DIRS.INFO The most relevant business & tech news

☆ North Korea scraps military deal with South, vows to deploy new weapons at border
▼ + stars: | 2023-11-22 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +5 min

A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, February 7, 2023. Russia and North Korea have denied arms deals but have promised deeper cooperation, including on satellites. South Korea resumed the use of crewed and uncrewed reconnaissance aircraft in the border area on Wednesday, Yonhap news agency reported. Critics have said that the pact weakened Seoul's ability to monitor North Korea, and that Pyongyang had violated the agreement. South Korea has said the North Korean satellite was believed to have entered orbit, but it would take time to assess whether it was operating normally.

Persons: Kim Hong, Kim Jong Un, Vladimir Putin, Moon Jae, Moon Chung, Moon, Kim, Critics, Bruce Klingner, Klingner, Soo, hyang Choi, Josh Smith, David Brunnstrom, Sonali Paul, Ed Davies, Gerry Doyle Organizations: REUTERS, Rights, North, ., U.S . Department of State, CMA, ROK, South Korean, Yonsei University, CIA, U.S, Heritage Foundation, North Korean, Thomson Locations: Gijungdong, North Korea, Panmunjom, South Korea, Rights SEOUL, Seoul, Russia, Pyongyang, . North Korea, Korea, Washington

In Canada, the wild pigs roaming Alberta, Saskatchewan and Manitoba pose a new threat. Wild pigs already cause around $2.5 billion in damage to U.S. crops every year, mostly in southern states like Texas. Eradication of wild pigs is no longer possible in Manitoba and Saskatchewan, Brook said. “The question is: What will be done about it?”Brook said Montana has been the most serious about keeping wild pigs out. It banned raising and transporting wild pigs within the state.

Persons: Ryan Brook, they've, Brook, They've, “, ” Brook, Gary Nohrenberg, Mike Marlow, ” Marlow Organizations: University of Saskatchewan, Canada -, state’s Department of Natural Resources, U.S . Department of Agriculture, USDA Wildlife Services, Wildlife Services, USDA, Feral Swine Locations: MINNEAPOLIS, Canada, Minnesota, North Dakota, Montana, Alberta, Saskatchewan, Manitoba, North America, Texas, Canada - North Dakota, Vermont , New York , Pennsylvania, New Hampshire , Wisconsin, Washington

☆ Britain to Launch South Korea Trade Talks During Yoon Visit
▼ + stars: | 2023-11-20 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

LONDON (Reuters) -Britain and South Korea will launch negotiations on a new free trade agreement (FTA) and sign a new diplomatic accord during a state visit by South Korean President Yoon Suk Yeol this week, Prime Minister Rishi Sunak's office said on Monday. The Downing Street accord will see the countries agree to work closely on areas such as semiconductors - which South Korea is a major producer of - and artificial intelligence. Speaking to members of the South Korean community, Yoon said South Korea and Britain are partners that share universal values of freedom, human rights and rule of law, and form an economic community through trade, Yonhap news reported. The talks on a new trade deal will aim to replace the carry-over trade deal from when Britain left the European Union, which was based on replicating a deal with the EU from 2011 and reduced tariffs in a range of areas. Britain said it hoped a new trade deal would pave the way for increased digital trade and streamline currently complex procedures, and have a new rules of origin chapter.

Persons: Yoon Suk, Rishi Sunak's, Yoon's, King Charles, Charles, Yoon, Sunak, Alistair Smout, Josh Smith, Alistair Bell, Stephen Coates Organizations: South, Britain, Accord, European Union, Trans, Pacific Partnership Locations: Britain, South Korea, Downing, Korea, London, cybersecurity, United States, China, Japan, Seoul

☆ Creative Lee delights South Korea coach Klinsmann
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Faced with a team featuring English Premier League standouts Son Heung-in and Hwang Hee-chan as well as Lee, Singapore kept 10 men behind the ball for much of the Asian qualifying Group C contest in Seoul. "When you play teams that play against you very defensively, you need creativity," Klinsmann told reporters, according to the Yonhap News Agency. Former Germany striker and coach Klinsmann was also impressed with the way Lee tracked back to help out his team defensively. "We coaches try to teach him that it always goes both ways, Luis Enrique at Paris Saint Germain does the same thing," the World Cup winner added. South Korea, looking to qualify for an 11th straight edition of the World Cup finals, take on China in Shenzhen in their second qualifier on Tuesday.

