DIRS.INFO The most relevant business & tech news

☆ College use of race in admissions challenged at Supreme Court in arguments
▼ + stars: | 2022-10-31 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

"Racial classifications are wrong," the attorney Patrick Strawbridge said in his opening argument on behalf of the group Students for Fair Admissions. The Supreme Court began hearing arguments Monday in two cases that challenge the use of race-based considerations to determine who gets admitted to American colleges. Conservatives hold a 6-3 super-majority on the Supreme Court and are expected to be open to the arguments for ending affirmative action. The cases being argued are Students for Fair Admissions v. President and Fellows of Harvard, case No. 20-1199, and Students for Fair Admissions v. the University of North Carolina, case No.

☆ Japan Considers Buying U.S. Tomahawk Missiles to Deter North Korea and China
▼ + stars: | 2022-10-28 | by ( Alastair Gale | Chieko Tsuneoka | ) www.wsj.com time to read: 1 min

TOKYO—Japan is in talks with the U.S. about buying Tomahawk cruise missiles so that it can more quickly gain the ability to attack North Korean and Chinese military bases, people familiar with the matter said. The long-range missiles would represent a big step up in Tokyo’s ability to strike regional rivals, a power that it traditionally held back from obtaining. Prime Minister Fumio Kishida has said he wants to improve deterrence, particularly after North Korea fired a missile that flew over Japan earlier this month and China’s military stepped up activity near Japan and Taiwan.

The North said South Korea had resumed using propaganda loudspeakers at the border in violation of the agreement. For now, South Korea says it is not calling the CMA off, but is urging North Korea to abide by its measures. North Korea has also not officially abrogated the deal, and the South's ministry of defence told Reuters that inter-Korean military hotlines are operating. This year South Korea and its U.S. allies have responded to a record number of North Korean missile tests with stepped up military drills. Those have been met with more tests and drills from North Korea, including rare warplane sorties near the border.

☆ Stocks making the biggest moves midday: Netflix, Intuitive Surgical, Generac, Winnebago and more
▼ + stars: | 2022-10-19 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The power company also reported preliminary third-quarter results, with earnings per share expected to come in at $1.75 compared to the $3.21 estimate. Netflix — Shares of the streaming media company soared 13.1% after the firm on Tuesday posted better-than-expected results on the top and bottom lines. Netflix also reported the addition of 2.41 million net global subscribers, more than doubling the adds the company had projected a quarter ago. Intuitive also reported growth in its da Vinci procedures of about 20% compared with the third quarter of 2021. Snap — The social media stock climbed 2.5% after Citi added a positive catalyst watch on Snap heading into its earnings results Thursday.

Earlier, South Korea's military said it scrambled fighter jets when a group of about 10 North Korean military aircraft flew close to the border dividing the two countries, amid heightened tensions over repeated North Korean missiles tests. North Korea's official KCNA news agency quoted the North Korean military as saying it took "strong military countermeasures" after South Korean artillery-fire drills on Thursday. It was at least the 41st ballistic missile launch by North Korea this year. Japan's coast guard also reported that North Korea had fired what could have been a ballistic missile and that it had already fallen. South Korea scrambled fighter jets a week ago after North Korean warplanes staged an apparent bombing drill as allied warships held missile defense drills in response to North Korean missile tests.

South Korean President Yoon Suk-yeol told reporters that Pyongyang has been "indiscriminately carrying out provocations", vowing to devise "watertight countermeasures". North Korea's military issued a statement via state media KCNA early on Friday saying that it took "strong military countermeasures", over artillery fire by South Korea on Thursday. The unprecedented frequency of North Korea's missile launches has raised concerns it may be preparing to resume testing of nuclear bombs for the first time since 2017. It said the South Korean air force "conducted an emergency sortie with its superior air force, including the F-35A". "The KPA sends a stern warning to the South Korean military inciting military tension in the frontline area with reckless action," its spokesman said, according to KCNA.

☆ North Korea flies warplanes near border and tests another ballistic missile
▼ + stars: | 2022-10-13 | by ( Amanda Macias | ) www.cnbc.com time to read: +3 min

The 10 aircraft from the North flew as close as 7 miles from the inter-Korean border, according to South Korea's military. It marks the second time in the past week that North Korea flew military aircraft near the border. The Pentagon said it was aware of the latest North Korean ballistic missile launch and that it would continue monitoring the situation. The State Department condemned the latest ballistic missile launch and cited that any tests conducted by North Korea are in violation of multiple United Nations Security Council Resolutions. So far this year, North Korea has fired more than 35 ballistic missile tests.

