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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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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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Fed unlikely to raise rates until at least 2014
WASHINGTON (AP) _ The Federal Reserve went further than ever Wednesday to assure U.S. consumers and businesses that they'll be able to borrow cheaply well into the future.The Fed pushed back the date for any likely increase in its benchmark interest rate by at least a year and a half, until late 201
World BusinessJan. 26, 2012
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New Yahoo! CEO promises action after poor quarter
SAN FRANCISCO (AFP) ― Yahoo!’s brand new chief executive Scott Thompson promised urgent action to turn the company around on Tuesday after it reported another quarter and year of falling income and profits.Thompson, named Yahoo! CEO only on Jan. 4, said the web giant needed to move quickly to exploit its huge bank of user data to regain market share, especially in display ads where it has lost ground.The former PayPal chief stressed that Yahoo! needed to become an agile and “disruptive” force te
World BusinessJan. 25, 2012
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Apple doubles iPhone sales in first quarter
Firm sold 37 million iPhones and 15 million iPads during the holiday season quarterNEW YORK (AP) ― The iPhone is taking over Apple. For the first time, the device that changed how people use mobile phones, accounts for more than half of the behemoth company’s sales. Apple Inc. on Tuesday said it sold 37 million iPhones in the last three months of 2011, vastly exceeding analyst estimates and propelling the company to record quarterly results. The phone accounted for 53 percent of Apple’s revenue
World NewsJan. 25, 2012
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Ford CEO expects Fusion to grab profits without Camry’s crown
Ford Motor Co. Chief Executive Officer Alan Mulally has suggested that his stylish new Fusion sedan is seeking sales supremacy over Toyota Motor Corp.’s Camry. That’s not exactly what the boss wants, executives said. Ford can’t make enough Fusions to outsell the Camry, the top car in the U.S. for the past decade, according to researcher IHS Automotive. Instead, with Fusion, Mulally is aiming for a balance between commanding top dollar for each car and selling a lot more of them. “Between price a
World BusinessJan. 25, 2012
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Fold-up car of the future unveiled at EU
BRUSSELS (AFP) ― A tiny revolutionary fold-up car designed in Spain’s Basque country as the answer to urban stress and pollution was unveiled Tuesday before hitting European cities in 2013.The “Hiriko,” the Basque word for “urban,” is an electric two-seater whose motor is located in the wheels and which folds up like a child’s collapsible buggy, or stroller, for easy parking.Dreamt up by Boston’s MIT-Media lab, the concept was developed by a consortium of seven small Basque firms under the name
World BusinessJan. 25, 2012
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Japan posts first trade deficit in 31 years
Trade deficit stood at $32 billion in 2011, the first time since 1980TOKYO (AP) ― Japan reported its first annual trade deficit since 1980 as it imported expensive energy to offset shortfalls caused by the devastating tsunami and manufacturers shifted production overseas to avoid the damage inflicted by the strong yen. The 2.49 trillion yen ($32 billion) deficit for 2011 reflects a 2.7 percent decline in the value of Japan’s exports to 65.55 trillion yen ($843 billion). In December, the trade b
World BusinessJan. 25, 2012
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IMF, Germany at odds over how to rescue Europe
WASHINGTON (AP) ― Global leaders are sharply at odds over how to rescue Europe from its escalating debt crisis: Should they focus more urgently on economic growth or on budget cuts?The disagreement presents another obstacle to solving the region’s financial crisis, and it pits one of the world’s most important lenders against Europe’s strongest economy.The International Monetary Fund said Tuesday that encouraging growth should be policymakers’ highest priority. It issued the warning on a day whe
World BusinessJan. 25, 2012
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Spain’s ministers clash on budget amid recession
Economy Minister Luis de Guindos said Spain is sticking to its deficit goal even as the economy shrinks, underlining a rift in the month-old Cabinet over whether the nation can halve its shortfall during a recession. De Guindos said the government’s commitment to budget cuts is “total” and there’s “no change” to this year’s target. His comments in Brussels Tuesday came after reporters asked him about Budget Minister Cristobal Montoro’s call on Jan. 22 for the European Union to ease Spain’s 2012
World BusinessJan. 25, 2012
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Oldest U.S. federal judge dies at 104
WICHITA, Kansas (AP) ― U.S. District Judge Wesley Brown, the nation’s oldest sitting federal judge, has died at age 104.Brown died Monday night at the Wichita assisted living center where he lived, his law clerk, Nanette Turner Kalcik, said Tuesday.During his long tenure, the senior judge in Wichita repeatedly tried to explain why he had not yet fully retired from the federal bench.“As a federal judge, I was appointed for life or good behavior, whichever I lose first,” Brown quipped in a 2011 in
World NewsJan. 25, 2012
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N. Korea, Eritrea, Turkmenistan worst states for press: group
