BANGKOK — Shares in Asia traded mixed on Wednesday after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record.
Tokyo’s Nikkei 225 edged less than 0.1% lower, to 39,663.40. Investors are focusing on the potential impact of an election for the Upper House of Parliament on Sunday that is expected to lead to tax cuts and higher spending as lawmakers try to restore the waning popularity of the ruling Liberal Democrats.
Worries over a deterioration in Japan’s fiscal health have pushed yields of long-term Japanese government bonds to their highest levels in years.
“What’s at stake isn’t simply which party hands out the biggest bundle of goodies. It’s whether the walls holding up Japan’s house of debt can withstand another round of fiscal fireworks…” Stephen Innes of SPI Asset Management said in a commentary.
Elsewhere in Asia, Hong Kong’s Hang Seng added 0.1% to 24,618.23 while the Shanghai Composite index slipped 0.1% to 3,503.78.
South Korea’s Kospi lost 0.9% to 3,186.38 and in Australia, the S&P/ASX 200 declined 0.8% to 8,561.80.
Taiwan’s Taiex jumped 0.9% and India’s Sensex was flat. Thailand’s SET also was little changed.
In Jakarta, shares rose 0.4% after President Donald Trump said on Truth Social that he plans to tariff imports from Indonesia at 19%, while American goods sent to the Southeast Asian country will face no tariffs. Trump also said Indonesia committed to buying U.S. energy, agricultural products and aircraft.
On Tuesday, the S&P 500 fell 0.4% to 6,243.76, but stayed near its all-time high set last week, as 90% of the stocks within the index fell. The Dow Jones Industrial Average dropped 1% to 44,023.29.
The Nasdaq composite rose 0.2% to a record 20,677.80 thanks to Nvidia, the market’s most influential stock.
Nvidia said the U.S. government has assured it that licenses will be granted for its H20 chip, used for artificial intelligence, again and that deliveries will hopefully begin soon. Its 4% gain was by far the strongest force pushing upward on the S&P 500.
Stocks of big U.S. banks were mixed following their latest profit reports. JPMorgan Chase slipped 0.7% despite reporting a stronger profit than analysts expected, as CEO Jamie Dimon warned of risks to the economy because of tariffs and other concerns.
Citigroup rose 3.7% following its better-than-expected profit report. But Wells Fargo fell 5.5% following its own, as it trimmed its forecast for an important way that it makes money.
A report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May as prices rose for clothes, toys and other goods that usually are imported. Economists say prices may be rising because of stiff tariffs that President Donald Trump has proposed on other countries.
Treasury yields yo-yoed after the report and then began rising.
The yield on the 10-year Treasury climbed to 4.48% from 4.43% late Monday. The yield on the two-year Treasury, which more closely tracks expectations for what the Federal Reserve will do with short-term interest rates, rose to 3.95% from 3.90%.
Higher inflation could inhibit interest rate cuts by the Fed. It has been keeping rates on hold this year after cutting them at the end of last year. That’s because lower rates can give inflation more fuel, along with a boost for the economy. Wall Street loves lower rates because they goose prices higher for stocks and other investments, and Trump himself has been clamoring for the Fed to cut more quickly.
Fed Chair Jerome Powell, though, has been adamant that he wants to wait for more data about how tariffs affect the economy and inflation. Following Tuesday’s inflation report, traders are still overwhelmingly betting that the Fed will cut its main interest rate by the end of the year. But they pulled back their bets on the number of potential cuts, according to data from CME Group.
In other dealings early Wednesday, U.S. benchmark crude oil picked up 42 cents to $66.94 per barrel. Brent crude, the international standard, was up 30 cents at $69.01 per barrel.
The dollar fell to 148.66 Japanese yen from 148.87 yen. The euro was at $1.1627, up from $1.1602.
In the latest update of the clinical management and infection prevention control of mpox guidelines (May 2025) WHO has issued a strong recommendation for the rapid initiation of antiretroviral therapy (ART) in people living with HIV who are diagnosed with mpox.
