South Korea’s stock market was back in the red on Monday, extending a turbulent stretch after July’s historic selloff. On Monday, the country’s benchmark Kospi index closed 5% lower as index heavyweights Samsung Electronics and SK Hynix both ended 9% lower. The declines reversed part of Friday’s record rebound, when the Kospi surged 178% —
When James Daunt was named CEO of Barnes & Noble in 2019, he quickly began making the big-box store more like local indie bookstores. Barnes & Noble had just been taken private by Elliott Advisors for $683 million after sales declines driven by formulaic stores that had lost their charm. The hedge fund installed Daunt,
The US and Japan carried out their first coordinated yen-buying intervention in nearly three decades on Friday, stepping into currency markets after the yen weakened to a 40-year low against the dollar. Japanese Finance Minister Satsuki Katayama confirmed the operation on Monday and warned that the two countries could intervene together again if needed. The
President Donald Trump said late Saturday that he would halt new planned attacks on Iran pending renewed talks to wind down the war and revive stalled cargo traffic through the Strait of Hormuz. It was the latest in a pattern of announcements the U.S. president has made to first threaten massive strikes and then later call them off. The abrupt
This as-told-to essay is based on a conversation with Eeman Farooqui, a 24-year-old clinical coordinator based in Buffalo. It has been edited for length and clarity. I was a pre-med student specializing in neuroscience and psychology at university, planning to pursue a research career. My path changed abruptly last year when my grandmother, whom I
The UK government has more than doubled the number of crime agency officers deployed to combat human smuggling in the past 18 months as it steps up efforts to stop the gangs behind illegal migration. Prime Minister Andy Burnham said on a trip to the port of Dover that he would be “relentless” in addressing
