Han Duck-soo, the prime minister of South Korea, stated that his nation wants to work with China to in a peaceful manner eliminate the nuclear threat posed by North Korea. Speaking at a conference commemorating 30 years of diplomatic ties between Seoul and Beijing, the minister pledged to "work closely with China to peacefully settle the North Korean nuclear problem" (quoted by Yonhap). Experts...

According to Yoshihiko Isozaki, secretary-general of the Japanese government, an "energy alert" might be implemented in some parts of Japan due to power shortages brought on by the unusual heat wave. "A June heat wave that is unseasonably hot is expected for today as well. This results in exceptionally high power consumption for the season," the official said at a news conference. In order to...

Germany is discussing with Canada options for an LNG terminal on Canada's east coast to export gas to Europe, Reuters reported, citing an unnamed German official. "Germany is in talks with Canada on options for an LNG terminal on Canada's east coast for exports to Europe," the agency said. In May, according to the agency, Canadian Natural Resources Minister Jonathan Wilkinson said the country...

The G7 nations are establishing a new international infrastructure and investment partnership with the goal of bolstering the world economy and supply chain, according to an announcement from the US administration. The global infrastructure and investment partnership will implement ground-breaking projects to close infrastructure gaps in developing countries, strengthen the global economy and...

According to a report posted on the website of the Public Policy Institute at Cambridge University, the loss of biodiversity on Earth as a result of floods, droughts, and widespread deforestation could have serious economic repercussions, including higher taxes, spending reductions, increased inflation, lower sovereign credit ratings, and lower national GDPs. The research warned that...

For the first time since January 2017, according to South Africa's national statistics office (SSA), the country's consumer price index finished May at 6.5 percent annualized, exceeding the inflation goal established by the country's central bank (SARB). Sharply increasing prices in areas like transportation and food had the most influence on the current index. The increase in gasoline costs was...

The world’s richest man, Elon Musk, who has a fortune valued at $213.9 billion according to Forbes Real-Time, suggested that a US recession may very possibly occur soon. "A recession will unavoidably occur at some time. The likelihood of one occurring soon is greater than the likelihood of not," he added. "It's not a fact, but it seems more likely than not". The CEO and creator of Tesla...

During discussions with UN Secretary-General António Guterres, Turkish President Recep Tayyip Erdogan indicated that Ankara was continuing its efforts to settle the "grain crisis," according to the Turkish leader's office. "President Erdogan spoke with UN Secretary-General António Guterres over the phone. They addressed ways to settle the problem surrounding the situation in Ukraine during the...

The US Centers for Disease Control and Prevention (CDC) authorized COVID-19 vaccine for children aged six months to five years old on Saturday. The CDC council advised that children this age be vaccinated with one of two vaccines: Moderna or Pfizer/BioNTech. The US Food and Drug Administration (FDA) had approved the vaccination of children under the age of five the day before. "We have made...