South Korean parliament introduces motion to impeach President Yoon

South Korean lawmakers submit a impeachment motion of South Korean President Yoon Suk Yeol at the National Assembly in Seoul, South Korea, December 4, 2024.

Yonhap News Agency | Via Reuters

South Korea’s parliament on Thursday formally introduced a motion to impeach Yoon Suk Yeol, setting the stage for a historic vote which could oust the embattled president over a botched attempt to impose
martial law.

The impeachment motion against Yoon was reported to a plenary session that opened shortly after midnight on Thursday.

Following the introduction of the motion, a vote on impeachment must be heldwithin 24 to 72 hours.

Source

World

10-year Treasury yield lower as investors mull rates path following strong GDP data

December 24, 2025

U.S. Treasury yields edged slightly lower on Wednesday as investors positioned for a shortened trading day ahead of the holidays. The 10-year Treasury yield — the benchmark for U.S. government borrowing — was 1 basis point lower at 4.159% by 4:15 a.m. E.T. Yields on the 2-year Treasury note were largely unchanged, at 3.528%. The 30-year bond yield, meanwhile, […]

Oil giant BP to sell 65% stake in billion Castrol unit

World

Oil giant BP to sell 65% stake in $10 billion Castrol unit

December 24, 2025

Britain’s BP has agreed to sell a 65% shareholding in lubricants business Castrol to Stonepeak for $6 billion, months on from the oil giant seeking a buyer for the unit. The deal comes as the company looks to launch a strategic reset, including a green strategy U-turn and the divestment of $20 billion of assets […]

World

European markets poised for lackluster open ahead of shortened trading session

December 24, 2025

LONDON — European markets are expected to open in flat to negative territory as investors take stock of the volatile year during Christmas Eve’s shortened trading session. The U.K.’s FTSE 100 and Germany’s DAX were last seen edging below the flatline, while France’s CAC was 0.1% lower according to data from IG Group. The pan-European Stoxx […]