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April 14 (UPI) — A budget resolution to fund federal immigration enforcement could hit the Senate floor by next week, Senate Majority Leader John Thune said Tuesday, as Republicans seek to bypass Democratic demands for reforms to Immigration and Customs Enforcement and Border Patrol.

Federal funding for Immigration and Customs Enforcement and Border Patrol lapsed on Feb. 14 after Republicans agreed with the Democrats to remove the Department of Homeland Security from a larger spending package and avert a government shutdown.

Neither agency has been funded through regular DHS appropriations since, though they continue operating through other, emergency funding.

Democrats began demanding reforms to the federal immigration enforcement agencies before agreeing to restore funding after two U.S. citizens were killed by federal immigration officers amid President Donald Trump‘s aggressive immigration crackdown.

Amid a stalemate in negotiations, Republicans are considering passing three years of funding for the agencies through a complicated legislative mechanism called a budget reconciliation bill that permits certain spending legislation to pass with a simple majority rather than 60 votes, Thune told reporters Tuesday in the Capitol.

“Republicans are going to stand with our Border Patrol, with our law enforcement agencies and we’re going to ensure that they are funded, not only today but well into the future,” Thune, R-S.D., said.

Sen. Lindsey Graham, R-S.C., is preparing the resolution to fund the agencies that will be followed by the reconciliation bill “to ensure the job gets done,” he said.

Democrats have blocked funding for ICE and Border Patrol until reforms — including requiring judicial warrants and banning officers from wearing masks — are made, but the reconciliation bill tactic could ensure funding without any votes from Democratic lawmakers.

The same tactic was used last year to pass Trump’s sweeping spending and tax cut bill, which provided $75 billion for ICE.

“All of the things that the Democrats made this about, which was supposed to be about reforms to the way that ICE and Border Patrol operate — they get none of that,” Thune said.

“And now, we’re going to fund those agencies for three years into the future. The only thing the Democrats got out of this was they now own the issue of open borders and defund law enforcement.”

Republicans hold a narrow 53-47 majority in the Senate, with two independents caucusing with the Democrats, as well as a 218-213 majority in the House.

The Senate has twice passed bipartisan bills to fund DHS aside from ICE and Border Patrol, which the House has balked at. Democrats blame the Trump administration’s influence on the lower chamber.

“Republicans are dragging the Senate through a partisan circus just to avoid basic accountability for ICE and Border Patrol,” Senate Minority Leader Chuck Schumer told reporters at the Capitol during a separate press conference on Tuesday.

He said Democrats will continue to push for immigration enforcement reforms.

“So, the pattern, unfortunately, with this administration is clearer and clearer,” the veteran New York Democrat said. “Chaos abroad — the war; chaos at home with not funding DHS with reforms. A failed war overseas, a manufactured crisis here in Washington — in both cases Republicans aren’t leading, they are following orders.”

April 14 (Asia Today) — More than 2,000 people took part in a marathon in southwestern South Korea to honor the legacy of Han Yang-won, a spiritual figure known for promoting coexistence and peace.

The third Haepyeong Marathon was held Saturday in Namwon, North Jeolla Province, the hometown of Han, who died in 2016. The event was organized by the Association for Coexistence and Peace and supported by the Ministry of Culture, Sports and Tourism.

The marathon commemorates Han’s lifelong efforts to promote interfaith harmony and shared national values. The event name comes from his pen name “Haepyeong,” reflecting his core philosophy of coexistence and peace.

Organizers said this year’s event also aimed to express solidarity with people affected by ongoing conflicts around the world and to call for an end to war.

Participants ran 5-kilometer and 10-kilometer courses, with ages ranging from 5 to 78, highlighting a cross-generational turnout.

“The message of coexistence and peace is more urgent than ever in a world marked by conflict,” said Kim Dong-gyu, secretary-general of the organizing group. “We hope this event can help inspire a future where people live together in peace.”

Han was a leader of a Korean indigenous religious tradition that incorporates elements of Confucianism, Buddhism and Taoism. He also founded a national council of Korean religions in 1985 and led it for more than three decades.

He was posthumously awarded one of South Korea’s highest civilian honors in 2017 in recognition of his contributions to religious harmony.

— 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=20260414010004375

April 14 (UPI) — The Justice Department on Tuesday asked a federal court to dismiss the convictions of Proud Boys and Oath Keepers members who were found guilty of leading and organizing the Jan. 6, 2021, riot and attack on the U.S. Capitol.

The request includes 12 former members of the groups, all of whom prosecutors said were ringleaders of the attack. After his return to office in 2025, President Donald Trump pardoned most of those who were convicted for their parts in the riot, a move affecting more than 1,000 people. However, the sentences of some, including these 12, were commuted to time served instead, freeing them from prison though the convictions remained.

The group involved in the Justice Department request on Tuesday includes Stewart Rhodes, a leader of the Oath Keepers who was sentenced to 18 years in prison for seditious conspiracy and other charges. Prosecutors said Rhodes and other Oath Keepers “began plotting to oppose by force the lawful transfer of presidential power” after the 2020 election, CBS News reported.

Others whose sentences were commuted are Proud Boys leaders Ethan Nordean, Zachary Rehl, Dominic Pezzola and Joseph Biggs, who were also convicted of seditious conspiracy for their role.

