Nintendo bullish on Switch 2 pre-sales in Japan
Nintendo shares surged Thursday after the gaming giant boasted of higher than expected demand in Japan for pre-orders of its hotly anticipated Switch 2 console.The successor to the Switch — the third best-selling console ever behind Sony’s PlayStation 2 and the Nintendo DS — is set to hit shelves worldwide on June 5.And the stakes are high: although Nintendo is diversifying into theme parks and hit movies, analysts say around 90 percent of its revenue comes from the Switch business.An X post attributed to company president Shuntaro Furukawa published Wednesday said there had been 2.2 million pre-order applications for the new console in Japan.This is an “extremely high” number which “greatly exceeds our initial expectations”, the post said.”It also significantly exceeds the quantity of Switch 2 consoles” that can be delivered on the release date.”Therefore, it is expected that a considerable number of customers will not win the lottery when the winners are announced” on Thursday, for which “we deeply apologise”.Shares in the Kyoto-based company gained as much as 5.5 percent on Thursday following the bullish announcement.Nintendo in early April revealed details about the Switch 2, which like its predecessor is a hybrid console that can be used on the go or connected to a TV screen.However the price has raised eyebrows at over a third more than the original Switch in major markets including the United States, where it will cost $449.99.A Japanese-only version for domestic consumers will be cheaper at 49,980 yen ($350).”Uncertainty around reciprocal tariffs, global trade and higher component costs” mean a price drop is unlikely within the next five years, industry research firm Niko Partners said earlier this month.Nintendo delayed pre-orders for the Switch 2 in the United States by several weeks as it assessed the fallout from US President Donald Trump’s trade levies.
Russia launches Kyiv missile attack, hours after Trump blames Zelensky
Russia launched a missile attack Thursday on Kyiv, killing at least two and wounding dozens hours after US President Donald Trump lashed out at Ukrainian President Volodymyr Zelensky for refusing to accept Moscow’s occupation of Crimea as a peace deal.The Ukrainian capital was attacked “by enemy missiles” in the early hours, with flights of drones heard across the city by AFP journalists as residents hid in bomb shelters. City mayor Vitali Klitschko said two people were killed and 54 others wounded so far in the attack.Of these, “38 of them, including six children, were hospitalised,” he said, adding that the rest of the wounded were treated at the scene. In Ukraine’s east, the city of Kharkiv was hit by seven missiles, said city mayor Igor Terekhov, who later warned that “a massive drone attack on the city continues”. “Stay safe!” Terekhov said on Telegram.Hours earlier, Trump had said a peace deal was “very close” — and effectively closed with Moscow — but accused Zelensky of being “harder” to negotiate with.The Ukrainian president’s refusal to accept US terms for ending the conflict — which began with Russia’s full-scale invasion in 2022 — “will do nothing but prolong the ‘killing field’,” he said.”I think we have a deal with Russia. We have to get a deal with Zelensky,” Trump told reporters. “I thought it might be easier to deal with Zelensky. So far it’s been harder.”Ahead of Trump’s broadside, Vice President JD Vance laid out the US vision for a peace deal where Russia would get to keep already occupied swaths of Ukraine, which include Crimea.Zelensky has rejected this as a violation of Ukraine’s constitution.That in turn prompted an outburst from Trump, in which he accused Zelensky of being “inflammatory” and taking a position “very harmful to the Peace Negotiations with Russia.”Zelensky “can have Peace or, he can fight for another three years before losing the whole Country,” Trump wrote on Truth Social.Trump said Crimea — a lush Black Sea peninsula with longtime major Soviet and Russian naval facilities — “was lost years ago” and “is not even a point of discussion.”Zelensky responded by posting on social media a 2018 “Crimea declaration” by Trump’s then-secretary of state Mike Pompeo, which said Washington “rejects Russia’s attempted annexation of Crimea.”As Kyiv was bombarded with a Russian missile attack, Zelensky’s top aide took to Telegram, saying “Russia is attacking Kyiv, Kharkiv and other cities with missiles and drones right now”. “Putin shows only a desire to kill,” said Andriy Yermak. “The fire must stop. The attacks on civilians must stop.”- ‘Freeze’ Russia’s gains -Weeks into a US-initiated process, Trump’s patience was “running very thin,” White House spokeswoman Karoline Leavitt said.Intense US pressure on Ukraine to accept a deal comes after Trump regularly boasted on the campaign trail that he would resolve the conflict in 24 hours.He has put no equivalent visible pressure on Russia, while dangling a lifting of massive US economic sanctions against Moscow if the fighting stops.Meanwhile, on a trip to India, his deputy Vance gave the fullest public explanation of the US plan so far, saying the deal would “freeze the territorial lines at some level close to where they are today.””The Ukrainians and the Russians are both going to have to give up some of the territory they currently own,” Vance said.Freezing the frontlines would mean Ukraine losing large areas to Russia.The vice president did not