Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul Metro to seek legal action against malicious complaints
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Illit, mired in controversy, remains on Billboard charts for 5th week
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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U.S. may base ships in Singapore
WASHINGTON (AFP) ― The United States, facing a rising China but a tighter budget, expects to station several combat ships in Singapore and may step up deployments to the Philippines and Thailand, a naval officer said.The United States has been increasingly vocal about defending freedom of navigation in the South China Sea, where tensions over territorial disputes between Beijing and Southeast Asian nations have been on the rise.In an academic article forecasting the shape of the U.S. Navy in 202
World NewsDec. 18, 2011
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GM ‘cannot support’ plans to save Saab
STOCKHOLM (AP) -- Bankruptcy proceedings remain on the cards for troubled Swedish car maker Saab after former owner General Motors Corp. said Saturday that proposals presented so far to salvage the troubled brand are unacceptable and won’t be supported. Trollhattan-based Saab, bought by Dutch group Swedish Automobile NV in 2010, faces a court-hearing Monday to determine whether it will exit bankruptcy protection. That means that if Saab doesn’t present a viable survival plan, bankruptcy proceedi
World BusinessDec. 18, 2011
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‘N.K. agrees to suspend uranium enrichment’
North Korea has agreed to suspend its enrichment of uranium for nuclear weapons, local reports said Saturday. Citing an unidentified diplomatic source, Yonhap News reported the two countries reached the agreement during recent talks held in Beijing. The sides “reached the agreement based on North Korea’s pledge to implement initial measures of denuclearization that include a suspension of its uranium enrichment program,” Yonhap said. The United States, in return, has agreed to provide up to 240,
World BusinessDec. 18, 2011
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Flash floods kill more than 500 in Philippines
Volunteers use rubber a boat to ferry residents to safer grounds following a flash flood that inundated Cagayan de Oro city, Philippines, Saturday. A tropical storm triggered flash floods in the southern Philippines, killing scores of people and missing more. Mayor Lawrence Cruz of nearby Iligan sai
WorldDec. 18, 2011
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Iranian uranium to go into nuclear plant by Feb.
TEHRAN (AFP) ― Iran is to insert its first domestically produced uranium fuel into its Tehran reactor by mid-February, Foreign Minister Ali Akbar Salehi said in comments published by the IRNA state news agency on Thursday.“Within the next two months the first fuel plate which is produced with the 20 percent enriched uranium will be placed in Tehran’s research reactor,” Salehi, who previously headed Iran’s nuclear organisation, was quoted as saying.His statement was an excerpt from a longer inter
World NewsDec. 16, 2011
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France’s Jacques Chirac convicted of corruption
PARIS (AP) ― As French president, Jacques Chirac was called all sorts of names, not the least for his vociferous opposition to the U.S.-led war in Iraq. Now, he has a moniker that will stick: Convicted criminal.The avuncular 79-year-old on Thursday became France’s first former leader to be convicted since Marshal Philippe Petain, who headed the Nazi collaborationist regime during World War II, in 1945. Chirac will not go to prison, but received a two-year suspended sentence for corruption linked
World NewsDec. 16, 2011
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Russia circulates new U.N. draft on Syria
UNITED NATIONS (AP) ― Russia surprised fellow U.N. Security Council members on Thursday with a proposed new resolution to address the rising violence in Syria.Western members of the council who have been pressing for tough measures against President Bashar Assad’s regime welcomed the move, but said it didn’t go far enough because it didn’t include an arms embargo or other sanctions.Russian Ambassador Vitaly Churkin said the text calls for an end to the violence that the U.N. estimates has killed
World NewsDec. 16, 2011
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U.S. formally ends Iraq war with little fanfare
Panetta touches on losses: Nearly 4,500 Americans, 100,000 Iraqis killed in 9 years of warBAGHDAD (AP) ― Nearly nine years after American troops stormed across the Iraq border in a blaze of shock and awe, U.S. officials quietly ended the bloody and bitterly divisive conflict here Thursday, but the debate over whether it was worth the cost in money and lives is yet unanswered.While many of the speeches painted a picture of victory ― for both the troops and the Iraqi people now set on a path for d
World NewsDec. 16, 2011
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Morgan Stanley to cut 1,600 jobs globally in 2012
Morgan Stanley, the financial firm whose shares have declined 45 percent this year, plans to cut about 1,600 jobs amid an industrywide drop in revenue from investment banking and trading.Reductions will occur in the first quarter of 2012 at all levels of the firm, Mark Lake, a company spokesman, said in an interview Thursday. The figure amounts to about 2.6 percent of the 62,648 employees New York-based Morgan Stanley had at the end of September.Chief Executive Officer James Gorman is grappling
World BusinessDec. 16, 2011
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Unemployment claims at 3.5-year low in U.S.
