Most Popular
-
1
Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
-
2
Seoul bus drivers go on general strike, cause morning rush hour delays
-
3
Korea enters full election mode
-
4
Official campaigning kicks off for April 10 elections
-
5
Dialogue hopes fade as doctors pick hard-liner as new head
-
6
Immigrant woman stabbed to death by Korean husband
-
7
Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
-
8
[Election Battlefield] Political novice to face off star politician in ‘swing district’
-
9
[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
-
10
Court upholds jail term for man who attempted to murder ex-girlfriend
-
Sony halves forecast as yen, movie unit hammer profit
TOKYO(AFP) -- Sony on Thursday halved its full-year profit forecast as it was battered by a near $1 billion writedown on its movie unit while a strong yen also dug into the Japanese firm's bottom line.The dour reading comes as the embattled entertainment giant struggles with a painful restructuring drive that has included layoffs and asset sales after years of huge losses.It said net profit in the nine months to December 31 plunged 80.7 percent to 45.6 billion yen ($405 million) and warned it ex
Feb. 2, 2017
-
Global shares fall on uncertainty over US immigration flap
Shares fell in Europe and Asia on Monday, rattled by weak data and the potential impact of President Donald Trump's travel ban on seven Muslim-majority countries and other immigration actions. KEEPING SCORE: Germany's DAX lost 0.6 percent to 11,744.80 and the CAC 40 in France shed 0.9 percent to 4,798.53. Britain's FTSE 100 also skidded 0.9 percent, to 7,122.43. Dow futures fell 0.2 percent and S&P futures were down 0.3 percent. TRUMP TRAVEL BAN: The executive order signed by Trump on Fri
Jan. 30, 2017
-
750,000 still living under militant rule in Iraq's Mosul: UN
BAGHDAD (AP) -- The U.N. and several aid organizations said Tuesday that an estimated 750,000 civilians are still living under Islamic State rule in the western part of Mosul, the next target of a U.S.-backed Iraqi offensive launched three months ago.Lise Grande, the U.N. Humanitarian Coordinator for Iraq, said the cost of food and basic goods is soaring, water and electricity are intermittent and that some residents are forced to burn furniture to keep warm.Iraqi and Kurdish forces launched a m
Jan. 24, 2017
-
'Court ruling will not change Brexit timetable'
LONDON (AFP) -- Britain still intends to start talks on leaving the European Union by the end of March, despite a Supreme Court ruling that the government must first obtain parliamentary approval, Downing Street said Tuesday."The British people voted to leave the EU, and the government will deliver on their verdict -- triggering Article 50, as planned, by the end of March," a spokesman for Prime Minister Theresa May's office said."Today's ruling does nothing to change that."Brexit minister David
Jan. 24, 2017
-
Trump moves to pull US out of big Asia trade deal
Charting a new American course abroad, President Donald Trump withdrew the United States from the sweeping Trans-Pacific Partnership on Monday, using one of his first actions in office to reject a centerpiece of Barack Obama’s attempts to counter China and deepen US ties in Asia.For Trump, the move was a fulfillment of a central campaign promise. He has repeatedly cast the 12-nation trade pact _ which was eagerly sought by US allies in Asia _ as detrimental to American businesses“Great thing for
Jan. 24, 2017
-
Xiaomi's Barra quits China for Silicon Valley
BEIJING (AFP) -- Hugo Barra, who caused a sensation in 2013 by leaving Google to become a vice president of Chinese smartphone maker Xiaomi, announced Monday he was returning to the United States for health reasons.Barra, under whom Xiaomi was for a time China's best-selling brand, described his experience as a "spectacular" journey but said it was time to return home for a "new adventure". He did not elaborate."But what I've realized is that the last few years of living in such a singular envir
Jan. 23, 2017
-
Economic inequality top global risk: WEF
GENEVA (AFP) -- Rising income inequality is seen as the top risk for the global economy in 2017, with reforms to market capitalism increasingly viewed as necessary to ward off a populist backlash, the World Economic Forum said Wednesday.A survey for the WEF's Global Risks Report, published a week before the group's annual gathering of the world's business and political elites in the luxury Swiss ski resort of Davos, said experts believe rising income and wealth disparity will be the most importa
Jan. 11, 2017
-
China forex reserves fall by $320b in 2016
The headquarters of the People’s Bank of China in Beijing. (AFP)BEIJING – China’s foreign exchange reserves fell by $320 billion last year, Beijing announced Saturday, as authorities sought to support the yuan against a soaring dollar which is encouraging capital outflows.The country’s vast foreign exchange reserves, the largest in the world, slipped to $3.011 trillion at the end of December, the State Administration of Foreign Exchange said on its website. In December the forex reserves dropped
Jan. 8, 2017
-
Trumponomics gets the thumbs down from Nobel-winning economists
A pack of Nobel Prize-winning economists gave Donald Trump and his policy plans the thumbs-down on Friday, with one saying the president-elect’s programs could lead to a deep recession.Speaking on a panel during the first day of the annual American Economic Association meeting in Chicago, the Nobel laureates voiced a variety of concerns about the billionaire developer’s stance, from his haranguing of US companies about their outsourcing plans to the risk that his tax and spending proposals could
Jan. 7, 2017
-
Apple CEO Tim Cook's pay slumps along with iPhone sales
