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The pound struggled at 32-year lows against the dollar in Asia on Monday after reports said British Prime Minister Theresa May was ready to take the country out of the European Union in a so-called "hard Brexit". Sterling's retreat came with losses on most Asian stock markets as investors nervously await Donald Trump's inauguration speech on Friday, having been left disappointed at his lack of detail on economic policy at a news conference last week. A number of Sunday newspapers in the UK said May was willing to pull out of the single market, the European customs union and the European Court of Justice, in order to regain control of immigration.
SEOUL, South Korea (AP) — A request by South Korean prosecutors to arrest Lee Jae-yong, the 48-year-old vice chairman and de facto leader of Samsung Electronics, has added to the troubles for the country's most valuable company after a spate of recalls last year.
A Turkish cargo plane crashed into a village near Kyrgyzstan's main airport on Monday, killing at least 37 people and destroying houses after attempting to land in thick fog, authorities said. A massive section of the aircraft's tail billowed smoke as rescuers worked in the village of Dacha-Suu, home to the majority of the dead, a spokesman for the country's emergency services, Muhammed Svarov, told AFP. Zumriyat Rezakhanova, a resident of Dacha-Suu, said the plane fell "right on the homes" where residents were sleeping.