Navy plane crashes in South Korea, media reports say
SEOUL, May 29 (Reuters) - A plane crashed in the southern city of Pohang in South Korea, the Yonhap News Agency reported on Thursday, citing the fire authorities.
The plane belongs to the navy, the Newsis news agency said.
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India's top miner tests local iron ore pricing; shift from global index, source says
NEW DELHI, June 2 (Reuters) - India's key iron ore producer NMDC ( opens new tab is testing a new pricing formula for its output to shield its profits from the volatilities reflected in global benchmarks, a source with direct knowledge of the matter told Reuters. State-run NMDC, which sells its output locally, currently releases monthly iron ore prices linked to inventories, international prices and domestic market dynamics. The company plans to launch the new formula after initial trials, the source said, declining to be identified as the plan is not public yet. "We are taking baby steps," the source added. The new formula will not link prices to any international index or exchange, the source said. With the launch of the new mechanism, NMDC will gradually move to a more frequent disclosure of iron ore prices, the source said, adding the intervals had not been finalised yet. "Going forward, we will try to do it more frequently so that there is no lag in whatever is happening in the market and our prices," the source said. The miner will also collect pricing information from different stockyards across cities, compared to the existing mechanism of gathering information from mines, the source said. NMDC did not respond to a Reuters email seeking comments. India's JSW Steel ( opens new tab, the country's biggest steelmaker by capacity, primarily sources its iron ore from NMDC. NMDC reported a fall in fourth-quarter profit, hurt by lower product prices. India is also in the process of overhauling the average sale price of iron ore to garner higher revenues for the government, as the mines ministry believes some miners try to depress prices artificially in order to pay lower royalties to the government.
Reuters
an hour ago
- Reuters
South Korea presidential hopefuls make final pitch to voters ahead of election
SEOUL, June 2 (Reuters) - South Korea's leading presidential hopefuls were crisscrossing the country on the final day of campaigning on Monday before converging on Seoul, vowing to revive an ailing economy and put months of turmoil over a failed martial law attempt behind them. Tuesday's election was triggered by the ouster of Yoon Suk Yeol who briefly imposed martial law in December, stunning South Koreans who had come to believe the days of using the military to intervene in the democratic process were long past. Liberal frontrunner Lee Jae-myung vowed to mend the social division that deepened in the aftermath of Yoon's martial law, but said his opponent and Yoon's People Power Party must be held accountable, branding them "insurrection sympathisers." "We are at a historic inflection point of whether we go on as a democratic republic or become a country of dictators," Lee told a campaign rally in the battleground capital. Later he said the top priority as president if elected would be to take urgent steps to address the economy, adding he would first turn his attention to the cost of living for middle- and low-income families and the struggles of small business owners. After sweeping through key swing vote regions and the stronghold of his main conservative opponent, Kim Moon-soo, Lee focused on the capital region home to the highest concentration of the country's 44.39 million voters. Kim started the final day on the southern island of Jeju before crossing the country north, calling Lee a "dangerous man" who would abuse the office of president and the parliament controlled by his Democratic Party in an unchecked manner. The conservative candidate once again apologised on Monday for Yoon's martial law and pledged to undertake political reform. The two leading candidates were scheduled to wrap up three weeks of official campaigning at midnight in Seoul, with polls set to open at 6 a.m. (2100 GMT on Monday) on Tuesday across the country. The winner, who will be certified on Wednesday, will have just a short few hours before taking office without the usual two-month transition as Yoon was removed by the Constitutional Court on April 4 for grave violation of his lawful duties.
BBC News
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- BBC News
India: Man arrested with dozens of venomous vipers at Mumbai airport
Authorities in India have arrested a man for trying to smuggle dozens of rare reptiles, including poisonous snakes, into the Indian citizen, who was returning from Thailand, was stopped by customs officials at the airport in Mumbai city on said the reptiles, including 44 venomous vipers, were found concealed in the man's checked-in reptiles have been seized under various wildlife protection laws in India. The passenger has not been named and as he is in custody. He has not commented on his officials have released photographs on X of colourful snakes squirming in a their post, they said they had seized three spider-tailed horned vipers, five Asian leaf turtles and 44 Indonesian pit vipers from the isn't clear where the reptiles had been sourced cub found in passenger's luggage at Indian airportRare Madagascar tortoises seized at Mumbai airportWhile it is not illegal to import animals into the country, India's wildlife protection law bans the import of certain species, including those classified as endangered or protected by the government.A passenger also needs to get the required permits and licenses before importing any of customs officials seizing banned wildlife from passengers trying to smuggle them into the country are not January, Indian authorities arrested a Canadian man at the Delhi airport for carrying a crocodile skull in his luggage and month later, officials at the Mumbai airport stopped a passenger carrying five Siamang gibbons, a small ape native to the forests of Indonesia, Malaysia and gibbons, listed as endangered by the International Union for Conservation of Nature, were concealed in a plastic crate placed inside the passenger's trolley November, customs officers arrested two passengers returning from Bangkok for carrying12 exotic turtles. In 2019, officials at the Chennai airport seized a horned pit viper snake, five Iguanas, four blue-tongued skinks, three green tree frogs and 22 Egyptian tortoises from a man travelling from BBC News India on Instagram, YouTube, Twitter and Facebook.
