China's envoy opposes possible THAAD deployment in S. Korea: lawmaker

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Russia loses $140b from sanctions

MOSCOW (AFP) ― Russia is losing up to $140 billion a year because of Western sanctions over the Ukraine conflict and plunging oil prices, but President Vladimir Putin has dismissed the economic damage as “not fatal.”“We are losing around $40 billion per year due to geopolitical sanctio...

Updated : 2014.11.25 21:11

Global warming could undermine poverty fight, World Bank says

WASHINGTON (AFP) ― Climate change could undermine efforts to defeat extreme poverty around the globe, the World Bank warned Sunday.In a new report on the impact of global warming, the bank said sharp...

Updated : 2014.11.24 21:00

Judge OKs $450m deal in Apple e-book suit

SAN FRANCISCO (AFP) ― A U.S. judge signed off Friday on Apple’s $450 million legal deal to compensate consumers harmed by an illegal price-fixing conspiracy for electronic books.The settlement negot...

Updated : 2014.11.23 21:06

Toyota recalls 423,000 Lexuses for fuel leaks

DETROIT (AP) ― Toyota is recalling nearly 423,000 Lexus luxury brand cars in the U.S. to fix fuel leaks that can cause fires.The recalls affect the 2006 to 2011 GS, 2007 to 2010 LS and the 2006 to 2011 IS models.Toyota says that the cars’ fuel lines have nickel phosphate plating to prote...

Updated : 2014.11.23 21:06

China building possible airfield in South China Sea, U.S. says

WASHINGTON (AFP) ― China is building a massive island in the South China Sea that could host an airfield in an area where Beijing is locked in bitter territorial disputes with neighboring states, a U.S. military spokesman said Friday.The vast land reclamation project on the Fiery Cross Re...

Updated : 2014.11.23 21:06

ECB head willing to step up stimulus to help economy

FRANKFURT, Germany (AP) ― European Central Bank head Mario Draghi says the eurozone’s chief monetary authority is willing to “step up the pressure” and increase its efforts to stimulate the strugg...

Updated : 2014.11.23 21:05

Tokyo investors cautious over market downturn

TOKYO (AFP) ― Tokyo investors are likely to be cautious this week about a possible market downturn, analysts said last Friday, while political developments in Japan will be a focus ahead of an electi...

Updated : 2014.11.23 21:05

Video games, e-commerce booming in Middle East

ABU DHABI (AFP) ― Video game and e-commerce markets are growing exponentially across the Middle East and North Africa, driven by the mobile revolution and new youth-produced content, according to a s...

Updated : 2014.11.20 21:15

Gulf to reject OPEC cuts to guard oil market share

KUWAIT CITY (AFP) ― Gulf oil producers led by Saudi Arabia will likely reject output cuts at an OPEC meeting next week unless they are guaranteed their market share in a highly competitive market, an...

Updated : 2014.11.20 21:15

Uber investigating if exec broke ‘God’ app rules

SAN FRANCISCO (AP) ― Uber Technologies confirmed Wednesday that it is investigating whether one of its general managers violated the popular car-booking service’s privacy policies by snooping on a reporter’s ride.The probe stems from allegations that Josh Mohrer, general manager of Uber...

Updated : 2014.11.20 21:15

Fed wary over global growth

WASHINGTON (AFP) ― Federal Reserve policymakers saw a potential threat to U.S. growth from the global slowdown and a possible decrease in inflation in their last meeting, according to the minutes pub...

Updated : 2014.11.20 21:14

Chinese tourists step up for Abe

When Jingyan Hou made her first trip to Japan in 1997, the office worker from Beijing spent 200,000 yen ($1,700) during a week-long stay on accommodation, meals, transport and souvenirs. On her second visit this year, she spent that much on just one Louis Vuitton handbag in Tokyo’s Ginza ...

Updated : 2014.11.20 21:14

China manufacturing shows weakness

BEIJING (AFP) ― Manufacturing activity in China stagnated in November, British banking giant HSBC said Thursday, warning of “significant” pressures on the world’s second-largest economy as its key purchasing managers’ index hit a six-month low.HSBC’s preliminary PMI for the month cam...

Updated : 2014.11.20 21:13

Xi says Australia trade deal won’t hurt New Zealand

WELLINGTON (AP) ― Chinese President Xi Jinping said Thursday that his country’s trade deal with Australia won’t hurt neighboring New Zealand because demand from the world’s No. 2 economy remains strong.Xi spoke to media as he swung through New Zealand at the end of a month of courting ...

Updated : 2014.11.20 21:13

[Newsmaker] Uber exec under fire

An executive at Uber Technologies Inc. is facing criticism for saying that the mobile car-booking startup should hire a team of opposition researchers to dig up dirt on journalists who scrutinize the ...

Updated : 2014.11.19 21:36