IMF Warns: 'U.S. and Chinese Fiscal Deficits Are a Grave Risk to the Global Economy'US fiscal deficit to hit 7.1% of GDP next year, triple the average for advanced economiesChina’s fiscal deficit to reach 7.6%, double the average of emerging countriesUS debt also affects inflation…high inflation-high interest rate vicious circle The International Monetary Fund (IMF) warned on the 17th (local time) that the massive fiscal deficit in the United […]
Biden Soothes US Steelworkers: Pledges Tariff Hike on Chinese Imports and Reiterates Opposition to Japan's US Steel AcquisitionSimultaneously, President Biden aimed at his presidential rival, former President Donald Trump. He criticized Trump’s pledge, stating, “My predecessor (Trump) and conservative Republican lawmakers advocate for imposing comprehensive tariffs on imports from all nations,” further elaborating, “Such a policy could inflict significant harm on American consumers, potentially burdening every household with an additional $1,500 per […]
South Korean Politician Claims Coercion in High-Profile Corruption CaseControversy is brewing over allegations of prosecution’s persuasion by former Gyeonggi Province Vice Governor Lee Hwa Young, who was indicted in the illegal North Korean remittance case involving Lee Jae Myung, the leader of the Democratic Party. The Supreme Prosecutors’ Office has launched an investigation into the matter. On the 4th, former Vice Governor Lee […]
Fed Chair Powell: No Plans for Interest Rate Cut Amid Strong EconomyJerome Powell, Chair of the U.S. Federal Reserve (Fed), has scuttled the market’s hopes for a cut in the benchmark interest rate. According to the Wall Street Journal (WSJ) on the 16th (local time), Powell said at an economic forum in Washington, D.C., “Recent indicators have not given us more confidence. Rather, it suggests that […]
Historic Trilateral Financial Summit: U.S., South Korea, and Japan Unite in DCFor the first time, the finance ministers of South Korea, the United States, and Japan will gather tomorrow in Washington, D.C. The Ministry of Economy and Finance announced on the 16th that Deputy Prime Minister Choi Sang Mok will depart for the U.S. to attend the trilateral finance ministers’ meeting. This finance ministers’ meeting follows […]
How This 26-Year-Old Turned a 20-Minute Daily Hustle into $460k Annual IncomeFrancisco Rivera made a fortune of $530,000 selling custom-made candles online. Image: CNBC screenshot A 20-something American man makes headlines for earning over $462,000 a year with just 20 minutes of side work daily. Recently, CNBC introduced the story of Francisco Rivera (26, living in Orlando, Florida), who made $462,000 a year by creating and […]
Actor's Outburst Prompts Apple to Allow Used Parts for iPhone RepairsThere is a growing interest in why a Chinese actor smashed his iPhone on the ground. Famous Chinese actor Liu Jin, known for his roles in Angel’s Happiness and Green Love, recently posted a video on his Weibo account. In the video, Liu Jin smashes his iPhone on the ground multiple times in front of […]
Samsung's New S24 Series Made from Recycled Plastic Equivalent to 1 Million Plastic BottlesSamsung Electronics is committed to more than product development—it continues to develop technologies for people and the planet and innovate for a sustainable journey. Samsung announced on the 16th through its Newsroom that approximately 100 tons of recycled plastic will be used to produce the flagship smartphone Galaxy S24 series this year. This is equivalent […]
Fighting for Freedom: U.S. and South Korea Seek Solutions for North Korean Human Rights IssuesSouth Korea and the United States held the 2nd Korea-U.S. Consultation on North Korean Human Rights Issues to explore ways to cooperate in promoting strategic human rights in North Korea. The Ministry of Foreign Affairs announced, “Chun Young Hee, Director of the Peace Diplomacy Planning Division of the Ministry of Foreign Affairs, explored ways to […]
No Heads-Up: US Claims Ignorance of Iran's Attack on IsraelORIGINAL LINK: https://www.sedaily.com/NewsView/2D7XMB1B9D On December 13th (local time), the U.S. government stated that Iran did not notify it regarding its airstrike on Israel, which contradicts Iran’s claim that it had informed neighboring countries about the airstrike in advance. Matthew Miller, Spokesperson for the U.S. State Department, said at a regular briefing on the 15th that […]
