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  • Israel says it has taken first steps of military operation in Gaza City

    Israel says it has taken first steps of military operation in Gaza City

    Israel’s military has taken the first steps of a planned operation to take over Gaza City, Israeli military spokesman Brigadier General Effie Defrin said on Wednesday.

    Following a clash with Hamas south of Khan Younis in the strip on Wednesday, he said: “We will deepen the attack on Hamas in Gaza City, a stronghold of governmental and military terror for the terrorist organisation.”

    Defrin said troops had already begun circling the outskirts of Gaza City and Hamas was now a “battered and bruised” guerrilla force.

    “We have begun the preliminary operations and the first stages of the attack on Gaza City, and already now IDF forces are holding the outskirts of Gaza City,” he said.

    Israel’s military called up tens of thousands of reservists on Wednesday in preparation for the expected assault on Gaza City, as the Israeli government considered a new proposal for a ceasefire after nearly two years of war.

    The call-up signals Israel is pressing ahead with its plan to seize Gaza’s biggest urban centre despite international criticism of an operation likely to force the displacement of many more Palestinians.

    Read more: Israel weighs Hamas offer of 60-day Gaza truce and hostage release

    But a military official briefing reporters said reserve soldiers would not report for duty until September, an interval that gives mediators some time to bridge gaps between Hamas and Israel over truce terms.

    Israeli troops clashed on Wednesday with more than 15 Hamas members who emerged from tunnel shafts and attacked with gunfire and anti-tank missiles near Khan Younis, south of Gaza City, severely wounding one soldier and lightly wounding two others, an Israeli military official said.

    In a statement, Hamas’ Al-Qassam Brigades confirmed carrying out a raid on Israeli troops southeast of Khan Younis and engaging Israeli troops at point-blank range. It said one fighter blew himself up among the soldiers, causing casualties, during an attack that lasted several hours.

  • China considering yuan-backed stablecoins

    China considering yuan-backed stablecoins

    China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.

    The State Council – China’s cabinet – will review and possibly approve a roadmap later this month for the greater usage of the currency globally, including catching up with a U.S. push on stablecoins, said the sources.

    The plan is expected to include targets for usage of the Chinese currency in the global markets and outline the responsibilities of domestic regulators, they said, adding that the roadmap will also include guidelines for risk prevention.

    The country’s senior leadership is also expected to meet for a study session as early as the end of this month, focusing on yuan internationalisation and stablecoins, which are gaining momentum worldwide, said one of the sources.

    In that meeting, senior leaders are likely to deliver remarks to set the tone for stablecoins and define the boundaries of its application and development in business, said the source.

    China’s plan for the usage of stablecoins, if approved, would mark a major shift in its approach towards digital assets. The country banned cryptocurrency trading and mining in 2021 due to concerns about the stability of the financial system.

    China has long aspired for the yuan to achieve global currency status, akin to the dollar or euro, reflecting its weight as the world’s second-biggest economy. However, its tight capital controls and its trillion-dollar annual trade surpluses have worked against that aim.

    Those restrictions are likely to be a key hurdle to the development of stablecoins as well, market participants have said.

    Stablecoins are a type of cryptocurrency designed to maintain a constant value. They are usually pegged to a fiat currency such as the U.S. dollar and are commonly used by crypto traders to move funds between tokens.

    The yuan’s share as a global payment currency fell to 2.88% in June, its lowest in two years, according to payment platform SWIFT. In contrast, the U.S. dollar commanded a 47.19% market share.

    China places strong capital controls to manage flows in and out of the border, with a few connect schemes permitting capital to be deployed in some key offshore market such as Hong Kong.

    In the U.S., President Donald Trump backed stablecoins days after his inauguration in January and is establishing a regulatory framework that helps legitimise dollar-pegged cryptocurrencies.

