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The securities of White Cliff Minerals Limited (‘WCN’) will be placed in trading halt at the request of WCN, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 7 May 2025 or when the announcement is released to the market.

Issued by

ASX Compliance

Click here for the full ASX Release

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Hazer Group Ltd (‘Hazer’ or ‘the Company’) (ASX: HZR) is pleased to announce it has entered into a binding Alliance Agreement (the “Alliance”) with Kellogg Brown and Root LLC (NYSE: KBR, “KBR”) a global leader in technology and engineering solutions, for the commercial deployment and licensing of Hazer’s proprietary methane pyrolysis technology.

Highlights

  • Binding strategic alliance with KBR (NYSE: KBR), a world-leading engineering group and global technology licensor set to supercharge Hazer’s commercialisation strategy
  • Hazer is KBR’s exclusive partner for marketing and licensing of methane pyrolysis technology
  • Clear revenue visibility targeting multiple license deals within 6 years, materially derisking Hazer’s business plan
  • Capital-lite licensing model maintained; KBR A$3million work program contribution preserves Hazer’s robust funding position
  • Strengthens Hazer’s market penetration into high-growth market segments of ammonia and methanol, and regions including North America and Middle East
  • CEO Glenn Corrie and other members of the management team will be hosting a webinar on Wednesday, 07 May 2025 at 09:00am (AWST) / 11:00am (AEST). Details provided below

KBR – A Global Leader in Technology Licensing

KBR is a world-renowned engineering and technology company delivering engineering and cutting-edge technology licensing solutions to companies and governments across energy, chemicals, infrastructure and defence. KBR has licensed over 260 grassroots ammonia plants since 1943. Over 50% of the world’s ammonia is produced using KBR’s ammonia process.

KBR also brings a strong track record in commercialising breakthrough industrial technologies. Notable partnerships include ExxonMobil for next-generation catalyst development, and Mura Technology (including a US$100 million strategic investment) to scale its proprietary plastic recycling solution world-wide.

Under the Alliance, KBR will be Hazer’s exclusive global partner for the marketing, licensing and deployment of Hazer technology to customers in the ammonia and methanol markets. KBR and Hazer will also work closely to pursue licensing opportunities in decarbonizing hydrogen markets beyond these exclusive markets.

KBR’s President Sustainable Technology Solutions, Jay Ibrahim, said:“KBR’s proven global expertise in deploying sustainable technology solutions complements Hazer’s leading methane pyrolysis technology, making us ideal partners. Our market assessment and due diligence have highlighted Hazer’s potential to decarbonize the global ammonia and methanol sectors. We are excited to partner with Hazer to provide a compelling low- carbon hydrogen production solution to meet growing global demand.’

Hazer’s CEO and Managing Director, Glenn Corrie, said:“We are excited to be joining forces with KBR to commercialise Hazer’s world-leading clean hydrogen technology on the global stage. This is a transformational transaction for Hazer coming at a critical time when the world urgently needs affordable, low-emissions hydrogen to decarbonise legacy hard-to-abate industries. Building on the momentum of our successful Commercial Demonstration Plant and technology test program, which laid the foundations of commercialisation last year, this partnership represents a strong endorsement and the next logical step in delivering on our strategic roadmap and unlocking long-term value for shareholders.

KBR has the scale, capability and reputation to help accelerate the deployment of Hazer’s technology at industrial scale. We see immediate potential in the ammonia and methanol sectors – industries with significant CO2 footprints and strong demand for clean alternatives. KBR’s market leadership, global reach and execution strength make them an ideal partner to bring our vision to life.”

Strategic Alliance to Commercialise Hazer’s Leading Methane Pyrolysis Technology

Under the Alliance, Hazer and KBR will collaborate on the up-scaling, marketing and licensing of the Hazer technology for commercial deployment.

