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Jeju police bust international drug smuggling ring, arresting 12

Police on South Korea’s Jeju Island announce the arrest of 12 people accused of being part of a drug smuggling ring. Photo by Yonhap News Service/UPI

JEJU ISLAND, South Korea, Jan. 27 (UPI) — Authorities on Jeju Island have busted a drug smuggling ring, arresting 12 people accused of trying to import methamphetamine into South Korea through the popular tourist resort island.

The Jeju Provincial Police Agency’s Narcotics Crime Investigation Unit said in a statement Monday that the arrests come after a months-long investigation that began in late October after a non-Korean smuggled about 1.2 kilograms, or 2.5 pounds, of methamphetamine into Jeju in his suitcase.

Police said the alleged courier was a Chinese national in his 30s who departed an airport in Thailand on Oct. 23 for Jeju via Singapore, according to local media.

A police report from late October states that after arriving on Jeju on Oct. 24, the suspect posted an advertisement on social media for a Korean to deliver the package to the mainland.

Jeju Island is visa-free for nationals from all but 23 countries, but those entering visa-free cannot then travel to mainland Korea without proper authorization.

According to police, a Korean man in his 20s replied to the advertisement and received the bag from the suspect on Oct. 27.

Suspecting the bag to contain a bomb, the unidentified Korean citizen contacted the police, resulting in authorities seizing the bag of drugs and the arrest of the suspect at a hotel in Jeju’s northeastern coastal village of Hamdeok.

Through the investigation, Jeju police identified what they described as a “tightly structured distribution network” of drug smuggling, distribution, sale and use.

“Over a three-month period, investigators persistently tracked suspects through stakeouts and investigative trips to Seoul and other regions,” the Jeju Provincial Police Agency said Monday in a statement.

Jeju police said Monday that they have requested an Interpol Red Notice for the operation’s ringleader and smuggling coordinator.

Of the 12 people arrested, seven remain in pretrial detention, according to authorities, who identified two of the arrested as distributors of the alleged drug smuggling organization and five buyers who had received and used methamphetamine.

“Although investigators faced significant difficulties in tracking the organization’s cell-based structure — where accomplices repeatedly recruited couriers through part-time employment under the direction of overseas ringleaders — police ultimately dismantled the domestic-foreign national network through long-term surveillance and extended investigative operations,” Jeju police said.

The development comes as packages of drugs, often ketamine, have repeatedly been discovered washed ashore on Jeju since September.

On Jan. 9, the Jeju Regional Maritime Police Agency announced that the drugs that have washed ashore stem from “a large-scale drug loss incident” in waters off western Taiwan in July. Taiwanese authorities discovered about 140 kilograms, or 308 pounds, of ketamine disguised in green and silver tea bag-style packaging in its waters.

Authorities continue to investigate the criminal group responsible.

A total of 34 kilograms, or 74 pounds, of drugs have washed ashore in Jeju since September, with the last discovery of narcotics in the province occurring Dec. 9 on Udo, a small islet off eastern Jeju.

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Lives on hold for two years: Hope, fear stuck behind Gaza’s Rafah crossing | Israel-Palestine conflict News

Deir el-Balah and Khan Younis, Gaza – For the past two years, Khitam Hameed has clung to the hope of a single sliver of news that could fundamentally change the fate of her entire family.

The reopening of the Rafah crossing, shut and controlled by Israel as part of its genocidal war on Gaza in spite of a ceasefire agreement, would allow her family to travel and reunite with her husband outside Gaza.

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But for this family, the reopening is not just about freedom of movement. It represents both a chance for reunion after a long separation, and an opportunity to secure treatment for their son, whose life, schooling, and normal childhood have all been destroyed by the two-year Israel-Palestine war.

With the United States pushing a deeply intransigent Israel to progress to phase two of the ceasefire that began on October 10, the reopening of the Rafah crossing was directly tied by the far-right government to the recovery of the remains of the final Israeli captive, and only partially for pedestrian use under strict military supervision.

On Monday, the retrieval of the last Israeli captive’s body appeared to open that locked door, with thousands in urgent need of treatment or family reunification in a state of anxious anticipation.

From her family’s displacement site in the Nuseirat refugee camp near Deir el-Balah in central Gaza, Khitam, 50, a mother of six, sits trying to organise her thoughts as news circulates about Rafah.

Next to her is her 14-year-old son, Yousef, unable to walk, suffering from a rare genetic disorder called Ehlers-Danlos Syndrome (EDS), a painful condition primarily affecting his bone development, with potential cardiac complications.

“Yousef has been undergoing treatment for this syndrome since he was very young … he has had around 16 surgeries,” Khitam tells Al Jazeera.

“We got used to hospitals, but before the war, there was some monitoring and a little hope.”

Since long before October 2023, the Rafah crossing between Gaza and Egypt has been a lifeline for Palestinians, not only as a natural exit and entry point, but also as a symbol of connection with the outside world.

Before the war, the crossing was heavily used by patients seeking medical treatment, families visiting relatives abroad, and the movement of goods and supplies that helped ease Gaza’s economic pressure under Israeli blockade.

Its closure, beginning in May 2024 after Israeli forces took control, marked a dramatic turning point in the humanitarian crisis.

The shutdown affected not just the movement of people, but also significantly reduced the flow of medical aid and essential supplies, impacting thousands of patients waiting for treatment outside Gaza, including children and the wounded, amid a severe shortage of health services and medical equipment.

‘Opening the crossing shouldn’t be a miracle’

Before the war, Khitam and her family monitored Yousef’s condition regularly, and he could walk and move.

But the war halted everything. Hospitals were routinely bombed by Israel, and most ceased functioning. Medics were killed by the hundreds, medications ran out, and medical checkups became nearly impossible.

“Since the war, Yousef’s condition has deteriorated. His legs are weaker, walking is harder, he uses crutches,” Khitam pauses before continuing: “He falls often… and my heart is in my throat every time.”

The mother no longer knows the full extent of her son’s health. “I don’t know if he has heart complications, or if his spine has worsened … we are living with him with no answers.”

The war also separated the family. Weeks before the conflict erupted, Khitam’s 52-year-old husband, Hatim, had left Gaza for Egypt, as an initial step to secure a chance for the family to migrate and access advanced medical care for Yousef.

“Since then, I’ve been alone. Six children, one with a special medical condition, war, displacement, hunger,” Khitam says, her voice exhausted.

“Being displaced alone is so difficult. You don’t know where to go, how to protect your children, how to provide food or safety. The constant anxiety and fear have affected everyone, but Yousef suffers the most.”

