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Korea central bank slashes 2025 growth

The Bank of Korea in Seoul / Korea Times file SEOUL — South Korea’s central bank said Monday it had slashed its 2025 growth forecast because of the political crisis triggered by President Yoon Suk Yeol’s declaration of martial law last month. Yoon briefly suspended civilian rule on Dec. 3, …

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EU reopens trade talks with Malaysia as Trump threat looms

Photo Credit: thestandard.com.hk BRUSSELS — The European Union and Malaysia announced Monday that they were restarting negotiations for a free trade deal, with the bloc looking to strengthen trade ties around the world as US President-elect Donald Trump assumes office. Trump’s threats of high tariffs on imports have rattled EU …

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Startup seeks merger with US TikTok unit

US search engine startup Perplexity AI submitted a bid on Saturday to TikTok’s Chinese parent ByteDance for Perplexity to merge with TikTok US, a source familiar with the company’s plans told Reuters. CNBC first reported the offer. Perplexity would merge with TikTok US and create a new entity by combining …

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TikTok stops working for U.S. users

TikTok stopped working in the United States late on Saturday and disappeared from Apple and Google app stores ahead of a law that takes effect Sunday requiring the shutdown of the app used by 170 million Americans.  The app posted a notice to users trying to use it around 10:45 …

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US firms are concerned about Trump tariff – Fed

FILE – President-elect Donald Trump speaks at meeting of the House GOP conference, Nov. 13, 2024, in Washington. (AP Photo/Alex Brandon, File) WASHINGTON, D.C. — US businesses across the country are concerned about the economic impact of President-elect Donald Trump’s proposals to raise tariffs and sharply curtail immigration, the Federal …

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