NORTH KOREA RUSSIA TRADE COOPERATION
PM Modi speaks to Ukraine President Zelenskyy, reiterates India's support for dialogue and diplomacy to end conflict
Prime Minister Narendra Modi spoke with Ukrainian President Volodymyr Zelenskyy over the phone, during which they discussed the ongoing conflict and bilateral ties. Modi reiterated India's support for resolving the conflict through dialogue and diplomacy and offered to contribute to peace efforts.
South Korea says Nvidia issues won't affect contracted GPU supplies
Vice Minister of Science and ICT Ryu Jemyung told a parliamentary budget committee that 10,000 GPUs funded under a 2025 supplementary budget had already arrived and were in use.
US Treasury sanctions Canadian money services firms over Iran-related transactions
US Treasury imposed financial sanctions on eight Canadian money services firms involved with sanctioned Iranian entities. The sanctions block access to dollar-based financial systems and prohibit transactions with US persons. Secretary of the Treasury Scott Bessent stated that Canada cannot provide safe havens for illicit financial facilitators. Additionally, MEXC Global, a virtual currency exchanger, was cut off from the US financial system.
Trump could woo North Korea after midterm setback, but Kim may not respond
Following an unfavorable midterm election, Trump may pivot towards foreign policy engagement with North Korea, as analysts suggest this could fortify his legacy. Nevertheless, the North seems disinclined to reciprocate Trump's overtures, and regional partners, including South Korea and Japan, are apprehensive about being excluded from talks with Kim Jong Un. The intricate dynamics of the situation are likely to hinder productive discussions moving forward.
Chinese President Xi Jinping likely to skip ASEAN Summit in Manila: Report
The Philippines' Department of Foreign Affairs (DFA) shared this information on Wednesday while responding to reports about Xi's expected absence from the annual summit, which the Philippines is hosting this year.
Donald Trump's political humbling after US midterms signals short-term gain, long-term pain for China
Donald Trump's US midterm election defeat could strengthen China's hand in upcoming US-China trade negotiations, giving Beijing leverage to push for tariff reductions and other concessions. However, Beijing remains wary of a potentially more hawkish US administration after Trump. China's concerns include Taiwan arms sales, a possible Iran war escalation, energy security and the future of its fragile trade truce with Washington.
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Trump's midterm defeat dims hopes of North Korea meeting
A meeting between Donald Trump and Kim Jong Un seems less likely following Trump's midterm election defeat. Analysts believe Kim has less incentive to engage with Trump in the current political environment. North Korea's leadership expresses reluctance to resume dialogue, citing distrust toward the US government. The ongoing nuclear ambitions of North Korea add complexity to potential negotiations between the two leaders.
2026 US election results: Who is Roy Cooper? Democrat and two-term governor defeats Michael Whatley in North Carolina Senate race, flipping a key seat for his party
Roy Cooper, a two-term governor and popular candidate, has defeated Michael Whatley in a recent Senate race. This victory is notable for the Democratic Party, which has not held this seat since 2008. Cooper focused on economic issues, appealing to voters dissatisfied with the current administration. Whatley, backed by Donald Trump, campaigned on conservative values but could not secure the win.
Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla has marketed Full Self-Driving (Supervised) software to prospective buyers in South Korea for years, often collecting lump-sum payments of 9.043 million won ($6,726).
Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla is facing a consumer complaint in South Korea over allegedly misleading customers by selling its Full Self-Driving (FSD) software to buyers whose vehicles cannot legally use it. The software, which was sold for a one-time payment of 9.043 million won ($6,726), is compatible with only about 20% of Tesla cars registered in the country, mainly US-made models.
India-Russia ties rooted in centuries of people-to-people contacts: Russian diplomat
India and Russia have maintained a strong friendship that has survived changing global geopolitical landscapes over time. Russian diplomat Petr Sizov emphasised the historical significance of the relationship and its cultural exchanges. Notable cultural connections include the admiration Mahatma Gandhi had for Russian writer Leo Tolstoy despite their never having met. The Russian Embassy plans to host several cultural events to celebrate their 80-year diplomatic relationship.
Binance co-CEO says company is in very strong financial health after $6.3 billion heist
Teng told a Hong Kong Fintech Week event Binance's hourly inflows and outflows had "pretty much normalised" and 95% of the affected tokens had been replenished.
Asian companies to ramp up investments in US amid supply-chain shifts
Citi expects investments by South Korean, Japanese and Taiwanese companies in the US to rise as global supply chains shift. The bank also sees growing cross-border business flows involving India and China, creating opportunities in transaction banking and financial services.
'A trite provocation': North Korea denies involvement in $6 billion Binance hack, criticizes FBI probe
North Korea has rejected the claims of its involvement in the recent Binance cryptocurrency theft exceeding USD 6 billion. The FBI had accused North Korean hackers of orchestrating the heist, linking it to previous cyber incidents. Kim Yo Jong noted that the US has a history of making such accusations against North Korea.
Binance’s $6.3 billion hack dwarfs Bybit's $ 1.5 billion breach: Is cryptocurrency theft getting bigger?
Binance has recently reported a major security breach impacting approximately $6.3 billion in digital assets. After the hack, the exchange temporarily suspended withdrawals while assessing their security systems. Hackers allegedly linked to North Korea have raised concerns about the effectiveness of security measures in cryptocurrency exchanges. Investigators are working to trace the stolen funds and recover as many assets as possible.
Binance sees outflows stabilising as exchange returns online after $6.3 billion heist
Binance customers pulled $3.64 billion, or 2.1% of its assets, as the world's biggest cryptocurrency exchange resumed service after a security breach linked to North Korea saw $6.3 billion stolen from the platform last week.
