rises

Published on
20/08/2026 – 8:19 GMT+2

Oil prices rose on Thursday, holding near their highest levels in weeks, as the deadlocked standoff between the United States and Iran kept supply concerns elevated in the Middle East.

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Brent crude, the international benchmark, rose 0.3% to $91.90 a barrel, while US benchmark crude edged up 0.2% to $84.57 a barrel.

Prices have climbed steadily since the start of August, when Brent was trading at around $87.38 a barrel, as the standoff over the Strait of Hormuz keeps supply concerns elevated even without any single new escalation.

Both benchmarks remain well above the barrel prices they were trading at before the war began.

Markets rebound on Treasury move

Global shares rallied on Thursday, reversing course after Wednesday’s heavy sell-off in artificial intelligence-related stocks, after the US Treasury Department said it would at least double the size of its buyback operations for longer-dated government debt, to $4 billion (€3.4bn) or more per operation, starting in September.

The move eased pressure on bond markets that had pushed yields to multi-decade highs in recent months, and lifted risk appetite across Asia.

South Korea’s Kospi surged 6.1% to 6,858.91, rebounding sharply after sinking 5.8% on Wednesday. Samsung Electronics jumped 9.7%, while SK Hynix surged 14.1% after the memory chipmaker announced a share buyback plan.

Japan’s Nikkei 225 added roughly 0.9%, while the Topix rose 0.8%, recovering some of Wednesday’s losses. Hong Kong’s Hang Seng gained 1.1% to 25,786.32, and the Shanghai Composite rose 0.3% to 3,905.23. Australia’s S&P/ASX 200 was up 0.3% to 9,066.40.

Bond yields ease from multi-decade highs

The yield on the 10-year US Treasury fell to around 4.64%, from 4.71% on Tuesday, while the 30-year yield dropped to 5.18% from 5.28% — pulling back from its highest level since 2007.

Yields have climbed in recent months on concerns over inflation stemming from the war in Iran and rising government debt.

Japan’s 10-year government bond yield, which had been trading near a three-decade high, fell to around 2.83% from more than 2.89% on Wednesday.

On Wall Street on Wednesday, the S&P 500 climbed 0.2% for its first gain in four sessions, snapping a three-day losing streak. The Dow Jones Industrial Average and the Nasdaq composite each added 0.2%.

The US dollar rose to 158.60 yen from 158.16, while the euro slipped slightly to $1.1676 from $1.1677.

Additional sources • AP

Twenty-six more bodies have been recovered from the ferry that capsized on a lake in Zimbabwe on Tuesday, increasing the death toll to 72.

Police investigations suggest that the boat was overloaded when it overturned on Lake Kariba. It was carrying an estimated 153 people when it left Kariba town harbour, but its maximum authorised capacity was for just 90 passengers.

Among the victims were at least 18 children, including 16 under the age of 10, according to state broadcaster ZBC. Among the youngest identified victims were one-year-old Wendy Ndandarika and 14-month-old McDonald Nyasha Gumpo and Hailly Tauro, according to local media reports.

The captain, Sign Patsikadova, 59, is also among the confirmed dead.

Search and recovery operations involving police divers, military personnel and local fishermen continued on Saturday, authorities said.

Disaster management officials said 77 people were rescued shortly after the vessel capsized. Many were taken to a nearby island before being transferred to health facilities in Kariba town.

Survivors told reporters that high winds generated choppy waves that flooded the boat shortly after departure. Passengers had urged the operator to turn back towards the shore, but the vessel continued into open water before rolling over.

Some homes have lost more than one relative.

The government has declared a national disaster and deployed welfare agencies to distribute food to affected households.

“It has been difficult to know who to console first, as almost every homestead has lost a relative, and the worst cases more than five relatives at once,” Solomon Machipisa told local outlet The Herald.

The ferry served as a vital lifeline for remote fishing communities along the lake, connecting them to food supplies, markets and essential services. Its loss has already begun affecting food deliveries, with shops that depended on the vessel facing shortages, residents told The Herald.

