International

South Korea: Ex-Prez Yoon remains at official residence for 4th day following ouster

South Korea: Ex-Prez Yoon remains at official residence for 4th day following ouster

Former South Korean President, Yoon Suk Yeol, remained at the official residence in Seoul for the fourth day on Monday after being removed from office over his short-lived martial law declaration in December.

Yoon is currently preparing to vacate the Hannam-dong residence in central Seoul following the Constitutional Court's ruling last Friday, though specific details have not yet been finalised, a presidential official said.

"The date of his departure and his next residence have not been confirmed," the official told News Agency by phone.

Following his inauguration in May 2022, Yoon relocated the presidential office from Cheong Wa Dae in downtown Seoul to the Defence ministry compound in the central district of Yongsan.

Hamas asked $500 million from Iran to fund Oct 7 attack: Israel

Hamas asked $500 million from Iran to fund Oct 7 attack: Israel

Israel has made public an intelligence document that, according to its officials, reveals a direct financial and operational link between Hamas and Iran, including a request for $500 million to carry out its plans to invade Israel -- an attack that was executed on October 7, 2023.

Israeli Defence Minister Israel Katz shared the document and accompanying video on social media platform X, stating, "I am presenting here for the first time a document that was found in the tunnels of senior Hamas officials in Gaza, which proves a direct relationship between Iran and Yahya Sinwar and Muhammad Deif, as part of Iran's support for the Hamas plan to destroy Israel."

The intelligence material was reportedly discovered by Israeli forces during operations in Hamas tunnels and was unveiled during Katz's visit to the IDF's "Amshat" intelligence unit, as reported by The Times of Israel.

Pakistan continues to forcibly deport thousands of Afghan refugees

Pakistan continues to forcibly deport thousands of Afghan refugees

Thousands of Afghan refugees are being forcibly repatriated from Pakistan as the country intensified the deportation process with the end of the March 31 deadline.

Over 944 Afghan families, comprising 6,700 individuals, were deported from Pakistan since April 1, according to local media reports.

The most significant transfer took place in the Punjab province, where 5,111 other Afghan nationals were transported to the transit camps or holding centres across the province for repatriation, including 2,301 children and 1,120 women.

From Karachi, over 300 Afghans were deported from Pakistan to their home country.

Sindh Senior Minister Sharjeel Inam Memon said that those deported from Karachi included 79 children, 37 women, and 191 men.

Some nations like China may devaluate their currencies: Neelkanth Mishra on US tariffs

Some nations like China may devaluate their currencies: Neelkanth Mishra on US tariffs

As the US reciprocal tariffs hit global markets, Neelkanth Mishra, chief economist at Axis Bank, said on Monday that some countries like China will have no option but to devalue their currencies in the current scenario.

The global markets have been shaken by tariffs implemented by US President Donald Trump, as countries plan to respond to these strict trade measures.

Mishra mentioned China’s mounting balance of payments pressure, driven by capital flight and decreased foreign direct investment.

With China’s trade surplus narrowing and tariffs impacting the economy, he predicted the country might be forced to devalue the yuan.

The risk of a currency war is high, and once devaluation begins, the situation could spiral into an unpredictable environment.

They're dying to make deal: Trump stands firm on 'reciprocal tariffs'

They're dying to make deal: Trump stands firm on 'reciprocal tariffs'

As global stock markets plunged on Monday, US President Donald Trump defended his controversial tariff policies, dismissing concerns over the economic impact. He said that the world leaders are "dying to make a deal" to negotiate the reciprocal tariffs.

With Asian markets opening to significant losses and US futures signalling further declines, Trump sought to downplay fears, suggesting that the market pain caused by his tariffs was a necessary "medicine" to fix longstanding trade imbalances.

On Sunday, Trump denied any intent to deliberately engineer a market selloff, insisting that he could not predict market reactions. He emphasised that he would not enter trade agreements with other countries unless they addressed the trade deficits.

"Sometimes you have to take medicine to fix something," Trump said, referring to the market volatility.