  • Israel weighs Hamas offer of 60-day Gaza truce and hostage release

    Israel weighs Hamas offer of 60-day Gaza truce and hostage release

    Israel is studying Hamas’ response to a proposal for a 60-day ceasefire and release of half the hostages still held in Gaza, two Israeli officials said on Tuesday, although one source reiterated that all Israeli captives must be freed for the war to end.

    Efforts to pause the fighting gained new momentum over the past week after Israel announced plans for a new offensive to seize control of Gaza City at the heart of the Palestinian enclave.

    Mediators Egypt and Qatar have been pushing proposals to restart indirect talks between the sides on a U.S.-backed ceasefire plan.

    The proposals include the release of 200 Palestinian convicts jailed in Israel and an unspecified number of imprisoned women and minors, in return for 10 living and 18 deceased hostages from Gaza, according to a Hamas official.

    Two Egyptian security sources confirmed the details, and added that Hamas has requested the release of hundreds of Gaza detainees as well.

    Israel says a total of 50 hostages remain in Gaza, 20 of them still alive.

    “Israel’s policy is consistent and has not changed. Israel demands the release of all 50 hostages in accordance with the principles established by the cabinet for ending the war. We are in the final decisive stage of Hamas and will not leave any hostage behind,” an Israeli political source said.

    The comment, while adamant, fell short of an outright rejection of the proposal on the table.

    Prime Minister Benjamin Netanyahu was expected to convene discussions about the ceasefire proposal soon, the two Israeli officials said. A response was expected in the coming two days, said a Palestinian source close to the talks.

    Before Hamas responded on Monday to the proposal, Netanyahu had ruled out any deal that excluded the return of all the hostages.

    Qatar’s Ministry of Foreign Affairs spokesperson Majed Al Ansari said the 60-day truce deal would include “a pathway to a comprehensive agreement to end the war.”

    The proposal includes a partial withdrawal of Israeli forces, which presently control 75% of Gaza and the entry of more humanitarian aid into the enclave, where a population of 2.2 million people is increasingly facing famine.

    Israel had previously agreed to the outline, advanced by U.S. special Middle East envoy Steve Witkoff, but negotiations faltered over some of its details. The last round of talks ended in deadlock in late July.

    While Israel’s political echelon weighed a response, Defence Minister Israel Katz met commanders late on Tuesday. Public broadcaster Kan’s military correspondent Itay Blumental said on X the meeting was to approve plans to capture Gaza City.

    The post cited four stages to the plans: building humanitarian infrastructure in the southern Gaza Strip, evacuation of Gaza City, encirclement of Gaza City and manoeuvring into Gaza City.

    Thousands of people fearing an imminent Israeli ground offensive are estimated to have fled the area in the past few days for points to the west and south in the shattered territory.

    On the ground, there were no signs of a ceasefire nearing as Israeli gunfire, tank shelling and airstrikes killed at least 20 Palestinians on Tuesday, according to Gaza health officials.
    At a shelter in Khan Younis, in the south of the enclave, displaced people had mixed feelings over whether a deal would be reached this time.

    “I expect – every time the (Israeli) occupation would be obstinate, reject and receive proposals with negative responses – I expect the same for this proposal as well,” said Abdallah Al-Khawaja.

    Women sat by wood fires cooking meals for their families, while men filled plastic gallons with water; many hoped Israel would approve the proposal.

    “What I say and expect as a member of the Palestinian people living in the Gaza Strip, one of the bereaved and displaced, is that I expect a positive response (from Israel),” said Awad Labde.

    ISRAELI PROTESTERS DEMAND DEAL

    In Israel, the threatened offensive prompted tens of thousands of Israelis on Sunday to hold some of the largest protests since the war began, urging a deal to end the fighting and free the remaining hostages held in Gaza.

    Netanyahu faces domestic political pressure from his far-right government partners who object to a truce with Hamas. Ministers Bezalel Smotrich and Itamar Ben-Gvir have demanded to keep the war going until Hamas’ defeat, and annex Gaza.

    Groups representing Israeli families of those held hostage have demanded their return to Israel and an end to the war.