“No school, no play, no outings, no treatment … even psychologically, he is exhausted. A child his age should be living his life, not caught between war and illness.”

But, she adds, “just the idea of travelling eases us a bit psychologically. It feels like a door might open” for treatment outside of the besieged enclave.

She still fears how the crossing will operate, even as hope keeps her going.

“Even if the crossing opens, not everyone can leave, and not every case will be approved,” she adds. “Opening the crossing shouldn’t be a miracle… it’s a right.”

Yousef’s story intersects with those of hundreds of families of sick children in Gaza, for whom Rafah is not just a crossing, but a lifeline.

‘The family started a new battle against time’

Local estimates indicate that more than 22,000 patients and injured people, including about 5,200 children, are unable to travel for treatment due to the Israeli closure, with thousands more waiting for approved medical transfers that cannot be executed.

Among them is Hur Qeshta, a newborn girl only 15 days old, born with a large, unusual tumour in her neck, affecting breathing and swallowing.

She requires urgent surgery outside Gaza, according to doctors at Nasser Hospital in Khan Younis, in southern Gaza.

Her mother, Doaa Qeshta, 32 and a mother of five, tells Al Jazeera, “From the first moment she was born, the family started a new battle against time to ensure she could urgently travel for treatment.”

Hur was delivered via Caesarean section and now lies in the Nasser Hospital neonatal ICU, on oxygen and fed via a tube from her abdomen.

“She can’t breastfeed, everything is through a tube, and the mass is growing rapidly … all within 15 days,” says her mother.

Doctors confirmed that surgery inside Gaza is currently impossible due to a lack of facilities.

Doaa links her daughter’s condition to the circumstances during her pregnancy, including displacement in a tent in al-Mawasi, exposure to nearby shelling, smoke, gunpowder, hunger, and lack of nutrition.

“I was pregnant during famine … no food, no vitamins, no safety,” she recalls. “Shelling was nearby, 300 metres (980 feet) away… the tent shook; we thought we were dead.”

“Opening the crossing means saving my daughter’s life,” she says. “I’ve registered the whole family as companions … the most important thing is Hur goes, gets treatment, and survives.”

Of the reopening of the Rafah crossing, Doaa says, “We hear news and live on hope, but we are really in a limbo… we don’t know what’s happening or when. We just pray this is true.”

‘Our lives and futures hang on a hope’

The effects of Rafah’s closure go beyond medical access, affecting an entire generation of youth whose education has been halted at a closed gate.

Among those affected is Rana Bana, a 20-year-old from the Daraj neighbourhood in Gaza City.

She graduated from high school in 2023 with a 98 percent average in the science track, with a focus on pharmacy. Within a single year, she received multiple opportunities abroad, but none materialised due to Rafah’s closure.

“In 2024, I was accepted for a scholarship in Egypt, ready to leave, but the crossing closed. A year later, I got a scholarship to Turkiye, did the online interviews, was accepted, and since then I’ve been stuck,” Rana tells Al Jazeera.

Her Turkish scholarship includes 220 students from Gaza, all from different disciplines, most with high academic grades.

Over the past two years, Rana tried not to stagnate, taking Turkish language courses and exploring alternatives like local universities. But she would hold back each time she heard news of Rafah possibly reopening.

“Every time there’s news the crossing might open, I tell myself, ‘Let me wait a bit’… but it turns out to be just talk, and my hopes are dashed,” she adds. “A lot of our time and life has been wasted waiting … our lives and futures hang on a hope.”

Rana is displaced with her family of eight. They returned briefly to northern Gaza during the first ceasefire, found their home intact, but fled again after fighting resumed, and are now settled in Deir el-Balah.

“My biggest fear is leaving and not being able to come back,” she says. “Before, they [her family] were 100 percent supportive. Now there’s fear because the travel process is unclear, and they don’t know how many will be allowed or registered to travel.”

Many Palestinians fear leaving Rafah would be a one-way ticket as part of an openly touted Israeli plan to permanently expel the population from Gaza.

“We students and youth are the most affected group during the war,” Rana says. “Our years have gone by silently, our studies destroyed by war, and no one talks about us. All we want is education — not travel for tourism or anything else.”

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Korea foreign currency deposits jump on won volatility

Resident foreign currency deposit balances by currency in December 2025. Data from Bank of Korea. Graphic by Asia Today; translated by UPI.

Jan. 26 (Asia Today) — South Korea’s resident foreign currency deposits rose sharply in December as renewed volatility in the won-dollar exchange rate prompted households and companies to park more money in dollars and other foreign currencies, central bank data showed.

Resident foreign currency deposits at local foreign exchange banks stood at $119.43 billion at the end of December, up $15.88 billion from the previous month, the Bank of Korea said.

Market participants increased foreign currency holdings as the exchange rate swung on expectations of further won weakness and repeated government and financial regulator efforts to curb sharp moves, the report said.

The won opened December near 1,470 per dollar and climbed into the 1,480 range by the end of the month before dropping below 1,450 following stronger verbal intervention by authorities. Since the start of the new year, the exchange rate has repeatedly moved higher and then retreated amid official efforts to stabilize the market.

The Bank of Korea said after its Jan. 15 policy meeting that most of the won’s recent weakness reflected external factors, with domestic factors accounting for roughly a quarter, while adding that authorities can mainly focus on smoothing short-term spikes.

Analysts said the dollar could lose some strength from prior levels, reducing the chance of a repeat of last year’s sharp surge in the exchange rate, as uncertainty rises over the U.S. interest-rate path amid growing political pressure on the Federal Reserve.

Park Sang-hyun, an analyst at iM Securities, said the dollar’s influence appears to be “temporarily weakening,” adding that inflation and employment data and political pressure could increase expectations for U.S. rate cuts.

— 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=20260126010012006

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Russia-Ukraine war: List of key events, day 1,433 | Russia-Ukraine war News

These are the key developments from day 1,433 of Russia’s war on Ukraine.

Here is where things stand on Tuesday, January 27:

Fighting

  • At least two people were injured after Russian forces launched a drone and missile attack on Kharkiv, Ukraine’s second-largest city, Mayor Ihor Terekhov said. The attack also damaged apartment buildings, a school, and a kindergarten, he added.

