Hundreds join anti-Trump Women’s March in Seoul

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Economic inequality top global risk: WEF

GENEVA (AFP) -- Rising income inequality is seen as the top risk for the global economy in 2017, with reforms to market capitalism increasingly viewed as necessary to ward off a populist backlash, the...

Updated : 2017.01.11 19:57

China forex reserves fall by $320b in 2016

The headquarters of the People’s Bank of China in Beijing. (AFP)BEIJING – China’s foreign exchange reserves fell by $320 billion last year, Beijing announced Saturday, as authorities sought to supp...

Updated : 2017.01.08 18:45

Trumponomics gets the thumbs down from Nobel-winning economists

A pack of Nobel Prize-winning economists gave Donald Trump and his policy plans the thumbs-down on Friday, with one saying the president-elect’s programs could lead to a deep recession.Speaking on a panel during the first day of the annual American Economic Association meeting in Chicago,...

Updated : 2017.01.07 14:16

Apple CEO Tim Cook's pay slumps along with iPhone sales

SAN FRANCISCO (AP) -- Apple penalized CEO Tim Cook for the iPhone maker's first sales slump in 15 years with a 15 percent pay cut.Cook still did extremely well, with a compensation package valued at $8.7 million for Apple's fiscal year that ended Sept. 24, according to a regulatory filing ...

Updated : 2017.01.07 14:12

SpaceX ready to launch again

 WASHINGTON (AFP) - SpaceX says it has determined the cause of a launchpad explosion that destroyed a satellite in September and is ready to start launches again as early as Sunday. An unmanned SpaceX Falcon 9 rocket exploded September 1 in Cape Canaveral, destroying a satellite that Fac...

Updated : 2017.01.03 21:42

China stockmarkets among world's worst in 2016

SHANGHAI (AFP) -- China is the world's second-largest economy and has one of the fastest growth rates of any G20 nation, but its  stock markets have been among the worst performing in the world this year.Starting with a botched attempt to reduce volatility that instead triggered a spect...

Updated : 2016.12.30 18:25

Apple appeals landmark EU tax ruling

BRUSSELS -- Apple on Monday launched a legal challenge against a landmark EU decision that the tech giant pay billions in back-taxes to Ireland, claiming the EU has ignored the law.The European Commission, the EU executive arm, in August ordered iPhone maker Apple to reimburse a record 13 ...

Updated : 2016.12.19 21:00

S. Korea starts 2nd round of FTA talks with Israel

South Korea has started the second round of free trade talks to discuss ways to boost bilateral economic exchanges and investment, the trade ministry said Sunday.   The FTA talks that started in Jerusalem earlier in the day will run through Thursday, according to the Ministry of Trade, I...

Updated : 2016.12.11 14:39

Non-OPEC oil states agree to cuts in 'historic' deal

Eleven countries agreed on Saturday to cut their oil output, teaming up with the OPEC cartel in an exceptional bid to end the world's glut of crude and reverse a dramatic fall in income.Russia and 10 ...

Updated : 2016.12.11 14:18

Eurozone inflation at highest level since April 2014

BRUSSELS (AFP) -- Eurozone inflation rose to a two-and-a-half-year high in November as Europe inched away from very low consumer prices that have threatened an already fragile economic recovery.The level matched forecasts by analysts and will come as a relief to the European Central Bank w...

Updated : 2016.11.30 21:40

OPEC closer to deal to cut oil output, sparking price rally

VIENNA (AP) -- With Saudi Arabia declaring a "critical day" for OPEC, oil ministers of the cartel moved closer Wednesday to end infighting and reach an agreement to cut output for the first time in eight years.The price of oil rallied as chances grew that the 14-nation group will agree on ...

Updated : 2016.11.30 21:21

ECB Warns of Market Correction as Political Instability Spreads

FRANKFURT (Bloomberg) -- The European Central Bank warned that the risk of an abrupt global market correction on the back of rising political uncertainty has intensified, posing a threat to banks, stability and economic growth.“More volatility in the near future is likely and the potentia...

Updated : 2016.11.24 20:22

ADB head says continued engagement in Asia good also for US

MANILA (AP) -- Continued engagement by the United States with Asia under President-elect Donald Trump would be good for both the region and America, the head of the Asian Development Bank said Thursday.Takehiko Nakao, who began his second term as president of the Manila-based development ...

Updated : 2016.11.24 20:08

Time magazine picks 100 most influential photos of all time

A single drop of milk. A newborn baby. The ravages of war and terrorism. The defiance of those who protest and the fear of those entrapped.      All are included in a multimedia project featuring Time magazine's most influential images of all time, released Thursday through a new book,...

Updated : 2016.11.17 21:45

May lays groundwork for post-Brexit India trade deal

NEW DELHI (AFP) - Prime Minister Theresa May said Britain would become the ultimate free trade champion as she laid the groundwork Monday for a potential post-Brexit deal with India, the world's faste...

Updated : 2016.11.07 21:01