A South Korean court approved an arrest warrant for impeached President Yoon Suk Yeol over his controversial martial law decision on December 3. This unprecedented action follows Yoon’s suspension from office after the National Assembly’s impeachment vote. Prime Minister Han Duck-soo now serves as acting president while the Constitutional Court decides Yoon’s fate.
Read Full StorySBI Life has approved a 10% stake acquisition in Bima Sugam India Federation for ₹6.6 crore. Bima Sugam, established in June 2024, aims to develop a centralized marketplace for insurance products and services. The investment will consist of 66 lakh equity shares at a face value of ₹10 each, pending an increase in Bima Sugam’s authorized share capital.
Read Full StoryPresident-elect Donald Trump endorsed House Speaker Mike Johnson, calling him a hardworking leader as Johnson prepares for a contentious speakership race. Despite Trump’s support, Johnson faces criticism from far-right Republicans over a recent spending deal. With leadership votes approaching, some GOP members express doubts about Johnson’s ability to unite the party and address spending concerns.
Read Full StorySouth Korea will inspect all Boeing 737-800 aircraft following a devastating crash that killed 179 people. This incident, the nation’s worst aviation disaster in decades, has raised concerns over government response amid a leadership vacuum due to recent political turmoil. Investigations are ongoing, with officials reviewing safety protocols and communication issues related to the crash.
Read Full StoryA federal appeals court upheld a jury’s decision that Donald Trump sexually abused columnist E. Jean Carroll in the mid-1990s, maintaining a $5 million award for defamation and abuse. Trump, who skipped the initial trial, has denied the allegations. The court dismissed his lawyers’ claims of trial errors, affirming the previous findings against him. Carroll expressed gratitude for the ruling.
Read Full StoryLinda Lavin, acclaimed Tony Award-winning actress and star of the sitcom "Alice," has died at 87 from lung cancer complications. Known for her role as a waitress and working mom, Lavin’s career spanned Broadway and television. She recently promoted new projects and left a lasting impact on the entertainment industry, celebrated for her comedic and dramatic performances.
Read Full StoryBitcoin enthusiasts are optimistic about a digital asset boom under President-elect Trump, with the cryptocurrency recently surpassing $100,000. Trump plans to position the U.S. as the "crypto capital" and has appointed crypto allies to key government roles. Investors are hopeful for favorable regulations and a strategic bitcoin reserve, driving significant investment into crypto-related exchange-traded funds.
Read Full StoryIn 2024, companies capitalized on favorable financing conditions, issuing record levels of debt amid tightening credit spreads. Investment-grade firms issued $1.662 trillion, a 27% increase from 2023, driven by strong corporate earnings and investor demand. However, future issuance depends on spread attractiveness and macroeconomic factors, as uncertainty looms over inflation and potential volatility in 2025.
Read Full StoryBrienna Hall, a customer-support engineer at ASML, plays a crucial yet unseen role in the global economy by maintaining extreme ultraviolet lithography machines vital for microchip production. These complex machines, essential for devices like smartphones and computers, rely on Hall’s expertise to operate efficiently. Her work ensures the smooth functioning of semiconductor manufacturing, highlighting the significance of her role in technology.
Read Full StoryRising tensions with China are prompting the U.S. to strengthen its maritime sector, essential for national security. The Navy aims to revitalize shipbuilding and the commercial fleet through proposed legislation, the SHIPS Act. As China dominates shipping, U.S. officials stress the need for a robust maritime strategy, linking economic development with naval power to ensure future competitiveness.
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