SBS News

Russian Oil Facilities Under Constant Attack; Russia Retaliates with Heavy Strikes on Kyiv According to AFP and Reuters on July 8 , Russia launched ballistic missiles at Kyiv overnight, leaving one person dead and two injured. SBS Jul 8, 2026 11:56 PM

NATO Leaders Pledge Over 75 Trillion Won in New Funding, Accelerating Defense Spending Increases In the Ankara Summit Declaration adopted during the NATO summit held in Ankara, Turkey, the leaders stated, "We announce plans for over 50 billion dollars (approximately 75.4 trillion won) in new procurement, and we commit to accelerating innovation through the expansion of joint production capacity and industrial cooperation." They noted, "To address the long-term threat that Russia poses to Euro-Atlantic security and stability, as well as persistent terrorist threats, Allies are implementing the Hague Defense Pledge." During last year's summit, under pressure from U.S. SBS Jul 8, 2026 11:54 PM

IMF Cuts Global Growth Forecast to 3.0% Amid Ongoing Iran War Impact The International Monetary Fund has slightly lowered its global economic growth forecast for this year, citing the persistent impact of the war involving Iran. SBS Jul 8, 2026 10:22 PM

Trump Warns of Continued Airstrikes on Iran for Second Consecutive Day: "Likely Another Attack Tonight" President Donald Trump U.S. President Donald Trump warned on July 8 that airstrikes against Iran would continue for a second consecutive day. SBS Jul 8, 2026 10:21 PM

SK Hynix ADR Offering Expected to Be 'Multi-fold' Oversubscribed According to the reports, there was strong initial demand from large, long-term institutional investors and those specializing in technology stocks. SBS Jul 8, 2026 9:10 PM

Trump Says "They Are Human Scum... Seems Like Truce with Iran Is Over" U.S. President Donald Trump has stated that the memorandum of understanding on the cessation of hostilities signed with Iran appears to be over. SBS Jul 8, 2026 9:00 PM

Fuel Theft from Parked Cars: Russia Faces Worst Energy Crisis As the NATO summit opened, Ukraine launched over 400 attack drones at Russia. With Ukraine focusing its strikes on oil refineries for months, Russia is now grappling with a nationwide energy crisis. SBS Jul 8, 2026 8:58 PM

Trump Says MOU to End War with Iran 'Seems Over,' Calls Deals 'Waste of Time' President Donald Trump U.S. President Donald Trump stated that the Memorandum of Understanding to end the war with Iran "seems to be over." President Trump made the remarks while meeting with NATO Secretary General Mark Rutte on the sidelines of the NATO summit held in Ankara, the capital of Turkey, on July 8 . SBS Jul 8, 2026 8:11 PM

Trump Says End of MOU with Iran Seems Likely, Calls Them 'Scum' President Donald Trump U.S. President Donald Trump said on July 8 that the Memorandum of Understanding on ending hostilities signed with Iran "seems to be over." According to reports from AP and AFP, President Trump made the remarks while meeting with NATO Secretary General Mark Rutte on the sidelines of the NATO summit held in Ankara, the capital of Turkey, stating, "I don't want to deal with them." This statement came shortly after armed clashes between the U.S. SBS Jul 8, 2026 7:44 PM

Monster Tornadoes and Super Typhoons: China Hit by Simultaneous Disasters A massive tornado has swept through a city, causing widespread damage, while in another region, torrential rain brought by a powerful typhoon has caused levees to collapse. SBS Jul 8, 2026 6:24 PM