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  • Malaysia-Singapore Economic Zone | South Korea President Fortress Home | Trump Declares Gulf of America

Malaysia-Singapore Economic Zone | South Korea President Fortress Home | Trump Declares Gulf of America

Market Update

  • Oil prices rise as Russian and OPEC supplies tighten, U.S. Crude stocks decline.

  • Moderna stock jumps 12% amid bird flu vaccine hope after first U.S. death.

  • Getty Images +22%, Shutterstock +20% to merge in $3.7 billion cash-stock deal.

  • Microsoft plans to invest $3 Billion on AI, cloud infrastructure in India.

Malaysia, Singapore announce deal on Johor economic zone

Economic Cooperation: The Johor-Singapore Special Economic Zone (JS-SEZ) aims to enhance economic cooperation between Malaysia and Singapore, focusing on sectors like the digital economy, logistics, tourism, manufacturing, and renewable energy.

Job Creation: The agreement targets the creation of 20,000 skilled jobs over the next ten years, with an initial focus on 50 projects in the first five years.

Improved Connectivity: Both countries plan to boost cross-border movement by introducing automated lanes, paperless goods clearance, and enhancing local transport links.

Tax Incentives: Malaysia will offer special corporate tax rates and other incentives to attract high-value investments into the JS-SEZ. [Learn more]

Home of South Korean president turned ‘into fortress’ ahead of second arrest attempt

Impeachment and Martial Law: President Yoon Suk Yeol was impeached following his controversial martial law decree in December 2024, which led to his suspension.

Fortress-like Security: His residence in Seoul has been heavily fortified with barbed wire, vehicle blockades, and a large security presence to prevent a second arrest attempt1.

Failed Arrest Attempt: Authorities previously attempted to arrest Yoon but were blocked by his security team and supporters, leading to a standoff.

Ongoing Standoff: Investigators are preparing for a renewed arrest attempt, but Yoon's whereabouts remain uncertain as he stays protected within his fortified residence. [Learn more]

Trump Declares He's Renaming Gulf Of Mexico To 'Gulf Of America'

Renaming Proposal: President-elect Donald Trump announced plans to rename the Gulf of Mexico to the "Gulf of America," citing that it has a "beautiful ring" to it.

Reasoning: Trump argues that the U.S. does most of the work in the Gulf and that the name change is appropriate.

Historical Context: The Gulf of Mexico has been known by its current name for over four centuries, originally derived from a Native American city.

International Reactions: The renaming proposal is part of Trump's broader foreign policy agenda, which includes controversial ideas like annexing Greenland and the Panama Canal. [Learn more]

Joke of the Day!

What kind of tea is hard to swallow?

Reality.

Generative AI Photo of the Day!

Credit: DALL-E 3

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