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koreatimes.co.kr | 2 hrs. 5 min. ago

Hanwha Ocean steps up push into global warship market

#Bangladesh #construction #Europe #Export #Indonesia #Initiative #market #Norway #Support #Thailand

Hanwha Ocean is bolstering its push for its warship business overseas, targeting strategic markets across Europe, Southeast Asia and Latin America as it moves to strengthen its position in the global naval defense industry. The shipbuilder is leveraging its submarine design and construction expertise, surface warship experience and large-scale production capacity to pursue new export opportunities.

Hanwha Ocean is the only Korean company to have participated in all three Korean Destroyer eXperimental (KDX) programs and all multi-phase Jangbogo submarine development projects. The KDX program is an initiative by the Republic of Korea Navy to modernize its destroyer fleet. The company's overseas naval business builds on its previous export record and a growing pipeline of potential contracts.

Under its former name, Daewoo Shipbuilding & Marine Engineering, Hanwha Ocean accumulated overseas submarine project experience through programs in Indonesia. It has also delivered frigates to Bangladesh and Thailand, as well as naval support vessels to Britain and Norway. More recently, the company was

smh.com.au | 10 hrs. 19 min. ago

WA needs a top-ranking university that can compete for top academic talent. A merger could give us just that

#economy #Initiative #merger #Support

This initiative is not about individuals, it is about what is best for WA. It is about developing a new state university that can support and underpin a strong, diverse economy for all West Australians.

al-monitor.com | 11 hrs. 49 min. ago

Egypt approves military support for Saudi Arabia after Houthi attacks escalate

#Egypt #Export #Iran #oil #R #Saudi Arabia #sea #Support #Yemen

CAIRO, Oct 26 (Reuters) - Parliament authorised Egyptian President Abdel Fattah al-Sisi on Monday to take "all necessary measures" to help Saudi Arabia to defend itself - a move that could push Cairo more directly into the conflict between the kingdom and Yemen's Iran-allied Houthis.Sisi had asked parliament to approve military support to Egypt's Gulf Arab ally and the world's biggest oil exporter if Riyadh requested help against the Houthis, whose advances also threaten the strategic Bab el-Mandeb Strait — southern gateway to the Red Sea and Egypt's Suez Canal.

theguardian.com | 15 hrs. 46 min. ago

Meta announces $95bn fundraising drive to pay for AI expansion – business live

#AI #bond #budget #Consolidation #debt #Dollar #Fund #Infrastructure #interest rate #investment #market #Musk #oil #Return #revenue #SpaceX #stock #Support #Sustainability #yield

Meta says share sale will support its “continued investment in AI infrastructure and personal superintelligence”, as Elon Musk warns some AI cloud computing firms face ‘guppy-level death’UK government borrowing costs are dropping this morning, a welcome sign ahead of Wednesday’s budget.The yield (or interest rate) on 10 and 30-year UK gilts have both dropped by around three basis points (0.03 of a percentage point) this morning.Issuing loans to public financial institutions creates a financial asset that offsets the increase in outstanding government debt.

If the investments that the PuFins make generate sufficient returns for the PuFins to repay their government loans, then long term debt sustainability is little affected.Limited transparency and the risk that the PuFins may suffer impairments on their investments will probably make bond market investors skeptical of the extra gilt issuance.

Chancellor Healey should avoid a big increase in gilt issuance to fund such intra-public sector lending.Nebius, CoreWeave and Iren were slammed in premarket trading on Monday after SpaceX and Tesla CEO Elon Musk said more than 200 neoclouds are “going to see guppy-level death and consolidation.”That’s the guppy fish – prone to suddenly dying in household fisk tanks – not the GBPJPY FX cross...In a post on X Musk said “debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers”.

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aljazeera.com | 1 days ago

US military says it helped Gulf states export 1.5 billion barrels of oil

#Barrel #Export #Gulf states #oil #Support

US Central Command says more than 3,000 commercial vessels have transited the Strait of Hormuz with its support.

koreatimes.co.kr | 1 days ago

Korea-US investment firm gets credit ratings with stable outlooks

#credit #investment #Support #United States

Global credit rating agencies have assigned ratings in line with Korea's sovereign ratings to the state-run company tasked with implementing Seoul's $350 billion investment pledge to the United States, the firm said Monday. The Korea-U.S. Strategic Investment Corporation (KUIC) said Moody's Ratings assigned it an Aa2 issuer rating with a stable outlook, while S&P Global Ratings assigned it long-term credit ratings of AA.