Mpox disproportionally affects people living with HIV. The infection is more severe with higher rates of mortality and hospitalization in people with advanced HIV disease.
This recommendation aligns with WHO’s broader HIV treatment guidance that strongly recommends rapid ART initiation – ideally within seven days of HIV diagnosis, including same-day start – to reduce mortality and achieve viral suppression. While concerns about mpox immune reconstitution inflammatory syndrome (IRIS) exist, WHO experts concluded that the benefits of rapid ART initiation outweigh potential risks, especially given the lack of effective mpox-specific treatments.
The guideline also emphasizes the importance of early HIV testing for all patients presenting with suspected or confirmed mpox. For individuals already on ART with a suppressed viral load, treatment should continue without interruption.
“We now know people with HIV, particularly those with a CD4 count under 200 cells/mm³, are at risk for severe disease and death from mpox,” said Dr Meg Doherty, Director of WHO’s Global HIV, Hepatitis and STI Programmes. “Ensuring early access to HIV and syphilis testing and treatment to all people with confirmed or suspected mpox, as well as timely access to mpox vaccines and antivirals, will save lives”.
This recommendation reflects WHO’s commitment to integrated care and highlights the importance of timely HIV diagnosis and treatment in mitigating severe outcomes in co-infected patients. To strengthen implementation of early testing, WHO has published standard operating procedures for integrated testing, including HIV and syphilis, as part of the mpox response.
WHO’s diagnostic and treatment guidance provide essential information and tools to optimize health outcomes.
South Africa’s Springboks will play their final Test of the incoming tour series against Georgia at Mbombela Stadium on Saturday, their last chance to blood new players ahead of the Rugby Championship.
After a convincing 54-7 win in an exhibition against the Barbarians and then some jitters in the first Test against Italy – a 42-24 win – the Springboks were far more clinical in a 45-0 second Test win over the Azzurri.
Rassie Erasmus has rung the changes once again, opting to try out new combinations under the leadership of returning captain Siya Kolisi. The coach’s experimentation worked well in the second win over Italy, as the Springboks succeeded at initiating lineout-style mauls in open play to assert their forward dominance.
Varsity Cup Player of the Year Ntokozo Makhaza’s late try gave the Cheetahs a 24-20 win over Georgia in an exhibition game, so a much stronger performance will be needed against the reigning world champions.
Date: Saturday, July 19 at 5:10 PM CAT (3:10 PM GMT, 11:10 AM ET)
Venue: Mbombela Stadium, Mbombela, Mpumalanga
Referee: Matthew Carley
How to watch: The match is available on SuperSport.
South Africa have opted for an uncapped front row of Boan Venter, Marnus van der Merwe and Neethling Fouche. Meanwhile, Kolisi returns from injury at flank to captain the side, partnering two-time World Rugby Player of the Year Pieter-Steph du Toit.
Only five players retain their places in the starting lineup from the 45-0 win over Italy: Edwill van der Merwe, Canan Moodie, Grant Williams, Du Toit, and Ruan Nortje.
After Willie le Roux earned his 100th Springbok cap in the second Test against the Azzurri, Aphelele Fassi starts at fullback this time in a team which – although it contains familiar faces – is clearly more focused on the next generation of Springboks rather than the heroes who carried them at the start of Erasmus’ reign as Director of Rugby.
Sacha Feinberg-Mngomezulu starts at flyhalf, with Handré Pollard one of three backline players on the bench in a 5-3 split. The others are Faf de Klerk and Damian Willemse.