Appeals involving this group have continued, and the Justice Department requested Tuesday that federal appeals panels vacate the earlier convictions and drop the cases in whole.

“The United States has determined in its prosecutorial discretion that dismissal of this criminal case is in the interests of justice,” wrote Assistant U.S. Attorney Daniel Lenerz in the filing, Politico reported.

Greg Rosen, former chief of the Justice Department’s Capitol Siege Section, criticized the move, CBS News reported.

“It’s a reminder of what drove the pardons in the first place-the political violence is acceptable as long as your politics align,” he told CBS News. “And it’s a continuing and sad commentary on the current state of the department.”

US president says second round of talks could be held in Pakistan as blockade of Iranian ports continues.

April 14 (Asia Today) — Circle is stepping up efforts to expand its stablecoin footprint in South Korea, aiming to challenge the dominance of Tether through a dual strategy focused on trading and payments.

Tether currently accounts for more than 80% of stablecoin transactions in South Korea and over 60% globally, according to industry data. Circle’s USD Coin, or USD Coin, holds a much smaller share in Korea, at around 10%.

Industry officials said Circle recently met with major South Korean exchanges, including Upbit, Bithumb and Coinone, to expand USDC trading and improve accessibility. The move is aimed at securing liquidity in one of the world’s largest cryptocurrency markets.

Circle CEO Jeremy Allaire visited South Korea this week and signed agreements with local exchanges and fintech firms to promote stablecoin adoption.

With Dunamu, the operator of Upbit, Circle is working on initiatives focused on regulatory compliance, transparency and user education. With Bithumb, the companies agreed to explore integration of multi-chain digital asset infrastructure and stablecoin technologies. Promotions such as fee discounts and airdrops are also being used to boost USDC trading on platforms like Coinone.

Beyond exchange trading, Circle is also expanding its payment infrastructure. The company is promoting its proprietary network to support real-world payments and cross-border transfers, including partnerships with South Korean fintech firm Hecto Financial.

Analysts say this reflects a broader strategy to compete with Tether not only in trading volume but also in real-world financial use cases.

USDC is backed by cash and U.S. Treasury assets and publishes regular disclosures, a structure that has made it attractive to financial institutions. It also operates across multiple blockchain networks, offering flexibility in transaction speed and fees.

Data suggests USDC has gained traction in payments and transfers. According to industry estimates, its on-chain transaction volume reached about $17 trillion last year, exceeding Tether’s roughly $12.9 trillion, indicating stronger usage in real-world transactions rather than exchange trading.

Experts say competition between the two stablecoins is shifting from market share to function.

“Stablecoin competition is no longer about issuance volume but about use cases,” said Gautam Chughani of CoinShares, adding that USDC is expanding rapidly in payments and institutional finance.

Analysts say Tether is likely to maintain its strength in trading liquidity, while USDC could gain ground through integration with the broader financial system.

Circle said it does not plan to issue a Korean won-pegged stablecoin directly, signaling instead that it may participate as a technology provider in a future bank-led consortium structure.

— 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=20260415010004432

April 14 (Asia Today) — South Korea ranked first in the world for artificial intelligence patent filings per capita in 2024, underscoring the country’s high concentration of AI innovation even as the broader global market remains dominated by the United States and China, according to Stanford University’s 2026 AI Index Report.

The report said South Korea recorded 14.31 AI patent filings per 100,000 people, the highest among countries surveyed. Luxembourg followed with 12.25, while China posted 6.95, the United States 4.68 and Japan 4.3.

South Korea also posted the largest increase in AI use among 30 countries surveyed. Its usage rate rose to 30.7% in the second half of 2024 from 25.9% in the first half, an increase of 4.8 percentage points.

The United Arab Emirates ranked first in overall AI adoption at 64%, followed by Singapore at 60.9%, Norway at 46.4% and Ireland at 44.6%. South Korea ranked 18th in overall usage despite recording the sharpest increase.

China accounted for 74.24% of AI patents worldwide, far ahead of the United States at 12.06%, the report said. Stanford researchers said China has nearly closed the performance gap with the United States in AI, while Washington continues to hold advantages in capital, infrastructure and AI semiconductors.

The report said China has shown particular strength in physical AI fields such as patents, research papers and autonomous robotics, while countries such as South Korea are competing by building on their own specialized advantages.

It also said the number of countries with government-backed supercomputing clusters rose to 44 after major AI infrastructure investment in Europe and Central Asia last year. Stanford’s AI Index, now in its ninth year, is widely used as a data-based benchmark for tracking the global AI industry.

— 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=20260414010004200

The Democratic representative from California has resigned his seat in Congress over multiple sexual misconduct allegations.

Democratic Representative Eric Swalwell has resigned from the United States Congress, amid mounting allegations of sexual misconduct.

On Tuesday, a fifth woman came forward to accuse Swalwell of unwanted sexual contact, saying the Democratic lawmaker drugged and raped her during an encounter in 2018.

“My delay in taking action against Eric was driven by fear, not doubt – fear of his political power,” Lonna Drewes said during a news conference in Los Angeles.

Drewes’s lawyer, Lisa Bloom, said her firm would be filing a police report with the Los Angeles County Sheriff’s office.

