SBS News

Washington Turns Into a Construction Site: "Fools Doing Foolish Things" Amid Backlash 00:00 National Mall Becomes a Construction Site Ahead of 250th Anniversary 01:00 A Plaza Stained by Mystery and Truth Disputes 02:23 Newly Painted Reflecting Pool: "Renovation" vs. SBS Jul 2, 2026 5:36 PM

Shares of China's 'IPO Giant' CR New Energy Surge 198% on Debut According to reports from Reuters and other sources on July 2 , shares of CR New Energy soared 198.3% from their offering price of 10.11 yuan in early trading on the Shenzhen Stock Exchange, triggering a temporary trading halt. SBS Jul 2, 2026 5:31 PM

Vietnam Declares 'Low Birth Rate Emergency,' Introduces First Nationwide Childbirth Subsidy The Vietnamese government announced that an amendment to the enforcement decree of the Population Law, which includes these measures, went into effect on July 1 . SBS Jul 2, 2026 5:29 PM

Russia Launches Massive Retaliatory Strikes; At Least 13 Dead in Kyiv Russia has launched an airstrike on the Ukrainian capital of Kyiv, killing at least 13 people and injuring over 50, in retaliation for Ukrainian attacks on its own civilian infrastructure. SBS Jul 2, 2026 5:24 PM

China to Send NPC Vice Chairman to Funeral of Iran's Khamenei Guo Jiakun, a spokesperson for the Chinese Ministry of Foreign Affairs, stated in a briefing on July 2 that "He Wei, Vice Chairman of the NPC Standing Committee, will represent China at the funeral of Supreme Leader Khamenei, which will be held in Tehran on July 3." Vice Chairman He currently serves as the chairman of the Chinese Peasants and Workers Democratic Party, one of China's eight minor political parties, and also holds positions as the president of the Red Cross Society of China and vice president of the China Council for the Promotion of Peaceful National Reunification. SBS Jul 2, 2026 4:59 PM

Alibaba and Ant Reach $600 Million Settlement with U.S. Department of Justice Department of Justice announced on July 1 that China's Alibaba Group and the U.S.-based payment processor AUS Merchant Services have reached a settlement of $600 million to resolve investigations into allegations that they failed to prevent the sale of illegal drugs and other prohibited items in the United States. SBS Jul 2, 2026 4:54 PM

Japanese Football Legend Keisuke Honda Offers Himself as National Team Manager After World Cup Exit Following Japan's elimination in the Round of 32 at the North and Central America World Cup, and amid ongoing deliberations over the next national team manager, Japanese football legend Keisuke Honda has personally proposed himself for the role. SBS Jul 2, 2026 4:43 PM

SoftBank Reportedly Resumes Talks for $10 Billion Loan Collateralized by OpenAI Stake The lending consortium is expected to include Goldman Sachs, JPMorgan Chase, and Mizuho Financial Group. SBS Jul 2, 2026 3:40 PM

"Save the Trapped Man": 7-Nation Rescue Team Joins Forces in Venezuela According to AFP on July 2 , a joint rescue team from seven countries has been conducting rescue operations for three days at the site of a collapsed building in Catia La Mar, a port city in the state of La Guaira, Venezuela, to reach survivor Hernan Gil . SBS Jul 2, 2026 3:35 PM

US B-52 Strategic Bombers Withdraw from UK Base, Signaling Easing Tensions in Iran Airstrikes Air Force B-52 Strategic Bomber U.S. Air Force B-52 strategic bombers have withdrawn from a base in the United Kingdom after completing their mission for airstrikes against Iran. SBS Jul 2, 2026 3:20 PM