explain what territory Russia — which seized Crimea in 2014 — would have to give up.It was time for Moscow and Kyiv “to either say ‘yes,’ or for the United States to walk away from this process,” Vance said.Growing speculation over Washington being ready to recognise Russian rule over Crimea has alarmed European capitals.French President Emmanuel Macron’s office said “Ukraine’s territorial integrity and European aspirations are very strong requirements for Europeans.”A spokesperson for UK Prime Minister Keir Starmer told reporters “it has to be up to Ukraine to decide its future.”Top Ukrainian officials wrapped up a round of talks in London on Wednesday with representatives from Britain, France, Germany and the United States.US presidential envoy Steve Witkoff is to visit Moscow this week and Trump said he would likely meet with Russian President Vladimir Putin shortly after his trip to the Middle East in mid-May.The diplomatic wrangling and strikes on Kyiv came after a fresh wave of Russian air attacks that shattered a brief Easter truce, killing nine and wounding at least 30 more in the southeastern city of Marganets.In light of the attacks, Zelensky has called for an “immediate, full and unconditional ceasefire.”burs-sms/dhc/hmn
Trump seeks ‘fair deal’ with China but pathway unclear
US President Donald Trump on Wednesday played up prospects of a “fair deal” on trade with China, but his top officials offered few details of how Washington might de-escalate its damaging tariff war with Beijing.Trump told reporters his country would have a “fair deal with China,” adding that “everything’s active” when asked if Washington was talking to Beijing.But how soon the tariffs can be lowered “depends on them,” Trump said, referring to Beijing, even as he maintained that he gets along “very well” with Chinese President Xi Jinping and hopes they can reach an agreement.Trade tensions between the world’s two biggest economies have soared as Trump ramped up levies on imports from China this year, imposing an additional 145 percent tariff on many products over practices Washington has deemed unfair, and other issues.Beijing in turn has countered with new 125 percent tariffs on US goods.Despite signals that Washington is looking towards a fair agreement, the state of discussions remains murky.Asked if there is direct US contact with China on trade, Trump said: “Every day.”But earlier Wednesday, US Treasury Secretary Scott Bessent told reporters that the two countries are “not yet” talking when it comes to lowering tariffs.”I think both sides are waiting to speak to the other,” he said at an event on the sidelines of the International Monetary Fund and World Bank’s spring meetings in Washington.He added that there is no unilateral offer from Trump to slash duties on Chinese goods.- ‘An embargo’ -Bessent said the staggeringly high tariffs both countries have imposed on each other’s goods have to come down before negotiations can occur.”I don’t think either side believes that the current tariff levels are sustainable, so I would not be surprised if they went down in a mutual way,” he added on the sidelines of an Institute of International Finance forum.”This is the equivalent of an embargo, and a break between the two countries in trade does not suit anyone’s interest,” Bessent said, stressing that “de-escalation by both sides is possible.”But he had no timeframe on how soon bilateral talks could take place.”It’s both a blessing and a curse that the strongest relationship is at the very top,” Bessent said, referring to Trump’s ties with Chinese counterpart Xi. But with “any de-escalation, the talks would not begin at the very top.”Joseph Grieco, professor of political science at Duke University, told AFP that Trump may continue to chase China for a deal “to keep the financial markets off his back.””I worry Trump will eventually offer President Xi a favorable deal, one that doesn’t address the serious economic problems the US actually has with China,” he said.While Trump has swiftly rolled out sharp tariffs on different countries and sectors, he has also been quick to introduce certain exemptions — most recently some temporary reprieve for tech products like smartphones and chipmaking tools.And he could widen the carveouts, the Financial Times reported Wednesday, saying Trump could exempt car parts from some tariffs on Chinese imports — alongside those on steel and aluminum.On Wednesday afternoon, Trump said he was not considering changes to US auto tariffs but noted that levies on Canada could rise in terms of cars.Separately, Bessent said he did not have a stance on whether the president had the authority to fire Federal Reserve Chair Jerome Powell if he wanted to.He suggested Trump’s previous comment that the “termination” of Powell could not come fast enough might also refer to the end of the Fed chief’s term.Earlier Wednesday, Bessent said in a speech that Beijing’s export-reliant economic model is “unsustainable” and “not only harming China but the entire world.”He stressed US concerns around trade imbalances that the Trump administration says it hopes to address through sweeping tariffs.But Bessent maintained that “America first does not mean America alone.”He insisted the administration’s moves are broadly a call for deeper collaboration and mutual respect among trading partners, while taking aim at policy choices by other countries that he said have hollowed out US manufacturing and put its security at risk.
