Mysterious Illness Striking Young Workers In The South

SK Hynix Unleashes South Korea's Biggest-Ever 'Buyback Bazooka' To Halt Stock Rout Asian equities fell sharply overnight as the regional semiconductor rout intensified following another downdraft in US chipmakers on Tuesday (read morning wrap). Japan, South Korea, and Taiwan led the regional declines, while Chinese stocks also weakened despite the blockbuster IPO of humanoid robotics maker Unitree. Against that bearish backdrop, SK Hynix announced the largest share buyback in South Korean history, a highly aggressive attempt to arrest a six-week selloff that has erased roughly half of its market value. The...

IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World Authored by Rex Widerstrom via The Epoch Times (emphasis ours), The International Monetary Fund (IMF) says Australia is on track to have one of the highest inflation rates in the developed world. Australian dollars coins in Melbourne, Australia, on April 4, 2024. AAP Image/Joel Carrett In the latest edition of its World Economic Outlook, the global lender said economies around the world “face repercussions [from] the direct impact of higher commodity prices, indirect second-order effects on inflation expectations—which tend to...

Rubio In Gulf Says 'Zero Support' For Hormuz Tolls, As IRGC Warns Ships Not Complying 'Will Be Dealt With' Secretary of State Marco Rubio has made some fresh Thursday remarks in Manama, Bahrain after his meeting with Gulf Cooperation Council (GCC) foreign ministers. "We had a very productive meeting," he acknowledged. The US top diplomat emphasized that "zero support" from Gulf countries for tolls or fees on the Strait of Hormuz, in contradiction to Iran's official stance (and possibly in coordination with Oman, which has provoked US wrath). Pool/file image Oman has remained...