UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
Michael Kugelman from the U.S.-based Wilson Center says other issues take precedence in the bilateral dialogue between the United States and Pakistan — namely, Afghanistan and...Asia Politicsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
New Zealand's premier admonished him for remarks "not helpful" in a "very tense" environment. Australia's prime minister said "maximum economic pressure" was the only way to deal with North Korea. In Japan, where Nagasaki was marking the 72nd anniversary of the U.S. atomic bombing of the city, Mayor Tomihisa Taue said anxiety was spreading "that in the not too distant future these weapons could be used again."
A day after President Trump vowed to respond to North Korea "with fire and fury" if Pyongyang continued to threaten the U.S militarily, many world leaders have yet to weigh in on Trump's comments. However, those that have appear to view the president's rhetoric as more likely to escalate the situation than to settle it.
"Everyone wants to avoid military confrontation, and the path ahead there is for North Korea to comply with UN sanctions and for international pressure to push them in that direction," New Zealand's leader Bill English told his country's media Wednesday.
More from USA Today:
Guam reacts to North Korea nuclear threat with faith in US military
North Korea threatens missile strike on Guam; Trump vows 'fire and fury'
North Korea, U.S.: 13 days of increasing tension
In Australia, Prime Minister Malcolm Turnbull also expressed concern with Trump's use of language. "A conflict would be shattering. It would have catastrophic consequences. We all understand that," he said. "The global community, led by the (UN) security council, including China and Russia, are all united in seeking to bring the maximum economic pressure on North Korea to bring them to their senses without conflict."
In Japan, Taue used a speech to commemorate those killed by the world's first atomic bombing — 140,000 people died in Hiroshima on Aug. 6, 1945, and 70,000 more in Nagasaki three days later — to urge world leaders to abandon nuclear weapons.
His comments appeared to be aimed just as much at Trump and North Korea's leader Kim Jong Un as at Japanese Prime Minister Shinzo Abe's government for what Taue said were empty promises about working to achieve a nuclear-free world.
"The nuclear threat will not end as long as nations continue to claim that nuclear weapons are essential for their national security," he said.
Trump's "fire and fury" comments came after a Washington Post story Monday, citing U.S. intelligence officials and a confidential Defense Intelligence Agency report, that said North Korea may have mastered a technological hurdle needed to strike the U.S. with a nuclear missile. That was swiftly followed early Wednesday by a statement from North Korea's army that said it was studying a plan to strike the U.S. Pacific Island territory of Guam with medium- to long-range ballistic missiles.