Swalwell has denied allegations of wrongdoing. But on Monday, he announced he would resign from Congress, one day after suspending his gubernatorial campaign.

Polls had shown the 45-year-old leading the race to replace Gavin Newsom as governor of California.

But his campaign imploded last week after reports from the San Francisco Chronicle and CNN detailed allegations of sexual misconduct from several women.

One woman, identified as a former staffer, told CNN that Swalwell raped her in a New York City hotel in 2024, an encounter that left her bleeding and bruised.

Three other women told US news outlets that they had received inappropriate messages from Swalwell on the app Snapchat, which automatically deletes interactions.

The accusations quickly prompted backlash to Swalwell’s gubernatorial campaign. Supporters withdrew their endorsements, and a handful of bipartisan lawmakers said they would push for a vote to expel Swalwell from Congress.

The Manhattan District Attorney’s Office also announced on Saturday that it is investigating the sexual assault allegations.

In a statement on Monday, Swalwell apologised to his family, staff and constituents for what he called “mistakes in judgment”.

Although he confirmed he would resign his seat in Congress, he nevertheless criticised his colleagues for seeking his expulsion.

“I will fight the serious, false allegations made against me,” Swalwell wrote.

“I am aware of the efforts to bring an immediate expulsion vote against me and other members. Expelling anyone in Congress without due process, within days of an allegation being made, is wrong.”

Republican Representative Anna Paulina Luna had said she would withdraw her motion to expel Swalwell once he stepped down, and she confirmed on Tuesday that he had submitted a resignation letter, “effective immediately”.

Republican Representative Tony Gonzales also announced on Monday that he would retire from Congress amid calls for his expulsion over allegations of sexual misconduct.

April 14 (UPI) — Police shot and killed a woman at an Omaha Walmart after she allegedly slashed a 3-year-old with a knife in a kidnapping attempt, law enforcement said Tuesday.

When officers arrived at the scene around 9:20 a.m. CDT, they found a woman outside the store “holding a knife to a 3-year-old child that was in a shopping cart,” Omaha Deputy Police Chief Scott Gray said at a news conference.

“The officers gave the suspect commands,” he said. “There is video that shows the suspect swiping the knife at the child, cutting him across the face. Officers at that time, at least one officer, fired their weapon, and the suspect is deceased at this scene.”

Police have not released the suspect’s identity. No officers were injured, the police department said on X.

The child was taken to a hospital with a large cut on his face and hand, but he is expected to recover.

The caretaker and child didn’t know the suspect, police said. The woman approached the caretaker and showed the knife. She gave the caretaker commands to walk in front of the shopping cart, so the three of them walked into the lot.

Gray said investigators don’t know why the woman approached the caretaker and child. Police believe she stole the knife from the store.

“Violence like this is unacceptable,” a Walmart representative told KETV-TV in Omaha. “We’re working with police and supporting them in their investigation.”

Officials said there was no threat to the public.

April 14 (UPI) — Saying, “Trump doesn’t scare me,” Olivia Troye, a former counterterrorism and homeland security adviser in the first administration of President Donald Trump, launched a campaign for Congress as a Virginia Democrat on Tuesday.

“I took [Trump] on when it mattered the most, and I’m ready to do it again,” she said in a campaign video posted on YouTube. “It’s time to send some real courage to Congress.”

The former Republican, who was also a member of the White House’s coronavirus task force, resigned before the presidential election in2020. She became a vocal critic of Trump’s attitude toward the coronavirus pandemic and appeared in an ad for Republican Voters Against Trump to share those criticisms.

In her launch video, Troye said “the evil I saw in that White House was staggering.”

“Too many families are struggling to get by while Washington looks the other way,” she said. “I won’t because I’ve lived it. Virginia deserves someone who’s been through the fire, who isn’t afraid to fight for our freedom, for our values, for our future.”

Troye, the daughter of a Mexican immigrant, worked in the Pentagon during the George W. Bush administration, as an intelligence officer in the Department of Homeland Security and as an adviser for then-Vice President Mike Pence.

Details of Troye’s run depend in part on a vote planned April 21 in Virginia, Politico reported. If voters approve a redistricting measure in that vote, she’ll run in the state’s 7th Congressional District, while Rep. Eugene Vindman, D-Va., will run in the 1st Congressional District.

April 14 (UPI) — Kevin Warsh, the presidential pick for the next Federal Reserve chairman, has wealth greater than any other recent chairman, his financial disclosures released Tuesday show.

The filings were part of the usual consideration process for the role. Warsh, if confirmed, would succeed current Chairman Jerome Powell, whose second term ends May 15. A Senate hearing on the matter is expected to take place April 21.

CNBC reported that Warsh’s disclosure forms show that the nominee has about $192 million in assets in combination with his wife, Jane Lauder, who is an heir to the Estee Lauder fortune. Warsh’s solo assets equal about $135 million to $226 million. These numbers show a large range because they can include variable items such as bonds, stocks and other assets.

By comparison, Powell’s financial filings for 2025 showed assets of between $19 million and $75 million, while former Chairman Ben Bernanke, who left office in 2014, submitted filings that year of about $2.3 million in assets, CNBC reported.

If the Senate confirms Warsh, he has said that he will divest a large amount of assets, of which about 1,800 were listed in the forms. Some of these were undisclosed because of cited “preexisting confidentiality agreements,” The New York Times and CNBC reported.

