BANGKOK (AFP) - Several hundred Muslims, many waving banners and shouting "execute people who mock Islam", rallied outside the U.S. embassy and Google offices in Bangkok Thursday to denounce an anti-Islam film that has sparked global protests.The demonstration saw a brief scuffle as protesters tried to surge towards the U.S. embassy through lines of riot officers, but police said it passed largely

World News Sept. 27, 2012

MADRID (AFP) - Spain's government met Thursday to take an axe to spending in a new budget for 2013, unswayed by angry protests but bowed by markets anticipating a full sovereign bailout, and soon.Spain has said it will lop spending and boost taxes to rake in 39 billion euros ($50 billion) in the budget, adding to the pain that sent thousands of protesters into Madrid's streets on the previous two

World Business Sept. 27, 2012

The National Assembly on Thursday passed a bill temporarily reducing taxes on purchases and transfers of homes in a move to boost the slumping housing market.The revision comes after the government announced measures earlier in the year aimed at reviving the real estate market that included halving acquisition taxes and scrapping transfer taxes.Under the revised bill, the tax rate on purchases of

National Sept. 27, 2012

WASHINGTON (AP) -- A grand, aging red-brick house in Washington concealed by a pair of towering magnolia trees has become an unlikely setting for South Korea's festering grievances against Japan and a sign of growing tensions between two staunch U.S. allies.More than a century ago, the building housed the first Korean diplomatic mission in the U.S. But shortly before annexing Korea in 1910, imperi

Foreign Affairs Sept. 14, 2012

BERLIN (AP) -- Germany's Foreign Minister says the country's embassy in the Sudanese capital of Khartoum has been stormed by protesters and set partially on fire.Guido Westerwelle told reporters in Berlin on Friday that the Embassy building was "partially in flames but fortunately... the employees are safe."He says the demonstrators are apparently protesting against an anti-Islam film produced in

World News Sept. 14, 2012

Another powerful typhoon is quickly moving northward and expected to affect all parts of the country early next week, weather officials said Friday.Typhoon Sanba, positioned 830 kilometers south-south-east of Japan's Okinawa, was moving northward at a speed of about 19 kilometers per hour, packing maximum winds of 56 meters per second as of 3 p.m., according to the Korea Meteorological Administrat

Social Affairs Sept. 14, 2012

Statoil ASA hired a supertanker to haul North Sea crude from Mongstad in Norway to South Korea, while Total SA canceled a booking it made yesterday, according to Optima Shipbrokers Ltd.Statoil booked a very large crude carrier, the Front Ariake, to transport crude from Mongstad to South Korea at an undisclosed rate, loading on Oct. 14 to Oct. 15, Athens-based Optima said today. Chartering and Ship

Sept. 14, 2012

The parents of dozens of students attending foreign schools in Seoul were summoned for questioning over suspicions that the students gained admission based on fraudulent documents, prosecutors said Friday.The parents, including the 39-year-old wife of a lawyer working for one of the country's largest law firms, were questioned about submitting fabricated documents to falsely identify their childre

Social Affairs Sept. 14, 2012

A group of writers who defected from North Korea gained membership on Friday to PEN International, a London-based worldwide association of writers pursuing freedom of expression, the group said.PEN International approved the establishment of a PEN center for writers who fled North Korea during the 78th PEN International Congress held in the South Korean tourist city of Gyeongju, southeast of Seoul

North Korea Sept. 14, 2012

The South Korean government has finalized 159 programs for its official development assistance to developing countries, as part of an effort to provide each recipient with customized aid, the Prime Minister's Office said Friday.The selected 159 programs under one of the four categories -- economy, society, governance and future-oriented issues -- were made based upon Seoul's development experience

Foreign Affairs Sept. 14, 2012

WASHINGTON (AP) -- The White House predicts this year's federal budget deficit will end up at $1.2 trillion, marking the fourth consecutive year of trillion dollar-plus deficits during President Barack Obama's administration.The bleak figures, while expected, are sure to add fuel to the already heated presidential campaign, in which Obama's handling of the economy and the budget is a main topic. F

World Business July 28, 2012

TEHRAN (AFP) - Iran is expanding its insurance on its fleet of 47 oil tankers through a multi-billion-dollar line of credit as it seeks to get around EU sanctions crimping its crude exports, reports said on Saturday."Iran is ready to give total insurance for the transport of its oil... and the commitments by Iranian insurers are no different from those by Western insurers and therefore all risks a

World Business July 28, 2012

Korea's knowledge economy minister on Saturday warned that growing calls for economic democracy should not lead to an assault on local conglomerates."Conglomerates have and will continue to contribute to the local economy. (I) oppose indiscriminate attacks on those companies," Knowledge Economy Minister Hong Suk-woo said in a conference held by the Federation of Korean Industries.The FKI, led by G

July 28, 2012