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U.S. responds to North Korea missile tests

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The White House says it is still willing to engage with Pyongyang, despite recent missile tests

North Korea describes the new “long-range cruise missiles” it tested over the weekend as a “strategic weapon of great significance”.

North Korea state-run media claims the missiles give the country “another effective deterrence means” against “hostile forces”.

Analysts say that the North Koreans often use the term ‘strategic’ as a euphemism for nuclear-capable.

However it is unclear if the nation is able to develop warheads small enough to be carried on these missiles. 

A leading arms expert, Jeffrey Lewis, says an intermediate-range land-attack cruise missile is a pretty serious capability for North Korea.

According to state run media, the missiles flew 1500 kilometres, before hitting their targets and falling into the country’s territorial waters.

The tests took place just days after the reclusive nation celebrated the 73rd anniversary of its founding with a late night military parade.

Japan says it is “extremely concerned”

If the missiles are capable of flying 1500 kilometres, they would be able to hit targets in South Korea and most of Japan.

Japan’s Chief Cabinet Secretary says such missiles would pose a “serious threat to the peace and safety of Japan and its surrounding areas.”

The U.S. military has also condemned the tests, saying they pose a threat to not only North Korea’s neighbours but the international community.

The White House, though, says it’s still willing to engage when it comes to the critical issue of denuclearisation.

“Our position has not changed when it comes to North Korea, we remain prepared to engage.”

White House principal deputy press secretary Karine Jean-Pierre 

Nuclear talks between the United States and North Korea have been stalled for two years.

The U.S. Special envoy for North Korea was already scheduled to hold three way talks with counterparts from Japan and South Korea this week.

There is little doubt about what will be top of the agenda.

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Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

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Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

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Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

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#FederalReserve #InterestRates #Economy


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Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

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Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy


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