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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

World

Sun, April 2, 2023 | 14:43

US defense budget speeds toward $1 tril. with China in mind

US defense budget speeds toward $1 tril. with China in mind

The Pentagon intends to load up on advanced missiles, space defense and modern jets in its largest defense request in decades in order to meet the threat it perceives from China. The spending path would put the military's annual budget over the $1 trillion threshold in just a matter of years, its chief financial officer said Monday.

World | 2023-03-14 10:44

Biden announces nuclear-powered submarines for Australia

Biden announces nuclear-powered submarines for Australia

President Joe Biden and the leaders of Australia and the United Kingdom on Monday announced that Australia will purchase nuclear-powered attack submarines from the U.S. to modernize its fleet amid growing concern about China's influence in the Indo-Pacific.

World | 2023-03-14 10:28

US 3-year-old kills older sister with handgun

US 3-year-old kills older sister with handgun

A three-year-old girl accidentally killed her four-year-old sister with a handgun near Houston, Texas, despite the presence of five adults including their parents in their home, police said.

World | 2023-03-14 10:23

DoD cites threats in Indo-Pacific in requesting record defense budget

DoD cites threats in Indo-Pacific in requesting record defense budget

The U.S. Department of Defense (DoD) cited threats and challenges posed by China and North Korea in requesting an increase in defense expenditures to a new record amount on Monday.

World | 2023-03-14 09:18

Biden promises 'whatever needed' for US bank system

Biden promises 'whatever needed' for US bank system

Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take whatever action was needed to ensure the safety of the U.S. banking system after the sudden collapse of Silicon Valley Bank and Signature Bank.

World | 2023-03-14 08:33

Bank stocks tumble; others rise on hopes for easier rates

Bank stocks tumble; others rise on hopes for easier rates

Bank stocks tumbled Monday on worries about what's next to break, following the second- and third-largest bank failures in U.S. history. But many other stocks rose on hopes the bloodletting will force the Federal Reserve to take it easier on the hikes to interest rates that are shaking Wall Street and the economy.

World | 2023-03-14 08:13

Biden promises 'whatever needed' for US bank system

SVB collapse adds to woes of NPS' record investment loss

Biden tells US to have confidence in banks after collapse

Biden tells US to have confidence in banks after collapse

President Joe Biden on Monday told U.S. residents the nation's financial systems are sound, following the swift and stunning collapse of two banks that prompted fears of a broader upheaval.

World | 2023-03-13 22:30

SVB collapse adds to woes of NPS' record investment loss

China's Xi plans Russia visit as soon as next week: sources

China's Xi plans Russia visit as soon as next week: sources

Chinese President Xi Jinping plans to travel to Russia to meet his counterpart Vladimir Putin as soon as next week, people familiar with the matter said, which would be sooner than previously expected.

World | 2023-03-13 21:13

Masks stay put in Japan as 3-year request to wear them ends

Masks stay put in Japan as 3-year request to wear them ends

Japan on Monday dropped its request for people to wear masks after three years, but hardly anything changed in the country that has had an extremely high regard for their effectiveness at anti-virus protection.

World | 2023-03-13 15:06

China premier warns 2023 growth target 'no easy task'

China premier warns 2023 growth target 'no easy task'

China's new premier warned Monday that the country's 5-percent growth target for 2023 would not be "easy" to achieve, as its rubber-stamp parliament wrapped up over a week of meetings.

World | 2023-03-13 14:34

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