These were the company's first credit ratings since its launch earlier this year. "KUIC's rating is driven by the Government of Korea's very high willingness and ability to provide timely support, given the strong credit linkages between KUIC and the Government of Korea," Moody's Ratings said in a release.

"The government's strong ability to support KUIC is underpinned by the sovereign's ample financial reserves and strong creditworthiness, as reflected in its Aa2 rating," it added. S&P Global Ratings noted its assessment of KUIC reflects its view that "the institution has an almost certain likelihood of receiving timely and sufficient support from the Korean government i

koreatimes.co.kr | 1 days ago

Hungary can learn from Korea's state-led economic growth model, expert says

#debt #economic growth #FDI #foreign direct investment #growth #Hungary #investment #Supply Chain #supply chains #Support

Korea's state-led economic development model offers important lessons for Hungary, which has relied heavily on foreign direct investment (FDI) to drive economic growth, according to a Hungarian expert. Zoltan Pogatsa, a professor at the University of Sopron in Hungary, made the remarks during a seminar titled "Hungary's Economic Strategy: Lessons from Korea's Development Experience," held at Sookmyung Women's University in Seoul, Oct.

22. Pogatsa highlighted the contrasting economic development paths of the two countries, noting that Hungary has relied heavily on FDI since gaining autonomy over its economic policies following the end of Soviet domination, while Korea pursued a state-led development model, taking on substantial debt to subsidize domestic firms.

With FDI development strategy, Pogatsa argued that Hungary has limited its ability to develop globally competitive domestic brands and control its own supply chains, while Korea's strong government intervention to support domestic companies helped the country establish globally recognized brands such as Samsung and Hyundai. He also

koreatimes.co.kr | 1 days ago

Lee's approval rating falls to 35.3% after rebound: poll

#economy #housing #Main #Margin #market #Power #stock #Stock Market #Support

President Lee Jae Myung's approval rating fell to 35.3 percent after rebounding the previous week, a poll showed Monday. In the poll conducted on 2,517 adults nationwide from last Monday to Friday by Realmeter, positive assessments of Lee's job performance fell 2 percentage points from the previous week.

Lee's disapproval rating stood at 62.3 percent, up 1.9 percentage points from the previous week. Realmeter attributed the decline to growing concerns over the housing market and the economy, including the recent stock market plunge. The pollster also cited North Korea's threat to resume loudspeaker broadcasts toward the South and controversy over whether the chief of the Serious Crime Investigation Agency should attend Cabinet meetings.

In a separate survey of 1,003 adults conducted between Thursday and Friday, support for the ruling Democratic Party of Korea fell 0.2 percentage point to 36 percent, while that of the main opposition People Power Party rose 1.7 percentage points to 42.6 percent. The survey on the president had a margin of error of 2 percentage points at a 95 percent confide

cnn.com | 1 days ago

Venezuelan opposition leader returns after 10 months in exile

#Barrel #Don #economy #Europe #GAV #Hold #Main #media #Norway #oil #oil reserves #Power #R #reconstruction #Reform #Return #Support #Trump #United States #Venezuela

Images by the Press Team of Maria Corina Machado team on Sunday shows the opposition leader arriving at Santa Rosa church in Barquisimeto, Venezuela. After more than 10 months in exile, Venezuelan opposition leader and Nobel laureate returned home to a political landscape that has been reshaped by her ally the United States without her involvement.

- Maria Corina Machado Press Team Sigue nuestra cobertura en español After more than 10 months in exile, Venezuelan opposition leader and Nobel laureate María Corina Machado has returned home to a political landscape that has been reshaped by her ally the United States without her involvement.

“I am here. With you,” Machado announced on X Sunday morning shortly before other members of the opposition confirmed her arrival without providing details. Former opposition presidential candidate Edmundo González Urrutia, who is currently in exile, celebrated her return, saying, “Today is a very important day for Venezuelans.

Our sovereign voice returns with her to lead and guide this process!” He added that he will soon join her in returning to the country. The opposition shared images of Machado on Sunday in Lara state being greeted by supporters at the Church of Santa Rosa.

