Bloomberg South Korea clarified Foreign Minister Kang Kyung-wha’s remarks earlier in the day in which she appeared to confirm a local newspaper report saying Kim Jong-un invited US President Donald Trump to visit Pyongyang. Kang was asked at a parliamentary session on Monday about a report by South Korea’s Joongang Ilbo newspaper that detailed Kim’s offer for another summit. It ...

Bloomberg The Solomon Islands broke diplomatic ties with Taipei in favour of Beijing, leaving the democratically run island with just 16 diplomatic partners amid China’s efforts to isolate it. It’s the seventh nation — and the first in the Pacific — to establish ties with Beijing since Taiwan’s independence-leaning President Tsai Ing-wen was elected in January 2016. Reuters reported earlier ...

Bloomberg As many as 800,000 Iranians are set to lose cash handouts within the next month as US-imposed sanctions take their toll on the Islamic Republic’s economy. Iran plans to wean up to 30 million people off cash subsidies in the long term, but it “cannot take them off under the current economic situation,” said government spokesman Ali Rabiei at ...