Binance sees net outflows of $3.64 billion after resumption of withdrawals
On November 1, Binance reported net outflows of around $3.64 billion as withdrawals resumed after a pause. During this period, withdrawal volumes reached over $4.64 billion while deposits amounted to $1.01 billion. The exchange stated that the percentage of outflows represented 2.1% of its total assets. Despite the large outflows, Binance highlighted that deposit volumes remained substantial and withdrawal volumes began to stabilize.
Binance to resume withdrawals after recovering bulk of $6 billion in stolen funds
Binance has announced the resumption of cryptocurrency withdrawals after recovering a significant portion of stolen assets. The exchange has identified a North Korean unit behind the theft and is actively working to recover remaining tokens. Law enforcement agencies are tracking the laundering of stolen assets into cryptocurrencies. Binance has committed to covering the financial losses incurred due to the hack.
FBI says North Korea behind $6 billion crypto theft from Binance
The FBI reported North Korea's involvement in a significant cyber heist from Binance. Binance announced that it is covering the losses with over $6.34 billion in company funds. Following the attack, the cryptocurrency market experienced a notable decline in prices, impacting major coins. The hackers, identified as TraderTraitor, are also linked to previous thefts and the notorious Lazarus Group.
North Korean hackers linked to crypto thefts among world's best, experts say
Blockchain investigation firms TRM Labs and Chainalysis attribute the heist to a North Korean hacking group known as "TraderTraitor," a name used in a 2022 joint warning from the FBI, CISA and US Treasury that described how hackers used malicious software and other tricks to target software developers and IT staff at cryptocurrency companies.
Jaishankar's Atlanta diplomacy: Quad meeting and several bilaterals on G20 sidelines
External Affairs Minister S Jaishankar has a busy schedule during the G20 Foreign Ministers' Meeting in Atlanta. He is expected to engage in discussions with multiple foreign ministers on trade, defense, and energy. Meetings with Canada and Brazil are crucial for redefining relationships and securing resources. Jaishankar will also address India's partnerships with European and East Asian nations.
Trump says US is investigating North Korea over $6.3 billion crypto exchange Binance hack: What traders need to know
Binance hack: President Donald Trump said the US is investigating a possible North Korean link to the $6.3 billion Binance hack, while the exchange pledged to cover losses and confirmed billions in assets had been frozen. Bitcoin fell to around $77,000 as the incident weighed on cryptocurrency prices.
South Korea to respond firmly to North Korean breaches of border, security aide says
South Korea plans to respond firmly to protect its military border amid rising tensions with North Korea. After a landmine blast injured South Korean soldiers, the UN Command stated that it violated the armistice. Seoul demanded North Korea to halt fortification work near the inter-Korean border as it escalated tensions. Kim Yo Jong announced plans to activate anti-South Korean propaganda loudspeakers along the border.
Germany's Merz says EU to shape better offer as global trade order comes under pressure
German Chancellor Friedrich Merz has stated that the European Union will lead in shaping free trade offers. He highlighted the significance of international trade for many countries in terms of prosperity. During his Asia tour, Merz met with South Korean President Lee Jae Myung to enhance security partnerships. There were agreements signed between South Korean and German companies to support various sectors.
Kim Jong Un calls for rapid expansion of drone technology and observes weapons tests
North Korean leader Kim Jong Un has called for a rapid expansion of the country's drone technology and oversaw tests of drones, missiles and other weapons, state media reported. The developments come amid rising tensions with South Korea following recent border incidents and renewed weapons activity. Kim's push to strengthen unmanned technology also comes as North Korea seeks to improve its military capabilities and potentially gain leverage in future talks with the US.
North Korea fires missile barrage toward the sea as tensions with South rise
In a show of defiance, North Korea has test-fired nearly 10 short-range ballistic missiles into the sea off its eastern shores amid rising frictions with South Korea. This move follows North Korea's threats to revive propaganda efforts and introduce new military assets to the region. Kim Jong Un recently strengthened ties with China, highlighting their support amid escalating tensions linked to past border disputes.
JAI - Japan, Australia, India: Rajnath Singh reaffirms close ties with Japan, Australia at meeting with counterparts
Defence Minister Rajnath Singh shared a picture with his Japanese and Australian counterparts, Shinjirō Koizumi and Richard Marles, with the caption “JAI: Japan, Australia, India”, underscoring cooperation among the three Indo-Pacific partners. On the sidelines of the 13th ASEAN Defence Ministers’ Meeting-Plus in Cebu, Singh held bilateral talks with both leaders to strengthen defence cooperation and coordination. He also invited Marles to attend Aero India 2027 in Bengaluru.
North Korean leader Kim Jong Un visits China, South Korean news agency reports
North Korean leader Kim Jong Un visited China, arriving in Dandong after crossing a newly opened bridge. This visit marks his first trip to China in over a year, following President Xi Jinping's visit to Pyongyang. Kim has focused on enhancing relations with China after previously prioritizing connections with Russia. The New Yalu River Bridge, which opened recently, facilitated Kim's arrival in the border city.
Kim Jong Un is making world's 'strongest' military: Nuclear weapons, AI-powered systems, hypersonic missiles & combat plan put North Korea in focus
North Korean leader Kim Jong Un urged his military to train to become the strongest in the world at a two-day meeting of company commanders in Pyongyang, state media said Saturday. The Pyongyang event, held Thursday and Friday, was aimed at developing a plan "to train the strongest armed forces in the world," Kim said, according to the official Korea Central News Agency (KCNA).
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