AP Business SummaryBrief at 7:39 a.m. EDT

Missing government data unlikely to sway Federal Reserve from rate-cut path WASHINGTON (AP) — The Federal Reserve is expected to cut its short-term rate Wednesday for the second time this year despite an increasingly cloudy view of the economy it...

Trump and China’s Xi meet face-to-face to try to solve months of trade tensions. Follow live updates.

Xi says US and China should be ‘partners and friends’ despite ‘frictions’ — 10:25 p.m. By the Associated Press The Chinese leader spoke for longer than Trump in his opening remarks, saying “it feels very warm seeing you again because it’s been...

North Korean Hackers Attacking Unmanned Aerial Vehicle Industry to Steal Confidential Data

North Korean state-sponsored hackers from the Lazarus APT group launched a cyberespionage campaign targeting European companies involved in unmanned aerial vehicle development. Starting in late March 2025, attackers compromised three defense...

S Korea announces lowering of tariffs as part of new US trade deal

Koh Ewe,Singapore and Kathryn Armstrong,London ShareSave The meeting comes as both countries are still trying to reach a trade deal The US and South Korea have reached a broad trade deal, both countries have said following talks between their...

Government shutdown could cost $14bn, congressional forecaster predicts

Government shutdown could cost $14bn, congressional forecaster predictsThe US government shutdown has temporarily slowed the economy, and while most of its ill effects will disappear once funding is reauthorized, between $7bn and $14bn in GDP will...

Trump optimistic about trade war truce

US President Donald Trump began the final leg of his Asia trip in South Korea today, optimistic about striking a trade war truce with Chinese President Xi Jinping and advancing an unresolved tariff deal with South Korea's Lee Jae Myung. Arriving...

Trump's Asia tour targets trade deals with South Korea, China

US President Donald Trump advances trade talks with South Korea and China during his Asia tour, aiming to ease tariffs and strengthen economic ties. US President Donald Trump began the final leg of his Asia tour in South Korea on Wednesday,...

US and South Korea advance trade talks during Trump’s visit. Follow live updates.

US strikes another alleged drug boat and kills 4, Hegseth says — 8:45 p.m. By the Associated Press Defense Secretary Pete Hegseth announced Wednesday that the U.S. military carried out another strike on a boat he said was carrying drugs in the...

Trump’s South Korea Visit Faces Tensions Over Trade Deal and Investment Demands

BY EMMANUEL OGBONNA President Donald Trump’s high-stakes diplomacy tour through Asia hit a snag in South Korea on Wednesday as trade talks with President Lee Jae Myung faltered over Trump’s push for massive investment commitments. The two leaders...

(LEAD) [APEC 2025] Trump says U.S., S. Korea reach trade deal

(ATTN: UPDATES with more Trump remarks; CHANGES photo) By Lee Haye-ah SEOUL, Oct. 29 (Yonhap) -- U.S. President Donald Trump said Wednesday that he and President Lee Jae Myung reached a trade deal that was "pretty much finalized." Trump spoke...

Trump meets South Korean leader as trade deal remains elusive

Koh Ewe,Singapore and Kathryn Armstrong,London ShareSave The meeting comes as both countries are still trying to reach a trade deal US President Donald Trump has met with South Korean President Lee Jae Myung as part of the final leg of his...

Trump Says Trade Deal with South Korea 'Pretty Much Finalized'

Photo : YONHAP News U.S. President Donald Trump on Wednesday said the trade agreement between Seoul and Washington is "pretty much finalized," following his summit with President Lee Jae Myung in Gyeongju. During a dinner speech after the...

Korea, U.S. finalize bilateral trade deal, agree on $350 billion investment details

Published: 29 Oct. 2025, 20:23 Updated: 29 Oct. 2025, 21:05 Korean President Lee Jae Myung, rights, toasts U.S. President Donald Trump during a dinner event at a hotel in Gyeongju, North GYeongsang, on Oct. 29, following their bilateral summit....

North Korea escalates tensions with ballistic missile tests ahead of APEC Summit

North Korea launched multiple short-range ballistic missiles on Oct. 22, its first test in five months, deliberately timed before world leaders (including Trump) gather for the APEC summit in South Korea. The missile launches violated UN Security...

Trump says North Korea is "sort of a nuc...

ABOARD AIR FORCE ONE, Oct 25: US President Donald Trump said Friday that North Korea was "sort of a nuclear power" as he left the United States for Asia on a trip that could include a meeting with Pyongyang's leader Kim Jong Un. Asked aboard Air...

North Korea launders $1.6B in crypto for weapons funding

The Multilateral Sanctions Monitoring Team (MSMT) reported that North Korea’s elite cyber unit laundered around $1.65 billion in cryptocurrency between January and September. The illicit funds were reportedly used to support the country’s illegal...

Trump given golden crown in South Korea but trade deal remains elusive

Published on 29/10/2025 - 8:35 GMT+1 •Updated 14:20 The United States and South Korea advanced trade talks on Wednesday, addressing details of $350 billion (€300 billion) that would be invested in the US economy, after negotiations and ceremonies...

Trump in South Korea, eyes trade truce with China

US President Donald Trump began the final leg of his Asia trip in South Korea on Wednesday, expressing optimism about resolving key trade issues with Chinese President Xi Jinping and finalizing a tariff deal with South Korean President Lee Jae...

S. Korea, US agree on trade deal details at Lee-Trump summit in Gyeongju

- S. Korea to invest $350b in US, with investment ceiling set at $20b a year - Investments will be phased to minimize impact on the forex market - Details of $350b investment finalized to cut tariffs on S. Korean imports to 15% - Trump agrees S....

AP Business SummaryBrief at 5:06 a.m. EDT

Trump scores golden gifts but no investment dollars during South Korea visit GYEONGJU, South Korea (AP) — President Donald Trump has been visiting South Korea, where he received a gold medal and a crown from President Lee Jae Myung. The gifts came...