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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US creates no jobs in August
WASHINGTON (AP) -- U.S. employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession.The government also reported that the unemployment rate remained at 9.1 percent. It was the weakest jobs report since September 201
Sept. 2, 2011
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El-Erian sees ECB cutting interest rates
The European Central Bank will probably cut interest rates as the chance of a recession in the euro zone has risen to 50 percent, Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., said in an interview. “I would expect the ECB to change course,” he said. “They’re going t
Sept. 2, 2011
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U.S. carmakers report strong Aug. sales
Fears that car buyers would stay away from dealerships in August never materialized.Instead, Americans were lured by new models, cheaper financing and the need to replace aging cars. As a result, August sales rose 7.5 percent compared with the same month last year, according to Autodata Corp.Most ma
Sept. 2, 2011
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Sarkozy warns G20 of need for growth above austerity
PARIS (AFP) ― The Group of 20 developed and developing economies must ensure growth first and avoid the risk of a fresh global recession even if budgets are tight, French President Nicolas Sarkozy said Wednesday.Sarkozy, current head of the G20, said France wanted to see its Cannes summit in Novembe
Sept. 1, 2011
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Wen: China to focus on taming inflation
China’s top priority is stabilizing prices and the government doesn’t plan to alter the direction of economic policies, Premier Wen Jiabao said. The slowdown in the economy is “reasonable” and within government expectations, Wen wrote in an article in the ruling Communist Party’s Qiushi magazine. An
Sept. 1, 2011
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Pfizer: New cancer pill gives hope, new strategy
TRENTON, New Jersey (AP) ― Pfizer Inc.’s just-approved drug Xalkori, the first new medicine in more than six years for deadly lung cancer, proves the value of precisely targeting rare diseases linked to gene variants, cancer specialists and Pfizer executives said Tuesday.The drug was approved Friday
Aug. 31, 2011
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Automakers bet consumers want compact cars
Companies to build more compact cars, hoping bumpy economy won’t slow trendDETROIT (AP) ― Automakers are gearing up to make more compact cars this year. It’s another bet on a part of the car market that has thrived this year as consumers fret about the economy but still want a new set of wheels.Gene
Aug. 31, 2011
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U.S. consumer confidence lowest in 2 years
NEW YORK (AP) -- Consumers' confidence in August dropped almost 15 points to the lowest level since April 2009 as worries about the U.S. economy fueled the wildest stock market swings since the financial meltdown in 2008.At a time when Americans are growing increasing worried about a weak job market
Aug. 31, 2011
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Japan’s jobless rate climbs to 4.7% in July
TOKYO (AP) ― Japan’s jobless rate rose for the second straight month in July while household spending fell, the government said Tuesday.The seasonally adjusted unemployment rate climbed to 4.7 percent in July, edging up from 4.6 percent in June. People search job listings on computers at Ikebukuro H
Aug. 30, 2011
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Greek banks to merge, form nation's biggest lender
ATHENS, Greece (AP) -- Greece's second and third largest lenders, Eurobank and Alpha Bank, on Monday announced plans to merge in order to better withstand the country's acute financial crisis.The widely anticipated move would create Greece's biggest bank, and will see a (euro) 500 million ($720
Aug. 29, 2011
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Retailers target Dubai
Limited Brands Inc., operator of the Victoria’s Secret chain, and American Eagle Outfitters Inc. are among retailers seeking a foothold in Dubai as consumer confidence in the emirate reaches a seven-year high. Sales in Dubai are up about 10 percent this year, according to store companies such as Riv
Aug. 29, 2011
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Philippines, China talk trade despite tensions
MANILA (AFP) ― Philippine President Benigno Aquino travels to China this week on a mission to secure billions of dollars in trade deals, with both sides looking to rebuild goodwill amid a bruising territorial row.Aquino’s five-day visit starting Tuesday is held against the backdrop of increasingly s
Aug. 29, 2011
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GM cuts prices to stay atop in China
General Motors Co. is sacrificing profit margins to maintain market share in China, cutting prices of low-cost minivans by as much as 15 percent to offset slowing sales in the world’s largest vehicle market. Propping up minivan sales through sticker-price reductions is crucial for helping Detroit-ba
Aug. 29, 2011
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Greece’s Eurobank, Alpha Bank in merger deal
EFG Eurobank Ergasias SA and Alpha Bank SA, Greece’s second and third-biggest banks, plan to merge to become the country’s biggest lender, two people with knowledge of the matter said.The boards of both institutions will meet to approve the terms of the friendly deal on Monday, one of the people sai
Aug. 28, 2011
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Bernanke offers no new steps, but leans on Congress
JACKSON HOLE, Wyoming (AP) ― Federal Reserve Chairman Ben Bernanke has a message for Congress: Do more to stimulate hiring and growth ― or risk delaying the economy’s return to full health.Bernanke held out the prospect Friday that the Fed may take further steps later to help the economy. But he off
Aug. 28, 2011
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Fed chairman's speech to have limited impact on Korea: gov't
The chief of the Federal Reserve refrained from laying out further steps to boost the fragile U.S. economy, but it is likely to have a limited impact on South Korea's financial markets, officials said Saturday. Fed Chairman Ben Bernanke on Friday stopped short of hinting at the thi
Aug. 27, 2011
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With Jobs out, Apple looks to the future
SAN FRANCISCO (AP) ―Since Steve Jobs’ return to Apple Inc. in 1997 as CEO, the company has been on an unparalleled upswing, highlighted by the immense popularity of the iPad and iPhone.Now, with Jobs no longer leading, Apple will have to prove it can keep its momentum. If the recent past is any indi
Aug. 25, 2011
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Jobs at Apple: Master inventor and marketer
Jobs invented, marketed ever-sleeker gadgets to transform everyday technology, from PC to iPod and iPhoneSAN FRANCISCO (AP) ― Steve Jobs started Apple Computer with a high school friend in a Silicon Valley garage in 1976, was forced out a decade later, then returned to rescue the company. During his
Aug. 25, 2011
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Facebook to let users pre-approve photo tags
SAN FRANCISCO (AP) ― Drunken revelers rejoice: Facebook will now let you decide whether your friends can attach your name to a photo before it is circulated.Currently, your friends can add your name to a photo on Facebook without your consent or knowledge. You can remove it later, but only after lot
Aug. 24, 2011
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‘No recession but weakness will endure’
WASHINGTON (AP) ― Another U.S. recession is not likely over the next 12 months. Neither is any meaningful improvement in the economy.That’s the picture that emerges from an Associated Press survey of leading economists who have grown more pessimistic in recent weeks. They say high unemployment and w
Aug. 24, 2011
