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North Korea kicks off 5-year economic plan

  Seoul / AFP Tens of thousands of North Koreans, brandishing red flags and chanting slogans, paraded in Pyongyang to celebrate the start of the Stalinist regime’s latest five-year economic plan, state media reported on Thursday. The “mass mobilization” took place on Wednesday in the sprawling Kim Il Sung square in the North Korean capital. It marked the beginning of a ...

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Oz steelmaker carves out profit in hard market

  Vienna / AFP Austrian steelmaker Voestalpine said on Thursday it had pulled off a slight increase in full-year profits despite a “negative” international economic climate that has hampered steel and oil prices. Investors cheered the results which beat analysts’ forecasts. Shares in Voestalpine, which specialises in steel used in the rail, automobile, aviation, home appliances and oil and gas ...

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Japan suspends live cattle imports from Australia

  Tokyo / AFP Japan has temporarily suspended live cattle imports from Australia after “some” cows were found to have a gastrointestinal disease, the agriculture ministry said on Thursday. The infected animals arrived in Japan by air and tested positive for Johne’s disease, also known as paratuberculosis, while in quarantine, a ministry official said. Tokyo imposed a temporary ban on ...

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