Accidents on the lake, the world’s largest man-made reservoir by volume, are relatively rare, making the sinking one of the country’s worst maritime disasters in decades.

Lake Kariba lies on Zimbabwe’s border with Zambia, more than 300km (186 miles) northeast of the capital Harare.

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The death toll from Japan’s Kyushu island quake rises to 13. Japan’s Prime Minister says there are still people waiting to be rescued from the damage caused by the 7.1-magnitude quake.

July 24 (UPI) — The Israeli military is launching a major operation in the occupied West Bank after a clash between settlers and Palestinians left six people dead on Friday.

Four Palestinian residents of the village of Tell and two Israeli soldiers were killed in the incident, after a group of settlers entered the village claiming to be on a hike.

Israeli officials said violence broke out when a Palestinian man stole a weapon from local security personnel, firing at the Israelis. Palestinian officials said the men were provoked while defending their village from armed trespassers.

The incident sparked a series of settler rampages in more than a dozen villages on Friday, the Times of Israel reported.

Hundreds of Israelis torched homes and hurled stones at Palestinians, the Times reported.

Following the Friday killings, Israeli officials said they were preparing a major “counterterrorism” operation in the West Bank, Al-Jazeera reported.

Bezalel Smotrich, the far-right Israeli finance minister, called for the demolition of Palestinian villages following the Friday killings.

“The population must be evacuated for its own protection, and these villages must be cleared of terrorist infrastructure and terrorists in order to restore deterrence and security to the area,” he told CNN.

Following the funeral for one of the Israeli soldiers killed, settlers torched buildings, homes and farms belonging to Palestinians, the Times reported.

Israeli Prime Minister Benjamin Netanyahu said he instructed Israel Defense Forces to take a “series of forceful steps against terror.”

In a statement, Netanyahu said his military would “act forcefully in villages that serve as terror hotspots” as well as “accelerate the regularization of farms and the establishment of new ones.”

Israeli settlements in the West Bank are illegal under international law.

“The Israeli government is pushing the West Bank towards explosion,” said Ayman Safadi, Jordan’s foreign minister, in a statement. “Its blatant violations of the historical and legal status quo at Jerusalem’s Holy Sites are illegal and dangerous provocations. They are pushing the region towards another disastrous conflict that will reverberate beyond the occupied Palestinian territories.”

Regional health agency warns of increased risk of a disease outbreak after Venezuela’s twin earthquakes

Venezuela’s authorities say the death toll from twin earthquakes last month has risen to 3,889, as regional health agencies warn of an increased risk of disease.

Lawmaker Jorge Rodrigues said on Thursday at least 16,740 people had been injured and 17,907 displaced.

The Pan American Health Organization (PAHO) warned that displaced people across Venezuela’s northern coast, the area most affected by the tremors, are at risk of disease because of limited access to clean water and regular medical care.

“In the coming weeks, the greatest health risks may stem not only from injuries caused by the earthquakes, but also from disruptions to health services, overcrowded conditions, deficiencies in water and sanitation and reduced access to vaccination and routine healthcare,” PAHO’s director Jarbas Barbosa said.

The agency is working with Venezuela’s health ⁠ministry to improve vaccine access and trace any outbreaks of respiratory or digestive illnesses, especially in shelters set up for those who lost their homes.

The United Nations launched an appeal for roughly $300 million to assist 1.3 million people in urgent need of aid in Venezuela.

PAHO urged immediate disbursement of the remaining $15 million in requested emergency aid to repair damaged hospitals and to maintain basic sanitation in camps for the displaced to prevent a health emergency.

Caracas, June 26, 2026 (venezuelanalysis.com) – Venezuelan casualties from Thursday’s double earthquake continue to rise amid ongoing search and rescue efforts to remove survivors from flattened buildings.

On Thursday night, Venezuelan authorities reported 235 people dead and over 4,300 injured. There are 250 buildings with serious damage or completely collapsed. 

