The Korea Herald

Lagarde: Global economy enters ‘dangerous phase’

World BusinessSept 23, 2011

WASHINGTON (AP) ― The head of the International Monetary Fund says the global economy has entered a dangerous phase and that heavy debt burdens could “suffocate” a recovery. Nations must work together to meet the growing risks, IMF Managing Director Christine Lagarde said Thursday. Banks must provid
G20 finance chiefs agree to intensify cooperation to tackle global crisis

World NewsSept 23, 2011

SEOUL, Sept. 23 (Yonhap) -- Finance chiefs of the leading 20 countries have agreed to intensify cooperation to tackle the global economic crisis, stemming from deepening anxiety over fiscal soundness and stagnant economic recovery in Europe and other major advanced countries.The leaders promised to
China man held on suspicion of keeping sex slaves

World NewsSept 23, 2011

BEIJING (AP) _ A Chinese man has been detained on suspicion of keeping six women in secret underground rooms as his sex slaves for two years and killing two of them, a state-owned newspaper reported Friday.The Southern Metropolis Daily said that over the past two years, the man, Li Hao, allegedly ki
French court issues first fine for face veil-wearing women

World NewsSept 23, 2011

MEAUX, France, Sept 22, 2011 (AFP) -A French police court on Thursday issued its first fines against two women charged with wearing the full-face covering Islamic niqab.Police have issued several on-the-spot fines since the ban came into effect in April but these are the first court-issued fines, wi
U.S. Senate clears one hurdle to FTA with S. Korea

World NewsSept 23, 2011

WASHINGTON, Sept. 22 (Yonhap) -- The U.S. Senate, led by Democrats, voted Thursday to approve the renewal of a worker training program, raising hopes of the ratification of free trade pacts with South Korea, Colombia and Panama.President Barack Obama's push for extending the Trade Adjustment Assista
Typhoon passes Japan tsunami zone, plant intact

World NewsSept 22, 2011

TOKYO (AP) ― A powerful typhoon headed north Thursday after dumping heavy rains on Japan’s tsunami-devastated coastline, paralyzing commuter trains in the capital, and leaving at least 16 people dead or missing across the country.There had been concerns that Typhoon Roke could pose more problems for
Yemeni truce breached by shelling, 16 killed

World NewsSept 22, 2011

SANAA (AP) ― Yemeni government forces on Wednesday fired mortars at tens of thousands of mourners at funerals held for protesters killed in clashes and attacked an opposition base, shattering a cease-fire negotiated a day earlier to end the Arab nation’s latest bout of deadly violence. The two attac
U.S. presses Abbas to drop U.N. bid

World NewsSept 22, 2011

UNITED NATIONS (AP) ― Furiously scrambling to head off a U.N. showdown, the United States warned world leaders Wednesday that trying to create a Palestinian nation by simple decree instead of through hard negotiations was bound to fail as a shortcut to peace with Israel. Europeans worked to defuse t
Satellite still on for Friday freefall from space

World NewsSept 22, 2011

CAPE CANAVERAL, Florida (AP) _ A dead 6-ton satellite is getting closer and closer, and is expected to smack down on Earth on Friday.NASA's old research satellite is expected to come crashing down through the atmosphere Friday afternoon, Eastern Time. The spacecraft will not be passing over North Am
Dog eating carnival banned in China: report

World NewsSept 22, 2011

A dog eating carnival in China dating back more than 600 years has been banned after public outrage at the cruel way the animals are slaughtered, state media said Wednesday.The dogs are killed and skinned in the streets of Qianxi township in the eastern coastal province of Zhejiang during the festiv
Moody's cuts BofA, Wells Fargo and Citi ratings

World NewsSept 22, 2011

NEW YORK (AP) _ Three of the top U.S. banks are likely to start paying more to borrow money.Moody's Investors Service on Wednesday lowered its debt ratings for Bank of America, Wells Fargo and Citigroup. The ratings agency said it has become less likely that the U.S. government would step in and pre
Fed to shift $400B in holdings to boost economy

World NewsSept 22, 2011

WASHINGTON (AP) _ The Federal Reserve will use more than $400 billion to try to drive down long-term interest rates, make home and business loans cheaper and invigorate the U.S. economy.Analysts said the moves would provide only a slight economic benefit.The action the Fed announced Wednesday is mod
US in $5.85 billion Taiwan jet upgrade, China protests

World NewsSept 22, 2011

WASHINGTON, Sept 21, 2011 (AFP) - The Obama administration came under fire Wednesday from both China and domestic critics as it approved a $5.85 billion upgrade of Taiwan's fighter jets that stopped short of selling new F-16s.Taiwan and US officials said that the upgrade would improve the island's d
Greece closer to getting bailout

World BusinessSept 21, 2011

International debt inspectors to return to Athens next weekATHENS (AP) ― Debt-saddled Greece has moved closer to getting the vital bailout funds it needs to avoid a disastrous default after persuading international debt inspectors to return to Athens and resume reviewing its austerity program.T
Historical sites and sightseeing places

World NewsSept 21, 2011

Al-Hijr (Madain Salih) In 2008, the archaeological site of Al-Hijr (Madin Slih) was put on UNESCO’s list of world cultural heritage as the first UNESCO World Heritage property to be inscribed in Saudi Arabia. Formerly known as Hegra, it is the largest conserved site of the civilization of the Nabata