NEW YORK (AP) -- The iPhone is conquering Asia, the home of its strongest competitors. Sales there nearly quadrupled from a year ago and helped Apple Inc. trump analyst expectations for yet another quarter.Apple also said iPad sales worldwide nearly doubled from a quarter ago, a sign that it has left the worst of its supply problems behind.Apple's stock surged nearly 5 percent after the results ca

World Business July 20, 2011

BISHKEK, Kyrgyzstan (AP) -- A powerful earthquake measuring 6.2 struck a mountainous location in southern Kyrgyzstan on the border with Uzbekistan early Wednesday, according to the U.S. Geological Survey.No casualties or serious damage were immediately reported from the temblor, which hit at about 1:35 a.m. local time in an area some 35 kilometers away from the Uzbek city of Ferghana, which has a

World News July 20, 2011

South Korea introduced its first indigenous private aircraft Wednesday in a ceremony also marking the first flight of the light passenger plane, named "Naraon."The plane was unveiled by Korea Aerospace Industries Ltd. (KAI) in Sacheon, 437 kilometers southeast of Seoul. It is the first non-military aircraft developed and built by South Korea, according to the Ministry of Land, Transport and Mariti

Industry July 20, 2011

North Korea has been able to survive unaffected by Arab Spring-style political unrest due to its tolerance for "inconsistencies" like informal markets within a communist state, a top North Korean expert said Tuesday."What makes North Korea still viable and function? We can see all kinds of gaps in this system and one of them is informal markets," Stephen W. Linton, chairman of the Eugene Bell Foun

North Korea July 20, 2011

Stepping back from a confident tone a week earlier, a top White House official said Tuesday that it might not be possible to win congressional approval for pending trade pacts this summer.President Barack Obama's chief of staff, Bill Daley, said the administration remains committed to a plan to send free trade agreements (FTAs) with South Korea, Colombia and Panama to Congress for votes "very soon

July 20, 2011

Amid the increasing popularity of summer camps, the Daily Beast has introduced the top 10 most lavish programs.A program which costs $8,500 for a week topped the list, the site reported. The program called the “Equestrian Teen Tour of Russia,” covers trips to Moscow and St. Petersburg, horse riding education and other cultural activities including opera.Following was “Global Fellows in Social Ente

World News July 19, 2011

SAN FRANCISCO (AFP) -- Infamous hacker group Anonymous launched Monday its own social network after being rejected by Google's freshly-launched online community."Today we welcome you to begin anew," the hacker alliance said at the website anonplus.com, which it described as a platform to distribute information."Welcome to the Revolution -- a new social network where there is no fear... of censorsh

Technology July 19, 2011

South Korea plans to restrict domestic and foreign banks from investing in foreign currency bonds sold within the country for the purpose of won conversion, in a bid to curb short-term foreign debt, the central bank said Tuesday.Since May, the Bank of Korea (BOK) and the financial watchdog have been inspecting banks' handling of so-called "kimchi bonds,"foreign-currency debt sold by local and fore

July 19, 2011

South Korea's state auditor is expected to conduct a special probe as early as later this month to determine the cause behind the frequent malfunctions involving the country's high-speed trains, an official source said Monday.The source said Board of Audit and Inspection (BAI) chairman Yang Kun stressed at a meeting of senior officials that there is a need for a full and detailed examination into

Industry July 19, 2011

Emma Veness, a 26-year-old pregnant woman in the U.K., feels  compelled to eat furniture polish even though she knows her eating disorder could harm her baby. Veness has been diagnosed with a rare eating disorder named pica, and requires medical help according to reports.Her bizarre habits started when she ate bubbles while taking baths as a child. Ever since her pregnancy she began eating polish

July 18, 2011