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Japan to reinstate South Korea as preferred trade nation from July 21 as two sides improve ties

Published Tue, 25 Feb 2025 18:58:52 GMT

TOKYO (AP) — Japan announced a decision Tuesday to reinstate South Korea as a preferred nation with fast-track trade status starting July 21, virtually ending a four-year economic row that was further strained during their bitter historic disputes. Trade Minister Yasutoshi Nishimura told reporters that Japan and South Korea have also agreed to set up a framework to review and follow up on the systems as needed. Japan and South Korea have been rapidly mending their ties as they deepen three-way security cooperation with Washington in response to growing regional threats from North Korea and China.A reinstatement of South Korea’s preferential status next month would end a four-year trade dispute that began in July 2019 when Japan removed South Korea from its “white list” of countries given fast-track approvals in trade as ties deteriorated over compensation for Japanese wartime actions.Japan’s tightening of trade controls against Seoul was an apparent retaliation for South Korea...

Russia drops charges against Prigozhin and others who took part in brief rebellion

Published Tue, 25 Feb 2025 18:58:52 GMT

Russian authorities said Tuesday they have closed a criminal investigation into the armed rebellion led by mercenary chief Yevgeny Prigozhin, with no charges against him or any of the other participants.The Federal Security Service, or FSB, said its investigation found that those involved in the mutiny “ceased activities directed at committing the crime.”Over the weekend, the Kremlin pledged not to prosecute Prigozhin and his fighters after he stopped the revolt on Saturday, even though President Vladimir Putin had branded them as traitors.The charge of mounting an armed mutiny carries a punishment of up to 20 years in prison. Prigozhin escaping prosecution poses a stark contrast to how the Kremlin has been treating those staging anti-government protests.Many opposition figures in Russia have received length prison terms and are serving time in penal colonies notorious for harsh conditions.The whereabouts of Prigozhin remained a mystery Tuesday, The Kremlin has said Prigozhin would ...

US ambassador dismisses claims of American interference in Thailand’s elections

Published Tue, 25 Feb 2025 18:58:52 GMT

BANGKOK (AP) — The U.S. ambassador to Thailand dismissed claims of American interference in recent elections as a “disservice” to the Thai people, saying Tuesday that Washington does not support any individual candidate or political party. Claims of the U.S. meddling in the May 14 vote have swirled since the opposition Move Forward Party emerged as the top vote getter and another opposition party came in second, raising the possibility of a new coalition government that could take power from Prime Minister Prayuth Chan-ocha.The Move Forward Party is seen as nominally more pro-American than Prayuth, a former general who initially came to power in a military coup nine years ago, and the claims of American interference in the election are widely seen as originating from supporters of the current status quo. A small group of protesters even demonstrated in front of the U.S. Embassy in April, accusing Washington of interfering in Thailand political affairs. At a roundtable with doz...

German police search church properties in probe of Cologne archbishop over perjury allegations

Published Tue, 25 Feb 2025 18:58:52 GMT

BERLIN (AP) — German police and prosecutors are searching Catholic Church properties in connection with a probe of the archbishop of Cologne over perjury allegations, authorities said Tuesday.Investigators also searched the premises of an IT company that provides email services to the archdiocese headed by Cardinal Rainer Maria Woelki.The archbishop is under investigation on suspicion of having falsely testified to court about when he became aware of reports of clergy sexual abuse in the archdiocese.Woelki has denied the allegations, which have fueled anger among Catholics toward the church.The Associated Press

Stock market today: Global stocks higher Wall St drifts lower following run-up

Published Tue, 25 Feb 2025 18:58:52 GMT

BEIJING (AP) — Global stock markets were mostly higher Tuesday after Wall Street drifted lower following its latest rally.London, Shanghai, Paris and Hong Kong gained. Tokyo declined. Wall Street futures rebounded. Oil prices rose.Wall Street’s benchmark S&P 500 index lost 0.4% on Monday as tech stocks declined following a rapid run-up while most other stocks advanced. The index is off this year’s high of two weeks ago but still up more than 20% since mid-October.“The moderation from previous overbought technical conditions and extreme bullish sentiment continues,” Yeap Jun Rong of IG said in a report.In early trading, the FTSE in London rose 0.2% to 7,471.46 while the DAX in Frankfurt lost 0.1% to 15,813.06. The CAC 40 in Paris advanced 0.3% to 7,184.35.On Wall Street, futures for the S&P 500 and the Dow Jones Industrial Average were 0.2% higher.On Monday, the Dow lost less than 0.1%. The Nasdaq composite, dominated by tech stocks, fell 1.2%.In Asia, Shanghai Co...

