Top World News

Lee and Takaichi hold 4th meeting in 6 months to push South Korea-Japan cooperation

South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi have emphasized the need for cooperation amid global challenges, including the Iran war

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Fears of new China shock as EU industry’s reliance on imports grows

Rising volume of components imported from China prompts warning of cannibalisation of European industriesEurope is facing a fresh China shock that threatens to cannibalise local factories, leading to job losses and de facto colonisation of industry by Beijing, trade analysts and representatives have said.They fear the plunging exchange rate and support for Chinese “zombie firms” has echoes of the crisis in the US 25 years ago when the term “China shock” was coined. It referred to the impact of China bursting on to the global trade stage after becoming a member of the World Trade Organization, with soaring imports displacing local industries and causing the loss of up to 2.5m jobs. Continue reading...

Divers will try to recover 2 of the dead Italians from an Maldives underwater cave

Three Finnish divers will attempt to recover the bodies of two of the four Italians who died deep inside an underwater cave in an atoll in the Maldives

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Belfast harbour operator to invest £1.3bn as NI economy grows

Port has upgraded offshore wind facilities and is to expand quays, ferry terminals and cruise ship servicesThe operator of Belfast harbour plans to spend £1.3bn over the next 25 years to take advantage of strong economic growth in Northern Ireland, in what would be one of the largest non-governmental investments in the region’s history.The Belfast Harbour Commissioners said the money would be spent on upgrading the port, with the possibility of residential property developments that could add another £750m in investment on top. Continue reading...

Hungary’s Magyar kicks off his first foreign trip as prime minister to ally Poland

Hungary's new prime minister, Péter Magyar, is visiting Poland, a traditional ally that can offer plenty of lessons on political transformation and restoring democratic norms