PM Modi pays tribute at Indian Peace Keeping Force Memorial in Sri Lanka

PM Modi pays tribute at Indian Peace Keeping Force Memorial in Sri Lanka

Prime Minister Narendra Modi visited and laid a wreath at the Indian Peace Keeping Force (IPKF) Memorial in Sri Jayawardenapura Kotte, near Colombo, on Saturday evening. While paying respects, he hailed the brave soldiers of the IPKF who had laid down their lives in the service of peace, unity and the territorial integrity of Sri Lanka.

The IPKF Memorial in Sri Lanka is perhaps the only war memorial commemorating the sacrifice of Indian soldiers, dedicated by a foreign country other than the United Kingdom.

It honours the memory of the 1169 personnel of the Indian forces who lost their lives while serving with the IPKF between 1987-1990. The memorial was constructed by the Lankan government on the outskirts of Colombo in 2008.

"Laid a wreath at the IPKF Memorial in Colombo. We remember the brave soldiers of the Indian Peace Keeping Force who laid down their lives in service of peace, unity and the territorial integrity of Sri Lanka. Their unwavering courage and commitment remain a source of inspiration for us all," said PM Modi.

Iran's Vice President for Parliamentary Affairs sacked for 'extravagant holiday'

Iran's Vice President for Parliamentary Affairs sacked for 'extravagant holiday'

Iran's President Masoud Pezeshkian on Saturday removed his Vice President for Parliamentary Affairs Shahram Dabiri over his extravagant trip to the South Pole during the Nowruz (Persian New Year) holidays.

In a communique issued to Dabiri, President Pezeshkian said that after reviewing a report on Dabiri’s trip, he had decided to remove the Vice President from his post, stressing the need for government officials to set a personal example, Iranian media reports said.

Given the many economic hardships faced by the public, extravagant trips by officials, even if covered by personal income, are "not defendable and justifiable and run contrary to a minimalist lifestyle expected of Iranian officials", he said.

"(Our) longtime friendship and your invaluable services at the Vice-Presidency for Parliamentary Affairs do not preclude prioritising adherence to honesty, justice, and the promises made to the people," the President added.

Australian PM candidates campaign in country's north 4 weeks out from election

Australian PM candidates campaign in country's north 4 weeks out from election

Australia's prime minister has announced additional support for communities affected by catastrophic flooding in the country's northeast.

Anthony Albanese spent the eighth day of the campaign for the general election touring a vast area of the outback in the western part of the state of Queensland that has been inundated by flooding since late March.

The flooding in the sparsely-populated region, which is a major livestock farming area, is considered the worst since 1974 and has caused widespread damage as well as estimated losses of over 140,000 head of livestock, reports news agency.

Albanese on Saturday announced 105 million Australian dollars ($63.4 million) in funding to rebuild fencing to protect livestock from feral pigs and dogs. The state government previously made disaster assistance grants worth up to 75,000 Australian dollars ($45,314) available for affected primary producers in the region.

US mistakenly asks Ukrainian refugees to leave

US mistakenly asks Ukrainian refugees to leave

In an administrative error, the US government mistakenly issued an email to several Ukrainian refugees, notifying them that their provisional legal status would be terminated in 7 days and ordering them to leave the country.

The notice received by the Ukrainians who sought refuge in the US following the war with Russia caused panic among the immigrants this week.

The US Department of Homeland Security (DHS) acknowledged the error on Friday.

"A message was sent in error to some Ukrainians who entered the United States under the Uniting for Ukraine program," said DHS spokeswoman Tricia McLaughlin in a statement.

Reciprocal tariffs: Global economists warn of impending US recession

Reciprocal tariffs: Global economists warn of impending US recession

Global brokerages and economists have warned an impending US recession after factoring in the impact of reciprocal tariffs announced by the Donald Trump administration.

According to JPMorgan Chase & Co, “We now expect real GDP to contract under the weight of the tariffs, and for the full year (4Q/4Q) we now look for real GDP growth of -0.3 per cent, down from 1.3 per cent previously,”

The bank’s chief US economist Michael Feroli said in a note to clients that the forecast contraction in economic activity is expected to depress hiring and over time to lift the unemployment rate to 5.3 per cent.

Feroli expects the US Federal Reserve to begin cutting its benchmark interest rate in June and proceed with rate cuts at each subsequent meeting through January next year.

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