Bank of England Warns of Rising Global Risks Amid Increasing Trade Barriers

The Bank of England (BoE) has sounded the alarm over rising trade barriers and their potential to slow global economic growth, disrupt financial markets, and exacerbate inflation uncertainties. In its latest Financial Stability Report, the BoE highlighted the cascading effects of geopolitical shifts and policy fragmentation, warning that these trends could increase borrowing costs for…

South Korea Scrambles Jets as Chinese and Russian Military Aircraft Enter Air Defense Zone

South Korea’s military reported scrambling fighter jets on Friday in response to a group of Chinese and Russian military aircraft entering the Korea Air Defense Identification Zone (KADIZ), a strategically monitored area that extends beyond the nation’s airspace. The incident occurred between 9:35 a.m. and 1:53 p.m. local time and involved five Chinese and six…