The Korea Herald

Yahoo adds more security to thwart surveillance

Apr 3, 2014

SAN FRANCISCO (AP) ― Yahoo has added more layers of security in its effort to shield people’s online lives from government spying and other snooping.The measures announced Wednesday include the completion of a system that encrypts all information being transmitted from one Yahoo data center to another. The technology is designed to make the emails and other digital information flowing through data centers indecipherable to outsiders.Search requests made from Yahoo’s home page are also now automa
GM accused of ‘criminal’ behavior over ignition fault

Apr 3, 2014

U.S. senators attack company for ‘culture of cover-up’ in recalls
Lagarde calls for bold policies to aid recovery

Apr 3, 2014

WASHINGTON (AP) ― The head of the International Monetary Fund warned Wednesday that leading nations need to embrace bold policy steps to accelerate a still-modest and fragile global economic recovery. IMF Managing Director Christine Lagarde said that as the world still struggles to emerge from the 2008 financial crisis, economies are under threat from tensions involving Ukraine and Russia to inaction in countries that should be driving growth. Lagarde said the European Central Bank, for example,
U.S.-EU energy strategy targets Russia

Apr 3, 2014

BRUSSELS (AFP) ― The United States stepped up its war of words over Russian gas on Wednesday, while warning its European allies not to count on American gas supplies in the short-term.Speaking ahead of an energy meeting between the United States and the European Union in Brussels, U.S. Secretary of State John Kerry said that no country should use energy supply as a “political weapon or an instrument for aggression.” No nation should use energy to stymie a people’s aspirations,” Kerry said, addi
China unveils stimulus to boost slowing economy

Apr 3, 2014

BEIJING (AFP) ― China has announced a set of steps to boost slowing growth in the world’s No. 2 economy, including extending tax breaks for small businesses and support measures for poor urban districts.The State Council, China’s cabinet, announced the mini stimulus late Wednesday after a meeting chaired by Premier Li Keqiang.Anticipation has been building recently for some kind of action following a string of disappointing economic indicators, including on industrial production and consumer spe
U.S. automobile sales pick up steam in March

Apr 2, 2014

A gain of 6% overall reflects strong demand after harsh winter passes
New CEO Barra faces tough task in shedding old GM

Apr 2, 2014

13 traffic deaths tied to a 57-cent part: Congress
Energy prices drive down OECD inflation

Apr 2, 2014

PARIS (AFP) ― Weak energy prices pushed down inflation in advanced countries to 1.4 percent in February from 1.7 percent in January, the OECD said on Tuesday against a background of concern that eurozone inflation is too low.In the eurozone, inflation “slowed to 0.7 percent in February, compared with 0.8 percent in January,” the OECD said.Referring to the overall figures, it said that “this slowdown in the annual rate of inflation was driven by energy prices which fell by 0.4 percent in the year
Greece to return to bond markets

Apr 2, 2014

Eurozone approves fresh bailout loans by end of month
Lufthansa cancels 900 flights due to strike

Apr 2, 2014

Lufthansa canceled almost 900 domestic and intercontinental flights on Wednesday, after the pilots' union started a three-day strike in a wage dispute with Germany's largest airline.The carrier expects to cancel about 3,800 flights through Friday, affecting more than 425,000 passengers, airline spokeswoman Barbara Schaedler said. Lufthansa Cargo and its budget airline Germanwings were also affected by the strike, which the company estimates will cost it “tens of millions” of euros (dollars).The
Mark Zuckerberg’s base salary falls to $1

Apr 1, 2014

Mark Zuckerberg has decided he’s a $1-a-year man. Zuckerberg, who is Facebook Inc.’s chief executive officer and also the 22nd richest person in the world as ranked by the Bloomberg Billionaires Index, was paid $1 in salary for 2013, according to a regulatory filing with the U.S. Securities and Exchange Commission Monday. That’s down from a base salary of $503,205 in 2012, the year that Facebook went public. Zuckerberg is following the well worn path of other Silicon Valley technology moguls who
China manufacturing output remains weak

Apr 1, 2014

Chinese manufacturing gauges pointed to weakness in the world’s second-biggest economy that could prompt the Communist Party leadership to roll out additional support measures. A Purchasing Managers’ Index fell to 48 in March, the lowest reading since July, from 48.5 in February, HSBC Holdings Plc and Markit Economics said Tuesday. A separate PMI from the government, with a larger sample size, was at 50.3 from 50.2 the previous month. The reports underscore what Premier Li Keqiang last week call
Job market needs low rates: Yellen

Apr 1, 2014

WASHINGTON (AP) ― Federal Reserve Chair Janet Yellen made clear Monday that she thinks the still-subpar U.S. job market will continue to need the help of low interest rates “for some time.”Yellen’s remarks signaled that even after the Fed phases out its monthly bond purchases later this year, it has no plans to raise a key short-term rate anytime soon. The bond purchases have been intended to keep long-term loan rates low.Her remarks sent a reassuring message to investors, many of whom had grown
Euro inflation slides, fueling deflation fears

Apr 1, 2014

BRUSSELS (AP) ― After breaking out of recession and taming its financial crisis, Europe now faces a new kind of economic threat ― deflation, a protracted drop in prices that can snuff out growth for years.New data released Monday showed the inflation rate fell in March to its lowest level since the 2008-2009 global financial crisis, a sign of economic weakness that piles fresh pressure on the European Central Bank to further ease its monetary policies this week.Inflation across the 18-country eu
Congress: GM twice failed to fix defect

Mar 31, 2014

DETROIT (AP) ― General Motors discussed two separate fixes for an ignition switch defect in 2005 but canceled both of them without taking action, according to a memo released Sunday by the House subcommittee investigating GM’s handling of the defect and a subsequent recall. GM last month recalled 2.6 million small cars because their ignition switches can move from the “run” to the “accessory” or “off” position, which causes the car to stall and disables the air bags and power steering. GM says t