APEC Summit Stresses Adoption of Balanced Economic Policies

Singapore Prime Minister Lee Hsien Loong and France's President Emmanuel Macron attend the APEC Leaders' Informal Dialogue with Guests during the Asia-Pacific Economic Cooperation (APEC) Summit 2022, in Bangkok, Thailand November 18, 2022. REUTERS/Athit Perawongmetha/Pool
Singapore Prime Minister Lee Hsien Loong and France's President Emmanuel Macron attend the APEC Leaders' Informal Dialogue with Guests during the Asia-Pacific Economic Cooperation (APEC) Summit 2022, in Bangkok, Thailand November 18, 2022. REUTERS/Athit Perawongmetha/Pool
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APEC Summit Stresses Adoption of Balanced Economic Policies

Singapore Prime Minister Lee Hsien Loong and France's President Emmanuel Macron attend the APEC Leaders' Informal Dialogue with Guests during the Asia-Pacific Economic Cooperation (APEC) Summit 2022, in Bangkok, Thailand November 18, 2022. REUTERS/Athit Perawongmetha/Pool
Singapore Prime Minister Lee Hsien Loong and France's President Emmanuel Macron attend the APEC Leaders' Informal Dialogue with Guests during the Asia-Pacific Economic Cooperation (APEC) Summit 2022, in Bangkok, Thailand November 18, 2022. REUTERS/Athit Perawongmetha/Pool

Countries attending the Asia Pacific Economic Cooperation forum in Bangkok on Friday agreed “to adopt more balanced and inclusive trade and economic policies.”

Thailand's Prayuth earlier urged participants at the summit to seek sustainable growth and development after economic and social challenges from COVID, climate change and geopolitical rivalries.

"We can no longer live like we did. We need to adjust our perspective, ways of life and ways of doing business," he said.

The APEC gathering is the third summit in the region in the past week. A Southeast Asian summit that included China, Japan and the United States was held in Cambodia while the Group of 20 (G20) nations met on the Indonesian island of Bali.

“We will continue our efforts to keep supply chains functioning, secure and resilient. We will continue to work to ensure a level playing field to foster a favorable trade and investment environment and reaffirm our commitment to keep markets open and to address supply chain disruptions,” Friday’s closing statement said.

“Most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy –- constraining growth, increasing inflation, disrupting supply chains, heightening energy and food insecurity, and elevating financial stability risks.”

“There were other views and different assessments of the situation and sanctions."

It noted that APEC “is not the forum to resolve security issues," but acknowledged “security issues can have significant consequences for the global economy."

At a business conference on the sidelines of APEC, French President Emmanuel Macron called for an end to confrontation, both in Ukraine and also in Asia, where he said friction between the biggest economies, the US and China, was forcing countries to take sides.

“There is no stability or peace except one based on international order and respect," said Macron, who was invited to the APEC summit as a guest by the host country, Thailand.



Venezuela's Government Accuses US of Attacking Civilian, Military Installations

Smoke raises at La Carlota airport after explosions and low-flying aircraft were heard in Caracas, Venezuela, Saturday, Jan. 3, 2026. (AP Photo/Matias Delacroix)
Smoke raises at La Carlota airport after explosions and low-flying aircraft were heard in Caracas, Venezuela, Saturday, Jan. 3, 2026. (AP Photo/Matias Delacroix)
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Venezuela's Government Accuses US of Attacking Civilian, Military Installations

Smoke raises at La Carlota airport after explosions and low-flying aircraft were heard in Caracas, Venezuela, Saturday, Jan. 3, 2026. (AP Photo/Matias Delacroix)
Smoke raises at La Carlota airport after explosions and low-flying aircraft were heard in Caracas, Venezuela, Saturday, Jan. 3, 2026. (AP Photo/Matias Delacroix)

Venezuela’s government accused the United States of attacking civilian and military installations in multiple states after at least seven explosions and low-flying aircraft were heard around 2 a.m. local time Saturday in the capital, Caracas.

Smoke could be seen rising from the hangar of a military base in Caracas. Another military installation in the capital was without power.

People in various neighborhoods rushed to the streets. Some could be seen in the distance from various areas of Caracas.

Venezuela’s government, in the statement, called on its supporters to take to the streets.

“People to the streets!” the statement said. “The Bolivarian Government calls on all social and political forces in the country to activate mobilization plans and repudiate this imperialist attack.”

The statement added that President Nicolás Maduro had “ordered all national defense plans to be implemented” and declared “a state of external disturbance.”

This comes as the US military has been targeting, in recent days, alleged drug-smuggling boats. On Friday, Venezuela said it was open to negotiating an agreement with the US to combat drug trafficking.

Maduro also said in a pretaped interview aired Thursday that the US wants to force a government change in Venezuela and gain access to its vast oil reserves through the monthslong pressure campaign that began with a massive military deployment to the Caribbean Sea in August.

