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Tehran Expands Aerial Reach: Iran to Launch Multiple Drone Bases
The Iranian military plans to establish new drone bases in the country, according to Brig. Gen. Kioumars Heidari, commander of Iran's Army Ground Force. The new bases will reportedly include facilities in border regions, with the goal of supporting the country's unmanned aerial vehicle (UAV) production. The announcement comes as US and Iranian officials meet to discuss a potential deal over Iran's nuclear program. Analysts suggest that the move is a attempt by Iran to…
US Spares Canada from 10% Tariff in Trade Reprieve
The Canadian ambassador to the U.S. has announced that Canada will be exempt from a new 10% tariff. This decision is seen as a significant development in trade relations between the two countries. The ambassador's statement has provided clarity on the issue, confirming that Canada will not be affected by the new tariff, which is set to impact other nations. Read the full story here
Seoul Unveils Rescue Plan for Automakers Reeling from US Trade Blow
South Korea has announced emergency measures to support its struggling auto industry, which has been impacted by US tariffs. The measures aim to mitigate the effects of the tariffs and promote the industry's competitiveness. The government plans to provide financial support and trade incentives to affected automakers, in an effort to stabilize the industry and prevent further job losses. Read the full story here
Merz Credits EU Unity for Outmaneuvering Trump’s Trade Tactics
German chancellor-designate Friedrich Merz has stated that the shift in Trump tariffs demonstrates the benefits of European Union unity. This change in trade policy highlights the strength of a unified EU stance. The adjustment in US tariffs is seen as a positive outcome for the EU, showcasing the effectiveness of a collective approach to international trade negotiations. Read the full story here
Hungarian Streets Fill with Defiance as LGBTQ+ Community Enters Fourth Week of Protest Against Discriminatory Legislation
Thousands of protesters have rallied in Hungary's capital, Budapest, against a new law banning LGBTQ Pride events. The law, passed by Prime Minister Viktor Orbán's government, prohibits events depicting homosexuality to those under 18. The protests, which have persisted for four weeks, demand the law's withdrawal, with some demonstrators planning to remain on the city's bridges overnight. The law has drawn comparisons to Russia's anti-LGBTQ policies and is seen as an arbitrary restriction on the…
Indonesia Embarks on Ambitious yet Controversial Land Clearance Initiative to Boost Biofuel and Crop Yields
Indonesia is planning to clear a forested area roughly the size of Belgium for the production of sugarcane-derived bioethanol and food crops such as rice, threatening to displace Indigenous groups who rely on the land for survival. The plan has raised concerns among environmental activists, who warn that it will lead to deforestation and the expansion of palm oil plantations, further exacerbating the climate crisis and threatening the country's biodiversity. Read the full story here
Leaked Documents Reveal Over 160 Chinese Citizens Fighting on Behalf of Russia in Ukraine War
According to Ukrainian intelligence, at least 163 Chinese nationals are serving in Russia's Armed Forces. Ukrainian President Volodymyr Zelensky confirmed that 155 Chinese citizens are fighting against Ukrainians on Ukrainian territory. The Ukrainian government has summoned China's chargé d'affaires to demand an explanation and express condemnation. China has responded by saying it is verifying the claims, stating that Chinese citizens are prohibited from participating in foreign armed conflicts. Read the full story here
Trump Expresses Displeasure Over Russian Attacks on Ukraine, Claims Lack of Knowledge on the Crisis
US President Donald Trump expressed disapproval over Russia's intensified attacks on Ukraine, stating he is "not happy" with the current situation. Trump's comments come amid a recent escalation of violence, including a deadly missile strike on Kryvyi Rih that killed 20 people, and a Russian ballistic missile strike on Kyiv that killed one and injured three others. Read the full story here
Top Investor Leaves Door Open for Dropping Chinese Stocks from Indexes
An official from the Public Company Accounting Oversight Board has stated that US-listed Chinese stocks may be at risk of being delisted. This comes as a result of auditing disagreements between the two countries. The official, in a recent statement, did not rule out the possibility of delisting Chinese companies that fail to comply with US accounting standards. This development has significant implications for US-Chinese trade relations. Read the full story here