

ISTANBUL, Jun 27 (AA/APP): The UK’s car production plunged for the fifth consecutive month to the lowest level since 1949 in May due to the impact of the US tariffs, according to data by the Society of Motor Manufacturers and Traders (SMMT) on Friday.
The new car and commercial vehicle production volumes fell by 32.8% year-on-year to 49,810 units in May.
“Excluding 2020, when Covid lockdowns saw factories shuttered or running at greatly reduced capacity, it was the lowest performance for the month since 1949,” a statement from the SMMT said.
The decline was due to ongoing model changeovers, restructuring, and the impact of US tariffs.
Last month, shipments to the US and the EU, the UK’s two biggest markets, decreased 55.4% and 22.5% year-on-year, respectively.
“Confirmed trade deals with crucial markets, especially the US and a more positive relationship with the EU, as well as government strategies on industry and trade that recognize the critical role the sector plays in driving economic growth, should help recovery,” said SMMT CEO Mike Hawes.
“With rapid implementation, particularly on the energy costs constraining our competitiveness, the UK can deliver the jobs, growth and decarbonization that is desperately needed,” he added.
In April, US President Donald Trump imposed a 25% tariff on all US imports of cars and car parts.
However, Trump signed an executive order in May lowering the duty that US-based companies pay on British autos to 10% for the first 100,000 cars imported annually.
SEOUL, Jun 27 (Yonhap/APP): President Lee Jae Myung’s public approval rating rose above 60 percent, just about three weeks into his term in office, a poll showed Friday.
In the Gallup Korea survey of 1,004 adults conducted between Tuesday and Thursday, 64 percent of the respondents said Lee was doing a good job, while 21 percent said he was doing poorly and the remaining 15 percent were undecided.
This is the first Gallup poll on Lee’s approval rating.
Compared with the initial approval ratings of former presidents, Lee’s approval rating was higher than former President Yoon Suk Yeol with 52 percent and former President Park Geun-hye with 44 percent, but lower than former President Moon Jae-in with 84 percent.
The approval rating for the ruling Democratic Party fell to 43 percent, down 3 percentage points from the previous survey, while support for the main opposition People Power Party rose 2 percentage points to 23 percent.
The survey had a margin of error of plus or minus 3.1 percentage points at a 95 percent confidence level.
ISLAMABAD, Jun 27 (APP): In a significant step towards deepening economic cooperation between Pakistan and Uzbekistan, an 18-member high-level delegation of Uzbek businessmen led by Bakhrom Yusupov, Commercial Attaché, visited the Islamabad Chamber of Commerce and Industry (ICCI) on Friday.
The visit was organized in collaboration with the Prime Minister’s Youth Program (PMYP) and featured focused B2B meetings aimed at boosting trade and industrial linkages between the two countries, said a press release.
Welcoming the delegation, ICCI President Nasir Mansoor Qureshi emphasized the strong commitment of both nations to expand their trade, enhance connectivity and promote people-to-people linkages. He appreciated Uzbekistan’s rapidly growing economy and underscored the need to elevate bilateral trade to the $2 billion mark.
Bakhrom Yusupov highlighted the deep cultural, religious, and historical bonds between Pakistan and Uzbekistan, urging both sides to expand cooperation in agriculture, energy, pharmaceuticals, leather, textiles, food processing, and the digital economy.
He invited Pakistani businesses to tap into Uzbekistan’s emerging markets and investment-friendly climate.
Representing the Prime Minister’s Youth Program, Focal Persons Malik Rauf Awan and Dr Rana Khalid Mehmood pledged full support of the government to foster industrial and entrepreneurial collaboration, particularly among youth in both countries.
Tokyo, Jun 27 (Kyodo/APP): Private sector imports of tariffed rice to Japan in May were 3.5 times the total volume brought in during all of fiscal 2024, revised government trade data showed Friday, as soaring prices of domestic rice have spurred demand for cheaper alternatives.
