Sterling, yen dragged by fiscal and political worries
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in...
South Korea’s former first lady Kim Keon Hee has been jailed after a court approved her arrest on bribery, stock fraud and influence-peddling charges, making her the only former first lady in the country’s history to be detained.
Kim, 51, was formally booked into the Seoul Nambu Detention Center on Wednesday, a facility opened in 2011 and run by a female warden. The court issued the warrant late on Tuesday, citing the risk that she could destroy evidence during an ongoing investigation by a special prosecutor.
The charges against Kim include failing to declare a luxury Van Cleef pendant reportedly worth more than 60 million won ($43,000) worn at a NATO summit in 2022, as well as accepting two Chanel bags valued at 20 million won ($14,380) and a diamond necklace from a religious group allegedly in exchange for favourable influence. Prosecutors allege the pendant was genuine and gifted by a domestic construction company, though Kim told investigators it was a fake bought two decades ago in Hong Kong.
Her lawyers have denied the accusations and dismissed media reports about some of the alleged gifts as unfounded. Kim apologised to the public last week for “causing concern” and described herself as “a nobody.”
She is being held in a solitary cell equipped with a small table and floor mattress, with separate access to a common shower.
She will be allowed one hour of outdoor exercise each day except Sunday, scheduled to avoid contact with other inmates.
Meals, costing about 1,500 won ($1.08), are the same as those given to other prisoners. Wednesday’s breakfast included toast with strawberry jam, sausages and salad according to reports.
Kim, a wealthy businesswoman who founded a fine art curation agency, owns most of the couple’s assets, including their apartment in an upscale district of Seoul. Her fashion choices and policy advocacy, such as pushing for a ban on dog meat, have previously sparked controversy in a country where first ladies typically maintain a low profile.
A former judge and prosecutor who worked with Yoon described Kim as having “a politically strategic mind” and being a driving force behind her husband’s political rise. The couple married when Yoon was 52 and Kim was 39.
Yoon Suk Yeol, president from May 2022 until his ouster in April 2025, is currently on trial for insurrection over a failed attempt to impose martial law in December. He faces the possibility of life imprisonment or the death penalty, charges he denies.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
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.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
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.
Ukraine’s air defence systems were activated in Kyiv on Wednesday as the capital came under a new Russian air attack. Authorities urged residents to remain in shelters during the strikes.
China launched its largest military parade on Wednesday, showcasing growing firepower as President Xi Jinping sought to project Beijing’s role on the global stage. Russian President Vladimir Putin and North Korean leader Kim Jong Un were among the leaders attending at Tiananmen Square.
China held its largest-ever military parade on Wednesday, showcasing its growing military power and geopolitical influence as President Xi Jinping positions Beijing as a custodian of the post-U.S. international order.
U.S. forces carried out a precision strike on a suspected transnational drug vessel in the southern Caribbean, killing all 11 people aboard, President Donald Trump and the Pentagon confirmed on Tuesday.
Moscow maintains that negotiations between Russia and Ukraine should continue, but stresses that progress is only possible if what it calls the “new territorial realities” are acknowledged.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment