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Stocks Rally, Oil Dives as Trump Says War to End 'Very Soon'
This is Beirut 01/04 11:20 - Reading : 4 minute(s)
Donald Trump USA Benjamin Netanyahu Gulf Israel
Equities rallied and oil tumbled Wednesday after US President Donald Trump said the Middle East war would be over in up to three weeks and his Iranian counterpart said Tehran had "the necessary will" to bring it to an end. The remarks came as the economic impact of the conflict worsens, with average US gasoline prices topping $4 a gallon for the ...
South Korean President Clings to Power of Martial Law
This is Beirut 2024-12-05 10:25 - Reading : 4 minute(s)
United States USA Washington South Korea
South Korean President Yoon Suk Yeol was still clinging to power Thursday, with his party announcing they will oppose an impeachment motion after his short-lived imposition of martial law stunned the world. Yoon suspended civilian rule late Tuesday and deployed troops and helicopters to parliament only for lawmakers to vote down the measure and ...
At Least 179 Dead in South Korea's Worst Plane Crash
This is Beirut 2024-12-29 15:16 - Reading : 4 minute(s)
A Jeju Air plane carrying 181 people from Thailand to South Korea crashed on arrival Sunday, smashing into a barrier and bursting into flames, leaving all but two feared dead. A bird strike was cited by authorities as the likely cause of the crash, the worst ever aviation disaster on South Korean soil, which flung passengers out of the plane and ...
South Korean Lawmakers Impeach Acting President Han Duck-soo
This is Beirut 2024-12-27 10:30 - Reading : 3 minute(s)
South Korean lawmakers impeached acting President Han Duck-soo on Friday, finding he "actively participated in the insurrection" after his predecessor declared martial law earlier this month. "I announce that Prime Minister Han Duck-soo's impeachment motion has passed. Out of the 192 lawmakers who voted, 192 voted to impeach," said National ...
At Least 100 North Koreans Killed While Fighting for Russia
This is Beirut 2024-12-19 10:25 - Reading : 2 minute(s)
At least 100 North Koreans deployed to support Russia's war effort in Ukraine have been killed since entering combat in December, South Korean lawmaker Lee Seong-kweun told reporters Thursday. Pyongyang has sent thousands of troops to reinforce the Russian military, including to the Kursk border region, where Ukrainian forces seized territory ...
Founder of Spain’s Mango Clothing Chain Dies in Accident
This is Beirut 2024-12-14 22:10 - Reading : 4 minute(s)
Spain Mango Retail Clothing Isak Andic
Isak Andic, the founder of Spanish clothing retailer Mango, one of Europe's largest fashion groups, with nearly 2,800 stores worldwide, died Saturday in an accident, the company said. While the company did not provide further details, Spanish media reports said the 71-year-old died after falling while hiking with several members of his family ...
South Korean Lawmakers Impeach President Yoon Over Martial Law Bid
This is Beirut 2024-12-14 10:15 - Reading : 4 minute(s)
South Korean lawmakers on Saturday voted to impeach President Yoon Suk Yeol over his failed martial law bid, with the opposition declaring a "victory of the people". The vote took place as hundreds of thousands took to the streets of Seoul in rival rallies for and against Yoon, who launched a failed attempt to impose martial law on ...
Asian Markets Retreat as China Pledges Fail to Spark Excitement
This is Beirut 2024-12-13 09:55 - Reading : 3 minute(s)
Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders looked ahead to a key Federal Reserve policy meeting next week. A tepid week was on course for a damp finish, with Wall Street offering a negative lead after fresh data pointing to a pick-up in inflation. Hong Kong and ...
World Bank Announces Record $100 Billion Support for World's Poorest Countries
This is Beirut 2024-12-06 10:40 - Reading : 2 minute(s)
Banks Turkey United Kingdom United States
The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some of the world's poorest nations, which it can leverage to generate a record $100 billion in total spending power. Donor countries committed $23.7 billion to replenish the bank's concessional lending arm, known as the International ...
Bitcoin Surges past $100,000 Valuation for First Time
This is Beirut 2024-12-05 10:55 - Reading : 1 minute(s)
Donald Trump USA Bitcoin Korea
Bitcoin burst past $100,000 for the first time Thursday, while Seoul stocks slipped as South Korea's president faced impeachment after his brief imposition of martial law this week. After hovering around the mid-$90,000 mark in recent weeks, the popular cryptocurrency finally shattered the historic level in Asia after incoming US president Donald ...
South Korea President Yoon Announces Martial Law To Be Lifted
This is Beirut 2024-12-03 22:33 - Reading : 3 minute(s)
South Korea North Korea Martial Law Yoon Suk Yeol
South Korea's President Yoon Suk Yeol said Wednesday martial law would be lifted and troops withdrawn, hours after he made the shock declaration. "Just a moment ago, there was a demand from the National Assembly to lift the state of emergency, and we have withdrawn the military that was deployed for martial law operations. We will accept ...
South Korea: Arrest Warrant Issued for President Yoon Suk Yeol
This is Beirut 2024-12-31 10:05 - Reading : 2 minute(s)
A South Korean court issued an arrest warrant on Tuesday for ousted President Yoon Suk Yeol to compel him to appear before investigators seeking to question him over his failed attempt to impose martial law. "The arrest warrant and search warrant against President Yoon Suk Yeol (...) were issued this morning," the High-Ranking Officials ...
Japanese Yen Rises Ahead of Potential Interest Rate Cut
This is Beirut 2024-11-29 13:15 - Reading : 3 minute(s)
Banks Donald Trump Europe USA Japan
The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate cut next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration. With Wall Street closed for the Thanksgiving break, there were few catalysts to drive business heading ...
Kyiv, Seoul Say Will Deepen Security Ties Over N.Korea Troops
This is Beirut 2024-11-27 13:55 - Reading : 2 minute(s)
Kyiv Ukraine Volodymyr Zelensky South Korea North Korea Russia
South Korea and Ukraine agreed Wednesday to deepen security cooperation in response to the "threat" posed by the deployment of North Korea troops in Russia, the presidency in Seoul announced. The statement followed a meeting between South Korea's president and Ukraine's defense minister after their countries sounded the alarm ...
K-Dramas Offer Therapeutic Benefits, Experts Suggest
This is Beirut 2024-11-22 14:00 - Reading : 4 minute(s)
If you've ever binge-watched an entire season of a K-drama like Squid Game or Crash Landing On You, one Korean-American expert has good news: it's likely improved your mental health. High production values, top-notch acting and attractive stars have helped propel South Korean TV shows to the top of global viewership charts, but therapist ...
Russia Gave N. Korea Oil, Anti-air Missiles in Exchange for Troops
This is Beirut 2024-11-22 10:40 - Reading : 3 minute(s)
Kyiv Ukraine United Nations Vladimir Putin USA
Russia provided North Korea with oil, anti-air missiles and economic help in exchange for troops to support Moscow's war on Ukraine, government officials and a research group said Friday. The United States and South Korea have accused the nuclear-armed North of sending more than 10,000 soldiers to help Russia fight Ukraine, with experts saying ...
Most Asian Markets Track Wall St Gains, Bitcoin Closes on $100,000
This is Beirut 2024-11-22 09:05 - Reading : 3 minute(s)
New York Ukraine USA Vladimir Putin Volodymyr Zelensky White House
Most Asian markets gained Friday after a bounce on Wall Street, while bitcoin continued its march higher to move within touching distance of the $100,000 mark. Rising geopolitical tensions tempered the atmosphere and pushed oil higher after Russia hit Ukraine with a new-generation intermediate-range missile and sent a warning to the West. The ...
Bitcoin Breaks Records as Asian Markets Slump in Trump Era
This is Beirut 2024-11-11 10:40 - Reading : 3 minute(s)
China Donald Trump Asian markets
Most Asian markets fell Monday after China's keenly awaited plans to support the world's number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week's election win. Stocks rallied last week on hopes that a second Trump administration - supported by a ...
Dollar Soars, Bitcoin Hits Record as Trump Leads Key Swing States
This is Beirut 2024-11-06 09:45 - Reading : 3 minute(s)
Donald Trump Republicans bitcoin dollar
The dollar surged and bitcoin hit a record high Wednesday as traders bet on a victory for Donald Trump as he picked up key swing states needed to take the White House, ramping up bets on fresh tax cuts, tariffs and rising inflation. While polls had shown the race on a knife edge, the Republican appeared to be faring better than his Democratic ...
Asian Markets Rise Ahead of US Election
This is Beirut 2024-11-05 11:50 - Reading : 3 minute(s)
Asian markets mostly rose Tuesday, a day before results from the US presidential election rolled in, with opinion polls showing a knife-edge vote, while Chinese equities were boosted by hopes over the country's economy. Uncertainty about the outcome and worries that the winner might not be known for days has led to warnings that investors could ...
