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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S. Korean children, teens grow taller, mature faster than before: study
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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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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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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Airbus’ Enders named CEO at parent firm
PARIS (AP) ― European plane and arms manufacturer EADS NV named Tom Enders its new CEO on Thursday, saying the German will take over later this year from Louis Gallois.EADS, a German-French conglomerate, is a hallmark of European manufacturing. As the parent company of plane maker Airbus, it competes fiercely with U.S.-based Boeing.The German and French states closely monitor its management, both to ensure the balance of power between the two countries and as a matter of promoting European manuf
World BusinessJan. 27, 2012
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AT&T posts 4Q loss on charges
NEW YORK (AP) ― AT&T Inc. is still the home of the iPhone. It activated 7.6 million of them in the latest quarter, accounting for one out of every five iPhones sold globally.And AT&T remains heavily dependent on the iPhone to gain and keep customers, despite a vow by CEO Randall Stephenson a year ago to “very aggressively” market competing smartphones in 2011. That vow came in the wake AT&T’s loss of an exclusive right to sell the iPhone in the U.S.The iPhone accounted for about 80 percent of th
World BusinessJan. 27, 2012
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BP must pay part of rig owner’s costs
CHICAGO (AFP) ― British oil giant BP must cover some of the eventual claims against rig owner Transocean arising from the Gulf of Mexico oil spill, a U.S. judge ruled Thursday, with any bill set to run into billions of dollars.The mixed ruling found BP must indemnify the Swiss drilling rig operator from “compensatory damages” related to the 2010 spill even if the pollution and its impacts are the result of Transocean’s “gross negligence.”But BP does not need to cover any punitive damages or civi
World BusinessJan. 27, 2012
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U.S. economy gains as businesses spend more
WASHINGTON (AP) ― Businesses are growing more confident in the U.S. economy, investing in more equipment and laying off fewer workers.Government figures on manufacturing and unemployment claims released Thursday raised hopes on the eve of a report on how much the economy grew in the October-December quarter.Still, 2011 ended up as the worst year on record for new-home sales, a reminder that the economy has a long way to go.“Business optimism seems to be picking up, which is critical to the growt
World BusinessJan. 27, 2012
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Davos looks to China’s investments abroad
DAVOS, Switzerland (AP) ― Chinese investment abroad is drawing scrutiny as global leaders increasingly look to China to prop up the world economy, even though some remain wary of the country’s dominance.The head of one of China’s biggest private equity firms said at the World Economic Forum on Thursday that foreign prejudice about Chinese investment is unfair and that Chinese investors are still learning a game that much of the world has been playing for decades.With China’s “state capitalism” b
World BusinessJan. 27, 2012
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Poland signs copyright treaty that drew protests
Poland on Thursday signed an international copyright agreement, sparking more demonstrations by Internet users who have protested for days over fear it will lead to online censorship. Internet activists protest against the international copyright agreement ACTA in front of the European Parliament of
World NewsJan. 27, 2012
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Kyrgyz inmates sew mouths shut
Inmates in the Kyrgyz prison system sewed their mouths shut after guards tried to force-feed them to break a hunger strike, a broadcaster reports. A prisoner on a hunger strike has his mouth sewn with a wire at a prison in Bishkek January 24, 2012. More than 1,000 inmates throughout Kyrgy
World NewsJan. 27, 2012
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NASA: Asteroid may have retained ice
This image obtained by NASA`s Dawn spacecraft shows the south pole of the giant asteroid Vesta. (NASA)GREENBELT, Md., Jan. 25 (UPI) -- NASA says data from its Dawn mission to the asteroid Vesta suggests the rocky body is cold and dark enough to have retained ice for billions of years.Modeling of Ves
World NewsJan. 27, 2012
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Davos calls for global action on cybercrime
DAVOS, Switzerland (AFP) ― International action to snuff out cybercrime is desperately needed, officials and business leaders said here, warning that criminals move at Internet speed while countries drag their feet.Many hackers are no longer just mischievous individuals. Instead well-funded organizations do it for profit, along with spies and terrorists, but many governments are struggling to fight it.“Many countries don’t have laws to criminalize cyber crime, they don’t have means and tools to
World NewsJan. 26, 2012
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Davos elite: Capitalism has widened income gap
DAVOS, Switzerland (AP) ― A four-year economic crisis has left societies battered and widened the gap between the haves and have-nots, financial leaders conceded Wednesday ― with one suggesting that Western-style capitalism itself may be endangered.As Europe struggles with its debt crisis and the global economic outlook remains gloomy at best, there’s a sense at the heavily guarded World Economic Forum that free markets are on trial.Many at the elite economic gathering in the Swiss Alps accept t
