Mercosur and EU Set to Finalize Long-Delayed Trade Deal at Uruguay Summit
Mercosur and the European Union are poised to announce a long-delayed trade deal during their summit in Uruguay, amid ongoing negotiations and mixed optimism.
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South Korea Bans Former Defense Minister Kim Yong-hyun from Leaving
South Korean prosecutors have banned former defense minister Kim Yong-hyun from leaving the country following his resignation and a controversial proposal to declare martial law.
South Korea’s Ruling Party Chief Pledges to Thwart President Yoon’s Impeachment
South Korea’s ruling People Power Party chief Han Dong-hoon vows to block President Yoon Suk-yeol’s impeachment motion, citing protection of supporters and demanding accountability.
South Korea’s Parliament Impeaches Chief Auditor and Top Prosecutors
South Korea’s parliament has passed impeachment motions against the chief state auditor and three top prosecutors over their roles in investigations related to the relocation of the presidential office and the first lady.
Global Tourism Nearly Back to Pre-Pandemic Levels in 2024
UN Tourism reports that international tourism reached 98% of 2019 levels in early 2024, with full recovery expected by year-end.
China’s Businesses Push Back Against US Semiconductor Export Restrictions
China’s business community strongly opposes the US’s new semiconductor export controls, citing threats to global supply chains and fair competition.
China Accelerates Hainan Free Trade Port as Global Business Hub
China’s Foreign Minister Wang Yi announces the rapid development of the Hainan Free Trade Port, emphasizing its role as a global business hub and key player in economic globalization.
China Embraces Increased U.S. Financial Partnership for Mutual Growth
China’s Vice Premier He Lifeng welcomes increased U.S. financial cooperation, highlighting the role of institutions like Goldman Sachs in strengthening economic ties.
French Government Toppled by Historic No-Confidence Vote, EU Stability at Risk
French lawmakers ousted Prime Minister Michel Barnier in a historic no-confidence vote, plunging France into political turmoil and threatening EU stability.
South Korea’s Defense Shift Amid Martial Law Crisis
South Korean President Yoon Suk-yeol accepts Defense Minister Kim Yong-hyun’s resignation amid a martial law crisis, appointing Ambassador Choi Byung-hyuk as his successor.