Most Popular
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Court refuses injunction on medical school expansion
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Is NewJeans headed for a long 'break'?
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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What's next for the government's push in quota hike?
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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Goldman exec hits culture of ‘ripping off’ clients
WASHINGTON (AFP) ― Investment banking titan Goldman Sachs has become a “toxic and destructive” firm focused on milking clients for everything it can, a resigning executive director said Wednesday in the New York Times.Greg Smith said the Wall Street giant, which paid huge penalties for double-dealing with investors in mortgage securities during the financial crisis, had dumped its old culture of honestly helping its customers make money.Today, instead, customers are called “muppets” by top execu
World BusinessMarch 15, 2012
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Fitch warns U.K. may lose ‘AAA’ rating
Fitch Ratings said Britain risks losing its top investment grade because of its limited ability to deal with shocks, days before Chancellor of the Exchequer George Osborne will present his annual budget. Fitch changed the outlook on Britain to “negative” from “stable,” indicating a “slightly greater” than 50 percent chance that the “AAA” rating will be reduced within two years, the company said in a statement in London late Wednesday, citing the weak economic recovery, high debt levels and threa
World BusinessMarch 15, 2012
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Israel, Palestinians trade fire but truce largely holding
JERUSALEM (AFP) ― The Israeli air force and Gaza militants traded sporadic fire on Wednesday night but a fragile truce between the sides that ended four days of violence appeared to be largely holding.Late Wednesday night aircraft struck at farmland near Gaza City and an uninhabited area near the southern town of Khan Yunis, causing no injuries in either case, Palestinian security officials said. The Israeli military said that the raids were in reponse to the firing from the Gaza Strip several h
World NewsMarch 15, 2012
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Newspaper claims to publish private Assad emails
LONDON (AFP) ― A British newspaper on Wednesday published emails it claims were sent by Syrian President Bashar Al-Assad and his wife, allegedly revealing the regime sought advice from Iran on suppressing protests.The Guardian newspaper admits it “is impossible rule out the possibility of fakes” in the cache of over 3,000 emails, which appear also to reveal the lavish lifestyle enjoyed by the leader and his wife, Asma. The newspaper stressed it had made “extensive” efforts to authenticate the em
World NewsMarch 15, 2012
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China’s Bo Xilai ousted from Communist Party
Vice Premier Zhang Dejiang to take over as Chongqing party chiefBEIJING (AP) ― China’s Communist Party replaced one of the country’s most powerful politicians Thursday after weeks of speculation following a trusted aide fleeing to a U.S. consulate, a move that set off a public scandal affecting the country’s looming once-a-decade leadership transition.The move to replace Bo Xilai appears to effectively end the public career of one of China’s most highly ambitious and unusually flamboyant leaders
World NewsMarch 15, 2012
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Obama to Iran: Window of diplomacy shrinking
WASHINGTON (AFP) ― U.S. President Barack Obama on Wednesday warned Iran that the window for diplomacy to solve a nuclear showdown was “shrinking,” stiffening his rhetoric ahead of looming new talks on the issue.Obama sent a public message to Iran as preparations went ahead for a new round of dialogue between global powers and the Islamic Republic, amid rising fears of a military confrontation, possibly triggered by Israel.“In the past, there has been a tendency for Iran in these negotiations to
World NewsMarch 15, 2012
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EU probes five telecoms giants over possible collusion
EU anti-trust chiefs said Wednesday they have asked five European telecoms giants to answer concerns over possible industry collusion.A European Commission spokesman told AFP it had sought answers on “the manner in which standardization for future services in the mobile communications area is taking place.” This followed what the Financial Times said was periodic meetings since 2010 between bosses of Deutsche Telekom, France Telecom, Telefonica, Vodafone and Telecom Italia.Brussels said the mobi
World BusinessMarch 15, 2012
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Cathay Pacific focuses on Asia growth as long-haul demand cools
Cathay Pacific Airways Ltd., Asia’s largest international carrier, plans to focus expansion on regional routes this year as the global economic slowdown damps demand for flights to Europe and the U.S. “Asia’s economies are better than the rest of the world’s at the moment,” Chief Executive Officer John Slosar said in an interview in Hong Kong Thursday. “Traffic around the Asian points is good, we think that’s a pretty good strategy for this year.” The Hong Kong-based airline is adding frequencie
World BusinessMarch 15, 2012
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Outrage over rape victim suicide in Morocco
Morocco's internet activists mobilized on Wednesday in outrage over the suicide of a 16-year-old rape victim who killed herself after she was forced to marry her rapist.An online petition, a facebook page and countless tweets expressed horror of the case of Amina Filali, who swallowed rat poison on
World NewsMarch 15, 2012
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Iranian oil exports to slump, oil demand outlook steady: IEA
Iranian oil exports are likely to fall by nearly half within six months, the IEA said Wednesday while holding its estimate of global oil demand steady for the first time in six months.The report underscored two forces in the oil market, where prices have risen sharply, pushing up energy costs in many sectors. These are the effect of EU sanctions against Iran and other disruptions to supply together with tighter market conditions.For a long period the underlying tone of IEA monthly reports has be
World BusinessMarch 15, 2012
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Fitch lowers UK outlook to ‘negative’, confirms AAA rating
Fitch lowered Britain‘s long-term outlook Wednesday to negative from stable, while confirming its top-level AAA rating.The ratings agency said the revision “reflects the very limited fiscal space to absorb further adverse economic shocks in light of such elevated debt levels and a potentially weaker than currently forecast economic recovery.”The change represented a more than 50 percent chance of a downgrade over the next two years, Fitch said, citing ongoing financial tensions in the eurozone.”
