Most Popular
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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S. Korean children, teens grow taller, mature faster than before: study
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Some junior doctors are returning: Health Ministry
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Army takes group action against Hybe for neglecting BTS
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[Robert J. Fouser] AI changes rationale for learning languages
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Woman dangling from power lines rescued by residents holding blanket
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Naver Q1 net income soars 1,171.9% on growth of major businesses
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IMF approves $36.56 billion funding for Greece
The International Monetary Fund on Thursday approved (euro) 28 billion ($36.56 billion) in funding for crisis-hit Greece over the next four years, while Standard and Poor's warned that the country's new bonds remained vulnerable to default despite this month's massive debt writedown.The IMF's execut
World BusinessMarch 16, 2012
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Co-worker to pay 5 U.S. men millions in lottery suit
Five construction workers who claimed a colleague cheated them out of their share of a multimillion-dollar lottery jackpot have been awarded $4 million each by a New Jersey jury, their lawyer said.A unanimous verdict was reached Wednesday morning by the jury, which heard the lawsuit in state Superio
World NewsMarch 16, 2012
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Saudi Arabia vows to offset oil shortfalls
Saudis say they and other oil suppliers can up exports as markets fret over Iran tensionsKUWAIT CITY (AP) ― Saudi Arabia’s top oil official said Wednesday his country and other oil exporters are ready to offset any shortfalls in supply, as fears of a showdown with Iran over its nuclear program help drive prices higher. The comments from OPEC’s biggest oil producer were followed by a call from a senior American energy official for increased production to relieve what he sees as “tight” markets th
World BusinessMarch 15, 2012
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Eurozone formally OKs new Greece aid
LUXEMBOURG (AP) ― Countries in the 17-nation eurozone on Wednesday formally approved a second bailout for Greece and authorized the release of 39.4 billion euros ($51.44 billion), as they had signaled last week. Jean-Claude Juncker, prime minister of Luxembourg and chairman of meetings of eurozone finance ministers, said the bailout fund ― or European Financial Stability Facility ― will disburse the money in several installments. The decision was a formality, as Greece had already been found to
World BusinessMarch 15, 2012
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Goldman exec hits culture of ‘ripping off’ clients
WASHINGTON (AFP) ― Investment banking titan Goldman Sachs has become a “toxic and destructive” firm focused on milking clients for everything it can, a resigning executive director said Wednesday in the New York Times.Greg Smith said the Wall Street giant, which paid huge penalties for double-dealing with investors in mortgage securities during the financial crisis, had dumped its old culture of honestly helping its customers make money.Today, instead, customers are called “muppets” by top execu
World BusinessMarch 15, 2012
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Fitch warns U.K. may lose ‘AAA’ rating
Fitch Ratings said Britain risks losing its top investment grade because of its limited ability to deal with shocks, days before Chancellor of the Exchequer George Osborne will present his annual budget. Fitch changed the outlook on Britain to “negative” from “stable,” indicating a “slightly greater” than 50 percent chance that the “AAA” rating will be reduced within two years, the company said in a statement in London late Wednesday, citing the weak economic recovery, high debt levels and threa
World BusinessMarch 15, 2012
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Israel, Palestinians trade fire but truce largely holding
JERUSALEM (AFP) ― The Israeli air force and Gaza militants traded sporadic fire on Wednesday night but a fragile truce between the sides that ended four days of violence appeared to be largely holding.Late Wednesday night aircraft struck at farmland near Gaza City and an uninhabited area near the southern town of Khan Yunis, causing no injuries in either case, Palestinian security officials said. The Israeli military said that the raids were in reponse to the firing from the Gaza Strip several h
World NewsMarch 15, 2012
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Newspaper claims to publish private Assad emails
LONDON (AFP) ― A British newspaper on Wednesday published emails it claims were sent by Syrian President Bashar Al-Assad and his wife, allegedly revealing the regime sought advice from Iran on suppressing protests.The Guardian newspaper admits it “is impossible rule out the possibility of fakes” in the cache of over 3,000 emails, which appear also to reveal the lavish lifestyle enjoyed by the leader and his wife, Asma. The newspaper stressed it had made “extensive” efforts to authenticate the em
World NewsMarch 15, 2012
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China’s Bo Xilai ousted from Communist Party
Vice Premier Zhang Dejiang to take over as Chongqing party chiefBEIJING (AP) ― China’s Communist Party replaced one of the country’s most powerful politicians Thursday after weeks of speculation following a trusted aide fleeing to a U.S. consulate, a move that set off a public scandal affecting the country’s looming once-a-decade leadership transition.The move to replace Bo Xilai appears to effectively end the public career of one of China’s most highly ambitious and unusually flamboyant leaders
World NewsMarch 15, 2012
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Obama to Iran: Window of diplomacy shrinking