Under the terms of the agreement, KBR will be Hazer’s exclusive licensing partner for the ammonia and methanol markets while working closely in other hydrogen sectors. The initial term of the Alliance is six (6) years with an option to extend subject to the achievement of performance metrics. The parties have agreed to collaborate on the development of a design package for Hazer facilities targeting hydrogen capacities of 50,000+ tonne per annum as well as the global sales, marketing and licensing of Hazer’s technology. Hazer will be KBR’s exclusive methane pyrolysis technology provider.

The total cost of the Alliance work program is anticipated to be in the range A$3.0-5.0 million of which KBR will contribute approximately A$3.0 million over the work program period. The Alliance is underpinned by performance objectives with a target of securing multiple firm licensing opportunities during the initial term.

In respect of royalty and licensing fee sharing, the Company will keep the market informed as license arrangements are signed. Hazer’s pre-existing portfolio and opportunity pipeline is not subject to the terms of the Alliance. An incentive structure applies in the event KBR secures a license for the first commercial unit secured within three years. There is no financial impact at this stage as no client agreements are in place.

In other terms, the agreement can terminate if licensing performance metrics are not met. Hazer retains full ownership of its existing intellectual property. The agreement otherwise contains terms customary for an arrangement of this kind.

Click here for the full ASX Release

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Understanding trends in the cannabis industry is paramount for investors eyeing a market with steady growth potential, but the landscape is complex as products and regulations continue to evolve.

Consumption habits are changing as edibles, vaping and THC beverages gain traction, especially among younger users, and cannabis companies are adapting their offerings to meet shifting demand.

Meanwhile, regulatory uncertainty, particularly surrounding the future of the US Farm Bill and state-level restrictions on hemp-derived cannabinoids, continues to challenge the market.

Despite these headwinds, production data and long-term growth forecasts suggest the cannabis industry remains on a promising — albeit turbulent — path. Read on for more on key trends to watch in 2025.

Consumption methods evolving post-legalization

Shifts in consumer behavior are reshaping markets across the board, and the cannabis industry is no exception.

While smoking remains the dominant method of cannabis consumption, a recent report from the Centers for Disease Control and Prevention highlights the growing popularity of edibles, vaping and dabbing.

The report notes that vaping and dabbing are particularly pronounced among younger adults.

A separate study published by the American Medical Association and funded in part by the Canadian Institutes of Health Research also points to how product preferences have changed among Canadian users since legalization in 2018.

The study indicates that while the use of flower, cannabis concentrates, oil, tinctures and topicals has decreased during that time, the use of vape cartridges, edibles and beverages has increased.

Edibles and beverages were legalized in Canada in late 2019, and Truss Beverage was one of the first players to introduce cannabis-infused drinks. Truss was a joint venture formed by Molson Coors Canada (TSX:TPX.A,TSX:TPX.B) and HEXO, a cannabis company that has since been acquired by Tilray Brands (TSX:TLRY,NASDAQ:TLRY).

In early 2020, Tilray launched a lineup of confectionery, wellness products and beverages through its subsidiary, High Park; Canopy Growth (TSX:WEED,NASDAQ:CGC) made a similar move. These companies gradually brought their products to the US as more states legalized cannabis for medical and/or recreational use.

Today, established cannabis brands typically offer edibles and beverages alongside their other products. Organigram Global (TSX:OGI,NASDAQ:OGI) is one of the newest US entrants, with its April acquisition of Collective Project providing immediate access to the US hemp-derived THC beverage market.

Growing awareness of health and wellness, potentially amplified by the pandemic-led adoption of health trackers, appears to be making an impact on the alcoholic beverage market.

A 2023 Gallup poll reveals a two decade decline in alcohol consumption, particularly among younger adults, suggesting a shift towards more health-conscious lifestyles within this demographic.

Craft beer production declined by 4 percent year-on-year in 2024, according to data collected by the Brewers Association. This marked the largest drop in the industry’s history, excluding the pandemic. For small, independent craft breweries, 2024 marked the third consecutive year of declining production. A drop in the number of operating small breweries last year provides further evidence of this trend, with 501 closures in 2024 versus 434 openings.

