New York Times: Trump says he wants to meet with Kim Jong Un while in South Korea
U.S. President Donald Trump said he wanted to achieve peace between North Korea and South Korea, which are technically still under a ceasefire after the Korean War. Trump landed in South Korea Wednesday as his last stop of his six-day Asian tour, but the president wants to add a visit to North Korea. South Korean President Jae Myung presented Trump with a medal that represents the highest honor in the country. In other news, Hurricane Melissa has caused damage in Jamaica, Haiti and Cuba, with Haiti so far experiencing the highest death toll at 20 dead.
South China Morning Post: Trump and Xi prepare for trade talks in South Korea
The U.S. and Chinese presidents will meet on the sidelines of the APEC summit in Busan, South Korea to discuss bilateral trade. Topics on the table are lower tariffs from the U.S., a pause in China’s export control of rare earth metals and promises from China to control fentanyl trafficking that affects the U.S. The paper also wrote that China has said it is willing to help Europe catch up in the technology market, saying that European protectionist tariffs against Chinese goods will put them behind.
The Korea Times: South Korea and the U.S. reach a trade deal
The U.S. lowered its 25 percent tariff on South Korea to 15 percent, while Korea promised a $350 billion investment package. The investments include $200 billion in cash and $150 billion for cooperation in the shipbuilding industry between the two countries. Another story includes global firms’ $9 billion investment in Korea over the next five years to improve the country’s AI and technology industry.
The Times of India: Trump hints at trade deal with India
U.S. President Donald Trump told the Asia-Pacific summit in South Korea on October 29 that has “great respect and love” for Indian Prime Minister Narendra Modi. The deal is expected to include lower U.S. tariffs and a promise from India to buy U.S. corn and cut down Russian oil imports. On foreign affairs, The Times covered the Israeli airstrikes in Gaza that have killed 104 people, despite Israel saying on October 29 the ceasefire is still holding.
Financial Times: Oil refinery buys Russian oil on sanctions-listed ships
Mittal Energy, co-owned by businessman Lakshmi Mittal who resides in the U.K., bought almost $280 million in sanctioned Russian oil and shipped it to India between July and September. The refinery pledged on October 29 to end purchases of Russian oil after Financial Times investigations. In terms of American financial news, the Federal Reserve cut interest rates another quarter percentage because of disruptions in short-term lending.
Clarín: Police drug raid in Rio leaves 132 dead
The dead bodies lied on the streets of the two favelas, Penha and Alemão, where police conducted an offensive against the Comando Vermelho, the powerful Brazilian crime organization. The number of dead has led to criticism of President Luiz Lula de Silva by Rio’s government. In addition, Argentina’s government has bought reserves in the U.S. Central Bank in an effort to make the piso more competitive with the dollar.
