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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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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S. Korea not to attend Sado mine memorial: foreign ministry
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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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European carmakers may be forced to idle plants on Japan quake
Volkswagen AG, PSA Peugeot Citroen and other European automakers may be forced to halt production in coming weeks as component suppliers in earthquake-ravaged Japan struggle to restart factories.The recovery to normal production levels may take months and cost the industry “billions of euros” in lost revenue, said Lars Holmqvist, head of the region’s Clepa auto suppliers association in a telephone
March 25, 2011
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Portugal woes steal show at EU summit
EU leaders sign off on new crisis strategy amid fears over Portugal’s finances, Irish banksBRUSSELS (AP) ― On the day that EU leaders presented what they hoped was the final version of their plan to solve the region’s debt troubles, their summit in Brussels was overwhelmed by debate over Portugal’s political crisis.The meeting, which concluded early Friday, was supposed to mark the moment when gov
March 25, 2011
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40 Japanese auto suppliers in difficulty, Nissan CEO says
Nissan Motor Co. Chief Executive Officer Carlos Ghosn said about 40 component suppliers in Japan remain in difficulty after the nation’s record earthquake, complicating automakers’ efforts to restart car production.Electronic components, plastics and rubber are in short supply and will affect Japanese automakers and rivals outside the country, Ghosn, 57, said in a telephone interview. Carmakers ar
March 24, 2011
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‘Color’ app shares with people around you
LOS ANGELES (AP) ― We’ve all been to weddings where the bride and groom hand out disposable cameras to capture every angle of their big day. Now, a new application called Color allows you to do something similar with your phone, by sharing your images, videos and comments with anyone who comes within 50 feet of you.The free app figures out if other users are close to you by using a secret blend of
March 24, 2011
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Yen drops on ...speculation G7 to maintain intervention
The yen fell for a second day on speculation the Group of Seven nations will continue to sell the currency to curb its appreciation.The yen slid against all of its 16 major counterparts, extending losses from March 18 after G7 nations followed Japan’s lead and sold the currency as it reached a postwar high, endangering the recovery from its biggest earthquake. The euro rose versus the yen on prosp
March 21, 2011
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‘Disaster could cost Japan $235b’
World Bank: Japan may need 5 years to rebuild from devastating quake, tsunamiSINGAPORE (AP) ― Japan may need five years to rebuild from the catastrophic earthquake and tsunami that has caused up to $235 billion of damage, the World Bank said Monday.The March 11 disaster ― which killed more than 18,000 people and ravaged northeastern Japan ― will likely shave up to 0.5 percentage point from the cou
March 21, 2011
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Sony, Toyota disruptions may last weeks after quake
Toyota Motor Corp. and Sony Corp., two of Japan’s biggest manufacturers, are facing worst-case scenarios of long-term production shortfalls as scores of plants remain closed and workers are idled in the aftermath of the March 11 earthquake and tsunami.“The current situation is still difficult,” Chisato Kitsukawa, a spokesman for Tokyo-based Sony, by phone Saturday. The company has shut eight plant
March 20, 2011
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Nintendo 3DS could help vision theraphy
Optometrists: 3-D screen on Nintendo 3DS could help kids with vision disordersNEW YORK (AP) ― U.S. eye specialists are welcoming the Nintendo 3DS game device, dismissing the manufacturer’s warnings that its 3-D screen shouldn’t be used by children 6 or younger because it may harm their immature vision.On the contrary, the optometrists say, it’s a good idea to get your kids to try the 3-D screen, e
March 20, 2011
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IBM to pay $10m to settle Asian bribe case
WASHINGTON (AFP) ― IBM has agreed to pay $10 million to settle charges it gave cash and gifts to Chinese and South Korean officials to win contracts for mainframe and personal computers and other products.The agreement with the U.S. Securities and Exchange Commission calls for the U.S. computer titan to pay disgorgement of $5.3 million, interest of $2.7 million and a civil penalty of $2 million.Un
March 20, 2011
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U.K. inflation rate rose to 4.2% in Feb.
