Wall Street little changed after Fed holds rates steady
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a dec...
South Korea’s parliament passed impeachment motions on Thursday against Justice Minister Pak Song Ce and National Police Agency Commissioner Cho Ci-ho.
South Korea's parliament passed impeachment motions against Justice Minister Park Sung-jae and National Police Agency Commissioner Cho Ji-ho. The no-confidence vote in Park saw a majority of lawmakers in favor, with 195 voting for his impeachment and 100 against. Similarly, the motion against Cho gained 202 votes in favor and 88 against. The impeachment against Park will now be referred to the Constitutional Court, which is tasked with making the final decision on his removal from office.
In a further development, the police have requested an arrest warrant for Cho Ji-ho, adding to the growing legal and political pressures surrounding the high-ranking official. This marks a significant escalation in the ongoing political tensions, as both Park and Cho are closely associated with President Yoon Suk Yeol’s administration. The impeachment motions come at a time when South Korea’s political landscape is increasingly divided, with growing scrutiny over the government’s handling of key legal and law enforcement issues.
In addition to the impeachment motions, South Korea's parliament also passed the "Yoon Seok-yul Public Prosecution Act" and the "Kim Geon-hee Special Prosecution Act," which aim to address concerns over the prosecution's role and accountability. These legislative actions, alongside the impeachment votes, are seen as part of a broader political struggle as lawmakers push for greater oversight of the executive branch. As the Constitutional Court considers Park’s fate, the political climate in South Korea remains tense, with both public and political attention focused on the unfolding legal proceedings.
France’s National Assembly has approved a bill banning access to social media for children under 15, a move backed by President Emmanuel Macron and the government as part of efforts to protect teenagers’ mental and physical health.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Israel has recovered the remains of the last remaining hostage held in Gaza, the military said on Monday, fulfilling a key condition of the initial phase of U.S. President Donald Trump's plan to end the war in the Palestinian territory.
Sanctions are a long-used tool designed as an alternative to military force and with the objective of changing governments’ behaviour, but they also end up hurting civilian citizens.
A routine military training exercise turned into a major recovery mission this week after a catastrophic mudslide swept through a hillside in West Java, Indonesia.
Life will be particularly tough for Ukrainians over the next three weeks due to plunging temperatures and a compromised energy infrastructure that has been pummeled by intense Russian attacks, depriving millions of light and heat, a senior lawmaker said on Wednesday.
Storm Kristin has killed at least three people and left more than 800,000 residents without electricity across central and northern Portugal, as violent winds, heavy rain and snowfall battered the country before moving into Spain.
New York City Mayor Zohran Mamdani has called for tax increases on the city’s wealthiest residents and most profitable corporations, warning that the city is facing a fiscal crisis on a scale greater than the Great Recession.
The United States is handing over a tanker to Venezuela that it seized earlier this month, according to two U.S. officials, marking the first known case of Donald Trump’s administration returning such a vessel, Reuters reported.
Colombian authorities on Wednesday located a missing plane carrying 15 people in the northeast of the country, with no survivors found, an Air Force source and local media said.
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