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Aug. 11 (UPI) — Israel recorded two diplomatic advances in Latin America, as Colombia became the second country in the world to recognize Israeli sovereignty over the Golan Heights and Venezuela agreed to restore consular services with Israel for the first time since diplomatic relations were severed in 2009.

Colombia’s Foreign Ministry announced Monday its recognition of Israeli sovereignty over the Golan Heights, a strategic plateau along the border between Israel and Syria, saying the decision was in response to “persistent regional instability in the Middle East” and the territory’s strategic importance to Israel’s security.

“Colombia recognizes that Israel’s continued control and sovereignty over the Golan Heights constitutes an essential component of its national defense,” the Colombian Foreign Ministry said.

The decision makes Colombia the second country in the world, after the United States, to recognize Israeli sovereignty over the territory. The United States did so in 2019 during President Donald Trump‘s first term.

Israel captured most of the Golan Heights from Syria during the 1967 Six-Day War and extended its laws, jurisdiction and administration over the territory in 1981. The United Nations does not recognize that move and considers the Golan occupied Syrian territory.

U.N. Security Council Resolution 497 declared Israel’s decision “null and void and without international legal effect.”

Syria condemned Colombia’s recognition, saying it violates Syrian sovereignty and international resolutions concerning the territory. The Syrian Foreign Ministry said the Golan is an “integral and indivisible part” of Syria and called on Colombia to reconsider its decision.

The Arab League, Saudi Arabia and Egypt also rejected the move and reaffirmed Syria’s sovereignty over the territory.

Colombia’s decision comes amid a broader shift in relations with Israel under President Abelardo de la Espriella. His government also announced plans to relocate the Colombian Embassy from Tel Aviv to Jerusalem, reversing policies adopted under Gustavo Petro, who severed diplomatic relations with Israel in May 2024 in response to the war in Gaza.

Israeli Foreign Minister Gideon Saar described Colombia’s recognition of Israeli sovereignty over the Golan Heights as a “historic” decision, according to Israel’s Foreign Ministry.

Separately, Israel and Venezuela announced Tuesday that they had agreed to establish a coordination mechanism to provide consular services to their citizens, creating the first official link between the two countries since Caracas severed diplomatic relations with Israel 17 years ago.

The agreement, announced in a joint statement released by Israel’s Foreign Ministry, does not amount to the full restoration of diplomatic relations or include the reopening of embassies.

The two countries also agreed to continue bilateral technical cooperation that began after Israel sent humanitarian assistance to Venezuela following the magnitude-7.2 and 7.5 earthquakes that struck the country June 24.

An Israeli delegation composed of Foreign Ministry and Israel Defense Forces personnel traveled to Venezuela after the earthquakes and worked with Venezuelan authorities and emergency teams on disaster response, recovery and humanitarian assistance.

The rapprochement also comes amid efforts by Venezuela’s Jewish community to promote the normalization of relations.

Venezuela’s Foreign Ministry said Isaac Cohen, chief rabbi of the Venezuelan Israelite Association, delivered a letter to President Delcy Rodríguez asking her to consider restoring diplomatic relations with Israel.

Venezuelan Foreign Minister Félix Plasencia said the request was intended to “address the needs of the Jewish community in our country.”

In their joint statement, Israel and Venezuela highlighted the relationship between Israel and Venezuela’s Jewish community, describing it as an “important bridge of historic friendship” between the two countries.

Venezuela severed diplomatic relations with Israel in January 2009 under then-President Hugo Chávez amid the Israeli military offensive in Gaza.

Washington, DC – A year after United States President Donald Trump deployed the National Guard to Washington, DC, opinions are mixed among residents, politicians and experts about the mission’s success.

Thousands of troops were deployed to DC in August 2025 as part of Trump’s Safe and Beautiful Task Force after he declared a crime emergency in the city.

The arrival of the soldiers triggered immediate opposition from many DC residents, with protests throughout the year. The advocacy group Free DC organised 11 days of demonstrations culminating in a protest outside the White House on Tuesday against what the group calls a “hostile military occupation”.

“I think Trump should go ahead and let them go home,” Ybonne Coles, a 60-year-old restaurant worker who was born and raised in the capital, said on a hot August day in Farragut Square as several soldiers patrolled nearby.