Challenges in the alcohol market extend beyond the brewing industry, with the New York Times recently reporting the closure of a handful of nightclubs facing decreased alcohol sales alongside rising insurance and rent costs.

Meanwhile, cannabis lounges have been popping up across the US for the last several years. As of early 2025, several states had legalized or were in the process of implementing regulations for cannabis consumption lounges.

Hemp market growth despite regulatory uncertainty

The burgeoning hemp industry is another segment of the expanding cannabis market.

The legalization of industrial hemp — defined as cannabis with a THC concentration of 0.3 percent or less — through the 2018 Farm Bill led to initial investment and optimistic projections for CBD wellness products and various industrial applications. The sector’s rapid evolution also brought the rise of hemp-derived intoxicating cannabinoids, creating a market that presented both opportunities and complexities for participants.

However, after an initial boom, a lack of infrastructure and clearly defined regulations for CBD, as well as state-level variations and market oversupply, ultimately contributed to a quick retraction.

2024 was a pivotal year for the US hemp industry, as the hemp-related provisions of the 2018 Farm Bill — originally set to expire in September 2023, but extended to December 31, 2024 — created an urgent need to address critical issues like THC limits and the regulation of novel hemp-derived cannabinoids. A major point of contention was the proposed shift from defining hemp based on Delta-9 THC concentration (0.3 percent or less) to “total THC,” which includes THCA.

This change had the potential to significantly impact farmers and processors, as many hemp varieties that are compliant under the Delta-9 THC rule could exceed the 0.3 percent limit when THCA is included.

Various bills and amendments were proposed in 2024 as part of the Farm Bill discussions, each with different approaches to regulating hemp. Separate regulatory frameworks for industrial hemp and hemp grown for cannabinoids were suggested, and many states took their own action, leading to a patchwork of regulations and even outright bans.

Despite challenges, data from the US Department of Agriculture suggests signs of recovery.

The department’s annual National Hemp Report from 2024 points to an 18 percent increase in industrial hemp production value between 2022 and 2023, with output growth seen in specific sectors like floral (18 percent), fiber (133 percent) and seed hemp (414 percent). The 2025 report from the Department of Agriculture indicates further expansion, with notable increases observed in both acreage (up 64 percent from 2023) and value (46 percent).

The 2024 Farm Bill ultimately did not pass, and right now the hemp industry is operating under a temporary extension of the 2018 Farm Bill under the American Relief Act of 2025, signed into law on December 21, 2024.

The 2018 Farm Bill is now set to expire on September 30, 2025.

While analysts for Markets and Markets project that the North American hemp industry will grow at a CAGR of 22.4 percent and ultimately reach a valuation of US$30.24 billion by 2029, the future of the industry will be heavily influenced by the outcome of the ongoing Farm Bill discussions.

US cannabis legalization remains stalled

Although there is clear demand for cannabis products, the now-defunct rescheduling process in the US is likely to continue casting a shadow of uncertainty over the industry’s long-term trajectory.

Legal and procedural delays, including allegations of improper conduct and bias within the US Drug Enforcement Administration (DEA), led to hearing cancellations, and the new administration of US President Donald Trump has brought leadership changes to key agencies like the DEA and the Department of Justice.

Terry Cole, who Trump nominated to be DEA administrator on February 11, has a history of opposing cannabis legalization in the country. Similarly, Pam Bondi, Trump’s pick to lead the justice department, staunchly opposed a movement to legalize medical cannabis during her tenure as Florida’s attorney general.

While there have been bipartisan efforts in Congress to end federal cannabis prohibition and establish regulations for eventual legalization, the DEA’s actions and statements indicate a potential stall or reversal of progress.

In addition to that, new research is adding complexity to the debate.

A study published in the American Journal of Psychiatry this past March highlights an association between the use of high-potency cannabis strains and increased risks of psychosis, a factor that may not have been fully considered by the Department of Health and Human Services. As stronger cannabis strains become more widely available, a reassessment of their potential health risks may be required.

