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.
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European forests are absorbing significantly less carbon dioxide than a decade ago, putting the European Union’s ambitious climate goals in jeopardy...
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South Korea’s National Assembly Speaker Woo Won-shik has urged the reopening of dialogue with North Korea, saying channels of communication must stay open despite Pyongyang’s recent rejection of talks.
U.S. President Donald Trump says he’s not actively pursuing a summit with Xi Jinping but confirmed that he may visit China later this year, following an invitation from the Chinese leader.
Billionaire Elon Musk has confirmed that Tesla will source $16.5 billion (about £12.8 billion) worth of chips from Samsung Electronics until 2033, marking a major win for the South Korean firm’s struggling chip foundry business.
South Korean investigators have revealed that pilots of the Jeju Air flight which crashed during an emergency landing last December may have shut down the less-damaged engine shortly after a bird strike.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Seven senior ministers in Costa Rica resigned on 29 July, intensifying the political crisis as President Rodrigo Chávez faces corruption allegations and mounting public unrest.
The United States, on 30 July, announced sweeping sanctions on more than 115 individuals, entities, and vessels tied to Iran, weeks after bombing key nuclear sites, as part of its intensifying pressure campaign on Tehran.
A coalition of over 60 rights organisations has signed a letter addressed to French President Emmanuel Macron demanding reparations for Haiti, whose economy was burdened for decades by a 19th-century compensation debt to France.
AnewZ and Agenzia di Stampa Italpress have signed a Memorandum of Understanding and Cooperation to develop and strengthen ties in the media sector.
President Donald Trump announced on Wednesday that the United States will impose a 25% tariff on imports from India starting August 1, along with an additional, unspecified penalty.
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