Trump seeks ‘fair deal’ with China but pathway unclear
US President Donald Trump on Wednesday played up prospects of a “fair deal” on trade with China, but his top officials offered few details of how Washington might de-escalate its damaging tariff war with Beijing.Trump told reporters his country would have a “fair deal with China,” adding that “everything’s active” when asked if Washington was talking to Beijing.But how soon the tariffs can be lowered “depends on them,” Trump said, referring to Beijing, even as he maintained that he gets along “very well” with Chinese President Xi Jinping and hopes they can reach an agreement.Trade tensions between the world’s two biggest economies have soared as Trump ramped up levies on imports from China this year, imposing an additional 145 percent tariff on many products over practices Washington has deemed unfair, and other issues.Beijing in turn has countered with new 125 percent tariffs on US goods.Despite signals that Washington is looking towards a fair agreement, the state of discussions remains murky.Asked if there is direct US contact with China on trade, Trump said: “Every day.”But earlier Wednesday, US Treasury Secretary Scott Bessent told reporters that the two countries are “not yet” talking when it comes to lowering tariffs.”I think both sides are waiting to speak to the other,” he said at an event on the sidelines of the International Monetary Fund and World Bank’s spring meetings in Washington.He added that there is no unilateral offer from Trump to slash duties on Chinese goods.- ‘An embargo’ -Bessent said the staggeringly high tariffs both countries have imposed on each other’s goods have to come down before negotiations can occur.”I don’t think either side believes that the current tariff levels are sustainable, so I would not be surprised if they went down in a mutual way,” he added on the sidelines of an Institute of International Finance forum.”This is the equivalent of an embargo, and a break between the two countries in trade does not suit anyone’s interest,” Bessent said, stressing that “de-escalation by both sides is possible.”But he had no timeframe on how soon bilateral talks could take place.”It’s both a blessing and a curse that the strongest relationship is at the very top,” Bessent said, referring to Trump’s ties with Chinese counterpart Xi. But with “any de-escalation, the talks would not begin at the very top.”Joseph Grieco, professor of political science at Duke University, told AFP that Trump may continue to chase China for a deal “to keep the financial markets off his back.””I worry Trump will eventually offer President Xi a favorable deal, one that doesn’t address the serious economic problems the US actually has with China,” he said.While Trump has swiftly rolled out sharp tariffs on different countries and sectors, he has also been quick to introduce certain exemptions — most recently some temporary reprieve for tech products like smartphones and chipmaking tools.And he could widen the carveouts, the Financial Times reported Wednesday, saying Trump could exempt car parts from some tariffs on Chinese imports — alongside those on steel and aluminum.On Wednesday afternoon, Trump said he was not considering changes to US auto tariffs but noted that levies on Canada could rise in terms of cars.Separately, Bessent said he did not have a stance on whether the president had the authority to fire Federal Reserve Chair Jerome Powell if he wanted to.He suggested Trump’s previous comment that the “termination” of Powell could not come fast enough might also refer to the end of the Fed chief’s term.Earlier Wednesday, Bessent said in a speech that Beijing’s export-reliant economic model is “unsustainable” and “not only harming China but the entire world.”He stressed US concerns around trade imbalances that the Trump administration says it hopes to address through sweeping tariffs.But Bessent maintained that “America first does not mean America alone.”He insisted the administration’s moves are broadly a call for deeper collaboration and mutual respect among trading partners, while taking aim at policy choices by other countries that he said have hollowed out US manufacturing and put its security at risk.
