Japan, Canada Agree to Cooperate on Market Stability

Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
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Japan, Canada Agree to Cooperate on Market Stability

Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo

Japan and Canada, who is this year's chair of the G7 developed economies, have agreed to cooperate to maintain stability in financial markets and the global financial system, Japan's Ministry of Finance said on Wednesday.

In a phone conference on Wednesday, Japanese Finance Minister Katsunobu Kato and his Canadian counterpart, Francois-Philippe Champagne, shared concerns over the series of tariffs implemented by the US government, the ministry said in a statement.

As US President Donald Trump's sweeping reciprocal tariffs took effect from midnight with a 104% levy on Chinese imports, China retaliated by vowing to raise tariffs on the US to 84% from Thursday, Reuters reported.

This led to a market rout with bond prices tumbling and global stocks falling further. US Treasuries, the safest haven for the global financial system, were hit by fresh selling pressure on Wednesday in a sign that investors were dumping their safest assets.

The US dollar also weakened against other major currencies.

Japan will cooperate with the Group of Seven advanced economies and the International Monetary Fund to help stabilize a market rout unleashed by US tariffs, the country's top currency diplomat said on Wednesday.



Harry and Meghan Surprised by King Charles' Letter on their Status

FILE PHOTO: Prince Harry, the Duke of Sussex, greets a girl as he visits the Royal Children's Hospital along with Meghan, Duchess of Sussex, in Melbourne, Australia, April 14, 2026. REUTERS/Mark Peterson/File Photo
FILE PHOTO: Prince Harry, the Duke of Sussex, greets a girl as he visits the Royal Children's Hospital along with Meghan, Duchess of Sussex, in Melbourne, Australia, April 14, 2026. REUTERS/Mark Peterson/File Photo
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Harry and Meghan Surprised by King Charles' Letter on their Status

FILE PHOTO: Prince Harry, the Duke of Sussex, greets a girl as he visits the Royal Children's Hospital along with Meghan, Duchess of Sussex, in Melbourne, Australia, April 14, 2026. REUTERS/Mark Peterson/File Photo
FILE PHOTO: Prince Harry, the Duke of Sussex, greets a girl as he visits the Royal Children's Hospital along with Meghan, Duchess of Sussex, in Melbourne, Australia, April 14, 2026. REUTERS/Mark Peterson/File Photo

Prince Harry and his wife Meghan are surprised by a letter sent on behalf of King Charles clarifying that they were no longer working members of the royal family and that they would remain private citizens, their spokesperson said.

The Duke and Duchess of Sussex and their two children returned to live in Britain last month, six years after stepping down from royal duties and moving to the US during a period of estrangement and awkward relations with the royal family.

The return was a surprise even to close family with Harry's father, the king, only being told days before ⁠the news became public.

In ⁠a letter, authorized by Charles and sent to senior British officials on Monday, it was made clear that Harry and Meghan were no longer working members of the royal family, Reuters reported.

A spokesperson for the couple said they had only been informed shortly before it was sent out and they were surprised by what ⁠had occurred.

The letter said their status, which was originally agreed with the late Queen Elizabeth in 2020, gave the couple personal latitude "in respect of financial independence and protection of their privacy as they would wish.”

"It follows that there is no change to the current status of the Duke and Duchess of Sussex. ... The charitable work of the Duke and Duchess is a personal matter for them both and undertaken in their private capacity," it said.

"In short, their position is akin to private citizens ⁠with commercial and ⁠charitable interests."

Since leaving for the US, the couple have continued to make the headlines as Harry accused the royals of neglect, the tabloid press of ruining his life and the government of failing to provide automatic police protection which would allow him to return home.

A committee which decides on what level of security he should be afforded at public expense is due to meet this week to decide what protection he should have now his family have returned to Britain.

They have also struck a number of commercial deals, most notably with streaming giant Netflix, while Meghan has launched a lifestyle brand As Ever.