Warsh, who served as a governor at the Federal Reserve from 2006 to 2011, also said that he would resign posts such as his role as financial adviser to investor Stanley Druckenmiller, as well as several other positions including a board seat at UPS.

Warsh will face the Senate Banking Committee in the planned hearing before a full Senate vote. However, an ongoing Department of Justice investigation into Powell has further complicated matters. Sen. Thom Tillis, R-N.C., a member of the Senate Banking Committee, has said he will not vote on Warsh or any other nominee for the role until the investigation is completed.

April 14 (UPI) — Ecuador’s government will formally accept the Coca Codo Sinclair hydroelectric plant this week, nearly a decade after technical disputes first delayed final delivery of the Chinese-built facility.

The handover follows resolution of an international arbitration dispute with Sinohydro, a subsidiary of PowerChina, over structural defects at the plant.

Ecuadorian Environment and Energy Minister Ines Manzano said the transfer will proceed under guaranteed conditions, allowing immediate operation and maintenance of the infrastructure.

Since the plant began partial operations in 2016, Ecuador and the Chinese contractor remained locked in a legal dispute over major structural flaws that prevented final acceptance of the project.

A 2018 report by Ecuador’s comptroller identified more than 7,600 cracks in the plant’s eight water distributors — key components that channel water to the turbines, local newspaper La Hora reported.

Subsequent technical reports and audits raised that figure to more than 17,000 cracks, fueling concerns over material quality, welding processes and possible design flaws.

The comptroller’s office warned the defects pose serious risks, including possible flooding of the powerhouse, total shutdown of the plant and danger to workers.

After Sinohydro declined to undertake permanent repairs, Ecuador took the dispute to the International Chamber of Commerce’s arbitration court.

The dispute was resolved through a financial and operational agreement under which Ecuador will receive $400 million in compensation. The government will next sign an operation and maintenance contract with PowerChina requiring the company to repair damage and replace defective water distributors, local newspaper El Comercio reported.

Separate from the structural issues, the facility also faces a broader environmental threat from regressive erosion of the Coca River, a geological process that has altered the surrounding area since the plant entered service.

The erosion has advanced toward the plant’s water intake structures, prompting the government to carry out emergency work that includes construction of permeable dams to slow the river’s force and retain sediment at a cost of $19 million.

The Coca Codo Sinclair plant is Ecuador’s largest and most strategic power generation facility.

With installed capacity of 1,500 megawatts, it supplies about 30% of Ecuador’s electricity demand on average and can account for more than half of the country’s hydropower generation during peak operations.

According to Infobae, the Coca Codo Sinclair case has become a symbol for analysts citing problems in Chinese-financed infrastructure projects across Latin America.

The plant was built with loans from the Export-Import Bank of China during the administration of Rafael Correa and has been at the center of investigations into alleged corruption tied to its contracting.

April 14 (UPI) — Los Angeles schools will not close for a strike after the district reached a deal with the third and final union Monday evening.

Hours before the 2 a.m. PDT strike deadline, the district announced it had struck a deal with the Service Employees International Union Local 99, which represents 30,000 custodians, food workers, special education assistants and bus drivers.

LAUSD announced on its website that schools would be open Tuesday.

“We are proud to have reached resolution with all of our labor partners, UTLA, SEIU, and AALA Teamsters Local 2010, ensuring stability for our schools and continuity for the students and families we serve,” Acting Superintendent Andrés E. Chait said.

The district had already reached tentative contract agreements with the unions that represent teachers and administrators over the weekend. Those unions were prepared to strike with the SEIU members if an agreement wasn’t made.

“We are pleased to announce that we have reached an agreement in principle with SEIU Local 99 that will allow schools to be open today,” the district said in a statement. “LAUSD and SEIU teams will continue to work together to finalize the details of a tentative agreement.”

According to SEIU Local 99, the deal includes a 24% wage increase; more work hours ensuring health insurance benefits; rescinding layoffs for IT professionals; expansion of health care benefits for teacher assistants, after-school workers and others; and no subcontracting to outside vendors.

The SEIU must still vote to ratify the deal.

“This agreement was won through the bold action and courage of thousands of workers who were willing to sacrifice to improve conditions in their schools and their lives,” SEIU Local 99 Executive Director Max Arias said. “A strike was always the last resort, and we are proud that we could work with the school district and [Los Angeles] Mayor Karen Bass to reach an agreement that recognizes the contributions of front-line workers in our schools.”

Bass said on Instagram that she worked with both sides to help them find a deal “because a strike would disrupt the lives of hundreds of thousands of kids and their parents, who need childcare and need to go to work.”

Associated Administrators Los Angeles, which represents about 3,000 administrators, reached an agreement with the district Sunday night. United Teachers Los Angeles, the union representing its roughly 35,000 educators, reached an agreement earlier in the day.

The three unions represent about 70,000 LAUSD employees, who serve about 400,000 students.

Follow the build-up and live text commentary of the game as Barcelona look to come back from 2-0 first leg defeat.

SEOUL, April 14 (UPI) — South Korea’s LS Electric said it secured a contract worth $115 million to supply power infrastructure for a large-scale data center in the United States.