SAN FRANCISCO (AP) -- Apple penalized CEO Tim Cook for the iPhone maker's first sales slump in 15 years with a 15 percent pay cut.Cook still did extremely well, with a compensation package valued at $8.7 million for Apple's fiscal year that ended Sept. 24, according to a regulatory filing made Friday. But the amount was down from nearly $10.3 million in the prior year.The Cupertino, California, company cited a downturn in Apple's revenue and operating profit as the main reason it cut the pay of
Jan. 7, 2017
-
SpaceX ready to launch again
WASHINGTON (AFP) - SpaceX says it has determined the cause of a launchpad explosion that destroyed a satellite in September and is ready to start launches again as early as Sunday. An unmanned SpaceX Falcon 9 rocket exploded September 1 in Cape Canaveral, destroying a satellite that Facebook planned to use to beam high-speed internet to Africa. That marked a setback for the California-based private space firm and its founder Elon Musk, who wants to revolutionize the launch industry by making ro
Jan. 3, 2017
-
China stockmarkets among world's worst in 2016
SHANGHAI (AFP) -- China is the world's second-largest economy and has one of the fastest growth rates of any G20 nation, but its stock markets have been among the worst performing in the world this year.Starting with a botched attempt to reduce volatility that instead triggered a spectacular meltdown, Chinese bourses have spent the year struggling against feckless policymakers, massive capital flight and a languishing currency.The benchmark Shanghai Composite Index (SCI) closed Friday down 12.3
Dec. 30, 2016
-
Apple appeals landmark EU tax ruling
BRUSSELS -- Apple on Monday launched a legal challenge against a landmark EU decision that the tech giant pay billions in back-taxes to Ireland, claiming the EU has ignored the law.The European Commission, the EU executive arm, in August ordered iPhone maker Apple to reimburse a record 13 billion euros ($14 billion) in unpaid taxes in Ireland.The EU, led by its competition chief Margrethe Vestager, accused Ireland of handing Apple a secret tax deal that allowed the iPhone maker to enjoy almost z
Dec. 19, 2016
-
S. Korea starts 2nd round of FTA talks with Israel
South Korea has started the second round of free trade talks to discuss ways to boost bilateral economic exchanges and investment, the trade ministry said Sunday. The FTA talks that started in Jerusalem earlier in the day will run through Thursday, according to the Ministry of Trade, Industry and Energy. The first round of negotiations took place in Seoul in June, seven years after the two countries began discussions on starting FTA talks in 2009. FTA negotiations between Seoul and Jerusal
Dec. 11, 2016
-
Non-OPEC oil states agree to cuts in 'historic' deal
Eleven countries agreed on Saturday to cut their oil output, teaming up with the OPEC cartel in an exceptional bid to end the world's glut of crude and reverse a dramatic fall in income.Russia and 10 other non-OPEC states will reduce their production by more than half a million barrels per day, OPEC announced.The deal will take effect from the start of 2017 and last for six months, though it may be extended depending on market conditions."I am happy to announce that a historic agreement has been
Dec. 11, 2016
-
Eurozone inflation at highest level since April 2014
BRUSSELS (AFP) -- Eurozone inflation rose to a two-and-a-half-year high in November as Europe inched away from very low consumer prices that have threatened an already fragile economic recovery.The level matched forecasts by analysts and will come as a relief to the European Central Bank which has embarked on a highly controversial and massive stimulus programme to boost inflation.The Eurostat statistics agency on Wednesday said consumer prices in the 19-country currency bloc rose by 0.6 percent
Nov. 30, 2016
-
OPEC closer to deal to cut oil output, sparking price rally
VIENNA (AP) -- With Saudi Arabia declaring a "critical day" for OPEC, oil ministers of the cartel moved closer Wednesday to end infighting and reach an agreement to cut output for the first time in eight years.The price of oil rallied as chances grew that the 14-nation group will agree on individual quotas for its members _ the international benchmark for crude oil soared $3.22 to $49.60 a barrel.An OPEC decision to cut production could have an impact on consumers, as oil price increases feed in
Nov. 30, 2016
-
ECB Warns of Market Correction as Political Instability Spreads
FRANKFURT (Bloomberg) -- The European Central Bank warned that the risk of an abrupt global market correction on the back of rising political uncertainty has intensified, posing a threat to banks, stability and economic growth.“More volatility in the near future is likely and the potential for an abrupt reversal remains significant,” the central bank said in its twice-yearly Financial Stability Review published on Thursday.“Elevated geopolitical tensions and heightened political uncertainty amid
Nov. 24, 2016
-
ADB head says continued engagement in Asia good also for US
MANILA (AP) -- Continued engagement by the United States with Asia under President-elect Donald Trump would be good for both the region and America, the head of the Asian Development Bank said Thursday.Takehiko Nakao, who began his second term as president of the Manila-based development bank on Thursday, also said there is a strong case for regional agreements to liberalize trade and investment despite Trump's threat to withdraw from the 12-nation Trans-Pacific Partnership. Nakao made the comme
Nov. 24, 2016
-
Time magazine picks 100 most influential photos of all time
A single drop of milk. A newborn baby. The ravages of war and terrorism. The defiance of those who protest and the fear of those entrapped. All are included in a multimedia project featuring Time magazine's most influential images of all time, released Thursday through a new book, videos and a website. Many of the photos or frames from films are familiar, engrained in the collective conscious, including the Pulitzer Prize-winning ``Falling Man,'' taken on 9/11 by Richard Drew of The As
Nov. 17, 2016