Maduro has been charged with narco-terrorism in the US. The CIA was behind a drone strike last week at a docking area believed to have been used by Venezuelan drug cartels in what was the first known direct operation on Venezuelan soil since the US began strikes on boats in September.

US President Donald Trump for months had threatened that he could soon order strikes on targets on Venezuelan land. The US has also seized sanctioned oil tankers off the coast of Venezuela, and Trump ordered a blockade of others in a move that seemed designed to put a tighter chokehold on the South American country’s economy.

The US military has been attacking boats in the Caribbean Sea and the eastern Pacific Ocean since early September. As of Friday, the number of known boat strikes is 35 and the number of people killed is at least 115, according to numbers announced by the Trump administration.

They followed a major buildup of American forces in the waters off South America, including the arrival in November of the nation’s most advanced aircraft carrier, which added thousands more troops to what was already the largest military presence in the region in generations.

Trump has justified the boat strikes as a necessary escalation to stem the flow of drugs into the US and asserted that the US is engaged in an “armed conflict” with drug cartels.


6.5-magnitude Quake Shakes Mexico City

People wait outside their homes and buildings after an earthquake in Mexico City, Mexico, January 2, 2026. REUTERS/Henry Romero
People wait outside their homes and buildings after an earthquake in Mexico City, Mexico, January 2, 2026. REUTERS/Henry Romero
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6.5-magnitude Quake Shakes Mexico City

People wait outside their homes and buildings after an earthquake in Mexico City, Mexico, January 2, 2026. REUTERS/Henry Romero
People wait outside their homes and buildings after an earthquake in Mexico City, Mexico, January 2, 2026. REUTERS/Henry Romero

A 6.5-magnitude earthquake shook Mexico City and southwestern Guerrero state on Friday, sending people rushing into the streets but causing no serious damage, according to preliminary reports.

President Claudia Sheinbaum was forced to evacuate the presidential palace during her regular morning press conference, along with the journalists in attendance, when the earthquake alert sounded.

The Seismological Service said that the earthquake's epicenter was situated 14 kilometers (nine miles) southwest of San Marcos, in the southern state of Guerrero, about 400 kilometers from Mexico City.

The US Geological Survey said the quake struck around 8:00 am east of Acapulco, a major port and beach resort.

Sheinbaum said there were no immediate reports of major damage in either Mexico City or Guerrero.

Mexico, which is situated between five tectonic plates, is one of the world's most seismically active countries.

Karen Gomez, a 47-year-old office worker living on the 13th floor of an apartment building in Mexico City, told AFP she was roused from her sleep by a street siren.

"I woke up in terror. My cellphone alert said it was a powerful earthquake."

Norma Ortega, a 57-year-old kindergarten director, living in a 10th-floor apartment, said she could feel her building shake.

"I got a terrible fright."

The center of Mexico City is built on the muddy subsoil of what was once the bed of a lake, making it particularly vulnerable to earthquakes.

Those most strongly felt usually originate off Guerrero state on the Pacific coast.

On September 19, 1985, an 8.1-magnitude earthquake devastated a vast swathe of Mexico City, leaving nearly 13,000 dead, mostly in the city, according to official figures.

In 2017, also on September 19, a 7.1-magnitude quake killed 369 people, also mostly in Mexico City.

Early warning systems, including smartphone apps, have been developed to warn Mexico City residents of strong quakes and urge them to reach safety.

The city has also installed loudspeakers on lampposts to broadcast the alerts.


Zelenskyy Names Ukraine's Head of Military Intelligence as his New Chief of Staff

Kyrylo Budanov, Chief of the Main Intelligence Directorate of the Ministry of Defense of Ukraine, attends the press conference 'Ukraine, Year 2025' in Kyiv, Ukraine, 23 February 2025 (reissued 02 January 2026), amid the Russian invasion. EPA/SERGEY DOLZHENKO
Kyrylo Budanov, Chief of the Main Intelligence Directorate of the Ministry of Defense of Ukraine, attends the press conference 'Ukraine, Year 2025' in Kyiv, Ukraine, 23 February 2025 (reissued 02 January 2026), amid the Russian invasion. EPA/SERGEY DOLZHENKO
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Zelenskyy Names Ukraine's Head of Military Intelligence as his New Chief of Staff

Kyrylo Budanov, Chief of the Main Intelligence Directorate of the Ministry of Defense of Ukraine, attends the press conference 'Ukraine, Year 2025' in Kyiv, Ukraine, 23 February 2025 (reissued 02 January 2026), amid the Russian invasion. EPA/SERGEY DOLZHENKO
Kyrylo Budanov, Chief of the Main Intelligence Directorate of the Ministry of Defense of Ukraine, attends the press conference 'Ukraine, Year 2025' in Kyiv, Ukraine, 23 February 2025 (reissued 02 January 2026), amid the Russian invasion. EPA/SERGEY DOLZHENKO

President Volodymyr Zelenskyy on Friday appointed the head of Ukraine's military intelligence as his new chief of staff, a move that comes as the US leads a diplomatic push to end Russia's nearly 4-year-old invasion.