Under the deal, the Seoul-based power solutions provider will deliver switchgear and distribution transformers.LS Electric did not disclose the identity of its customer.

The agreement, announced Monday, came as demand for data center infrastructure accelerates alongside the growing adoption of artificial intelligence services, which are driving a sharp increase in electricity consumption.

Power consumption at the global data centers surpassed 400 terawatt-hours in 2024, a level comparable to that of a sizable country, according to the International Energy Agency. The figure is projected to more than double by the end of the decade.

LS Electric forecasts that the North American infrastructure market for data centers will grow at a compound annual growth rate of 6.7%, expanding to $23.5 billion in 2031 from $15.8 billion last year.

To target the market, LS Electric operates two production hubs in the United States, MCM Engineering II in Utah and a campus in Texas.

“In line with the rapid expansion of hyperscale data centers, demand for power infrastructure is surging, and our technological capabilities are being recognized in the global market,” LS Electric said in a statement.

“We will strategically expand our data center power business in North America as a base to strengthen our market leadership,” it said.

The share price of LS Electric soared 13.71% on the Seoul bourse on Monday. It rose 3.57% on Tuesday.

April 14 (UPI) — The Liberal Party of Canada won three of three byelections on Monday to give Prime Minister Mark Carney a majority in the House of Commons.

Liberal candidates needed just one election win out of the three races, two in Ontario and a third in Quebec, to gain a majority. The sweep gives the Liberals 174 out of 343 seats in the House of Commons.

Doly Begum in Scarborough-Southwest, Danielle Martin in University-Rosedale and Tatiana Auguste in Terrebonne won seats in the House of Commons for the Liberal Party.

The victories will allow Carney to pass legislation without needing votes from opposition parties.

“Tonight, voters have placed their trust in our new government’s plan,” Carney said in a statement on social media. “We accept that support with humility, determination and a clear understanding of what this moment demands.

Conservative candidates drew smaller vote shares on Monday than they did in the last general election. The candidate in the Scarborough-Southwest riding, a district that has previously favored liberal candidates, received about 18% of votes. The Conservative Party of Canada received about 30% of the votes in the district last year.

Another conservative candidate, Adrienne Charles, received 3% of the vote in the Terrebonne riding in the Montreal area. She received more than 18% of the vote in last year’s federal election.

Defections from opposition parties have also bolstered the liberal majority. Four conservatives and a member of the New Democratic Party have left their parties to join the Liberal Party in the past five months.

“The Carney Liberals did not win a majority government through a general election or today’s byelections,” opposition leader Pierre Poilievre said on social media. “Instead, it was won through backroom deals with politicians who betrayed the people who voted for them.”

SEOUL, April 14 (UPI) — South Korea’s LG AI Research said Tuesday that it will work with local brokerage Kiwoom Securities and London Stock Exchange Group to develop AI agent services for retail investors.

Under the contract, the three parties aim to provide stock-specific forecast scores alongside easy-to-understand explanations on Kiwoom’s retail trading platform. They also plan to introduce AI-powered wealth management services.

Toward that end, LG AI Research plans to leverage its EXAONE-Business Intelligence system. LG said the system is built on four specialized AI agents — AI journalist, AI economist, AI analyst and decision-maker.

They are intended to collect real-time data, analyze it to forecast market trends and generate reports before evaluating various scenarios to produce final scores for stocks.

Established in 2020 as an affiliate of LG Group, LG AI Research focuses on developing cutting-edge AI technologies and addressing related challenges.

“For financial AI agents, explainability and reliability are just as crucial as accuracy,” LG AI Research chief Lim Woo-hyung said in a statement.

“EXAONE Business Intelligence is evolving into a practical AI system that supports human judgment as expert agents collaborate to perform tasks ranging from analysis and forecasting to report preparation,” he said.

London Stock Exchange Group senior executive Nicolas Falmagne said the three-way alliance would mark a turning point in creating greater value across the entire financial ecosystem.

LG AI Research is not publicly listed. The share price of LG Group’s holding company, LG Corp., edged down 0.11% on the Seoul bourse Tuesday. Those of Kiwoom Securities rose 4%.

April 14 (UPI) — The founder and former chairman of Chinese property giant China Evergrande Group pleaded guilty Tuesday to a slew of charges, including embezzlement, securities fraud and corporate graft at a trial in the southern city of Shenzhen.

Hui Ka Yan admitted “illegally absorbing public deposits” where buyers’ down payments on apartments off-plan were used to fund hundreds of other projects in the case in which Evergrande Real Estate Group also faced a similar set of charges, the Intermediate People’s Court of Shenzhen said in a statement online.

Evergrande took in millions of dollars from buyers that, instead of being used to complete the properties they were purchasing, were diverted to new developments, the court heard.

Hui also admitted fundraising fraud, illegal issuance of loans and unauthorized disclosure of “important information” during the high-profile two-day trial, which was attended by deputies from the National People’s Congress, the Chinese People’s Political Consultative Conference of which he was once a standing committee member, and investors.

The court statement said China Evergrande Group and Evergrande Real Estate Group were also indicted on charges of illegally collecting public deposits, fundraising fraud, illegal issuance of loans and fraudulent issuance of securities.

