TOP NEWS

Armenian Prime Minister Nikol Pashinyan has declared victory after early results show his pro-EU ‘Civil Contract’ party with around 54% of the vote.

South Korean stocks nosedived more than 8 percent Monday, extending their losing streak to a third consecutive session, as investors dumped market heavyweights on renewed woes over artificial intelligence (AI) profitability and concerns over a possible hawkish pivot of the U.S. Federal Reserve.

The local currency rose against the U.S. dollar after opening at a 17-year low, in the face of verbal intervention by financial authorities.

The benchmark Korea Composite Stock Price Index (KOSPI) plunged 676.18 points, or 8.29 percent, to close at 7,484.41, after falling as low as 7,442.73. The secondary KOSDAQ index sank more than 9 percent to end at 911.39.

The KOSPI’s trade volume was heavy at 448.3 million shares worth 47.8 trillion won (US$31.2 billion), with losers sharply outnumbering winners 873 to 42. Foreigners and institutions dumped local shares worth 355.5 billion won and 1.6 trillion won, respectively, while retail investors scooped up 1.76 trillion won.

The Monday crash was largely anticipated on sharp losses on Wall Street last week, fueled by semiconductor shares’ biggest daily percentage drop since March 2020 and fears over a possible rate hike by the Fed sparked by a hotter-than-expected U.S. jobs report for May.

The Dow Jones Industrial Average closed 1.35 percent lower Friday (local time), while the S&P 500 dipped 2.64 percent and the tech-heavy Nasdaq composite slid 4.18 percent.

Major U.S. chip shares sharply lost ground, with Nvidia slumping 6.2 percent, Broadcom contracting 7.92 percent and Micron shooting down 13.25 percent.

The Korea Exchange (KRX) had activated a circuit breaker for the KOSPI about three minutes after opening, halting trading for 20 minutes, and implemented a consecutive sell-side sidecar at around 9:34 a.m.

The KRX had also issued a sell-side sidecar for the secondary KOSDAQ market about six minutes after opening, suspending trading for five minutes, and activated a circuit breaker for the index later in the day after the KOSDAQ fell by more than 8 percent.

“Today’s pullback appears to be driven not by the weakening of market fundamentals, but by profit-taking sentiment among investors, mainly targeted at the semiconductor sector, as the market reacted more sensitively to negative developments after an extended rally of chip shares,” a report by Samsung Securities said.

The KOSPI has been one of the best performing stock indexes across the world in recent months, surging to near the unprecedented 9,000-point mark on Tuesday last week from the 5,000-point level earlier this year, mainly driven by major semiconductor shares, including Samsung Electronics and SK hynix.

“There is a lot at stake in this week’s financial market, with U.S. inflation data, treasury yields and the ongoing debate over the sustainability of AI-related investment all unfolding simultaneously,” said Seo Sang-young, an analyst at Mirae Asset Securities.

Han Ji-young, a researcher at Kiwoom Securities, also anticipated a “challenging” week for the KOSPI, noting that the release of the U.S. Consumer Price Index for May, the SpaceX listing and Oracle’s earnings results planned for this week may weigh on the market.

Market analysts also said news that Iran and Israel traded strikes dampened investors’ risk appetite, dimming hopes for peace in the Middle East.

Market top-cap Samsung Electronics slid 10.18 percent to 295,500 won, while its chipmaking rival SK hynix dipped 7.68 percent to 1.91 million won.

AI investment firm SK Square nosedived 11.13 percent to 1.12 million won.

Samsung Life Insurance lost 8.97 percent to 375,500 won, and Samsung C&T plunged 11.29 percent to 408,500 won.

Top automaker Hyundai Motor plummeted 8.71 percent to 639,000 won, and its auto parts making affiliate Hyundai Mobis shot down 12.2 percent to 612,000 won.

Leading battery maker LG Energy Solution pulled back 6.16 percent, and its smaller rival Samsung SDI sank 11.44 percent.

Home appliances maker LG Electronics slipped 11.55 percent to 268,000 won, while power plant manufacturer Doosan Enerbility shed 10.25 percent to 85,800 won.

Internet portal operator Naver was among the few winners, jumping 9.2 percent on news that the company is conducting a joint project with U.S. AI chip giant Nvidia to build a massive global AI factory and the nomination of Han Seong-sook, former chief executive officer (CEO) of Naver and incumbent minister of small and medium-sized enterprises (SMEs), as South Korea’s new prime minister.

SK Networks surged 30 percent to 14,170 won on SK Group and Nvidia’s announcement of a broader partnership for AI infrastructure.

The Korean won was quoted at 1,535.0 won against the U.S. dollar at 3:30 p.m., up 4.1 won from the previous session, after opening at 1,555.2 won, the lowest mark since March 6, 2009, when the global markets were in a financial crisis.

The local currency turned higher after financial authorities vowed stern action against excessive volatility and one-sided movements in the foreign exchange market.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys added 5.8 basis points to 3.940 percent, and the return on the benchmark five-year government bonds gained 7 basis points to 4.190 percent.