Canada prepares to adapte to climate change: A look at what’s In The News today

Published Tue, 25 Feb 2025 18:58:52 GMT

Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today. Canada’s climate adaptation strategyCanada’s plan to make communities more resilient to climate change is coming today.The final version of the national adaptation strategy is expected to be similar to the draft published last fall, which included targets to shore up resistance to wildfires, extreme heat and major storms, such as hurricanes.That includes measures to protect people from extreme heat, updated flood maps for high-risk areas and public education about the specific risks people might face in their own communities.The federal government consulted with provinces and territories over the past seven months to get their buy-in to the plan, which will need all levels of government to work together.Dental dollars divvied upProvinces that already cover dental-care services for children have been given a smaller share of federal dollars from the Canad...

Provinces with existing dental coverage got smaller share of federal kids’ benefit

Published Tue, 25 Feb 2025 18:58:52 GMT

OTTAWA — Provinces that already cover dental-care services for children have been given a smaller share of federal dollars from the Canada Dental Benefit, further driving concerns that governments will end that coverage as the federal program expands.Data provided to Parliament shows that provinces and territories with dental benefits for all children were given less federal money per population than those that offer only targeted coverage. The federal dental benefit was launched last fall and is designed to provide cash payments to low- and middle-income families without private insurance. Children qualify for $260, $390 or $650, depending on their family income.Prince Edward Island, Nunavut, Newfoundland and Labrador, Quebec, Nova Scotia and Yukon all cover at least basic dental care for children — and received less funding than the national average.The data may confirm the program is working as intended to fill gaps in coverage, but the Bloc Québécois says the results reveal an &...

Feds to release final version of national climate adaptation strategy today

Published Tue, 25 Feb 2025 18:58:52 GMT

OTTAWA — Canada’s plan to make communities more resilient to climate change is coming today.The final version of the national adaptation strategy is expected to be similar to the draft published last fall, which included targets to shore up resistance to wildfires, extreme heat and major storms, such as hurricanes.That includes measures to protect people from extreme heat, updated flood maps for high-risk areas and public education about the specific risks people might face in their own communities.The federal government consulted with provinces and territories over the past seven months to get their buy-in to the plan, which will need all levels of government to work together.The plan comes as Canada is facing its worst wildfire season on record, breaking the record Monday for the most area burned due to fire in a single year in less than six months.Ottawa committed $1.6 billion in new spending to the adaptation plan last fall and is expected to put some more money on the tab...

Infrastructure at centre of Western Canada premiers’ meeting in Whistler, B.C.

Published Tue, 25 Feb 2025 18:58:52 GMT

WHISTLER, B.C. — The high cost of replacing infrastructure and upgrading it to withstand damage from climate-related disasters will be a key topic of discussion as western premiers meet today in Whistler, B.C. Host Premier David Eby says he and his counterparts from western provinces and territories agree on calling on the federal government to boost infrastructure funding, given the increased stresses on transportation grids across Western Canada.Eby says recent disasters in B.C., such as the heat dome in June 2021 and the series of atmospheric rivers that November, show the need for new infrastructure to be more resistant to the effects of climate change.Without the necessary upgrades, Eby says Western Canadian communities will continue to see strains and slowdowns, not only in the main transportation thoroughfares, but also in economic and trade activities that depend on those routes.The premiers are also expected to discuss issues such as public safety and the climate challenge ...

As mayor-elect Chow ascends to Toronto’s top office, budget challenges lie ahead

Published Tue, 25 Feb 2025 18:58:52 GMT

TORONTO — Olivia Chow heads to Toronto city hall today hours after being elected mayor of Canada’s most populous city. One immediate challenge for the former NDP parliamentarian and past city councillor will be tackling a nearly $1-billion pandemic-related budget shortfall, partly driven by reduced transit revenue and increased shelter costs.Chow will also have to tackle issues of housing unaffordability and public safety concerns. The 66-year-old veteran politician and first person of colour to be elected as Toronto’s mayor, who has pledged to bring change to the city, will be at city hall for meetings today. Chow eked out a win in the mayoral byelection against 101 other candidates vying to replace scandal-departed John Tory, with former deputy mayor Ana Bailão coming in a close second. The results of the election, which saw Chow capture 37 per cent of the vote, are set to be certified by the city clerk on Wednesday with a swearing-in date still to be announced. Chow h...