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The Korea Times

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SCMP
Asia

The Korea Times

World

Sat, June 3, 2023 | 16:09

US ambassador accuses South Africa of providing weapons to Russia

US ambassador accuses South Africa of providing weapons to Russia

The U. S. ambassador to South Africa accused the country Thursday of providing weapons and ammunition to Russia for its war in Ukraine via a cargo ship linked to a sanctioned company that docked secretly at a naval base near the city of Cape Town in December.

World | 2023-05-12 14:55

US, China look to move beyond balloon incident to stabilize ties

US, China look to move beyond balloon incident to stabilize ties

President Joe Biden's national security adviser met China's top diplomat this week and both sides recognized the need to move beyond an alleged spy balloon incident that caused a pause in relations between the superpowers, a senior U.S. official said on Thursday.

World | 2023-05-12 13:52

Ukraine says counteroffensive delayed; Britain sending cruise missiles to Kyiv

Ukraine says counteroffensive delayed; Britain sending cruise missiles to Kyiv

President Volodymyr Zelenskyy said in remarks broadcast Thursday that Kyiv is delaying its long-awaited counteroffensive against Russia's occupying forces because Ukraine lacks enough Western weapons to succeed without suffering too many casualties.

World | 2023-05-12 11:28

JPMorgan CEO Dimon says bank is convening a 'war room' on debt ceiling

JPMorgan CEO Dimon says bank is convening a 'war room' on debt ceiling

JPMorgan Chase CEO Jamie Dimon said on Thursday the bank is convening weekly meetings to discuss the implications of a potential U.S. default, according to an interview on Bloomberg TV.

World | 2023-05-12 09:54

US default would have very serious repercussions: IMF

US default would have very serious repercussions: IMF

US default would have very serious repercussions: IMF

The International Monetary Fund warned Thursday of severe consequences if the U.S. defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its borrowing limit.

World | 2023-05-12 08:59

Bank of England raises rates to highest level since 2008

Bank of England raises rates to highest level since 2008

The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5 percent on Thursday, taking borrowing costs to their highest since 2008 with its 12th consecutive rate rise, as it seeks to curb the fastest inflation of any major economy.The central bank no longer predicts recession after it revised up its growth forecasts from gloomy numbers released...

World | 2023-05-11 21:44

Yellen: Different system needed to end repeated standoffs over US debt ceiling

Yellen: Different system needed to end repeated standoffs over US debt ceiling

After dozens of standoffs with Congress over government spending in recent decades, Treasury Secretary Janet Yellen said Thursday that in her opinion, the United States should adopt a different ...

World | 2023-05-11 20:09

Italy's birth crisis is shrinking school classes, minister says

Italy's birth crisis is shrinking school classes, minister says

Italy's school population will shrink by one million in the coming decade because of the plunging birth rate and continuing brain drain, the education minister said on Thursday.

World | 2023-05-11 20:07

Australian minister heads to China seeking 'unimpeded' trade

Australian minister heads to China seeking 'unimpeded' trade

Australia's trade minister flew to Beijing on Thursday on a mission to demolish all Chinese import barriers after years of punishing sanctions and unofficial bans.

World | 2023-05-11 18:18

Pakistan arrests Imran Khan's party leaders as army deployed to quell unrest

Pakistan arrests Imran Khan's party leaders as army deployed to quell unrest

Pakistani authorities took senior leaders of former Prime Minister Imran Khan's party into custody as the government called out the army to help end widespread and deadly protests sparked by Khan's arrest.

World | 2023-05-11 17:05

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Top 10 Stories

1	Roland Garros 2023

2	Airlines fiercely compete to acquire additional aircraft

3	Seoul imposes sanctions on North Korean hacking group for role in space launch

4	More banks offer daily interest payments on deposits

5	POSCO, GM expand joint EV battery materials investment in North America

6	HMM tasked with preventing sale of Hyundai LNG to foreign firm

7	LG Chem joins Korean firms strengthening ties with Japan

8	KAERI distances itself from Oxford professor's claim on Fukushima water

9	Hyundai Elevator launches AI, IoT-powered maintenance service

10	Indo-Pacific region highlighted as important for Korean economy's future

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