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EXPLAINER

Tensions have escalated between Iran and Israel while ongoing diplomatic efforts have failed to yield a lasting peace deal.

Iran and Israel were on Monday locked in tit-for-tat missile attacks, as the fragile ceasefire that has held in place since April 8 appeared closer to collapse than at any point in the past seven weeks.

These escalating hostilities between Iran and Israel come as the United States-Israel war on Iran enters its 101st day on Monday.

Here is what is happening:

In Iran

• Explosions heard in Iran: Iran’s IRNA news agency reported that at least “two powerful explosions” were heard in Tehran and at least three in the city of Isfahan. The broadcaster also reported that explosions were heard in Tabriz. The Israeli military had said it “attacked military targets” in western and central Iran.
• Power plant in Mahshahr attacked: A security officer in the southwestern Khuzestan governorate told the Fars news agency that Israeli forces have attacked the Karun Petrochemical Company in the city of Mahshahr. The Israeli army confirmed striking the petrochemical plant. The Mahshahr Petrochemical Special Economic Zone announced that its workers have evacuated the site following the Israeli strike.
• Iran denies attacking base in Saudi Arabia: Responding to reports of an explosion at the Al-Kharj airbase in Saudi Arabia, Iran’s IRIB broadcaster cited a military official as saying that “Iran has not fired any shots.”
• Red Crescent on standby: The Iranian Red Crescent says it is standing by to respond to any fallout from Israel’s attacks across the country this morning.

In Israel

• Security cabinet meeting: Israeli Prime Minister Benjamin Netanyahu will convene a security cabinet meeting at 11am local time (08:00 GMT) amid escalating hostilities with Iran, according to multiple Israeli media reports.
• The Israeli military issued a series of alerts starting Sunday over waves of missiles launched from Iran towards Israeli territory.
• Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Monday that they launched attacks against Israel’s Nevatim and Tel Nof airbases as a response to attacks on radar sites within Iran, the Fars news agency reported.
• Israel’s Channel 12 broadcaster and Ynet News said a missile fired from Yemen was intercepted.

In the US

• The US State Department issued a security alert for citizens in Jordan over reports of projectiles in the country’s airspace – presumably missiles fired by Israel towards Iran, or by Iran towards Israel.
• Democratic Senator Chris Murphy said Israel’s latest attack on Iran “compounds” the “humiliation” for US President Donald Trump, as it comes after the US president reportedly told Netanyahu not to retaliate to Iran’s missiles fired at northern Israel.

In Lebanon

• Explosions were heard in the Lebanese capital Beirut early on Monday, but these were likely rocket interceptions, Al Jazeera’s Zeina Khodr reported from Beirut.
• On Sunday, Israel had hit the suburbs of Beirut, in attacks that Iran described as crossing a red line in terms of violating a ceasefire between Lebanon and Israel. Iran then said its decision to hit northern Israel was in response to these attacks near Beirut.

War diplomacy

• Israel defends attacks on Iran: The Israeli ambassador to the US, Yechiel Leiter, defended the attacks on Iran, saying “no self-respecting country” would tolerate Iran’s missile launches against Israel.
• Canada expresses concern: Canada’s Foreign Ministry has expressed concern about the resumption of conflict between Iran and Israel, saying it jeopardises the ongoing negotiations and “the prospects for peace”.
• Saudi-Qatari foreign ministers speak: Saudi Foreign Minister Prince Faisal bin Farhan Al Saud spoke by phone with his Qatari counterpart, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, the Saudi Foreign Ministry said.
• Qatari-Iranian foreign ministers speak: The Qatari foreign minister, who is also the country’s prime minister, spoke by phone with Iranian Foreign Minister Abbas Araghchi about mediation efforts between Iran and the US, as well as the latest developments in Lebanon, according to a Qatari statement.

June 7 (UPI) — Five people were injured and a suspect is in custody after a mass stabbing incident at New York City’s Penn Station, officials said.

New York Police Department, Fire Department of New York and Amtrak officials confirmed to local media that five were hospitalized in the aftermath of the stabbings, which happened at around 7 p.m. EDT.

Officials said one those who were attacked was seriously injured, two were injured less seriously and two others suffered minor injuries. All were taken to a nearby hospital. officials said.

Law enforcement sources told amNewYork a male suspect allegedly attacked passersby with a sharp object before police subdued him.

Witnesses said Penn Station and the area surrounding 33rd Street and Seventh Avenue in Manhattan were crowded with ambulances and police cars after the stabbing.

The incident came at a tense moment in the city as New York prepares for the appearance of President Donald Trump at Game 3 of the NBA Finals in the adjacent Madison Square Garden on Monday.

Trump’s presence is expected to generate a massive security presence around Penn Station, including the cancelation of a scheduled watch party in the streets outside of the arena.

The New York Knicks are hosting the San Antonio Spurs in the NBA Finals.

June 7 (UPI) — The Israel Defense Forces confirmed it struck military targets in western and central Iran on Monday in retaliation for a wave of airstrikes launched against the Jewish state by Tehran hours earlier.