Investor takeaway

While the cannabis industry holds promise for growth and innovation, investors must remain acutely aware of the regulatory uncertainties and market volatility that will undoubtedly shape its trajectory in the years to come.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Marine salvage experts on Sunday began operations to recover from the seabed off Italy’s Sicilian coast the British-flagged superyacht “Bayesian,” which sank last summer, killing UK tech magnate Mike Lynch, his daughter and five others.

Operations will be conducted by two floating cranes: “Hebo Lift 2,” which has remotely operated underwater equipment and vehicles, and “Hebo Lift 10,” one of the most powerful maritime cranes in Europe, which docked Saturday in the Sicilian port of Termini Imerese after arriving from Rotterdam.

The Italian coast guard is supervising operations and patrolling the security perimeter to ensure the safety of personnel working on the recovery. It said that the overall operation to retrieve the Bayesian could take from 20 to 25 days. After the wreck is brought ashore, judicial authorities investigating the sinking will examine it.

Prosecutors are investigating the captain and two crew members for possible responsibility in connection with the August 19, 2024, sinking. The 56-meter (183-foot)-long, 473-ton yacht sank during what appears to have been a sudden downburst, or localized powerful wind from a thunderstorm that spreads rapidly after hitting the surface.

The yacht’s 75-meter (246-foot) aluminum mast – the second tallest in the world — will be cut to allow the hull, which lies 49 meters (160 feet) below the surface, to be brought to the surface more easily, said coast guard Capt. Nicola Silvestri.

In addition to Lynch and his 18-year-old daughter Hannah, Morgan Stanley International Chairman Jonathan Bloomer and wife Judy, attorney Chris Morvillo and wife Neda, and ship’s cook Recaldo Thomas died in the shipwreck.

With the help of nearby vessels, 15 of the 22 people were rescued in the initial phase, one body was recovered, and six others reported missing. The bodies of the six missing people were found following long and complex search efforts, which continued until August 23.

This post appeared first on cnn.com

In a dilapidated home on the outskirts of Havana, Heidy Sánchez shows off photos from a past life.

She flips though images on her iPhone of visits to Sea World with her husband and 17-month-old daughter and the couple dressing up in Santa attire for Christmas.

“I don’t know if it was the American dream,” Sánchez said. “But it was my dream, my family.”

That dream and family were ripped away in late April when Sánchez was deported from Florida to her native Cuba, even though both her daughter and husband are US citizens.

Sánchez crossed into the US from Mexico in 2019 when the first Trump administration required asylum seekers to wait on the other side of the border for immigration appointments as part of the “Remain in Mexico” program.

But Claudia said threats from cartels, which often target Cubans for kidnappings and extortion, prevented her from making her appointment. When she finally did cross the border again she told immigration agents her life was at risk in Mexico and she was allowed to stay. After nine months in immigration custody, she was released and able to join her family in Tampa.

There she studied to become a nursing assistant, met her husband, a naturalized US citizen also from Cuba, and after several in vitro fertilization (IVF) treatments, finally realized her dream of becoming a mom.

Sánchez maintains she hardly fits the stereotype of the dangerous undocumented immigrants that the Trump administration says it is taking off US streets.

“I never had so much as a ticket,” she said.

Still, with the immigration hearing she had missed in 2019 and the changing political fortunes for Cuban immigrants who previously had residency in the US all but guaranteed, Sánchez’s time in the US was running out.

In April, Sánchez was contacted by Immigration and Customs Enforcement (ICE) that an appointment she had with officers was being moved up to the next day. Still, her attorneys told her it was likely a routine check-in. Instead, when she showed up for the appointment with her daughter Kailyn and an attorney, ICE agents told her she was being taken into custody and to hand over her daughter to relatives.

“Call the father to come get her, you are staying here,” Sánchez said the agents informed her.

‘Don’t take away my daughter’

In a statement, the Department of Homeland Security denied Sánchez and her attorney’s accounts that she was not given the option to take her daughter with her.

“We take our responsibility to protect children seriously and will continue to work with federal law enforcement to ensure that children are safe and protected,” DHS Assistant Secretary Tricia McLaughlin said.

