Wall Street ends week lower as tech shares retreat
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices....
South Korea’s Lee Jae-myung and Vietnam’s Luong Cuong agreed during a phone call on Thursday to deepen ties with joint high-speed rail and nuclear-energy projects.
South Korea’s newly inaugurated President Lee Jae-myung and Vietnamese President Luong Cuong spoke by telephone on Thursday and agreed to broaden their comprehensive strategic partnership into new, big-ticket infrastructure and energy projects, including high-speed rail links and the joint development of nuclear-power plants. Lee urged “vigorous, high-level exchanges” between ministries to turn those ambitions into concrete programmes, his office said.
The two leaders reviewed the rapid expansion of bilateral commerce, which reached about US $81.5 billion in 2024 and is officially targeted to hit US $150 billion by 2030. They agreed that deeper supply-chain integration—particularly in semiconductors, consumer electronics and renewable energy—will be critical to achieving that goal. vietnamnews.
Hanoi’s flagship North–South high-speed railway remains a national priority but still lacks proven technology partners. Seoul, whose firms have built and operated KTX lines for two decades, offered technical and financing packages aimed at accelerating Vietnam’s feasibility studies and workforce training.
South Korea, which runs 26 commercial reactors and is one of the world’s leading exporters of mid-sized nuclear technology, signalled readiness to participate in Vietnam’s revived civil-nuclear plans—covering site assessment, regulatory support and localisation of reactor components.
Both presidents tasked their foreign, industry and transport ministries with drafting a joint action plan before the year’s end. Senior officials are expected to meet in Hanoi this summer to map out pilot projects and financing models, paving the way for potential inter-governmental agreements when Lee pays his first state visit to Vietnam later in 2025.
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Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
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