“A short while ago, the Israeli Air Force struck military targets belonging to the Iranian terror regime in western and central Iran. Details to follow,” the IDF said in a post on Telegram as a fragile cease-fire in the Iran War continued to unravel.

Iran’s Islamic Revolutionary Guard Corps, meanwhile, confirmed the attack, according to the semi-official Mehr News Agency.

“The Zionist enemy has attacked targets on our country’s soil using air-launched ballistic missiles,” the IRGC said.

Official Iranian media also said residents in neighboring Iraq heard explosions in parts in the capital Baghdad while unidentified objects were seen over the Iraqi city and in Beirut.

The strikes against Iran came just hours after the Islamic regime lobbed missiles into northern Israel for the first time since the beginning of the cease-fire, which came into effect on April 8.

Tehran said those strikes were in response to Israeli bombings targeting Hezbollah in Lebanon.

The Iranian missiles, which the IDF said had been intercepted, were the first direct attack on Israel since the cease-fire.

The attacks follow an announcement on Sunday that Israel had launched strikes at alleged Hezbollah targets in Beirut — attacks which it has continued throughout the cease-fire — and some of which have been in suburban neighborhoods.

U.S. President Donald Trump, who reportedly has been briefed on Iran’s actions, told Iran “that’s enough, get back to the table” for peace negotiations, Fox News reported.

“The Israeli army must stop its attacks on southern Lebanon and the suburbs, and if it expands its attacks to that region or responds to Iran’s action, it will face more devastating and regrettable blows,” General Ali Abdollahi, head of Iran’s Khatam al-Anbiya command, said in a statement.

Trump has reportedly also told Israeli Prime Minister Benjamin Netanyahu to hold back after the Iranian strikes, which Netanyahu agreed to on the condition that Hezbollah — which is funded by the Iranian regime — not launch strikes into northern Israel from Lebanon.

The United States and Iran have been negotiating an end the war for more than a month, as a cease-fire has mostly held but the Strait of Hormuz remains blocked, preventing the shipment of oil and other products from the Middle East.

June 7 (UPI) — Emergency officials said damage assessments were underway early Monday in the Philippines after a magnitude 7.8 earthquake jolted Sarangani province in the southern island of Minanao.

The powerful quake came at 7:37 a.m. local time and was centered about 20 miles west of of the town of Maasim at a depth of 20 miles.

The Office of Civil Defense received early reports of major damage to infrastructure in the area although no official verification of casualties had yet been received.

“There are reports of major damage in various infrastructure,” agency officials told reporters. “Electricity and communications are affected as well. Evacuation is also ongoing in affected coastal areas.”

Most of the affected areas are in Zamboanga Peninsula, Davao Region, Soccsksargen, and the Bangsamoro Autonomous Region in Muslim Mindanao.

The Pacific Tsunami Warning Center issued warnings that waves of up to 10 feet were possible in some areas of the Philippines while waves up to 3 feet could strike parts of Malaysia and Indonesia.

No danger of tsunamis was imminent for the coasts of the United States or Canada, the center said.

Philippines President Bongbong Marcos said he has instructed all relevant government agencies to “act immediately,” including setting up evacuation centers and assessing damage to roads, bridges and critical infrastructure.

Marcos also ordered the suspension of classes in all levels across affected areas in Mindanao until further notice, adding, “The safety of our children comes first.

“Please heed the tsunami warning,” he urged. “Move to higher ground now. Do not wait. Your life is more important than anything left behind.”

As the World Cup nears, many Iranians say their normal enthusiasm for the event has been dampened by the co-host US’s war against their country as well as economic hardships.

On the 100th day of the US-Israeli war on Iran, Al Jazeera’s Mohamed Vall explains how Tehran’s patience has reached its limit with the continuous violations of the ‘ceasefire’. Iran fired missiles at Israel after Israel attacked Beirut on Sunday.

North Korea has released photos of Kim Jong Un inspecting huge munitions at a weapons factory ahead of Chinese president Xi Jinping’s visit. Pyongyang has ordered missile production capacity to be doubled in the next five years.

Iran and Israel exchanged threats after Tehran launched missiles towards Israel in response to Israeli strikes on Beirut’s southern suburbs. Israel vowed to deepen attacks on Lebanon, while Iran warned of further action if the strikes continue.

June 7 (Asia Today) — President Lee Jae-myung sharply criticized the National Election Commission on Sunday over allegations that voting rights were violated during South Korea’s June 3 local elections.

Lee called on the National Assembly to conduct a parliamentary inquiry and ordered the administration to create a joint investigation team involving prosecutors and police.

“The National Election Commission caused serious disruption to the people’s exercise of voting rights during the June 3 local elections,” Lee wrote on Facebook. “The incident itself is difficult to understand, but its response afterward and explanation to the public were also insufficient.”

Lee said the right to vote is a constitutional right that must not be restricted or infringed upon for any reason.

“This is a grave matter that damaged the foundation of popular sovereignty,” he said. “As one citizen and as the president responsible for the government, I express deep regret.”

