US Jobs Report Likely to Show Subtle Progress for Fed: Eco Week

2 months ago Swissinfo

The report will be the last of its kind before the central bank’s final policy meeting of the year. While simmering down, the annual pace is still more than twice the central bank’s goal. Inflation data from the region’s four biggest economies will also be released, with all but Spain predicted to show at least a slight a slowdown. A so-called non-monetary policy meeting of the Governing Council takes place Wednesday, the day of the inflation data. That would mark the sixth consecutive month where it has been at least a percentage point above the central bank’s 2% ceiling.
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South Korea in mourning after crowd surge kills 153 at Halloween party

Rescue team and firefighters work at the scene where dozens of people were injured in a stampede during a Halloween festival in Seoul, South Korea, October 30, 2022. A huge crowd celebrating in the popular Itaewon district surged into an alley on Saturday night, emergency officials said, adding the death toll could rise. Choi Sung-beom, head of the Yongsan Fire Station, told a briefing at the scene 82 people were injured, 19 of them seriously. South Korean tech and mobile game firms including Kakao and NCSOFT pulled their Halloween promotions after the tragedy, while amusement park Everland cancelled Halloween-themed events. (Reporting by Soo-hyang Choi, Choonsik Yoo Daewoung Kim, Hong-ji Kim, Writing by Jack Kim; Editing by William Mallard)

3 months ago Swissinfo

'We are not your enemy', say South Korean truckers striking for minimum wage protections

Striking South Korean unionised tank drivers Lee Geum-sang and Ham Sang-jun pose in front of tank trucks as they participate in a nationwide walkout in front of a major oil storage facility in Seongnam, south of Seoul, South Korea, December 1, 2022. But these drivers, and tens of thousands of others striking across the country, say their calls for stronger minimum pay protections are all that stand between them and poverty. He earns about 3 million won ($2,300) per month, far less than last year because diesel prices have nearly doubled. Ham, the father of two teens, earns about 3 million to 4 million won a month working 12 hours a day, five days a week, often overnight and weekends. That is 2 million won less than last year because of fuel costs.

1 month ago Swissinfo

North Korea fires missile, vows 'fiercer' responses to U.S., allies

FILE PHOTO: A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022. South Korea's military said the ballistic missile was launched from the North's east coast city of Wonsan at 10:48 a.m. (0248 GMT). The United States has been saying since May that North Korea is preparing to conduct its first nuclear test since 2017, but its actual timing remains unclear. South Korea's Unification Minister Kwon Young-se, who handles intra-Korea affairs, said the North might postpone its nuclear test for some time, citing China's domestic political schedule. "North Korea has also achieved some political effects by codifying its nuclear law in August, so it might not have immediate needs for a nuclear test," Kwon said in an interview with Yonhap news agency released on Thursday.

2 months ago Swissinfo

North Korea missile lands off South Korean coast for first time; South responds with own launches

People watch a TV broadcasting a news report on North Korea firing three ballistic missiles into the sea, in Seoul, South Korea, November 2, 2022. South Korean warplanes fired three air-to-ground missiles into the sea north across the NLL in response, the South's military said. The South's launches came after Yoon's office vowed a "swift and firm response" so North Korea "pays the price for provocation". The North Korean weapon was one of three short-range ballistic missiles fired from the North Korean coastal area of Wonsan into the sea, South Korea's Joint Chiefs of Staff (JCS) said. It was the first time a North Korean ballistic missile had landed near South Korean waters, JCS said.

3 months ago Swissinfo

North Korea fires possible ICBM; residents in Japan told to shelter

People watch a TV broadcasting a news report on North Korea firing a ballistic missile off its east coast, in Seoul, South Korea, November 3, 2022. North Korea also launched at least two short-range missiles. About an hour after the first launch, South Korea's military and the Japanese coast guard reported a second and third launch from North Korea. North Korea has had several failed ICBM tests this year, according to South Korean and U.S. officials. Japan and South Korea have a history of mischaracterizing North Korean missile events, said Ankit Panda of the Carnegie Endowment for International Peace.

3 months ago Swissinfo

Factbox-North Korea's expanding missile capabilities

FILE PHOTO: People watch a TV broadcasting a news report, on North Korea firing a ballistic missile off its east coast, in Seoul, South Korea, November 17, 2022. On Friday, the North launched another suspected ICBM that reached an altitude of 6,100 km and flew 1,000 km. North Korea said it tested a new type of "hypersonic missile". These usually fly at lower altitudes than ballistic missiles and at more than five times the speed of sound - or about 6,200 km per hour (3,850 mph). North Korea also conducted tests from the international airport outside Pyongyang, and launched a new, short-range missile from its experimental missile submarine.

2 months ago Swissinfo

North Korea fires suspected intercontinental ballistic missile, S.Korea says

This content was published on November 18, 2022 - 04:04SEOUL (Reuters) -North Korea fired what was apparently an intercontinental ballistic missile, South Korea said on Friday, a day after it launched a smaller missile and warned of "fiercer military responses" to the U.S. boosting its regional security presence. This year North Korea has conducted a record number of ballistic missile tests, which are banned by United Nations Security Council resolutions that have sanctioned the country over its missile and nuclear weapons programmes. A South Korean official said the Nov. 3 test may have failed at high altitude. South Korean and U.S. officials have reported that a number of North Korean ICBM tests appeared to have failed this year. The March 24 launch was nevertheless the biggest ICBM test ever staged by the North, flying 67.5 minutes to a maximum altitude of 6,248.5 km (3,905 miles), North Korean state media reported.

2 months ago Swissinfo

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