Persons: Korea's Lee Kang, Kim Soo, Juergen Klinsmann, Paris, Paris St Germain, Lee Kang, English Premier League standouts Son Heung, Hwang Hee, Klinsmann, Kang, Lee, Cho Gue, Hwang, Luis Enrique, Paris Saint Germain, Son, Nick Mulvenney Organizations: Soccer, AFC, REUTERS, Paris St, Singapore, English Premier League standouts, Asian, Yonhap News Agency, Paris Saint, Korean, South, Tottenham Hotspur, Thomson Locations: Republic of Korea, Singapore, Seoul, South Korea, Republic, Lee, Germany, China, Shenzhen

☆ Americans say the economy stinks. But they’re spending like it’s great
▼ + stars: | 2023-11-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

There’s a conundrum that economists and political strategists have been chewing on for more than a year: The economy is good, but Americans say it’s lousy. Just 2% of voters say the economy is excellent, according to a New York Times-Siena College poll. But there’s a conundrum within the conundrum, which is that, despite what Americans say, they are not behaving like a people particularly worried about the economy. That’s why Americans are pulling money from their 401(k)s at an alarming rate to pay the bills. For young people living paycheck to paycheck, the dream of homeownership (and the financial security that comes with it) feels frustratingly out of reach.

Persons: CNN Business ’, Bidenomics, Taylor Swift, they’re, It’s, Jay Powell, it’s squishy, don’t Organizations: New, New York CNN, CNN Business, New York Times, Siena, Starbucks Locations: New York, pollsters

☆ North Korea's chances of succeeding in spy satellite launch high -S.Korea
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

SEOUL, Nov 1 (Reuters) - North Korea is in the final stages of preparations for the launch of a spy satellite and the chances of the third attempt succeeding are high, Yonhap news agency reported on Wednesday, citing South Korea's intelligence service. North Korea has made two attempts to launch its first reconnaissance satellite this year that ended in failure as stages of the boosters experienced malfunctions. The North had previously pledged to make a third attempt in October, but has so far shown no indication that it was going ahead with the launch. "North Korea is also seen to be trying to use the Israel-Hamas war in a multifaceted way," Yoo was quoted as saying after the spy agency briefing. The spy agency also said that North Korea dispatched a delegation that mainly consists of experts on artillery to Russia in mid-October, news reports said.

Persons: Yoo Sang, Kim Jong, Kim, Vladimir Putin, Yoo, Jack Kim, Ed Davies Organizations: National Intelligence Service, NIS, Israel, Thomson Locations: SEOUL, North Korea, Russia, Ukraine, Korea, Russian, Moscow, South Korea, Japan, United States, Israel

☆ North Korea's Chances of Succeeding in Spy Satellite Launch High -S.Korea
▼ + stars: | 2023-11-01 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

SEOUL (Reuters) - North Korea is in the final stages of preparations for the launch of a spy satellite and the chances of the third attempt succeeding are high, Yonhap news agency reported on Wednesday, citing South Korea's intelligence service. North Korea has made two attempts to launch its first reconnaissance satellite this year that ended in failure as stages of the boosters experienced malfunctions. The North had previously pledged to make a third attempt in October, but has so far shown no indication that it was going ahead with the launch. "North Korea is also seen to be trying to use the Israel-Hamas war in a multifaceted way," Yoo was quoted as saying after the spy agency briefing. The spy agency also said that North Korea dispatched a delegation that mainly consists of experts on artillery to Russia in mid-October, news reports said.

Persons: Yoo Sang, Kim Jong, Kim, Vladimir Putin, Yoo, Jack Kim, Ed Davies Organizations: National Intelligence Service, NIS, Israel Locations: SEOUL, North Korea, Russia, Ukraine, Korea, Russian, Moscow, South Korea, Japan, United States, Israel

☆ North Korea closes multiple embassies around the world
▼ + stars: | 2023-10-31 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

The North Korean flag flutters at the North Korea consular office in Dandong, Liaoning province, China April 20, 2021. Both Angola and Uganda have forged friendly ties with North Korea since the 1970s, maintaining military cooperation and providing rare sources of foreign currency such as statue-building projects. "This can be a sign of North Korea's difficult economic situation, where it is difficult to maintain even minimal diplomatic relations with traditionally friendly countries." North Korea has formal relations with 159 countries, but had 53 diplomatic missions overseas, including three consulates and three representative offices, until it pulled out of Angola and Uganda, according to the ministry. Correspondence with the Spanish Communist Party released on the party's website showed the North Korean embassy announcing the closing in a letter dated Oct. 26.