Washington esquisse une issue à la guerre commerciale avec Pékin
Le président américain Donald Trump a évoqué mercredi la possibilité d’un accord commercial “équitable” avec la Chine, sans que les négociations aient toutefois réellement commencé, d’après un ministre de premier plan.La guerre commerciale déclenchée par Donald Trump a débouché sur 145% de droits de douane additionnels sur les produits chinois entrant aux Etats-Unis, et 125% décidés en représailles par Pékin sur les marchandises en provenance des Etats-Unis.A la question “envisagez-vous de réduire les droits de douane” sur les produits chinois, Donald Trump a simplement répondu qu’il y aurait “un accord équitable avec la Chine, ce sera équitable”.Interrogé par la presse, le président américain a aussi précisé mercredi soir à la Maison Blanche que le délai pour abaisser les surtaxes douanières “dépend” de Pékin, tout en assurant qu’il était en contact “tous les jours” avec la Chine.”Je m’entends très bien avec le président Xi (Jinping) et j’espère que nous pourrons conclure un accord”, a déclaré M. Trump.La veille, le milliardaire républicain avait évoqué la possibilité d’une baisse “substantielle” des droits de douane sur les marchandises en provenance de Chine, soulageant ainsi les marchés mondiaux sonnés par la magnitude des taxes sur les échanges qu’il a mises en place.”Je suis optimiste par rapport au fait que nous aurons un accord avec la Chine, et je suis optimiste par rapport au fait que nous allons pouvoir un peu faire redescendre la température”, a déclaré de son côté le conseiller économique du président, Stephen Miran.- “Embargo” -Quelques heures plus tôt, Pékin s’est dit ouvert à des discussions avec Washington: “S’il faut se battre, nous irons jusqu’au bout, mais les portes du dialogue restent grandes ouvertes”, a déclaré un porte-parole du ministère chinois des Affaires étrangères.Pour l’heure, les négociations n’ont toutefois pas commencé, selon le ministre américain des Finances, Scott Bessent. “Je pense que, d’un côté comme de l’autre, nous attendons de pouvoir nous parler”, a-t-il déclaré mercredi.Scott Bessent a aussi considéré que les surtaxes mises en place des deux côtés devraient baisser comme préalable à toute discussion. “Je pense qu’aucune des deux parties considère le niveau actuel des droits de douane comme tenable, donc je ne serais pas surpris qu’ils soient mutuellement abaissés”, a-t-il relevé.La situation actuelle équivaut à “un embargo et une rupture des relations commerciales des deux pays ne convient à personne”, a encore considéré le ministre.”Je pense qu’une désescalade des deux côtés est possible”, a-t-il complété.L’espoir d’une détente a fait rebondir les marchés financiers mercredi. A Wall Street, le Dow Jones a gagné 1,07%, l’indice Nasdaq a progressé de 2,50% et l’indice élargi S&P 500 de 1,67%. “Donald Trump va probablement continuer de courir après un accord avec la Chine pour éviter l’hostilité des marchés financiers”, estime auprès de l’AFP Joseph Grieco, professeur de sciences politiques à Duke University.- Favorable à la Chine? -“Je crains qu’il finisse par proposer au président Xi un accord favorable (à la Chine), qui ne répond pas aux sérieux problèmes économiques que les Etats-Unis ont en réalité avec la Chine”, envisage-t-il.Donald Trump a imposé début avril des droits de douane punitifs à tous les partenaires commerciaux des Etats-Unis, particulièrement en Europe et en Asie, provoquant une tempête sur les marchés mondiaux, avant de ramener une semaine plus tard les surtaxes à 10% pour tous, à l’exception de la Chine, première puissance commerciale mondiale.Des surtaxes sur l’acier, l’aluminium ou encore sur les automobiles restent aussi en vigueur.Donald Trump a d’ailleurs déclaré mercredi soir devant la presse ne pas envisager de modifier les droits de douane sur l’automobile, mais a indiqué que les surtaxes douanières sur les voitures canadiennes pourraient être augmentées.Le Financial Times a de son côté rapporté que Donald Trump envisageait des exemptions concernant les pièces détachées automobiles, pour alléger la pression douanière sur les constructeurs américains.A l’ONU, l’ambassadeur chinois Fu Cong a critiqué avec virulence les Etats-Unis, auxquels il reproche d’imposer des droits de douane “sous des prétextes variés à tous ses partenaires commerciaux”, de pratiquer l'”intimidation” et de “gravement” perturber “l’ordre économique mondial”.Le ministre américain Scott Bessent a affirmé de son côté que le modèle économique de Pékin, donnant la priorité aux exportations, n’était “pas soutenable” et nuisait tant à la Chine qu’au “reste du monde”. bur-myl-ni-aue/bar/es/ube
