ETF

The ruling Liberal Democratic Party in Japan lost six out of eight constituencies in the Tokyo metropolitan assembly by-elections. The results, which occurred concurrently with the Tokyo governor election, are seen as a setback for the LDP and are raising concerns about their prospects in the upcoming Lower House election.

Nippon Steel Corp. has appointed Mike Pompeo, the former U.S. Secretary of State in the Trump administration, as an adviser to assist in finalizing the proposed acquisition of U.S. Steel Corp. This move has stirred controversy as it has become a topic in the U.S. presidential election due to differing opinions within the steel industry and the political landscape.

Kamala Harris has secured the Democratic nomination for the 2024 presidential race, taking a marginal lead over Republican rival Donald Trump in her first campaign rally since replacing President Joe Biden. Harris' campaign focuses on liberal priorities such as expanding abortion access and addressing gun violence.

The LDP's losses in the Tokyo assembly by-elections have sent shockwaves through the party, raising serious concerns about their ability to maintain their grip on power in the upcoming Lower House election. The party's performance has been marred by a series of scandals and controversies, including the ongoing political funding investigation involving senior LDP figures.

Byju's, an Indian education-tech company, is embroiled in a legal battle with lenders over $1.2 billion in debt, with the central issue being $533 million allegedly moved out of the US by the company's founder's brother. Lawyers representing Byju's have sought to withdraw from the case, citing a breakdown in communication and accusations of deceit.