Springboks:
Starting backs: 15 Aphelele Fassi, 14 Edwill van der Merwe, 13 Canan Moodie, 12 Damian de Allende, 11 Kurt-Lee Arendse, 10 Sacha Feinberg-Mngomezulu, 9 Grant Williams
Starting forwards: 8 Cobus Wiese, 7 Pieter-Steph du Toit, 6 Siya Kolisi (captain), 5 Ruan Nortje, 4 Eben Etzebeth, 3 Neethling Fouche, 2 Marnus van der Merwe, 1 Boan Venter
Replacements: 16 Bongi Mbonambi, 17 Thomas du Toit, 18 Vincent Koch, 19 RG Snyman, 20 Kwagga Smith, 21 Faf de Klerk, 22 Handré Pollard, 23 Damian Willemse
Georgia:
TBC
The only four players in the Springbok starting XV who have over 30 caps are Eben Etzebeth, Kolisi, Du Toit and Damian de Allende.
There are a combined 165 caps in the backline, 319 among the forwards, and 437 among players named on the bench.
South Africa have only played Georgia twice before, winning 46-19 at the 2003 Rugby World Cup in Australia and 40-9 in a 2021 Pretoria Test.
The award recognizes packaging solutions that excel in design, material selection, environmental impact, patented innovation, distinctiveness, and functionality—criteria where Nomad Refill stood out among finalists including Coty and Coster
Nomad Refill is the first purse spray that can be refilled from a full size fragrance in less than 5 seconds. The refillable mini fragrance packaging is designed for on-the-go use. It features a patented integrated connector that enables clean, secure refilling directly from a full-size fragrance bottle in under five seconds. The sealed system ensures no leakage and preserves the fragrance’s olfactory integrity by preventing air exposure during refilling. Highly customizable, Nomad Refill offers a wide range of decorative options to suit diverse brand aesthetics.
Silvia Sabater, Senior Account Manager at ALGLASS, Aptar Beauty’s distributor in Spain, commented:
“Aptar’s drive for innovation and excellence continues to inspire the industry. Collaborating with a partner so committed to sustainable, design-driven solutions is a real privilege.”
Held as part of the Barcelona Perfumery Congress, the awards span 14 categories and aim to spotlight innovation from olfactory science to sustainable packaging.
Nomad Refill exemplifies Aptar Beauty’s commitment to sustainability, user experience, and cutting-edge design—paving the way for a more responsible future in beauty packaging.
Because of wood’s role as a renewable resource, efficient waste wood utilisation is key to a climate-neutral, sustainable and competitive Europe. Leveraging waste wood as a sustainable resource is central to meeting Europe’s rising demand for wood-based products without compromising forests, biodiversity and the climate through virgin wood harvesting. To advance the circular economy and transform waste wood valorisation to meet future demand, digital product passports (DPPs) are an important digital tool for improving waste wood flows.
This CEPS In-Depth Analysis explores the challenges and opportunities for advancing waste wood valorisation and the circular economy using DPPs. After consulting with experts, some of the challenges and opportunities identified include data availability, access and integration; harmonised DPP content; limited stakeholder capacity; and the costs of implementing DPPs.
This paper was prepared in the context of the Wood2Wood project, which has received funding from the European Union’s Horizon Europe research and innovation programme under grant agreement No. 101138789.
BBC News, Channel Islands
Parents and carers in the Channel Islands are being asked to protect themselves and their children with the measles, mumps, and rubella (MMR) vaccine.
The reminder comes following the death of a child in the UK over the weekend who contracted measles.
The early signs of measles are similar to those of many common childhood illnesses. Jersey’s government said to look our for cold-like symptoms, sore, red eyes, a high temperature and a red blotchy rash.
Jersey Health Protection Nurse Advisor Emma Baker said the MMR vaccine was “the safest and most effective way to protect yourself”.
She said: “While Jersey has reassuring MMR vaccination coverage, we know a small number of islanders have not had both doses.
“This puts them at risk, so I encourage all islanders to make sure that they and their children are fully vaccinated.”
Ms Baker added: “Measles is circulating in parts of the UK and Europe, so please before you travel, we are calling all parents and guardians to make sure their children are up to date with their two MMR doses.”
The States of Guernsey said it was aware of high measles cases in parts of the UK and in Europe.
It said the disease could cause serious problems if it spread to other parts of the body, including pneumonia, meningitis, blindness and seizures.