World BusinessJan. 26, 2012
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Apple tops Exxon as most valuable firm
NEW YORK (AP) ― Apple briefly surpassed Exxon as the most valuable U.S. company after an excellent quarter, though the oil company has regained the lead at the market’s close. Apple’s stock rose as much as 8 percent, while Exxon’s fell as much as 2 percent during trading Wednesday. Exxon Mobil Corp.’s stock closed up 4 cents at $87.22 for a market capitalization of $418 billion. Apple’s increased 6 percent to $446.66 for a market cap of about $415 billion. Apple said Tuesday that net income in i
World BusinessJan. 26, 2012
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Iran eyes banning oil sales to Europe
Lawmakers to take up bill banning oil exports to European countries in retaliation for embargoTEHRAN (AP) ― Iran’s parliament will begin debating a draft bill requiring the government to immediately halt oil exports to Europe, a prominent lawmaker said Wednesday, as Tehran weighs its options following the European Union’s decision to stop importing oil from the country. The EU embargo, announced on Monday, was the latest attempt to try to pressure Iran over a nuclear program the United States an
World BusinessJan. 26, 2012
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Ailing Portugal’s bond yields hit record highs
LISBON (AP) ― The yield on Portuguese bonds in the secondary market climbed to euro-era records Wednesday amid market fears that the bailed-out country won’t be able to break free of its financial crisis in the near future. The yield on 3-year bonds reached 19.4 percent Wednesday. The rate on 5-year bonds was 18.7 percent and on 10-year bonds was 14.6 percent. Portugal needed a 78 billion-euro ($101 billion) rescue package last year as its high debt load and feeble growth pushed it towards bankr
World BusinessJan. 26, 2012
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Merkel: Europe’s strugglers must reform
German chancellor warns Germany cannot be relied on to bailout all European countriesBERLIN (AP) ― German Chancellor Angela Merkel has stuck to her agenda of reform for Europe’s debt-troubled countries, warning that her country doesn’t have an infinite ability to help.Speaking in an interview with six European newspapers published Wednesday, Merkel also dismissed increasing pressure for the 17 countries that use the euro to beef up their financial firewall, clashing with comments made by Interna
World BusinessJan. 26, 2012
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Greek filmmaker Angelopoulos dies
ATHENS (AP) ― He was known for his slow and dream-like directing style and had enough stamina at 76 to be working on his latest movie.But award-winning Greek filmmaker Theo Angelopoulos was killed in a road accident Tuesday after being hit by a motorcycle while walking across a road close to a movie set near Athens’ main port of Piraeus.The driver, who was also injured and hospitalized, was later identified as an off-duty police officer.The accident occurred while Angelopoulos was working on his
World NewsJan. 26, 2012
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Division in Tahrir as Egyptians mark revolt
CAIRO (AP) ― Crowds of several hundred thousands teemed in Cairo’s Tahrir Square on Wednesday to mark the first anniversary of Egypt’s 2011 uprising, with liberals and Islamists in a competition over the course of the revolution, reflecting the deep political divides since the downfall of longtime leader Hosni Mubarak.Massive groups tens of thousands marched through different neighborhoods of Cairo in processions organized by liberal and secular groups, growing on route and chanting for the mili
World NewsJan. 26, 2012
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Japan kept silent on worst nuclear crisis scenario
TOKYO (AP) ― The Japanese government’s worst-case scenario at the height of the nuclear crisis last year warned that tens of millions of people, including Tokyo residents, might need to leave their homes, according to a report obtained by the Associated Press. But fearing widespread panic, officials kept the report secret.The recent emergence of the 15-page internal document may add to complaints in Japan that the government withheld too much information about the world’s worst nuclear accident
World NewsJan. 26, 2012
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IAEA checks Japan reactor pending safety approval
OHI, Japan (AP) ― Experts from the International Atomic Energy Agency on Thursday began their first inspection of a Japanese nuclear power plant that has undergone official “stress tests’’ ― a key step required to restart dozens of nuclear plants idled in the wake of the Fukushima crisis.A 10-member IAEA team was inspecting the No. 3 and No. 4 reactors at the Ohi nuclear power plant in Fukui, western Japan, where there is a string of reactors.“We look forward to seeing the types of specification
World NewsJan. 26, 2012
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Faulty heart drugs kill nearly 100 in Pakistan
LAHORE, Pakistan (AFP) - Around 100 Pakistani heart patients have died after taking faulty medicine made locally and dozens more are in a critical condition in hospital, government officials said Thursday."Nearly 100 patients have died due to a reaction to heart drugs," said Shahbaz Sharif, the head
World NewsJan. 26, 2012
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Japan kept silent on worst nuclear crisis scenario
TOKYO (AP) _ The Japanese government's worst-case scenario at the height of the nuclear crisis last year warned that tens of millions of people, including Tokyo residents, might need to leave their homes, according to a report obtained by The Associated Press. But fearing widespread panic, officials
World NewsJan. 26, 2012