General Motors, Ford, and Hyundai have withdrawn from direct sales in Japan. Chinese automaker BYD introduced the Racco, a kei-class electric minivehicle built for narrow roads, and reported more than 1,000 orders in the first weeks alongside five other models already offered. The Japan Times is the sole cited source for these developments.
North Korea launched an unidentified projectile on August 20, 2026, toward waters off its east coast, which Japan assessed as a suspected ballistic missile. South Korea detected the launch, and the projectile splashed down outside Japan's exclusive economic zone. The event occurred amid scaled-back U.S.-South Korea military exercises ordered by President Trump.
The Japan Times⚠shakes U.S.-South Korea ties, sows doubts about Washington’s reliability
Reuters
Chinese Foreign Minister Wang Yi will visit South Korea August 19-20 to meet Foreign Minister Cho Hyun and discuss North Korea, bilateral ties, and global issues. The visit follows a South Korean Foreign Ministry announcement and coincides with U.S. reductions in joint military exercises with South Korea ordered by President Trump. Available reporting draws exclusively from two center-rated outlets.
Verified reports indicate the Mediterranean Sea is warming at twice the global ocean average, with parts of the Mediterranean and European Atlantic recording surface temperatures more than 6°C above normal in June. Human-caused global warming is identified as the primary driver of record July temperatures in multiple Mediterranean regions, while Europe is described as the world's fastest-warming continent. An estimated 25,000 heat-related deaths occurred this summer, with one additional report linking carbon pollution to expanded marine heatwaves.
Campaigning for Nigeria’s 2027 presidential and National Assembly elections begins August 19 2026 under rules set by the Independent National Electoral Commission. President Bola Tinubu of the All Progressives Congress, which has held power since 2015, is the party’s candidate; he did not attend the August 18 peace accord signing attended by opposition candidates Peter Obi, Omoyele Sowore and Adewole Adebayo. The accord was organized by the National Peace Committee under former Head of State Abdulsalami Abubakar.
Taiwan's government has proposed a defense budget of NT$1.1225 trillion for 2027, an 18 percent increase over the prior year that exceeds 3 percent of estimated GDP. The proposal includes funding for drones and missiles and follows approval of NT$25 billion in supplementary defense spending in May. The opposition-controlled legislature, which delayed the 2026 central government budget for 266 days, will review the 2027 plans before late August.
YouTube has proposed multimillion-dollar deals to popular creators requiring exclusive uploads for set periods, including direct financing and brand-deal allocations, according to people familiar with the talks. Netflix has simultaneously paid select YouTubers for concurrent releases on both platforms and continues discussions with dozens more. No agreements have been finalized.
Japan's benchmark 10-year government bond yield is approaching 3 percent and has reached a 30-year high. Market participants cite a likely Bank of Japan rate increase in September and the Takaichi administration's fiscal 2027 budget process. Sources include CNA, Nikkei Asia, and The Japan Times.
President Trump ordered a reduction in the Ulchi Freedom Shield exercise, shortening it by one week to conclude on Aug. 21 and converting some live-training events to simulations. The Pentagon and Seoul jointly announced the changes on Wednesday, with Trump citing costs and signals to Pyongyang on social media. The decision also referenced South Korea's refusal to assist with Strait of Hormuz operations.
The benchmark 10-year Japanese government bond yield reached 2.945 percent on Tuesday before easing to around 2.89 percent on Wednesday, while the yen traded near 159 to the dollar and the Nikkei 225 declined. Government subsidies have kept core inflation below the Bank of Japan’s 2 percent target, and the central bank has warned of possible inflation overshoot risks. Prime Minister Sanae Takaichi leads the government during this period of rising yields and currency movement.
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Russia launched dozens of ballistic, cruise, and hypersonic missiles plus 168 drones against Ukraine on Thursday, with Ukrainian forces downing nearly 90 percent of drones and most cruise missiles while all ballistic missiles penetrated defenses. Ukrainian President Volodymyr Zelenskyy attributed civilian deaths to insufficient resupply of air defense missiles by allies. Casualty figures remain disputed between reporting sources.
Four workers employed by a subcontractor were struck and killed by the Spacia X2 limited-express train while spraying herbicide on tracks near the platform at Shin-Kanuma Station around 10:45 a.m. on Thursday. Ten personnel were present at the site, including lookouts and a supervisor, with one lookout positioned approximately 80 meters away. Tobu Railway held a news conference and issued an apology while police examine whether safety procedures were followed.