Whats with north korea

Treasury Secretary Janet Yellen testifies before the House Ways and Means Committee during a hearing on the 2023 on Capitol Hill in Washington, Wednesday, June 8, 2022. [AP] U.S. Treasury Secretary Janet Yellen will be visiting Korea on July 19 and 20. According to the U.S. Treasury Department and the Korean Finance Ministry, Yellen will be stopping in Japan on July 12 and 13 and attending the G20 finance minister and central bank governor meeting in Bali July 15 and 16 before arriving in Korea. On Tuesday, the ministry said Yellen will be meeting with Korean Finance Minister Choo Kyung-ho, the first between the two. They are to discuss economic and financial cooperation and the strengthening of multilateral arrangements. Yellen's visit comes at a time of global economy uncertainties, which have been affecting local financial markets and the value of the won. Korea stocks are down almost 20 percent this year, and the currency is off almost 15 percent. A currency swap with … [Read more...] about U.S. Treasury Secretary Janet Yellen to visit Korea in July

If you're looking for capitulation in 2022, it's in the bond market. And that tells you that investors' confidence in the global economy is very low. Inside the stock market, it's all about defense. Defensive stocks, which include big healthcare companies and dividend-paying value stocks, have been driving the gains. An index of global defensive stocks put together by Goldman Sachs, which is heavy in healthcare giants, has climbed to more than an 18-month high relative to the MSCI AC World Index. Inside the U.S., the defensive ETF ticker DEF has been outperforming the Spider ETF SPY all last week and all year. For market watchers, this feels a whole lot like a recession trade. While investors in the capital markets are battening the hatches for a recession, money in the private markets is also drying up. The value of venture capital deals in the U.S. dropped more than 25% in the second quarter to just $1 trillion, according to Dealogic . M&A activity in the United States … [Read more...] about What the Business Cycle is Telling us About a Recession

Like many companies, manufacturing technology firm Augury ditched its New York City office during the pandemic. With few people coming in, and most work able to be done remotely, paying rent on an empty office was a waste. advertisement advertisement But the need for an office didn’t go away completely, and now the company is fitting out a new space in the city. As it does, it’s fundamentally rethinking how the space will work by looking at who will actually be using it. To help guide the new design, the company surveyed its teams to understand how different departments expected to use the space, especially in a more hybrid work mode. “When we were talking about that, we started asking what kind of people will be there?” says Tiffany Millar, Augury’s workplace experience director. Home Away From Home The first persona is what Augury calls Home Away From Home, or people who live in the tristate area who may come into the office once or more per … [Read more...] about What does a hybrid office look like? This company has 5 ideas

Share to Twitter Share to Linkedin Topline Gas prices are steadily but slowly dropping ahead of July Fourth and further relief at the pump may be coming ahead of one the most popular driving days of the year, though prices are still elevated compared to 2021. Key Facts The average national gas price Monday is $4.897 per gallon, according to the American Automobile Association, which is down 12 cents from its peak of $5.016 on June 14. Patrick De Haan, GasBuddy’s head of petroleum analysis, predicted Sunday the national average for gas prices could fall to as low as $4.75 by July Fourth as crude oil prices fall. That would still represent a more than 50% increase from last July Fourth, when the national average gallon of gas was $3.13, per AAA. Still, AAA forecasts a record-high 42 million Americans will travel 50-plus miles over the holiday weekend – a telling sign as demand for gas remains largely unfazed by the historic … [Read more...] about What To Expect For July 4th Gas Prices

Share to Twitter Share to Linkedin Co-founder and CEO of Choco Up , one of Asia’s leading revenue-based financing and growth platforms. The past decade has seen an e-commerce boom. With seismic shifts toward online shopping and the widespread adoption of digital payments, equipping oneself with online payment processing capabilities is no longer an option. It has become a necessity. This article is a starter guide for readers who want to learn about online payment gateways. For those who need some help with choosing a payment gateway for your online business, I have some tips for you, too. What An Online Payment Gateway Is A payment gateway refers to the front-end technology that reads and transmits payment information from customers for processing. When used online, it’s a cloud-based software, and you can think of it as the virtual equivalent of a card reader. An online payment gateway is essential for any business with a digital … [Read more...] about What An Online Payment Gateway Is And How To Choose One

