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June 2026

Japan Hikes Rates to 1%, Highest Since 1995

Tokyo: The Bank of Japan raised its benchmark interest rate by 25 basis points to 1% on Tuesday, marking the highest level in more than three decades as policymakers stepped up efforts to contain inflation and support the weakening yen.

According to…

EU Auto Quota Plan Draws Concern Over Trkiye-EU Supply Chains

Brussels: Leading European auto firms Volkswagen, Renault, and Stellantis urged the EU to implement new ‘Made in Europe’ criteria requiring at least 70% of a vehicle’s value to be generated within member states in a bid to shield the industrial base f…