“They ain’t doing nothing but walking,” said Coles. “That money could go towards organisations to help people that really need help.”

The deployment has also faced resistance from legal officials, who have questioned its constitutionality.

On September 4, DC Attorney General Brian Schwalb sued the Trump administration over the deployment, which the lawsuit claimed was an illegal use of military force for law enforcement purposes in violation of the Posse Comitatus Act.

US District Judge Jia Cobb ruled to end the deployment on November 20, but a federal appeals court later granted the administration’s request for a stay on the order as litigation continues.

DC Mayor Muriel Bowser, whose administration Trump blamed for what he described as soaring crime rates, similarly criticised the legality of the deployment.

“We use the Guard to respond to emergencies. We use the Guard for large-scale events. We do not use the Guard to police our local laws,” Bowser said at a DC conference in October.

As the deployment approached its one-year mark, federal officials announced a “summer surge” of National Guard troops in advance of the 250th anniversary celebrations in the capital, requesting an additional 1,500 troops.

‘Peaceful and tranquil’

Not everyone opposes the National Guard’s presence.

Aaron Taslitz, a 30-year-old teacher who also works as a bike courier in DC, said that, though he would prefer that military resources be used on something more urgent than roaming the streets of the capital, he does feel safer with them around.

“For the most part, they’ve kept things peaceful and tranquil here,” he said, as he took a break from his morning bike ride in Dupont Circle.

Trump has often railed against DC, calling it “one of the most unsafe cities anywhere in the world” and claiming that since the Guard was brought in, crime has dropped by 88 percent.

However, the precise impact of the National Guard’s presence on crime in Washington, DC, remains unclear.

A report from the Niskanen Center in May found that the deployment has had no significant impact on violent crime, which has been in consistent decline in the district over the past few years.

Although the report found notable reductions in property crimes, it showed a limited impact of the troop presence on “opportunistic” crimes.

“They’re not trained police officers,” explained Richard Hahn, a co-author of the report. “The best thing a National Guard member can be, in terms of a crime deterrent, is a sentinel.”

Troop patrol zones have also concentrated in “high-traffic” areas, including tourist hubs like the National Mall and Union Station.

“Violent crime really concentrates in specific places in DC,” said Hahn. “And those are places where, by and large, the Guard was not deployed.”

Currently, 4,636 soldiers are deployed to the DC mission, including nearly 700 from the DC National Guard and thousands from various other state guards, according to a Joint Task Force-DC spokesperson. The largest out-of-state contributors are Georgia, South Carolina and Mississippi.

Despite the high number of troops, local news stations in DC have reported a notable absence of troops east of the Anacostia River, where several neighbourhoods post some of the highest violent crime rates in the city.

Commanding General Leland D Blanchard II indicated in a news conference on August 3 that patrol zones would shift in the coming weeks, but declined to provide further details.

‘Unnecessary’ use of force

A Senate investigation and report, authored by Senators Gary Peters and Andy Kim in February, also expressed concerns that the deployment risked harming local trust in law enforcement, politicising the armed forces and reducing troop preparedness.

The report further identified a threat to civilian privacy posed by the Guard’s software tools, including social media monitoring systems Meltwater and Cision, and the Palantir Technologies platform Maven Smart System.

The National Guard has also faced multiple lawsuits since the deployment began last August.

On July 29, the American Civil Liberties Union filed a claim on behalf of retired US Army captain Anna King after members of the Idaho National Guard violently detained her in May for allegedly assaulting an officer two days earlier.

King has denied the allegation and instead believes she was detained for her vocal criticism of the Guard’s presence in the city.

“What you see here is an aggressive use of force that was totally unnecessary and totally disproportionate,” said Michael Perloff, a lawyer representing King, “and this illustrates the broader concerns with the reliance on the National Guard to patrol this district.”

While no official cost has been reported for the first year of the operation, the Senate Committee on Homeland Security reported an annual estimate of $602m.

In July, the Pentagon announced plans to keep the Guard in DC through the end of Trump’s term. According to an estimate obtained by Senator Elizabeth Warren, the deployment will cost an additional $1.4bn from October 2026 to January 2029.