The downfall of the business tycoon, once Asia’s richest with a net worth of more than $42 billion, began in 2021 when the property empire he founded 25 years earlier collapsed after a massive Chinese property bubble burst, leaving 1,300 half-finished Evergrande developments financed with $300 billion of debt.

Hui was placed under house arrest in September 2023, prompting the suspension of trading in Evergrande shares by market regulators across the border in Hong Kong, only a month after trading had resumed following a 17-month suspension.

The company was also the subject of a winding-up petition in a Hong Kong court brought by creditors and had sought protection from being made bankrupt in the United States in a New York court the previous month.

Hong Kong regulators initially suspended Evergrande for failing to issue financial results for two years. When it did report in July 2023, it said it had lost $81.1 billion total in 2021 and 2022, mostly through payments to suppliers and lenders, as it battled to finish thousands of housing projects across 280 Chinese cities.

In January 2024, after repeated reprieves to allow it time to come up with a viable plan to restructure liabilities that had by then grown to at least $325 billion, the court in Hong Kong placed Evergrande into liquidation.

Hui was handed a $6.5 million fine in March 2024 for Evergrande, stating in its results that revenue was $78 billion more than it actually was and was handed a lifetime ban from participating in China’s capital market.

The final blow came in August 2025 with the delisting by regulators of Evergrande shares from the Hong Kong Stock Exchange, almost 16 years to the day after it was the most oversubscribed IPO of 2009 with a valuation in excess of $50 billion.

The ban was imposed after an 18-month deadline for Evergrande stock to resume trading passed the previous month, with the company opting not to appeal the decision.

Hui had led a 15-year drive to grow Evergrande into one of China’s largest businesses, spending billions expanding into tourism and recreation, healthcare, finance, EV manufacturing and infrastructure, entertainment and agribusiness.

In 2020, it began work on a new $1.7 billion, 100,000-seat stadium for Guangzhou FC, the soccer club it had purchased 10 years earlier.

However, the company’s growth was delivered through massive borrowing, much of it highly leveraged, with the result that six years on the stadium, like many of Evergrande’s projects, it remains incomplete after it was seized by the government in November 2021.

April 14 (UPI) — Authorities in the Bahamas have released the 58-year-old American man detained last week in the investigation into missing American Lynette Hooker.

The man, Lynette Hooker’s husband, Brian Hooker, was released Monday, the Royal Bahamas Police Force said in a statement that only identified the individual by his age and nationality.

“The decision to release the individual was made following consultation with the Department of Public Prosecutions, which recommended that no charges be filed at this time pending the outcome of further investigation,” the police force said, without identifying the suspect.

Brian Hooker’s lawyer, Terrel Butler, had said the authorities had until 7:20 p.m. EDT Monday to decide whether to charge his client, who has been in police custody since he was detained shortly after 7 p.m. Wednesday.

According to police, Brian Hooker reported his wife missing early on April 5. He told investigators that he and his wife had departed Hope Town at around 7:30 p.m. the evening before for Elbow Cay aboard an 8-foot hard-bottom dinghy.

During the journey, his wife fell overboard with the boat keys in her possession, causing the vessel’s engine to cut off. Strong currents carried the woman away, he allegedly said, according to police.

Brian Hooker reported her missing after paddling the dinghy back to shore.

When he was taken into police custody last week, police incorrectly stated the suspect’s age as 59.

Russian Foreign Minister Sergey Lavrov has arrived in Beijing as the United States blocks the Strait of Hormuz, through which China imports about a third of its oil supplies.

Lavrov received a red-carpet welcome on Tuesday, according to photos shared by Russia’s Ministry of Foreign Affairs.

Beijing and Moscow have condemned the US and Israel over their war on Iran, with China also being economically affected by the energy crisis it has caused.

China, a big importer of Iranian oil, also slammed a recently imposed US scheme to blockade vessels entering or departing Iranian ports and coastal areas, including in the Gulf and the Gulf of Oman.

“The Strait of Hormuz is an important international trade route for goods and energy, and maintaining its security, stability, and unimpeded flow is in the common interest of the international community,” China’s Ministry of Foreign Affairs spokesman Guo Jiakun said on Monday.

Lavrov speaks to Araghchi

Al Jazeera’s Alan Fisher, reporting from Washington, DC, said the US’s goal is to choke Iran off by blocking everything coming in and out of Iranian ports.

“What the US hopes is that there’ll be pressure on Iran from some of its main business partners, including China,” he said, adding that Beijing imports about a third of its oil from Iran. “The United States is hoping that pressure on China will mean China putting pressure on Iran and forcing Iran to get back to the negotiating table.”

On Monday, Lavrov held a telephone conversation with his Iranian counterpart, Abbas Araghchi.

The top Russian diplomat told  Araghchi it was important to guard against any resumption of hostilities in the Middle East, and said Russia stood ready to help with a settlement, according to a statement by the Russian Foreign Ministry.

“S Lavrov emphasised the importance of preventing a recurrence of armed confrontation and once again confirmed Russia’s unwavering readiness to assist in resolving the crisis, which has no military solution,” the ministry said.

It added Araghchi related to Lavrov details of US-Iran talks in Pakistan at the weekend, which failed to reach a breakthrough.

Beijing and Moscow are close economic and political partners, and the relationship has deepened further since Russia’s full-scale invasion of Ukraine in 2022.