The death toll is expected to rise sharply with unofficial missing people databases compiling more than 40,000 unaccounted persons. However, the figure has steadily decreased in recent hours, while organizers have also pledged to remove duplicate filings.

Social media channels have been flooded with reports of missing friends and relatives.

The Caribbean nation was struck by 7.2 and 7.5-magnitude earthquakes in quick succession on Wednesday. The tremors were concentrated in central and northern states, including the capital. Coastal La Guaira State was the worst affected, with government officials reporting over 100 collapsed buildings.

Search and rescue efforts continued on Thursday as civil protection teams and volunteers rushed to locate survivors and remove them from under the rubble. The Venezuelan government called on the private sector to collaborate with heavy machinery. Several areas of La Guaira are also hard to reach.

Venezuelan grassroots organizations also mobilized, organizing the collection of food, clothes and medicines for displaced families and setting up makeshift shelters.

Videos on social media showed the Venezuelan armed forces likewise moving equipment and mobile surgical units to the coastal area. Commercial flights to and from Simón Bolívar International Airport airport in La Guaira, the main air hub serving Caracas, have been temporarily suspended following damage to a major runway and the air traffic control tower.

Acting President Delcy Rodríguez visited the most affected areas on Thursday afternoon and oversaw ongoing efforts to deploy heavy machinery and provide food and shelter for displaced families.

“We express our support and solidarity to all those affected and we hope to find as many survivors as possible,” she told reporters. “We are working around the clock and we have called for international assistance.”

Venezuelan efforts were reinforced on Thursday night with the arrival of emergency teams from Mexico, the Dominican Republic, and El Salvador. Additional brigades are reportedly on the way from Colombia, Brazil, and the US, among others.

Alongside search and rescue teams, the US Department of War announced a deployment of logistical support assets.

In a statement, the US Southern Command (SOUTHCOM) announced the deployment of the amphibious transport ship USS Fort Lauderdale and the littoral combat ship USS Billings alongside Hercules transport aircraft. Marine Corps Major General Kevin J. Jarrard landed on Thursday night and will reportedly oversee the efforts.

The Trump administration is providing $150 million in humanitarian aid to be channeled through “assistance” partners including Catholic Relief Services and multiple UN agencies.

Washington has, however, opted to maintain its punishing economic sanctions regime against the South American country. On Thursday, the US Treasury Department issued General License 60 (GL60) authorizing transactions related to earthquake relief efforts. However, Venezuelan assets abroad, including bank accounts, remain frozen, meaning that aid efforts will still face hurdles or require US approval.

Caracas has also been unable to access around $4.8 billion in gold held by the Bank of England as well as nearly $5 billion in IMF Special Drawing Rights issued during the Covid-19 pandemic. 

Since January, the Trump administration has issued multiple sanctions waivers to allow Western corporations to secure favorable energy and mining agreements with the acting Rodríguez government. Transactions between Caracas and its historic allies in China, Russia, Cuba, and Iran continue to be prohibited by the waivers and subject to secondary sanctions. The White House has likewise seized control of Venezuelan export revenues, disbursing a portion back to Caracas at US officials’ discretion.

Edited and with additional reporting by Lucas Koerner in Caracas.

WASHINGTON — As Janeese Lewis George paves a path to the mayor’s office in Washington, D.C., she’s told voters they could have it all.

Her unapologetically expansive, left-wing agenda includes subsidized or even free childcare, increased down payment assistance for homebuyers and community resources to reduce crime, plus a promise to aggressively confront President Trump’s attempts to reshape the nation’s capital.

“People are tired of hearing what government can’t do. They want to hear what government can do,” Lewis George said in an interview before the city’s primary, where she defeated her Democratic opponents and positioned herself to win the general election in November in a city dominated by Democrats.

Lewis George’s victory signals a break with a quarter-century of centrist governance in Washington, and it puts her in the vanguard of democratic socialists who have ascended in urban politics over the last year. Zohran Mamdani toppled Andrew Cuomo, the scion of a political dynasty, on his way to becoming New York City mayor. Katie Wilson won an upset victory to lead Seattle last fall. And this month, Nithya Raman clinched a spot in the November runoff against Los Angeles Mayor Karen Bass.