Lee asked lawmakers to quickly pursue a parliamentary inquiry to determine the facts and prepare measures to prevent a recurrence.

He also called for discussions on fundamental institutional reforms of the election commission.

“The government will also consider every possible measure at the administrative level, given the seriousness of the matter,” Lee said. “I have instructed the creation of a joint investigation team involving prosecutors and police to clarify responsibility and thoroughly determine the full circumstances of the case.”

Lee noted that the commission is an independent institution and said its independence comes with major responsibilities.

“The chairperson of the National Election Commission is regarded as one of the five highest constitutional officeholders because the commission is an independent institution with corresponding authority, duties and responsibility, just like the executive, legislative and judicial branches,” Lee said.

“The more independent an institution is, the more important public trust becomes,” he said. “An independent institution that has lost public trust has no reason to exist.”

Lee urged the commission to conduct a fundamental review of its organization and election management system. He said the commission should take the incident seriously and show a strong commitment to reform at a level the public can trust.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260607010002243

Iranian state TV broadcast scenes of celebration in Tehran as missiles flew overhead en route to Israel. Iran says the launch was retaliation for Israel’s earlier attack in Beirut, and other US-Israeli ceasefire breaches.

Iranian media has released video showing missiles being launched towards Israel, while videos captured incoming missiles making impact in northern Israel. Iran says it’s a response to Israel attacking Beirut in violation of a US-brokered ceasefire in Lebanon.

June 7 (UPI) — Pope Leo drew more than 1 million people to an open-air mass in Madrid on Sunday morning to start his week-long visit to Spain.

The mass, to celebrate the feast of Corpus Christi, was held in the Plaza de Cibeles and saw the Pontiff ride through the 1.2 million strong crowd that overflowed into nearby streets to the stage where he performed mass, The Guardian and The BBC reported.

Pope Leo arrived in Madrid on Saturday to start the visit, the first time in 15 years that a Pope has spent time in Spain, and was greeted with fanfare and Spanish King Felipe VI and Queen Letizia.

Along with the mass, Pope Leo had plans on Sunday to meet with the members of the Order of St. Augustine and attend a gathering of Spanish representatives of the country’s culture, arts, business and sports.

Among remarks in Pope Leo’s sermon, he told those in attendance that, like God, they should work to help “the poor, the downtrodden, those who are alone and forsaken,” adding that religion remains “a school of faith from which” they can draw in their daily lives.

The large crowd on Sunday morning followed the Pope addressing between 500,000 and 600,000 people on Saturday night at a prayer vigil — and saw him address younger people in the crowd with the “6-7” hand gesture that has gone viral online.

Monday, the Pope is expected to address the gridlocked Spanish parliament, where his comments likely will address the type of political polarization in Spain and many other nations right now.

On Thursday, Pope Leo has plans to visit the Canary Islands, a landing spot for people looking to migrate to Spain.

Alexander Zverev has finally secured his maiden Grand Slam title with a dramatic five-set victory over Italy’s Flavio Cobolli in the French Open final on Sunday.

The second seed became the first German man to win a major tournament since Boris Becker at the 1996 Australian Open with a 6-1, 4-6, 6-4, 6-7 (5/7), 6-1 victory after four hours and 16 minutes.

“This court is so special to me in so many ways… but now finally, it’s a happy end,” said Zverev, who suffered a season-ending ankle injury in the 2022 semifinal against Rafael Nadal on Court Philippe-Chatrier, where he was also edged out in five sets by Carlos Alcaraz in the 2024 final.

It was Zverev’s fourth Grand Slam final and second at Roland-Garros after some heartbreaking near misses in his career.

“We’ve been through losses, we’ve been losers at times as well in the most important moments,” he said during the trophy presentation, turning to his team.

“But at the end of the day, we’re Grand Slam champions now, and that’s what counts.”

Cobolli, the 10th seed, was bidding to become the first Italian man since Adriano Panatta to win the French Open in 50 years.

The 24-year-old had never even played a Slam semifinal before, let alone a final, after his last-four opponent Matteo Arnaldi withdrew from the tournament due to illness.

“It’s not easy for me to talk right now,” said Cobolli after receiving his runner-up trophy from Panatta, before addressing Zverev.

“I’m happy for you, but I’m also sad because I was close and I feel it. So now you’ve achieved your dream, let me win the next time.”

Both players appeared to struggle with nerves at various points in the match, especially Cobolli during an error-strewn first set.

But Zverev’s greater experience showed in a deciding set that was far tenser than the scoreline suggested, as he managed to get over the line.

The 29-year-old was handed a golden opportunity to break his Grand Slam duck by the injury-enforced absence of reigning champion Alcaraz and surprise early exits for Jannik Sinner and Novak Djokovic.

The world number three was not always in control, making 54 unforced errors, but did enough to finally shed the tag of being one of the best players to have never won a major.

Zverev had previously also lost in six Slam quarterfinals and seven semifinals, alongside his three final defeats.

