SEOUL: South Korea’s central bank on Thursday cut its key interest rate for the first time in three years as the economy struggles with sluggish global growth and with the country embroiled in a trade spat with Japan. The Bank of Korea (BOK) lowered its key rate to 1.5 percent
SAN FRANCISCO: Netflix shares plunged in after-hours trade Wednesday after its quarterly update showed weaker-than-expected subscriber growth for the streaming television sector leader. Netflix said it added 2.7 million new subscribers worldwide in the April-June period, well below expectations, as the sector prepared for offerings from rival groups including Walt
A giant manta ray with several fishing hooks caught below its eye appeared to ask two nearby divers for help in removing them, and then waited patiently for them to do so. Underwater photographer Jake Wilton was diving off Australia’s west coast when the three-metre wide animal moved toward him,
CHANTILLY: French Finance Minister Bruno Le Maire is to lead talks on finding a single European candidate to succeed Christine Lagarde as head of the International Monetary Fund (IMF), sources said yesterday. The post of IMF managing director, which by convention goes to a European, became vacant after Lagarde was
HONG KONG: Asian markets fell yesterday, hit by concerns about the uncertain global economic outlook, the China-US trade war and tepid corporate earnings reports. With an expected Federal Reserve interest rate cut already priced in, having fuelled a healthy rally, and few other catalysts to drive buying, analysts said investors
SYDNEY: Instagram started hiding “likes” on its platform in Australia, Brazil and several other major markets yesterday, saying it wanted to ease pressure on users, following criticism about its impacts on mental health. The Facebook-owned social media giant’s trial changes mean users in the six countries will no longer be
NEW YORK: Popular Russia-based application FaceApp, which allows users to change their appearance to look older or younger, came under fire in the United States Wednesday, with one senator urging an FBI investigation. Senate Minority Leader Chuck Schumer called for the FBI and the FTC, the US consumer protection body,
LAHORE: Pakistani authorities yesterday detained the alleged mastermind of the 2008 Mumbai attacks, a security official said, as the country faces increased pressure to crack down on militants operating on its soil. Firebrand cleric Hafiz Saeed — declared a global terrorist by the US and UN, and who has a
MUMBAI: Rescuers pulled a woman from the rubble of a Mumbai building a day after it collapsed but her two young children did not survive, officials said yesterday, as the death toll from the tragedy rose to 13. Heavy monsoon rains on Tuesday trapped more than 40 people after the
Sue Finley began work at the Jet Propulsion Laboratory as the US prepared to launch its first satellite into orbit in 1958, racing to match the Soviet Union, which had accomplished the feat months earlier. Now 82, she is one of Nasa’s longest-serving women, starting out as one of its