Iran’s President Says Tehran to Resist Until ‘Aggressors Are Regretful’

People walk near an anti-US mural in Tehran, Iran, September 2, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
People walk near an anti-US mural in Tehran, Iran, September 2, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
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Iran’s President Says Tehran to Resist Until ‘Aggressors Are Regretful’

People walk near an anti-US mural in Tehran, Iran, September 2, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
People walk near an anti-US mural in Tehran, Iran, September 2, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters

Iran will continue its resistance with strength until "aggressors" become regretful and its rights are defended, President Masoud Pezeshkian said on Tuesday, pointing ‌to a ‌less conciliatory ‌tone ⁠from Tehran.

"Iran has always been against war and has considered the ⁠preservation of people's ‌interests ‌and regional security to ‌lie in refraining ‌from conflict. However, just as it has boldly risen to ‌defend against aggression up to this ⁠day, ⁠it will continue this resistance with strength until aggressors become regretful and will remain guardian of people's rights," Pezeshkian posted on X.

Iran threatened the United States with "economic warfare" on Tuesday and said it had fired an advanced missile at US warships, underscoring the risks of further escalation in the war only days after both sides traded blows again.

The six-month-old war has been marked by a cycle of pauses followed by periodic flare-ups, with the US last reporting attacks on Iranian targets on Saturday, when US forces struck three Iranian oil tankers. Iranian state media on Sunday reported that Iran fired the Qassem Basir missile in its attacks on several US vessels.


Nepal Glacier Saw Exceptional Heat Before Collapse Caused Deadly Floods, Says Researcher

A man looks at the remains of sludge-ridden houses in the aftermath of flash floods at Devighat in Nepal's Nuwakot district on September 8, 2026. (AFP)
A man looks at the remains of sludge-ridden houses in the aftermath of flash floods at Devighat in Nepal's Nuwakot district on September 8, 2026. (AFP)
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Nepal Glacier Saw Exceptional Heat Before Collapse Caused Deadly Floods, Says Researcher

A man looks at the remains of sludge-ridden houses in the aftermath of flash floods at Devighat in Nepal's Nuwakot district on September 8, 2026. (AFP)
A man looks at the remains of sludge-ridden houses in the aftermath of flash floods at Devighat in Nepal's Nuwakot district on September 8, 2026. (AFP)

The mountain section whose collapse triggered fatal floods in Nepal and China on August 26 had experienced unprecedented heat for the time of year, meteorological data analyzed by a researcher shows.

Average temperatures on the mountain glacier at an altitude of 5,200 meters (17,060 feet) were estimated at around five degrees Celsius between August 21 and 26.

This is exceptionally high.

They had not exceeded 4.0C over the same period in more than 55 years of data recording, although no direct link to the collapse has so far been established.

This series of highly localized temperatures was reconstructed by Robert Rohde, chief scientist at the independent Berkeley Earth organization in California.

At the site of the collapse, the average temperature recorded over that six-day period has risen by about 1.8C since the mid-20th century.

Without the additional heat brought by climate change, a comparable temperature pattern "would probably occur only once in a few thousand years", Rohde calculated for AFP.

The collapse came during the Langtang region's fourth-hottest summer on record, according to AFP's analysis of data from Europe's Copernicus observatory dating back to 1970.

- Tipping point -

"These hot conditions can also explain permafrost thaw and combined slope and glacier collapse," said French climatologist Valerie Masson-Delmotte.

Permafrost acts as ice cement, holding rock faces together. Its degradation makes them more unstable.

Satellite images also showed significant snowmelt in the days before the disaster, providing "a substantial source of liquid water that can infiltrate fractures in the mountain and facilitate landslides", said Etienne Berthier, a glaciologist at France's CNRS research agency.

Experts remain cautious, however, about the precise role played by the heatwave.

"It's not as straightforward as 'high temperature equals collapse,'" Kristen Cook, a geomorphologist at the Grenoble Alpes University in France, told AFP.

"If the temperature acted as a trigger, it seems that it needed to wait until the rock was right at the tipping point of collapse," she added.

Researchers are now examining the small movements observed in the mountain in the years before the collapse and their interaction with changes in temperature.

"Proving the rock near the fracture plane was significantly weakened as a result of meltwater and/or permafrost thaw" would be a "smoking gun" of climate change, according to Rhode of Berkeley Earth.

His temperature analysis used data from the Copernicus program's ERA5 climate model and a network of 14 high-altitude weather stations located between nine and 140 kilometers (six and 87 miles) from the collapsed glacier.