IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Afghan Suspect in Deadly Shooting of National Guard Members Faces First-Degree Murder Charge 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
States Sue Trump Administration Over SNAP Restrictions for Legal Immigrants 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Singapore Court Allows $2.7 Billion 1MDB Lawsuit Against Standard Chartered to Proceed 
Yellow Corp Reaches Major Settlement With Pension Plans Amid Ongoing Bankruptcy Case 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Brazil’s Supreme Court Orders Jair Bolsonaro to Begin 27-Year Prison Term 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Visa to Move European Headquarters to London’s Canary Wharf 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Nippon Steel Corp. sued Toyota Motor Corp. and Baoshan Iron & Steel Co. (Baosteel) for $352 million in damages for patent infringement at a Tokyo District Court.
According to Nippon Steel, it is seeking $176 million in damages from each of the two firms that infringed their patents on non-oriented magnetic steel sheets used in electric vehicles.
Nippon Steel, Japan's biggest and the world's fifth-largest steelmaker by output, took legal action after failing to resolve with both firms.
Toyota described the lawsuit as "very regrettable" and said there were no patent infringement issues before it signed a supply deal with Nippon Steel.
Baosteel vowed to "firmly" defend its rights and interests as it did not agree with Nippon Steel's claims.
Nippon Steel also filed a petition for a preliminary injunction prohibiting Toyota from manufacturing and selling vehicles that use its patented electrical steel sheets.
A Nippon Steel spokesperson noted that the electrical steel sheets are indispensable for automobile electrification. It is also among their key products that help achieve decarbonization for cars, electrical products, and power plants.
It was Nippon Steel's first patent infringement lawsuit against Toyota.