World BusinessMarch 15, 2012
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Romney losses show disgruntled base
WASHINGTON (AP) ― Mitt Romney’s losses in Alabama and Mississippi underscore a stark reality: The core of his party does not want him.And that lingering conservative dissatisfaction ― on display Tuesday night ― threatens to follow the former governor into a general election matchup against a Democratic president whose ability to inspire his base is not in question.Romney’s huge lead in the race for delegates to this summer’s Republican nominating convention seemed forgotten for a night as Rick S
World NewsMarch 15, 2012
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Apple may climb above $700 as iPad sales begin: analysts
Apple Inc., getting a boost from anticipation of the new iPad, rose to a record Wednesday and may climb 19 percent to $700, according to analysts who raised their price targets for the stock. At least four analysts, including Katy Huberty at Morgan Stanley in New York, have increased price targets to $700 or higher in the past two weeks. Apple, based in Cupertino, California, rose 3.8 percent to $589.58 at the close in New York and has gained 46 percent this year. More are likely to boost target
World BusinessMarch 15, 2012
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Chinese Communist Party sacks senior leader: Xinhua
BEIJING (AFP) - Bo Xilai, the charismatic but controversial Communist Party leader of China's Chongqing metropolis, has been removed from his post, the state news agency Xinhua said on Thursday.The move, which comes ahead of a major leadership transition in China's ruling party later this year, foll
World NewsMarch 15, 2012
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Fitch lowers UK outlook to negative, confirms AAA rating
Fitch lowered Britain's long-term outlook Wednesday to negative from stable, while confirming its top-level AAA rating.The ratings agency said the revision "reflects the very limited fiscal space to absorb further adverse economic shocks in light of such elevated debt levels and a potentially weaker
World BusinessMarch 15, 2012
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Azerbaijan arrests 22 suspected of plotting to attack U.S. Embassy
Suspects linked to Iran’s Revolutionary Guards; other alleged targets include Israeli envoyBAKU, Azerbaijan (AP) ― Azerbaijan arrested 22 people on suspicion of plotting attacks on the U.S. and Israeli embassies in Baku on behalf of neighboring Iran, the national security ministry said Wednesday.“Twenty-two citizens of Azerbaijan have been arrested by the national security ministry for cooperating with the Iranian Sepah,” its statement said, referring to the elite Iranian Revolutionary Guards.“
World NewsMarch 15, 2012
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Student sues over urinating in bucket
A 14-year-old girl filed a claim against San Diego Unified School District, saying a teacher told her to urinate in a bucket instead of visiting the bathroom.The teen, whose name was not reported, said in the $25,000 claim Gonja Wolf refused to let the student leave the classroom and ordered her to
World NewsMarch 15, 2012
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Demand for iPad, rivals leads IDC to up forecast
NEW YORK (AP) ― Thanks to strong demand for Apple’s iPad and competing devices such as Amazon’s Kindle Fire, worldwide shipments of tablet computers are likely to grow faster than expected this year, according to a newly revised forecast from a leading market-research group.IDC said shipments in the last three months of 2011 were higher than expected. As a result, the research group now projects shipments of 106 million in 2012, up from its previous forecast of nearly 88 million.The new figure,
World BusinessMarch 14, 2012
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Small tsunami hits Japan after 6.8 quake
TOKYO, March 14, 2012 (AFP) - A minor tsunami hit Japan's northeastern coastline Wednesday, NHK television reported, after a strong earthquake rocked the region nearly a year on from Japan's worst post-war natural disaster.The 10-centimetre (four inch) wave and 6.8 magnitude quake, which struck some
World NewsMarch 14, 2012
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Santorum sweeps southern primaries
Gingrich appears to have placed second in both contests with narrow leads over RomneyWASHINGTON (AP) ― Rick Santorum won the Alabama and Mississippi primaries Tuesday, helping him lock up his position as the chief conservative alternative to front-runner Mitt Romney in the race for the Republican nomination to challenge President Barack Obama.The victories were a blow to Romney, who was running third in both states and had hoped to show he could muster the support of evangelical Christian voters
World NewsMarch 14, 2012