【ロンドン共同】
34年ぶりとなる大相撲のロンドン公演（15～19日）に向けて、横綱・豊昇龍や小結・高安ら力士一行が、10月12日にロンドンのヒースロー空港に到着しました。
空港では現地のファンが熱烈に出迎え、豊昇龍は「こんなに大きな歓声を受けるとは思わず、びっくりしました」と驚きの表情を見せました。
今回のロンドン公演は、1980年代以来34年ぶりの開催となり、日本のみならず、イギリスの相撲ファンの間でも大きな注目を集めています。豊昇龍や高安をはじめとした力士たちの活躍が期待されており、現地でも盛り上がりを見せています。
公演は10月15日から19日までロンドン市内で行われる予定です。
https://www.nishinippon.co.jp/item/1410653/
社会ニュース
万博会場は閉幕後に解体、跡地に「国際観光拠点」計画
2025年10月13日 6:00
※この記事は有料会員限定です。
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大阪市・夢洲にある大阪・関西万博会場は、閉幕後にほとんどの建築物が解体され、更地に戻される予定です。
大阪府と大阪市は跡地にエンターテインメント空間を整備する方針で、サーキットやウォーターパークの設置案が検討されています。
これにより、夢洲が国際的な観光拠点としての役割を果たすことが期待されています。
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▼関連記事
▶ 大阪・関西万博、13日閉幕へ 来場者、半年で2500万人
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※7日間無料トライアルあり。1日37円で読み放題。年払いでさらにお得。
https://www.nishinippon.co.jp/item/1410623/
**China Stands Firm Against Trump’s 100 Percent Tariff Threat, Urges Negotiations**
*BEIJING –* China signaled on Sunday that it will not back down in response to President Donald Trump’s threat of imposing a 100 percent tariff on imports from China. The Chinese Commerce Ministry urged the US to resolve differences through negotiation rather than threats.
“China’s stance is consistent,” the Commerce Ministry said in a statement posted online. “We do not want a tariff war but we are not afraid of one.”
The statement came just two days after President Trump threatened to raise tariffs on Chinese imports by November 1. This threat was a reaction to China’s new restrictions on the export of rare earth minerals — key components used in numerous consumer and military products.
### Tensions Threaten US-China Meeting and Trade Truce
The escalating tensions risk undermining a potential meeting between President Trump and Chinese leader Xi Jinping, potentially ending a trade truce that saw tariffs on both sides briefly top 100 percent in April.
Throughout the year, Trump has increased import taxes on goods from multiple US trading partners with the aim of securing trade concessions. China, however, has remained resilient, relying on its significant economic clout.
“Frequently resorting to the threat of high tariffs is not the correct way to get along with China,” the Commerce Ministry emphasized in its online post, presented as responses from an unnamed spokesperson to media inquiries. The statement called for resolving concerns through dialogue.
“If the US side obstinately insists on its practice, China will be sure to resolutely take corresponding measures to safeguard its legitimate rights and interests,” the post warned.
### Rare Earths: A Critical Point of Contention
Both China and the US accuse each other of violating the spirit of their truce by imposing new trade restrictions. President Trump has accused China of becoming “very hostile” and accused it of “holding the world captive” by restricting access to rare earth metals and magnets.
China recently implemented regulations requiring foreign companies to obtain special approval to export products containing even trace amounts of rare earth elements sourced from China. These critical minerals are essential for a wide range of products, including jet engines, radar systems, electric vehicles, laptops, and smartphones.
China currently accounts for nearly 70 percent of the world’s rare earth mining and controls approximately 90 percent of global rare earth processing, making access to these materials a key issue in ongoing trade negotiations between Washington and Beijing.
The Commerce Ministry clarified that export licenses would be issued for legitimate civilian uses but noted that these minerals also have military applications.
### Retaliation and Ongoing Disputes
The Ministry also accused the US of introducing new restrictions in recent weeks. These include expanding the list of Chinese companies subject to US export controls and moving forward with new port fees on Chinese ships, set to take effect on Tuesday.
In response, China announced on Friday that it would impose corresponding port fees on American ships.
The escalating tit-for-tat measures underscore the fragile state of US-China trade relations as both countries continue to assert their economic and strategic interests.