China Facing Severe Population Crisis as 24 Provinces Show Natural DecreaseRecent statistics have confirmed the severity of China’s population crisis. According to the statistics researched last year, 24 provinces, cities, and autonomous regions showed a natural decrease in population out of 28. This suggests that the outlook will likely be quite bleak in the future. The scene in front of Tiananmen Square, a central location […]
Bolton Blasts U.S. and Israel for 'Massive Failure' in Iran DeterrenceFormer U.S. National Security Adviser John Bolton, known as a hardliner, has criticized the U.S. and Israel for not fully utilizing their deterrence capabilities against Iran’s attack on Israel. During his interview with CNN on the 14th (local time), Bolton stated, “We witnessed a massive failure of Israeli and American deterrence,” referring to the Iranian […]
Scholz in China: A Diplomatic Move to Address Trade Disputes and Ukraine CrisisGerman Chancellor Olaf Scholz made his second visit to China after taking office. During his stay, Chancellor Scholz is expected to discuss trade conflicts and the war in Ukraine with Chinese President Xi Jinping. According to Bloomberg, on the 14th, Chancellor Scholz entered China through Chongqing. CEOs from Siemens, Bayer, Merck, BMW, and Mercedes-Benz accompanied […]
Tech War Intensifies: China to Abandon Foreign CPU UseThe Chinese government reportedly instructed domestic telecommunications companies to cease using foreign chips in their network equipment by 2027. The Wall Street Journal (WSJ) reported this on December 12th (local time), citing a knowledgeable source. According to the report, China’s Ministry of Industry and Information Technology ordered the country’s three major state-owned mobile service providers, […]
Biden Steps Up Attack Against Trump, U.S. Presidential Election in Tight RaceThe recent survey findings reveal a notable narrowing of the gap between President Joe Biden and former President Donald Trump in approval ratings for the upcoming 2024 U.S. election, effectively placing them in a near-tie regarding support. With the forthcoming election anticipated to be closely contested, the competition between the two presidential contenders to secure […]
Kim Jong Un Honors Grandfather's Legacy on 112th Birth AnniversaryNorth Korea created a festive atmosphere to celebrate the 112th anniversary of the Day of the Sun, Kim Il Sung’s birthday (April 15th). The Workers’ Party of North Korea’s official newspaper, Rodong Sinmun, reported on the 15th, “The day of the nation’s greatest celebration, which our people celebrate with pride year after year, has dawned […]
TXT's 'Minisode 3: TOMORROW' Storms Billboard 200, Lands in Top 3TOMORROW X TOGETHER (TXT) has reached a milestone by securing their tenth entry on the prestigious U.S. Billboard 200 chart, a testament to their widespread international popularity. On the 15th, Big Hit Music revealed that TXT’s 6th mini album, minisode 3: TOMORROW, had claimed the 3rd position on the Billboard 200 chart, selling 103,500 copies […]
Iron Dome in Action: Israel Intercepts 99% of Iranian AttacksMost long-range cruise missiles are interceptedIron Dome specializes in short-distance kitDouble defense, including Patriot and Arrow On the 12th (local time), Israel’s Iron Dome air defense system intercepted rockets fired from Lebanon towards Israel. /Reuters Yonhap News On the 14th (local time), Iran launched its first military attack on the Israeli mainland, using hundreds of […]
China Intends to Focus South China Sea Dispute Pressure Only on the PhilippinesChina checks trilateral cooperation between the U.S., Japan, and the PhilippinesVietnam walks a tightrope between China and the Philippines China has agreed to set up a naval hotline with Vietnam, a country with territorial disputes in the South China Sea. According to the South China Morning Post (SCMP), on the 13th (local time), Dong Jun, […]
Kim Jong Un and Chinese Official Discuss Strategic Cooperation and FriendshipKim Jong Un warmly welcomed Zhao Leji, the third-ranking official of the Chinese Communist Party and Chairman of the National People’s Congress Standing Committee, who visited North Korea. This is interpreted as a will to narrow the distance with China, which had been relatively distant recently. In photos released by North Korean media, such as […]
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