Washington esquisse une issue à la guerre commerciale avec Pékin
Le président américain Donald Trump a évoqué mercredi la possibilité d’un accord commercial “équitable” avec la Chine, sans que les négociations aient toutefois réellement commencé, d’après un ministre de premier plan.La guerre commerciale déclenchée par Donald Trump a débouché sur 145% de droits de douane additionnels sur les produits chinois entrant aux Etats-Unis, et 125% décidés en représailles par Pékin sur les marchandises en provenance des Etats-Unis.A la question “envisagez-vous de réduire les droits de douane” sur les produits chinois, Donald Trump a simplement répondu qu’il y aurait “un accord équitable avec la Chine, ce sera équitable”.Interrogé par la presse, le président américain a aussi précisé mercredi soir à la Maison Blanche que le délai pour abaisser les surtaxes douanières “dépend” de Pékin, tout en assurant qu’il était en contact “tous les jours” avec la Chine.”Je m’entends très bien avec le président Xi (Jinping) et j’espère que nous pourrons conclure un accord”, a déclaré M. Trump.La veille, le milliardaire républicain avait évoqué la possibilité d’une baisse “substantielle” des droits de douane sur les marchandises en provenance de Chine, soulageant ainsi les marchés mondiaux sonnés par la magnitude des taxes sur les échanges qu’il a mises en place.”Je suis optimiste par rapport au fait que nous aurons un accord avec la Chine, et je suis optimiste par rapport au fait que nous allons pouvoir un peu faire redescendre la température”, a déclaré de son côté le conseiller économique du président, Stephen Miran.- “Embargo” -Quelques heures plus tôt, Pékin s’est dit ouvert à des discussions avec Washington: “S’il faut se battre, nous irons jusqu’au bout, mais les portes du dialogue restent grandes ouvertes”, a déclaré un porte-parole du ministère chinois des Affaires étrangères.Pour l’heure, les négociations n’ont toutefois pas commencé, selon le ministre américain des Finances, Scott Bessent. “Je pense que, d’un côté comme de l’autre, nous attendons de pouvoir nous parler”, a-t-il déclaré mercredi.Scott Bessent a aussi considéré que les surtaxes mises en place des deux côtés devraient baisser comme préalable à toute discussion. “Je pense qu’aucune des deux parties considère le niveau actuel des droits de douane comme tenable, donc je ne serais pas surpris qu’ils soient mutuellement abaissés”, a-t-il relevé.La situation actuelle équivaut à “un embargo et une rupture des relations commerciales des deux pays ne convient à personne”, a encore considéré le ministre.”Je pense qu’une désescalade des deux côtés est possible”, a-t-il complété.L’espoir d’une détente a fait rebondir les marchés financiers mercredi. A Wall Street, le Dow Jones a gagné 1,07%, l’indice Nasdaq a progressé de 2,50% et l’indice élargi S&P 500 de 1,67%. “Donald Trump va probablement continuer de courir après un accord avec la Chine pour éviter l’hostilité des marchés financiers”, estime auprès de l’AFP Joseph Grieco, professeur de sciences politiques à Duke University.- Favorable à la Chine? -“Je crains qu’il finisse par proposer au président Xi un accord favorable (à la Chine), qui ne répond pas aux sérieux problèmes économiques que les Etats-Unis ont en réalité avec la Chine”, envisage-t-il.Donald Trump a imposé début avril des droits de douane punitifs à tous les partenaires commerciaux des Etats-Unis, particulièrement en Europe et en Asie, provoquant une tempête sur les marchés mondiaux, avant de ramener une semaine plus tard les surtaxes à 10% pour tous, à l’exception de la Chine, première puissance commerciale mondiale.Des surtaxes sur l’acier, l’aluminium ou encore sur les automobiles restent aussi en vigueur.Donald Trump a d’ailleurs déclaré mercredi soir devant la presse ne pas envisager de modifier les droits de douane sur l’automobile, mais a indiqué que les surtaxes douanières sur les voitures canadiennes pourraient être augmentées.Le Financial Times a de son côté rapporté que Donald Trump envisageait des exemptions concernant les pièces détachées automobiles, pour alléger la pression douanière sur les constructeurs américains.A l’ONU, l’ambassadeur chinois Fu Cong a critiqué avec virulence les Etats-Unis, auxquels il reproche d’imposer des droits de douane “sous des prétextes variés à tous ses partenaires commerciaux”, de pratiquer l'”intimidation” et de “gravement” perturber “l’ordre économique mondial”.Le ministre américain Scott Bessent a affirmé de son côté que le modèle économique de Pékin, donnant la priorité aux exportations, n’était “pas soutenable” et nuisait tant à la Chine qu’au “reste du monde”. bur-myl-ni-aue/bar/es/ube