South Korea Orders Urgent Boeing 737-800 Inspections After Deadly Crash
This is Beirut 2024-12-30 11:45 - Reading : 4 minute(s)
South Korea ordered Monday a "comprehensive inspection" of all Boeing 737-800 aircraft operated by the country's carriers, after a Jeju Air plane crash-landed and burst into flames, killing 179 people on board. US air safety officials and staff from the beleaguered aircraft maker Boeing were arriving to join investigators probing the worst air ...
China Rejects U.S. Cyberattack Allegations on US Treasury, Denouncing "False Pretexts"
This is Beirut 2024-12-31 11:16 - Reading : 3 minute(s)
United States China Cybersecurity US Treasury Department
Beijing on Tuesday hit back at accusations that a China state-sponsored actor was behind a cyber breach at the US Treasury Department, calling the claims "groundless". The Treasury said the attack resulted in access to some of its workstations, according to a letter to Congress seen by AFP. According to the Treasury, the incident ...
US Claim Thousands of North Koreans Preparing to Fight in Ukraine
This is Beirut 2024-11-01 10:15 - Reading : 3 minute(s)
Ukraine United States Volodymyr Zelensky North Korea Russia
The United States revealed Thursday that up to 8,000 North Korean soldiers are preparing to fight in Ukraine, as Pyongyang heightens tensions with the launch of an intercontinental missile just days before the U.S. elections. Citing U.S. intelligence services, Secretary of State Antony Blinken stated that of the 10,000 North Korean soldiers, ...
Markets extend global rally as Trump-Xi talks boost sentiment
This is Beirut 2025-01-20 11:10 - Reading : 3 minute(s)
Paris Donald Trump dollar Washington immigration
Most Asian markets rose Monday following a rally on Wall Street and a record-breaking day in Europe, with sentiment boosted by positive talks between Donald Trump and Chinese President Xi Jinping that soothed worries about the incoming US leader's second term. A sense of caution has permeated trading floors ahead of the tycoon's inauguration ...
From North Korea to K-pop: A Debut Journey of Hope
This is Beirut 2025-03-27 12:30 - Reading : 4 minute(s)
Growing up in North Korea, Hyuk's childhood was about survival. He never listened to banned K-pop music, but after defecting to the South, he's about to debut as an idol. Hyuk is one of two young North Koreans in a new K-pop band called 1Verse — the first time that performers originally from the nuclear-armed North have been trained for stardom ...
South Korea Court Reinstates Impeached PM Han as Acting President
This is Beirut 2025-03-24 09:50 - Reading : 4 minute(s)
Duck-soo South Korea Constitutional Court
South Korea's Constitutional Court dismissed the impeachment of Prime Minister Han Duck-soo on Monday, reinstating him as acting president—a role he took after the president was suspended for declaring martial law. The court ruling is the latest development in South Korea's complex and sprawling political crisis, which President Yoon Suk Yeol ...
Stocks Rally on Hopes of Chinese Stimulus and Tariff Relief
This is Beirut 2025-03-05 13:05 - Reading : 4 minute(s)
Paris Donald Trump dollar budget Canada
Markets rallied on Wednesday as investors welcomed China's economic targets and a U.S. official signaled that President Donald Trump could dial down tariffs on Canada and Mexico. Global stocks had tumbled on Tuesday after China, Mexico, and Canada retaliated against U.S. tariffs, and fears grew that Europe could be Trump's next target. There was ...
Trade Wars Intensify as US Tariffs on Canada, Mexico and China Take Force
This is Beirut 2025-03-04 09:20 - Reading : 4 minute(s)
USA Donald Trump United States Washington
Mounting trade wars between the United States and its largest economic partners deepened on Tuesday as US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa. Steep US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Donald Trump's levies passed without the ...
Trump to Impose New Tariffs on China, Mexico, and Canada as of Next Week
This is Beirut 2025-02-27 19:15 - Reading : 2 minute(s)
Donald Trump Tariffs China Canada Mexico
US President Donald Trump said Thursday that he would impose an added 10 percent tariff on Chinese imports while moving ahead with levies on Canada and Mexico next week, citing "unacceptable" fentanyl smuggling. Trump had announced – then halted – sweeping 25 percent levies on Canadian and Mexican imports this month over illegal immigration ...
Chatbot vs National Security? Why DeepSeek is Raising Concerns
This is Beirut 2025-02-17 11:25 - Reading : 4 minute(s)
Donald Trump New York USA DeepSeek
Chinese AI chatbot DeepSeek upended the global industry and wiped billions off US tech stocks when it unveiled its R1 programme, which it claims was built on cheap, less sophisticated Nvidia semiconductors. But governments from Rome to Seoul are cracking down on the user-friendly Chinese app, saying they need to prevent potential leaks of ...