The most agonising miss of all was his first major final, when he blew a two-set lead and failed to serve for the championship against Dominic Thiem at the 2020 US Open.

The now-retired Thiem was watching on from the stands at Roland-Garros as Zverev belatedly put the memories of that match to bed six years later.

Cobolli’s nervy start

Cobolli made a nervy start and appeared to be struggling to deal with the occasion as the first set quickly got away from him in 39 minutes and he made 16 unforced errors.

He managed to settle into the match with three successive holds of serve in the second set, and then made his move out of nowhere to break in the seventh game.

Zverev had been completely untroubled on serve previously, but produced a scrappy game featuring two double-faults and a wild forehand on break point before turning to gesticulate angrily towards his coaching staff.

Cobolli started to grow in confidence and served out the set to breathe life into the final.

A higher-quality third set disappeared from Cobolli’s grasp in the 10th game, though, as from 30-0 up, he lost four points in a row, including a poor forehand that flew well wide on set point.

The world number 14, who will climb into the top 10 for the first time next week, hit straight back with a break in the opening game of the fourth set.

He could not pull away in the set, though, as both players ended up being broken twice, including Cobolli when he served for it at 5-4.

But the Italian rallied himself to push it into a tie-break, which he took to force a decider with a blistering forehand winner on his second set point.

Following a delay before the start of the final act after Cobolli left the court, Zverev struck first blood with a break in the first game.

Cobolli’s hopes were finally all but extinguished when he missed a break-back point and then dropped serve again to slip 3-0 down.

Zverev staved off three more break points in the fourth game and eased to victory from there, falling to the clay in celebration after Cobolli shanked an overhead on his second championship point.

June 7 (UPI) — The Organization of the Petroleum Exporting Countries on Sunday agreed to increase production by nearly 200,000 barrels per day despite the Strait of Hormuz remaining closed, making it near-impossible to ship any of it.

Ordinarily, OPEC increasing oil production among the group of nations that comprise it would lower its cost, but experts have called the move largely symbolic because of the ongoing war in Iran, The New York Times and Wall Street Journal reported.

The Strait of Hormuz, which 20% of the world’s oil supply ordinarily would pass through daily, has been closed since early in the war as part of Iran’s effort to counter the war launched by the United States and Israel in February.

The OPEC members that agreed to the 188,000-barrel increase for July — the fourth month in a row that the group is increasing production — include Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman.

The countries agreed to the increase as part of the group’s “commitment to support oil market stability” and said the latest production increase would also allow the participating nations to “accelerate their compensation,” OPEC said in a statement.

“The countries will continue to closely monitor and assess market conditions, and in their continuous efforts to support market stability, they reaffirmed the importance of a cautious approach,” the group said in the statement.

The Trump administration continues to negotiate an end to the war that would lead to the reopening of the Strait, in addition to working to limit Iran’s ability to build a nuclear weapon, amid a shaky weeks-long cease-fire.

New law grants president power to use military to clear roadblocks set up amid weeks of anti-government demonstrations.

Bolivia’s legislature has passed a law granting President Rodrigo Paz the authority to use the military to clear roadblocks set up by antigovernment protesters.

The legislation passed in Bolivia’s Chamber of Deputies on Sunday following an overnight debate. It had previously been approved by the Senate and was expected to be signed into law by Paz.

“This law is hereby passed,” announced Roberto Castro, President of the Chamber of Deputies.

The military has so far only been used in support roles for anti-riot police during weeks of demonstrations calling for Paz, the centre-right leader backed by the US, to step down.

About 100 roadblocks have been set up across the country in recent weeks. Authorities have said the road blockades have led to food and medicine shortages.

On Saturday, dozens of riot police backed by military vehicles fired tear gas as they attempted to clear a road in the town of San Julian.

Protesters threw stones and burned tyres to try to halt the police advance, said an AFP reporter at the scene.

The new law would allow soldiers to use force against protesters, and also grants them a “presumption of legality” in conflict situations. That means their actions will be deemed lawful unless proven otherwise.

It comes after Bolivia’s legislature voted last month to repeal a 2020 law that restricts the use of the military to crack down on protests.

Farmers, miners and transportation unions have been among those leading the protests. The demonstrations come amid widespread unrest over rising inflation, low wages and Paz’s move to abolish fuel subsidies.

Paz, who was elected last year, has charted a course as a pro-business leader, vowing to guide the country through an ongoing economic crisis.

He has received the backing of the US, with the administration of the US President Donald Trump’s so-called “Shield of the Americas” regional coalition vowing support during protests..

“We stand with Paz’s democratic government as it fights back against attempts to drag Bolivia backwards through cynical efforts to prevent the delivery of food, medicine and other vital supplies to the Bolivian people through fake road blockades,” said the alliance members, who have vowed to take a militaristic response to crime in Latin America

Antonelli takes his fifth Grand Prix win in a row in race interrupted by crashes after asphalt breaks apart.

Formula One championship leader Kimi Antonelli stayed ice-cool to ⁠win a ⁠chaotic Monaco Grand Prix and extend his run of victories this season to five.

