Latest news with #turmoil
South China Morning Post
3 days ago
- Business
- South China Morning Post
Ishiba's last stand? Japan's LDP in turmoil as Sanseito surge erodes PM's grip on power
With his grasp on power slipping, Japan 's Prime Minister Shigeru Ishiba has vowed to remain in office despite a stinging electoral rebuke that plunged his ruling coalition into fresh turmoil. The humiliating setback, confirmed late on Sunday , has fuelled doubts about Ishiba's leadership as rivals within his Liberal Democratic Party (LDP) circle and stoked anxiety in the world's fourth-largest economy , already reeling from rising prices, mounting security threats and the disruptive effects of US President Donald Trump 's aggressive tariff regime. In a sombre appearance on public broadcaster NHK two hours after polls closed on Sunday, Ishiba 'solemnly' conceded the 'harsh result'. 'It is a difficult situation that must be taken very humbly and seriously,' he said. Pressed on he intended to continue as Japan's leader, he replied: 'That's right'. But Ishiba's leadership of the party and the country appears increasingly precarious. Signs of discontent have flared within the LDP since the vote, with former economic security minister Sanae Takaichi openly signalling her readiness to challenge the prime minister. Addressing supporters in Nara prefecture on Friday, Takaichi declared the party was 'under scrutiny' and warned it might require drastic change to resurrect its fortunes. Sanae Takaichi speaks before an LDP run-off election in September last year. The ex-economic security minister has been positioning herself as a possible successor to Ishiba. Photo: AP 'I have made up my mind in my own way,' Jiji Press quoted her as saying. 'I will once again firmly reset the party's backbone. I promise to fight for that.'
NHK
26-06-2025
- Business
- NHK
Global oil prices stabilize, but plenty of risks remain
Global oil prices have been on a roller-coaster ride due to Middle East turmoil. Ongoing political and economic uncertainties mean that many risks remain.
News.com.au
18-06-2025
- Business
- News.com.au
How the Israel-Iran war affects oil prices
As turmoil in the Middle East escalates, supply risks have sparked significant fluctuations in oil prices. Commodities expert Adam Rozencwajg offers insights on what might lie ahead for this market segment.
Bloomberg
14-06-2025
- Politics
- Bloomberg
Why Fico Sees Uzbekistan as a Model for Europe
Welcome to the weekend issue of Brussels Edition, Bloomberg's daily briefing on what matters most in the heart of the European Union. Join us on Saturdays for deeper dives from our bureaus across Europe. BRATISLAVA — Slovakia's prime minister has some advice for fellow EU leaders striving to navigate the current turmoil: Politics is overrated.
Bloomberg
05-06-2025
- Politics
- Bloomberg
Whose Side Is the US On? Doubts Strain Alliances
Winston Churchill told a story of an 1895 encounter, as a young cavalry officer, with the statesman William Harcourt. After some discussion of great issues, Churchill asked eagerly: 'What will happen then?' Harcourt replied, with Victorian complacency: 'My dear Winston, the experiences of a long life have convinced me that nothing ever happens.' Few people 130 years later could succumb to any similar delusion in a world that seems to have consigned itself to perpetual turmoil. Most recently, Poland has frightened European capitals by electing a right-wing, anti-European Union president. The British government published a long-awaited strategic defense review, which proposes rearmament to bring about 'war-fighting readiness,' according to Prime Minister Keir Starmer, as Ukraine launched stunning drone strikes against five bomber bases deep inside Russia.