“The Trump administration is giving parents in this country illegally the opportunity to self deport and take control of their departure process with the potential ability to return the legal, right way and come back to live the American dream,” the statement continued.

Sánchez’s attorney said they tried to stop her deportation by arguing that her removal would hurt her daughter, who she was breast feeding and has suffered seizures. But two days later, as Sánchez’s attorneys were requesting a hearing in the case, she was already in the air on a deportation flight to Havana.

Cañizares said the manner in which Sánchez was repeatedly moved from different ICE facilities – making it impossible to see her client – before her fast-track deportation was “shady.”

Now any possible legal avenue for Sánchez to return to the US could likely take years, Cañizares said. Sánchez and her family are hoping that backlash to her story could lead to enough public support – particularly among the Cuban-American community that supported Trump in the 2024 presidential race – to enable a reunification.

“The Trump administration is ripping families apart for political games,” US Rep. Kathy Castor (D-FL) posted on X along with a photo of her meeting Sánchez’s husband Carlos.

“We are pursuing every action to reunite this family and unfortunately are still waiting for a response from the White House to explain their illegal actions,” she posted.

As controversy swirls around her case, Sánchez is struggling to adapt to the dire situation in Cuba where daily power outages and increasing scarcities have made life even tougher on the island than when she left six years ago.

She lives in a house with relatives where parts of the ceiling are caving in and electricity is cut for hours each day. The cell reception from the one state-run provider is so spotty in the area she either has to walk several blocks away or scale up to the roof of the house to call her husband and daughter.

Her family is only a 90-minute flight away but for the immediate future remains agonizingly out of reach.

“I have to pump milk which should feed my daughter and throw it in the trash,” Sánchez said. “That hurts me so much to do.”

She worries constantly about her young daughter who has trouble sleeping and has suffered convulsions again following her mother’s deportation.

“Her father puts recordings of me singing to her so that she can sleep,” Sánchez said. “I am suffering but I know my girl is suffering more.”

This post appeared first on cnn.com

President Donald Trump has renewed his threat of using military force to annex Greenland, saying in an NBC News interview he wouldn’t rule it out to make the self-governing Danish territory a part of the United States.

It’s the latest in Trump’s many comments about seizing control of the resource-rich island, which he insists the US needs for national security purposes.

“I don’t rule it out,” he told NBC News’ Kristen Welker in an interview that aired on Sunday. “I don’t say I’m going to do it, but I don’t rule out anything.”

“We need Greenland very badly,” Trump said. “Greenland is a very small amount of people, which we’ll take care of, and we’ll cherish them, and all of that. But we need that for international security.”

He added that he doubted it would happen – but that the possibility is “certainly” there.

Trump has repeatedly expressed interest in buying the island, or the US taking it by force or economic coercion, even as NATO ally Denmark and Greenland have firmly rejected the idea.

There are a few factors driving that interest; Greenland occupies a unique geopolitical position, sitting between the US and Europe, which could help repel any potential attack from Russia, experts have said. It also lies along a key shipping lane, and is part of the Greenland-Iceland-United Kingdom gap, a strategic maritime region.

But experts also suspect Trump is eyeing other aspects of Greenland such as its trove of natural resources, which may become more accessible as climate change melts the territory’s ice. These include oil and gas, and the rare earth metals in high demand for electric cars, wind turbines and military equipment.

Since Trump began voicing plans for his presidency in December, his desire to annex Greenland has raised questions about the island’s future security as the US, Russia and China vie for influence in the Arctic.

But Greenland has pushed back strongly.

“President Trump says that the United States ‘will get Greenland.’ Let me be clear: The United States will not get it. We do not belong to anyone else. We decide our own future,” the island’s Prime Minister Jens-Frederik Nielsen said in March after Trump again suggested the use of military force.

Greenland’s not the only sovereign territory Trump has his sights on; the president has repeatedly threatened to annex Canada and make it the US’ “51st state,” souring relations between the two longtime allies.

