Bloomberg South Korea’s parliament approved a 2023 budget that reflects a more rigorous fiscal approach from the new government as it tries to position the nation to address rising economic risks. The 639 trillion won ($499 billion) fiscal blueprint passed represents efforts by officials under President Yoon Suk Yeol to reduce South Korea’s debt dependence and wean the economy ...

Bloomberg With Russia’s invasion now into its 11th month, President Vladimir Putin said the absence of talks to stop the war is not Moscow’s fault. “It’s not we who refuse negotiations, but they,” Putin said in a TV interview. Russia is prepared to discuss “acceptable outcomes,” he added. Air alerts sounded across Ukraine after Russian fighter jets, including one capable ...

  Bloomberg China said it will strive to “recalibrate” its relationship with the US and increase communication with Europe as the country outlines its major diplomatic tasks for next year. “We will follow through on the common understandings reached between the Chinese and US Presidents” and work to bring bilateral relations back on the right course, Chinese Foreign Minister Wang Yi ...