South Korea‘s telecom regulator said Wednesday that it decided to slap a fine on Apple Inc. for illegally collecting iPhone users’ location data. Apple violated the country‘s location information laws and was ordered to pay a 3 million won ($2,829) fine, the Korea Communications Commission said in a statement. The commission also ordered the Cupertino, California-based company to make appropriat...

We have stared hard into the abyss of a national default, and the close call with financial Armageddon is starting to make a balanced-budget amendment look good. A stringent restriction on public borrowing, if properly crafted, offers the hope for more fiscal responsibility, less wasteful spending and a slightly less terrifying budgetary process. Yet while a well-crafted amendment looks a little...

People have run out of patience with the government. Chat with someone in the street, at a party or a restaurant, anywhere, and you hear the same complaint rising from a grimacing face: We’re fed up; had more than enough of irresponsible, unreliable, dishonest, self-serving officials in government. And where does this growing exasperation with the country’s political leaders prevail? Everywhere....

A fake Ikea store is operating in Kunming, China, where stores selling Apple counterfeits were recently detected, according to the Netherlands online newspaper nu.nl. The shop is named “11 Furniture,” which sounds similar to “Ikea” in Chinese. The interior and exterior design of the building featuring blue and yellow colors follows exactly that of the iconic stores of the Swedish furniture giant...

Prosecutors have indicted three retired high-ranking Air Force officers including a former four-star general on charges of providing classified military information to the U.S. defense giant Lockheed Martin in recent years, officials said Wednesday. Among them was a former Air Force chief of staff identified only by his surname Kim. Kim, 81, led the Air Force from 1982-84. Since 1995, he has run...

A pet fish which had been only fed with Kit Kat bars is to be put on a diet by London’s Sea Life Aquarium, according to reports. When Gary, a 40-cm-long giant gourami native to South East Asia, first came to the new aquarium, staffs were puzzled by the fish’s refusal to eat. It was later revealed that the previous owner had fed Gary with only Kit Kat bars, which is a candy brand produced by Nes...