  • Russian drones also hit a high-rise apartment building in Ukraine’s Kryvyi Rih, President Volodymyr Zelenskyy’s hometown southeast of Kharkiv. The head of the city’s military administration, Oleksandr Vilkul, said the attack triggered a fire, but there were no immediate reports of casualties.
  • A Russian drone and missile attack on the Ukrainian capital damaged parts of the Kyiv-Pechersk Lavra, Ukraine’s most famous religious landmark and a UNESCO World Heritage Site, Ukraine’s Ministry of Culture said in a statement.
  • In Russia, one person was killed following a Ukrainian drone attack in the border region of Belgorod, Governor Vyacheslav Gladkov said on the Telegram messaging app.
  • Ukraine’s military said it struck the Slavyansk Eko oil refinery in Russia’s Krasnodar region overnight. The military said in a statement that parts of the primary oil processing facility were hit. There were no initial reports of casualties.
  • One person was injured, and two business enterprises caught fire in the city of Slavyansk-on-Kuban – also in Russia’s Krasnodar – after fragments fell from a destroyed drone, the regional emergencies centre said.

  • Russia’s Ministry of Defence said that air defence systems had intercepted and destroyed 40 Ukrainian drones overnight, including 34 in the Krasnodar region.

Military aid

  • NATO Secretary-General Mark Rutte said Ukraine’s interception rate of Russian missiles and drones has decreased due to Kyiv having fewer weapons to protect it from incoming attacks. Rutte urged allies to dig into their stockpiles to help defend Ukraine.

Humanitarian aid

  • Czechs have collected more than $6m in just five days in a grassroots fundraising effort to buy generators, heaters and batteries to send to Ukraine, where hundreds of thousands of people are freezing in sub-zero temperatures after Russian attacks on power plants, the online fundraising initiative Darek pro Putina (“Gift for Putin”) said.

Ceasefire talks

  • Talks between Ukrainian and Russian negotiators are expected to resume on February 1, Zelenskyy said in his regular evening address. He urged Ukraine’s allies not to weaken their pressure on Moscow in advance of the expected talks.

  • In a separate post on X, Zelenskyy said military issues were the primary topic of discussion at trilateral talks with the US and Russia over the weekend in Abu Dhabi, but that political issues were also discussed. He added that preparations are under way for new trilateral meetings.

  • The US-brokered trilateral talks in Abu Dhabi between Russian and Ukrainian negotiators were held in a “constructive spirit”, but there was still “significant work ahead”, Kremlin spokesman Dmitry Peskov told journalists in Moscow. The talks should be viewed positively despite these differences, he added.
  • The Kremlin also said that the issue of territory remained fundamental to Russia when it came to getting a deal to end the fighting, the Russian state’s TASS news agency reported. Moscow has insisted that for the war to end, Russia must take over all of Ukraine’s eastern Donbas region.

  • German Federal Minister for Foreign Affairs Johann Wadephul denounced Russia’s “stubborn insistence on the crucial territorial issue” following the talks in Abu Dhabi.

Politics

  • European Union countries have approved a ban on Russian gas imports by late 2027, a move to cut ties with their former top energy supplier nearly four years after Moscow’s full-scale invasion of Ukraine.
  • Ukrainian Minister of Energy Denys Shmyhal welcomed the ban, saying in a statement that independence from Russian energy “is, above all, about a safe and strong Europe”.
  • Germany’s Wadephul said that Russia is testing European countries’ resilience with hybrid tactics, such as the damaging of undersea cables, the jamming of GPS signals and the deployment of a shadow fleet of vessels to break sanctions, as its deadly war in Ukraine continues.
  • Hungarian Prime Minister Viktor Orban said that Budapest would summon Ukraine’s ambassador over what Orban said were attempts by Kyiv to interfere in a Hungarian parliamentary election due on April 12. In recent weeks, Orban has intensified his anti-Ukrainian rhetoric and sought to link opposition leader, Peter Magyar, with Brussels and Ukraine.

TOPSHOT - Pedestrians walk past an amputee begging for alms at a metro station during an air raid alert in Kyiv on January 26, 2026, amid the Russian invasion of Ukraine. (Photo by Sergei GAPON / AFP)
Pedestrians walk past a person with an amputated leg begging at a metro station during an air raid alert in the Ukrainian capital, Kyiv, on Monday [Sergei Gapon/AFP]

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Treasury Department drops Booz Allen Hamilton contracts

Jan. 26 (UPI) — Treasury Secretary Scott Bessent announced Monday that the department canceled all contracts with consulting firm Booz Allen Hamilton because of a data leak that included President Donald Trump‘s tax returns.

The department has 31 contracts with Booz Allen for a total of $4.8 million in annual spending and $21 million in total obligations, a press release said.

“President Trump has entrusted his cabinet to root out waste, fraud, and abuse, and canceling these contracts is an essential step to increasing Americans’ trust in government,” Bessent said in a statement.

Between 2018 and 2020, a Booz Allen employee, Charles Edward Littlejohn, “stole and leaked the confidential tax returns and return information of hundreds of thousands of taxpayers.”

The breach affected about 406,000 taxpayers, including Trump, Amazon founder Jeff Bezos and Tesla CEO Elon Musk.

“Booz Allen failed to implement adequate safeguards to protect sensitive data, including the confidential taxpayer information it had access to through its contracts with the Internal Revenue Service,” Bessent said.

Littlejohn pleaded guilty in October 2023 to one charge of disclosure of tax return information and was sentenced to five years in prison. He admitted to leaking Trump’s tax information to The New York Times and leaking other tax information to ProPublica.

Booz Allen’s stock price dipped by 8% on the news, CNBC reported.

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Costa Rica wraps up election campaign as ruling party leads polls

Laura Fernández Delgado, candidate of the ruling Partido Pueblo Soberano, is leading in polls one week out from Costa Rica’s elections. File Photo by Jeffrey Arguedas/EPA

Jan. 26 (UPI) — With one week to go before presidential elections scheduled for Sunday, Feb. 1, Costa Rica closed its campaign season amid a polarized political climate and with the ruling party leading most opinion polls.

In recent weeks, multiple surveys have shown Laura Fernández Delgado, candidate of the ruling Partido Pueblo Soberano, holding first place with support levels close to 40%. That figure would be enough for the former cabinet minister to secure a first-round victory.

However, polls also point to high voter indecision, estimated at around 45%, in a context marked by political fragmentation and an unusually large field of candidates, local newspaper El Observador reported.

A recent survey by the Centro de Investigación y Estudios Políticos (CIEP) of the Universidad de Costa Rica places Fernández at 30% support, still well ahead of the remaining 19 candidates competing for the presidency.

Second place is held by Álvaro Ramos of the Partido Liberación Nacional, who polls below 8%. Most other candidates register less than 2.3% support.

Fernández, 39, has campaigned on a continuity platform, seeking to capitalize on the popularity of President Rodrigo Chaves, who is expected to leave office with approval ratings near 60%. His support has been driven in part by a confrontational style and rhetoric against traditional politics and established elites.

