South Korea’s new President Lee Jae-myung vowed to rescue the nation from political chaos and economic turmoil, promising market reforms and renewed diplomacy after a historic electoral win.
Liberal leader Lee Jae-myung was sworn in as South Korea's president after a decisive victory in a snap election, marking a dramatic political shift following the collapse of Yoon Suk Yeol's government amid a failed martial law attempt. Pledging pragmatic, pro-market policies, Lee outlined plans to revive the economy strained by global protectionism, tackle cost-of-living issues, and address a looming trade dispute with the U.S.
He also emphasized peaceful engagement with North Korea and balanced diplomacy with China, while reaffirming South Korea's alliance with the U.S. Lee’s inauguration sparked a rally in South Korean markets, driven by investor optimism over economic reforms and a shift to greener energy. His government now faces the immediate task of negotiating with the Trump administration over punitive trade tariffs.
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The U.S. has banned government employees working in Saudi Arabia from using airports in the country without special authorisation. It comes after a deadly Houthi strike on Riyadh's King Khalid International Airport killed at least 13 people last week.
U.S. President Donald Trump has called it “a disgrace” that Ukraine has resumed attacks on Russian oil refineries. Attacks are continuing from Russia and Ukraine as media reports say Ukraine has almost run out of Patriot interceptor missiles.
An unknown projectile struck a tanker 68 nautical miles northeast of Saudi Arabia on Friday according to a report released by the United Kingdom Maritime Trade Operations (UKMTO) on Saturday.
Nationwide protests are set to begin in France on Saturday with students, trade unionists and remnants of the Yellow Vest movement expected to demonstrate against rising living costs amongst others.
Romanian rescuers resumed their search for seven missing sailors on Friday (16 October) after a drone strike set a chemical tanker ablaze near the country’s Black Sea coast. The attacks have raised fresh security concerns along a vital regional trade route.
The day after waiving sanctions and tariffs related to Russian exports, U.S. President Donald Trump said on Saturday he has yet to announce a final decision on the matter as Secretary of State Marco Rubio said officials want more time to evaluate the situation.
Russian strikes on Ukraine’s energy and water systems, combined with damaged homes and rising living costs, could force more people to flee this winter, the International Organization for Migration (IOM) warned on Friday, as its response plan for the country remains less than 7 per cent funded.
Ukrainian President Volodymyr Zelenskyy said on Saturday that a potential meeting between Ukraine, the United States and Russia could take place during the G20 summit in Miami in December, although neither Washington nor Moscow has confirmed the talks.
Nearly half of delegates walked out of an International Monetary Fund meeting in Bangkok on Saturday as Russian Finance Minister Anton Siluanov addressed the group, exposing deep divisions over Moscow’s war in Ukraine.
Nationwide protests are set to begin in France on Saturday with students, trade unionists and remnants of the Yellow Vest movement expected to demonstrate against rising living costs amongst others.
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