According to the Finance Ministry’s trade statistics, revised from a preliminary report issued earlier this month, 10,605 tons of tariffed rice were imported in May, a sharp increase from 115 tons in the same period last year. The United States, which accounted for 7,894 tons, was the largest source, followed by Taiwan, Thailand, and Vietnam.
Prices of domestic rice have continued to surge due in part to a supply shortage, with an auction system initially employed by the government to release its stockpiles blamed for further inflating prices.
Yasufumi Miwa, an expert on agriculture at the Japan Research Institute, noted that private imports may soon decline as the government has been selling stockpiled rice via direct contracts with retailers since late May, helping to ease prices.
But Miwa warned that they may rise again if the price of newly harvested rice stays in the range of 4,000 yen ($28) per 5 kilograms.
Japan currently imports 770,000 tons of rice annually tariff-free under its minimum access commitment based on World Trade Organization rules. Of that, up to 100,000 tons is used for human consumption.
As the recent surge in rice imports falls outside this quota, they are subject to a tariff of 341 yen per kg.
SHARJAH, Jun 27 (WAM/APP): Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) operator, inaugurated its new route to the Russian city of Sochi with a frequency six weekly flights.
The new service marks the sixth Russian city to be served directly from Sharjah, alongside Moscow, Kazan, Samara, Ufa, and Yekaterinburg, further expanding Air Arabia’s network in the country.
Commenting on the launch, Adel Al Ali, Group Chief Executive Officer of Air Arabia, said, “We are glad to inaugurate our non-stop flights to Sochi, further strengthening our connectivity with Russia. This expansion not only provides our customers with a convenient and affordable air travel option between the UAE and Russia but also further strengthening tourism and trade ties between both nations. Sochi complements our growing network in the country and reflects our ongoing commitment to offering more travel opportunities to our customers.”
“Today, Sochi is actively developing as an international hub, attracting more and more foreign tourists and offering extensive travel opportunities for Russian citizens. The United Arab Emirates ranks among the top destinations served by the airport. The Emirate of Sharjah will become the third city in the UAE connected to Sochi Airport’s route network, once again confirming the growth and strengthening of ties between our countries. Thanks to Air Arabia’s wide route network, travelers will benefit from convenient connections to destinations across the Middle East, Asia, and Africa, significantly expanding their international travel options,” Alexey Starostin, CEO Aerod, managing company of Sochi airport.
With the addition of Sochi to its network, Air Arabia now serves Russia from three airports in the UAE, including Sharjah, Abu Dhabi and Ras Al Khaimah. This expansion highlights the airline’s ongoing commitment to enhancing connectivity between the United Arab Emirates and Russia, while promoting tourism, trade and cultural exchange between the two countries.
BEIJING, Jun 27 (BRNN/APP): Chinese Foreign Minister Wang Yi held talks with Armenian Minister of Foreign Affairs Ararat Mirzoyan in Beijing on Thursday.
Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said that China and Armenia have always respected and trusted each other, and that China is willing to work with Armenia to carry forward their friendship, consolidate mutual trust, deepen cooperation, contribute to the development and rejuvenation of the two countries, and create more benefits for their peoples.
Wang said China is willing to work with all countries, including Armenia, to practice true multilateralism and safeguard the international system with the United Nations at its core, as well as the international order based on international law. China is also ready to promote the implementation of the three major global initiatives, and jointly build a community with a shared future for all.
China will, as always, support Armenia in safeguarding its national sovereignty and independence, and in forging a path that is supported by its people and in line with its national conditions, he said, adding that China appreciates Armenia’s adherence to the one-China principle and its firm support for China’s position on issues concerning its core interests.
Mirzoyan said that Armenia will continue to follow the one-China policy and support China in safeguarding its core interests, and is willing to deepen cooperation with China in such fields as connectivity, economy and trade. Armenia is also ready to strengthen coordination with China on international and regional affairs, and to establish a more stable, friendly and strategic partnership between the two countries.
The two sides also exchanged views on deepening cooperation within the framework of the Shanghai Cooperation Organization and on issues related to the Israel-Iran conflict.