Most Popular
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Inflation eases in April, continues bumpy ride
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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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Seoul alerts overseas missions to NK terror threats
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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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Public backlash against division of Gyeonggi Province under 'corny' name
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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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U.S. service firms grow at fastest pace in a year
U.S. service companies expanded in February at the fastest pace in a year, helped by a rise in new orders and job growth.The Institute for Supply Management said Monday that its index of non-manufacturing activity rose to 57.3, up from January’s 56.8 and the third straight increase. Any reading above 50 indicates expansion.Expansion in the service sector coincides with the lowest unemployment in three years, five straight months of solid to strong job growth and rising consumer confidence.The tr
World BusinessMarch 6, 2012
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Libya buries 170 bodies found in mass grave
Thousands of mourners gathered Monday in the eastern Libyan city of Benghazi to bury 155 bodies unearthed from a mass grave of people were killed during last year‘s civil war.It was the largest grave yet to be discovered from the conflict that began as a popular uprising and ended with the capture and killing of Libyan leader Moammar Gadhafi last October.It illustrated how Libya is struggling to recover from the 10-month civil war that left the nation with weak governing institutions, squabbling
World NewsMarch 6, 2012
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Yahoo! to cut thousands of jobs: report
NEW YORK (AFP) ― Yahoo! is preparing to lay off thousands of workers in a sweeping restructuring being launched less than three months after CEO Scott Thompson took control, according to a report Monday.The Dow Jones website All Things Digital said the shakeup of the struggling Internet giant could come as early as the end of March and could target Yahoo’s public relations and marketing division, research, and region-focused and other marginal businesses.The layoffs “are likely to number in the
World BusinessMarch 6, 2012
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Banks’ deposits at ECB top another new record
FRANKFURT (AFP) ― Banks’ deposits with the European Central Bank have hit yet another new record, data showed Monday, just days after the ECB pumped more than half a trillion euros into banks to unclog seized credit markets.Banks put 820.8 billion euros ($1.08 trillion) on deposit for 24 hours at the ECB overnight Friday, beating the previous record set the day before of 776.9 billion euros.Rising levels of deposits at the central bank are seen by some as a possible sign of market tensions since
World BusinessMarch 6, 2012
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2 found dead after fire on SKorea boat in Uruguay
Uruguayan firefighters say they have found the bodies of two people who died when a South Korean fishing vessel caught fire. Fire department spokesman Leandro Palomeque says the bodies were found near the machine room of the Jung Woo 3. The vessel caught fire Saturday morning and firefighters w
World NewsMarch 6, 2012
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EU ‘open’ to talks on airline tax, but will not change law
BRUSSELS (AFP) ― EU officials said Sunday they will negotiate with international partners angry at what they see as a climate tax on airlines, but refused to change hotly disputed legislation despite fears in Germany.“We have always been open to continuing discussions on the possibility of equivalent measures” outside Europe, Isaac Valero, spokesman for European Union climate action commissioner Connie Hedegaard, told AFP.“This way we hope to reach a global agreement,” he said, referring to a lo
World BusinessMarch 5, 2012
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Screws tighten on European automakers
Carmakers forced to face overcapacity issues as austerity and crisis hit salesMILAN (AP) ― As automakers prepare to roll out new models this week at the Geneva Auto Show ― one of the major events in the automotive calendar ― they are being forced to fight for a slice of an ever-shrinking European market stricken with austerity and recession.On top of this, carmakers are also having to confront the uncomfortable fact that a large number of their production lines are lying idle and eating up valua
World BusinessMarch 5, 2012
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Third rescue plan for Greece likely in 2015: Spiegel
BERLIN (AFP) -- Greece might need a third international rescue package worth 50 billion euros ($66 billion) in 2015, the German weekly magazine Spiegel said on Sunday.The troika of creditors -- the European Union, the European Central Bank, and the International Monetary Fund -- is said to have expressed strong doubt in a preliminary report that Greece would be able to return to the international money markets to borrow in 2015.By then Athens is likely to require 50 billion euros to repay intern
World BusinessMarch 5, 2012
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China billionaire: Private sector needs bigger role
Zong Qinghou, China’s second-richest man, called on the government to increase the role of private business in the economy and said the nation’s prospective next president agrees. The 66-year-old self-made billionaire who is chairman of Hangzhou Wahaha Group Co. and a member of China’s legislature, said the nation should cut taxes and allow private investment in more industries. When Vice President Xi Jinping “comes to power,” he will encourage the development of private enterprise, Zong said in