The 19-year-old Italian built a ⁠commanding lead on Sunday after starting from pole in his Mercedes but that evaporated after a late red flag to inspect a crumbling ⁠surface at the final corner following a crash that took out Ferrari’s Charles Leclerc.

After a delay of about 40 minutes while repairs were carried out, the race resumed with a standing start but Antonelli remained unfazed ‌as he became the youngest-ever winner of the iconic race.

Ferrari’s Lewis Hamilton was runner-up for the second successive Grand Prix with Red Bull’s Isack Hadjar provisionally third, although he was one of a number of drivers under investigation for a variety of infringements.

Hamilton, who equalled the late Ayrton Senna’s eight Monaco podiums, ⁠moved above Antonelli’s teammate George Russell into ⁠second place in the standings, 66 points behind Antonelli.

“It’s been an incredible weekend and an incredible race,” said Antonelli, who was not even born the last time an ⁠Italian won the Monaco Grand Prix – Jarno Trulli in 2004.

“We had incredible pace and it all ⁠came so natural and that gave me ⁠the confidence to push.”

A year after finishing last on his F1 debut at Monaco, Antonelli showed incredible poise to shrug off the red flag drama that meant he effectively ‌had to win two races.

“I wasn’t super keen on re-starting but once the notification came out I just gathered my emotions and ‌re-focused ‌again. Once I got away and was P1 into the first corner I could enjoy the last few laps.”

Iran’s World Cup squad has landed in Tijuana, Mexico ahead of the World Cup – amid a diplomatic row with cohosts United States, which is at war with Tehran and has refused visas for several members of the Iranian delegation.

The squad touched down shortly after 5am (1200 GMT) in the Mexican city, across the border from San Diego in California, after ‌an overnight flight from Turkiye, where they have been training for the past three weeks.

The Iranian football federation negotiated at the last minute to move the team’s base camp from Arizona to Mexico, due in part ⁠to uncertainty over whether ⁠they would be granted visas to enter the US.

The US awarded visas to all the players on Friday, just ⁠10 days before their first match, but several members of the ⁠support squad were not ⁠given visas, including “key managerial and administrative members,” according to the federation.

The dispute comes days before the tournament kicks off on Thursday, when Mexico play South Africa in Mexico City.

Iran will be based in the city throughout the tournament, despite playing their entire group stage on the US West Coast.

When they do play in the US, it will be the first World Cup to see a host nation receive the team of a country it is at war with.

‘Hold the US accountable’

Iran’s team spent nearly three weeks at a training camp in Antalya, using their time in Turkiye to apply for visas for the three host nations.

On the eve of their departure for Mexico, the players received their US visas, Washington’s envoy to Turkiye, Tom Barrack, said on X late on Friday.

But Iran’s embassy to Turkiye said 15 administrative and management staff had been denied visas.

“You have now escalated the deliberate and discriminatory treatment against Iran’s national football team to its highest level,” the embassy posted on X on Saturday, calling for world football’s governing body FIFA “to hold the US accountable for violations of its rules”.

Adding to the tensions, Iran’s ambassador to Mexico said on Saturday that the squad had been notified that under their visa conditions the team must enter and leave US soil on the same day as their matches.

“We can enter in the morning and we must leave the same day,” Iran’s envoy Abolfazl Pasandideh told reporters.

That appeared to contradict what the team’s spokesman Amir Mahdi Alavi told state TV earlier.

“The visas issued for the national team are multiple-entry visas, and the national team will arrive at the match venue one day before the first game and, for the following games, two days prior to each match,” Alavi said.

FIFA rules for World Cups stipulate that a team’s coach must give a news conference on the eve of the match at the venue where the game will be played.

‘Political interference’

Iran’s Football Federation – whose chief Mehdi Taj was reportedly among those denied a visa – has described the decision as “political interference in sport in its worst form”.

In response, a US administration official confirmed that “the visas necessary for Iran to compete in the World Cup, including for athletes and necessary support staff, have been issued.”

Without directly addressing the matter of those whose visas were refused, the official added: “We will not allow the Iranian team to abuse this system to sneak terrorists into the United States under false pretences.”

In April, US Secretary of State Marco Rubio said any problem would not be with the Iranian players but “some of the other people (they) would want to bring with them,” suggesting some had ties to the Islamic Revolutionary Guard Corps, which is on the US blacklist of “terrorist” groups.

Iran are in Group G and will play New Zealand and Belgium in Los Angeles on June 15 and 21, followed by Egypt in Seattle on June 26.

The US defence department has reportedly raised its assessment of the espionage threat posed by Israel to the highest category of “critical”, according to media reports citing American intelligence and defence officials.

The assessment, first published by NBC News on Friday and followed by The New York Times, comes at a time when Washington is pursuing diplomatic engagement with Iran, while its ally Israel is opposed to the talks aimed at ending the conflict now 100 days long on Sunday.

US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu have publicly diverged in their approach to the war – Washington wants to extricate itself amid political pressure, while Israel is still pushing to topple the Iranian government.