Chaves, who is constitutionally barred from seeking re-election, has governed amid persistent political tension and frequent institutional clashes. His administration has been characterized by sharp rhetoric, public disputes with other branches of government and a governing style that emphasizes direct communication and political confrontation.

The elections follow a dispute with the Tribunal Supremo Electoral, which in October 2025 asked the Legislative Assembly to lift the president’s immunity to investigate alleged violations of electoral rules, including his participation in campaign activities.

Public security has emerged as one of the dominant themes throughout the campaign, reflecting growing concern among voters over rising violent crime and the expanding influence of organized crime in several regions of the country, according to daily La Nación.

During debates organized by media outlets and universities, candidates broadly agreed that addressing insecurity requires more than law enforcement alone. Proposals have emphasized criminal intelligence, increased police presence, improved coordination among state institutions and the recovery of territories affected by organized crime.

According to CIEP, two out of three Costa Ricans believe the country’s security situation is worse than a year ago. Long viewed as one of Central America’s safest nations, Costa Rica is facing an unprecedented security crisis.

Organized crime, fueled largely by drug trafficking, has expanded its presence in neighborhoods in southern San Jose, as well as in the provinces of Limón and Puntarenas. In 2024, Costa Rica recorded a homicide rate of 16.6 per 100,000 inhabitants, ranking eighth highest in Latin America, surpassing Guatemala and approaching levels reported in Mexico.

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Lula, Trump discuss ‘Board of Peace’, agree to meet in Washington: Brazil | Donald Trump News

Brazil’s President Lula criticises US actions in Venezuela, calling the capture of Maduro an unacceptable line against regional stability.

‍Brazilian ‍President Luiz Inacio Lula da Silva has held a ⁠phone call ​with his US ‍counterpart Donald Trump and agreed ‍to ⁠visit Washington soon, the Brazilian government said in a statement.

The two leaders on Monday discussed several issues during the 50-minute call, including the situation in Venezuela, Trump’s proposed “Board of Peace” for Gaza, and the fight against organised crime.

“Lula and Trump ​exchanged ‌views on the situation in Venezuela, and the ‌Brazilian president stressed ‌the importance of ⁠preserving peace and stability in the region,” ‌the statement said.

Regarding Venezuela, the Brazilian president stressed the importance of “preserving peace and stability in the region”, the statement said.

Lula has criticised the ‍US abduction of ⁠Venezuelan President Nicolas Maduro, who was deposed earlier this month and taken to New York to face drug-trafficking charges. The Brazilian president had condemned the move as crossing “an unacceptable line”.

Lula emphasised to Trump on Monday the need to work for the welfare of ​the Venezuelan people.

The Brazilian government’s statement did not say whether Lula accepted Trump’s ‍invitation to join the initiative.

Board of Peace

Lula also ‌requested that Trump’s new proposal for a Board of Peace “be limited to the issue of Gaza and include a seat for Palestine”, as global powers worry the initiative launched last ‌Thursday could assume a wider role and rival the United Nations.

Lula also urged the “comprehensive reform of the United Nations, including the expansion of the permanent members of the Security Council”.

On Friday, Lula, 80, accused Trump, 79, of trying to create “a new UN where only he is the owner”, with his proposed “Board of Peace” following the October 10 ceasefire in the Israel-Palestine war.

Although originally intended to oversee Gaza’s rebuilding, the board’s charter does not appear to limit its role to the Palestinian territory and seems to aim to rival the United Nations.

Traditional US allies, including France and Britain, have also expressed doubts.

‘Unacceptable line’

Lula and Trump have been in contact several times since their first official meeting in October, which ushered in improved ties after months of animosity between Washington and Brasilia.

As a result, Trump’s administration has exempted key Brazilian exports from 40 percent tariffs that had been imposed on Brazil, and lifted sanctions on a top Brazilian judge.

Earlier this month, Lula said the US attack on Venezuela to abduct President Maduro crossed “an unacceptable line”.

The presidency said the visit would take place after Lula’s trips to India and South Korea in February, and that a date would be set “soon”.

The veteran leftist Lula has held phone calls in recent days with Russian President Vladimir Putin and Chinese President Xi Jinping.

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Commerce Department takes equity stake in USA Rare Earth

Jan. 26 (UPI) — Critical minerals startup USA Rare Earth announced Monday that the Department of Commerce will give the company a $1.3 billion loan and $277 million in federal funding.

USA Rare Earth will issue Commerce 16.1 million shares of common stock and 17.6 million in warrants. The federal government will have an 8% to 16% stake in the company, depending on whether it uses the warrants, a filing with the Securities and Exchange Commission said.

USA Rare Earth shares rose more than 20% Monday after the announcement, CNBC reported.

The injection of funds will help the company build a magnet manufacturing plant in Stillwater, Okla., and a mine at the Round Top mineral deposit in Sierra Blanca, Texas.

CEO Barbara Humpton said the government deal will turn USA Rare Earth into an industry leader.

“This is a watershed moment in our work to secure and grow a resilient and independent rare earth value chain based in this country,” CNBC reported that Humpton told analysts Monday.

“We have long said that meeting the urgent call to reassure the rare earth and critical minerals industry will require a multiplayer solution, and this establishes our company as one of the leaders,” she said.

Commerce will allocate the funding from 2026 through 2028 based on milestones in USA Rare Earth’s business plan, Chief Financial Officer Rob Steele told analysts.

The company needs about $4.1 billion for its plan, he said. It still needs to raise about $600 million more capital.

“We believe we can raise the remaining capital from attractive sources, and you should assume that’s equity capital but that can come from strategic investments as well as institutional investors,” Steele said.

China dominates the global supply chain of rare earth materials. During trade disputes with President Donald Trump, Beijing tried to cut off rare earth exports.

“USA Rare Earth’s heavy critical minerals project is essential to restoring U.S. critical mineral independence,” Commerce Secretary Howard Lutnick said in a statement. “This investment ensures our supply chains are resilient and no longer reliant on foreign nations.”

“The Department of Energy is ending America’s reliance on foreign nations for the critical materials essential to our economy and national security,” said U.S. Energy Secretary Chris Wright in a statement. “The DOE is partnering with USAR to rebuild the critical minerals supply chain. By expanding domestic mining, processing and manufacturing capabilities, we are creating good-paying American jobs and safeguarding our national security.”

“Accelerating the onshoring of rare earth minerals, metals, and magnets is paramount to national and economic security,” U.S. Investment Accelerator Executive Director Michael Grimes said in a statement. “With the Department of Commerce’s funding for USA Rare Earth’s vertically integrated mine-to-magnet operations, we will significantly increase the domestic supply of crucial components for semiconductors, defense and numerous other industries strategic to the United States.”