Dr Nicola Brink, Director of Public Health, said the MMR vaccine was available free of charge for those up to the age of 25.
She said: “Our data demonstrates that the number of children receiving two doses of a measles containing vaccine is reassuringly high.
“However, we know that some families have chosen not to have their children vaccinated against measles and we would like to take this opportunity to strongly encourage them to take up this offer.
“This is particularly important with the circulation of measles in neighbouring jurisdictions, and the possibility that many people are travelling over the summer break.”
Brussels – 15 July, over 30 prominent and up and coming artists from across the EU have launched a united video campaign urging EU policymakers to uphold the original intent of the EU AI Act and protect creators from the unchecked use of their work by generative AI companies.
In a rare joint intervention, artists including Spanish singer-songwriter Álex Ubago, have urged the European Commission to “remain faithful to the law.” Alex says that “AI should protect music and those who create it.”
This is echoed by Justyna Steczkowska, Poland’s representative for Eurovision 2025, who says, “as artists we should have the right to know if our work has been used to train AI and the right to say that we simply do not want it.” She adds, “the European Union has passed a law that is supposed to protect us and now we are asking the European Commission to simply implement it, simply to make it a fact.”
The campaign – Stay True To The Act – features heartfelt video messages from musicians across Europe calling on the European Commission to ensure that AI companies are held accountable for how they use copyrighted material to train their models.
At the heart of the issue is a growing concern from the creative sector that artists’ works are being used without their knowledge or consent to train AI systems capable of generating vast volumes of content that mimic their styles.
The EU AI Act, passed in 2024, included groundbreaking provisions requiring AI developers to disclose the content used to train their models. However, the EU Is now working to put this law into practice and the legislation risks being watered down – failing to hold AI companies to account.
The Stay True To The Act campaign is a direct appeal to the European policymakers to ensure that implementation of the Act reflects its original spirit of transparency, accountability and the protection of European creators. The artists are calling for:
Read more about Stay True To The Act
As vaccine coverage climbed among young children, antibiotic use plummeted, showing how immunizations may be quietly reshaping the battle against drug resistance.
Study: Temporal trends in vaccination and antibiotic use among young children in the United States, 2000–2019. Image credit: adriaticfoto/Shutterstock.com
Antibiotic use should decline with widespread and appropriately administered vaccination programs, but the evidence is lacking. A recent paper published in Antimicrobial Stewardship and Healthcare Epidemiology examines this impact among young American children over 20 years, 2000-2019.
Antibiotic use is common and often medically inappropriate, promoting the emergence and rise of antimicrobial resistance (AMR). This poses an unprecedented public health challenge, threatening to take the world back to pre-antibiotic-era days.
Intensive efforts were made to promote proper antibiotic use during the study period. Clinical guidelines were issued for managing middle ear infections, sinusitis, pneumonia, and throat infections, such as when to prescribe antibiotics, which antibiotics to use in different situations, and the role of watchful waiting.
Multiple measures were launched to tackle AMR, including the Core Elements of Hospital Antibiotic Stewardship Programs and the National Action Plan for Combating Antibiotic-Resistance Bacteria, from the Centers for Disease Prevention and Control (CDC).
Immunization programs prevent several common infectious diseases in children, for which antibiotics are commonly prescribed. Reasons for such use include the difficulty distinguishing bacterial from viral respiratory infections in young children, and precautionary use to prevent rapid and dangerous clinical deterioration in this vulnerable population.
Earlier studies suggest that pneumococcal and influenza vaccines reduce antibiotic use in children. Yet, they have focused primarily on individual vaccines, ignoring the synergistic benefits of immunization programs targeting multiple disease-causing microbes.
The current study sought to fill this gap, using 20 years’ worth of claims data, to assess the real-world impact of vaccination on antibiotic use in under-fives. However, the authors note that the ecological study design does not allow for conclusions about causality.
