Eurogroup confirms up to 100-bln-euro aid ready for Spain’s banks
BRUSSELS/MADRID, June 9 (Xinhua) — Eurozone finance ministers confirmed on Saturday that the single-currency area is ready to offer up to 100 billion euros (about 125 billion U.S. dollars) in financial aid to rescue Spain’s ailing banking sector. “The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing up […]
China Focus: Lackluster data point to further stimulus
BEIJING, June 9 (Xinhua) — A string of economic data released on Saturday showed China’s economy has not yet bottomed out from domestic and external jitters, fuelling calls for more stimulus measures to secure sound growth. China’s industrial output grew at a slower-than-expected 9.6 percent year-on-year in May, rebounding 0.3 percentage point from April, the […]
“Turkey cannot remain silent to tragedy in Syria”: Turkish FM
Turkish Foreign Minister on Saturday said a humanitarian tragedy unfolded everyday in Syria, adding that Turkey could not remain silent in the face of the Syrian regime’s brutal crackdown on its people. Turkish Foreign Minister Ahmet Davutoğlu said that It was impossible that we remain indifferent to this tragedy. “Not only is the Assad regime […]
Eurozone Agrees to Bail Out Spanish Banks
Euro zone finance ministers have agreed to lend Spain up to 100 billion euros ($125 billion) to bail out its troubled banks as Madrid officially stated its intention to ask the Eurogroup for help. “The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing up to 100 billion euros […]
N. Koreans convicted of trying to steal rocket technology from Ukraine
Two North Korean nationals were sentenced to eight year prison terms after being caught trying to steal secret rocket technology from the Ukraine, local sources said Saturday. Sources said the North Koreans identified as Ryu Song-chul and Lee Tae-kil were arrested for spying in July after they tried to steal classified technology from the Yuzhnoye […]
Korea downs Qatar 4-1 in World Cup qualifier
Korea came from a goal down to beat Qatar 4-1 and get its campaign off to a rousing start in Asian qualifying for the 2014 World Cup on Friday. Qatar, the 2022 World Cup host, appeared poised for an upset when Yousef Ahmad Ali rushed past a defender and fired a shot that ricocheted in […]
Doosan Group goes paperless with iPad
Doosan Group Chairman Park Yong-maan is a chief executive who quickly adapts to change. He frequently tweets the public and tries out new technologies to stay ahead of the pack. In this spirit of adaptation and innovation, Park is now trying to make Korea’s oldest conglomerate become a paperless operation in a bid to reduce […]
Preparing for counterattack
Mobile carriers bet on VoLTE against free Internet calls The nation’s three domestic mobile carriers are speeding up developments for voice over long-term evolution (VoLTE) to commercialize it following the recent launch of Kakao Talks’ free Internet call service. The most popular mobile messenger service here launched its VoIP (voice over Internet protocol) test service […]
Korea asks US to sell cluster bombs
The Defense Security Cooperation Agency (DSCA), an arm of the U.S. Department of Defense, has asked the U.S. Congress to approve Seoul’s request to buy 367 advanced cluster bombs. “The Defense Security Cooperation Agency notified Congress June 1 of a possible Foreign Military Sale to the Government of the Republic of Korea for 367 […]
Jordan to launch humanitarian operation center to deal with influx of Syrian refugees
AMMAN, June 7 (Xinhua) — Jordan is planning to open a humanitarian operation center in the city of Mafraq near the border with Syria to deal with influx of Syrian refugees, Foreign Minister Nasser Judeh said Thursday. More than 120,000 Syrians entered Jordan since the unrest in their country in March 2011, Judeh said, adding […]
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