International
Headlines
Startups offer a different future for South Korea’s economy
COUPANG, AN E-COMMERCE firm and South Korea’s most valuable startup, occupies the upper 20 floors of a skyscraper in Jamsil, a district in southern Seoul. The lower floors are still used by affiliates of Hyundai, the country’s second-biggest conglomerate, whose engineering arm built and operates the building. Coupang employees joke that it is easy...
South Korea is going through deep social, economic change
THE TENSION between traditional top-down economic and social decision-making and a more individualistic, bottom-up approach has been apparent in South Korea since it democratised more than three decades ago. In the past two months, however, two things have happened that have highlighted this tension. On February 10th, in what feels now like a different...
South Korean women are fighting to be heard
ENTERPRISING WOMEN are everywhere in South Korean film and television. In “The Handmaiden”, a film by Park Chan-wook, two women team up to take revenge on their male tormentors and eventually elope as a couple. “Crash-landing On You”, a television series that had the country glued to its screens this year, features a chaebol heiress who cuts...
K-pop is changing, too
IN A SMALL restaurant in a quiet backstreet in Seoul’s Gangnam district, the walls and part of the ceiling are covered in posters, postcards and key rings. On one shelf sits an enormous pyramid of coffee-cup sleeves. All the decorations show members of BTS, South Korea’s most successful K-pop act and the highest-grossing boy band in the world. They...
South Koreans are unhappy with the pace of political change
ON A WINDSWEPT pier in Mokpo on the far south-western coast of South Korea sits the rusting hull of a ferry. It is what remains of the Sewol, which sank in 2014 on its way to the island of Jeju. Yellow ribbons still cover the gates to the pier, along with pictures of the 304 people, mostly schoolchildren, who died in the disaster. The wreck has become...
Finance
Unemployment Ranks Up by 6.6 Million as Coronavirus Hits Jobs
Another 6.6 million people filed for unemployment benefits last week as the coronavirus outbreak continued its devastating march through the American economy, the Labor Department reported on Thursday.With astonishing swiftness, the pandemic has shut down both longstanding and new businesses, leaving veteran workers and recent hires in nearly every...
Unemployment Tally Expected to Surge by Millions: Live Updates
Here’s what you need to know:Millions more are expected to be added to the unemployment ranks.Global markets fumble Wall Street’s rally.While the world spends on relief efforts, China is holding back.The humble phone call makes a comeback.Bargain-hunting: “We will never get these prices again.”Millions more are expected to be added to the unemployment...
While the World Spends on Coronavirus Bailouts, China Holds Back
BEIJING — The world is opening its wallet to fight the effects of the coronavirus outbreak. The United States unveiled a $2 trillion rescue package. European countries have announced their own spending blitz, and Japan approved a nearly $1 trillion economic stimulus plan.Then there’s China.The country that famously helped kick-start the world economy...
The Humble Phone Call Has Made a Comeback
Alyssa MacKenzie, 32, rarely used her smartphone to make phone calls, apart from the occasional conversation for her work as a disability rights advocate.But when the lockdown for the coronavirus set in, Ms. MacKenzie could no longer pop by her mother’s house a few minutes away in New Canaan, Conn. So she has called her multiple times a day, including...
Jobless Tally Expected to Surge by Millions: Live Business Updates
A largely empty street in Midtown Manhattan on Saturday.Credit...Jonah Markowitz for The New York TimesMillions more are expected to be added to the unemployment ranks.The coronavirus outbreak continues its devastating march across the American economy, and Thursday will bring fresh evidence.The Labor Department will announce the number of new unemployment...
Legal
DOJ and SEC – Aggressive Measures on Coronavirus Fraud
The Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have taken legal actions to combat fraud arising out of the COVID-19 health emergency. DOJ Restraining Order On March 23, 2020, the U.S. District Court for the Western Division of Texas issued a temporary restraining order to halt a predatory wire fraud scheme...…...
Special Appearance Denied In Sanctions Criminal Case
A New York federal judge recently held that a foreign bank could not challenge U.S. federal criminal jurisdiction prior to arraignment. US Allegation Halkbank is a Turkish majority state-owned bank. The United States alleged that Halkbank developed an illicit scheme comprised “of fraudulent transactions intended to deceive U.S. regulators and foreign...