Persons: Tingshu Wang, KCNA, Chad O'Carroll, Kim Jong, Hyonhee Shin, Hyunsu Yim, hyang Choi, Josh Smith, Gerry Doyle, Ed Davies Organizations: North, REUTERS, Rights, NK Pro, Spanish Communist Party, North Korean, Thomson Locations: North Korea, Dandong, Liaoning province, China, Rights SEOUL, Spain, Hong Kong, Africa, Korean, Angola, Uganda, Korea, Italy, Madrid, Pyongyang, United States

[1/6] Park Young-soo, whose son died in the Halloween crowd crush a year ago, visits the memorial park where her son's ashes were buried in Pocheon, South Korea, October 24, 2023. She says she may not be able to move on with her life until she sees some kind of accountability from the government. Park is one of more than 100 family members who say the authorities have done little to hold those responsible to account. Relatives of the victims want a special law that would allow an independent and comprehensive investigation into the cause of the crush. "Nothing is reported to us nor communicated to us," said Nari Kim from Austria, who lost her younger brother in the crush.

Persons: Kim Soo, soo, Lee Nam, Lee, Yoon Suk, Lee Sang, Kim Young, Kim, Nari Kim, Jong, Woo Paik, Hyunsu Yim, Daewoung Kim, Heejung Jung, Jimin Jung, Josh Smith, Robert Birsel Organizations: REUTERS, Rights, Interior, National Assembly, Power Party, Korean Society, Thomson Locations: Pocheon, South Korea, Rights SEOUL, Itaewon, Hamilton, Seoul, North Korea, Seoul's, U.S, Japan, Iran, Austria, Korea

☆ South Korea Detains Boat Carrying Suspected North Korean Defectors
▼ + stars: | 2023-10-23 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

SEOUL (Reuters) - South Korean authorities on Tuesday detained a North Korean boat carrying people believed to be seeking to defect from the isolated country, the military said. Most North Korean escapees make their way through China and Southeast Asia, rather than attempting to cross the heavily guarded border between North and South Korea. In 2019, South Korea deported two North Korean fishermen suspected of murdering 16 shipmates aboard their vessel while crossing the sea border. This month, South Korea said it had protested to China over the suspected forced repatriation of a large number of North Koreans, who rights groups say face imprisonment and abuse at the hands of North Korean authorities. A Chinese foreign ministry spokesperson said at the time there were no "so-called defectors" in China, when asked about a report Beijing had deported about 600 North Korean defectors.

Persons: Soo, hyang Choi, Hyonhee, Ed Davies, Gerry Doyle Organizations: Joint Chiefs, Staff, Koreans Locations: SEOUL, North Korean, South, Sokcho, North Koreans, China, Southeast Asia, North, South Korea, Beijing

PARIS (AP) — Police arrested a man climbing Thursday on the Eiffel Tower, leading to visitors being temporarily stranded at the summit — including a reporter for The Associated Press and a Washington, D.C., couple who decided during the wait to get married. But when the lifts were temporarily shut down because of the climber, stranding the couple and others at the top, Khan decided to spring his surprise. “I figured we might be here longer than I imagined," Khan told the AP reporter. "So I didn’t want to miss dinner and she always wanted to be proposed to on or under the Eiffel Tower. Besides, when trapped at the top of a 1,083-foot (330-meter) tower, how can anyone say “No?”Had that happened, “somebody else would be climbing the Eiffel Tower today possibly,” she joked.

