By Choonsik Yoo SEOUL (Reuters) – A strike by South Korean truckers entered its seventh day on Monday, posing a test for the country’s new president and deepening stress on Asia’s fourth-largest economy, already facing stagflationary pressures. The strike by unionised truckers seeking higher pay has crippled ports like Busan in the export-dynamo economy, snarling…
By David Kirton SHENZHEN, China (Reuters) – David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he worked for a succession of overseas manufacturers before building his own multi-million dollar business making everything from schoolbags…
LOS ANGELES (Reuters) – Global megahit “Squid Game” will return for a second season, Netflix Inc announced on Sunday, offering a few hints about what is to come in the dark Korean drama. “Squid Game” became Netflix’s most-watched series when it was released in September 2021. The show tells the story of cash-strapped contestants who…
(Reuters) -The UK’s Financial Conduct Authority has put Credit Suisse on a watchlist of institutions in need of stricter supervision, the Financial Times reported late on Sunday, citing a letter sent in May. The regulator told the Swiss bank last month the step had been taken because of concern the bank had not made enough…
PARIS (AP) — French President Emmanuel Macron’s centrist alliance is expected to keep its parliamentary majority after the first round of voting Sunday, but will likely have far fewer seats than five years ago, according to projections. Projections based on partial election results showed that at the national level, Macron’s party and its allies got…
(Reuters) – Thousands of South Korean truckers were on strike for a sixth day on Sunday, protesting over pay as fuel costs surge, disrupting production, slowing port operations and posing new risks to a strained global supply chain. Following are details of the disruption, lost production and reactions from union officials and businesses. AUTOS Production…
By Philip Blenkinsop and Emma Farge GENEVA (Reuters) -World Trade Organization chief Ngozi Okonjo-Iweala expressed cautious optimism on Sunday that more than 100 trade ministers meeting in Geneva would achieve one or two global deals this week, but warned the path there would be bumpy and rocky. The director-general from Nigeria said the world had…
By Cynthia Kim and Heekyong Yang SEOUL (Reuters) – South Korean steelmaker POSCO said on Sunday will halt some of its plants in the country due to a lack of space to store finished products, which have not been shipped due to a strike by truckers who are demanding higher pay as fuel prices surge….
By Shilpa Jamkhandikar and Amlan Chakraborty MUMBAI/NEW DELHI (Reuters) -The bidding war for media rights to the Indian Premier League (IPL) will continue on Monday with Disney, Sony and India’s Reliance in contention for what could fetch the Indian cricket board up to $6 billion. The bidding began at 0530 GMT on Sunday for the…
LONDON (Reuters) – Britain’s competition watchdog has been asked by the government to review the retail fuel market to see whether a cut in duty has been passed onto consumers as prices at the pump hit unprecedented highs. Business Secretary Kwasi Kwarteng said on Sunday the investigation would find out why fuel prices were always…