WASHINGTON (AFP) ― U.S. President Barack Obama on Wednesday warned Iran that the window for diplomacy to solve a nuclear showdown was “shrinking,” stiffening his rhetoric ahead of looming new talks on the issue.Obama sent a public message to Iran as preparations went ahead for a new round of dialogue between global powers and the Islamic Republic, amid rising fears of a military confrontation, possibly triggered by Israel.“In the past, there has been a tendency for Iran in these negotiations to
World NewsMarch 15, 2012
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EU probes five telecoms giants over possible collusion
EU anti-trust chiefs said Wednesday they have asked five European telecoms giants to answer concerns over possible industry collusion.A European Commission spokesman told AFP it had sought answers on “the manner in which standardization for future services in the mobile communications area is taking place.” This followed what the Financial Times said was periodic meetings since 2010 between bosses of Deutsche Telekom, France Telecom, Telefonica, Vodafone and Telecom Italia.Brussels said the mobi
World BusinessMarch 15, 2012
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Cathay Pacific focuses on Asia growth as long-haul demand cools
Cathay Pacific Airways Ltd., Asia’s largest international carrier, plans to focus expansion on regional routes this year as the global economic slowdown damps demand for flights to Europe and the U.S. “Asia’s economies are better than the rest of the world’s at the moment,” Chief Executive Officer John Slosar said in an interview in Hong Kong Thursday. “Traffic around the Asian points is good, we think that’s a pretty good strategy for this year.” The Hong Kong-based airline is adding frequencie
World BusinessMarch 15, 2012
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Outrage over rape victim suicide in Morocco
Morocco's internet activists mobilized on Wednesday in outrage over the suicide of a 16-year-old rape victim who killed herself after she was forced to marry her rapist.An online petition, a facebook page and countless tweets expressed horror of the case of Amina Filali, who swallowed rat poison on
World NewsMarch 15, 2012
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Iranian oil exports to slump, oil demand outlook steady: IEA
Iranian oil exports are likely to fall by nearly half within six months, the IEA said Wednesday while holding its estimate of global oil demand steady for the first time in six months.The report underscored two forces in the oil market, where prices have risen sharply, pushing up energy costs in many sectors. These are the effect of EU sanctions against Iran and other disruptions to supply together with tighter market conditions.For a long period the underlying tone of IEA monthly reports has be
World BusinessMarch 15, 2012
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Fitch lowers UK outlook to ‘negative’, confirms AAA rating
Fitch lowered Britain‘s long-term outlook Wednesday to negative from stable, while confirming its top-level AAA rating.The ratings agency said the revision “reflects the very limited fiscal space to absorb further adverse economic shocks in light of such elevated debt levels and a potentially weaker than currently forecast economic recovery.”The change represented a more than 50 percent chance of a downgrade over the next two years, Fitch said, citing ongoing financial tensions in the eurozone.”
World BusinessMarch 15, 2012
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Romney losses show disgruntled base
WASHINGTON (AP) ― Mitt Romney’s losses in Alabama and Mississippi underscore a stark reality: The core of his party does not want him.And that lingering conservative dissatisfaction ― on display Tuesday night ― threatens to follow the former governor into a general election matchup against a Democratic president whose ability to inspire his base is not in question.Romney’s huge lead in the race for delegates to this summer’s Republican nominating convention seemed forgotten for a night as Rick S
World NewsMarch 15, 2012
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Apple may climb above $700 as iPad sales begin: analysts
Apple Inc., getting a boost from anticipation of the new iPad, rose to a record Wednesday and may climb 19 percent to $700, according to analysts who raised their price targets for the stock. At least four analysts, including Katy Huberty at Morgan Stanley in New York, have increased price targets to $700 or higher in the past two weeks. Apple, based in Cupertino, California, rose 3.8 percent to $589.58 at the close in New York and has gained 46 percent this year. More are likely to boost target
World BusinessMarch 15, 2012
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Chinese Communist Party sacks senior leader: Xinhua
BEIJING (AFP) - Bo Xilai, the charismatic but controversial Communist Party leader of China's Chongqing metropolis, has been removed from his post, the state news agency Xinhua said on Thursday.The move, which comes ahead of a major leadership transition in China's ruling party later this year, foll
World NewsMarch 15, 2012
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Fitch lowers UK outlook to negative, confirms AAA rating
Fitch lowered Britain's long-term outlook Wednesday to negative from stable, while confirming its top-level AAA rating.The ratings agency said the revision "reflects the very limited fiscal space to absorb further adverse economic shocks in light of such elevated debt levels and a potentially weaker
World BusinessMarch 15, 2012
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Azerbaijan arrests 22 suspected of plotting to attack U.S. Embassy
Suspects linked to Iran’s Revolutionary Guards; other alleged targets include Israeli envoyBAKU, Azerbaijan (AP) ― Azerbaijan arrested 22 people on suspicion of plotting attacks on the U.S. and Israeli embassies in Baku on behalf of neighboring Iran, the national security ministry said Wednesday.“Twenty-two citizens of Azerbaijan have been arrested by the national security ministry for cooperating with the Iranian Sepah,” its statement said, referring to the elite Iranian Revolutionary Guards.“
World NewsMarch 15, 2012