The IPO drought is driving private equity-owned companies to the debt market to pay investors

S. Korean envoy condemns Houthi attacks, urges tougher UN sanctions

WASHINGTON — South Korea has condemned recent deadly attacks by Yemen's Houthi rebels targeting civilian infrastructure and threatening commercial shipping in the Red Sea, calling on the U.N. Security Council to strengthen sanctions to cut off weapons supplies to the group. South Korean Ambassador to the United Nations Cha Ji-hoon made the remarks during a Security Council debate on the Middle East held Thursday, warning that the attacks pose serious threats to global peace, maritime security and energy supplies. "We condemn such attacks and urge an immediate halt to all attacks against civilians," Cha said during the debate. "We call on this council to strengthen sanctions, to effectively cut off the supply of weapons to the Houthis." Cha said the Houthis' recent attacks targeting civilian infrastructure and threats to commercial navigation in the Red Sea were posing "severe risks to global peace as well as maritime and energy security." The attacks included two consecutive strikes on King Khalid International Airport in Riyadh last week, further escalating tensions in the Middle East

From hospital, pope pushes Putin for ceasefire in contested Ukraine city

VATICAN CITY — Pope Leo XIV spoke with Russian President Vladimir Putin by phone on Friday, calling for a ceasefire in a Russian-occupied city in southern Ukraine, as he recovers in hospital from a lung cancer operation. The Vatican said that Pope Leo "expressed his deep concern about the grave humanitarian situation in the city of Oleshky, in the Kherson region, and called for a ceasefire to allow the delivery of food and medical assistance, and the voluntary and safe evacuation of the civilian population." The surprise notice from the Vatican Friday evening suggested that the recovering pope is still hard at work, despite Tuesday's operation to remove a cancerous tumour from his right lung. Residents of Oleshky in southern Ukraine are facing a worsening humanitarian crisis with shortages of food and medication as they are caught in the crossfire between Russian and Ukrainian troops. The UN High Commissioner for Human Rights Volker Turk denounced on Friday a "desperate" situation in the city, calling on Russia to enable civilians to evacuate. In a note, the Kremlin said the two had tal

Trump touts Hyundai's $560-mil. Georgia investment pledge at campaign rally

WASHINGTON — U.S. President Donald Trump on Friday highlighted South Korean automotive parts maker Hyundai Transys Inc.'s plan to invest nearly $560 million in Georgia during a campaign rally in the state, as he promoted his economic agenda ahead of the midterm elections. "Hyundai just announced it will invest $560 million to expand its factories in West Point, Georgia," Trump said during the rally in Dalton, Georgia, apparently referring to Hyundai Transys, an automotive parts-making affiliate of South Korea's Hyundai Motor Group. The investment plan was announced last week by Georgia Gov. Brian Kemp's office. According to the governor's office, Hyundai Transys plans to upgrade two existing manufacturing facilities and build a third plant in West Point to expand production of hybrid vehicle powertrains, while creating 320 new jobs.

US envoy highlights role of S. Korean investment in creating American jobs

WASHINGTON — U.S. Ambassador to South Korea Michelle Steel has highlighted the role of South Korean investment in strengthening the U.S. economy and creating American jobs, expressing hope for expanded economic cooperation between the two countries. Steel made the remarks in a post on X after attending a plenary meeting of the U.S.-Korea and Korea-U.S. Business Council, hosted by the Federation of Korean Industries on Thursday. "Korean investment continues to strengthen the U.S. economy, support American jobs and deepen commercial ties between our two countries," she wrote. "We look forward to building on this momentum and creating even more opportunities for investment and shared growth between our two nations," she added. Her remarks underscored Washington's emphasis on attracting South Korean investment following the announcement by Seoul and Washington of details of South Korea's planned $200 billion investment in the U.S., part of a broader $350 billion commitment in exchange for lower U.S. tariffs on South Korean goods.

‘Trump Is A Kind Man’: Katie Zacharia Breaks Silence After Being Fired As White House Press Secretary In 5 Days

Katie Zacharia was fired as the White House Press Secretary in just five days after unrelenting press coverage over her poor performance and qualifications as an attorney.

World’s worst measles outbreak a ‘warning’ to other nations

So far, 1147 people have died in the outbreak of the highly contagious disease in Bangladesh.

Trump's Truth Social Getting Ghosted? User Traffic Drops 30% Ahead Of US Midterm Elections

Trump's Truth Social platform averaged approximately 260,000 daily users in September, a decline from 420,000 daily users in June last year.

Trump Eases Russia Sanctions, Tariffs Amid Diesel Price Surge, In Relief For India

The move comes as Trump administration seeks to bring down soaring diesel prices ahead of the November 3 midterm elections

Trump Waives Many Russia-Related Sanctions, Tariffs In Relief For India, China

CJP Protest: AISA chief Neha Bora released from detention; Abhijeet Dipke to be produced before SEM court

AISA president Neha Bora and CJP founder Abhijeet Dipke were taken into preventive custody ahead of the 'Lehra Do Tiranga' protest march at Connaught Place's Central Park in Delhi on Friday. Bora was detained at Mandi House, while Dipke was detained at Jhandewalan.

Missiles hit Aden airport as Saudi-led coalition intercepts missile headed for Yanbu

Missiles struck Yemen's Aden International Airport on Friday, while a Saudi-led military coalition said it had intercepted a ballistic missile headed for the Red Sea city of Yanbu, a key Saudi oil hub that allows exports to avoid the Strait of Hormuz.

14-Minute Presser, Backlash Over Lawyer Tag: The Unmaking Of New White House Press Chief Katie Zacharia

Katie Zacharia was a surprise choice when Trump announced her appointment on October 9, as the successor to Karoline Leavitt, the youngest-ever White House press secretary who had been part of Trump's inner circle for years.