Wang also held a call with Lavrov on April 5, when they agreed that Beijing and Moscow would work together to de-escalate tensions in the Middle East.

Diplomacy traffic in Beijing

China welcomed a string of leaders of countries that have been affected by the war and its economic fallout this week, including Spanish Prime Minister Pedro Sanchez and United Arab Emirates President Mohamed bin Zayed Al Nahyan, also known as MBZ.

Chinese President Xi Jinping met MBZ and Sanchez on Tuesday morning, and Vietnamese President To Lam is expected in China for a four-day trip.

“I think what this really speaks to is that many people around the world have been surprised that China has not played a more active role in the Iran war, given it has such strong ties with Tehran, including as Iran’s largest trading partner and buyer of crude oil,” Al Jazeera’s Katrina Yu, reporting from Beijing, said.

“But what China has been doing, besides calling for restraint and more negotiation, is taking advantage of this moment to really look at states that may be a little disenchanted with the US or looking to diversify from reliance on Washington,” Yu said.

“China has presented itself as the opposite of Washington – a reliable, stable and predictable partner. For many states, that message really appeals.”

Trump’s threats after ‘fabricated’ reports

Trump, who is scheduled to visit Beijing next month for talks with Xi, said on Sunday he would hit China’s goods with a 50 percent tariff if it provided military assistance to Tehran.

His comments came the same day CNN reported that US intelligence indicated China was preparing to deliver new air defence systems to Iran within the next few weeks, quoting three people familiar with the assessments.

On Tuesday, Chinese Foreign Ministry spokesman Guo said those reports were “completely fabricated”.

“If the US insists on using this as an excuse to impose additional tariffs on China, China will definitely take resolute countermeasures,” he said.

South Korean stocks rose nearly 3 percent Tuesday to inch toward the 6,000-point mark on hopes for renewed negotiations between Washington and Tehran. The local currency sharply gained against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 159.13 points, or 2.74 percent, to close at 5,967.75, after reaching as high as 6,026,52.

The index swerved over and under the 6,000-point mark, marking the first such move since March 3, when the index traded at 6,180.45, the first trading day after the United States and Israel carried out air strikes on Iran on Feb. 28.

Trading volume was moderate at 881.9 billion shares worth 26.7 trillion won (US$18 billion), with gainers beating losers 669 to 197.

Foreigners and institutions scooped up a net 830 billion won and 1.25 trillion won, respectively, while individuals sold a net 2.4 trillion won.

The U.S. military began a blockade of the Strait of Hormuz on Monday after a breakdown of weekend talks in Islamabad, Pakistan, between Washington and Tehran.

However, Donald Trump said Iran wants to reach a deal with the U.S., raising hopes that the two sides could return to negotiations.

“Investors anticipate a second round of peace talks between the U.S. and Iran after Trump’s comments,” said Kang Jin-hyuk, an analyst at Kyobo Securities. “The Wall Street Journal also reported that the two sides have exchanged detailed terms on uranium enrichment, raising further hopes for a deal.”

Tech and financial shares led the rally.

Tech giant Samsung Electronics rose 2.74 percent to 206,500 won and SK hynix jumped 6.06 percent to 1.1 million won ahead of its first-quarter earnings report next week.

Major banking group Hana Financial Group increased 0.67 percent to 120,800 won and Samsung Fire & Marine Insurance added 3.82 percent to 489,500 won.

Top carmaker Hyundai Motor advanced 2.72 percent to 491,500 won and major gamemaker NC climbed 3.97 percent to 248,500 won.

Leading mobile carrier SK Telecom gained 3.24 percent to 95,500 won and retail giant Shinsegae rose 1.02 percent to 346,500 won.

However, defense shares went south as industry leader Hanwha Aerospace fell 0.46 percent to 1.52 million won and LIG D&A, formerly LIG Nex1, declined 0.53 percent to 934,000 won.

The local currency was quoted at 1,481.2 won against the greenback as of 3:30 p.m., up 8.1 won from the previous session.

Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys fell 4.3 basis points to 3.339 percent, and the return on the benchmark five-year government bonds dropped 3.5 basis points to 3.519 percent.

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SEOUL, April 14 (UPI) — North Korean leader Kim Jong Un oversaw the test-firing of strategic cruise missiles and anti-ship missiles from a 5,000-ton naval destroyer, state media reported Tuesday, as he called bolstering nuclear deterrence the country’s “most important priority task.”

The North’s Choe Hyon destroyer launched two cruise missiles and three anti-ship missiles at island targets in the Yellow Sea on Sunday, the official Korean Central News Agency said.

The cruise missiles flew for roughly two hours and 12 minutes before striking their targets, KCNA said, while the anti-ship missiles flew for about 33 minutes.

The test was “aimed at checking the launching control line of the warship’s integrated weapon commanding system … as well as confirming the accuracy and the rate of hits of the improved active anti-jamming navigation system,” KCNA reported.

Pyongyang described the cruise missiles as “strategic,” a term it typically uses for systems capable of carrying nuclear warheads.

Kim observed the test-firing alongside senior defense officials and naval officers, KCNA said. Images published by state media showed Kim and the officials watching from an unspecified pier.