Persons: Amir Khan, Kat Warren, Khan, Pat Eaton, Robb, ’, ” Warren, ”, Alice Beunardeau, Beunardeau, she’d, Billie Eilish, “, ’ ”, “ I’m, AP's Eaton, Kathleen, ___ John Leicester, Le Organizations: PARIS, — Police, Eiffel, Associated Press, D.C Locations: Washington, Paris, Connecticut, Versailles, Le Pecq, France

☆ Militaries of S.Korea, Japan and US to Hold First Joint Aerial Drill
▼ + stars: | 2023-10-18 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

SEOUL (Reuters) - South Korea, the United States and Japan will hold a joint aerial exercise near the Korean peninsula, which would be the first time the three countries are conducting such a drill, media reports said on Wednesday. A South Korean defence ministry official declined to confirm or comment on the details of the aerial exercise. But the three countries are "expanding" three-way joint military exercises on the basis of an agreement by their leaders in August at the Camp David summit to bolster cooperation against North Korea's threats, the official said. General Kim Seung-kyum, who chairs the South's Joint Chiefs of Staff, said at a parliamentary hearing last week that the three countries were planning to stage joint aerial drills, local media reported. The U.S. nuclear-capable B-52 bomber, which is currently deployed in South Korea, made a rare flyover at a South Korean defence exhibition on Tuesday.

Persons: David, Kim Seung, Hyunsu Yim, Raju Gopalakrishnan Organizations: Ilbo, Chiefs of Staff, Seoul Locations: SEOUL, South Korea, United States, Japan, U.S, Korean, North Korea

Several Arab countries, including Saudi Arabia, Jordan, Egypt, the United Arab Emirates and Iraq issued statements condemning Israel and accusing its military of bombing the hospital. People gather in Tahrir Square to protest the Gaza hospital blast in Baghdad, Iraq, on October 17. One group made an attempt to “reach it,” but a security source told CNN that security forces dealt with them and pushed them away. Jordanian security forces also used tear gas to disperse the protesters, according to two activists and videos posted to social media. TAP said “mass protests were held on Tuesday night,” in several areas “in solidarity with the Palestinian people” and against Israeli bombardment of Gaza.

Persons: Israel, Jihad, Murtadha, CNN’s Ben Wedeman, Protesters, Zohra Bensemra, Tayyip Erdogan, Joe Biden, Ayman Safadi, Safadi, “ can’t Organizations: CNN, Al, Ahli Baptist Hospital, Israel Defense Forces, Palestinian Islamic, United Arab, West, Anadolu Agency, US State Department, Security, Reuters, TAP, Palestinian Authority, West Bank, Jordan’s Foreign Affairs, IDF, UN, Episcopal, Al Ahli Baptist Hospital Locations: Israel, East, North Africa, Gaza City, Ahli, Saudi Arabia, Jordan, Egypt, United Arab Emirates, Iraq, Lebanon, Kuwait, Tunisia, West Bank, Ramallah, Gaza, Tahrir, Baghdad, Amman , Jordan, Jordanian, Beirut, Iran, Tehran, France, England, America, Esfahan, Qom ., Tunis, Istanbul, Turkish, ”, Jerusalem, Al Ahli, Al

☆ Militaries of S.Korea, Japan and US to hold first joint aerial drill
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

The three countries are likely to conduct the exercise on Sunday and are coordinating the locations, South Korea's Dong-a Ilbo newspaper reported, citing a government source. A South Korean defence ministry official declined to confirm or comment on the details of the aerial exercise. General Kim Seung-kyum, who chairs the South's Joint Chiefs of Staff, said at a parliamentary hearing last week that the three countries were planning to stage joint aerial drills, local media reported. The U.S. nuclear-capable B-52 bomber, which is currently deployed in South Korea, made a rare flyover at a South Korean defence exhibition on Tuesday. In a further sign of growing trilateral security cooperation, South Korea, the United States and Japan have completed work on a three-way communications hotline, Yonhap news agency reported on Tuesday, citing a senior Seoul official.

Persons: Se Jong, Yul Gog Yi, Navy's Arleigh Burke, John Finn, David, Kim Seung, Hyunsu Yim, Raju Gopalakrishnan Organizations: Republic of Korea Navy, Self, Defense Force, U.S, Navy's, Ilbo, Chiefs of Staff, Seoul, Thomson Locations: Republic, SEOUL, South Korea, United States, Japan, U.S, Korean, North Korea

☆ I made about $500,000 in 12 months from the free Substack I started in college. Here's how I scaled it into paid content in 6 months.
▼ + stars: | 2023-10-17 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

I started an investigation into a companyIn my spare time, I started an investigation into a publicly traded company called Care.com, an online babysitting platform. I started my newsletter to get employers' attentionAfter the Care.com story, I decided to start a free newsletter in February 2020, when I was a senior, as a way to get attention from employers. Every Sunday, I'd recap news about short selling in my free newsletter called The Bear Cave. One month into launching the paid newsletter, I saw the business model worked and it could be a full-time job. The Bear Cave now has 53,000 free readers and 1,000 paid subscribers, and I made about $500,000 in revenue over 12 months.