The figure comes on top of an already steep deployment cost so far.

One service member from the Indiana National Guard, who was deployed for a few months as part of the DC mission in November and asked not to be named, expressed mixed feelings about his time patrolling the streets of DC.

“My time there was to help the citizens of DC,” said the soldier, adding that he took pride in providing this service.

“It didn’t matter who they were, what they were doing – I was just there to help in any way that I could,” he said. “I’ve seen people impacted by us in a positive light.”

At other times, though, he said he had his doubts about the mission, noting especially low morale in his unit while they were away from their families during the holiday season.

“There were days when I was like, ‘What are we doing here? We’re not really doing anything.’”

Amazon (AMZN) shares rallied in Thursday’s extended trading after reporting stronger-than-expected second-quarter results, driven by the strength of its cloud business, putting the spotlight on ETFs with significant exposure to the stock.

The e-commerce giant reported second-quarter North America revenue

South Korean stocks ended nearly 1 percent higher Tuesday, led by gains in technology shares, as investors watched for a possible resumption of U.S.-Iran talks in Qatar aimed at easing tensions in the Strait of Hormuz. The Korean won weakened against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 81.83 points, or 0.97 percent, to close at 8,476.47.

Investor sentiment improved after the United States and Iran were set to resume talks in Qatar aimed at easing tensions in the Strait of Hormuz, alleviating concerns over a prolonged disruption to global oil supplies.

Overnight, Wall Street rebounded sharply as investors returned to tech stocks.

The Dow Jones Industrial Average gained 0.59 percent to close at a record high, while the Nasdaq composite jumped 2.07 percent and the S&P 500 advanced 1.18 percent.

Crude prices rose modestly as investors monitored implementation of the U.S.-Iran peace framework.

Trade volume was moderate at 444.61 million shares worth 41.08 trillion won (US$26.51 billion), with losers outnumbering losers 621 to 261

Institutions and individuals bought a net 2.93 trillion won and 833.45 billion won worth of shares, respectively, while foreigners sold a net 3.79 trillion won.

“Investors scooped up semiconductor shares following recent losses, while IT infrastructure and electricity stocks rose on hopes for major investment in semiconductor infrastructure in the southwestern region announced by the government and chipmakers,” said Lee Kyoung-min, an analyst at Daishin Securities.

Tech shares lifted the overall market.

Market bellwether Samsung Electronics rose 3.41 percent to 334,000 won, and chip giant SK hynix gained 0.84 percent to 1.65 million won. SK Square, the parent of SK hynix, advanced 3.48 percent to 1.69 million won.

Chip components maker Samsung Electro-Mechanics jumped 7.16 percent to 1.18 million won after announcing a 454 billion-won supply deal for multilayer ceramic capacitors (MLCCs) for artificial intelligence servers to a U.S.-based customer.

Battery shares retreated on profit-taking after sharp gains the previous session.

LG Energy Solution plunged 9.61 percent to 362,000 won, and its smaller rival Samsung SDI sank 4.88 percent to 487,000 won.

The Korean won was quoted at 1,549.4 won per U.S. dollar as of 3:30 p.m., down 4.2 won from the previous session.

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June 24 (UPI) — Investment from the United States in Latin America and the Caribbean fell 11% in 2025, although the country remained the region’s leading source of foreign direct investment, the Economic Commission for Latin America and the Caribbean, or ECLAC, reported.

The organization presented its annual report, Foreign Direct Investment in Latin America and the Caribbean 2026: Navigating the New Global Context, in Santiago, Chile, on Tuesday. The report showed that the region received $194.233 billion in foreign direct investment in 2025, up 1.7% from the previous year.

ECLAC attributed the modest growth to an international environment marked by geopolitical tensions, technological rivalry among major powers and changes in U.S. trade policy.

The United States accounted for 35% of foreign investment with an identifiable origin entering the region, while Europe represented 32%.

ECLAC said the decline in U.S. investment flows and the increase in European investment significantly narrowed the gap between the two players.

The organization warned that recent changes in U.S. tariff policy could affect Latin American countries unevenly depending on their productive structures and their level of integration into regional value chains.