All of them are members of the Democratic Socialists of America, or DSA. The political organization has seen its membership ranks swell from a few thousand to more than 100,000 nationwide over the last decade after an influx of younger Americans joined following the presidential bids of Vermont Sen. Bernie Sanders, also a self-described democratic socialist.

There’s little sign of national coordination among the candidates, and it’s unclear whether voters are gravitating toward their promises of improved government services, their vows to fight the Trump administration or their critiques of capitalism.

But from coast to coast, confrontational progressives are advancing in mayoral races. City leaders can draw outsized attention for their successes and failures, and democratic socialists will be under pressure from residents to deliver on their vows for a new kind of governance. Whether that translates to national politics is a next test for their movement.

“They are all channeling a displeasure with a status quo and a serious desire for economic populism that the establishment Democratic Party hasn’t been preaching,” said Eric Stern, a Democratic strategist with Fight Agency, a political consulting firm that strategized Mamdani’s mayoral campaign.

Stern added that Democratic voters appeared more willing to support the most progressive candidate in mayoral races rather than in contests for the U.S. House. Candidates like Mamdani and Raman, Stern said, are “daring voters to dream and fall in love not just with the individual candidates but also the political process as a whole.”

A rising left navigates America’s urban challenges

The trend of progressives surging in urban areas may have limits for its broader impact on Democratic politics. Democratic mayors in cities including Atlanta, Houston, Miami and San Francisco won on relatively moderate platforms in recent years.

Progressive have also faced noteworthy challenges. Chicago Mayor Brandon Johnson was endorsed by the city’s DSA chapter during his 2023 mayoral run but has since faced criticism from both moderate and liberal local leaders on issues such as immigration, the local budget and public safety. Recalls and public pressure ousted progressives elected to district attorney offices in multiple jurisdictions over the last five years, when criminal justice reform efforts ran into dissatisfaction over public disorder following the COVID-19 pandemic.

Trump’s hardline immigration and law enforcement tactics have also become a challenge for liberal cities. The president’s agenda poses an especially serious threat to Washington, D.C., because of its status as a federal territory.

“Maybe we take back Washington and run it on a federal basis,” Trump told reporters this month when asked about the potential election of a democratic socialist as the district’s mayor. “We won’t put up with it.”

But progressives hope the current wave of anti-Trump furor in deep blue cities across the country will help buoy the chances of those on the hard left.

“It’s not folks looking for the leftmost option so much as looking for a candidate who’s gonna be on their side,” said Ravi Mangla, speaking for the left-wing Working Families Party. The party often endorses the same candidates as the DSA and is readying to target more mayoral offices in the country’s biggest metropolises this fall and in 2028.

“It’s less about whether you are on the right or on the left so much as whether you are willing to punch up at the powerful,” he added.

Mamdani and Lewis George are both self-described “sewer socialists” who emphasize the need for responsive government services rather than critiques of market economics. The phrase recalls the socialist Gilded Age mayors whom critics derided as too preoccupied with managing public works projects.

The term’s revival is partly a strategic move to align leftist ideas with concerns over affordability and the economy, voters’ top concern in the midterm elections, and shift the public perception of democratic socialists from firebrands who support radical policies to independent-minded public servants.

“This is absolutely a change election and I’m excited to bring the change that people want, which is really putting people first in the city and having the moral clarity and courage to stand up to Trump,” Lewis George said.

For voters the ‘socialist’ label did not seem to matter

While conservatives have used the “socialist” label to attack Democrats as extreme or incompetent, some D.C. voters appeared ambivalent before Tuesday’s primary.

Several lifelong residents said they believed Lewis George was a “fighter” but didn’t think she’d have much of an impact on the local economy, given the city’s status as a federal district.

