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The Korea Times

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Asia

The Korea Times

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Mon, May 29, 2023 | 21:26

Bank of England raises rates to highest level since 2008

Bank of England raises rates to highest level since 2008

The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5 percent on Thursday, taking borrowing costs to their highest since 2008 with its 12th consecutive rate rise, as it seeks to curb the fastest inflation of any major economy.The central bank no longer predicts recession after it revised up its growth forecasts from gloomy numbers released...

World | 2023-05-11 21:44

Yellen: Different system needed to end repeated standoffs over US debt ceiling

Yellen: Different system needed to end repeated standoffs over US debt ceiling

After dozens of standoffs with Congress over government spending in recent decades, Treasury Secretary Janet Yellen said Thursday that in her opinion, the United States should adopt a different ...

World | 2023-05-11 20:09

Italy's birth crisis is shrinking school classes, minister says

Italy's birth crisis is shrinking school classes, minister says

Italy's school population will shrink by one million in the coming decade because of the plunging birth rate and continuing brain drain, the education minister said on Thursday.

World | 2023-05-11 20:07

Australian minister heads to China seeking 'unimpeded' trade

Australian minister heads to China seeking 'unimpeded' trade

Australia's trade minister flew to Beijing on Thursday on a mission to demolish all Chinese import barriers after years of punishing sanctions and unofficial bans.

World | 2023-05-11 18:18

Pakistan arrests Imran Khan's party leaders as army deployed to quell unrest

Pakistan arrests Imran Khan's party leaders as army deployed to quell unrest

Pakistani authorities took senior leaders of former Prime Minister Imran Khan's party into custody as the government called out the army to help end widespread and deadly protests sparked by Khan's arrest.

World | 2023-05-11 17:05

Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout

Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout

China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the Chinese currency instead of dollars, multiple trading executives with direct knowledge of the matter told Reuters.

World | 2023-05-11 14:57

India's Modi to visit White House in June as Biden seeks stronger ties amid competition with China

India's Modi to visit White House in June as Biden seeks stronger ties amid competition with China

President Joe Biden will host Indian Prime Minister Narendra Modi at the White House next month, courting an Indo-Pacific leader with whom he has sought stronger ties as the United States looks to blunt China's growing assertiveness in the region.

World | 2023-05-11 14:05

Finland's PM Sanna Marin files for divorce

Finland's PM Sanna Marin files for divorce

Finland's Prime Minister Sanna Marin, set to leave office after losing a general election, announced Wednesday that she and her husband have filed for divorce.

World | 2023-05-11 11:51

Israeli-Palestinian fighting intensifies as Egyptian cease-fire efforts falter

Israeli-Palestinian fighting intensifies as Egyptian cease-fire efforts falter

Palestinian militants fired hundreds of rockets from the Gaza Strip into Israel on Wednesday, while Israel pressed ahead with a series of airstrikes that have killed 23 Palestinians, including three senior militants and at least 10 civilians.

World | 2023-05-11 10:48

No decision yet on quitting China deal: Italian PM Meloni

No decision yet on quitting China deal: Italian PM Meloni

The Italian government has not yet taken a decision on whether to leave the Belt and Road Initiative (BRI) deal with China and is reviewing its options, Prime Minister Giorgia Meloni said on Wednesday.

World | 2023-05-11 10:31

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Top 10 Stories

1	ChatGPT: boon or bane for banking industry?

2	Korea walks fine line between US, China in chip war

3	Jeju-based shamanism researcher documents connection between humans, crows

4	Man arrested for opening airplane emergency exit during flight

5	Labor unions seek to attract migrant workers at shipyards

6	Half of medical tourists visiting Korea inspired by K-culture

7	Hyundai Steel receives EPD certification for low-carbon H-beam products

8	RAS KOREAPreserving memories at Cheongju City Archives

9	Mirae Asset holds ETF Rally 2023 for global expansion

10	Gov't moves to assist 3,400 Koreans stranded in typhoon-hit Guam

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