SEOUL: South Korea’s finance minister said on Sunday (Mar 12) the country was closely monitoring any impact from the collapse of Silicon Valley Bank on South Korean markets. Top financial officials met on Sunday to discuss the collapse, the biggest bank failure since the 2008 financial crisis, the finance ministry […]
Year: 2023
YOKOHAMA: Nissan Motor Co Ltd on Thursday (Mar 9) said it will overhaul its approach to powertrains for all-electric and hybrid petrol-electric vehicles as it aims to bring hybrid prices in line with those of petrol-powered cars by 2026. The Japanese automaker said it will use the same components across […]
SEOUL: South Korea’s central bank said the lagged effects of its aggressive streak of monetary tightening would have a bigger negative impact on economic growth this year than in 2022. The Bank of Korea (BOK) estimated that its 300 basis points of rate increases in the current tightening cycle would […]
WASHINGTON: The Louisville, Kentucky, police force routinely discriminates against Black residents, uses excessive force and conducts illegal searches, the US Justice Department said on Wednesday, following a probe prompted by Breonna Taylor’s killing in 2020. The department’s findings come nearly two years after US Attorney General Merrick Garland launched the […]
AHMEDABAD, India : Australia’s stand-in captain Steve Smith won the toss and elected to bat as the tourists fielded an unchanged side in the fourth and final test against India in Ahmedabad on Thursday. India, who led the series 2-1, made one change to the line-up that lost to Australia […]
Meta Platforms Inc will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on Monday, only a few months after the Facebook-parent reduced more than 11,000 people from its workforce. The new round of job cuts is being driven by financial […]
BANGKOK : Thailand’s exports are likely to contract 8 per cent in the first quarter of this year from a year earlier as global demand slows, the country’s shippers’ council said on Tuesday. That compared with a previous forecast of a fall of 3.7 per cent in exports in January-March […]
SEOUL: North Korea warned Tuesday (Mar 7) that it would be a “clear declaration of war” if its missiles were shot down during their test launches over the Pacific Ocean. The United States and South Korea have ramped up defence cooperation, including joint drills, in the face of growing threats […]
SHANGHAI: China’s science and technology policies should aim to build the country’s strength and self-reliance, while companies take the lead in pushing innovation, Premier Li Keqiang said on Sunday (Mar 5). The country effectively countered external attempts to suppress and contain China’s development over the past five years by promoting […]
OXON HILL, Maryland: Former US president Donald Trump said Saturday (Mar 4) that he would continue his third presidential campaign even if indicted. “Absolutely, I wouldn’t even think about leaving,” Trump told reporters ahead of a speech at the annual Conservative Political Action Conference. Trump is under investigation by prosecutors […]