This is not the first time Israel has been accused of espionage against the US – its closest ally and benefactor – with which it maintains extensive security and intelligence cooperation.

Here is what you need to know:

What did the Pentagon say?

According to NBC News and The New York Times (NYT), citing anonymous current and former US officials, the Pentagon’s Defense Intelligence Agency (DIA) arm recently upgraded Israel’s counterintelligence threat level from “high” to “critical”, the most serious designation in its internal assessment system.

The warning was based on Israeli intelligence agencies intensifying efforts to collect information on US military personnel, government officials and policy discussions.

The news reports said the concern was focused on American officials involved in shaping Washington’s approach towards Iran, as the two foes continue to negotiate an end to the war that has sent global energy prices soaring.

“An intensified Israeli effort to learn about US positions in talks with Iran has crossed a line, according to some American officials,” the NYT said.

According to the news outlet, intelligence assessments pointed to increased Israeli surveillance efforts in recent weeks targeting US military and government figures.

They include Trump envoy and key negotiator Steve Witkoff; the Pentagon’s top policy official, Elbridge A Colby; and one of his deputies, Michael P DiMino IV, the NYT reported.

Witkoff was chief negotiator in the nuclear talks before Israel and the US launched the attack on Iran on 28 February.

The reports also referenced incidents in which US defence personnel working in Israel allegedly discovered software on their phones “to tap their communications had been surreptitiously installed on their phones”, the NYT added.

The newspaper said the DIA reports found Israeli spying on the US, which has occurred before, surged from late 2024 onwards, coinciding with US President Joe Biden’s administration stepping up pressure on Israel over its genocide in Gaza.

The reported increase in spying continued after Trump was elected to a second term in November 2024 and began shaping his administration’s policy towards Iran.

Tensions between Trump and Netanyahu have come to the surface in the past week, amid reports the US president called the Israeli prime minister “f****ing crazy”, due to Israel’s escalation in Lebanon. At least 3,500 people have been killed in Israeli attacks in Lebanon.

Trump has been pressing Israel to halt its attacks on Lebanon, but the bombardment in the south has continued, undermining a potential deal with Iran which insists both issues are inseparable.

While intelligence gathering between friendly nations is not unusual, some US officials reportedly believe recent Israeli activities have gone beyond what Washington traditionally considers acceptable among allies.

According to officials cited in the reports, US intelligence agencies have become increasingly concerned that Israel is seeking greater insight into US policy discussions and negotiating positions, specifically with Iran.

What has been the response from the Israeli and US governments?

Israel has denied the allegations.

According to NBC, the Israeli embassy in Washington said it was “completely false” that the country spies on US government officials or American institutions.

“Israel does not gather intelligence on American entities, let alone US government officials,” NBC quoted the spokesperson as saying.

A White House official also reportedly dismissed the NBC report, saying the “entire story is false and sourced to someone who doesn’t have any knowledge of what’s going on”.

Al Jazeera could not independently verify the media reports and the US and Israeli responses.

Has Israel previously spied on the US?

Yes. Israel has previously been involved in espionage cases targeting the US, although such incidents have not been spoken about much given their close ties.

The most famous example is the Jonathan Pollard affair. The civilian intelligence analyst working for the US Navy was arrested in 1985 after passing large quantities of classified information to Israel. He later pleaded guilty to espionage and served 30 years in prison before being released on parole in 2015.

The Pollard case remains one of the most significant espionage scandals in the history of US-Israeli relations and continues to shape perceptions within parts of the American intelligence community.

However, espionage between close allies is not uncommon, says academic Andreas Kreig.

“Israel has a particularly long track record of conducting intelligence operations inside the United States,” the professor at the Department of Security at King’s College London told Al Jazeera.

“Over decades, Israel has sought to penetrate US policymaking circles through both formal and informal networks, including intelligence and lobbying channels, in order to gain insight into American strategic thinking and decision-making,” he added.

Nevertheless, Washington has for years provided billions in military aid and weapons sales to Israel, including throughout the ongoing Israeli genocide in Gaza.

The US Congress is also currently debating a section of a new defence bill, which would integrate the two countries’ research and development for weaponry to an unprecedented degree. The US has also provided diplomatic cover to Israel at the UN and other international bodies.

Why has Israel allegedly ramped up its espionage activities in the US?

According to academic Kreig, Israel is “deeply concerned” about the trajectory of US negotiations with Iran.

“From the Israeli perspective, the recent conflict with Iran was effectively a joint US-Israeli war, yet the United States is now in a position to shape the diplomatic endgame,” he told Al Jazeera.

“The principal Israeli concern is that Washington could agree to a deal that establishes an enduring diplomatic framework, potentially lasting years or even decades, which would constrain Israeli freedom of military manoeuvre against Iran in the future. Israeli policymakers therefore have a strong incentive to stay ahead of US deliberations and understand negotiations in real time.”

Moreover, Kreig said Israeli intelligence gathering also serves a “strategic purpose”, which is to identify “opportunities to influence, derail, or undermine negotiations if Israeli leaders judge the process to be contrary to their security interests”.

