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Top Asia Pacific Breaking News: Latest Updates
Justice Department announces a $1.7B fund to compensate Trump allies
Oil tanker arrives in South Korea after passing through Strait of Hormuz
Ukraine's attack on Moscow is another sign the war is not so distant
North Korea will deploy new artillery guns targeting Seoul
World shares mostly retreated and oil prices jumped Monday after U.S. President Donald Trump warned Tehran that the “clock is ticking” as U.S.-Iran negotiations over a permanent end to the war stall. U.S. futures fell and markets in Japan and South Korea pulled back from their records.
SEOUL, South Korea (AP) – An South Korean appeals court has reduced the prison sentence of a former prime minister convicted of rebellion for his role in then President Yoon Suk Yeol’s ill-fated imposition of martial law in December 2024.
BEIRUT (AP) – The death toll in the latest round of fighting between Israel and the Iranian-backed Hezbollah in Lebanon surpassed 3,000, Lebanon’s health ministry said Monday. The ministry said the toll is now 3,020 killed in the Israeli strikes, including 292 women and 211 children.
OMAHA, Neb. (AP) – Berkshire Hathaway more than tripled the size of its investment in Google’s parent company and bought over $2.6 billion worth of Delta Airlines stock as Greg Abel settled into the CEO job after taking over from Warren Buffett at the start of the year.
Aircraft manufacturer Boeing will make its first major sale to China in nearly a decade with an order for 200 planes, President Donald Trump told reporters Friday as he flew back from his summit with Chinese President Xi Jinping.
Starbucks said Friday it’s laying off 300 corporate employees and closing some U.S. offices as part of its ongoing turnaround. No coffeehouse employees are affected, the company said. The cuts will impact employees in support functions like marketing, human resources and supply chain management.
WASHINGTON (AP) – The Trump administration on Monday announced the creation a $1.7 billion fund to compensate allies of the Republican president who believe they were mistreated by the Biden administration Justice Department.
World shares mostly retreated and oil prices jumped Monday after U.S. President Donald Trump warned Tehran that the “clock is ticking” as U.S.-Iran negotiations over a permanent end to the war stall. U.S. futures fell and markets in Japan and South Korea pulled back from their records.
NUUK, Greeland (AP) – Greenland’s Prime Minister Jens-Frederik Nielsen said Monday that he had a respectful and positive meeting with U.S. President Donald Trump ‘s special envoy to the Arctic territory, but that he made it clear that the Greenlandic people continue to insist on self-determination.
NEW DELHI (AP) – Iran ‘s foreign minister said a lack of trust is the biggest obstacle in negotiations to end the war with the U.S., saying Friday that Tehran would be open to diplomatic help, particularly from China, to help ease tensions. Iranian Foreign Minister Abbas Araghchi said contradictory messages have “made us reluctant about the real intentions of Americans.”
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