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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

World

Wed, March 29, 2023 | 23:06

SVB collapse: Hong Kong property market, economy could benefit from expected pause in US interest rate increases

SVB collapse: Hong Kong property market, economy could benefit from expected pause in US interest rate increases

Hong Kong's property market ― and overall economy ― is expected to benefit from a potential pause next week in U.S. interest rate increases, with the collapse of Silicon Valley Bank (SVB) triggering a crisis of confidence.

2023-03-15 17:50

Russian jet causes American drone to crash over Black Sea: US

Russian jet causes American drone to crash over Black Sea: US

A Russian fighter jet on Tuesday dumped fuel on an American drone over the Black Sea and then collided with it, causing the drone to crash, the U.S. military said, slamming the maneuver as "reckless".

World | 2023-03-15 16:26

Argentina inflation exceeds 100%

Argentina inflation exceeds 100%

Inflation in Argentina came in at 102.5 percent in the 12 months to February, exceeding the symbolic triple-digit mark and reaching a new 32-year high.

World | 2023-03-15 15:31

Meta to cut 10,000 jobs in second round of layoffs

Meta to cut 10,000 jobs in second round of layoffs

Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn.

World | 2023-03-15 09:41

Moody's changes outlook on US banking system to 'negative' after SVB collapse

Moody's changes outlook on US banking system to 'negative' after SVB collapse

Moody's Investors Service on Tuesday revised its outlook on the U.S. banking system to "negative" from "stable", citing heightened risks for the sector after the rapid unraveling of SVB Financial Group fueled fears of contagion.

World | 2023-03-15 09:28

US says Russian warplane hit American drone over Black Sea

US says Russian warplane hit American drone over Black Sea

A Russian fighter jet struck the propeller of a U.S. surveillance drone over the Black Sea on Tuesday in a “brazen violation of international law,” causing American forces to bring down the unmanned aerial vehicle, the U.S. said.

World | 2023-03-15 08:02

Wall Street climbs as some beaten-down bank stocks recover

Wall Street climbs as some beaten-down bank stocks recover

Stocks ended broadly higher on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reversed course.

World | 2023-03-15 07:37

OPEC raises Chinese oil demand growth forecast further

OPEC raises Chinese oil demand growth forecast further

OPEC on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country's COVID-19 curbs, although it left the global total steady, citing potential downside risks for world growth.

World | 2023-03-14 21:34

Netanyahu critics urge Germany, Britain to cancel his visit

Netanyahu critics urge Germany, Britain to cancel his visit

Hundreds of Israeli writers, artists and intellectuals on Tuesday called on Germany and Britain to cancel upcoming visits by Prime Minister Benjamin Netanyahu, saying his plan to overhaul Israel's judicial system has put the country on a destructive course.

World | 2023-03-14 21:31

UK unemployment at historic low but inflation hits wages

UK unemployment at historic low but inflation hits wages

LONDON (AFP) - British unemployment remains near its historical low but wages are still falling in real terms, official data showed Tuesday on the eve of a budget.

World | 2023-03-14 21:27

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Top 10 Stories

1	Revised Japanese textbooks distort wartime forced labor, catching Korea off guard

2	Clock ticks for China's massive repatriation of N. Korean defectors

3	Gold price nears all-time high amid financial jitters

4	BMW launches new XM

5	Ramsar wetland in Han River cleaned up for protected birdlife

6	North Korea unveils tactical nuclear warheads

7	Civic groups in Gwangju await meeting with Chun Doo-hwan's grandson

8	CJ CheilJedang sees chicken as next big seller after frozen dumpling

9	2024 budget to focus on tackling low birthrate

10	Over 1,000 financially vulnerable Koreans apply for new emergency gov't loans

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