In announcing the appointment of Gen. Kyrylo Budanov, Zelenskyy said Ukraine needs to focus on security issues, developing its defense and security forces, and peace talks -- areas that are overseen by the office of the president, The Associated Press reported.

Zelenskyy had dismissed his previous chief of staff, Andrii Yermak, after anti-corruption officials began investigating alleged graft in the energy sector.

Budanov, 39, is one of the country’s most recognizable and popular wartime figures. He has led Ukraine’s military intelligence agency, known by its acronym GUR, since 2020.

A career military intelligence officer, he rose through the defense establishment after Russia’s illegal annexation of Crimea in 2014. He also took part in special operations and intelligence missions linked to the fighting with Moscow-backed separatist forces in eastern Ukraine before the full-scale invasion of February 2022. He reportedly was wounded during one such operation.

Since the full-scale invasion. Budanov has become a prominent face of Kyiv’s intelligence effort, regularly appearing in interviews and briefings that mix strategic signaling with psychological pressure on Moscow. He has frequently warned of Russia’s long-term intentions toward Ukraine and the region, while portraying the war as an existential struggle for the country's statehood.

Under Budanov, the GUR expanded its operational footprint, coordinating intelligence, sabotage and special operations aimed at degrading Russian military capabilities far beyond the front lines. Ukrainian officials have credited military intelligence with operations targeting Russian command structures, logistics hubs, energy infrastructure and naval assets, including strikes deep inside Russian territory and occupied areas.

His appointment to lead the office of the president marks an unusual shift, placing a serving intelligence chief at the center of Ukraine’s political and diplomatic coordination. Zelenskyy has framed the move as part of a broader effort to sharpen the focus on security, defense development and diplomacy.
“Kyrylo has specialized experience in these areas and sufficient strength to achieve results,” Zelenskyy said.

Budanov said on Telegram his new position is "both an honor and a responsibility — at a historic time for Ukraine — to focus on the critically important issues of the state’s strategic security.”

Russian authorities said Friday the death toll from what they called a Ukrainian drone strike on a cafe and hotel in a Russian-occupied village in Ukraine’s Kherson region rose to 27. Kyiv strongly denied attacking civilian targets.

Svetlana Petrenko, spokeswoman of Russia's main criminal investigation agency, the Investigative Committee, said those killed in the village of Khorly, where at least 100 civilians were celebrating New Year's Eve, included two minors, while 31 people were hospitalized.

A spokesman for Ukraine’s General Staff, Dmytro Lykhovii, denied attacking civilians. He told Ukraine's public broadcaster Suspilne on Thursday that Ukrainian forces “adhere to the norms of international humanitarian law” and "carry out strikes exclusively against Russian military targets, facilities of the Russian fuel and energy sector, and other lawful targets.”

He noted that Russia has repeatedly used disinformation and false statements to disrupt the ongoing peace negotiations.

The Associated Press could not independently verify claims made about the attack.

US President Donald Trump’s special envoy Steve Witkoff said Wednesday that he, Secretary of State Marco Rubio and Trump’s son-in-law and adviser Jared Kushner had a “productive call” with the national security advisers of Britain, France, Germany and Ukraine “to discuss advancing the next steps in the European peace process.”

The US efforts has faced a new obstacle earlier this week, when Moscow said it would toughen its negotiating stand after what it said was a long-range drone attack against a residence of Russian President Vladimir Putin in northwestern Russia early Monday.

Kyiv has denied attacking Putin’s residence, saying the Russian claim was a ruse to derail the negotiations.

In his New Year’s address, Zelenskyy said a peace deal was “90% ready” but warned that the remaining 10% — believed to include key sticking points such as territory — would “determine the fate of peace, the fate of Ukraine and Europe, how people will live.”

New overnight attacks Elsewhere in Ukraine, Russia struck a residential area of Kharkiv with two missiles Friday, Zelenskyy wrote on his Telegram page, adding that Moscow's forces "continue the killings, despite all the efforts of the world, and above all the United States, in the diplomatic process.”

At least 15 people in the eastern city were injured, according to regional administration head Oleh Syniehubov.

Earlier Friday, Russia conducted what local authorities called “one of the most massive” drone attacks at Zaporizhzhia. At least nine drones struck the city, damaging dozens of residential buildings and other civilian infrastructure but causing no casualties, according to Ivan Fedorov, head of the regional administration.

Overall, Russia fired 116 long-range drones at Ukraine, according to Ukraine’s air force, with 86 intercepted and 27 striking their targets.

The Russian Defense Ministry said its air defenses intercepted 64 Ukrainian drones overnight in multiple Russian regions.

The Russian city of Belgorod was hit by a Ukrainian missile, according to regional Gov. Vyacheslav Gladkov. Two women were hospitalized after the strike, which shattered windows and damaged an unspecified commercial facility and a number of cars in the region that borders Ukraine, he said.