    Hamas official Izzat El-Reshiq said that the truce proposal it has agreed to is an interim accord that would pave the way for negotiations on ending the war.
    A source close to the talks said that, unlike previous rounds, Hamas accepted the proposal with no further demands.

    But prospects for agreeing an end to the war appear remote, with gaps remaining on the terms. Israel is demanding the group lay down its arms and its leaders leave Gaza, conditions which Hamas has so far publicly rejected.

    The war began when Hamas-led fighters stormed into Israel, killing 1,200 people and taking 251 hostages. Israel’s offensive has since killed more than 62,000 Palestinians, according to local health officials who do not distinguish between fighters and non-combatants. The Israeli assault has plunged Gaza into a humanitarian crisis and displaced most of its population.

  • Gill and Bumrah in India’s Asia Cup squad, Jaiswal ignored

    Gill and Bumrah in India’s Asia Cup squad, Jaiswal ignored

    Defending champions India named top order batter Shubman Gill and pace spearhead Jasprit Bumrah in their T20I squad on Tuesday for next month’s Asia Cup 2025 in the United Arab Emirates.

    Opener Yashasvi Jaiswal and middle order batter Shreyas Iyer, however, could not make the cut in the 15-member squad led by Suryakumar Yadav.

    India’s Test captain Shubman Gill has not played a T20 International since July last year when he was Suryakumar’s deputy on the tour of Sri Lanka.

    “That’s where we started a new cycle,” Suryakumar, who took over T20 captaincy from Rohit Sharma after India won the 20-overs World Cup title last year, told reporters.

    “After that he got busy with all the test series and he didn’t get an opportunity to play T20s because he was busy playing test cricket and Champions Trophy.

    “So he’s there in the squad and we’re happy to have him.”

    India also included Jasprit Bumrah, whose workload has been a major concern for the team think-tank, which played him in three of the five Tests in England earlier this year.

    Read more: Babar, Rizwan left out as PCB announces 17-man squad for Asia Cup, UAE tri-series

    With three opening options in Shubman Gill, Abhishek Sharma and Sanju Samson – India could not accommodate Jaiswal in the India squad for the Asia Cup 2025.

    “With regard to Yashasvi, it’s just unfortunate again,” chief selector Ajit Agarkar said.

    “There’s Abhishek Sharma, what he’s done over the last year or so, plus he can bowl a little bit, he gives us that option if required.

    “One of these guys was going to miss out, Yashasvi just has to wait for his chance.”

    Samson and Jitesh Sharma are the two wicketkeepers in the side, which also includes left-arm wrist-spinner Kuldeep Yadav.

    India begin their Group A campaign against hosts United Arab Emirates in Dubai before meeting arch-rivals Pakistan at the same venue four days later.

    India squad for Asia Cup 2025: Suryakumar Yadav (c), Shubman Gill, Hardik Pandya, Arshdeep Singh, Abhishek Sharma, Tilak Varma, Shivam Dube, Axar Patel, Jitesh Sharma, Jasprit Bumrah, Varun Chakravarthy, Kuldeep Yadav, Harshit Rana, Rinku Singh, and Sanju Samson.

  • White House launches TikTok account with Trump saying ‘I am your voice’

    White House launches TikTok account with Trump saying ‘I am your voice’

    The White House launched an official TikTok account on Tuesday, taking advantage of the short video app’s more than 170 million U.S. users to spread the messages of President Donald Trump.

    Trump has a soft spot for the popular app, crediting it with helping him gain support among young voters when he defeated Democrat Kamala Harris in the November 2024 presidential election.

    Lawmakers in Washington worry, however, that its U.S. user data could fall into the hands of China’s government. Trump has been working on a deal for U.S. investors to buy the app from TikTok’s Chinese parent, ByteDance.

    Past intelligence assessments have said the app’s owners are beholden to the Chinese government and that it could be used to influence Americans.

    The new account, @whitehouse, went live on Tuesday evening with an initial video showing footage of Trump as he declares: “I am your voice.”