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Canadian PM Carney unveils multibillion-dollar push to lower food costs | Inflation News

Carney has been under pressure from the opposition to lower prices of food and other essentials for lower-income people.

Canadian Prime Minister Mark Carney has announced a multibillion-dollar package as part of a series of measures aimed at lowering the costs of food and other essentials for low-income families.

On Monday, Carney announced a five-year 25 percent boost to the Goods and Services Tax (GST) credit that starts this year.

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The GST credit, which is being renamed the Canada Groceries and Essentials Benefit, will provide additional, significant support for more than 12 million Canadians, Carney said in a statement.

The government will also provide a one-time top-up equivalent to a 50 percent increase this year to eligible residents.

“We’re bringing in new measures to lower costs and make sure Canadians have the support they need now,” Carney said.

The measures would cost the government 3.1 billion Canadian dollars ($2.26bn) in the first year and between 1.3 billion Canadian dollars ($950m) and 1.8 billion Canadian dollars ($1.3bn) in each of the following four years, he told reporters at a news conference, according to the Reuters news agency.

While overall consumer price inflation in Canada has eased and came in at 2.4 percent for December, “food price inflation remains high due to global and domestic factors, including supply chain disruptions, higher US tariffs from the trade war and climate change/extreme weather”, Tony Stillo, director of Canada Economics at Oxford Economics, told Al Jazeera.

The government is also setting aside 500 million Canadian dollars ($365m) from the Strategic Response Fund to help businesses address the costs of supply chain disruptions without passing those costs on to Canadians, and will create a 150 million Canadian dollar ($110m) Food Security Fund under the existing Regional Tariff Response Initiative for small and medium enterprises and the organisations that support them.

Changing landscape

“The global landscape is rapidly changing, leaving economies, businesses, and workers under a cloud of uncertainty. In response, Canada’s new government is focused on what we can control: building a stronger economy to make life more affordable for Canadians,” Carney said.

The new measures were unveiled on the day Parliament resumes after its winter break.

Opposition parties have urged Carney to reduce prices of daily goods, especially as sections of the economy have come under pressure from United States President Donald Trump, who has slapped 35 percent tariffs on the country as well as separate tariffs on steel, aluminium and lumber, leading to job losses in those sectors.

Over the weekend, Trump escalated his threats and said he would impose a 100 percent tariff on Canada if it makes a trade deal with China. Carney has been working on diversifying Canada’s exports away from the US, its biggest trading partner and to which nearly 80 percent of its exports went last year, including by increasing business with other markets like China.

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Japan says goodbye to its last 2 giant pandas

Visitors watch giant panda Xiao Xiao at Ueno Zoological Gardens in Tokyo in November. Xiao Xiao and his twin sister Lei Lei will return to China on Tuesday, leaving Japan with no pandas. File Photo by Franck Robichon/EPA

Jan. 26 (UPI) — People flocked to the Ueno Zoo in Tokyo to say goodbye to the last two giant pandas in Japan.

Twin pandas Xiao Xiao and Lei Lei will leave for China Tuesday, marking the first time Japan has had no pandas since 1972, which is when the two countries began diplomatic relations.

The relationship between the two neighboring countries has deteriorated lately after Japanese Prime Minister Sanae Takaichi said Japan would get involved if China attacked Taiwan.

China uses the giant panda as a tool of outreach and goodwill in what is called “panda diplomacy.” Host countries pay about $1 million per year to China.

Zoo visitors needed a reservation to see the pandas on Sunday, with 4,400 slots available, and 108,000 applying for them online, the Tokyo metropolitan government said. Some waited for up to 3 ½ hours to see the pair.

“I have been bringing my son here since he was a baby, so I hope it becomes a good memory for him. I’m glad we could come today to remember them,” Ai Shirakawa told the BBC.

The two were born in Japan in 2021 to their mother Shin Shin and father Ri Ri, who were on loan to Japan for breeding research. Ri Ri and Shin Shin went back to China in September 2024. The siblings’ older sister Xiang Xiang left in February 2023.

Xiao Xiao and Lei Lei became the last pandas in Japan after four others at the Adventure World amusement park in Shirahama, Wakayama Prefecture, left for China in June.

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As US ‘armada’ approaches, Iran warns of dire consequences if attacked | Protests News

Tehran, Iran – Iranian authorities continue to warn of serious ramifications in case of military strikes by the United States, as more people are being arrested in connection with deadly protests amid a lingering internet blackout.

Tehran’s municipality on Sunday unveiled a giant billboard at the Enghelab (Revolution) Square in the capital’s central area, in an apparent warning to the deployment of the USS Abraham Lincoln supercarrier and supporting warplanes near Iranian waters.

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The image showed a bird’s-eye view of an aircraft carrier with destroyed fighter jets on the deck and blood running in the water to form the US flag.

“If you sow the wind, you will reap the whirlwind,” read an accompanying message in Farsi and English.

Top military figures on Monday reiterated Iran’s readiness to engage in another war with Israel and the US in the case of an attack similar to last year’s 12-day conflict, while the Foreign Ministry promised a “comprehensive and regret-inducing response”.

Speaking to reporters during a news conference, ministry spokesman Esmaeil Baghaei also warned “the resulting insecurity will undoubtedly affect everyone” amid reports regional actors have been directly appealing to US President Donald Trump, who on Thursday said a US “armada” is heading towards the Gulf.

As the European Union ponders listing the Islamic Revolutionary Guard Corps (IRGC) as a “terrorist” organisation following a vote in the European Parliament, Baghaei said Tehran believes “more prudent European countries should be careful not to fall into the trap of the devilish temptations of non-European parties toward such an action”.

The Iranian establishment’s remaining allies in the so-called “axis of resistance”, who took no action during June’s war, have also signalled that they may this time attack US and Israeli interests if conflict breaks out.

Abu Hussein al-Hamidawi, the chief of the Iran-backed Kataib Hezbollah in Iraq, issued a fiery statement on Monday warning of “total war” in case of US aggression. Hezbollah’s Naim Qassem has repeatedly heaped praise on Iran’s Supreme Leader Ayatollah Ali Khamenei, including during a speech on Monday.

The Houthis in Yemen also released a video on Monday that showed US warships and previously attacked commercial vessels, indicating that they could once again become targets despite a Gaza ceasefire deal that stopped the attacks.

More protest-linked arrests reported

Meanwhile, judicial and intelligence authorities continue to report action against “rioters” as the Iranian establishment blames “terrorists” working in line with the interests of the US and Israel during the nationwide protests that started in late December.