Last week, Canada’s Liberal Party swept to victory in federal elections, with Prime Minister Mark Carney riding on a wave of anti-Trump sentiment and using his victory speech to declare Canada would “never” yield to the United States.

During the NBC interview on Sunday, Trump said it was “highly unlikely” he’d use military force to annex Canada.

“I don’t see it with Canada. I just don’t see it, I have to be honest with you,” he said.

He added that he’d talked on the phone with Carney after his election win, calling the Canadian leader a “very nice man.” Trump had congratulated Carney, but they did not discuss the threat of annexation of Canada, he said.

Carney is set to visit Trump in Washington on Tuesday. When asked whether the topic would come up during that visit, Trump responded: “I’ll always talk about that.”

If Canada was a state, “it would be great,” Trump added. “It would be a cherished state.”

This post appeared first on cnn.com

Israel’s security cabinet voted Sunday to expand military operations in Gaza and establish a new framework for the delivery of aid, according to two Israeli officials.

The vote came hours after the military said it would mobilize tens of thousands of reservists, strengthening its capacity to operate in the besieged Palestinian territory.

One Israeli official said the new plan for Israel’s war in Gaza involves “the conquest of territory and remaining there.” The Israeli military will displace the Palestinian population to southern Gaza while carrying out “powerful strikes” against Hamas, the official said.

Over 2,400 Palestinians have been killed in Gaza since mid-March when Israel launched a wave of deadly strikes, shattering a ceasefire which had been in place for nearly two months. More than 52,000 Palestinians have been killed in Gaza since the war began, according to the Palestinian Ministry of Health.

The expansion of the fighting will be gradual to give a chance for a renewed ceasefire and hostage release deal before US President Donald Trump’s visit to the region in mid-May, the officials said. Trump is scheduled to visit Saudi Arabia, the UAE, and Qatar next week, but there is currently no stop planned in Israel.

The cabinet also discussed allowing the resumption of aid deliveries into Gaza under a new framework which was approved, but has not yet been implemented, according to the source.

An Israeli blockade of all humanitarian aid into the strip is now in its ninth week.

Israel’s public broadcaster, Kan 11, reported that a confrontation had broken out during Sunday’s meeting over the resumption of aid deliveries with two far-right members of the cabinet, National Security Minister Itamar Ben Gvir and settlements minister Orit Strook opposed to any resumption of aid and Israel Defense Forces (IDF) Chief of Staff Lt. Gen. Eyal Zamir arguing Israel was obligated to facilitate them under international law.

According to the source, the Israeli media reports about the arguments over the aid “are not wrong.”

Israel says it cut off the entry of humanitarian aid to pressure Hamas to release hostages. But international organizations say its actions violate international law and risks creating a man-made famine, with some accusing Israel of using starvation as a weapon of war – a war crime.

The delivery mechanism in the works is intended to allow aid to reach the Palestinian population with safeguards to ensure it is not diverted by Hamas or Islamic Jihad, according to a State Department spokesperson.

An unnamed private foundation would manage the aid mechanism and the delivery of the humanitarian supplies into Gaza, the spokesperson said.

The US expects the United Nations and international aid organizations to work with the framework of the foundation’s mechanism to ensure that supplies do not reach Hamas, the spokesperson said.

Aid agencies working in the occupied Palestinian territory rejected the new framework for aid deliveries Sunday saying the plan appeared “designed to reinforce control over life-sustaining items” and would fail to ensure aid reached Gaza’s most vulnerable residents.

“The UN Secretary-General and the Emergency Relief Coordinator have made clear that we will not participate in any scheme that does not adhere to the global humanitarian principles of humanity, impartiality, independence and neutrality,” the groups said in a joint statement.

This post appeared first on cnn.com

Japan’s estimated child population has shrunk for the 44th straight year to a record low, government data showed Sunday, as the country grapples with a demographic crisis underscored by falling birth rates and a rapidly aging population.

The number of children aged 14 and under, was 13.66 million as of April 1, down 350,000 from a year ago, according to data released by the Ministry of Internal Affairs and Communications ahead of the country’s Children’s Day public holiday.

