34 h. ago Wall Street slumps as hopes wane for tariff delays; US says it will implement 104% tariff on China – business live

US stock market swings wildly as investor hopes for concessions and delays on tariffs waxed then waned How ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Economics

40 h. ago Wall Street surges 3% as European markets rebound on trade deal hopes – business live

Rallies come as US Treasury secretary says he believes country can reach ‘some good deals’ with trading partnersHow ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Economics

41 h. ago Wall St set to rally as European markets rebound despite Trump and China trade threats – business live

Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmailHow ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Politics

52 h. ago China says it will ‘fight to the end’ after Trump threatens additional 50% tariffs – business live

Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmailTrump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Politics

5 d. ago South Korea’s impeached president sacked over illegal martial law

Hardline Yoon Suk Yeol lost his job over his illegal slapping of martial law on his country to flood the streets with troops and tanks - and tried to bar politicians from objecting to the dramatic move

Politics

5 d. ago South Koreans are celebrating Yoon’s impeachment, but the saga is far from over

Whoever becomes president later this year has unenviable task of healing divisions and rebuilding trust in democratic institutionsIt had been a long and at times intolerable wait. But the South Korean constitutional court’s decision on Friday to oust Yoon Suk Yeol from office may have restored the public’s faith in their democracy.For 22 minutes, millions of South Koreans held their breath as the chief justice of the constitutional court, Moon Hyung-bae, began delivering the court’s verdict on Yoon’s impeachment over his chaotic declaration of martial law in December. Continue reading...

Politics

5 d. ago 'I am heartbroken I did not meet your expectations': South Korean president apologises as he is finally ousted following disastrous bid to bring in martial law

Yoon, 64, was suspended by lawmakers over his December 3 attempt to subvert civilian rule, which saw armed soldiers deployed to parliament. He was also arrested on insurrection charges.

Politics

6 d. ago Yoon Suk Yeol impeached: celebrations as South Korea court votes unanimously to remove president from office – live

Thousands of people at Seoul rally calling for Yoon’s removal burst into cheers on hearing the constitutional court’s ruling, chanting ‘we won!’Report: South Korea president Yoon Suk Yeol removed from officeYoon violated his duty as South Korean commander-in-chief by mobilising troops, says Justice Moon, the constitutional court’s acting president says. The president’s martial law declarations violated parliament’s rights, he says as the ruling continues.Justice Moon says it is difficult to see the South Korean opposition’s actions as a severe national crisis to justify Yoon Suk Yeol’s martial law declaration, Reuters is reporting as he continues delivering the ruling. Continue reading...

Politics

6 d. ago South Korea’s Constitutional Court to rule on President Yoon's impeachment over martial law declaration

The ruling is expected to be made at 11am on April 4, with TV stations broadcasting the decision live

Politics

7 d. ago South Korea ‘at breaking point’ ahead of ruling on President Yoon’s impeachment

Barricades go up in Seoul as court prepares to rule on whether to uphold Yoon’s impeachment or restore his powers The usually quiet streets outside South Korea’s constitutional court in Seoul are now a political ground zero for a decision that will determine the country’s future.Months after Yoon Suk Yeol imposed martial law and triggered South Korea’s worst political crisis in decades, the court will on Friday decide whether to uphold the suspended president’s impeachment or return him to office. Continue reading...

Politics

9 d. ago A look at the events leading up to Constitutional Court’s ruling on South Korean President Yoon

Following months of deliberation, South Korea’s Constitutional Court will decide this week whether to uphold the legislature’s impeachment of President Yoon Suk Yeol over his brief imposition of martial law in December and formally remove him from office or restore his presidential powers

Politics

2 w. ago South Korean court reinstates prime minister Han Duck Soo as acting president after martial law crisis

Han thanks court for ‘wise’ decision to overturn his impeachment

Politics

3 w. ago Protests intensify as Yoon Suk Yeol impeachment ruling nears

With tensions running high, South Korea braces for the Constitutional Court’s ruling on president Yoon Suk Yeol’s impeachment

Events