Mohammadreza Rahmani, the head of the police authority in the northern province of Gilan, announced 99 new arrests in a statement on Sunday.

He alleged that those arrested were engaged in destroying public property or acted as “leaders” of unrest both on the streets and on social media.

State media said a person “who incited people, especially the youth”, in online posts to participate in protests was arrested in Bandar Anzali, also in the north.

The US-based Human Rights Activists News Agency (HRANA), which says it has confirmed 5,848 deaths during the protests, reported on Monday that at least 41,283 people have also been arrested across the country.

Iranian authorities have not announced any official arrest numbers, but said last week that at least 3,117 people were killed during the protests, including 2,427 described as “innocent” protesters or security forces.

Al Jazeera cannot independently verify these figures.

An Internet Error is displayed on Samaneh's Laptop as she tries to connect to the internet to check on her visa status for her migration process, after a nationwide internet shutdown since January 8, 2026, following Iran's protests, in Tehran, Iran, January 25, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY
An ‘internet error’ message is displayed on an Iranian woman’s laptop as she tries to connect to the internet to check on her visa status, after a nationwide internet shutdown since January 8, 2026, following Iran’s protests, in Tehran, Iran, January 25, 2026 [Majid Asgaripour/WANA (West Asia News Agency) via Reuters]

Speaking during a meeting with top judiciary officials on Monday, Chief Justice Gholam-Hossein Mohseni-Ejei reiterated his promise that “no mercy” will be shown when prosecuting protest-related cases.

He also expressed dismay at any calls for negotiations with the US amid what he called “an all-out war and economic blockade” against Iran.

“Some people portray all avenues for confronting the enemy’s aggression and coercion as blocked and repeatedly prescribe negotiation with a treacherous enemy,” he said.

Monitored internet access for businesspeople

Iranians across the country remain afflicted by an unprecedented total internet shutdown that has now lasted nearly three weeks.

A limited number of users have been able to tunnel out using proxies and virtual private networks (VPNs), but the authorities continue to block any proxies offering access to the outside world.

As with previous protests, internet access can only be restored through permission by the Supreme National Security Council, but the council has provided no timeline for reconnecting Iran’s 90-million-strong population.

In the meantime, the state appears to be gearing up to implement its longtime plans to enforce a so-called “tiered internet” that would only allow access to a limited number of permitted individuals and entities.

This week in Tehran, the authorities set up a small office to allow businesspeople who have identification from the Iran Chamber of Commerce to gain limited access to the internet.

Before being allowed to use the internet for a few minutes, they had to sign a form that committed them to use the connection for “business purposes” only, and emphasised they would be legally prosecuted if they “misuse” the opportunity.

A similar small office has also been opened for journalists by the Culture Ministry.

The rest of the population only has access to a local intranet designed to offer some basic services during state-imposed internet blackouts, but even that connection is slow and patchy.

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Mexican influencer reappears in church after four days kidnapped in Culiacán

The Mexican content creator Nicole Pardo Medina, known online as “La Nicholette,” reappeared publicly over the weekend at a church in Culiacán. File Photo by Ulises Ruiz Basurto/EPA

Jan. 26 (UPI) — The Mexican content creator Nicole Pardo Medina, known online as “La Nicholette,” reappeared publicly over the weekend at a church in Culiacán, one day after state authorities confirmed she had been found alive following four days in captivity.

Visibly emotional, Pardo Medina addressed a religious service held in a church in El Salado, a rural area of Culiacán, where she thanked attendees for their support during her disappearance. Videos shared on social media on Sunday show the influencer speaking through tears.

“Thank you to everyone for keeping me in your prayers, for every candle you lit, and for not losing faith,” she said, according to the recordings.

Pardo Medina was reported kidnapped on the afternoon of Jan. 20 in a residential area of Culiacán, the capital of the northwestern Mexican state of Sinaloa. The case quickly drew widespread attention after footage from the security camera of her vehicle circulated online, showing armed men forcing her into another car.

On Jan. 24, the Fiscalía General del Estado de Sinaloa confirmed that the influencer had been located alive. Authorities did not disclose details about the circumstances of her release, identify possible suspects, or provide information about her medical condition. They also did not indicate whether a specific line of investigation has been established.

Unconfirmed reports from local media suggested that Pardo Medina returned to her home in the El Salado area by taxi. That information has not been corroborated by officials.

During the days she remained missing, another video circulated on social media in which the influencer reads a statement accusing a criminal group known as “La Mayiza,” also referred to as “Los Mayos,” a faction linked to the Sinaloa Cartel, of pressuring individuals like her to participate in criminal activities tied to organized crime. In the same video, she alleges being forced to hand over money to state patrols on behalf of a figure identified as “El Mayito Flaco,” among other claims.

Culiacán is considered one of the cities most affected by violence linked to organized crime in Mexico, amid internal disputes between trafficking groups. In recent months, those conflicts have fueled a rise in homicides, kidnappings and disappearances, according to official figures and security analysts.

State authorities have said the investigation remains ongoing but have released no further details.

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ICC: Rodrigo Duterte fit for pre-trial hearings

Relatives of victims of alleged extra-judicial killings during the war on drugs campaign of former Philippine President Rodrigo Duterte hold signs after watching a broadcast of an International Criminal Court Appeals Chamber hearing, in Quezon City, Manila, Philippines, in November. The ICC ruled Monday that Duterte is fit for pre-trial hearings. File Photo by Rolex Dela Pena/EPA

Jan. 26 (UPI) — The International Criminal Court ruled Monday that former Philippine President Rodrigo Roa Duterte is fit to take part in pre-trial court proceedings and scheduled a hearing for Feb. 23.

Duterte’s defense team asked for an indefinite adjournment of the case because of his health, alleging that he wouldn’t be able to participate in his defense. The court had a panel of three medical experts to examine him. The panel sent a report on Dec. 5 with its observations, and the court said it was satisfied that Duterte was fit for pre-trial proceedings.

The Feb. 23 hearings will decide if there is enough evidence to charge Duterte. If the court decides the charges are valid, it will transfer the case to the trial phase.

Duterte, 80, is facing charges of crimes against humanity for alleged extra-judicial killings of suspected drug dealers and users in the Philippines.

In March 2025, Duterte was arrested in Manila on the ICC’s warrant after the ICC began a formal investigation in September 2021. In October, the court denied his release because he was deemed a flight risk and said he must remain jailed in the Netherlands. The national police in the Philippines say Duterte killed about 6,000 people in his war on drugs, but human rights groups say he killed 30,000.

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France weighs banning children under 15 from social media

Jan. 26 (UPI) — French President Emmanuel Macron wants children under the age of 15 off of social media by the start of the next school year and lawmakers are ready to consider it on Monday.

