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Why a South Korean mayor is ‘sorry’ for falling for vaccine scam

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A South Korean mayor who almost fell for a vaccine scam has publicly apologised for his actions.

The mayor, Kwon Young-jin, told the media last month that a foreign company promised to provide 30 million doses of the Pfizer vaccine within three weeks, but little did he know his promise was influenced by a scammer.

Pfizer does not actually distribute through third-parties.

Mr Kwon has been critical of the government’s vaccine programme, stating that South Korea has seen a relatively slow vaccine rollout of the vaccine when compared to other more developed economies in the region.

Some 16 percent of South Koreans have received their first vaccine dose.

The mayor who did the deal has been quite critical of the governments vaccine rollout.

Mr Kwon is a member of the opposition party.

“It was my mistake that this case regarded as one of the simple cases of a failed vaccine import has escalated into a fake vaccine fraud case,”

said Mr Kwon, according to a Yonhap news report.

“The image of Daegu was tarnished due to my careless words. I also caused deep wounds and disappointment to the citizens suffering from COVID-19.”

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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.

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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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#IsraelIran #MiddleEastConflict #Trump #nucleartensions #TickerNews #militaryescalation

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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.

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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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#IsraelIran #MiddleEastCrisis #Trump #Airstrikes #NuclearTensions #BreakingNews #tickernews

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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.

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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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#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews

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