IMF board signs off on Pakistan review, keeps $7 billion program on track
The International Monetary Fund's (IMF) executive board approved Pakistan’s latest loan review on Monday, unlocking a critical $1.2 billion in finan...
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.
A coup attempt by a “small group of soldiers” has been foiled in Benin after hours of gunfire struck parts of the economic capital Cotonou, officials said on Sunday.
A delayed local vote in the rural Honduran town of San Antonio de Flores has become a pivotal moment in the country’s tightest presidential contest, with both campaigns watching its results as counting stretches into a second week.
A powerful 7.5-magnitude earthquake struck northeastern Japan late on Monday, prompting mass evacuations and tsunami warnings along the coastline.
Lava fountains shot from Hawaii’s Kīlauea volcano from dawn to dusk on Saturday, with new footage showing intensifying activity at the north vent.
McLaren’s Lando Norris became Formula One world champion for the first time in Abu Dhabi, edging Max Verstappen to the title by just two points after a tense season finale.
The International Monetary Fund's (IMF) executive board approved Pakistan’s latest loan review on Monday, unlocking a critical $1.2 billion in financial support, ensuring that the country’s ongoing IMF program remains on track.
U.S. President Donald Trump announced on Monday that he would allow Nvidia to ship its H200 chips to approved customers in China and other countries, under conditions that prioritize national security concerns.
Lando Norris, fresh off securing his first Formula 1 world championship, has confirmed he will proudly race with the No. 1 on his McLaren in the 2026 season.
Several regions in southern and western Russia issued urgent warnings early Tuesday morning about the potential for drone attacks, prompting temporary flight suspensions and airspace closures across multiple areas.
U.S. President Donald Trump on Monday threatened to impose a 5% tariff on Mexico, accusing the country of violating a water-sharing treaty.
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