“While Israel sees the United States as its indispensable patron and closest strategic partner, it has simultaneously treated the US as a legitimate intelligence target whenever interests diverge,” he added.

“What surprises many observers is the extent to which Israel, despite being heavily dependent on American military, diplomatic and financial support, has developed the capacity to penetrate multiple layers of US policymaking and cultivate influence across key institutions involved in American statecraft.”

According to analyst and Iran expert Negar Mortazavi, Israel’s reported espionage in the current context is not new and has past precedent. Israel’s opposition to US-Iran negotiations goes back to the time of US President Barack Obama when he signed a nuclear deal with Iran in 2015, which the US under Trump withdrew from in 2018.

“The Israeli Prime Minister Netanyahu did not want any deals or serious negotiations or normalisation between Tehran and Washington, and he tried to stop it publicly and privately in any way he could,” she told Al Jazeera.

Moreover, Mortazavi said the ongoing war on Iran was “not going as planned or as promised”, and that Trump wants “to exit the war and he has to do it through diplomacy”.

“At this point it is very clear that US interests and Israeli interests are no longer overlapping, they’re divergent,” she added.

June 5 (Asia Today) — Samsung Electronics said Friday it will launch a monthlong customer appreciation campaign worth 400 billion won, or about $261 million, as part of a broader social contribution plan linked to strong performance in its semiconductor business.

The campaign, called “Together With the People, Samsung Electronics Appreciation Festival,” will begin Monday. Customers who buy Samsung Electronics products during the event will receive Onnuri gift certificates equal to 20% of the purchase price, the company said.

Onnuri gift certificates can be used like cash at traditional markets and small neighborhood businesses across South Korea. Samsung said it chose the certificates instead of direct discounts to help stimulate local economies and support small merchants.

The event is part of Samsung Electronics’ earlier pledge to expand social contributions by 5 trillion won, or about $3.26 billion, over the next five years. The company announced the plan after reaching a labor-management agreement last month, saying it would invest in “mutual growth and a healthy ecosystem” as well as “future talent development.”

Samsung said soldiers, police officers, firefighters and correctional officers, which the company refers to as “K-heroes,” will receive a 30% benefit when buying products through the Samsung Electronics Family Mall. More than 700,000 people are expected to be eligible.

Samsung Electronics has operated a separate “K-Hero Family Festa” since 2024 to provide price benefits to members of the military, police, fire services and correctional service.

“The dedication and sacrifice of K-heroes made South Korea one of the safest countries in the world, and Samsung Electronics was able to achieve strong performance and growth thanks to that,” the company said. “The program is intended to honor the devotion and hard work of the heroes around us and express our gratitude and support.”

Samsung is also reviewing additional social contribution measures, including support for partner companies, inclusive finance and artificial intelligence talent development.

The company said those plans may include strengthening the competitiveness of industrial ecosystems through supplier support, expanding financial access for vulnerable groups and small business owners and increasing university-industry cooperation to train talent in AI and other future industries.

“We will continue to think deeply about what role a company should play in our society while considering the expectations of the people,” Samsung Electronics said. “As a company that grows together with society, we will faithfully carry out our responsibilities and role.”

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260605010001833

The pontiff praises Madrid as a beacon of inclusion as about 1.2 million people gather for Sunday mass.

An oceanic crowd has filled the streets of the Spanish capital Madrid with chants, cheers and applause to greet Pope Leo XIV on the second day of a weeklong apostolic journey to mainland Spain and the Canary Islands.

The Vatican and local organisers said about 1.2 million people braved the heat to be present in the landmark Cibeles Square on Sunday in what is expected to be the largest event during his visit to the country.

Throngs of people pressed along barriers near the square – best known as the rallying point for Real Madrid football fans celebrating the club’s titles – waving flags and shouting “Long live the pope”, as Leo arrived in his white popemobile for the event. Some tossed flower petals marking his arrival.

“May Madrid continue to be a welcoming and inclusive city, where social life is inspired by true human values,” the pontiff wrote in the guestbook as he was handed the key to the city by its mayor.

Leo began his trip on Saturday, ⁠meeting migrants and the homeless and attending a vigil with about 600,000 young people in Madrid. His June 6-12 visit also includes stops in Barcelona and the Canary Islands, where he will meet migrants and refugees who ⁠risked their lives crossing there from West Africa.

He said he hoped the visit, his first to a European Union country outside Italy, ⁠⁠would set an example to the world about respecting “every ⁠⁠human being” and urged leaders to stop dividing electorates.

“I am delighted that he is praying for us migrants and for our safety,” said Andrea Margarita, a 72-year-old Peruvian who arrived in Spain six months ago, as she ‌‌waited in the crowd in a wheelchair with her daughter.

After mass, Leo was scheduled to hold a private meeting with fellow members of his Augustinian religious order in ‌‌the afternoon ‌‌before meeting figures from the world of entertainment, sport and culture at a concert venue in central Madrid.