“I go back and forth on my own labels and whether I am supportive of that movement or not, but I am supportive of making D.C. more affordable,” Owen Fitzgerald, a University of Maryland graduate student, said of his support for democratic socialism.

Fitzgerald voted for Lewis George because she would stand up to Trump and said he’d first learned of her campaign from friends in his neighborhood. But he didn’t know she was a democratic socialist until he saw news reports describing her with the label.

“It sends a cultural message to this administration that the people who are surrounding them in the capital are opposed to their platform, opposed to their political agenda, and I think that it will send a message, both nationally and internationally,” Fitzgerald said.

Brown writes for the Associated Press.

If there is a stage that is too big for Erling Haaland, we’re yet to find it.

A hat-trick on his Champions League debut for RB Salzburg, a hat-trick on his Bundesliga debut for Dortmund, a double on his Premier League debut for Manchester City, and now two goals on his World Cup finals debut, inspiring Norway to a 4-1 win over Iraq.

The 2026 World Cup might be six days in, but it felt as if it really began on Tuesday, with Kylian Mbappe inspiring France to a 3-1 victory over Senegal with two superb goals which made him Les Bleus’ all-time leading scorer.

Little over an hour later, Haaland strode out for his first World Cup appearance and picked up the gauntlet thrown by Mbappe, nearly 18 months his senior, with a display full of desire, as well as the goals we have come to expect.

Norway manager Stale Solbakken said afterwards: “You can see he lived up to the occasion – it wasn’t too big for him.

“I had a good feeling before the game, the last training session was very good. I had a feeling he would do it for us today.”

Iraq head coach Graham Arnold added: “He’s just an amazing number nine. We dealt with him quite well for a lot of the game [but] at the end of the day he’s a top striker.

“Norway could shock a lot of people with the team they have. They could go a very long way.”

Arnold spoke to Haaland after the final whistle and revealed: “I just said to him: ‘You’re one of the best number nines I’ve ever seen.’ He’s so strong, so quick and he’s just lethal.”

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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May 28 (UPI) — South Korea overtook the United States in 2025 to become the world’s second-largest exporter of cosmetics, according to the Ministry of Food and Drug Safety (MFDS) earlier this month.

The ministry noted that the East Asian country’s cosmetics exports amounted to $11.4 billion in 2025, up 11.8% from a year before, trailing only runaway leader France with $24.3 billion.

The United States ranked third with $10.8 billion, followed by Germany with $9.9 billion, Spain with $9.2 billion, Italy with $9 billion, China with $7.3 billion, and Japan with $3.9 billion.

Meanwhile, South Korea’s 2025 cosmetics imports declined 2.3% year-on-year to $1.29 billion, resulting in a trade surplus of $10.1 billion. It marked the first time Asia’s fourth-largest economy topped $10 billion in the annual cosmetics trade surplus.

By destination, the United States has emerged as the largest overseas market for Korean cosmetics last year as exports jumped 15% year-over-year to $2.2 billion. In contrast, shipments to China plunged 19% to $2 billion.

Demand for Korean cosmetics, widely known as K-beauty products, also increased sharply in Europe and the Middle East. Exports to Poland, in particular, more than doubled from a year earlier to $282 million.

To further beef up the competitiveness of the K-beauty industry, the MFDS pledged to pursue a range of policy initiatives, including expanded regulatory support programs.

“As countries such as the United States and China have recently introduced cosmetic safety assessment systems, we are preparing to implement our own safety evaluation framework in phases,” the MFDS said in a statement.

“To help domestic companies comply smoothly with the new system, the government plans to establish guidelines, provide consulting services, and train professional evaluators,” it added.

New players fueling K-beauty boom

In the past, South Korea’s cosmetics giants relied heavily on China as their primary offshore market. Traditional behemoths, including AmorePacific and LG Household and Health Care, resorted to such a business model for years.

However, a new wave of entrepreneurs has come to the fore with a different approach, reducing dependence on China while tapping aggressively into the United States, Europe, and Southeast Asia.

Leading the shift is APR, which was founded in 2014 and built its growth around online sales channels and beauty devices aimed at international customers.

