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The costs, of which Hyundai accounted for 1.36 trillion won and Kia for 1.54 trillion won, amount to more than half of Hyundai's estimated third-quarter net profit and 77% of Kia's profit, Refinitiv data shows. APOLOGY"We sincerely apologise for repeated quality issues and additional costs related to the Theta II GDI engine recall," Cha Seong-ju, head of the quality division at Hyundai Motor Group, told analysts. "We will put our utmost efforts to secure engine quality... and manage quality related cost in order to prevent a repetition of quality issues." In 2020, Hyundai and Kia together made 3.6 trillion won in provisions related to engine issues. Hyundai Motor is scheduled to report its July-September earnings next Monday, while Kia has not yet announced when it will report its third quarter results.

☆ Hyundai Motor, Kia say $2 bln provision to hit Q3 earnings
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Oct 18 (Reuters) - Hyundai Motor (005380.KS) and affiliate Kia Corp's (000270.KS) third-quarter earnings will reflect provisions totalling a combined 2.9 trillion won ($2 billion), they said on Tuesday. The costs include provisions related to their Theta GDI engines, the South Korean automakers said in regulatory filings. Hyundai Motor said a provision of 1.36 trillion won would be reflected in its earnings, while Kia flagged a hit of 1.54 trillion won. In 2020, Hyundai and Kia together made 3.6 trillion won in provisions related to engine issues. Hyundai Motor is scheduled to report its July-September earnings next Monday, while Kia has not yet announced when it will report its third quarter results.

But the theme of the event is continuity — of President Xi Jinping as leader, and with that the likelihood of friction with the U.S.-led West. Xi, China’s most powerful leader in decades, is poised to secure an unprecedented third term at this week’s twice-a-decade National Congress of the Chinese Communist Party in Beijing. “Those achievements have certainly strengthened the president’s leadership.”Under Xi, China’s gross domestic product has more than doubled to $17.7 trillion. Born in Beijing in 1953, Xi enjoyed a privileged youth as the second son of Xi Zhongxun, a Chinese communist revolutionary. “The long-term goals of President Xi, as well as general attitudes in the West, will make it very difficult for us to have more cooperation during his third term,” she said.

☆ Sterling choppy as BoE sends mixed messages
▼ + stars: | 2022-10-12 | by ( Samuel Indyk | ) www.reuters.com time to read: +3 min

By 0746 GMT, the British pound was up 0.1% against the dollar to $1.0969, snapping five days of losses. Until the market gets that I think any Sterling rallies are ripe to be sold into," Brown added. "Further rises in Bank Rate are warranted," Lloyds Bank senior economist Hann-Ju Ho said in a note, even as he expects the economy to contract in the third quarter. Looking ahead, the BoE's Financial Policy Committee is scheduled to publish its latest financial policy summary and record at 0930 GMT. Meanwhile, BoE policy makers Jonathan Haskel (0800 GMT), Huw Pill (1135 GMT) and Catherine Mann (1700 GMT) are all scheduled to speak later in the day.

☆ Tightening in focus as Singapore Aug inflation stays elevated
▼ + stars: | 2022-09-23 | by ( Chen Lin | ) www.reuters.com time to read: +2 min

The core inflation rate — the central bank's favoured price measure - rose to 5.1% in August on a year-on-year basis. Register now for FREE unlimited access to Reuters.com RegisterHeadline inflation rose to 7.5%, beating economists' forecast of 7.2%. Singapore's central bank has tightened its monetary policy three times this year, twice in surprise moves in January and July. It typically publishes two scheduled monetary policy statements a year, in April and October. The MAS' core inflation forecast for this year is between 3% and 4%, while headline inflation is expected to be between 5% and 6%.

☆ South Korea form backbone of International team's Presidents Cup hopes
▼ + stars: | 2022-09-21 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

Im Sung-jae, Kim Si-woo, Tom Kim and K.H. "Four guys is fantastic, in 2003 it was just me in South Africa, very difficult," Choi told reporters on Wednesday. Im and Tom Kim were among the six automatic qualifiers while Lee and Kim Si-woo were two of Immelman's captain's picks. Adding Japan's Hideki Matsuyama, a record five Asian players are represented on the International squad. "When you look at our team, what we're trying to tap into is the international team represents billions of people all over the world.

Brandul de apă în sine aparţine Coca-Cola, însă impactul negativ al gestului lui Ronaldo, un star al lumii sporturilor cu 550 de milioane de urmăritori în social media, nu a mai putut fi evitat. Gestul lui Ronaldo a fost copiat şi de alţi jucători, potrivit Financial Times. Iar Ronaldo nu a fost sancţionat în niciun fel, pentru că acesta „este atât de puternic, nimeni nu-i poate spune ce să facă“, potrivit unui oficial din fotbalul european. În ultima vreme, jucătorii au căpătat un control sporit asupra brandurilor cu care sunt asociaţi, graţie în mare parte legăturii lor directe cu fanii prin intermediul social media. Jucătorii de genul lui Ronaldo forţează o regândire a strategiilor tradiţionale de marketing adoptate de organizatorii competiţiilor şi sponsorii acestora.

Persons: Ronaldo, Tim Crow, Coca - Cola, Coke Organizations: fotbal, Coca, Cola, UEFA, Financial Times Locations: Portugaliei

☆ Proiect transfrontalier pentru dezvoltarea turismului verde
▼ + stars: | 2021-04-09 | by ( ) www.ipn.md time to read: 1 min

Fereastra se va închide automat peste câteva secunde. Acest conţinut este disponibil doar pe bază de abonament plătit. Turismul verde în sectorul dunărean al bazinului Mării Negre va fi dezvoltat și promovat în cadrul unui proiect transfrontalier. Proiectul „Dezvoltarea și promovarea turismului verde în sectorul dunărean al bazinului Mării Negre (raionul Cahul, Republica Moldova; municipiul Reni, Ucraina și ju...Dvs. Unele funcționalități pot fi blocate, vă rugăm să dezactivați componenta de ADS Blocker.