Persons: Edwin Dorsey, Harvey Weinstein, It's Organizations: Street, SEC, YouTube Locations: New York

☆ Sam Bankman-Fried may need a Hail Mary if he wants to win over jurors
▼ + stars: | 2023-10-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Nishad Singh, former director of engineering at FTX, arrives at federal court in New York on Monday. Whether or not to testify is case-dependent, and clients take a big risk in opening themselves up to cross-examination by prosecutors. The Adderall issueSam Bankman-Fried, center, has pleaded not guilty to seven federal counts of fraud and conspiracy. So he’s only getting one in the morning before he’s transferred to the courthouse and one in the evening. While they have not yet presented their case, Bankman-Fried’s lawyers have repeatedly failed to stick the landing when it comes to cross-examining the government’s witnesses.

Persons: CNN Business ’, Sam Bankman, Mary, Nishad Singh, Yuki Iwamura, wouldn’t, ”, Jordan Estes, Kramer Levin, Estes, aren’t, Hail Mary, Elizabeth Williams, Mark Cohen, he’s, Cohen, hasn’t, Fried, Bankman, ” Cohen, Caroline Ellison, you’ll Organizations: CNN Business, New York CNN, Alameda Research, Bloomberg, US Attorney’s, Hail, AP, Metropolitan Detention, of Prisons Locations: New York, Manhattan, Bankman, Alameda, FTX

Zoey’s father worked at the gas station where rescuers tried to save her life, but its manager and corporate owner also declined comment. It doesn’t make any sense,” said Mike Fonkert, deputy director of Kansas Appleseed, whose group also sued the state over its child welfare system. Bradley, who has four kids of her own, said she asked Zoey's mother if she could help in her care. In August 2022, Zoey’s mother was arrested for domestic battery, with her teenage daughter listed as the victim. That same month, Zoey's mom pleaded guilty to felony aggravated battery and driving under the influence, and was sentenced to probation.

Persons: — Zoey Felix's, Zoey, Weeks, Mickel Cherry, ”, Shakti Belway, Cherry, Mark Manna, Zoey’s, “, “ I’m, Laura Howard, Mike Fonkert, Kansas, Shaniqua Bradley, Bradley, Zoey's, ” Bradley, Sasha Camacho, Zoey —, Camacho, Dad, Zoey didn’t, Desiree Myles, Zoey couldn't, Gretchen Spiker, Spiker, Fonkert, —, Sharon Williams, ‘, ” ___ Hollingsworth, Jennifer Farrar, Rhonda Shafner, Randy Herschaft Organizations: Police, for Children, Families, National Center for Youth Law, Defense, Authorities, Associated Press, AP, Department for Children, Topeka, Prosecutors Locations: TOPEKA, Kan, Topeka, Kansas, Zoey’s, Nevada, Mission , Kansas, New York

☆ Polish police cordon off Warsaw square amid reports of bomb threat
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +1 min

WARSAW, Oct 14 (Reuters) - Police cordoned off Warsaw's Pilsudski Square and the surrounding area of the Polish capital on Saturday, with local media reporting that a man had climbed onto a monument in the square and threatened to blow himself up. Private broadcaster Polsat News reported that at around 1130 GMT the man surrendered to police. Its footage showed him climbing down from the monument, taking off his jacket and walking away with his hands in the air. PAP said several hundred officers were involved in an operation around the square. A guest at the Sofitel hotel, which faces the square, said they had been told to only leave the building by the back exit.

