Seoul / AFP South Korea on Tuesday accused North Korea of hacking the smartphones of government officials, and unveiled new sanctions on Pyongyang over its recent nuclear test and long-range rocket launch. The National Intelligence Service (NIS) said the North had stolen phone numbers and texts from the phones of dozens of key officials between late February and early March. ...
Read More »Admin
Afghan women’s radio returns after Taliban attack
Kabul / AP Six months after fleeing a Taliban assault on her city, the owner of an Afghan radio station devoted to women’s rights is back home and returning to the airwaves. Zarghona Hassan is a lifelong activist and the founder of a radio station in Kunduz that until last year reached hundreds of thousands of listeners across northern Afghanistan, ...
Read More »China exports nose-dive more than a quarter in February
Beijing / Bloomberg China’s exports saw their heaviest fall in nearly seven years in February, diving more than a quarter as feeble global trade offset the weaker yuan and raised pressure on Beijing to ramp up domestic demand. The below-forecast reading is the latest data to raise fears of a “hard landing” in China and comes days after Beijing cut ...
Read More »â€˜Poor working conditions’ force 5,803 foreigners to flee Japan in 2015
Tokyo / DPA The number of foreign technical intern trainees who fled from workplaces last year reached the highest level ever at 5,803, greatly surpassing the previous year’s figure, according to a Justice Ministry survey. The government believes that poor working conditions have resulted in the incidents in many cases. To counter this situation, the government plans to take legislative ...
Read More »BoJ fails to hire more women in management
Tokyo / Bloomberg The Bank of Japan (BoJ) has made no progress in increasing the proportion of women in management positions in the past two years. Women held 4 percent of management posts in 2015, which was unchanged from 2013, according to a comparison of a statement released Tuesday and one from 2014. The central bank, in the statements, said ...
Read More »500 Startups to inject US$10mn in Vietnam fund
Hanoi / Bloomberg 500 Startups is starting a $10 million fund dedicated to Vietnam as the Silicon Valley venture capital firm founded by Dave McClure backs more of the country’s technology startups. Growing Internet use by its young population, where the number of mobile phones exceeds the number of residents, provides an attractive bet in the nation that gave rise ...
Read More »Goldman-backed ‘nimble gorilla’ targets distressed Indian assets
New Delhi / Bloomberg Indian billionaire Ajay Piramal is a man on a shopping mission. His firms are training their sights on distressed assets discarded by indebted businesses and banks struggling with bad loans. His unlisted real estate unit, recently flush with cash from Warburg Pincus & Co. and Goldman Sachs Group Inc., is looking to buy land parcels from ...
Read More »Carney’s ‘Brexit’ stance comes under fire
Bloomberg Mark Carney was accused of jeopardizing the Bank of England’s credibility in the European Union debate as he faced a fiery line of questioning from U.K. Âlegislators. While the BOE governor has spent months trying to avoid the political battle — a task lawmaker Andrew Tyrie compared to bomb disposal — some members of the Treasury Committee said BOE ...
Read More »VW woos workers in restructuring spat
Bloomberg Volkswagen AG Chief Executive Officer Matthias Mueller sought to win over workers to restructuring measures aimed at lifting margins at the embattled German carmaker’s namesake brand and helping weather the emissions-cheating scandal. After nearly six months of crisis and recent revelations that senior managers missed warning signs, workers are fighting to avoid footing the bill. That put Herbert Diess, ...
Read More »France votes on bill that could make Apple unlock terrorist data
Bloomberg France’s lawmakers will vote on a plan to impose penalties and jail time on technology executives who deny access to encrypted data during a terrorist investigation, helping security services and prosecutors force companies such as Apple Inc. into cooperation. The amendment was submitted by the opposition party The Republicans and, while the government hasn’t officially supported the measure, it ...
Read More »