    “America we are BACK! What’s up TikTok?” the caption read.

    The TikTok account Trump used for his presidential campaign last year, @realdonaldtrump, has more than 15 million followers. The Republican president also relies heavily on his Truth Social account to deliver his message and posts occasionally on his X account.

    “The Trump administration is committed to communicating the historic successes President Trump has delivered to the American people with as many audiences and platforms as possible,” White House press secretary Karoline Leavitt said.

    “President Trump’s message dominated TikTok during his presidential campaign, and we’re excited to build upon those successes and communicate in a way no other administration has before,” she said.

    Read more: TikTok removes 25 million videos in Pakistan for breaching community guidelines

    A 2024 law required TikTok to stop operating by January 19 of this year unless ByteDance had completed divesting the app’s U.S. assets or demonstrated significant progress toward a sale.

    Trump opted not to enforce the law after he began his second term as president on January 20. He first extended the deadline to early April, then to June 19 and then again to September 17.

    Extensions to the deadline have drawn criticism from some lawmakers, who argue the Trump administration is flouting the law and ignoring national security concerns related to Chinese control over TikTok.

  • UK council wins bid to move asylum seekers from hotel amid anti-immigration protests

    UK council wins bid to move asylum seekers from hotel amid anti-immigration protests

    LONDON: A British district council on Tuesday won its bid to have asylum seekers temporarily removed from a hotel that has become the focal point for protests after a resident was charged with sexual assault.

    Epping Forest District Council took legal action to stop asylum seekers from being housed in the Bell Hotel in Epping, in the county of Essex, about 20 miles (32.19 km) north of London.

    Anti-immigration protesters and pro-immigration groups have gathered outside the hotel since an Ethiopian asylum seeker was charged in July with sexual assault and other offences. He has denied the charges and is due to stand trial next week.

    Judge Stephen Eyre granted the council an interim injunction against the owner of the hotel, ruling that asylum seekers should be removed by September 12. The hotel’s owner said it would seek to appeal the ruling.

    Eyre also dismissed a last-minute attempt on Tuesday by the Home Office, Britain’s interior ministry, to intervene in the case in support of the hotel owner.

    The Home Office’s lawyer, Edward Brown, had argued the injunction would have a “substantial impact” on the government’s ability to comply with its legal duty to provide accommodation, describing the hotel as “a key part of national asylum accommodation infrastructure.”

    Border Security Minister Angela Eagle said in a statement: “We will continue working with local authorities and communities to address legitimate concerns. Our work continues to close all asylum hotels by the end of this Parliament (2029).”

    Hundreds of people have protested outside the Bell Hotel since two asylum seekers were charged over separate incidents, with 16 people also having been charged in relation to what Essex Police described as criminal disorder in Epping.

    Care4Calais, a charity supporting asylum seekers and refugees, said some residents have felt frightened and frustrated after being threatened, chased, and had objects thrown at them since the protests in Epping began.

    Local police have been on high alert after nationwide rioting last summer, when racist unrest involving far-right supporters broke out after misinformation that the murderer of three girls in Southport was a radical Islamist migrant.

    Prime Minister Keir Starmer has pledged to stop thousands of migrants arriving in Britain via small boats, but his government is struggling to do so and faces mounting pressure to show voters he can counter illegal immigration, with support rising for Nigel Farage’s right-wing Reform UK party.

  • Air Canada to resume service as flight attendants’ union ends strike

    Air Canada to resume service as flight attendants’ union ends strike

    Air Canada’s unionized flight attendants reached an agreement with the country’s largest carrier on Tuesday, ending the first strike by its cabin crew in 40 years that had upended travel plans for hundreds of thousands of passengers.

    The strike that lasted nearly four days had led the airline that serves about 130,000 people daily to withdraw its third quarter and full-year earnings guidance.

    Shares of Air Canada rose 4% in early trading. They have lost 14% of their value so far this year.