Parliament member Laure Miller will bring a bill to the table on Monday that would bar children under 15 from using social media. The bill would also ban smartphones from all high schools.

Miller headed the parliamentary committee that investigated the psychological effects of social media on children last year. The committee determined that exposure to social media can have an affect on mental health.

Macron has asked lawmakers to move quickly on the bill, hoping to see it in effect by the start of the next school year.

“Our children and teens’ brains are not for sale,” Macron said in a video statement. “Our children and teens’ emotions are not for sale or to be manipulated. Not by American platforms or Chinese algorithms.”

If the law passes, France would join Australia in restricting children’s access to social media. Australia enacted a social media ban for children under 16 years old in December.

Similar measures are being discussed throughout Europe.

Under France’s proposed law, its media regulators would draft a list of social media platforms to be banned outright for children under the age of 15. These would be the platforms that regulators consider the most harmful to the mental and emotional health of children.

Regulators would draft a second list of platforms that they consider less harmful. These sites would be accessible with the permission of a parent.

The bill’s first test is in parliament, which must approve the text. If the text passes, it will move to the Senate chamber in February.

France mulled a similar social media ban in 2023 but the courts ruled it did not comply with the laws of the European Union, specifically the Digital Services Act.

The guidelines of the Digital Services Act were loosened last year, giving governments more leeway to set age limits for social media use.

Picketers hold signs outside at the entrance to Mount Sinai Hospital on Monday in New York City. Nearly 15,000 nurses across New York City are now on strike after no agreement was reached ahead of the deadline for contract negotiations. It is the largest nurses’ strike in NYC’s history. The hospital locations impacted by the strike include Mount Sinai Hospital, Mount Sinai Morningside, Mount Sinai West, Montefiore Hospital and New York Presbyterian Hospital. Photo by John Angelillo/UPI | License Photo

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Home Plus desperate for emergency operating funds

The head office of Home Plus in Seoul. The troubled discount chain has asked for
emergency operating funds from its shareholder and creditor. Photo courtesy of Home Plus

SEOUL, Jan. 26 (UPI) — South Korea’s cash-strapped discount chain Home Plus said Monday that it was waiting for an infusion of $210 million emergency operating funds from its stakeholders and state-run Korea Development Bank.

The retailer requested its shareholder, MBK Partners, creditor Meritz Financial Group, and KDB each to provide $70 million to help the company stay afloat while it searches for a new owner.

MBK Partners has pledged to offer its share of the funding, but Meritz and KDB have yet to disclose their positions, according to Home Plus.

Speaking at a National Assembly meeting last Wednesday, Home Plus CEO Joh Joo-yun said that the company is in a grave situation.

“Deliveries to Home Plus stores have plunged to about half their previous levels,” she said. “If emergency funding is not secured within January, we may be unable to pay employee wages or even settle payments for merchandise.”

Under such circumstances, Joh worried that it might be impossible to achieve a turnaround.

Meanwhile, the Seoul Central District Court earlier this month rejected prosecutors’ requests for arrest warrants for MBK Partners Chairman Michael Byungjoo Kim and other executives from the private equity fund and its portfolio company Home Plus.

Prosecutors sought to detain them in connection with asset-backed bonds issued by Home Plus in February, shortly before the firm filed for court receivership in early March.

They argued that such conduct may have exposed investors to potential losses, constituting fraud and violations of the relevant laws.

However, the court stressed the need to ensure that the suspects have sufficient opportunity to defend themselves without being held in custody.

In 2015, MBK took over Home Plus from Tesco in a deal valued at roughly $5 billion. In recent years, the retailer has faced mounting difficulties due to the fallout from the COVID-19 pandemic and intensifying competition from e-commerce rivals.

Against this backdrop, Home Plus has sought to find a new buyer, but such efforts have so far made little progress.

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No clear plan to replace aging, but vital, Navy ‘test ship,’ GAO says

The Navy’s Self Defense Test Ship, formerly known as the USS Paul F. Foster, is shown returning to its home port at Port Hueneme, Calif., on June 12 following 14 months of repairs. Watchdogs say the Navy hasn’t developed a clear way to replace the aging vessel, which is used to test self-defense systems for warfighting ships. Photo by Dana Rene White/U.S. Navy

ST. PAUL, Minn., Jan. 26 (UPI) — A aging, decommissioned destroyer that plays a little-known, but vital, role in maintaining the self-defense systems of Navy warfighting ships is on its last legs, but there’s no clear plan to replace it, government watchdogs say.

The Government Accountability Office reported last week that the 564-foot Self-Defense Test Ship, which before being decommissioned in 2003 was a Spruance-class destroyer known as the USS Paul F. Foster, is aging quickly and is beset by problems

That could compromise its one-of-a-kind role as a vessel fitted to undergo missile attacks as a way to test the Navy’s shipboard self-defense systems.

The unique vessel is equipped with the SSDS Mk 2, the command-and-control system aboard the Navy’s amphibious ships and aircraft carriers, which can be operated by remote control without any crew onboard as a safety precaution as it faces incoming missiles.

The insights it provided about the effectiveness of shipboard self-defense systems were used extensively by the Navy to address the needs of the Gerald R. Ford-class aircraft carrier and the DDG 1000 Zumwalt class destroyer in the last decade, and the test ship is expected to continue to carry out more vital tests over the next few years.

But even after extensive upgrades in 2024 and 2025, the ship is on its last legs and could become inoperable at any time, the GAO warned, leaving the Navy without a clear plan for some way to replace its functionality quickly.

“The Self-Defense Test Ship is critical to the Navy’s ability to test and understand how ship self-defense systems will behave as missiles approach a ship,” said Shelby Oakley, director of contracting and national security acquisitions for the GAO and lead author of last week’s report.

He told UPI there’s a risk of a gap in U.S. testing and training capabilities if the test ship goes out of commission with no replacement immediately available — which could have dire repercussions as U.S. naval forces confront missile-wielding foes such as Yemen’s Houthi rebels in the Red Sea.

“Due to the speed of incoming missiles, the systems must function with precision. Without a test ship, the Navy is reliant on computer modeling to evaluate operational performance of self-defense systems at close range,” he said.

“Thus, without a test ship, the Navy would have less confidence that the systems will protect the ship from incoming fire, which could result in disastrous consequences in the heat of battle.”

The risk of having a gap in such test capability is amplified “when considering the steady advances in the weapons available to potential U.S. adversaries,” Oakley added.

The vessel underwent 14 months of repairs at Naval Base San Diego beginning in April 2024, after which it returned to its home base at Port Hueneme, Calif.