☆ South Korean and Japanese defense stocks are rallying after North Korea fired a missile over Japan
▼ + stars: | 2022-10-04 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Shares of South Korean and Japanese defense companies rose sharply in Asia's session after authorities confirmed North Korea launched a ballistic missile that flew over Japanese territory for the first time in five years. And South Korean President Yoon Suk-yeol said his office is considering stronger sanctions on Pyongyang in light of such continued provocations. In South Korea, shares of Hanwha Aerospace, an aircraft engine manufacturer, rose more than 3% in the morning session, while Korea Aerospace, which also develops fighter jets, jumped more than 4%. In Japan, Mitsubishi Heavy Industries, which also makes military machinery through its aircraft, defense and space department, gained more than 3% in Asia's session. Hosoya Pyro-Engineering, which makes flare bombs and smoke candles for the Japanese self-defense forces, also rose more than 5% in Asia's early session.

☆ Kamala Harris visits DMZ amid tension over North Korean missile launch
▼ + stars: | 2022-09-29 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

She also reaffirmed the “goal of the complete denuclearization of the Korean Peninsula,” and condemned North Korea’s “provocative nuclear rhetoric” and ballistic missile launches, according to a White House readout. The DMZ has long been a destination for US presidents and vice presidents on official visits to South Korea, where they have been photographed peering through binoculars into North Korean-controlled territory. Harris’ visit comes a day after North Korea fired two short-range ballistic missiles from the Sunan area of Pyongyang, according to South Korea’s Joint Chiefs of Staff (JCS). This is North Korea’s 20th missile launch this year, according to CNN’s count, and follows another launch on September 25 – shortly before Harris arrived in the region. The US and South Korea have also been conducting joint naval exercises featuring the USS Ronald Reagan aircraft carrier since Monday.

☆ Kamala Harris to visit DMZ after North Korea tests missile
▼ + stars: | 2022-09-27 | by ( ) www.nbcnews.com time to read: +2 min

TOKYO — Vice President Kamala Harris will visit the Demilitarized Zone separating the Koreas on Thursday in a bid to show Washington’s commitment to the South’s security, according to U.S. and South Korean officials. The visit, announced Tuesday, comes days after North Korea fired a ballistic missile towards the sea and amid fears of a possible nuclear test as the Biden administration’s attempts at outreach to North Korean leader Kim Jong Un have failed. “Your visit to the DMZ and Seoul will be very symbolic demonstrations of your strong commitments to security and peace on the Korean Peninsula,” Han said. Harris is in the region to lead a U.S. presidential delegation to the funeral of former Japanese Prime Minister Shinzo Abe on Tuesday. The DMZ is often described as the world’s last Cold War frontier and has existed since the 1950-53 Korean War ended in a armistice rather than a peace treaty.

☆ U.S. VP Harris set to visit Korean DMZ after Kim's missile test
▼ + stars: | 2022-09-27 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +3 min

U.S. Vice President Kamala Harris holds a bilateral meeting with South Korea's Prime Minister Han Duck-soo (not pictured) in Tokyo, Japan September 27, 2022. Harris' visit was publicly confirmed by South Korean Prime Minister Han Duck-soo during a meeting with the U.S. vice president in Tokyo and was later confirmed by a U.S. official. Harris would tour the DMZ, meet with service members, receive an operational briefing from U.S. commanders, reflect on the shared sacrifice of American and South Korean soldiers and reaffirm the "ironclad" commitment to South Korean security, the official added. "Your visit to the DMZ and Seoul will be very symbolic demonstrations of your strong commitments to security and peace on the Korean Peninsula," Han said. North Korea says it maintains its sovereign right to self defence, and has accused both the United States and South Korea of a hostile posture to the country.

☆ North Korea, China resume cross-border freight train operation -S.Korea ministry
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterSEOUL, Sept 26 (Reuters) - Cross-border freight train operations between North Korea and China appears to have resumed after a five-month suspension, South Korea's unification ministry said on Monday. The comments from the ministry, which handles relations with North Korea, came after Yonhap news agency reported a freight train from Dandong crossed a bridge to the North Korean city of Sinuiju. "North Korea and China have yet to officially confirm but looking at various circumstances, freight train operations between North Korea and China appear to have resumed today," ministry spokesperson Cho Joong-hoon told a briefing. Shortly after, North Korea reported its first COVID outbreak, which it now says has ended. The April suspension came less than four months after North Korea eased border lockdowns enforced early in 2020 against the coronavirus.

☆ S.Korea expresses regret over N.Korea's 'groundless claim' over COVID, threats
▼ + stars: | 2022-08-11 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Aug 11 (Reuters) - South Korea's unification ministry handling inter-Korean affairs expressed regret after North Korean leader Kim Jong Un's powerful sister blamed leaflets from the South for causing the COVID outbreak in the isolated country. "We express strong regrets over North Korea repeatedly making groundless claims over the route of the COVID and making very disrespectful and threatening remarks," the ministry said in a statement. North Korean leader Kim declared victory in the battle against the novel coronavirus, ordering a lifting of maximum anti-epidemic measures imposed in May, state media KCNA said on Thursday. read moreReporting by Hyonhee Shin and Soo-hyang Choi; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "After North"

13 mentions found