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A new report reveals that Palantir paid just 1.4% in global effective tax, including no US federal income tax and only £2m in UK corporation tax, despite holding £670m in UK government contracts. The report, commissioned by Unison and published by CICTAR, highlights profit-shifting and tax breaks as key factors.
South Korea's trade minister has asked Britain to exempt its imports of Russian LNG from planned sanctions, warning that measures set to take effect in January 2027 could undermine Seoul's energy security. The request was made in a phone call with Britain's newly appointed trade minister, Anas Sarwar.
North Korea launched a short-range ballistic missile over the Sea of Japan on Thursday, prompting responses from Seoul, Tokyo, and Washington. The launch follows Pyongyang's criticism of Japan's military build-up and comes ahead of annual US-South Korea joint exercises.
Police in South Korea raided the offices of the Korea Football Association as part of an investigation into the appointment of former national team coach Hong Myung-bo. The probe focuses on allegations of irregularities, with Hong having resigned after the team's World Cup group-stage exit.
North Korea launched a short-range ballistic missile toward the East Sea on Thursday, according to South Korea's military. The launch, which occurred from the Wonsan area around 5 p.m., has been labeled a provocation by Seoul's presidential office. The event comes ahead of planned U.S.-South Korea military exercises and follows a similar test in June.
South Korean stocks fell sharply on Thursday, with the KOSPI closing down 4.58% as tech shares, led by Samsung Electronics and SK hynix, suffered heavy losses. The decline was attributed to lingering concerns over AI profitability and losses in U.S. chip stocks, while the local currency rose and the Dow hit a record high.
South Korea's Trade Minister Kim Jung-kwan said the US is expected to announce the results of a Section 301 investigation into excess industrial capacity by end of August. He emphasized efforts to keep tariffs within the 15% ceiling agreed under the Korea-US trade deal and called for flexibility in workweek rules for special economic zones.
Police in South Korea have requested arrest warrants for four student activists accused of trespassing on a U.S. air base. The activists, members of a progressive student union, allegedly infiltrated the Osan Air Base in Pyeongtaek, chanting anti-U.S. slogans. The incident has drawn attention due to the group's objections to U.S. military involvement in a semiconductor cluster project and a recent chemical leak at the base.
South Korea's Unification Minister Chung Dong-young has defended his ministry's push for peaceful coexistence with North Korea after President Lee Jae Myung urged caution. The initiative includes dropping the 'main enemy' label and using North Korea's official name, but has faced skepticism from the foreign minister and concerns about being too dovish.
Samsung Electronics will launch its new Galaxy Z foldable smartphone lineup, including the Galaxy Z Fold 8, Fold 8 Ultra, and Flip 8, in South Korea on Friday. Preorders for the series reached a record 1.44 million units, surpassing the previous record set by the Galaxy Note 10 in 2019. The devices are powered by Alphabet's Gemini AI and will roll out to more than 100 countries.
In a preseason friendly at Seoul World Cup Stadium, Manchester City defeated Team K League 3-1, with all goals coming in the first half. Despite missing stars Rodri and Haaland, Man City dominated early, but reserve goalkeeper Gu Sung-yun made several key saves in the second half to keep the score respectable. Gu expressed his delight at facing world-class players, while coach Chung Jung-yong praised his performance.
New Manchester City head coach Enzo Maresca praised his players' effort after a 3-1 preseason victory over Team K League in Seoul, marking his first win with the club. The match, played under a heat wave warning and without key stars Rodri and Haaland, drew an announced crowd of 28,306.
A stray SpaceX Falcon 9 upper stage crashed into the Moon near the Einstein crater on Wednesday, creating a new crater and throwing up a plume of dust. The accidental impact provides scientists with a rare chance to study lunar geology and the effects of space debris, while raising concerns about the growing amount of human-made objects in orbit.
Iraq's public employees face delayed July salaries as the country's oil exports plummet due to the closure of the Strait of Hormuz. With oil accounting for 90% of government revenue, Baghdad struggles to fund its $6.5 billion monthly wage bill, while officials warn of continued payment disruptions.
A SpaceX Falcon 9 upper stage is set to crash into the Moon, with the impact expected to carve a crater and send a plume of dust and rubble. Scientists are eager to observe the event, while raising concerns about space junk and lunar safety.
Kim Yo Jong, sister of North Korean leader Kim Jong Un, issued a military threat in response to Japan's test-firing of a US-made Tomahawk cruise missile, accusing Tokyo of abandoning its defensive posture. The statement, carried by state media KCNA, also criticized US support for Japan's military buildup and condemned security cooperation among the US, South Korea, and Japan.
The U.S. House has passed its fiscal 2027 National Defense Authorization Act with a provision barring the use of funds to cut U.S. Forces Korea troop levels below 28,500. The White House, through its Office of Management and Budget, has objected, saying the provision limits presidential decision-making authority.
South Korea's state weather agency issued additional serious heat wave warnings in the greater Seoul area, placing 43 percent of the region under the highest alert level. The move comes as the temperatures soar to record highs, with 2,221 heat-related hospitalizations and 19 fatalities reported since May 15.
North Korea has warned it will pursue additional military options in response to Japan's expanding defense capabilities, with Kim Yo-jong accusing Tokyo of reviving the ambitions of a 'war criminal state.' The statement, issued through state media, cites Japan's Tomahawk missile test and participation in U.S.-led drills as evidence of military expansion.
US stock markets surged to record highs on Monday and Tuesday, driven by strong corporate earnings and hopes for a deal to reopen the Strait of Hormuz. Oil prices fell sharply, while US and Iranian officials offered conflicting signals on the status of negotiations.