Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea’s No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. He was 98. He was the last of the South Korean entrepreneurs who founded the country’s major chaebols, or… Read More Founder of South Korean retail giant Lotte Group dies at 98
At least 75 inmates, including members of Brazil’s most powerful gang, escaped from a Paraguayan prison on Sunday after digging a tunnel in an operation that prison officials were believed to have been aware, the government said. The director of the prison in the city of Pedro Juan Caballero, near the Brazilian border, was fired… Read More Dozens of inmates escape from Paraguayan prison near Brazil border
North Korean Foreign Minister Ri Yong Ho has been replaced, Seoul-based NK News reported on Saturday. The usually well-informed outlet, citing multiple unnamed sources in Pyongyang, said Ri would be replaced by Ri Son Gwon, the former chairman of the Committee for the Peaceful Reunification of the Country (CPRC), who played a prominent role in… Read More North Korea replaces foreign minister Ri Yong Ho
Russian President Vladimir Putin proposed constitutional changes on Wednesday that would give him scope to extend his grip on power after leaving the presidency, and picked a new prime minister after Dmitry Medvedev and his cabinet stepped down. Most importantly, Putin suggested diminishing the powers of the presidency and beefing up those of the prime… Read More Russian cabinet resigns following President Vladimir Putin’s proposal of constitutional changes
Pope Francis on Wednesday named the first woman to hold a high-ranking post in the Secretariat of State, the male-dominated Vatican’s diplomatic and administrative nerve center. Italian lay woman Francesca Di Giovanni, 66, will assume a newly-created post in a division known as the Section for Relations with States where she takes the rank of… Read More Pope Francis names first woman to senior Vatican diplomatic post
One person was killed, another was missing and six were injured in an explosion and fire at a chemical factory in northeastern Spain, local authorities said. Black smoke billowed above the factory in Tarragona, following what rescue services called a “chemical accident”. However, authorities said there was no evidence of any “toxic cloud”. Two of… Read More One dead, six injured following explosion at chemical factory in Spain
The U.S. government is nearing publication of a rule that would vastly expand its powers to block shipments of foreign-made goods to China’s Huawei, as it seeks to squeeze the blacklisted telecoms company, two sources said. The U.S. Commerce Department in May placed Huawei Technologies Co Ltd on a trade blacklist, citing national security concerns.… Read More U.S. set to publish rule to block more sales to Huawei
Amazon.com Inc CEO Jeff Bezos said his company will invest $1 billion to bring small and medium-sized businesses online in India and expects to export $10 billion worth of India-made goods by 2025. Bezos’ visit comes amid strident criticism from small business owners who accuse the company and Walmart’s Flipkart of unfair business practices. The… Read More Amazon to invest $1billion to aid small, medium Indian businesses