Children make up just 11.1% of Japan’s total population, which stood at 123.4 million last year, marking a marginal decline from the year prior.

By comparison, the proportion of children to the population was roughly 21.7% for the US in 2023 and 17.1% for China in 2024, according to respective government figures.

The demographic crisis has become one of Japan’s most pressing issues, with its birth rate continually declining despite government efforts to encourage young people to get married and start families.

Japan’s fertility rate – the average number of children born to women in their lifetime has stayed relatively flat at 1.3 in recent years – far below the 2.1 required to maintain a stable population.

For decades, it has been on a downward trend that has also seen the number of deaths overtaking births each year, causing the total population to shrink – with far-reaching consequences for Japan’s workforce, economy, welfare systems and social fabric.

In 2024, the country recorded 1.62 million deaths, according to the Health Ministry – more than double the number of births. The number of marriages rose only slightly, up around 10,000 from the year prior, but remained low, figures showed, while the number of divorces also rose.

Experts say the decline is expected to continue for at least several decades and is to some extent irreversible due to the country’s population structure. Japan is a “super-aged” nation, meaning more than 20% of its population is older than 65. The country’s total population stood at 123.4 million in 2024 – but by 2065 it is expected to have dropped to about 88 million.

There are several factors to explain why fewer people are opting to marry and have children, experts say, including Japan’s high cost of living, stagnant economy and wages, limited space, and the country’s demanding work culture.

Japan has a deeply-ingrained overwork culture. Employees across various sectors report punishing hours and high pressure from supervisors, leaving many young people of childbearing age to focus on their careers rather than starting a family.

Increasing living costs, which have been worsened by the weak yen, a sluggish economy and high inflation have contributed to public discontent, experts say.

The government, however, has sought to soften the impacts of its changing demographics, launching new government agencies to focus specifically on boosting fertility rates and incentivizing marriage. It has launched initiatives such as expanding child care facilities, offering housing subsidies to parents, and in some towns, even paying couples to have children.

Several of Japan’s neighbors, including China, Hong Kong, Taiwan, and South Korea have also struggled with population decline, as do several European nations such as Spain and Italy. However, unlike many of their East Asian counterparts, European nations have been far more open to immigration to soften the aging of their societies.

China, until recently the world’s most populous country, saw its population fall for a third consecutive year in 2024 with the number of deaths outpacing new births. India has now overtaken China on population size.

Correction: This article’s headline has been corrected to 14 years-old and under.

This post appeared first on cnn.com

In the truncated week due to one trading holiday, the markets extended their gains and closed the week on a positive note. While remaining largely within a defined range, the Nifty continued consolidating above its 200-DMA while not adopting any sustainable directional bias. While the Index continued defending its key support levels, it oscillated in the range of 535.10 points. Volatility continued moving higher; the India Vix surged by 6.41% to 18.26 on a weekly basis. While staying positive, the headline index closed with a net weekly gain of 307.35 points (+1.28%).

From a technical standpoint, the Nifty has kept its underlying bias intact; it is currently consolidating above the 200-DMA positioned at 24050. The 50-week MA is placed at 23962. This makes the 24950-24050 a strong 200-point support zone for the Nifty for the coming weeks and the foreseeable short term. So long as the Index keeps it above this 200-point support zone, it will just consolidate and not show any major drawdowns. However, any violation of 24900 will increase the possibility of some corrective retracement. Watching Nifty’s behavior vis-à-vis the zone of 23950-24050 would be crucial over the coming days.

The geopolitical tensions between India and Pakistan remain ingrained in the market behavior; the rise in Vix shows increased hedging activity by the market participants. Monday is likely to see a stable start to the day; the levels of 24550 and 24780 are likely to act as resistance levels. The supports come in at 24050 and 23900. The trading range is expected to stay wider than usual.

The weekly RSI stands at 57.92. While the RSI has formed a fresh 14-period high, it remains neutral and does not show any divergence against the price. The weekly MACD is bullish and trades above its signal line.

