World News Briefs: Major Global Developments
The summary covers significant global news: Britain's Reform party proposes a tax-exemption card for wealthy immigrants, South Korea appoints a civilian defense minister, China accuses the US of credibility loss after Iran strikes, and Russia increases missile production. Japan's PM skips the NATO summit, and North Korea condemns US Iran strikes.
The Reform UK party in Britain aims to attract affluent foreigners with a 'Britannia Card', offering tax exemptions for a decade in exchange for a £250,000 payment. This move confronts the Labour Party amidst Britain's recent clampdown on non-dom tax exemptions.
In South Korea, President Lee Jae Myung fulfills a campaign promise by appointing Ahn Gyu-back, a seasoned lawmaker, as the first civilian defense minister in decades, amidst military trust issues post-martial law scandal.
China has criticized the US, alleging its military action on Iran harms its credibility and could escalate tensions. This follows US involvement alongside Israel in a significant military strategy targeting Iran's nuclear sites.
(With inputs from agencies.)
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