South Korean President Yoon Suk Yeol's impeachment over his controversial martial law declaration has plunged the nation into political turmoil. Prime Minister Han Duck-soo, a seasoned technocrat, has assumed the role of acting president.
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The Federal Reserve kept interest rates unchanged, indicating potential future cuts. Economic growth is slowing, and inflation persists above the 2% target, currently at 2.5%. Tariffs are influencing inflation through higher import costs. The Fed will reinvest more in Treasury securities to stabilize markets. Consumer sentiment is cautious as inflation may rise to 3% by year-end, driven by import taxes.
A gunman entered Coquette Brasserie in Raleigh and fatally shot a man before turning the gun on himself. The shooter is in critical condition and another bystander was injured but not severely. Police believe the incident resulted from a dispute and confirmed it wasn’t random. Traffic near North Hills shopping mall and several schools were temporarily affected.
Economist Raghuram Rajan contested the Trump administration's economic views, rebutting claims that high foreign demand for US Treasuries drives trade deficits. He attributed deficits to excessive domestic spending and warned that aggressive trade policies risk undermining confidence in the US dollar without resolving global imbalances.
The UK government is streamlining property sales by digitising data, enhancing efficiency, and reducing transaction delays. This 12-week initiative, led by the housing and planning minister, aims to modernise information sharing among conveyancers and lenders. As part of broader housing reforms, this strategy will help homebuyers save time and money while reducing stress.
Tehreek-e-Taliban Pakistan (TTP) has initiated 'Al-Khandaq Operations' to enforce Shariah law in Pakistan. Their strategy includes ambushes and guerrilla raids against military and security forces. The TTP, equipped with advanced weapons, has allied with the Balochistan Liberation Army (BLA) and the Islamic State, intensifying the threat to Pakistan.
97-year-old Judge Pauline Newman is fighting her suspension from the Federal Circuit, denying claims of mental unfitness. She argues delays in her opinions were due to meticulousness, not cognitive decline, and claims colleagues threatened her for seeking transparency. Her legal team, the NCLA, calls the suspension unconstitutional, citing clean medical evaluations and lack of due process.
Dan Bongino, a critic of Barack Obama, was appointed FBI deputy director by Donald Trump. Previously a Secret Service agent, Bongino has linked Obama to various political scandals. With conservative commentator Bongino and ally Kash Patel leading the FBI, significant changes are expected in the agency amid internal upheaval and scrutiny.
Delta Airlines flight DAL4 en route to New York from London declared an emergency due to a mechanical issue and diverted to Shannon, Ireland. All 129 passengers and crew landed safely. This incident follows a recent aviation tragedy involving a small aircraft crash in Honduras, resulting in 12 fatalities and 5 survivors.
Washington, DC, is set to host the inauguration of Donald Trump's second term, featuring wealthy supporters like Elon Musk, Jeff Bezos, and Mark Zuckerberg. The event has raised a record-breaking $170 million, with attendance from high-profile corporate leaders and billionaires.
Sudanese paramilitaries from the Rapid Support Forces (RSF) have killed over 200 people in a three-day assault on villages in White Nile state, including women and children. The attack involved executions, kidnappings, and looting, with some victims drowning while trying to flee across the Nile. The RSF’s actions, described as "genocide," have left hundreds wounded or missing. The violence is part of ongoing conflict in Sudan, which has displaced millions and created one of the worst... Expand