Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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S. Korea not to attend Sado mine memorial: foreign ministry
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Job creation lowest on record among under-30s
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India to launch $45 tablet computer
NEW DELHI (AFP) ― India is set Wednesday to launch its long-awaited low-cost computer, a $45 tablet device designed to bring the information technology revolution to tens of millions of students.The touchscreen computer has a 18-centimeter screen, Wi-Fi Internet access, a media player and 180 minute
Oct. 5, 2011
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Italy government bonds downgraded by Moody's
Moody's Investors Service Monday downgraded Italy's government bond ratings to ``A2'' with a negative outlook from ``Aa2,'' the result of high debt, a weak global economy and political uncertainties that delay corrective action.While the change moves the rating down three notches, it is still invest
Oct. 5, 2011
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Obama sends free trade deals to Congress
WASHINGTON (AFP) ― U.S. President Barack Obama on Monday sent long-stalled free trade deals with Colombia, Panama and South Korea to Congress and pressed lawmakers to approve them “without delay” after years of hold-ups.The pacts, signed under former President George W. Bush, are expected to boost U
Oct. 4, 2011
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Eurozone fights Greek default fears
LUXEMBOURG (AP) ― The eurozone’s financial chiefs were under pressure to find new ways to relieve Greece’s debt crisis on Monday, after Athens acknowledged that its deficit will be higher than it had promised in return for a massive bailout.Greece’s revelation calls into question whether Athens will
Oct. 4, 2011
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U.S. auto sales up in September on big trucks
DETROIT (AP) ― U.S. buyers shrugged off economic worries and snapped up SUVs and pickups last month, surprising the auto industry and raising hopes that a bumpy year will end on a high note.Big trucks typically sell when the housing market and construction industry are strong, gas prices are low and
Oct. 4, 2011
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Tech brands dominate top global brands list
Apple, Google, other tech brands high on global brands list, Nokia falls off top 10 NEW YORK (AP) -- We all want a bite out of Apple, according to a report valuing global brands out Tuesday.The maker of the popular iPhone, iPad2, music players and computers was one of the biggest gainers in an annua
Oct. 4, 2011
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Yahoo, ABC joining forces in news partnership
NEW YORK (AP) -- ABC News and Yahoo Inc. are joining to deliver more online news to their audiences. With the deal, ABC News content will be prominently featured on Yahoo News, the most visited news website in the world. It will also show up on Yahoo‘s popular front page.The partnership comes as a g
Oct. 4, 2011
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S. Korea to seek global currency swap at G20
South Korea is pushing for a global currency swap scheme during the Group of 20 meetings as part of efforts to strengthen the financial safety net against global market turbulences, Seoul officials said Tuesday.The global currency swap scheme is aimed at strengthening the financial safety net by all
Oct. 4, 2011
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Greece to miss deficit targets this year
ATHENS (AP) ― Greece won’t meet 2011-2012 deficit targets imposed by international lenders as part of the country’s bailout, the Finance Ministry said Sunday.The country’s deficit this year is expected to reach 8.5 percent of gross domestic product, or 18.69 billion euros ($25.2 billion) ― higher th
Oct. 3, 2011
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Manufacturing counters China ‘hard landing’
Signs of stability in China’s manufacturing industry in September may ease concern the world’s second-largest economy will suffer a slump in economic expansion that escalates the risk of another global recession. The Purchasing Managers’ Index published Oct. 1 by the China Federation of Logistics an
Oct. 3, 2011
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Wall Street protesters: We’re in for the long haul
NEW YORK (AP) ― The protesters who have been camping out in Manhattan’s Financial District for more than two weeks eat donated food and keep their laptops running with a portable gas-powered generator. They have a newspaper ― the Occupied Wall Street Journal ― and a makeshift hospital.They lack a cl
Oct. 3, 2011
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IBM tops MS for first time in 15 years
International Business Machines Corp. passed Microsoft Corp. to become the world’s second-most valuable technology company, a reflection of industry changes including the shift away from the personal computer. IBM’s market value rose to $214 billion Friday, while Microsoft’s fell to $213.2 billion.
Oct. 2, 2011
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Alibaba ‘interested’ in buying Yahoo
Alibaba Group Holding Ltd. Chairman Jack Ma said he’s “very interested” in buying Yahoo! Inc., the U.S. Web portal that ousted its chief executive officer last month amid stagnant growth and shrinking market share.Ma said he’s had discussions with Yahoo, as well as other potential buyers, without id
Oct. 2, 2011
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Sarkozy says to meet Merkel on eurozone bailout
PARIS (AFP) ― France’s President Nicolas Sarkozy promised on Friday to push Germany over his plan to more closely integrate eurozone economies after meeting Greek Prime Minister George Papandreou in Paris.Sarkozy said he had been convinced by Papandreou’s promise to cut Greece’s debts and deficit, a
Oct. 2, 2011
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Europe eyes controversial financial tax
STRASBOURG (AFP) ― Europe went ahead with landmark proposals to tax the financial sector on Wednesday, ignoring U.S. opposition in a move also sure to provoke a row with London which fears capital flight from the City.On the drawing-board for more than a year, the idea was given fresh impetus last m
Sept. 29, 2011
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U.S. approves two solar loans worth $1 billion
WASHINGTON (AP) ― The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration’s green ene
Sept. 29, 2011
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Fitch lowers Slovenia credit rating
LJUBLJANA (AFP) ― Fitch ratings agency lowered eurozone member Slovenia’s credit rating by one notch to “AA-“ on Wednesday over concerns over its banks and failure to implement reforms to stabilize public finances.“The downgrade of Slovenia is primarily driven by deterioration in the financial posit
Sept. 29, 2011
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France unveils slashed budget
PARIS (AP) ― France proudly presented next year’s budget on Wednesday as the first to cut spending since World War II, as it tries to convince nervous investors that it will get its debts under control.But economists balked at the claim and said the cuts in the 2012 budget are not substantial enough
Sept. 29, 2011
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Greece faces auditors’ verdict
ATHENS (AFP) ― International auditors headed for Greece and Germany’s parliament prepared for a crucial vote on boosting the eurozone rescue fund Thursday, but discord over the debt crisis unnerved global markets.Greece’s global creditors announced their auditors would return to Athens, four weeks a
Sept. 29, 2011
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Finnish lawmakers OK boosting euro bailout fund
HELSINKI (AP)-- The Finnish Parliament has approved expanding the eurozone's bailout fund's powers and increasing Finland's share to (euro) 14 billion ($19 billion). Lawmakers voted 103-66 in favor of the government motion with 31 absent or abstaining. Tuesday's approval was
Sept. 28, 2011