While it was out of commission, technicians examined and mended fuel tanks, the firefighting system, the fire main pipe and sea water service valves, according to the Naval Sea Systems Command.

Its superstructure was also inspected for corrosion and its deck was restored.

But Navy officials told the GAO during the lay-up period that regardless of any further maintenance it may receive in the next few years, “continuing to effectively operate it to the end of the decade will be a challenge based on its poor condition.”

The issue has come up as the Navy is struggling to achieve the goals of the Trump administration and bipartisan majorities in Congress to grow the size of the fleet.

The service has failed to consistently produce new ships at the scale, speed and cost demanded by the government due to “a series of interwoven, systemic issues,” such as ever-shifting specifications by military officials and the inability of defense contractors to find a stable and adequate workforce, according to a December report by the Center for Strategic and International Studies.

Amid those challenges, a concrete plan to replace the self-defense test ship remains elusive. The Navy explored several options to do so in the decade between 2013 and 2023, including extending the service life of the current vessel, replacing it with commercial ships or decommissioning and converting another destroyer.

The last option appeared to become less feasible when Secretary of the Navy John Phelan extended the service lives of the five DDG 51 class destroyers that were identified as potential replacements.

A request for comment by UPI to the secretary’s office was not returned. But in a brief written response included in the GAO report, officials of the Navy’s Operational Test and Evaluation Force, or OPTEVFOR, concurred that a new test ship is needed and that a “capability gap” may be created due to the lengthened decommissioning schedule of the DDG 51 class destroyers.

They also confirmed the test ship is scheduled to be retired after a new round of testing for the SSDS Mk 2 system slated to begin in fiscal year 2027.

While the vessel can still be used, its down time due to maintenance needs are increasing and it’s becoming increasingly hard for the Navy to plan around them, said defense analyst Christine Cook, a senior fellow at the bipartisan Center for Strategic and International Studies in Washington.

“The age and condition of the ship means that it would be useful for the Navy to develop a plan and make investments in a new one,” she told UPI. “However, the question is always, what will the Navy not be able to do with the funds spent on a new test ship?

“Recommendations on gaps don’t always ask this question, but it is one that Navy programmers have to grapple with,” she said. “A delay in developing a plan for a replacement ship does not mean that the test ship is not available — but it does create some level of future risk.”

The Navy’s larger shipbuilding challenges are indirectly affecting the situation because the sluggish pace of new production is forcing its leaders to keep existing vessels in service longer, Cook added.

“If the Navy wants to keep ships operational longer because shipbuilding constraints mean that it can’t access sufficient new builds, then there may not be a ship available for retrofitting,” she said.

“The goal of growing the size of the Navy may require delaying ship retirements, which also means that the fleet needs more maintenance, competing with the ability to maintain the test ship.”

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Gold prices cross $5,100 for the first time amid geopolitical uncertainties | Business and Economy News

Spot gold price touches an all-time high of $5,110.50 for an ounce in the first hours of the day.

Gold prices have surged to a record high of more than $5,100 an ounce, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical uncertainties.

Spot gold was up 2.2 percent at $5,089.78 per ounce by 06:56 GMT on Monday, after earlier touching an all-time high of $5,110.50.

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US gold futures GCcv1 for February delivery also gained the same amount to $5,086.30 per ounce.

The metal soared 64 percent in 2025, its biggest annual gain since 1979, driven by safe-haven demand, US monetary policy easing, robust central bank purchases, including China’s 14th straight month of buying in December, and record inflows into exchange-traded funds.

Prices have set consecutive record peaks over the past week and have already risen more than 18 percent this year.

Global trade disruptions

The continued rise in gold prices comes as the trade war, the most disruptive since the 1930s, unleashed by US President Donald Trump, has upended supply chains and raised business costs. Since taking office last January, the Trump administration has imposed tariffs on rivals and allies alike.

Most countries are reeling from the high tariff, in some cases up to 50 percent, as Trump has boasted tariffs have increased the tax revenue for the government.

Trump has also been accused of weaponising tariffs for geopolitical gains. He stepped back on Wednesday from threats to impose tariffs on European allies as leverage to take over Greenland, which he says is critical for US security.

Over the weekend, he said he would impose a 100 percent tariff on Canada, which boosted trade ties with China.

He has also threatened to hit French wines and champagnes with 200 percent tariffs in an apparent effort to pressure French President Emmanuel Macron into joining his Board of Peace initiative for Gaza.

Meanwhile, a rising yen dragged the dollar broadly lower on Monday, with markets on alert for possible intervention in the Japanese currency and investors cutting dollar positions in advance of this week’s Federal Reserve meeting.

A weaker dollar makes greenback-priced gold more affordable for holders of other currencies.

Silver climbed above the $100 an ounce mark for the first time on Friday, building on its 147 percent rise last year as retail-investor flows and momentum-driven buying compounded a prolonged spell of tightness in physical markets for the metal.

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Ex-PM Han, special counsel appeal 23-yr prison sentence in insurrection case

Former Prime Minister Han Duck-soo, seen arriving at Seoul Central District Court on Jan. 21, on Monday appealed a court ruling sentencing him to 23 years in prison on insurrection charges for his role in former President Yoon Suk Yeol’s imposition of martial law. Photo by Yonhap

Former Prime Minister Han Duck-soo and a special counsel team on Monday both appealed against a court ruling sentencing him to 23 years in prison for playing a key role in an insurrection over former President Yoon Suk Yeol’s brief imposition of martial law.

Last Wednesday, the Seoul Central District Court handed down the sentence, making Han the first member of Yoon’s Cabinet to be convicted in connection to the former president’s declaration of martial law on Dec. 3, 2024.

Han’s legal team submitted the appeal earlier Monday, while special counsel Cho Eun-suk’s team also filed an appeal to challenge not-guilty verdicts on some charges in the ruling, including allegations that Han delayed a Cabinet meeting convened to lift the decree.

In last week’s ruling, the court confirmed for the first time that Yoon’s declaration of martial law constituted an insurrection, saying it amounted to a “self-coup.”

The punishment was heavier than the 15 years sought by special counsel Cho Eun-suk’s team, with Han being placed under custody after the ruling due to concerns of evidence destruction.

The court said the former prime minister took part in the insurrection by proposing that Yoon convene a Cabinet meeting before declaring the decree.

It also found Han guilty of signing a revised proclamation after the decree was lifted in a bid to enhance its legitimacy, discarding it and lying under oath at the Constitutional Court.

A Seoul High Court trial division dedicated to handling cases connected to Yoon’s martial law bid is expected to handle Han’s appeal. The special division is scheduled to launch on Feb. 23.

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