North and South Korea agree to restore relations

Published

4 years ago

July 27, 2021

South and North Korea have restored hotlines that Pyongyang severed a year ago when ties deteriorated sharply

North Korea’s Kim Jong Un and South Korea’s Moon Jae-have agreed in letters to restore relations, improving the prospects for a breakthrough in an extended stalemate in nuclear talks.

The two countries released what appeared to be coordinated statements calling for reconciliation on the peninsula, with state media in Pyongyang stating that they agreed.

“to make a big stride in recovering the mutual trust.”

Both sides reopened hotlines that had been silent since a flare-up a year ago, when Kim’s regime symbolically blew up a liaison office funded by Moon’s government.

Seoul’s defense ministry confirmed that a military hotline was tested on Tuesday and that twice-daily regular communication would resume.

The effort to thaw relations came on the 68th anniversary of the armistice that halted fighting in the 1950-53 Korean War, a conflict that has never formally ended.

Last week, U.S. Deputy Secretary of State Wendy Sherman reaffirmed President Joe Biden’s openness to talks during a visit to Seoul in which she met South Korean officials, including Moon.

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Trump calls for Iran’s surrender

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

Published

11 hours ago

June 20, 2025

ticker NEWS

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

Missile strikes between Israel and Iran are intensifying, with both nations targeting nuclear and military sites.

After a missile hit an Israeli hospital, Prime Minister Netanyahu retaliated, launching 20 fighter jets into Western Iran.

Meanwhile, President Trump has demanded Iran’s unconditional surrender and hinted at possible U.S. military involvement.

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News

Israel strikes Iran’s nuclear sites after hospital hit

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

Published

11 hours ago

June 20, 2025

ticker NEWS

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

Israel has launched preemptive airstrikes on Iranian nuclear sites after a missile attack struck an Israeli hospital, marking a dramatic escalation in regional tensions.

Iran has retaliated with counterstrikes, as both nations report casualties. Israel claims the campaign is necessary to stop Iran from obtaining nuclear weapons—an accusation Tehran denies.

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Money

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

Published

1 day ago

June 19, 2025

ticker NEWS

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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