Persons: Lech Kaczynski, Maria, Thomas Holdstock, Kuba Stezycki, Alan Charlish, Sharon Singleton, Helen Popper, Mark Potter Organizations: Police, Polsat, Twitter, Reuters, Thomson Locations: WARSAW, Poland, Smolensk

☆ Man surrenders to Polish police after incident that closed Warsaw square
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +2 min

WARSAW, Oct 14 (Reuters) - Polish police negotiators persuaded a man to come down from a monument in a central Warsaw square, a spokesperson said, putting an end to an incident that had seen part of the capital cordoned off amid reports of a bomb threat. Private broadcaster Polsat News reported that at around 1130 GMT the man surrendered to police. Police spokesperson Sylwester Marczak told reporters officers had seen the man climbing onto the Smolensk monument at around 0800 GMT. quoted by the state-run PAP news agency, did not confirm the reports that the man was threatening to blow himself up. A guest at the Sofitel hotel, which faces the square, said they had been told to only leave the building by the back exit.

Persons: Sylwester Marczak, Lech Kaczynski, Maria, Thomas Holdstock, Kuba Stezycki, Alan Charlish, Sharon Singleton, Helen Popper, Mark Potter Organizations: Polish, Polsat, Police, Twitter, Reuters, Thomson Locations: WARSAW, Warsaw, Smolensk, Poland

☆ Samsung, SK Hynix get indefinite waivers to ship U.S. chip equipment to their China factories
▼ + stars: | 2023-10-10 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Samsung Electronics Co. 4GB Double-Data-Rate (DDR) 3 memory module, top, and 8GB DDR 3 memory modules are arranged for a photograph in Seoul, South Korea, on Tuesday, July 9, 2019. South Korean chip giants Samsung and SK Hynix will be allowed to ship U.S. semiconductor manufacturing equipment to their China factories indefinitely without separate U.S. approvals, South Korea's Yonhap News Agency reported on Monday. Previously, Samsung Electronics and SK Hynix obtained one-year waivers from the U.S. to continue importing advanced tools for their China plants. "The U.S. government's decision means that the most significant trade issue of our semiconductor companies has been resolved," said Choi. The latest development quells concerns Samsung and SK Hynix have about their chip production in China, which partly relies on U.S. equipment.

Persons: Choi Sang, Seoul's, Choi Organizations: Samsung Electronics Co, Samsung, SK Hynix, Yonhap News Agency, Samsung Electronics Locations: Seoul, South Korea, Korean, China, U.S

☆ South Korean firms get waiver on US chip gear supplies to China
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. The U.S. had been expected to extend a waiver granted to the South Korean chipmakers on a requirement for licences to bring U.S. chip equipment into China. Once included in the list, there is no need to obtain permission for separate export cases. "We welcome the U.S. government's decision to extend a waiver with regard to the export control regulations. We believe the decision will contribute to the stabilisation of the global semiconductor supply chain," SK Hynix said in a statement.

Persons: Florence Lo, Yonhap, SK Hynix, Joyce Lee, Edmund Klamann Organizations: SK Hynix, REUTERS, Rights, Samsung Electronics, U.S, Korean, The U.S . Department of Commerce, Samsung, SK, Thomson Locations: Rights SEOUL, KS, China, The

☆ Your investments may be haunted
▼ + stars: | 2023-10-05 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Stocks often struggle when government bond yields are elevated, since it means investors can get high returns on less risky assets. But here’s the kicker: As the price of bonds go up when lots of people buy them, yields go down. When official interest rates rise so do investors’ expectations for returns on bonds, known as yields. This creates an incentive for investors to sell the bonds they currently hold and buy newly issued ones that offer higher interest payments. Back to the programWhen official interest rates rise, which is what’s happened over the past year and a half, so do investors’ expectations for returns on bonds.

Persons: CNN Business ’, Nicole Goodkind, You’ve, Dow, What’s, Stocks Organizations: CNN Business, New York CNN, Dow, Nasdaq, Treasury, Federal Reserve Locations: New York

☆ US to indefinitely extend China waiver for South Korean chipmakers -Yonhap
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsSEOUL, Sept 27 (Reuters) - The U.S. is expected to indefinitely extend a waiver granted to South Korean chipmakers Samsung Electronics (005930.KS) and SK Hynix (000660.KS) on needing licenses to bring U.S. chip equipment into China, Yonhap news agency reported on Wednesday. The U.S. Commerce Department has discussed details with the South Korean chipmakers on which equipment could be used in China, said Yonhap, citing unnamed sources, adding that the U.S. would make related announcements as early as this week. Last year, the chipmakers had received authorisation from the U.S. Commerce Department to supply equipment needed for chip production in China for a year without seeking additional licenses. Samsung Electronics and SK Hynix declined to comment. Samsung Electronics has NAND flash memory production in Xian, China, whereas SK Hynix has DRAM chip production in Wuxi and NAND Flash production in Dalian, in which both companies have invested billions of dollars.

