Korea educates families of juvenile sex offenders

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Automakers vow not to give up on weak-selling electrics

Top automakers are vowing to press ahead with weak-selling electric vehicles and zero-emissions technology _ even as they unveil powerful, expensive luxury cars aimed at a growing global automarket.At the Geneva International Motor Show, BMW AG CEO Norbert Reithofer said Tuesday his compan...

Updated : 2015.03.03 20:59

South Korea pushes ahead on oil pipe dispute with U.S.

GENEVA (AFP) -- South Korea has pushed forward with its complaint against the United States over anti-dumping tariffs on steel pipes used by the oil industry, the World Trade Organization said Tuesday.Seoul requested consultations with Washington over the matter in December, but South Kore...

Updated : 2015.02.24 21:11

Apple wants to start producing cars as soon as 2020

Apple, which has been working secretly on a car, is pushing its team to begin production of an electric vehicle as early as 2020, people with knowledge of the matter said. The timeframe -- automakers typically spend five to seven years developing a car -- underscores the project’s aggress...

Updated : 2015.02.20 15:50

Greece drops key bailout demands, but Germany still objects

 Greece heads to another round of negotiations Friday after dropping key demands for a bailout settlement, but still faced stiff opposition from lead lender Germany, which criticized Athens' latest p...

Updated : 2015.02.20 11:12

Greek euro exit risk increases with EU ultimatum on support

Greece edged closer to a euro exit after the currency region’s finance ministers said there will be no more talks on financial support unless the Greek government requests an extension of its existing bailout program. After three weeks of sparring since Prime Minister Alexis Tsipras’s el...

Updated : 2015.02.17 20:23

Greece, eurozone thrash out high-stakes debt rescue changes

Greece goes into talks with its eurozone partners Monday demanding changes to a massive international bailout which could lead to its exit from the single currency bloc and into the unknown.In the worst case scenario, a chaotic "Grexit" could jeopardize the whole euro project but analysts ...

Updated : 2015.02.16 12:07

G20 ‘determined’ to lift growth but rifts remain

ISTANBUL (AFP) ― The world’s top 20 economies on Tuesday expressed determination to raise global growth but struggled to overcome divisions over the most suitable methods and how best to resolve the Greek debt crisis.G20 finance ministers and central bank chiefs meeting in Istanbul ackno...

Updated : 2015.02.11 20:03

China’s inflation falls to 5-year-low

BEIJING (AFP) ― China’s inflation plunged to 0.8 percent in January, its lowest level for more than five years, official data showed Tuesday, fuelling fears the world’s second-largest economy is on the brink of a deflationary spiral.The rise in the consumer price index was sharply down ...

Updated : 2015.02.10 21:05

Rapidly-growing Asian airlines race to find qualified pilots

The deadly crash of a TransAsia plane into a river in Taiwan is again focusing the world's attention on the safety challenges facing fast-growing Asian airlines. TransAsia has been adding new routes rapidly since the Taiwanese carrier went public in 2011. TransAsia and others like it are ...

Updated : 2015.02.05 09:49

Greek debt restructuring plan cheers markets

Greece on Tuesday floated proposals to ease the economic pressure generated by its massive foreign debt, boosting stock markets as hopes rose for a deal with its European Union partners.  Italian Prime Minister Matteo Renzi said he believed an accord on the debt terms was possible, and p...

Updated : 2015.02.04 09:46

Jack Ma defends Alibaba amid fakes row

Alibaba founder Jack Ma has defended his company's reputation after authorities accused it of allowing "illegal" actions on its multi-billion-dollar online shopping platform, saying he does not want it to be seen as a hub for fake products.  The Chinese billionaire spoke out after a powe...

Updated : 2015.02.03 15:16

Alibaba’s Ma reclaims Asia’s wealthiest crown

Alibaba chairman Jack Ma. (Bloomberg)Alibaba Group Holding Ltd. Chairman Jack Ma regained his spot as Asia’s richest person with a higher valuation for the company’s finance affiliate ahead of a sto...

Updated : 2015.02.02 20:48

U.S. oil workers launch first large-scale strike since 1980

The United Steelworkers union, which represents employees at more than 200 U.S. oil refineries, terminals, pipelines and chemical plants, began a strike at nine sites on Sunday, the biggest walkout ca...

Updated : 2015.02.02 20:47

H.K. billionaire bets on Europe as China slows

HONG KONG (AFP) ― Famed for his sharp business acumen and knack for perfectly timed investments, Hong Kong billionaire Li Ka-shing is shifting away from a slowing Chinese economy and bargain hunting ...

Updated : 2015.02.02 20:45

Alibaba vows to act against fake goods

BEIJING (AP) ― E-commerce giant Alibaba pledged Friday to do more to fight online sales of counterfeit goods, quickly settling a public dispute with a Chinese regulator after the value of its U.S.-traded shares plunged.Alibaba founder Jack Ma and the director of the Cabinet’s State Admin...

Updated : 2015.02.01 20:53