(ITU) S. Korea clinches US$300 mln in deals at WIS

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New iPhones deliver big profits

SAN FRANCISCO (AFP) ― New big-screen iPhones helped propel Apple’s profit and revenue in the last quarter, as the California tech giant smashed earnings expectations.The company reported on Monday t...

Updated : 2014.10.21 20:28

China’s growth slowest in 5 years

BEIJING (AP) ― China’s economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese lea...

Updated : 2014.10.21 20:27

Fed’s Dudley warns banks must improve culture or be broken up

Banks must change the way employees are compensated and take other steps to fix a corporate culture that encourages misdeeds or face being broken up, said William C. Dudley, president of the Federal R...

Updated : 2014.10.21 20:26

Germany, France to draw up investment plans

BERLIN (AP) ― Germany and France agreed Monday to draw up proposals by the beginning of December to boost investment as they try to come up with a strategy that will help shore up the European econom...

Updated : 2014.10.21 20:26

Russia inspecting more than 200 outlets: McDonald’s

Russian consumer-safety regulators are conducting inspections at more than 200 McDonald’s Corp. restaurants around the country. Russian courts have temporarily closed nine restaurants, the Oak Brook,...

Updated : 2014.10.20 20:50

IBM agrees to pay Globalfoundries $1.5b to take unit in retreat from chips

International Business Machines Corp. agreed to pay Globalfoundries Inc. $1.5 billion to take an unprofitable chip-manufacturing unit off its hands, according to two people with knowledge of the matter. IBM will also receive $200 million worth of assets, making the net value of the deal $1...

Updated : 2014.10.20 20:50

Japan unveils first jet in four decades

KOMAKI, Japan (AFP) ― The first passenger aircraft to be made in Japan in nearly four decades was unveiled Saturday as its manufacturer pushed into the booming regional jet sector with an eye to taki...

Updated : 2014.10.19 20:52

Fed chief says inequality near highest levels in 100 years

WASHINGTON (AFP) ― Federal Reserve chief Janet Yellen warned Friday that the gap between the rich and poor in the United States is widening and is near the highest levels seen in 100 years.In a speec...

Updated : 2014.10.19 20:51

H.K. protests, China slowdown dulls sparkle of luxury market

PARIS (AFP) ― Protests in Hong Kong, an economic slowdown and anticorruption drive in China and a coup in Thailand: Asia is no longer a market of constant growth for luxury goods firms. LVMH, world N...

Updated : 2014.10.19 20:51

Winter gas price deal agreed with Russia: Ukraine

KIEV (AFP) ― Ukraine President Petro Poroshenko confirmed Saturday that an agreement has been reached with Russia on a provisional price for gas deliveries during the coming winter months.Poroshenko said the deal was agreed at talks with his Russian counterpart Vladimir Putin in Milan on ...

Updated : 2014.10.19 20:50

Apple unveils new iPad

CUPERTINO, California (AP) ― Apple unveiled a thinner iPad Thursday with a faster processor and a better camera as it tries to drive excitement for tablets amid slowing demand. The iPad Air 2, at 6.1...

Updated : 2014.10.17 21:18

VW edges GM to hold 2nd place in global sales race

DETROIT (AP) ― Volkswagen barely edged out General Motors for second place in the global auto sales race during the first three quarters of the year, but Toyota was expected to keep its lead to stay ...

Updated : 2014.10.16 20:47

Google tries to upstage Apple with latest devices

SAN FRANCISCO (AP) ― Google is coming out with bigger, more expensive versions of its Nexus phone and tablet to attract more of the affluent consumers who faithfully buy each new generation of Apple’...

Updated : 2014.10.16 20:46

New iPad images leaked

The masters of suspense in Cupertino took the surprise out of their big iPad introduction Thursday. Apple Inc., known for its strict secrecy ahead of product announcements, posted images and some details about its newest iPad tablets on its iTunes website briefly Wednesday, quickly grabbin...

Updated : 2014.10.16 20:45

Italian cabinet OKs tax cuts amid worries about EU approval

Italian Prime Minister Matteo Renzi’s cabinet passed an expansionary budget plan worth 36 billion euros ($46 billion) for next year aimed at revamping the country’s economy with tax cuts and additional spending. The plan, which has raised doubts among economists and experts on whether it...

Updated : 2014.10.16 20:44