Persons: Florence Lo, Yonhap, 1,353.6600, Joyce Lee, Heekyong Yang, Muralikumar Organizations: REUTERS, Rights, South, Samsung Electronics, SK Hynix, U.S . Commerce Department, South Korean, U.S . Department of Commerce, Samsung, U.S, of Commerce, Thomson Locations: Rights SEOUL, U.S, South Korean, China, Xian, Wuxi, Dalian, TrendForce

☆ Thailand win first esports medal as princess rides in
▼ + stars: | 2023-09-26 | by ( Ian Ransom | ) www.reuters.com time to read: +4 min

Asian Games - Hangzhou 2022 - E-Sports - China Hangzhou Esports Centre, Hangzhou, China - September 26, 2023 Players from Team Thailand prepare before the Arena of Valor Asian Games Version Bronze Medal Match REUTERS/Ann Wang Acquire Licensing RightsHANGZHOU, China, Sept 26 (Reuters) - Thailand claimed the first esports medal awarded at the Asian Games on Tuesday in an event closely watched by Olympic officials as a princess of the kingdom made a royal entrance to the equestrian event. But an enthusiastic crowd of locals cheered on the Thais at the Hangzhou Esports Centre as they prevailed 2-0 in a best-of-three match for the popular mobile phone game developed by a Chinese tech firm. The players tapped their small screens furiously and communicated with team mates via headsets throughout a contest that stretched to nearly 40 minutes. If esports is the future of the Games, Thai Princess Sirivannavari Mahidol represented its past as she made a regal entrance on a horse named 'Es Fangar's Samba King' in the dressage team event. "Luckily our father is supporting us," said the princess, who represented Thailand in badminton at the 2006 Asian Games in Qatar and equestrian at Incheon in 2014.

Persons: Ann Wang, Sirivannavari Mahidol, King Vajiralongkorn, Zhang Boheng, Zhang, Takeru Kitazono, nation's, Lee Hye, kyeong, Kwon, Martin Quin Pollard, Peter Rutherford Organizations: China Hangzhou Esports, Team Thailand, of Valor, REUTERS, Rights, Asian Games, Olympic, Vietnam, esports, Jakarta Asian, Thais, Hangzhou Esports, Thailand, Games, South, Doping Agency, Olympic Council of Asia, OCA, Thomson Locations: Hangzhou, China Hangzhou, China Hangzhou Esports Centre, China, Rights HANGZHOU, Thailand, Bangkok, Sorawat, India, Qatar, Incheon, North, Jakarta, Communist, Korean

☆ China's Xi seriously considering South Korea visit, Yonhap reports
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING/SEOUL, Sept 23 (Reuters) - China's President Xi Jinping on Saturday said he will seriously consider visiting South Korea, Yonhap news agency reported, as part of efforts to support peace and security on the Korean Peninsula. Xi, who has not visited South Korea since 2014, held talks with Han in the eastern Chinese city of Hangzhou before the opening ceremony of the Asian Games on Saturday. Xi told Han he would welcome such a summit at an opportune time and would seriously consider visiting South Korea, Yonhap reported. China attaches great importance to the positive willingness of South Korea to commit to cooperation, Xi said, according to CCTV, and asked South Korea to meet it half way to maintain the direction of friendly cooperation. Tensions between the two countries rose after North Korea's Kim Jong Un made a week-long visit to Russia earlier this month, which angered the United States, Japan and South Korea.

Persons: Xi Jinping, GIANLUIGI, Xi, Han Duck, Han, Yonhap, Korea's Kim Jong Un, Albee Zhang, Ryan Woo, Joyce Lee, Mike Harrison, David Holmes Organizations: Rights, China Central Television, South Korean, Asian Games, South, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, SEOUL, South Korea, China, Hangzhou, Seoul, Japan, North Korea, Russia, United States, Beijing

Search resuls for: "AP News"

25 mentions found