US President Donald Trump said he didn’t know about her return but that he hoped she was safe. “I don’t know anything about it, but I think she’s a very nice woman,” Trump said when CNN’s Julia Benbrook asked about Machado’s whereabouts. “She gave me her Nobel Prize, so how can I say anything else? And I hope she’s safe.”

Machado left Venezuela in December for Norway to accept the Nobel Peace Prize, which she was awarded for promoting democratic rights in her country. unknown content item - A month after she left, the US toppled her rival, strongman President Nicolás Maduro, and began working with the acting Venezuelan government to steer the country toward a democratic transition and political reconciliation.

The process has involved several high-profile opposition figures but has excluded Machado and González Urrutia. Dinorah Figuera, who has been leading the opposition bloc’s negotiations with the government, said Machado’s return was a result of Maduro’s ouster and the ongoing reconciliation talks. US Secretary of State Marco Rubio echoed those remarks and added: “The United States expects the freedoms of all sectors of Venezuelan politics to continue to be respected.

Likewise, we expect all political actors to support these talks which represent the best chance Venezuela has had in thirty years to peacefully achieve not just a free and fair election but an enduring democracy.” Machado had repeatedly vowed to return home and hinted that she would run for president again if an election were held.

In late August, a key member of her inner circle, Omar González, returned to the country after almost three years in exile, in what he called a “prelude” to Machado’s own arrival. Machado had attempted to re-enter Venezuela seven times over the past few months without success, according to her advisers.

She first tried in late June to help with reconstruction efforts after two powerful earthquakes devastated the country, but claimed the government thwarted her return by closing its airspace. She tried again in late September while acting Venezuelan President Delcy Rodríguez was in New York for the United Nations General Assembly, but she was denied entry three times in a single day.

Rubio said on September 1 that Washington had concerns about her possible return but that she did not need the United States’ approval. “María Corina Machado, a Venezuelan citizen, has every right to enter her country whenever she wants to return. We have given her advice.

For example, during the earthquake, we had many concerns and will continue to have concerns in the future, but we want her safety to be guaranteed,” he said at the time. While away from home for more than 10 months, Machado traveled the world to rally political support from her allies, including Trump, to whom she gifted her Nobel Prize.

Machado arrives at the US Capitol to meet senators after her meeting with Trump on January 15, 2026. - Elizabeth Frantz/Reuters While the Trump administration has shown support for Machado in the past, it has largely sidelined her from Venezuela’s ongoing political transition. After ousting Maduro in January, Trump called Machado a “very nice woman,” but claimed she “does not have the support or the respect within the country” to be leader.

Instead, the US has been working with Maduro’s successor, Delcy Rodríguez, to enact political and economic reforms in the country. Rodríguez has met just about every demand from the Trump administration, including releasing hundreds of political prisoners and making it easier for US companies to invest in the country.

In late August, Trump announced that the US had reached an agreement to take majority control of more than 65 billion barrels of proven oil reserves in Venezuela, a move some consider beneficial for both the US oil industry and the Venezuelan economy. Machado in a video statement questioned why the oil agreement announced by Trump was being signed by the Venezuelan government, which she called an “illegitimate regime.”

The government clung to power in 2024 after state-controlled electoral authorities declared Maduro the winner of the last presidential election, despite experts concluding that such a result was statistically improbable. Rodríguez vowed at the UN General Assembly last month that Venezuela would hold new elections and transition to a full democracy, which the US says is the main goal, but the acting government has yet to announce when a vote will take place.

Trump has repeatedly said the country is not ready for elections yet but has insisted that a lot of progress has been made. CNN’s Logan Schiciano and Julia Benbrook contributed to this report. For more CNN news and newsletters create an account at CNN.comThis article originally appeared on CNN at https://www.cnn.com/2026/10/25/americas/machado-returns-venezuela-latam-intl

axios.com | 1 days ago

Trump's DOJ barrels into midterms with lawsuits, raids and arrests

#AIMS #Barrel #credit #Fed #Federal Reserve #immigration #Li #Min #mortgage #R #Support #Trump

With just nine days until the midterms, the Trump administration is escalating its assault on two of the Department of Justice's most sacred guardrails:Independence from the White House.Restraint before elections.Why it matters: President Trump's DOJ has shattered the traditional calm of a pre-election period with a barrage of politically sensitive investigations, prosecutions and eleventh-hour efforts to influence the vote.Zoom in: The Justice Department's most aggressive election intervention yet came this week in Alaska, where a preemptive lawsuit seeks to delay certification of the state's U.S.