*AFP*
https://kashmirreader.com/2025/10/13/china-vows-to-stand-firm-against-trumps-100-tariff-threat/
**Why India’s Largest Oil Producer Has a Lower Market Cap Than Zomato**
*By Dwaipayan Roy | Oct 12, 2025, 06:21 PM*
India’s biggest oil and gas producer, Oil and Natural Gas Corporation (ONGC), is currently perceived as undervalued by the market. Despite boasting a market capitalization of around ₹3.1 lakh crore, ONGC trails behind companies like food delivery giant Zomato in terms of market value.
### Understanding the Market Discrepancy
One of the main reasons for this disparity is that over one-third of ONGC’s market capitalization comes from its stakes in subsidiaries and minority investments, which the market has not fully factored in.
### Market Cap Growth Comparison
Looking back over the last 13 years, ONGC’s market capitalization has grown by only about 26%. This growth is modest compared to other major Indian companies. For example:
– **Reliance Industries**: Its valuation surged from ₹2.43 lakh crore in July 2012 to ₹18.7 lakh crore today.
– **Tata Consultancy Services (TCS)**: Grew from ₹2.42 lakh crore in 2012 to ₹10.95 lakh crore now.
### ONGC’s Diverse Portfolio
ONGC holds significant stakes in various subsidiaries and minority investments, including:
– **Mangalore Refinery and Petrochemicals Limited (MRPL)**: 71.63% stake valued at over ₹18,000 crore.
– **Hindustan Petroleum Corporation Ltd (HPCL)**: 54.9% stake worth approximately ₹52,770 crore.
Alongside these, ONGC also has minority stakes in:
– **Indian Oil Corporation**: 14.20% stake valued at around ₹31,000 crore.
– **GAIL (India) Ltd**: 5% stake worth about ₹5,900 crore.
The total value of ONGC’s stakes in subsidiaries and minority investments exceeds ₹1.07 lakh crore, which is more than a third of its current market capitalization.
### The Minister’s Take on PSU Valuations
Oil Minister Hardeep Singh Puri recently expressed concern about the undervaluation of state-owned oil public sector undertakings (PSUs). He highlighted a “perception bias” among investors that undervalues these profitable and economically significant entities.
The Minister underscored the robust performance of oil marketing companies, noting that Indian Oil, Bharat Petroleum, and Hindustan Petroleum together generated a combined profit of ₹2.5 lakh crore over the past six years.
### Conclusion
While ONGC remains India’s largest oil and gas producer with a strong asset base and profitable subsidiaries, the market continues to undervalue its true worth. This disparity underscores investor perception challenges faced by public sector enterprises compared to fast-growing private sector companies like Zomato.
https://www.newsbytesapp.com/news/business/ongc-s-market-cap-growth-lags-behind-peers/story
くらし
惜しむ万博閉幕、寄せる人波 雨の中「駆け込み」で楽しむ
2025/10/12 18:39 （2025/10/12 18:41 更新）
[有料会員限定記事]
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大阪・関西万博は12日、閉幕まであと1日となり、入場ゲートには名残を惜しむ人の波が続々と押し寄せました。
一時雨脚が強まり、会場シンボル「大屋根リング」の下はすれ違うのも難しいほど混雑しました。来場者からは「寂しい」という声が聞かれました。
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※この記事は有料会員限定です。
残り485文字
7日間無料トライアル、1日37円で読み放題。年払いならさらにお得です。
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**Why India’s Electric Truck Makers Are Struggling to Go Local**
*By Dwaipayan Roy | Oct 12, 2025, 05:21 PM*
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India’s electric truck industry is facing significant challenges in meeting the government’s localization demands. Despite efforts by leading manufacturers like Tata Motors and Ashok Leyland to produce local components and promote green logistics, they have struggled to pass the required localization tests. This slowdown is further compounded by the low market demand for electric trucks.
### Government Localization Push
The Indian government has been actively pushing e-truck manufacturers to comply with an ambitious localization plan. Recent consultations between the Union Heavy Industries Ministry and key industry players—including Tata Motors, Ashok Leyland, Volvo Eicher Commercial Vehicles, and Murugappa Group’s IPLTech—highlight the government’s focus on this initiative.
Under the *phased manufacturing program* (PMP), introduced in July as part of the ₹10,900 crore PM E-Drive scheme, manufacturers face strict deadlines for localizing components that are currently imported, mainly from China.
### What Is the Phased Manufacturing Program?
The PMP mandates that specific e-truck components—such as HVAC systems, electric compressors for brakes, charging inlets for standard EV chargers, battery management systems, vehicle control units, and traction motors—must be progressively manufactured domestically. The initial cut-off date for importing most of these parts was September 1, 2025.
