Germany approves 2025 budget, marking new spending era
Germany's parliament approved on Thursday the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed earlier this year...
The United States wants South Korea to join a coordinated push to limit China’s fast-growing share of the world shipbuilding market, Seoul’s trade ministry said on Friday, tying the request to talks over 25 % tariffs on steel, cars and other goods.
Trade Policy Director Chang Sung-gil told a parliamentary forum that U.S. negotiators “feel a sense of crisis that China’s market share is rising” and see South Korea, the No 2 shipbuilding nation, as a “strategic partner” in efforts to counter Beijing.
Washington, he said, is asking Seoul to cooperate not only in ship construction itself but in unspecified “other areas” as a precondition for deeper industrial collaboration. The Biden administration also wants South Korea to increase purchases of U.S. energy and farm products in exchange for discussing a rollback of reciprocal 25 % tariffs imposed under Section 232 in 2018.
China’s foreign ministry urged both allies to avoid deals that harm third-party interests. “No agreement or negotiation should harm the interests of third parties,” spokesperson Mao Ning told reporters in Beijing on Friday.
The rivalry comes as China has captured more than 50 % of the global order book for new vessels, while South Korea holds roughly one-third, according to Clarkson Research Service data. The U.S. builds few commercial ships but fears Chinese dominance could give Beijing leverage over critical maritime supply chains.
South Korean officials say any pact must balance national sensitivities about importing additional U.S. farm goods—always a contentious issue in Seoul—and protect the domestic steel industry, which faces the same U.S. tariffs it has lobbied to remove.
Industry analysts expect the talks to intensify ahead of a possible summit later this year, but warn that aligning on both trade and strategic objectives will be difficult. “Seoul relies heavily on Chinese components even as it competes for hull orders,” said Park Jin-woo, a logistics professor at Korea Maritime University. “Decoupling at the shipyard gate will not be straightforward.”
Neither the U.S. Trade Representative’s office nor South Korea’s industry ministry has publicly commented on the substance of the private discussions.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Germany's parliament approved on Thursday the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed earlier this year, securing record investments to revive the economy while committing to an increase in defence spending.
Ukrainian troops and engineers will train their Polish counterparts in a joint group on countering drones, Ukraine's defence minister Denys Shmyhal said on Thursday, a week after Russian drones flew into Poland.
The Ambassador of Afghanistan to Russia, Ghulam Hassan, has met with Zamir Kabulov, Moscow’s Special Envoy for Afghanistan, to discuss deepening ties and regional engagement, the Afghan embassy in Moscow said on Wednesday.
FBI chief Kash Patel told the U.S. Senate on Tuesday there was “no credible information” that Jeffrey Epstein trafficked women or underage girls to anyone but himself, as he defended the bureau’s decision to close its review.
As well as a text message, the suspect accused of assassinating right-wing activist Charlie Kirk in Utah also wrote a physical note message before the shooting that he planned to kill Kirk, FBI Director Kash Patel said on Monday.
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