    The carrier said it would gradually resume operations and a full restoration may require a week or more, while the union said it has completed mediation with the airline and its low-cost affiliate Air Canada Rouge.

    “The Strike has ended. We have a tentative agreement we will bring forward to you,” the Canadian Union of Public Employees said in a Facebook post.

    Air Canada said some flights will be canceled over the next seven to ten days until the schedule is stabilized and that customers with canceled flights can choose between a refund, travel credit, or rebooking on another airline.

    The flight attendants walked off the job on Saturday after contract talks with the carrier failed. They had sought pay for tasks such as boarding passengers.
    While the details of the negotiations were not immediately released, the union said unpaid work was over.

    Over the past two years, unions in aerospace, construction, airline and rail sectors have pushed employers for higher pay, improved conditions and better benefits amid a tight labor market.

    Air Canada’s flight attendants have for months argued new contracts should include pay for work done on the ground, such as boarding passengers.

    Its CEO had on Monday in a Reuters interview stopped short of offering plans to break the deadlock, while defending the airline’s offer of a 38% boost to flight attendants’ total compensation.

    While many customers had expressed support for the flight attendants, frustration with flight cancellations was growing.

    Retiree Klaus Hickman missed a flight to Toronto earlier in the week. While he rebooked on another airline, he was concerned about returning to Calgary on time for a connecting flight to Germany.

    Hickman sympathizes with workers demanding better pay but is worried about his own health and travel challenges.

    “They want to get more money to survive. And so it is with everybody else,” he said.
    Canada’s largest carrier normally carries 130,000 people daily and is part of the global Star Alliance of airlines.

    James Numfor, 38, from Regina, Saskatchewan, had been stranded in Toronto for two nights since returning from Cameroon for his brother’s funeral. Air Canada only provided one night in a hotel for his family before leaving them without further support, he said.
    He had slept in the airport with his family.

    ents Air Canada’s 10,400 flight attendants, wanted to make gains on unpaid work that go beyond recent advances secured by their counterparts at U.S. carriers like American Airlines

    In a rare act of defiance, the union remained on strike even after the Canada Industrial Relations Board declared its action unlawful.

    Their refusal to follow a federal labor board order for the flight attendants to return to work had created a three-way standoff between the company, workers and the government.

    Jobs Minister Patty Hajdu had urged both sides to consider government mediation and raised pressure on Air Canada on Monday, promising to investigate allegations of unpaid work in the airline sector.

  • Trump says Putin may not want to make a deal on Ukraine

    Trump says Putin may not want to make a deal on Ukraine

    U.S. President Donald Trump said on Tuesday he hoped Russia’s Vladimir Putin would move forward on ending the war in Ukraine but conceded that the Kremlin leader may not want to make a deal at all, adding this would create a “rough situation” for Putin.

    In an interview with the Fox News “Fox & Friends” programme, Trump said he believed Putin’s course of action would become clear in the next couple of weeks. Trump again ruled out American boots on the ground in Ukraine and gave no specifics about the security guarantees he has previously said Washington could offer Kyiv under any post-war settlement.

    “I don’t think it’s going to be a problem (reaching a peace deal), to be honest with you. I think Putin is tired of it. I think they’re all tired of it, but you never know,” Trump said.

    “We’re going to find out about President Putin in the next couple of weeks … It’s possible that he doesn’t want to make a deal,” said Trump, who has previously threatened more sanctions on Russia and nations that buy its oil if Putin does not make peace.

    Ukraine and its European allies have been buoyed by Trump’s promise of security guarantees to help end the war during an extraordinary summit on Monday but face many unanswered questions, including how willing Russia will be to play ball.

    Ukrainian President Volodymyr Zelenskiy hailed Monday’s talks at the White House with the U.S. president as a “major step forward” towards ending Europe’s deadliest conflict in 80 years and setting up a trilateral meeting with Putin and Trump in the coming weeks.

