Ferry sinks off Bali coast, dozens missing as rescue underway
A tragic ferry accident off the coast of Bali has left four dead and dozens missing, with rough seas complicating rescue efforts....
South Korea’s Prime Minister and Acting President Han Duck-soo has resigned and announced his presidential bid, pledging to shorten his term to three years in order to pursue constitutional reform and apply his economic expertise to address the ongoing trade crisis.
"I ultimately decided to step down from my position in order to do what I can, do what I must, for us to overcome the crisis we face," Han said, as cited by Yonhap.
Han made his announcement at the National Assembly, just one month before voters head to the polls on June 3 to elect a successor to impeached former President Yoon Suk Yeol.
Deputy Prime Minister Choi Sang-mok is now supposed to take on the role of the country’s acting president. He served in the position between December 2024 and March 2025.
Han, who previously served as prime minister under both liberal and conservative administrations and as South Korea’s ambassador to the United States, pledged to make an immediate push to amend the Constitution.
Outlining a detailed roadmap, Han said he would aim to draft an amendment proposal in his first year, finalize it in the second, and hold both general and presidential elections under the new Constitution in the third—after which he would step down.
“The key goal of amending the Constitution,” Han stated, “is for the president and the National Assembly to share power amid checks and balances—eliminating the juridification of politics and the politicization of the judiciary, and sincerely contributing to the national interest and public welfare through the institutionalization of cooperative governance and effective administration.”
Han also pledged to resolve current trade issues triggered in part by Washington's new tariff policy by drawing on his experience leading multiple trade negotiations to success.
He further promised to work for national unity and inclusion of the socially weak and marginalized.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Australia has confirmed a $1.3 billion missile deal with the U.S., highlighting its defence priorities, while stopping short of committing to Washington’s 3.5% GDP spending target.
A tragic ferry accident off the coast of Bali has left four dead and dozens missing, with rough seas complicating rescue efforts.
The Pentagon says U.S. strikes on Iranian nuclear sites have degraded Tehran’s programme by as much as two years, following attacks last month that used heavy bunker-buster bombs.
A CIA review has identified procedural flaws in a 2016 assessment that Russia sought to help Donald Trump win the U.S. presidency, but it did not challenge the core conclusion that President Vladimir Putin directed the influence campaign.
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