### Policy Adjustments Amid Supply Challenges
Due to disruptions in the supply of rare earth magnets from China, the government has recently relaxed its rules. It now permits manufacturers to import traction motors that incorporate these magnets from Chinese suppliers. Additionally, the PM E-Drive scheme for e-trucks and e-buses has been extended by two years to FY28, reflecting underutilization of allocated funds for these vehicle segments.
### Testing Delays and Localization Bottlenecks
Despite the government’s push, no e-truck model has successfully passed the localization test over two months since the guidelines came into effect. This delay indicates a slow transition toward using locally sourced parts. Authorities have urged manufacturers to accelerate the localization process to clearly demonstrate which components in e-trucks and e-buses are made in India.
### Growth in Local Production
Encouragingly, several Indian auto component makers have begun ramping up local production of critical parts. Companies like Sona Comstar and Toyota Kirloskar Auto Parts Ltd are now manufacturing traction motors and trans-axles domestically. These efforts align with the government’s ₹25,938 crore production-linked incentive (PLI) scheme for automobiles and auto parts, which requires at least 50% of spare parts and raw materials to be sourced within India.
### Market Hurdles and Cost Concerns
E-truck manufacturers cite uncertainty in market demand as a key reason for the slow adoption of local components. However, the government notes that sectors such as ports, steel, and cement are keen to adopt green logistics solutions, indicating potential for growth.
Another significant challenge is the cost. Transitioning from diesel trucks to electric models is expensive for businesses, as electric trucks currently cost between 20% and 50% more than their diesel counterparts. This price gap poses a hurdle for faster adoption across industries.
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India’s electric truck sector stands at a critical juncture where government policies, manufacturing capabilities, and market realities must align to accelerate localization and promote sustainable transportation.
https://www.newsbytesapp.com/news/auto/india-s-electric-truck-makers-are-facing-these-issues/story
**Taiwan Says It Doesn’t Need China for Most Rare Earth Materials**
*By Dwaipayan Roy | October 12, 2025, 5:19 PM*
Taiwan’s economy ministry is currently evaluating the impact of China’s recent expansion of rare earth export restrictions on its critical semiconductor industry. According to the ministry, the majority of Taiwan’s rare earth materials are sourced from Europe, the United States, and Japan. However, officials are still assessing how the latest Chinese restrictions may affect supply chains and production costs in this sector.
**China Tightens Rare Earth Export Controls**
China has recently expanded its control over rare earth exports by adding five new elements to the restricted list. The country has also increased scrutiny specifically targeting chip manufacturers and users. This move comes ahead of high-stakes talks between US President Donald Trump and Chinese President Xi Jinping, intensifying concerns over supply chain stability.
The Taiwanese economy ministry emphasized that “the impact on the operation of the semiconductor industry still requires further stocktaking and assessment,” highlighting the need to carefully analyze potential disruptions.
**Impact on Taiwan’s Semiconductor Industry**
Taiwan is home to the world’s largest contract chipmaker, TSMC, which produces a majority of the advanced chips used in artificial intelligence applications globally. Any disruption in rare earth supply chains or increased costs resulting from China’s new restrictions could have significant repercussions for Taiwan’s semiconductor sector and the broader technology industry.
**China’s Defense of Export Restrictions**
Earlier today, China defended its export curbs on rare earth elements and related equipment. The Chinese government stated that the restrictions are motivated by concerns over the military applications of these metals amid what it described as “frequent military conflict.” This rationale reflects Beijing’s strategic considerations tied to national security.
As Taiwan continues to monitor the situation, industry stakeholders are closely watching the developments, given the critical role rare earth materials play in semiconductor manufacturing and advanced technology production.
https://www.newsbytesapp.com/news/world/taiwan-assesses-impact-of-china-s-rare-earth-export-curbs/story
2025/10/12 18:35 (2025/10/12 18:36 更新)
【有料会員限定記事】
西日本新聞meとは？
ベイカレント・クラシック・レクサス最終日（12日・神奈川県横浜CC＝7315ヤード、パー71）。日本で新規開催の米男子ツアー大会で、東京五輪金メダルのザンダー・シャウフェレ（米国）が64で回り、通算19。
この記事は有料会員限定です。残り189文字。
7日間無料トライアル、1日37円で読み放題。年払いならもっとお得です。
2025/10/12 15:46 (2025/10/12 15:48 更新) [有料会員限定記事]
【イスタンブール共同】パレスチナ自治区ガザに船団で支援物資を届けようとしてイスラエル軍に拘束されたオランダ在住の会社員、安村美香子さん（62）＝大津市出身＝が12日までに電話取材に応じました。
安村さんは、10月1日に拘束され、その間「人間扱いされなかった」と語っています。
詳細な内容は有料会員限定の記事となっており、残りの文は購読者向けです。
7日間無料トライアルもあり、1日37円で読み放題。年払いプランならさらにお得です。
Crypto was once like an unruly teenager: misunderstood, uninvited, and not allowed near the family savings. But Pakistani authorities have now decided that they cannot beat the blockchain; they might as well try to regulate it. Hence the Virtual Assets Ordinance and the proposed Virtual Assets Bill.
Pakistan has pivoted hard, mirroring what’s happening globally, especially in the EU, where the Markets in Crypto-Assets Regulation (MiCA) is now standard.
### The Early Wild West of Crypto
In the unregulated days of crypto, ICOs were the gold rush. Entrepreneurs waved shiny white papers in the air like some magic spell, promising financial freedom and decentralisation. What they delivered was often closer to a group text scam. The lack of regulation meant that scammers could moonwalk around securities laws with nothing but a white paper and a dream.
That’s why some countries began taking things more seriously. MiCA was the EU’s answer to crypto: sure, decentralise all you want, but please fill out these forms.
### Pakistan Joins the Regulatory Renaissance
Pakistan is now joining this regulatory renaissance—but with some local flair. The 2025 Ordinance gave birth to the Pakistan Virtual Assets Regulatory Authority (PVARA), tasked with keeping the crypto circus from catching fire. Think of PVARA as the chaperone at the school dance, making sure nobody spikes the punch (or launders money).
Regulators are taking a hard look at what tokens actually are, as opposed to what they say they are and what they do. MiCA has its categories—asset-referenced tokens, e-money tokens, utility tokens, security-ish ones. Pakistan is leaning into the same “don’t trust the brochure” approach.
The State Bank of Pakistan (SBP) and the Securities and Exchange Commission have now joined the Pakistan Crypto Council, a group essentially hashing out token taxonomies.
### From Ban to Embrace
Remember when Pakistan banned crypto in 2018? The SBP has hinted that the advisory may soon be shredded. They are now toying with the idea of linking crypto to foreign exchange laws. Your Bitcoin might one day officially be worth something in Pakistan.
### Remaining Challenges
There are still issues. For instance, white papers—the crypto version of the “trust me, bro” sales pitch—remain unregulated in Pakistan. MiCA requires that if you’re going to promise the moon, your white paper better explain how you plan to build the rocket. Unfortunately, Pakistan has yet to impose such regulations.
Investor protection? Maybe next.
On the bright side, anti-money laundering (AML) and counter-terrorism financing (CTF) controls are front and centre in the ordinance. This includes provisions from the Anti-Money Laundering Act (AMLA) 2010. PVARA gets to play financial watchdog, audit snoop, and compliance enforcer all at once.
That’s good, because nothing kills an empty fintech dream faster than a FATF blacklist.
### Opening Doors for International Players
International players are now being invited to get licenses and set up shop in Pakistan. However, the ordinance is temporary. So yes, there’s a framework—but no formal act of parliament yet.
### The Philosophical Dilemma of Regulation and Decentralisation
Then there’s the real philosophical dilemma: can a heavily centralised regulatory regime handle the wild world of decentralisation?
Pakistan seems to be opting for a state-led innovation model. This is like trying to dance to a remix of techno and the national anthem at the same time.
National Bitcoin reserves and allocating 2,000 megawatts to blockchain and AI infrastructure are bold moves. But they also risk turning crypto into a VIP club for banks and government projects—potentially leaving smaller, community-driven projects stuck in the parking lot arguing with the bouncer.
### What Pakistan Needs Going Forward
To avoid that fate, the law will need to be smart and nimble. Token types should be clearly defined, disclosure standards must be firm, and investor protections real. Sandbox programmes and tiered regulations could help level the playing field.
If Pakistan pulls this off—if it can balance oversight with openness and formality with flexibility—it could emerge not just as a participant in the global digital asset race, but as an actual contender.
If it clings too hard to control or fails to pass actual legislation, it risks becoming just another cautionary tale in the crypto museum of almost-but-not-quite.
https://www.thenews.com.pk/tns/detail/1350032-the-art-of-crypto
