APEC drives regional growth through trade liberalisation and economic integration among 21 economies.
The Guardian, The Japan Times, AP News, and others report Beijing’s export controls on dual-use items target Japanese firms as Tokyo expands its defense posture. Detentions of Japanese nationals in China over alleged rare-earths-related export violations are intensifying the diplomatic row. The moves come after Japanese comments on Taiwan and potential military action raised Beijing’s alarm.
APEC discussions have highlighted a widening gap between the US and China on trade, even as Beijing’s commitments to Boeing orders and US agricultural purchases signal ongoing economic ties. APEC ministers are urging faster implementation of agreed outcomes, with potential shifts as Xi and Trump are expected to meet later this year.
Samsung and SK Hynix report record profits as AI-driven demand for memory chips tightens supply. U.S. listings and Asia’s memory makers drive a global rally, with analysts warning that new capacity may outpace demand.
This year’s class of “Great Immigrants, Great Americans” includes Citi CEO Jane Fraser, Pulitzer Prize-winning authors Hernan Diaz and Cristina Rivera Garza, and fashion designer Gabriela Hearst. The newly renamed Andrew Carnegie…