    Zelenskiy was flanked by the leaders of allies including Germany, France and Britain at the summit and his warm rapport with Trump contrasted sharply with their disastrous Oval Office meeting in February.

    But beyond the optics, the path to peace remains deeply uncertain and Zelenskiy may be forced to make painful compromises to end the war, which began with Russia’s full-scale invasion in February 2022. Analysts say more than 1 million people have been killed or wounded in the conflict.

    RUSSIAN ATTACKS

    While the Washington talks allowed for a temporary sense of relief in Kyiv, there was no let-up in the fighting. Russia launched 270 drones and 10 missiles in an overnight attack on Ukraine, the Ukrainian air force said, the largest this month. The energy ministry said Russia had targeted energy facilities in the central Poltava region, home to Ukraine’s only oil refinery, causing big fires.

    However, Russia also returned the bodies of 1,000 dead Ukrainian soldiers on Tuesday, Ukrainian officials said. Moscow received 19 bodies of its own soldiers in return, according to the state-run TASS news agency.

    “The good news (from Monday’s summit) is that there was no blow-up. Trump didn’t demand Ukrainian capitulation nor cut off support. The mood music was positive and the trans-Atlantic alliance lives on,” John Foreman, a former British defence attache to Kyiv and Moscow, told Reuters.

    “On the downside, there is a great deal of uncertainty about the nature of security guarantees and what exactly the U.S. has in mind.”

    Ukraine’s allies held talks in the so-called “Coalition of the Willing” format on Tuesday, discussing additional sanctions to crank up the pressure on Russia. The grouping has also agreed that planning teams will meet U.S. counterparts in the coming days to advance plans for security guarantees for Ukraine.

    NATO military leaders are expected to meet on Wednesday to discuss Ukraine, with U.S. General Dan Caine, the chairman of the Joint Chiefs of Staff, expected to attend the meeting virtually, officials told Reuters.

    ‘TIPTOEING AROUND TRUMP’

    Russia has made no explicit commitment to a meeting between Putin and Zelenskiy. Foreign Minister Sergei Lavrov said on Tuesday that Moscow did not reject any formats for discussing peace in Ukraine but any meeting of national leaders “must be prepared with utmost thoroughness”.

    Putin has said Russia will not tolerate troops from the NATO alliance in Ukraine. He has also shown no sign of backing down from demands for territory, including land not under Russia’s military control, following his summit with Trump last Friday in Alaska.

    Neil Melvin, director, International Security at the Royal United Services Institute think-tank, said Russia could drag out the war while trying to deflect U.S. pressure with a protracted peace negotiation.

    “I think behind this there’s a struggle going on between Ukraine and the Europeans on one side, and the Russians on the other, not to present themselves to Trump as the obstacle to his peace process,” Melvin said.

    “They’re all tiptoeing around Trump” to avoid any blame, he said, adding that on security guarantees, “the problem is that what Trump has said is so vague it’s very hard to take it seriously”.

  • Intel gets $2 billion lifeline

    Intel gets $2 billion lifeline

    Intel is getting a $2 billion capital injection from SoftBank Group in a major vote of confidence for the troubled U.S. chipmaker that is in the middle of a turnaround effort.

    The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic U.S. chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry.

    It will make SoftBank a top-10 shareholder of Intel and add to the Japanese tech investor’s ambitious bet on artificial intelligence that includes the $500 billion Stargate U.S. data center project.

    The deal follows media reports last week that the U.S. government may buy a stake in Intel, after a meeting between new CEO Lip-Bu Tan and President Donald Trump that was sparked by the President’s demand for Tan’s resignation over his ties to Chinese firms.

    SoftBank’s decision to invest in Intel is not connected to Trump, a person familiar with the matter told Reuters. The White House did not immediately respond to a request for comment.

    “This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role,” SoftBank CEO Masayoshi Son said in a statement.

