South Korea’s new president Lee Jae-myung wasted no time addressing economic concerns, launching his first cabinet meeting with an urgent focus on reviving the economy and supporting struggling households.
Just a day after taking office, President Lee Jae-myung chaired his first cabinet meeting, emphasizing the need for swift action on economic recovery—a key promise from his campaign. Lee enters office amid political upheaval following former president Yoon Suk Yeol’s brief imposition of martial law, which triggered his impeachment and public outrage.
Lee criticized the state of the presidential office, and pledged immediate stimulus spending of at least 30 trillion won ($22 billion) to counter sluggish growth. With South Korea’s economic forecast nearly halved this year, Lee and his nominated prime minister, Kim Min-seok, warn of a crisis deeper than the 1997 Asian financial crash. Meanwhile, unresolved issues with U.S. tariffs remain a looming challenge.
The Philippines has inked a $700 million agreement with South Korea's KAI to acquire 12 advanced FA-50 fighter jets by 2030, enhancing its military capabilities amid regional tensions.
Following his swift election, President Lee Jae-myung is expected to take a cautious approach to U.S. trade negotiations, using the transition period to reassess his strategy while monitoring the moves of China and Japan.
The White House congratulated South Korea on a fair election but voiced concern over potential Chinese influence as liberal candidate Lee Jae-myung assumes the presidency.
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 candidate Lee Jae-myung is on track to win South Korea’s snap presidential election, according to a joint exit poll released Tuesday, just two months after former President Yoon Suk Yeol was ousted over his brief imposition of martial law.
The Netherlands will hold snap general elections on October 29, following the collapse of the ruling coalition triggered by the withdrawal of support from the far-right Party for Freedom (PVV), led by Geert Wilders.
Azerbaijan hosted a high-level conference titled "From Momentum to Milestones: Advancing Climate Action in Tourism Beyond COP29" as part of the 71st session of the UN Tourism Commission for Europe.
A high-level trade meeting between the United States and China is expected to occur within the next seven days, White House trade adviser Peter Navarro said Friday, following Thursday’s phone call between President Donald Trump and Chinese President Xi Jinping.
Russia launched one of its largest air assaults of the war on Friday, striking Kyiv and multiple Ukrainian cities with missiles and drones, killing three emergency responders and injuring dozens across the country.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
A bridge collapse in the Vygonichsky district of Russia’s Bryansk region, near the Ukrainian border, caused a train derailment and a traffic accident early Sunday, killing at least seven people and leaving 30 injured, according to emergency services.
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
Peace talks between Russia and Ukraine ended abruptly in Istanbul on Monday, lasting just over an hour amid mounting tensions following a major Ukrainian drone strike on Russian strategic bombers and renewed pressure from the U.S. for a breakthrough.
Central Asia’s growing relevance in the global critical minerals supply chain took center stage at the U.S.–Central Asia Forum hosted by the Atlantic Council’s Eurasia Center on June 4.
China is intensifying its strategic use of rare earth exports as leverage in the ongoing trade dispute with the United States, signaling a shift in the battleground of economic confrontation.
Germany will increase its military personnel by up to 60,000 troops as part of efforts to meet new NATO force and readiness targets, Defence Minister Boris Pistorius announced Friday, citing the country’s responsibility as Europe's largest economy.
British Finance Minister Rachel Reeves is preparing to unveil a high-stakes, multi-year public spending review on June 11 that will allocate over £2 trillion ($2.7 trillion) and shape the Labour government’s ambitions through the rest of its term.
The Netherlands will hold snap general elections on October 29, following the collapse of the ruling coalition triggered by the withdrawal of support from the far-right Party for Freedom (PVV), led by Geert Wilders.
The Netherlands will hold snap general elections on October 29, following the collapse of the ruling coalition triggered by the withdrawal of support from the far-right Party for Freedom (PVV), led by Geert Wilders.
Azerbaijan hosted a high-level conference titled "From Momentum to Milestones: Advancing Climate Action in Tourism Beyond COP29" as part of the 71st session of the UN Tourism Commission for Europe.
A high-level trade meeting between the United States and China is expected to occur within the next seven days, White House trade adviser Peter Navarro said Friday, following Thursday’s phone call between President Donald Trump and Chinese President Xi Jinping.
Russia launched one of its largest air assaults of the war on Friday, striking Kyiv and multiple Ukrainian cities with missiles and drones, killing three emergency responders and injuring dozens across the country.
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