News

South Korean Cabinet in mass resignation offer

bno - Taipei Office December 4, 2024

In the wake of President Yoon Suk-yeol’s unexpected declaration of martial law late on December 3, his entire Cabinet and senior aides have now offered to step down.

Impeachment a looming possibility for Korea’s President Yoon

bno - Taipei Office December 4, 2024

South Korea’s President Yoon Suk Yeol is facing mounting pressure from the nation’s main opposition, the Democratic Party of Korea, with demands for impeachment or even charges of treason after his brief attempt to impose martial law.

Polish energy stocks tank over fears government will ditch coal takeover strategy

Wojciech Kosc in Warsaw December 4, 2024

The previous Law and Justice government planned to spin off coal assets of PGE, Tauron and Enea to a new entity,

Political uncertainty hits Romanian listed companies

Iulian Ernst in Bucharest December 4, 2024

The Bucharest Stock Exchange's blue-chip BET index fell 2.35% on December 3 as investors wait to see if far-right pro-Russian politician Calin Georgescu will win next weekend's presidential election.

Croatian government faces no-confidence vote over healthcare scandal

Aidą Kadyrzhanova in Prague December 4, 2024

Arrest of sitting health minister Vili Beros follows series of corruption scandals involving ruling HDZ members.

Carlsberg backs down and sells nationalised Russian assets

bne IntelliNews December 4, 2024

Danish brewing major Carlsberg said that it will sell its Russian business on December 3, after a presidential decree by President Vladimir Putin released the Baltika Breweries from “temporary management” of state propeprty agency RosImushestvo.

Trump vows to block Nippon Steel's $14bn bid for US Steel

bno - Tokyo Office December 4, 2024

Donald Trump has reiterated his commitment to blocking Nippon Steel's bid to acquire United States Steel Corp., a deal worth over $14bn

South Korea’s won slides as martial law crisis sparks market turmoil

bno - Taipei Office December 4, 2024

South Korea’s financial markets have been shaken by political uncertainty following President Yoon Suk Yeol's brief declaration of martial law, sending the local currency and stock prices into a tailspin

South Korean president declares martial law, cancels it, now faces impeachment

bno - Taipei Office December 3, 2024

Millions of South Koreans are today, December 4, waking to news that martial law was declared then cancelled while they were asleep.

Political tensions rise in North Macedonia after unrest on Albanian Flag Day

Valentina Dimitrievska in Skopje December 3, 2024

Opposition DUI files no-confidence motions over “security lapses” during Flag Day celebrations and series of arson attacks.

Slovak parliament approves state budget for 2025

Albin Sybera December 3, 2024

Rebel MPs back budget but speculation persists about an early election, something that Prime Minister Robert Fico himself has encouraged.

Iraqi militias send hundreds of fighters to support Assad in Syria

bne Gulf bureau December 3, 2024

Hundreds of Iran-backed Iraqi fighters have crossed into Syria to support President Bashar al-Assad's forces following recent rebel advances, according to multiple security sources.

Putin’s bodyguards are working food delivery and taxi jobs as wages stagnate

bne IntelliNews December 3, 2024

Employees of the Federal Guard Service (FSO) in Russia have turned to side jobs, such as taxi driving and courier work, due to stagnant wages and infrequent bonuses.

UPDATED: South Korean President Yoon approves lifting martial law

bnm Gulf bureau December 3, 2024

South Korean President Yoon Suk Yeol declared martial law on December 3, marking the first time in 44 years that the country has come under military rule.

Mexico's Sheinbaum denies NYT claims of chemistry students lured into fentanyl production

Alek Buttermann December 3, 2024

Recent claims in a New York Times investigation suggested the Sinaloa Cartel has infiltrated universities to recruit chemistry students for the production of the potent synthetic opioid.

Protests in Tbilisi intensify amid violent crackdown

bne IntelliNews reporters in Tbilisi December 3, 2024

The government's aggressive response to protests has further eroded public trust, while demands for systemic change continue to grow louder.

South Korea declares martial law

bno - Taipei Office December 3, 2024

Yoon Suk Yeol, the president of South Korea, has declared a state of martial law in the East Asian country

Who are the Syrian rebels leading the uprising?

bnm Gulf bureau December 3, 2024

Hayat Tahrir al-Sham (HTS), the militant group that has seized control of Aleppo and parts of Hama in a surprise offensive, has a complex history in Syria's long-running conflict.

Bulgaria’s full Schengen accession to bring in an annual €833mn

Denitsa Koseva in Sofia December 3, 2024

Cutting queues at borders will also save part of the estimated 46,162 tonnes of carbon dioxide emitted every year, says Bulgarian Economic Research Institute.

Iraqi factions in Syria’s Aleppo to counter anti-government forces

bne Cairo bureau December 2, 2024

Armed groups linked to Iraq's Popular Mobilisation Forces (PMF) have entered Syria to support the Syrian army in its fight against rebels in Aleppo and nearby areas.

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