Most Popular
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Korea enters full election mode
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Immigrant woman stabbed to death by Korean husband
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Official campaigning kicks off for April 10 elections
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Lee Jong-sup resigns as envoy to Australia
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Yellow dust engulfs S. Korea, advisory alert issued
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S. Korea to boost support for single-parent families
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Court upholds jail term for man who attempted to murder ex-girlfriend
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Kia EV9 wins world car of year
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Korea misses out on global bond index boost
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New tech regulation 'inevitable,' Apple CEO says
WASHINGTON (AFP) -- Apple CEO Tim Cook predicts that new regulations of tech companies and social networks to protect personal data are "inevitable."In an interview with news website Axios being broadcast Sunday on HBO television, Cook said he expected the US Congress would take up the matter."Generally speaking, I am not a big fan of regulation," Cook said in an excerpt released by Axios. "I'm a big believer in the free market. But we have to admit when the free market is not working. And it ha
Nov. 20, 2018
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[Newsmaker] Auto titan Ghosn under arrest, faces ouster at Nissan
Nissan chairman Carlos Ghosn faces being fired this week after being arrested in Japan over allegations of financial misconduct, the firm said Monday, in a stunning fall from grace for one of the world's best-known businessmen.Ghosn's arrest and his likely dismissal from Nissan, as well as possibly from Mitsubishi and Renault, sent shockwaves through the auto industry, where he is a towering figure, credited with turning around several major manufacturers.Besides being chairman of Nissan, the 64
Nov. 20, 2018
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At what cost? Debate swirls on 'giveaways' after Amazon HQ deal
As the winners of the biggest corporate prize in decades -- the new Amazon headquarters -- relished their victory, debate was still raging over the billions of dollars in incentives offered to attract the fast-growing US technology colossus.The new Amazon "HQ2" with an estimated $5 billion investment creating 50,000 new jobs will be split between the Long Island City district in New York and Crystal City, a Virginia community across the Potomac River from the US capital Washington.Officials in b
Nov. 19, 2018
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Italy sticks to budget in high-stakes EU standoff
ROME (AFP) -- Italy's populist government defied the European Commission Tuesday by sticking to its big-spending budget plan, risking financial sanctions in a high-stakes standoff with Brussels.Despite pressure from the European Commission, which rejected Rome’s budget outright last month in a first for the EU, Italian Deputy Prime Minister Luigi Di Maio vowed to stand firm on the country's anti-austerity plans.“The budget will not change, neither in its balance sheet nor in its growth forecast.
Nov. 14, 2018
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‘US, China talking trade at all levels’
The US and China have resumed contact “at all levels” over trade ahead of a planned meeting between President Donald Trump and China’s Xi Jinping, White House economic adviser Larry Kudlow said.There’s no certainty that China will cede to US demands in trade negotiations, but “it’s better to talk than to not talk,” Kudlow said in an interview on CNBC Tuesday. A top Chinese negotiator, Liu He, will probably visit Washington shortly to advance “some informal talks,” Commerce Secretary Wilbur Ross
Nov. 14, 2018
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New Amazon HQ split between New York, Washington suburbs
Amazon's "second headquarters" is being split between New York City and the Washington suburbs, the US tech giant announced Tuesday, capping a yearlong contest that saw dozens of cities fight it out for a promised $5 billion investment and 50,000 expected jobs.The chosen locations are Long Island City neighborhood in the New York borough of Queens, across the East River from Manhattan, and the Crystal City section of Arlington, Virginia, across the Potomac from the US capital.Both districts offe
Nov. 14, 2018
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Trump blasts Saudi Arabia over oil
President Donald Trump took aim at Saudi Arabia’s plan to cut oil production on Monday, injecting new tension into an already fraught alliance that has been clouded by US concerns over the killing of journalist Jamal Khashoggi and the ongoing conflict in Yemen.Trump’s efforts to influence oil production threatens to further strain relations between the two historic allies, even as his administration continues to describe the Saudis as a crucial partner in a shared bid to counter Iranian influenc
Nov. 13, 2018
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Stung by Asian dominance, Germany pours cash into EV battery ventures
BERLIN - Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters.The measures, expected to be announced next week, are designed to reduce the dependence of German carmakers on Asianelectric vehicle (EV) battery suppliers and protect German jobs at risk from the shift away from combustion engines.Berlin's push to shap
Nov. 9, 2018
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Poop in hand, Bill Gates backs China's toilet revolution
As one of the world's richest men and most active philanthropists, Bill Gates usually has his hands full. Just not with poop.So it came as a surprise when the founder of Microsoft brandished a jar of human waste at a forum on the future of the toilet in Beijing on Tuesday.The stunt was an effort to draw attention to a problem affecting developing countries around the world: not enough toilets. Microsoft founder Bill Gates talks next to a container with human feces, a stunt to draw attention to t
Nov. 7, 2018
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Amazon considers New York, Virginia amid reports of HQ split