Persons: ju . Locations: Negre, Cahul, Republica Moldova, Reni, Ucraina, ju

☆ Deputații Ulanov și Jardan, cercetați în libertate
▼ + stars: | 2021-04-05 | by ( ) www.ipn.md time to read: 1 min

Textul a fost expediat către Redactor. Fereastra se va închide automat peste câteva secunde. Deputații Partidului politic Șor, Denis Ulanov și Petru Jardan, rămân în libertate. Curtea de Apel Chișinău a respins recursurile Procuraturii Anticorupție împotriva încheierilor emise de Judecătoria Chișinău, sediul Ciocana, prin care cei doi parlamentari au fost eliberați provizoriu sub control ju...Dvs. Unele funcționalități pot fi blocate, vă rugăm să dezactivați componenta de ADS Blocker.

Persons: Denis Ulanov Organizations: Apel, Judecătoria Chișinău, Ciocana Locations: Apel Chișinău

☆ Liderul unui grup criminal, condamnat la 40 de ani de închisoare pentru agresarea şi exploatarea sexuală a zeci de femei
▼ + stars: | 2020-12-01 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Liderul unui grup criminal din Coreea de Sud, Cho Ju Bin, a fost condamnat la 40 de ani de închisoare pentru agresarea şi exploatarea sexuală a cel puţin 74 de femei, printre care 16 minore. Dosarul "Camera N", cum a fost denumită ancheta penală, se referă la publicarea filmulețelor pornografice pe Telegram. Primii administratori ai acestor camere au fost reţinuţi în toamna anului trecut, fiind acuzaţi de păstrarea, distribuirea și comercializarea imaginilor pornografice. "Baksa" a fost arestat în martie 2020, iar identitatea sa a fost ținută în secret până nu demult. În urma perchezițiilor efectuate la domiciliul lui Cho Ju Bin au fost găsiți 130 de milioane de woni, echivalentul a peste 2 milioane de lei.

Persons: Cho Ju Bin Organizations: universităţii Locations: Coreea de Sud, coreeni

☆ What we know about Kim Jong Un's 3 mysterious heirs
▼ + stars: | 2020-04-22 | by ( Michelle Mark | ) www.businessinsider.com time to read: +1 min

North Korean dictator Kim Jong Un is believed to have three children with his wife, Ri Sol Ju. The only child the public has seen is one daughter, fueling speculation she will one day succeed Kim. Top editors give you the stories you want — delivered right to your inbox each weekday. The North Korean leader remains an object of wild speculation and curiosity throughout much of the western world — as has his family. Little is known about Kim's wife, Ri Sol Ju, and even less is known about the three young children the couple is believed to have.

☆ I bathed in cheese in the Swiss mountains — here's what the experience was like
▼ + stars: | 2019-08-22 | by ( Charlie Floyd | ) www.businessinsider.com time to read: +2 min

The experience of bathing in whey, a byproduct of cheese manufacture, dates back to the 1800s. Traditional Swiss dairy Alpkäserei Gerschnialp produces 35 tons of cheese a year, using milk from nearby dairies. Local producer Sälmi Töngi offers the whey baths as an add-on to a tour of his cheese production. The dairy uses traditional methods to turn local milk into four different types of Swiss cheese. That makes about 350,000 kilos of cow's milk, which is about 32 tons of cheese.

☆ 10 oldest airlines in the world
▼ + stars: | 2019-03-04 | by ( Miquel Ros | ) edition.cnn.com time to read: +12 min

Here are 10 of the oldest airlines in the world still in operation. Pan American World Airways subsequently acquired a controlling stake in the company. Qantas was nationalized by the Australian government after World War II and reprivatized in the ’90s. After World War II, Aeroflot became the largest airline in the world, as air travel was often the only means of transportation available to bridge the vast expanses of the Soviet Union. Czech Airlines (CSA)Czech Airlines, the national airline of the Czech Republic.

Persons: Avianca, JUAN MABROMATA, SCADTA, Stanislav Sergeev, MICHAL CIZEK, Finnair, DANIEL SLIM, ANDREJ ISAKOVIC, Jat, Jasper Juinen, Dan Kitwood Organizations: CNN, Finnair, Czech Airlines, KLM, Passengers, Dutch, Havilland DH, Croydon Airport, Junkers F13, Pan American World Airways, SCADTA, Servicio, Qantas, Northern Territory Aerial Services, Avro, Aeroflot Aeroflot, Junkers, Aeroflot, Concorde, Communist, BOAC, CSA, Eastern Bloc, Prague City Air, DC, Delta Air Lines, AFP, Delta, Pan, Northwest Airlines, Air Serbia Air Serbia, Aeroput, Jat Airways, Etihad, Air Serbia, British Airways, Qatar Airways, International Airlines Group, British Airways British Airways, British Overseas Airways Corporation, British European Airways, Cambrian Airways, Northeast Airlines Locations: Finnish, Czech, Amsterdam, Batavia, Jakarta, New York, Colombia, AFP, Barranquilla, Germany, Colombian, SACO, Latin America, Australia, Queensland, Northern Australia, Asia, Pacific, Soviet, Moscow, Nizhny Novgorod, Russian, Soviet Union, Cuba, Murmansk, Russia, Czech Republic, Czechoslovakia, CSA, Prague, Americas, Africa, East, West Germany, Finland, Tokyo, Europe, China, East Coast, Middle, Serbia, Yugoslavia, Serbian, Air, Iberia, Madrid, Barcelona, South America, London, Paris, Devonshire

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