KCNA quoted Kim as saying the North’s “most important priority task [is] to steadily and unlimitedly bolster up the powerful and reliable nuclear war deterrent.”

“He clarified the important tasks for further strengthening the strategic and tactical attack capability, a key component of the nuclear war deterrent,” KCNA added.

Kim observed a pair of similar test launches last month, involving cruise missiles only.

Sunday’s expanded test may indicate the destroyer is nearing deployment, an official from South Korea’s Unification Ministry told Yonhap News Agency and other local reporters.

“It appears to be a final check of the weapons system if the test took place before the delivery of the Choe Hyon to the Navy,” the official said.

Pyongyang launched the Choe Hyon, its first 5,000-ton destroyer, last April, as Kim called for strengthening the country’s naval capabilities. Photos released by state media show the ship’s missile and radar systems resembling those found on Russian vessels, prompting speculation that Pyongyang received technical assistance from Moscow.

North Korea has deployed troops, artillery and weapons to support Russia’s war in Ukraine and is believed to be receiving financial support and advanced military technology in return.

A second destroyer, the Kang Kon, suffered an accident during its launch ceremony last year that left it listing on its side before it was repaired and relaunched in June.

KCNA said Kim was also briefed on plans for the weapons systems of two more destroyers currently under construction.

South Korean Rep. Yoo Yong-won of the People Power Party said earlier this month that commercial satellite imagery showed North Korea accelerating construction of a new warship at a shipyard in the western port city of Nampho.

“North Korea appears to be accelerating the modernization of its navy on the back of military technology assistance from Russia,” Yoo said.

Kim Jong Un has ordered a third 5,000-ton destroyer to be completed by Oct. 10, the anniversary of the founding of the ruling Workers’ Party of Korea.

April 14 (UPI) — Federal authorities have charged the 20-year-old Texas man who police arrested after a Molotov cocktail was thrown at the San Francisco home of OpenAI CEO Sam Altman.

The criminal complaint filed Monday in the U.S. District Court for the Northern District of California charges Daniel Moreno-Gama of Spring, Texas, with possession of an unregistered firearm and attempted damage to and destruction of property by means of explosives.

If convicted, Moreno-Gama faces between five and 20 years’ imprisonment for the first count and a maximum of 10 years for the second.

The incident occurred early Friday, when, shortly after 4 a.m., officers of the San Francisco Police Department were dispatched to Altman’s North Beach residence, where a suspect threw an “incendiary destructive device” at the home, causing a fire to an exterior gate before fleeing on foot.

Police arrested the suspect less than an hour later after he allegedly threatened to burn down OpenAI’s headquarters, located nearby in the 1400 block of 3rd Street.

The complaint states the Molotov cocktail was thrown at the residence at 3:37 a.m. Friday, with the incident caught on surveillance cameras.

Stills from the footage included in the complaint show a male holding what appears to be a lit Molotov cocktail in his hand and then, from about 10 feet away, winding up and throwing the flaming item at the barred gate before leaving the scene.

At about 5 a.m. the suspect is seen outside OpenAI’s headquarters using a chair to strike the glass doors, according to the complaint. The filing does not name the company or Altman, though it includes stills from surveillance footage of the suspect, dressed in black, smashing glass doors with a blue outdoor chair.

Security personnel at the facility are cited in the complaint stating Moreno-Gama was at the building “to burn it down and kill anyone inside.”

Police who responded to the scene and arrested Moreno-Gama recovered incendiary devices, a jug of kerosene and a blue lighter, the complaint states.

Officers also confiscated a document that was in the suspect’s possession. The complaint alleges it is a three-part series authored by Moreno-Gama, expressing his opposition to artificial intelligence as well as to the executives of various AI companies, including Altman, who is referenced in the document as “Victim-1.”

“Also if I am going to advocate for others to kill and commit crimes, then I must lead by example and show that I am fully sincere in my message,” reads the first section of the document, which federal authorities allege was written by Moreno-Gama.

The document “further listed the names and addresses of apparent board members and chief executive officers of AI companies and investors,” the complaint states, adding that the second part of the document was titled “Some More Words on the Matter of our impending extinction.

The third section was a letter addressed to “Victim-1.”

“If by some miracle you live, then I would take this as a sign from the divine to redeem yourself…” it states, according to the complaint.

U.S. Attorney Craig Missakian for the Northern District of California said in a statement Monday that his office is only at the start of its investigation, but he will treat the case as “an act of domestic terrorism” if the evidence shows the suspect attempted to change public policy through his actions.

“We will not tolerate any attempt to change the way Americans live and work through fear of violence,” Missakian said.

Altman and his OpenAI company are at the center of public debate over artificial intelligence, and both have become lightning rods for controversy about the future of the technology.

OpenAI and other AI companies have faced criticism and protests from activist organizations that argue the rapid development of AI is reckless and could pose severe risks, including by contributing to human extinction.

Altman identified himself as the victim in a blog post published Friday night. In the post, he called for a de-escalation in the rhetoric surrounding AI.

“A lot of the criticism of our industry comes from sincere concern about the incredibly high stakes of this technology. This is quite valid, and we welcome good-faith criticism and debate,” he said.

“I empathize with anti-technology sentiments and clearly technology isn’t always good for everyone. But overall, I believe technological progress can make the future unbelievably good, for your family and mine.”