Japanese stocks surged to a record high on Monday following a historic election victory for Prime Minister Sanae Takaichi's Liberal Democratic Party (LDP), while in the UK, cosmetics rival Warpaint acquired the iconic make-up brand Barry M. Meanwhile, protests erupted in Australia during the visit of Israeli President Isaac Herzog, and Danish consumers are increasingly using product-scanning apps to boycott American goods.
The LDP secured 316 out of 465 seats in Sunday's election, marking the first time a single party has won a two-thirds lower house majority since Japan's parliament was established in its current form in 1947, according to BBC Business. The Japan Innovation Party, the LDP's coalition partner, won in 36 more constituencies, bringing their combined total to 352 seats. This resounding mandate led to a surge in the Nikkei 225, which briefly surpassed 57,000.
In the UK, Warpaint's takeover of Barry M, one of Britain's last family-run make-up brands, was announced after the brand collapsed earlier this month, as reported by BBC Business. The £1.4 million acquisition will result in the closure of Barry M's factory in London and put 100 jobs at risk. Barry M, founded in 1982, had been a favorite among make-up fans for its eye-catching colors, but analysts cited a struggle to innovate and keep up with competitors. The brand was stocked in around 1,300 shops across the UK.
Across the globe, in Australia, police reportedly used pepper spray and tear gas on thousands of protesters demonstrating against the visit of Israeli President Isaac Herzog, according to Sky News. Mr. Herzog was invited by Australian Prime Minister Anthony Albanese. The protests occurred after a shooting at a Hanukkah event in Sydney's Bondi Beach in December.
In Denmark, mobile apps designed to help shoppers identify and boycott American goods have seen a surge in use, according to Euronews. This trend follows US President Donald Trump's repeated desires to acquire Greenland.
In other news, Al Jazeera Digital News Director Jamal Elshayyal spoke about the future of journalism in the AI age at Web Summit Qatar, as reported by Al Jazeera.
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