Larry Ellison backs Paramount’s Warner Bros. Discovery bid with $40.4bn guarantee
Paramount has reaffirmed its bid to acquire Warner Bros. Discovery, offering $30 per share in cash and backing the proposal with a $40.4 billion perso...
Lee Jae-myung leads polls as voters choose amid political upheaval, economic fears, and Trump’s tariff hike.
Millions of South Koreans are casting their ballots Tuesday in a high-stakes snap election, just months after former President Yoon Suk Yeol was impeached and removed from office for briefly imposing martial law in December. He now faces trial on rebellion charges.
Liberal candidate Lee Jae-myung is the clear frontrunner, riding a wave of public anger toward Yoon’s conservative camp. His main rival, Kim Moon Soo, has struggled to unite moderates as his party grapples with internal divisions and backlash over Yoon’s actions.
The new president will take office immediately on Wednesday, skipping the traditional two-month transition. Whoever wins will face mounting challenges, including a sluggish economy, rising tensions with North Korea, and a looming trade dispute as U.S. President Donald Trump prepares to raise steel and aluminum tariffs to 50% starting June 4.
More than 15 million people—nearly 35% of eligible voters—cast their ballots early during a two-day advance voting period. Final results are expected late Tuesday night.
Both Lee and Kim have pledged pragmatic diplomacy, supporting ties with the U.S. and regional partners. But analysts warn that financial markets and foreign policy space remain fragile amid Trump’s America-first policies.
Prospects for improving relations with North Korea appear slim, with Kim Jong Un ignoring diplomatic overtures and prioritizing ties with Russia. Lee has acknowledged a summit with the North is unlikely in the near future, though he supports renewed U.S.-North Korea dialogue.
The outcome of today’s vote will shape South Korea’s direction for the next five years—at a time of growing uncertainty both at home and abroad.
The death toll from Hong Kong’s deadliest fire in decades has risen to 161, after forensic analysis confirmed one more victim among the charred remains at Wang Fuk Court in Tai Po, more than three weeks after the blaze began, authorities said on Saturday.
Israeli Prime Minister Benjamin Netanyahu is set to meet President Donald Trump on 29 December in Florida, where he is expected to present a package of military options regarding Iran, Israel’s public broadcaster KAN reported on Saturday.
The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela, officials told on Sunday, in what would be the second such operation this weekend and the third in less than two weeks if successful.
The United States has proposed a potential new format for peace talks between Ukraine and Russia, which could include American and European representatives, Ukrainian President Volodymyr Zelenskyy said on Saturday, December 20.
A major power outage swept across San Francisco on Saturday, leaving up to 130,000 customers without electricity, disrupting traffic and forcing some businesses to close temporarily, officials said.
Paramount has reaffirmed its bid to acquire Warner Bros. Discovery, offering $30 per share in cash and backing the proposal with a $40.4 billion personal equity guarantee from billionaire Larry Ellison, despite the target company’s board urging shareholders to reject the offer.
Enrique Cocero, a political analyst, recently shared his insights on the escalating tensions surrounding the U.S. seizure of Venezuelan oil tankers.
Australia on Sunday, honoured victims of an attack that happened a week ago during a seaside Hanukkah celebration, as the prime minister announced a review of the country's law enforcement and intelligence agencies.
Israeli forces have launched new airstrikes across multiple areas of the Gaza Strip, despite an ongoing ceasefire agreement leading to multiple casualties.
Ukrainian forces have withdrawn from several positions in the north-eastern Sumy region, Kyiv confirmed on Sunday, 21 December, in a move linked to intense fighting near the Russia-Ukraine border.
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