This Friday, July 1, there will be an official declaration that Thailand is now in “post pandemic” mode. Here’s an overview of the current situation and what to expect. The word endemic is being avoided as Thai officials believe it will be up to the World Health Organisation to make that call. According to the Public Health Ministry permanent secretary Dr. Kiattiphum Wongrajit, “What we expect to see is only small or medium clusters that will not do any harm to our public health service. The disease will be under control.” He commented on the international concerns over two new Covid-19 sub-variants, BA.4 and BA.5, noting that infections had already been detected in Thailand but, at this stage, had not led to an increase in the number of serious cases being admitted to hospitals. On the tourist side of the pandemic, deputy government spokeswoman Traisulee Traisaranakul announced that the International Air Transport Association is predicting that foreign visitors to … [Read more...] about Thailand News Today | Post pandemic Thailand – What to expect

The price of Haepyo canola oil and pressed olive oil will increase by up to 20.8 percent from next month. Ottogi also recently raised the price of commercial cooking oil by 20 percent. Cooking oil, such as canola oil and olive oilm are on display at a large mart in Seoul on Tuesday. [YONHAP] A lighting manufacturing company is losing money on each sale after raw material prices jumped 60 percent. "As we can't raise the price on our products at the rate raw material prices have increased, we face huge losses with the more orders we get," the owner of the manufacturing company said. "I'm considering downsizing our factory as raw material prices will likely rise for a long time." A new survey by the Bank of Korea found that four out of every 10 companies said this year raw material prices have risen by more than 20 percent compared to last year. Two out of every 10 companies said they are considering changes to employment or reducing new business investments in response to … [Read more...] about Losing money on each sale, Korean companies cut back

Financial Supervisory Service building in Yeouido, western Seoul. [YONHAP] Assets of financial holding companies increased 7.4 percent in the first half compared to six months earlier as demand for loans rose, Financial Supervisory Service (FSS) data showed Tuesday. Total assets of the 10 financial holding companies increased 194 trillion won ($164 billion) to reach 2,823 trillion won. The 10 companies are KB, Shinhan, Nonghyup, Woori, Hana, BNK, DGB, JB, Korea Investment and Meritz Holdings. By categories, assets owned by investment firms grew the fastest — increasing 18.9 percent or 48.3 trillion won. This was due to an increase in the value of equities they hold and increases in deposits by retail investors for stock trading. Assets of commercial banks increased by 6.5 percent or 128.6 trillion won from a surge in loans. At credit card companies, assets grew by 7.1 percent or 10.3 trillion won from January to June. For insurance companies, assets increased by 3.7 percent … [Read more...] about Finance sector sees healthy rise in assets in first half

JANG JOO-YOUNG The author is a national team reporter of the JoongAng Ilbo. The world renowned art museum Tate Modern is located in Bankside, on the southern bank of the river Thames in London. The museum opened in May 2000 in a renovated power plant building. It was a poor and underdeveloped neighborhood, but after the museum opened, it became a major attraction. Works by famous artists such as Andy Warhol and Paik Nam-june are on display, attracting many visitors. It is considered a successful case of urban renewal, preserving the historic significance while also vitalizing the area. The success of the Tate Modern cannot be explained by the preservation of the old building alone. What made it special was combining new facilities with the structure. A footbridge and the Millennium Bridge over the Thames in front of the museum enhanced access to the site. Visitors to London can cross the bridge and tour both St. Paul’s Cathedral on the northern side and the Tate Modern. An … [Read more...] about Between redevelopment and renewal (KOR)

Passengers queue inside the departures terminal of Terminal 2 at Heathrow Airport in London, Britain, June 27, 2022. - A + A LONDON (June 28): London's Heathrow Airport will have to lower landing fees over the next four years after Britain's aviation regulator responded to pressure from airlines over the cost of flying at the hub. Heathrow wanted to double the fee it charges airlines in order to provide a better service to customers while retaining the support of its owners, but the plan drew fury from the likes of British Airways and Virgin Atlantic who said the airport was already among the most expensive in the world. The dispute reflects the pressures in the aviation industry as it recovers from the pandemic, and more broadly the need to limit consumer price rises at a time of soaring inflation while still investing to modernise services. The Civil Aviation Authority (CAA) said on Tuesday that the average maximum price per passenger would fall to £26.31 … [Read more...] about UK to cut Heathrow charges after airline protests