Whistleblowers Watch Stimulus Money From Inside
Whistleblowers watch from inside when a business receives stimulus money. Whistleblowers, with their unique access to business operations, follow the money to learn whether the business abides by the strings attached to that money. Whistleblowers look for an opportunity to cash in on what they consider fraudulent conduct. What’s a business to...
DOJ, FTC Pledge 7-Day Evaluation of Competitor Collaborations
Information about an expedited procedure for obtaining guidance about the permissibility of certain collaborations between competitors, which have the effect of protecting Americans’ health and safety, was set forth in a joint statement issued March 24, 2020, by the US Department of Justice (DOJ) and the US Federal Trade Commission (FTC) (the Statement)....
Watchdogs Will Be Watching
With governments around the world injecting trillions of dollars into the global economy to prevent a financial catastrophe, the first priority for companies is to figure out how to take advantage of the various stimulus packages to save themselves. This is not the time to take the money and run, however. The US stimulus comes...… Continue Reading The...
Deals
Seequent continues investment in innovative geoscience technology for world’s major resource challenges Minalytix partnership and minority shareholding demonstrates Seequent’s commitment to advancing solutions to help customers solve challenges within mining and applied geosciences
Minalytix partnership and minority shareholding demonstrates Seequent’s commitment to advancing solutions to help customers solve challenges within mining and applied geosciences Seequent, a world leader in the development of geoscience analysis, modelling and collaborative technologies, continues its investment in geoscience technology and innovation...
Qualitest announces investment from Bridgepoint for Majority Stake
World’s largest independent software testing and quality assurance company will use investment to accelerate global acquisition strategy and product development Qualitest, the world’s largest pure-play outsourced software testing and quality assurance specialist, announced today that Bridgepoint, an international private equity group, has...
Accountants reveal how AI will change deal-making - forever
The ability to predict and shape the long term success of global takeovers is often seen as the “holy grail” for CEOs, investors and their advisors. A new report from chartered accountancy body ICAEW and Drooms, a leading data solutions company, reveals that some key decision making may soon be taken away from humans and guided instead by the application...
US dominates global M&A securing nine out of ten of the largest 1H19 deals
Mergermarket publishes its Q2 2019 global report London, United Kingdom 2nd July 2019: Mergermarket, the leading provider of M&A data and intelligence, has published its Q2 2019 report in which all but one of the ten largest deals targeted US-based companies, six of which were the result of domestic consolidation. Amid heightened geopolitical...
Uber to acquire Careem to expand the greater Middle East regional opportunity together
Careem to become a wholly-owned subsidiary of Uber, operating as an independent company under the Careem brand and led by Careem foundersOpportunity for both companies to rapidly expand and capitalise on the region’s underpenetrated mobility opportunity and growing digital economy Transaction would be largest-ever technology industry transaction...
Acq Lite
At World’s Biggest Dog Show, Pups That Give New life to Disabled Owners
EDITOR’S NOTE: This news is courtesy of iCopyright, so GNN has no control over the ads. Please remember we do not endorse the advertisements. The post At World’s Biggest Dog Show, Pups That Give New life to Disabled Owners appeared first on Good News Network. Read More
Stranger Sets Off Incredible Chain of Good Deeds That Saved 6 Lives
Six lives were saved at a hospital this week, and it is all thanks to one woman's decision to “be selfless for a day”. The post Stranger Sets Off Incredible Chain of Good Deeds That Saved 6 Lives appeared first on Good News Network. Read More
10 Things I Wish I Would Have Told My Kids
Mindfulness is the ability to pay attention to your current experience—both the internal and external—without judgment. Practicing mindfulness allows us to make wiser choices and pursue healthier and more beneficial avenues in life. Had I learned them earlier in life, I would have taught my kids the valuable life lessons that I’ve gleaned from...
DIY or Die: How an Industrious Outback Nurse Diagnosed His Own Heart Attack and Stayed Alive
The nurse was stationed at his medical outpost 100 miles away from the nearest hospital when he realized that he was about to have a heart attack. The post DIY or Die: How an Industrious Outback Nurse Diagnosed His Own Heart Attack and Stayed Alive appeared first on Good News Network. Read More
Daily Dose of Cute: Dachshund Shows Off Skills by Maneuvering Maze of Plastic Water Bottles
If you’re mourning the end of the Winter Olympic Games in Pyeongchang, you might like these games of skill involving a long-haired Dachshund. Takao showed off his thinking abilities earlier this week when he successfully maneuvered a maze of plastic water bottles that was erected by his owner. In the videos posted to his Instagram page, the...