South Korea elected a new president. Liberal opposition candidate Lee Jae-myung was voted in on Wednesday. His victory caps months of political turmoil triggered by the stunning but brief imposition of martial law by now-ousted conservative leader Yoon Suk Yeol. – The Associated Press
Related: Watch for Ann Scott Tyson’s full report tomorrow from Seoul.
A far-right European leader quit his coalition over immigration. The Dutch government collapsed Tuesday when Geert Wilders withdrew his far-right Party for Freedom. The country is headed for new elections less than a year after the coalition took power. The Party for Freedom’s victory in the last election was a historic high-water mark for the Dutch far right, but Mr. Wilder has criticized the coalition for failing to deliver “the strictest asylum policy ever.” Other leaders in the coalition accuse Mr. Wilders of making unrealistic demands and abandoning the effort to find practical answers. – Staff
Elon Musk blasted President Trump’s “big, beautiful bill.” The tech billionaire disparaged the legislation he says will increase the “already gigantic” national debt. Mr. Musk, who has spent big to influence recent elections, warned on his social platform X: “In November next year, we fire all politicians who betrayed the American people.” The comments may test the remaining limits of his influence, in the wake of his role at the Trump administration’s Department of Government Efficiency. – Staff
Meta secured nuclear power to meet AI demand. The parent company of Facebook cut a 20-year deal with Constellation Energy to help meet surging demand for artificial intelligence and other computing needs. The agreement will expand the output of a nuclear plant in Clinton, Illinois, and is the latest in a string of tech-nuclear partnerships. – AP
Related Monitor podcast: Our climate writer talked about the rising power demand of AI and data centers. Listen here.
Spain cancelled an arms deal with an Israeli firm. The Ministry of Defense withdrew from a $325 million contract for anti-tank missile systems that were to be fabricated in Madrid by a subsidiary of Israeli defense technology company Rafael. The move comes as European patience with Israel’s conduct in Gaza is wearing thin, with public support for Israel hitting the lowest levels recorded by pollster YouGov in May. Food distribution centers in Gaza paused on Wednesday to improve operations after 80 Palestinians were reportedly killed in recent days trying to reach the aid. – Staff
Airlines renewed their pledge on emissions. CO2 output occurs across interlinked industries. So setting joint goals can seem overly optimistic, even suspect. At a session that ended Tuesday in New Delhi, the International Air Transport Association, representing about 350 airlines, confirmed its commitment to going net-zero by 2050. While intentions matter, especially with environmentalism under pressure, it won’t be easy. The association points to a shortage of efficient jets and a shortfall of plant-based sustainable aviation fuels – which can’t be imported over distances without negating the emissions gains. – Staff