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Ten years ago this week, the world fell into the worst financial crisis in almost a century when the fourth-biggest U.S. investment bank, Lehman Brothers, declared bankruptcy. Ten years ago this week, the world fell into the worst financial crisis in almost a century when the fourth-biggest U.S. investment bank, Lehman Brothers, declared bankruptcy. A decade later, some experts caution that the world is in even greater danger. Though banks are safer and more resilient now, companies have increased their debt levels. Moreover, risky financial products similar to the on..
Hurricane Florence is closing in on the Southeast coast of the U.S. HEADLINE 1 The ruling and opposition parties gave mixed responses to the government’s tougher measures to cool down property prices. HEADLINE 2 The two Koreas will hold today working-level talks in Panmunjom to fine tune details regarding the upcoming inter-Korean summit in Pyeongyang. HEADLINE 3 North Korea reportedly dismantled its mobile missile launch pad which was used last year to test lau..
A plastic-eating fungus discovered in a landfill in Pakistan could be adapted to destroy waste on land and in oceans. A plastic-eating fungus discovered in a landfill in Pakistan could be adapted to destroy waste on land and in oceans. The possibility of breaking down plastic waste within weeks rather than hundreds of years will be highlighted in an upcoming report. Fungi could also help to solve some of the world’s other big challenges such as developing clean fuels and cleaning up areas polluted with high lev..
Former Brazilian President Luiz Inácio Lula da Silva has pulled out of next month's presidential election to allow his running mate to stand in his place. Former Brazilian President Luiz Inácio Lula da Silva has pulled out of next month's presidential election to allow his running mate to stand in his place. Lula had been the frontrunner despite being in jail for a corruption conviction and despite the top electoral court barring his candidacy. He has now thrown his weight behind his Workers' Party colleague Fernando Haddad. A Workers' Party leade..
North and South Korea will open a joint liaison office this week to improve cross-border communications and exchanges. North and South Korea will open a joint liaison office this week to improve cross-border communications and exchanges. The office is a significant move in thawing relations between the two countries, and follows a meeting this month between the North's leader Kim Jong-un and a South Korean presidential envoy. The opening of the office – initially scheduled for last month – was delayed amid diplo..
U.S. President Donald Trump's plummeting approval ratings are fueling concerns among Republicans ahead of the country’s midterm elections. HEADLINE 1 The two Koreas will launch their joint liaison office on Friday, aimed at managing inter-Korean ties in a stable manner through 24-hour communication, 365 days of the year. HEADLINE 2 South Korea’s sports minister said that the government is considering making a proposal to North Korea to co-host the 2032 Summer Olympic Games. HEADLINE 3 The government announced a comprehensive plan t..
Dozens of human rights activists rallied outside Japan's de facto embassy in Taipei on Monday to call on the Japanese government to apologize Dozens of human rights activists rallied outside Japan's de facto embassy in Taipei on Monday to call on the Japanese government to apologize after a Japanese right-wing group member was filmed kicking a "comfort women" memorial statue. The statue, which was erected outside Taiwan's opposition party’s office last month, symbolizes the victims of Japan's wartime sexual slavery, also known as comf..
The financial turmoil in emerging markets, which started in Turkey and Argentina, is spreading to India The financial turmoil in emerging markets, which started in Turkey and Argentina, is spreading to India, the third largest economy in Asia. The Indian Finance Ministry is said to be working closely with the Bank of India to stabilize the foreign exchange market and is intervening in the currency market when necessary. Due to soaring oil prices, massive demonstrations have taken place in India. P..

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