The pattern analysis shows that on the daily chart, the Nifty crossed above the 200-DMA a few days ago; now, it is consolidating just above this important level. It has penetrated the 50-week MA placed at 23962, and this level is now expected to act as support in the event of any corrective retracement. Importantly, the Nifty has resisted the rising trendline pattern resistance near 24600. This trendline begins at 21130 levels and joins the subsequent rising bottoms.

The coming week will require a more cautious approach as the markets not only deal with key resistance levels but also with geopolitical tensions that remain embedded in the backdrop. The investors will need to move away from the stocks that have risen over the past weeks and move to those sectors and stocks that are readying for a fresh move. While focusing more on low-beta stocks, the leverage, too, needs to be curtailed. The Index has risen over 2500 points over the past three weeks, and if it consolidates a bit, it should not surprise the market participants. A highly cautious and stock-specific approach is advised for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), which represents over 95% of the free-float market cap of all the listed stocks.

Relative Rotation Graphs (RRG) show the Nifty FMCG index has rolled inside the leading quadrant. The PSU Bank, Infrastructure, and Consumption Index are also inside the leading quadrant. The Metal, Commodities, Financial Services, and Nifty Bank Index are also inside this quadrant, but they are giving up on their relative momentum. However, these groups may continue to outperform the broader markets relatively.

The Services Sector Index has rolled inside the weakening quadrant.

While the Nifty IT index continues to languish inside the lagging quadrant, the Midcap 100, Auto, Realty, and Pharma Indices are seen improving their relative momentum while being inside the lagging quadrant.

The Nifty Media, PSE, and Energy Indices are inside the improving quadrant; they are expected to better their relative performance against the broader markets.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae


The market does not always follow the same script or sequence, but bear markets typically end with a bottoming process marked by specific stages. These include capitulation, a short-term reversal-thrust, a follow-through thrust and long-term regime change. The first two stages mark downside excess and the initial turn around, while the latter two signal strong follow through. Today’s report will look at the first two phases, and preview the last two.

Phase 1: Capitulation

The capitulation phase of a bear market occurs when traders throw in the towel as downside momentum and selling pressure accelerate. Usually, the capitulation phase occurs after an extended decline, and this phase is the first step to a bottom. The chart below shows SPY with Bollinger Bands (200,3), %B (200,3) and S&P 500 Percent Above 200-day SMA ($SPXA200R). Signs of capitulation emerge when %B is below 0 and/or fewer than 20% of S&P 500 stocks are above their 200-day SMAs. The blue dashed lines show capitulation in June 2022, September 2022 and early April 2025. Note that we initially covered this capitulation phase in a report on April 8th.

Phase 2: Short-term Thrust Signals (ZBT)

Phase 2 is marked by a sharp-reversal from oversold extremes and an upside thrust. The Zweig Breadth Thrust is perhaps the most famous thrust indicator these days. We covered the ZBT extensively over the last few weeks and introduced a strategy using this indicator. The chart below shows the S&P 1500 ZBT indicator in the lower window (10-day EMA of S&P 1500 AD%). A thrust signal triggered on April 24th and stocks followed through with further gains.  

Two Down and Two to Go

The capitulation phase showed excessive selling pressure and the thrust phase marked a short-term reversal. These are bullish events, but the market cup is not yet half full. SPY remains below its 200-day SMA and the late March high (see chart above). Medium-term thrust indicators have yet to trigger and long-term breadth remains bearish. The 14% surge over the last 17 days is impressive, but keep in mind that SPY surged 10% in nine days in March 2022, which was a bear market bounce.

TrendInvestorPro produced a report this week covering the four phases – and what to watch going forward. Click here to take a trial and get immediate access.

  • Phase 1: Capitulation
  • Phase 2: Short-term Thrust Signals
  • Phase 3: Medium-term Thrust Signals
  • Capitulation and Thrust Indexes
  • Phase 4: Long-term Indicators turn Bullish
  • Short-term Improvements, but Longer Term 

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