“In the current global context of weaponized interdependence, it is essential to understand the relationship between trade and foreign direct investment in order to design policies that allow us to advance toward more productive, inclusive and sustainable development,” ECLAC Executive Secretary José Manuel Salazar-Xirinachs said.

During the presentation of the report, Salazar-Xirinachs also said the world had moved from a period in which economic interdependence was viewed as a source of efficiency and even a guarantee of peace to one in which it is increasingly perceived as a source of vulnerability, according to statements reported by Xinhua.

Brazil remained the region’s leading destination for foreign investment, attracting $77.676 billion, equivalent to 40% of the regional total. Mexico received $43.221 billion, or 22% of the total, although it recorded a year-over-year decline. Together, the two countries accounted for 62% of all foreign investment received by Latin America and the Caribbean in 2025, according to ECLAC.

They were followed by Chile with 7% of regional flows, Peru and Colombia with 6% each, Guyana with 5%, and Costa Rica and Dominican Republic with 3%.

The sectoral composition also showed changes. Services attracted 53% of foreign investment received by the region and increased 19.5% from the previous year. Natural resources rose 7% and accounted for 16% of the total, while manufacturing declined 17.2% and represented 31% of investment flows.

The report also showed signs of caution among investors. During 2025, 1,326 new investment projects were announced with a combined value of $114.1 billion, a decline of 10.2% in the number of projects and 34.3% in value compared with 2024.

In response to this scenario, ECLAC recommended diversifying export markets and sources of investment, strengthening coordination between trade and investment policies, and expanding regional cooperation to reduce dependence on individual markets and increase economic resilience.

June 23 (Asia Today) — South Korea’s two leading instant-noodle makers posted sharply different results across major overseas markets during the first quarter, with Samyang Foods growing rapidly in the United States and Nongshim generating steadier profits in China and Japan.

Samyang Foods recorded U.S. sales of 185.3 billion won ($120.3 million) during the first three months of the year, up 37% from the same period in 2025, according to industry data released Tuesday.

Its U.S. operating profit jumped 325% to 22 billion won ($14.3 million).

Nongshim posted U.S. sales of 141.3 billion won ($91.8 million) and an operating profit of 12.3 billion won ($8 million) during the same period.

Samyang’s growth was driven primarily by the continued popularity of its spicy Buldak brand and the expansion of its distribution network.

The company has increased the number of its products sold through Walmart, Costco and other major U.S. retailers. Sales of products tailored to local preferences, including Buldak Mac and Cheese and Buldak Ramen Habanero Lime, have also increased.

“The distinctive flavor and concept of the Buldak brand are giving us a competitive advantage in the U.S. market,” a Samyang Foods representative said.

The company plans to expand its presence in North America by strengthening the brand and increasing distribution through large retailers, the representative said.

Nongshim is also seeking a larger share of the North American market through Shin Ramyun and its expanding line of stir-fried noodles.

The company has improved its production and logistics efficiency by raising operating rates at its factories near Los Angeles. Its products also continue to generate steady sales through Walmart, Costco and other major retailers.

The competitive picture was different in China, where Nongshim recorded more stable profitability despite generating considerably less revenue than Samyang.

Nongshim’s Chinese operations reported first-quarter sales of 52.7 billion won ($34.2 million), up 16% from a year earlier. Operating profit rose 20% to 7.2 billion won ($4.7 million).

The results were supported by continued demand for Shin Ramyun, Chapagetti and Neoguri.

Samyang generated much higher sales in China but experienced a steep decline in profit.

Its first-quarter Chinese sales rose 36% to 171.3 billion won ($111.2 million), while operating profit fell 77% to 1.3 billion won ($844,000).

Industry analysts attributed the decline to Samyang’s reorganization of its distribution partners and inventory remaining after weaker-than-expected sales during China’s Singles’ Day shopping festival last year.

Samyang said it remains committed to long-term growth in China.

The company plans to strengthen Buldak’s brand position while expanding beyond instant noodles into products such as sauces and air-dried noodles.

Samyang is also constructing a factory in Jiaxing, Zhejiang province. It recently expanded the planned number of production lines at the plant from six to eight.