    It will pay $23 per Intel share, a slight discount to Monday’s closing price of $23.66.
    SoftBank’s investment will come via a primary issuance of common stock by Intel, and, based on the U.S. company’s market capitalisation at close of trading on Monday, represent an equity stake of just under 2%, an Intel spokesperson said.

    Read more: Trump demands ‘highly conflicted’ Intel CEO resign

    The Japanese company would become the sixth largest investor in Intel, according to LSEG data.

    SoftBank shares dropped more than 5% on Tuesday following the announcement, while Intel surged 5.6% in after-market hours trading.

    The Japanese company will only take an equity stake in Intel and will neither seek a board seat nor commit to buying Intel’s chips, the person familiar with the matter said.

    MULTIPLE CHALLENGES

    Intel has struggled financially and recorded an annual loss of $18.8 billion in 2024, its first such loss since 1986, as it grapples with multiple challenges.

    Its longtime rival AMD has been gaining share in Intel’s mainstay personal computer and server semiconductor markets, while its ambitious and costly plan for a chip contracting business that rivals that of Taiwan’s TSMC has failed to take off.

    The company is now considering a significant change to its contract chip manufacturing business to win major customers, Reuters reported last month, in a potentially expensive shift from its previous strategies.

    “Intel’s dual role as designer and manufacturer/fabricator uniquely positions it as potentially the best platform in the U.S. to compete with TSMC,” said Charu Chanana, chief investment strategist at Saxo.

    Bloomberg News reported earlier on Monday that the U.S. government is in talks to take a 10% stake in Intel.

    SoftBank declined to provide more details on the Intel investment when asked to comment by Reuters.

    The Intel funding is the latest in the Japanese company’s run of mammoth investment announcements in 2025, which include committing $30 billion to ChatGPT maker OpenAI as well as leading the financing for Stargate.

    On Monday Taiwan’s Foxconn said it plans to manufacture data centre equipment with SoftBank at the Taiwanese firm’s former electric vehicle factory in Ohio as part of the Stargate project.

  • North Korea’s Kim calls for rapid nuclear buildup

    North Korea’s Kim calls for rapid nuclear buildup

    North Korean leader Kim Jong Un said his country needed to rapidly expand its nuclear armament and called U.S.-South Korea military exercises an “obvious expression of their will to provoke war,” state media KCNA reported on Tuesday.

    South Korea and its ally the United States kicked off joint military drills this week, including testing an upgraded response to heightened North Korean nuclear threats.

    Pyongyang regularly criticises such drills as rehearsals for invasion and sometimes responds with weapons tests, but Seoul and Washington say they are purely defensive.

    The 11-day annual exercises, called Ulchi Freedom Shield, will be on a similar scale to 2024 but adjusted by rescheduling 20 out of 40 field training events to September, South Korea’s military said earlier.

    Those delays come as South Korean President Lee Jae Myung says he wants to ease tensions with North Korea, though analysts are sceptical about Pyongyang’s response.

    The exercises were a “clear expression of … their intention to remain most hostile and confrontational” to North Korea, Kim said during his visit to a navy destroyer on Monday, according to KCNA’s English translation of his remarks.

    Read more: 80 years on, Korean survivors of WWII atomic bombs still suffer

    He said the security environment required the North to “rapidly expand” its nuclear armament, noting that recent U.S.-South Korea exercises involved a “nuclear element”.

    Efforts by the United States and its allies to tackle North Korea’s development of nuclear weapons are expected to be discussed at an upcoming meeting between U.S.

    President Donald Trump and South Korean President Lee Jae Myung in Washington.

    “Through this move, North Korea is demonstrating its refusal to accept denuclearisation and the will to irreversibly upgrade nuclear weapons,” said Hong Min, North Korea analyst at the Korea Institute for National Unification.

    A report by the Federation of American Scientists last year concluded that while North Korea may have produced enough fissile material to build up to 90 nuclear warheads, it had likely assembled closer to 50.

    North Korea plans to build a third 5,000-tonne Choe Hyon-class destroyer by October next year and is testing cruise and anti-air missiles for those warships.