WASHINGTON (AP) ― The job market is healthier than at any time since the end of the Great Recession.The number of people filing for unemployment benefits fell last week to the lowest since May 2008, a sign that the waves of corporate layoffs that have defined the past few years are all but over.“This is unexpectedly great news,” said Ian Shepherdson, an economist at High Frequency Economics.It will take an additional step ― robust hiring, not just the end of layoffs ― to bring the 8.6 percent un
World BusinessDec. 16, 2011
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US research shows hands-free phones just as risky
WASHINGTON (AP) _ When someone is talking to you, your brain is listening, processing and thinking about what is being said _ even if you are in the driver's seat trying to concentrate on traffic.That is why drivers get distracted during cellphone conversations, even when using hands-free phones, re
World NewsDec. 16, 2011
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Palm-sized baby, 2nd smallest in US, is growing
LOS ANGELES (AP) _ At birth, Melinda Star Guido was so tiny she could fit into the palm of her doctor's hand. Weighing just 9 1/2 ounces (.26 kilograms), she is among the smallest babies ever born in the world. Most infants her size don't survive, but doctors are preparing to send her home by New Ye
World NewsDec. 16, 2011
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Shots fired near Chinese consulate in Los Angeles: police
LOS ANGELES, Dec 15, 2011 (AFP) - Shots were fired at or near the Chinese consulate in Los Angeles on Thursday, but no one was injured, police said, adding that an Asian suspect was being sought."It was a shooting at the building" housing the consulate general, which is between downtown LA and Holly
World NewsDec. 16, 2011
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PC Air set for Laos flights
Small private airline PC Air says it will begin operating charter flights this month with Bangkok-Vientiane service and will start serving China next month.Originally the charter service was to take off around the middle of this year or in the third quarter, but factors such as the flood disaster fo
World NewsDec. 16, 2011
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Iranian uranium to go into nuclear plant mid-February
Iran is to insert its first domestically produced high enriched uranium into its Tehran reactor by mid-February, Foreign Minister Ali Akbar Salehi said in comments published by the state IRNA news agency on Thursday.The announced deadline could sharpen international tensions over Iran's controversia
World NewsDec. 16, 2011
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Gates rules out return to Microsoft helm
SYDNEY (AFP) -- Bill Gates on Thursday ruled out ever returning to the helm of Microsoft while dismissing criticism by late Apple founder Steve Jobs, who he called “brilliant.”Gates, in Sydney for a family holiday, said recent rumors that he was considering a full-time comeback to the U.S. software giant he founded, but stepped back from in 2006, were untrue.In an interview with the Sydney Morning Herald, he said he was busy working with the Bill & Melinda Gates Foundation ”and that will be what
World BusinessDec. 15, 2011
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OPEC agrees to increase oil production
OPEC decided to increase its production ceiling to 30 million barrels a day, the first change in three years, moving the group’s target nearer to current output as it grapples with rising exports from post-war Libya. The new quota is for all members of the Organization of Petroleum Exporting Countries, including Iraq and Libya, and compares with actual November production from those 12 nations of 30.37 million barrels a day, according to OPEC estimates. The target will be reviewed at its next me
World BusinessDec. 15, 2011
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Business confidence loses: BOJ
TOKYO (AP) ― A key central bank survey showed Thursday that confidence at major Japanese manufacturers fell over the last quarter, as the export-reliant country battled a strong yen and an increasingly precarious global economy.In the Bank of Japan’s “tankan” survey of business sentiment, the main index for big manufacturers fell to minus 4, in the first deterioration in two quarters. Three months ago, it stood at 2.The figure represents the percentage of companies saying business conditions are
World BusinessDec. 15, 2011
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Japanese baby survives 10-floor fall
TOKYO (AFP) - A Japanese baby survived a 10-floor fall virtually unscathed after being deliberately dropped by his father from their apartment on Thursday, reports said. (Bloomberg)The one-year-old boy landed in some shrubbery at the bottom of the building, where he was found in tears by police offi
Dec. 15, 2011
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Bootleg liquor kills 102 people in India
KOLKATA, India (AP) ― A tainted batch of bootleg liquor killed 102 people and sent dozens more to the hospital in villages outside the eastern Indian city of Kolkata, officials said.Day laborers and other poor workers began falling ill late Tuesday after drinking the brew that was laced with the toxic methanol around the village of Sangrampur, about 30 kilometers south of Kolkata, according to district magistrate Narayan Swarup Nigam.“It’s a very sad thing that this has happened. Why don’t the p
World NewsDec. 15, 2011