The Korea Herald

[Graphic News] 10 years of iPhone

Jun 29, 2017

Apple's iPhone celebrates its 10th anniversary this week. Ten years after the iPhone debuted on June 29, 2007, the smartphone that started it all is still going strong. The iPhone has changed the w...
Yellen: No new financial crisis in 'our lifetimes’

Jun 28, 2017

LONDON -- Federal Reserve Chair Janet Yellen relayed her hope that another repeat of the financial crisis will not occur "in our lifetimes." Addressing an audience at the British Academy in London o...
China insurance mogul said unable to work, reported detained

Jun 14, 2017

BEIJING (AP) -- The Chinese insurer that owns New York City's Waldorf Astoria Hotel said Wednesday its chairman has turned over his duties to other executives following a report he was detained by re...
Trump sued over business benefits

Jun 13, 2017

WASHINGTON (AFP) -- Maryland and Washington sued President Donald Trump Monday, saying he is violating laws by raking in money from foreign governments and businesses at his luxury hotels and office ...
[Graphic News] China top Asian country in hydropower production

Jun 11, 2017

Hydroelectric power is China’s largest renewable energy source and its second overall, trailing only coal. The country is adding more new installed hydropower capacity than the rest of the Asia combi...
ECB hints at end to easy money policy

Jun 8, 2017

The European Central Bank on Thursday signalled greater confidence in the eurozone economy, as it took what analysts describe as a tentative step towards an exit from its easy-money policy. Policyma...
Japan’s ultralow jobless rate masks grim reality

May 31, 2017

TOKYO (AFP) -- Japanese employers are scrambling to find staff, unemployment is at its lowest level in more than two decades and the labor market is tighter than it was during Japan’s booming bubble ...
China says considering tighter controls on yuan currency

May 26, 2017

SHANGHAI (AFP) - China said Friday it is considering a change to its mechanism for managing its currency to buffer it against market forces, in an apparent step back from liberalisation pledges. The...
US growth in Q1 revised up to 1.2 pct. but still weak

May 26, 2017

WASHINGTON (AP) -- The U.S. economy started 2017 out with a whimper, but it wasn't quite as weak as first thought. The government revised up its January-March growth reading to a rate of 1.2 percent ...
With Macron win confirmed, European market rally hits pause

May 8, 2017

LONDON (AP) -- When Emmanuel Macron topped the first round of voting in the French presidential election two weeks ago, French stocks soared to near-decade highs. On Monday, the reaction to his victo...
[Graphic News] Tablet market extends slide as consumer habits shift

May 8, 2017

IDC reported an 8.5 percent drop in global tablet shipments to 36.2 million. This was the 10th straight quarterly decline for tablets. Apple led the market with a 24.6 percent share in the first qua...
Fitch cuts S. Africa's credit rating to 'junk'

Apr 7, 2017

JOHANNESBURG (AFP) -- Ratings agency Fitch said Friday it had cut South Africa's credit rating to junk status, citing the recent political instability prompted by a controversial cabinet reshuffle. ...
China to create new economic zone outside Beijing

Apr 2, 2017

BEIJING -- China will create a new special economic zone outside Beijing similar to those established in Shenzhen and Shanghai, the government said, in a bid to boost flagging growth and reduce the s...
Stock markets, pound subdued as UK triggers Brexit request

Mar 29, 2017

World stock markets were subdued Wednesday as Britain triggered the start of its exit from the European Union, a formal step that kicks off two years of negotiations that will have wide-ranging conse...
ECB says 'optimistic' for global deal on bank rules

Mar 27, 2017

FRANKFURT (AFP) - Regulators at the European Central Bank said Monday they are "optimistic" that talks on harmonising rules for banks around the world will soon end in a deal. The so-called "Basel I...