Senate results — if the Democrat wins.The DOJ argues that a second candidate, Dan J. Sullivan Jr., could confuse voters and siphon support from the Republican incumbent, Sen. Dan S. Sullivan.The administration wants certification halted if Sen. Sullivan loses to Democrat Mary Peltola but could have won with votes cast for the other Sullivan, pending an investigation into voter intent.Between the lines: Alaska's Supreme Court already ruled that the second Sullivan belongs on the ballot, and the state's ranked-choice system allows voters to rank both candidates.Legal experts question the DOJ's authority to block certification of a state-run election, or how officials could determine voters' intentions without compromising ballot secrecy.Peltola's campaign and national Democrats have moved to intervene in the lawsuit, challenging the administration's preemptive attempt to halt certification.Zoom out: Alaska is just one front in an October offensive aimed at rooting out alleged election fraud, investigating prominent Democrats and relitigating Trump's oldest political grievances.On Oct.

7, Trump established a White House committee to investigate alleged mortgage fraud by Federal Reserve governor Lisa Cook, authorizing DOJ personnel to participate in proceedings that could lead to her removal. Cook denies wrongdoing.On Oct. 12, federal agents searched Rep. Ilhan Omar's (D-Minn.) home and seized her cellphone as part of an investigation into possible immigration fraud.

The Wall Street Journal reports that the administration is building a case to try to strip the Somali-born lawmaker of her citizenship, and ultimately deport her.On Oct. 15, DOJ sued California to block ballots from more than 20,000 suspected noncitizens. On Friday, prosecutors demanded that county officials segregate flagged ballots within 48 hours, warning of potential criminal liability.

DOJ has also sought emergency appellate intervention.On Oct. 22, prosecutors unveiled an eight-count indictment against Virginia state Sen. Louise Lucas — a key figure in Democrats' redistricting efforts in that state — alleging she helped operate an illegal marijuana enterprise. Lucas denies wrongdoing.On Oct. 23, two former senior FBI officials were charged with lying to Congress about their roles in the Hunter Biden investigation.

FBI Director Kash Patel cast the arrests as part of a crackdown on alleged political "weaponization" against Trump.The big picture: The October blitz is unfolding alongside efforts to investigate or revive cases involving longtime Trump adversaries, including former CIA Director John Brennan, former FBI Director James Comey and New York Attorney General Letitia James.Reality check: DOJ has long observed an informal 60- or 90-day period of heightened caution before elections, though no blanket prohibition exists.Asked Thursday about the Lucas indictment, Attorney General Todd Blanche dismissed the unwritten convention and pointed out that the investigation began under President Biden.DOJ's written rules separately prohibit prosecutors from timing investigations or charges to influence elections.

Blanche says the agency doesn't do "political paybacks" and enforces the law impartially.What they're saying: In a statement to Axios, DOJ defended its election-related interventions, arguing that the California cases concern alleged misconduct in previous elections."Once an unlawful ballot is cast and counted, it cannot be uncounted," DOJ said.

"We expect law enforcement to prevent harm, not just document it."The department called linking the Lucas and former FBI officials' cases to the midterms "a smear," noting that none of the defendants are on November ballots.On independence, DOJ argued that it is constitutionally part of the executive branch and accused the Biden administration of weaponizing federal law enforcement "against the American people."The bottom line: In 2016, a single letter from then-FBI director Comey about Hillary Clinton's emails, sent 11 days before the election, was enough to provoke a national reckoning over the DOJ's political neutrality.A decade later, Blanche openly rejects the notion of independence from the White House as a "misperception," declaring this week: "I work for President Trump."On Friday, Trump took personal credit for ordering the Alaska lawsuit — an extraordinary intervention in a race that could decide control of the Senate."I'm the one that said, 'Do it,' " he told reporters.

livemint.com | 1 days ago

Bank FD laddering explained: How to maximise fixed deposit return with improving liquidity, managing interest rate risks

#Bank #interest rate #Interest Rate Risk #investment #Laddering #Liquidity #Retirement Planning #Return #Spread #Support

FD laddering helps investors spread savings across fixed deposits with different maturity dates. Understand how this strategy can improve liquidity, manage interest rate risks, support retirement planning and align FD investments with financial goals while maintaining predictable returns.

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