The Jiaxing factory is scheduled to begin operating in 2027. Samyang expects local production to improve manufacturing and distribution efficiency in China.

Nongshim also delivered stronger profitability in Japan.

Its Japanese subsidiary recorded first-quarter sales of 33.9 billion won ($22 million), up 20% from a year earlier. Operating profit increased 75% to 1.66 billion won ($1.1 million).

The company’s performance was supported by growing recognition of Shin Ramyun and improved bargaining power in price negotiations with retailers.

Samyang’s Japanese business recorded sales of 9.9 billion won ($6.4 million), an increase of 34%, but operating profit fell 31% to 240 million won ($156,000).

Marketing expenses and initial investments associated with expansion into convenience stores, Don Quijote and Costco weighed on profitability, according to industry analysts.

The results suggest that the rivalry between the two companies is developing differently in each region.

Samyang is using the global recognition of Buldak to drive rapid growth in North America, while Nongshim is building a more stable earnings base in China and Japan through established products led by Shin Ramyun.

Both companies are expanding production capacity as global demand for Korean instant noodles continues to grow.

In addition to Samyang’s Jiaxing factory, Nongshim is constructing an export-only plant at the Noksan National Industrial Complex in Busan.

Nongshim plans to complete the factory and begin production during the second half of the year. The facility is expected to become a major base for expanding the company’s global supply capacity.

“Success in overseas food markets depends not only on brand strength but also on production capacity, distribution networks and a stable supply system,” a retail industry official said.

“Samyang is currently showing strong growth in North America, but Nongshim is also expanding production and strengthening its localization strategy,” the official said. “Competition in the global market will become more intense.”

— 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=20260624010008206

South Korean stocks finished at an all-time high Monday on a continued rally in semiconductor shares amid signs of progress in U.S.-Iran talks to end their monthslong war in the Middle East. The local currency lost against the U.S. dollar.

After opening 1.08 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) added 62.13 points, or 0.69 percent, to 9,114.55 after rising as high as 9,253.00.

Trade volume was moderate at 377.2 million shares worth 41.4 trillion won (US$26.9 billion) with losers outnumbering winners 739 to 148.

Retail investors and institutions were net buyers, purchasing 2.15 trillion won and 308.4 billion won, respectively, while foreign investors sold a net 2.55 trillion won.

On Sunday, Washington and Tehran wrapped up their first talks and agreed on a road map to reach a final deal within 60 days, according to a statement issued by the mediating countries of Qatar and Pakistan.

The negotiations had been at risk of breakdown as Tehran said it had closed the Strait of Hormuz and U.S. President Donald Trump had repeated his threats to resume attacks on Iran.

“Negotiations went smoothly in general despite some aggressive messages, which were considered short-lived noises,” said Kang Jin-hyeok, an analyst from Shinhan Securities.

Semiconductor shares ended in positive territory.

Chip giant SK hynix jumped 5.61 percent to 2.92 million won, surpassing Samsung Electronics in terms of market capitalization for the first time.

SK Square, the parent of SK hynix, surged 10.67 percent to 1.97 million won, and Hanmi Semiconductor, a leading chip manufacturing equipment provider, increased 2.2 percent to 301,500 won.

Defense giant Hanwha Aerospace advanced 0.27 percent to 1.13 million won, and Korea Aerospace Industries (KAI) climbed 1.43 percent to 148,600 won.

However, Samsung Electronics dropped 0.14 percent to 353,500 won, and Samsung Electro-Mechanics, an electronic components manufacturing affiliate of Samsung Electronics, lost 1.85 percent to 2.23 million won.

Top carmaker Hyundai Motor decreased 5.22 percent to 581,000 won, and leading battery maker LG Energy Solution dipped 4.7 percent to 385,500 won.

Samsung Life Insurance slid 9.36 percent to 450,500 won, and pharmaceutical giant Samsung Biologics retreated 5.75 percent to 1.3 million won.

The Korean won was quoted at 1,537 won against the U.S. dollar, down 10 won from the previous session.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 2.6 basis points to 3.810 percent, and the return on the benchmark five-year government bonds added 3.9 basis points to 4.044 percent.

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