PARIS (AFP) ― Syria, Bahrain and Yemen received their worst ever press freedom ranking Wednesday in Reporters Without Borders’ index for 2011, a tumultuous year that saw the downfall of several Arab dictators.Eritrea, North Korea and Turkmenistan came right at the bottom of the 10th annual list by the press freedom group, with the same clutch of European states ― led by Finland, Norway and Estonia ― at the top.This year’s index saw many changes in the rankings that reflect a year in which many m
World NewsJan. 25, 2012
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Egypt partially lifts emergency laws
CAIRO (AP) ― Egypt’s military ruler on Tuesday decreed a partial lifting of the nation’s hated emergency laws, an apparent attempt to ease criticism of his policies ahead of the first anniversary of the popular uprising that toppled Hosni Mubarak.Field Marshal Hussein Tantawi said in a televised address that the draconian laws, in force for more than three decades, would be lifted effective Wednesday but would remain applicable to crimes committed by “thugs.” The military has often labeled organ
World NewsJan. 25, 2012
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Marine to serve no jail time in Iraqi killings
CAMP PENDLETON, California (AP) ― The lone Marine to face sentencing for the killing of two dozen unarmed Iraqis in one of the Iraq War’s defining moments walked away with no jail time Tuesday after defending his squad’s storming of the homes of Haditha as a necessary act “to keep the rest of my Marines alive.”Staff Sgt. Frank Wuterich’s sentence ends a six-year prosecution for the 2005 attack that failed to win any manslaughter convictions. Eight Marines were initially charged; one was acquitte
World NewsJan. 25, 2012
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U.N. chief says disarmament talks may sink
GENEVA (AFP) ― U.N. Secretary General Ban Ki-moon warned Tuesday that the U.N. Conference on Disarmament could fail because of a three-year stalemate over Pakistan’s reluctance to discuss nuclear power.“Today, this distinguished body is no longer living up to expectations,” Ban said at the first of three public sessions scheduled this year, in a speech read out by the top U.N. official in Geneva, Kassym-Jomart Tokayev.“The tide of disarmament is rising, yet the Conference on Disarmament is in da
World NewsJan. 25, 2012
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Obama denounces inequality in key speech
U.S. president vows to step up pressure on China and prevent Iran from getting nuclear weaponWASHINGTON (AP) ― U.S. President Barack Obama on Tuesday used his annual State of the Union policy address to denounce America’s economic inequality, drawing a battle line with Republicans ahead of what is expected to be a tough fight for re-election.The nationally televised speech before a joint session of Congress, one of America’s grandest political events, put Obama back in the spotlight after month
World NewsJan. 25, 2012
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Iraqi town says justice failed victims of US raid
Iraqi security forces inspect the site of a blast after a bomb ripped through a group of workers in Sadr City in Baghdad on January 24, 2012. (AFP)HADITHA, Iraq (AP) _ In this town which saw 24 unarmed civilians die in a U.S. raid seven years ago, residents expressed disbelief and sadness that the M
World NewsJan. 25, 2012
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Fold-up car of the future unveiled at EU
BRUSSELS (AFP) - A tiny revolutionary fold-up car designed in Spain's Basque country as the answer to urban stress and pollution was unveiled Tuesday before hitting European cities in 2013.The "Hiriko", the Basque word for "urban", is an electric two-seater with no doors whose motor is located in th
MobilityJan. 25, 2012
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JFK library releases last of his secret tapes
BOSTON (AP) _ Newly released final recordings President John F. Kennedy secretly made in the Oval Office include an eerie conversation about what would become the day of his funeral.While trying to arrange his schedule, Kennedy remarked that Nov. 25 was shaping up to be a ``tough day'' after his ret
World NewsJan. 25, 2012
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Expats join anti-prostitution flash mob
Expats can commonly be found in Seoul’s large array of bars and restaurants on any given weekend. But on one recent Saturday, a group of 50 expats spent their night roaming the streets of Seoul, not looking for a fun night out, but rather to pick up cards and fliers advertising prostitution. The flash mob, which was organized through Facebook, called for all foreigners in Seoul to give a voice to the voiceless. “We know that this isn’t the most effective way to do things, but with a big group of
World NewsJan. 24, 2012
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Nokia Lumia sales seen topping 1m
Nokia Oyj’s first phones running Microsoft Corp. software may have sold enough units last year to help rebuild investor confidence in the Finnish company, which lost $19 billion in market value in 2011. The Lumia handsets, which went on sale in Europe in November, probably sold 1.3 million units globally to operators and retailers by the end of last year, according to the average estimate of 22 analysts compiled by Bloomberg. The projections range from 800,000 to 2 million and only one analyst p
World BusinessJan. 24, 2012
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600 million new jobs needed in next 10 years, ILO says
GENEVA (AFP) ― The International Labour Organization on Tuesday released a pessimistic report for the global jobs market in 2012 saying urgent attention is needed to create 600 million new jobs in the next 10 years.“Despite strenuous government efforts, the jobs crisis continues unabated, with one in three workers worldwide, or an estimated 1.1 billion people, either unemployed or living in poverty,” said ILO director-general, Juan Somavia, in the Global Employment Trends 2012 report.“What is ne
World BusinessJan. 24, 2012