Yoon from South Korea pardons Jay Y Lee from Samsung for facing the ‘economic crisis’

Samsung heir spent 18 months in prison for bribery Businessmen convicted in scandal that brought down a president South Korea says leaders need help to overcome economic crisis Samsung May Increase Investment With Pardon Analysts SEOUL (Reuters) – South Korean President Yoon Seok-yeol has pardoned Samsung Electronics. (005930.KS) Vice Chairman Jay Y. Lee on Friday, … Read more

SK Hynix to start construction of new wafer packing plant in US early next year – sources

SK Hynix’s corporate logo at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong Ji Register now to get free unlimited access to Reuters.com Register Two people familiar with the matter said South Korea’s SK Hynix aims to pick a US site for its high-end wafer packaging plant and start work there around … Read more

Explanation: The causes and consequences of the Amazon fires and deforestation

(Reuters) – Brazil pledged last year to halt deforestation by 2030, but the number of fires burning in the country’s Amazon rainforest reached a 15-year high in June. The burning season began last month and the rate of deforestation has remained high. Read more Things could get even worse this month, as Brazil’s fires traditionally … Read more

Amid global concern, Ukraine and Russia have traded blame for attacks on nuclear plants

Kyiv warns of a Chernobyl-style catastrophe except the area is secured The 2 sides help the go to of the nuclear inspectors UN’s Guterres says any assault on nuclear plant is ‘suicide’ Two Ukrainian grain ships depart ports, 12 since final week Kyiv (Reuters) – Worldwide alarm over the weekend bombing of Ukraine’s Zaporizhzhya nuclear … Read more

Stocks steady as markets bet on Bank of England massive rally

Market bets on a 50 foundation level BoE hike Fed official: 50 foundation factors enhance in September ‘cheap’ Oil bounces again from six-month low Lufthansa returns to working revenue Credit score Agricole sees earnings hovering LONDON (Reuters) – Sturdy earnings at Credit score Agricole and Lufthansa lifted shares on Thursday as pressure over Nancy Pelosi’s … Read more

Zelensky says the first grain ship “nothing” and the economy is in a coma

Inspection of a ship carrying grain from Ukraine in Turkey The ship sure for Lebanon crosses the Bosphorus strait The cargo is the primary of its sort to go away Ukraine in wartime However the Ukrainian chief says extra is required Kyiv urgently must ship 10 million tons to chop the deficit Kyiv/ISTANBUL (Reuters) – … Read more

South Korea’s inflation is close to a 24-year high; Markets focus on weak economy

FILE PHOTO: An workplace employee eats his lunch at a comfort retailer in Seoul, South Korea, June 24, 2022. REUTERS/Hyo Ran Register now to get free limitless entry to Reuters.com Register Inflation in July approached a 24-year excessive of 6.3%, the identical as expectations The central financial institution says July information was in step with … Read more

Nepal central bank governor sees no need for IMF loan as tourism profits soar

KATHMANDU (Reuters) – Nepal’s central financial institution governor stated on Monday that Nepal noticed no want to show to the Worldwide Financial Fund for a brand new mortgage, as strain on overseas trade reserves eased after a tourism growth. “At the moment, our focus is on demand administration to cut back strain on (overseas trade) … Read more

Global stocks eye the best month since late 2020, as the dollar recovers

The MSCI World Index rose 0.2%; Nearly 6% for the month The greenback regains its early losses to commerce flat towards its friends Eurozone GDP information beat expectations; subsequent clouds LONDON (Reuters) – World shares rose on Friday, on monitor for his or her finest month since late 2020, as euro zone development beat expectations, … Read more

Samsung warns of weak demand for chips for phones and computers as people shop less

Samsung Electronics’ brand seems in its workplace constructing in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong Ji Register now to get free limitless entry to Reuters.com Register Server clients might have to regulate stock within the occasion of a recession – Samsung official H2 foldable cellphone gross sales intention to surpass the earlier flagship … Read more

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