Seoul / AFP South Korea vowed on Tuesday to restructure the country’s once formidable shipbuilding and shipping sectors, now crippled by mismanagement, slowing global demand and competition from Chinese rivals. Shipbuilders, including Hyundai Heavy Industries and Daewoo Shipbuilding and Marine, have racked up massive losses after slumping oil prices sapped demand for tankers and offshore drillers. The “Big Three” ...

  Washington / AFP President Barack Obama’s challenge that Europe unite and shoulder more of the burden for its own security might soon be answered, in part, by a military mission off the Libyan coast. “Europe has sometimes been complacent about its own defense.” That was the staggeringly blunt criticism from Obama on Monday in Hanover, the last stop on ...

  SANAA / AP Forces loyal to Yemen’s internationally recognized government have retaken the southern coastal city of Mukalla, driving out Al Qaida militants a year after they captured it, security officials said on Tuesday. The Yemeni forces entered the city late on Monday, following days of heavy airstrikes by a Saudi-led coalition fighting on the side of President Abed ...