The study used the Merative® MarketScan Commercial Claims and Encounters database to collect data on the uptake of four common childhood vaccines: pneumococcal conjugate, Haemophilus influenzae type b, diphtheria-tetanus-pertussis, and influenza vaccines. The data also covered antibiotic prescriptions and antibiotic-treated respiratory tract infections among children under five during the study period.
Depending on annual vaccination evaluations, children were categorized as having received all four, 1 to 3, or no vaccines.
The study showed that 32.5% of 6.7 million under-five children received all four vaccines in 2004. This increased to 67% in 2019, with only 2.5% being unvaccinated.
Broad-spectrum antibiotics comprised about half of the antibiotic prescriptions over most of the study period. Penicillins made up 50% to 61%, vs. cephalosporins and macrolides, which comprised 30% to 45%.
Overall, antibiotic prescriptions fell by half over this period, from 1.9 to 1.0 per person-year. The largest reductions were during 2003-2007 and 2010-2013.
The most affected were macrolide antibiotics, which were reduced by 73%, followed by broad-spectrum antibiotics, which decreased by 57%, and penicillins, which declined by 44%.
These findings are consistent with previous studies showing, for instance, a 6% reduction in antibiotic prescriptions after flu vaccine uptake increased 10%. Macrolides showed the largest decrease, being the most frequently prescribed for respiratory infections, especially when the patient is allergic to penicillin.
The most common antibiotic-treated respiratory infection was otitis media. Viral respiratory infections made up 30% to 38 %, and throat infections 11% to15%.
During the study period, antibiotic-treated respiratory infections decreased by more than a third from 2.4 to 1.6 episodes per person-year between 2019 and 2000. Sinusitis decreased by 65% and throat infections by 40%.
There was a proportional decrease in all antibiotic-treated respiratory infections, indicating the generalized impact of vaccination. Prior research confirms pneumococcal vaccines reduce children’s risk of acute middle ear infections and antibiotic usage. Influenza vaccines decrease the rate of acute respiratory infections, prompt precautionary antibiotic use, and predispose patients to secondary bacterial infections.
Antibiotic-treated urinary tract infection (UTI) rates remained relatively stable throughout the study period, except for a modest decrease of 5% to 24% observed during 2016 and 2019.
The slow decline in antibiotic usage from 2000 onwards coincided with the increase in vaccine uptake until 2011. The most significant drop in antibiotic use for viral infections occurred after integrating the flu vaccine into the routine childhood immunization schedule in 2004. This emphasizes the contribution of prophylactic antibiotics for influenza, the most common viral respiratory infection.
After this point, the decline was mainly due to antibiotic stewardship programs, since vaccination rates remained stable until 2017. The slight increase in vaccine uptake and continuing antibiotic stewardship were associated with a steeper drop in antibiotic use. The primary vaccine impact may have been on bacterial respiratory infections, which might explain the relatively smaller decline in antibiotic use for urinary infections.
Thus, increased vaccine uptake and antibiotic stewardship efforts contributed jointly to this trend. Other contributors include better diagnostic testing, more managed healthcare availability for children, and higher socioeconomic status, which affects healthcare access, infection risk, and efforts to get healthcare.
Additionally, AMR influences antibiotic selection. High macrolide resistance caused many physicians to prescribe other drugs. Also, increasing breastfeeding in the USA during the study period protects against acute ear infections and other common infections.
Rising electronic health record use might also have helped track past medical history and antibiotic prescription practices and provided automated help accessing best practices.
These findings suggest a steep decline in antibiotic use among young children in the USA, coinciding with increased childhood vaccine uptake. Thus, immunization programs significantly affect public health beyond vaccine-preventable diseases.
However, the authors caution that the study cannot prove that vaccination alone caused the reduction in antibiotic use. Future studies should include Medicaid and uninsured children, who are less likely to be vaccinated, and explore the effects of different vaccine combinations.
“These findings highlight the potential policy implications of integrating vaccination programs into antimicrobial stewardship efforts to help reduce unnecessary antibiotic use, ultimately supporting public health efforts to combat antibiotic resistance,” the study concludes.
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