U.K. inflation probably accelerated at the fastest pace since October 2008 in February, which may sharpen the divide among Bank of England policy makers on whether to raise interest rates to tame price pressures.Consumer prices rose 4.2 percent from a year earlier compared with a 4 percent increase in January, according to the median forecast of 32 economists in a Bloomberg News survey. The Office
March 20, 2011
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Japan recession threat lessens with G7 joint intervention
Japan’s risk of becoming the first Group of Seven member to return to a recession after the global financial crisis eased as the G7 intervened to halt the yen’s appreciation.The G7’s yen sales sent the currency down the most since September, to 80.58 per dollar at the close Saturday in New York, compared with the postwar high of 76.25 reached March 17. Japan’s Vice Finance Minister Fumihiko Igaras
March 20, 2011
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Obama links Brazil trip to U.S. job growth
President emphasizes importance of trade with Brazil to economic growth back homeBRASILIA, Brazil (AP) ― Seeking to link his Latin American tour to job growth back home, President Barack Obama said Saturday the U.S. was eager to sell its goods and services to economically booming Brazil’s growing middle class. The president’s economic message, however, was overshadowed by events in Libya, where a
March 20, 2011
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Oil up in Asia on Gulf tensions
SINGAPORE (AFP) ― Crude rose in Asian trade Friday, pushed up by ongoing tensions in the oil-rich Gulf region and impact from Japan’s nuclear crisis, analysts said.New York’s main contract, light sweet crude for delivery in April, gained $1.65 to $103.07 per barrel while Brent North Sea crude for May was up $1.56 to $116.46.“The initial reaction to Japan is a sharp drop in oil demand in the short-
March 18, 2011
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After earthquake, Japan’s economy faces nuke threat
TOKYO (AFP) ― Japan’s earthquake-battered economy faces a new and unpredictable threat from a deepening nuclear crisis and power blackouts that analysts say could hinder a recovery from the disaster.The 9.0-magnitude tremor and killer tsunami which struck on March 11 are feared to have caused hundreds of billions of dollars in damage to the world’s third-largest economy, although the full impact i
March 18, 2011
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G7 agrees joint intervention to help weaken Japanese yen
WASHINGTON (AP) ― Finance officials from the Group of Seven major industrialized countries on Thursday agreed on a coordinated effort to weaken the Japanese yen, which has surged to record levels following last week’s earthquake and tsunami.A super-strong yen could cripple Japanese exports, further worsening the economic impact of the disaster that killed thousands and triggered an unfolding nucle
March 18, 2011
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Japan carmakers still hobbled after quake
TOYKO (AP) ― The Japanese auto industry remained largely hobbled Thursday, nearly a week after the country’s worst-ever earthquake laid waste to its industrial northeast, although some manufacturers announced plans to resume limited operations.Toyota Motor Corp., the world’s top automaker, will start up plants for producing repair or replacement parts on Thursday. However, the company said it woul
March 17, 2011
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Japan feeds more money to banks
Bank of Japan injects another $61.2 billion into financial systemTOKYO (AP) ― Japan’s central bank pumped another $61.2 billion into the financial system Tuesday to quell fears that the country’s banks could be overwhelmed by the impact of the massive earthquake and tsunami.The injection of 5 trillion yen comes a day after the Bank of Japan fed a record 15 trillion yen into money markets and eased
March 15, 2011
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iPhone clock bungles time change, again
NEW YORK (AP) ― It’s hard enough to get your bearings when the time changes twice a year. It’s all but impossible when your phone starts playing tricks on you, too.Users of Apple’s iPhone peppered Twitter and blogs with complaints Sunday when their phones bungled the one-hour “spring forward” to daylight savings time that went into effect overnight Saturday.One user complained of missing church, a
March 14, 2011
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Japan central bank to inject $183 billion
TOKYO (AP) -- Japan's central bank says it is injecting a record15 trillion yen ($183.8 billion) into money markets to stabilize the financial system after a devastating earthquake and tsunami. The figure is more than double the 7 trillion yen the Bank of Japan had announced earlier in the day. The emergency move comes as the Tokyo stock market plunges nearly6 percent, and worries grew about
March 14, 2011
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Tokyo power utility holds off on power cuts
TOKYO (AP) _ Japan's top government spokesman says Tokyo Electric Power has held off on imposing rolling blackouts, but is calling for all to try to limit electricity use. Chief Cabinet Secretary Yukio Edano says that if necessary, the utility is prepared to go ahead with the power rationing, which was supposed to begin Monday in eight prefectures and cities, including parts of Tokyo. The dec
March 14, 2011
