South Korea Launches Emergency Inspections After Deadly Jeju Air Crash
South Korea orders emergency inspections of all domestic airlines and Boeing 737-800 aircraft following the Jeju Air crash that claimed 179 lives, marking the nation's deadliest aviation disaster.
Dec 30, 2024 2:39 PM EST
Federal Appeals Court Upholds $5 Million Verdict Against Trump in E. Jean Carroll Case
A federal appeals court upheld a $5 million verdict against President-elect Donald Trump for sexually abusing and defaming E. Jean Carroll, marking a significant legal setback as he prepares to take office.
Tributes Pour In Following the Death of Former US President Jimmy Carter
Former US President Jimmy Carter, aged 99, has passed away at his home in Plains, Georgia, surrounded by family. Carter, who served as the 39th President from 1977 to 1981, was widely celebrated for his post-presidency humanitarian efforts,
Jeju Air Plane Crash in South Korea Leaves Multiple Casualties, 181 Onboard
A Jeju Air flight carrying 181 people crashed near Mokpo, South Korea, en route to Jeju Island. Rescue efforts are ongoing, with casualties confirmed and an investigation underway into the tragedy.
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Global Equity Funds Surge with Record Inflows Amid U.S. Inflation Relief
Global equity funds saw $34.38 billion in inflows, led by U.S. markets, driven by easing inflation. However, bond outflows and selective sectoral investments highlight cautious optimism amid economic uncertainties.
Dec 28, 2024 3:43 PM EST
Homelessness in the U.S. Surges by Record 18%, HUD Reports
U.S. homelessness surged 18% in 2024, the largest annual increase on record, driven by housing affordability crises, economic pressures, and systemic disparities. Experts call for urgent policy reforms to address the escalating crisis.
Dec 28, 2024 3:34 PM EST
Holiday Spending Pushes U.S. Credit Card Debt to Record High
U.S. holiday spending has surged, driving credit card debt to unprecedented levels. Consumers prioritize holiday traditions despite rising interest burdens, prompting financial experts to urge cautious spending and proactive debt management.
Dec 28, 2024 3:25 PM EST
Putin Issues Rare Apology Following Azerbaijan Airlines Crash
Russian President Vladimir Putin apologized after an Azerbaijan Airlines crash killed 38, likely due to Russian air defenses. The incident strained regional ties, prompting international calls for accountability and aviation safety improvements.
Dec 28, 2024 3:17 PM EST
German Editor Resigns Over Elon Musk's Controversial AfD Commentary
Eva Marie Kogel, editor at Welt am Sonntag, resigned after publishing Elon Musk's controversial op-ed defending Germany's far-right AfD. Musk's comments sparked political backlash, raising concerns about external influence on Germany's elections.
Dec 28, 2024 3:09 PM EST
U.S. Approaches Debt Ceiling Deadline, Yellen Warns of Urgent Congressional Action
Treasury Secretary Janet Yellen warns the U.S. may hit its debt ceiling by mid-January, urging Congress to act swiftly to prevent default and ensure the nation's financial stability.
Dec 28, 2024 6:10 AM EST
U.S. Holiday Spending Rises 3.8% in 2024, Driven by Online Sales and Value Deals
U.S. holiday spending grew by 3.8% in 2024, fueled by a 6.7% rise in online sales. Consumers prioritized value-driven purchases, showcasing resilience amid economic challenges and shorter shopping periods.
Dec 28, 2024 5:52 AM EST
Trump Urges Supreme Court to Delay TikTok Ban, Seeks Political Resolution
President-elect Trump has asked the Supreme Court to delay TikTok's ban, citing plans for diplomatic solutions. The move underscores tensions between national security concerns, digital rights, and U.S.-China relations.
Dec 28, 2024 2:06 AM EST
CFPB Caps Overdraft Fees, Saving Consumers Billions
The CFPB's new rule limits overdraft fees for large banks, aiming to protect consumers and promote fairness. Expected to save $5 billion annually, it faces opposition from the banking industry.
Dec 27, 2024 2:56 PM EST
Chinese Cyber Espionage Campaign Targets U.S. Telecommunications Firms
A Chinese cyber espionage campaign targeted a ninth U.S. telecom firm, compromising sensitive communications. The U.S. urges stronger cybersecurity measures as tensions rise over China's persistent state-sponsored hacking activities.
Dec 27, 2024 2:39 PM EST
Bank of Japan Signals Imminent Rate Hike Amid Economic Stability
The Bank of Japan signals a potential rate hike, citing economic stability but monitoring uncertainties. Inflation and mixed economic data influence cautious decisions, with the next review set for January 2025.
Dec 27, 2024 9:56 AM EST
South Korea's Political Crisis Deepens as Acting President Han Duck-soo Impeached
South Korea faces deepening political turmoil as Acting President Han Duck-soo is impeached. The crisis has triggered economic instability, protests, and concerns over delayed governance, with critical Constitutional Court rulings still pending.
Dec 27, 2024 9:43 AM EST
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