NEW YORK (AP) — After a yearlong search for a second home, Amazon is now reportedly looking to build offices in two cities instead of one, a surprise move that could still have a major impact on the communities it ultimately selects.New York’s Long Island City as well as Crystal City in northern Virginia have emerged as the front runners, according to sources familiar with the talks with Amazon.Selecting those areas would bring more jobs to places that already have plenty. Jed Kolko, the chief e
Nov. 7, 2018
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iPads, Macs get new screens as Apple pushes creativity
NEW YORK (AP) -- Apple’s new iPads will more closely resemble its latest iPhones as they ditch a home button and fingerprint sensor to make more room for the screen.As with the latest iPhone models — the XR and XS —the new iPad Pro will use facial-recognition technology to unlock the device and to authorize app and Apple Pay purchases.Apple also unveiled new Mac computers, including an overdue refresh of the MacBook Air laptop, now with a high-resolution screen. John Ternus, Apple`s V.P. of Hard
Oct. 31, 2018
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IBM buys software company Red Hat for $34b in bid for cloud dominance
WASHINGTON (AFP) -- IBM said Sunday it has reached a deal to buy open source software company Red Hat for $34 billion, among the biggest tech mergers in history which the computing giant said would enhance its cloud offerings.If approved it will be the third biggest tech merger in history, according to business news site CNBC. Red Hat said it was the biggest involving a software company.The deal will see IBM acquire all of the issued and outstanding common shares of Red Hat for $190 per share in
Oct. 29, 2018
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Amazon posts another record profit, but revenue disappoints
NEW YORK (AP) -- Amazon reported another record quarterly profit Thursday, fueled by the growth of online shopping and its cloud-computing service. But its revenue grew less than Wall Street analysts expected, and Amazon's shares fell after the results were released. (AP)The company, based in Seattle, has boosted its profitability as it expanded far beyond online shopping. For years, the company posted razor-thin quarterly profits, spending most of what it earned on building warehouses and mak
Oct. 26, 2018
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Tesla delivers on Elon Musk’s 3Q profit pledge
SAN FRANCISCO, Calif. (AP) -- Tesla Motors delivered on CEO Elon Musk’s promise to make money during its latest quarter after fulfilling his pledge to boost production of its first electric car designed for the mass market.The company earned $311.5 million during the three months ending in September, swinging from a loss of $619 million at the same time last year. It’s only the third time that Tesla has posted a quarterly profit in its eight-year history as a public company and the first time in
Oct. 25, 2018
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Apple chief pushes for US privacy law
Apple CEO Tim Cook on Wednesday said the United States needs a federal privacy law to protect the personal data of internet users."We at Apple are in full support of a comprehensive federal privacy law in the United States," Cook told a conference in Brussels.He said such a law should allow for personal data to be minimized and force companies to de-identify customer data or not collect them in the first place.Users should also have the right to know what data are being collected and what for, a
Oct. 24, 2018
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Starbucks opens first sign language store in US
Rebecca Witzofsky, a 20-year-old deaf student at Gallaudet University in Washington, and her hearing friend Nikolas Carapellatti wanted to get a coffee. But on Tuesday, Witzofsky finally didn't have to struggle to make her order understood.US coffee giant Starbucks opened its first "signing store" in the United States in northeast Washington near the campus of Gallaudet, the world's only university with an entire curriculum designed to accommodate the deaf and hard-of-hearing.At the store, all s
Oct. 24, 2018
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iPhone XR makes the right trade-offs for a cheaper price
Apple offers you a simple trade-off with its new iPhone XR, the middlebrow cousin to the top-of-the-line iPhone XS.On one hand, the XR lacks the high-resolution screen and dual-lens camera found on the XS. On the other, you’d save at least $250 and still get most of the other cutting-edge features found on the more expensive model. (AP)Based on several days of testing, it looks like Apple made the right cost-cutting trade-offs with the XR, which starts selling Friday for about $750. The standard
Oct. 24, 2018
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Germany urges global minimum tax for digital giants
German Finance Minister Olaf Scholz said in an interview for publication Sunday he backed a global minimum fiscal regime for multinationals as Europe looks to levy tax notably on US tech giants."We need a minumum tax rate valid globally which no state can get out of (applying)," Scholz, a social democrat in conservative Chancellor Angela Merkel's coalition government, told the "Welt am Sonntag" weekly.Europe is trying to devise a strategy to tax profits from the likes of Google, Amazon, Facebook
Oct. 21, 2018
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Merkel says 'still a chance' for deal on Brexit
BERLIN - German Chancellor Angela Merkel said Wednesday that there was "still a chance" for an accord with Britain to leave the EU but that Berlin was preparing for a no-deal Brexit. German chancellor Angela Merkel arrives for a session of the German parliament ahead of an EU summit focused on Brexit, on October 17, 2018 in Berlin. (AFP)"There is still a chance to achieve a good and sustainable exit accord," Merkel told parliament ahead of a crunch EU summit in Brussels that will focus on Brexit
Oct. 17, 2018
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Facebook says it purged more than 800 spam accounts, pages
NEW YORK (AP) -- Facebook says it has purged more than 800 US pages and accounts for spamming users with garbage links and clickbait.Facebook accuses their backers of "coordinated inauthentic behavior" for setting up networks of pages and accounts designed to mislead users about who they are and what they're doing. (AFP)The social network says these accounts spread "sensational political content" designed to drive people to ad-laden websites outside Facebook. In the past, such spammers have ofte
Oct. 12, 2018