The United States and South Korea have agreed on a number of steps aimed at bolstering the two countries' longstanding defense alliance in the face of growing nuclear threats posed by North Korea.
Under the newly unveiled "Washington Declaration," the two countries have committed to engaging in deeper dialogue and information sharing efforts and announced the establishment of a nuclear consultative group. The Extended Deterrence Strategy and Consultation Group aims to better prepare the Alliance to defend against potential attacks and nuclear use and conduct simulations to inform joint planning efforts.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.