In a result confounding pundits, South Korea's ruling conservative Saenuri Party lost its parliamentary majority for the first time in 16 years. Earlier predictions suggested President Park Geun-hye's party would easily win. It is said that voters registered their dissatisfaction with the President's economic record and soaring youth unemployment. The election result could jeopardize an economic reform program Park wants to push through before her term ends next year. The program would introduce economic deregulation and labor reforms in response to the country's stagnant economy. The result left the three liberal opposition parties with a combined 167 seats in the 300-seat legislature. Park said she "humbly" accepted her ruling party's shock electoral defeat and vowed to work together with the current opposition.
Read More71 years after the US dropped an atomic bomb on Hiroshima, the US Secretary of State, John Kerry, is making a visit to the Hiroshima memorial to pay tribute to the victims. Kerry arrived on April 10 to the G7 meeting of foreign ministers to discuss, among other topics, the Syrian war and the refugee crisis. His counterparts are expected to lay a wreath at the altar. In addition, Kerry clarified that he does not intent to apologize for the bombing. Obama, who will attend the G7 meeting in Japan in May, is considering a visit to Hiroshima – which, if takes place, will be the first time a sitting US president will visit the city.
Read MoreThe National League for Democracy party leader and longtime democracy figurehead Aung San Suu Kyi has been given a position in Myanmar's government - one that has been created especially for her. On Tuesday, Myanmar’s lower house of Parliament approved measures that will make Aung San Suu Kyi, who is minister of the President’s office and foreign minister, a "State Counselor". This is a way for her to effectively lead the country outside the Presidency. Parliament’s upper house had previously approved the measure. It now goes for the signature of Myanmar’s new President, Htin Kyaw, one of her close allies.
Following the EU-India Summit, a wide array of issues were mentioned on which the EU and India would work closer, such as security, trade, infrastructure, human rights, business, science and climate change. India’s role in the region was emphasized as a security player. Although a main objective, no huge progress was announced with regards to the free trade agreement between the countries, apart from a remark that they would "re-engage in discussions". The Summit was overshadowed by terrorism. Leaders condemned the terrorist attacks of 22 March in Brussels and made clear they would step up security cooperation to tackle terrorism.
Read MoreResuming negotiations on a free trade agreement between the European Union (EU) and India is the main objective of the 13th EU-India Summit that will be held in Brussels. Furthermore, the EU-India Agenda for Action 2020 and the priorities of their strategic partnership will be discussed. Other issues on the agenda are migration and mobility, access to drinking water, joint initiatives in the field of energy and tackling climate change. Leaders of EU and India will also focus on the current main challenges to international security, such as terrorism and the situation in Ukraine.
Read MoreMyanmar's parliament has elected Htin Kyaw as the country's next president, the first civilian leader after more than 50 years of military rule. Htin Kyaw is a close ally of Aung San Suu Kyi, whose National League for Democracy (NLD) party swept to victory in historic elections in November. The new government will take office on April 1, marking the end of five decades of military dictatorship and another five years of army-backed rule.
Myanmar’s National League for Democracy (NLD) has named its candidates to be president, officially confirming that its leader Aung San Suu Kyi is not a contender. Ms Suu Kyi failed to persuade the military to allow a clause barring her from the presidency to be overruled. Under the clause she cannot be leader as her sons are British, not Burmese. But she has vowed to lead from the sidelines instead. The candidate thought most likely to become president, Htin Kyaw, is a close aide.
China will raise its defence spending by between 7-8% this year, a senior official has said, a smaller increase than the double-digit rises of the past as Beijing seeks a more efficient military. China’s budget will rise to around around 980bn yuan ($150bn) as the Beijing regime increases its military heft and asserts its territorial claims in the South China Sea, raising tensions with its neighbors and with Washington. Defence spending last year was budgeted to rise 10.1% to 886.9bn yuan ($135.39bn), which still only represents about one-quarter that of the United States. The US defence budget for 2016 is $573bn.
The House of Representatives has ratified defence agreements between the Indonesian government and the Chinese and Germany governments, passing two bills into law on Tuesday. One of the new laws ratifies a defence agreement previously achieved between the government of former president Susilo Bambang Yudhoyono and its Chinese counterpart in Beijing on Nov. 27, 2007. The other law ratifies a memorandum of understanding (MoU) on Indonesia-Germany defence cooperation signed in Berlin by Defence Deputy Minister Sjafrie Sjamsoeddin and Germany’s State Secretary at the Defence Ministry Rüdiger Wolf in February 2012. The defence cooperation between Indonesia and Germany would include military training, research and development, disaster management, military logistics, healthcare and peacekeeping missions.
Read MoreThe United States and China have agreed on a draft resolution that would expand U.N. Security Council sanctions against North Korea over its latest nuclear test and hope to put it to a vote in the coming days. Beijing and Washington reached a deal on the draft, which could go to the full 15-member council soon. The two veto powers had been negotiating on a draft resolution for the past seven weeks following Pyongyang's fourth nuclear test on January 6.