World BusinessMarch 5, 2012
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IAEA seeks fresh ideas in Iran stalemate
VIENNA (AFP) ― The U.N. atomic agency’s board will be looking for a way out of its impasse with Iran after two fruitless visits probing Tehran’s suspected nuclear weapons drive, in a meeting starting Monday.In a report sent to International Atomic Energy Agency member states on Feb. 24, watchdog chief Yukiya Amano said that after the two trips, on Jan. 29-31 and Feb. 20-21, “major differences” with Tehran remained.The Islamic republic denied access to the Parchin military site near Tehran where
World NewsMarch 5, 2012
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Indonesia zoo giraffe dies with plastic in stomach
An aging giraffe at Indonesia's largest zoo has died with a large lump of plastic found in his stomach, causing concern among zoo officials.Anthan Warsito, the spokesman for the Surabaya Zoo in East Java's capital, says the 30-year-old giraffe _ named ``Kliwon'' _ was sick for several days before dy
World NewsMarch 5, 2012
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Asia fills aviation funding gap amid Europe’s woes
SINGAPORE (AFP) ― Capital-starved airlines worldwide are turning to Asian lenders to fund their ambitious fleet upgrades as the industry’s traditional streams of financing in the West dry up, experts say.In another sign of the world’s shifting economic fortunes, Asian banks, capital markets and leasing firms are stepping in to help airlines cope with rapid growth in travel, according to industry executives and analysts.“In this part of the world there is a lot of financing,” Jim Albaugh, chief e
World BusinessMarch 5, 2012
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Quake researchers warn of Tokyo‘s ’Big One‘
TOKYO (AFP) -- A year on from one of the biggest earthquakes in recorded history, Japanese scientists are warning anew that Tokyo could soon be hit by a quake that will kill thousands and cause untold damage.Greater Tokyo, home to 35 million tightly packed people, has seen a three-fold increase in tectonic activity since the magnitude 9.0 undersea quake that unleashed a killer tsunami last March.Every day, an average of nearly 1.5 quakes are recorded in and around the city, one of the most popul
World NewsMarch 5, 2012
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Telecoms tycoon Slim beats Gates in first daily billionaire ranking
Carlos Slim, the telecommunications tycoon who controls Mexico’s America Movil SAB, is the richest person on Earth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 20 wealthiest individuals. The 72-year-old’s net worth fell $478.4 million in a day to $68.5 billion as of the close of markets on March 2, as U.S. moguls Bill Gates and Warren Buffett placed second and third on the list compiled by Bloomberg News. Brazil’s Eike Batista, who ranks 10th, still covets the t
World BusinessMarch 5, 2012
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Resolution gives rights to sperm
Human sperm would have equal protection under the law under a resolution passed by the Wilmington, Del., City Council last week, its sponsor said.The resolution would confer the "rights of personhood" on every human sperm and would forbid men from destroying their semen, the Philadelphia Inquirer re
World NewsMarch 5, 2012
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Iran on radar as Obama backs Israel
WASHINGTON (AP) ― President Barack Obama said Sunday he would not hesitate to attack Iran to keep it from getting a nuclear bomb, hoping a forceful assurance will discourage Israel from launching a unilateral strike that could ignite the Middle East and drag the U.S. into war.Pleading for time for diplomacy to work, Obama warned that “loose talk of war” was only undermining world security.Addressing a powerful pro-Israel lobbying group, Obama delivered messages to multiple audiences: Israel, Ira
World NewsMarch 5, 2012
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Blast at Congo arms depot kills 206
BRAZZAVILLE, Republic of Congo (AP) ― Homes and buildings collapsed in the Congolese capital after an arms depot exploded Sunday, killing at least 206 people and entombing countless others in crushed structures including inside two churches that buckled while parishioners were celebrating Mass, officials and witnesses said.The shock waves shattered windows in a 5 kilometer radius surrounding the barracks storing the munitions, including across the river that separates Brazzaville, the capital of
World NewsMarch 5, 2012
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Analysis: Social issues constrain Republicans
Once deeply vulnerable, President Barack Obama has seen his fortunes take a dramatic turn for the better as the Republican Party splits between its historic business-friendly establishment and the powerful tug of more conservative and social issues voters.Burdened throughout his term by the most severe economic downturn since the Great Depression of the 1930s, Obama was expected to be hard pressed to hold on the White House in November.But eight months before Election Day, things have changed. T
World NewsMarch 5, 2012
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206 killed in Republic of Congo arms depot blasts
Homes and buildings collapsed in the Congolese capital after an arms depot exploded Sunday, killing at least 206 people and entombing countless others in crushed structures including inside two churches that buckled while parishioners were celebrating Mass, officials and witnesses said. The shock wa
World NewsMarch 5, 2012
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A tearful Putin claims Russian election victory
Vladimir Putin swept Sunday’s presidential election to return to the Kremlin and extend his hold over Russia for six more years, incomplete returns showed. His eyes brimming with tears, he defiantly proclaimed to a sea of supporters that they had triumphed over opponents intent on “destroying Russia
World NewsMarch 5, 2012