Last year, APR almost tripled its operating profit to $240 million, which is almost equivalent to that of AmorePacific and well above $113 million of LG Household & Health Care.

APR continued its strong momentum this year as its first-quarter operating profit stood at $101 million, up 173.7% from a year ago, based on robust performance in such major markets as the United States and Japan.

According to U.S. business tracker Navigo Marketing, APR came in third place in Amazon’s beauty category last year with a 7.1% market share. The firm doubled it to 14.1% in the first quarter to claim the top position.

APR has also strengthened its offline presence by entering more than 1,500 Target stores across the United States last month. It plans to expand further into about 3,000 Walmart stores in June.

Meanwhile, first-quarter operating incomes of AmorePacific and LG Household and Health Care fell short of APR with $84 million and $72 million, respectively.

The strong earnings have prompted investors to pile into APR shares on the Seoul bourse.

As a result, APR’s market capitalization jumped 73.59% this year to reach $10 billion as of Thursday. Those of AmorePacific and LG Household & Health Care were $4.49 billion and $2.52 billion, respectively.

“Considering the expansion of offline channels in the United States and accelerating sales growth in Europe, APR’s stock is likely to maintain a medium- to long-term upward trajectory,” Yuanta Securities Korea analyst Lee Seung-eun said in a report.

HMC Investment Securities analyst Ha Hee-ji shared a similar view.

“APR’s growing brand recognition in the United States appears to be spreading across global markets, thus creating a virtuous cycle,” Ha said. “Business-to-business sales in Europe, Latin America, and the Middle East are also showing steep growth trends.”

WASHINGTON — Yet another White House construction project is underway, though this one is meant to be only temporary.

Crews are erecting an octagon-shaped cage on the South Lawn that will host next month’s UFC bout, helping mark the nation’s 250th anniversary — and President Trump ‘s 80th birthday.

Online renderings depict what the completed, wire-mesh-fence-ringed fight space is expected to look like ahead of the June 14 event. It will be ringed by a red, white and blue stage under a towering arch featuring stars and stripes patterns and two large screens carrying the action live.

The cage and stage will themselves be surrounded by thousands of temporary seats, including ringside space for a full marching band that can set the entire scene to blaring music.

The project is part of a series of events celebrating the semiquincentennial of the Declaration of Independence’s signing on July 4, 1776. Other planned functions include an IndyCar race that will pass by the White House and the Great American State Fair taking place on the National Mall.

Trump has said that the finished UFC project will feature “a 5,000-seat arena right outside the front door of the White House.” Additional large screens broadcasting the fights will be set up in a park at the nearby Ellipse, and the UFC has said it plans to issue as many as 85,000 free tickets to accommodate spectators at both locations.

“I have never seen anybody want anything so much as people want those tickets,” Trump said recently of demand to attend the UFC fight, adding, “That’s gonna be something.”

The card has been panned by fans online as underwhelming, featuring just two championship fights. Brazil’s Alex Pereira will meet France’s Ciryl Gane for the interim UFC heavyweight title. Then Spanish-Georgian lightweight champion Ilia Topuria takes on interim champ Justin Gaethje, one of just two Americans who currently hold even a share of the UFC’s 11 championship belts.

The octagon and surrounding structures are the latest project in the White House building boom Trump is leading.

The president’s other efforts to leave his mark include tearing up part of the Rose Garden to make room for a patio space reminiscent of his Mar-a-Lago estate in Florida, affixing partisan plaques to the wall of the colonnade for a Presidential Walk of Fame, redoing the bathroom attached to the Lincoln Bedroom and renovating the Palm Room, placing new flag poles on the north and south lawns and demolishing the entire East Wing for a sprawling ballroom.

The president also wants to repaint the Eisenhower Executive Office Building beside the White House and build a 250-foot arch at the nearby Lincoln Memorial — the same monument where weigh-ins for the upcoming UFC fight are scheduled to take place, bout organizers say.

Weissert writes for the Associated Press.