At the UN, Cambodia's envoy questioned Thailand's assertion that his country, which is smaller and less militarily developed than its neighbor, had initiated the conflict. "(The Security Council) called for both parties to (show) maximum restraint and resort to a diplomatic solution. That is what we are calling for as well," said Chhea Keo. None of the other attendees of the UNSC meeting spoke to reporters. The fighting marks a dramatic escalation in a long-running dispute between the neighbors -- both popular destinations for millions of foreign tourists -- over their shared 800-kilometer (500-mile) border. Dozens of kilometers in several areas are contested and fighting broke out between 2008 and 2011, leaving at least 28 people dead and tens of thousands displaced. A UN court ruling in 2013 settled the matter for over a decade, but the current crisis erupted in May when a Cambodian soldier was killed in a new clash. - 'We are scared' - Fighting on Thursday was focused on six locations, according to the Thai army, including around two ancient temples. Ground troops backed up by tanks battled for control of territory, while Cambodia fired rockets and shells into Thailand and the Thais scrambled F-16 jets to hit military targets across the border. In the Cambodian town of Samraong, 20 kilometers (12 miles) from the border, AFP journalists saw families speeding away in vehicles with their children and belongings as gunfire erupted. "I live very close to the border. We are scared," Pro Bak, 41, told AFP. He was taking his wife and children to a Buddhist temple to seek refuge. abd-gw-aha/aks
News24
an hour ago
- News24
Death toll rises in Thai-Cambodian clashes despite ceasefire call
Thailand and Cambodia clashed for a third day on Saturday, as the death toll from their bloodiest fighting in years rose to 33 and Phnom Penh called for an "immediate ceasefire". A long-running border dispute erupted into intense conflict involving jets, artillery, tanks and ground troops on Thursday, prompting the UN Security Council to hold an emergency meeting on the crisis Friday. Cambodia's defence ministry said 13 people were now confirmed killed in the fighting, including eight civilians and five soldiers, with 71 people wounded. In Thailand, the army said five soldiers were killed on Friday, taking the toll there to 20 - 14 civilians and six military. The death toll across the two countries is now higher than the 28 killed in the last major round of fighting between 2008 and 2011. Both sides reported a clash around 5:00, with Cambodia accusing Thai forces of firing "five heavy artillery shells" into locations in Pursat province, which borders Thailand's Trat province. The fighting has forced more than 138 000 people to be evacuated from Thailand's border regions, with more than 35 000 driven from their homes in Cambodia. After the closed meeting of the Security Council in New York, Cambodia's UN ambassador Chhea Keo said his country wanted a ceasefire. "Cambodia asked for an immediate ceasefire - unconditionally - and we also call for the peaceful solution of the dispute," he told reporters. Border row Thai Foreign Ministry spokesman Nikorndej Balankura said Friday, before the UN meeting was held, that Bangkok was open to talks, possibly aided by Malaysia. "We are ready, if Cambodia would like to settle this matter via diplomatic channels, bilaterally, or even through Malaysia, we are ready to do that. But so far we have not had any response," Nikorndej told AFP. Malaysia currently holds the chair of the Association of Southeast Asian Nations regional bloc, of which Thailand and Cambodia are both members. Acting Thai Prime Minister Phumtham Wechayachai has warned that if the situation escalates, "it could develop into war." Both sides blamed each other for firing first, while Thailand accused Cambodia of targeting civilian infrastructure, including a hospital hit by shells and a petrol station hit by at least one rocket. AFP Cambodia has accused Thai forces of using cluster munitions. At the UN, Cambodia's envoy questioned Thailand's assertion that his country, which is smaller and less militarily developed than its neighbour, had initiated the conflict. "(The Security Council) called for both parties to (show) maximum restraint and resort to a diplomatic solution. That is what we are calling for as well," said Chhea Keo. The fighting marks a dramatic escalation in a long-running dispute between the neighbours - both popular destinations for millions of foreign tourists - over their shared 800-kilometre border. Dozens of kilometres in several areas are contested and fighting broke out between 2008 and 2011, leaving at least 28 people dead and tens of thousands displaced. A UN court ruling in 2013 settled the matter for over a decade, but the current crisis erupted in May when a Cambodian soldier was killed in a new clash.
