Tuesday, 17 October 2017
New York
Tuesday, 17 October 2017 03:38 WIB

The seven defense lawyers of ousted South Korean President Park Geun-hye resigned en masse Monday to protest what they say is a biased corruption trial. Speaking for the first time since the start of her trial, Park, who was removed from office and arrested in March, called the proceedings against her an act of "political revenge." Park was impeached in December by parliament and in March fired by the country's top court, following revelations of her involvement in a massive corruption scandal centered on a friend of 40 years and some of the country's top businessmen, including Samsung...

Tesla Fires Hundreds of Workers After Annual Reviews
Monday, 16 October 2017 20:21 WIB | Global

Tesla Motors fired hundreds of workers after completing its annual performance reviews, even though the electric automaker is trying to ramp up production to meet the demand for its new Model 3 sedan. The Palo Alto, California-based company confirmed the cuts in a Saturday statement, but didnt disclose how many of its 33,000 workers were jettisoned. The San Jose Mercury News interviewed multiple former and current Tesla employees who estimated 400 to 700 workers lost their jobs. The housecleaning swept out workers in administrative and sales jobs, in addition to Teslas manufacturing...

N.Korea ready for missile launch ahead of US-South Korea drill
Monday, 16 October 2017 08:30 WIB | Amerika Korea Selatan Korea Utara

As per South Korean media reports, North Korea is believed to be preparing to launch a ballistic missile ahead of an upcoming joint naval drill by the US and South Korea. A joint military drill between the US and South Korea will be held from Monday through Friday, Yonhap reported Sunday. North Korea's state-run agency KCNA called the joint mililtary drill 'a reckless act of war maniacs'.   Source: FXstreet

ASEAN renews currency swap deal
Saturday, 14 October 2017 04:31 WIB | Global

The Association of Southeast Asian Nations (ASEAN) has agreed to renew a currency swap deal for two more years from Nov. 17, providing a total of $2 billion in financial support, the Malaysian central bank said on Friday. The agreement was reached between regional central banks and monetary authorities, Bank Negara Malaysia (BNM) said in a statement. The ASEAN Swap Arrangement (ASA) was established in 1977 as part of regional initiatives to promote financial stability through the provision of short-term liquidity support for member countries which suffered temporary balance of payment...

Israeli-Palestinian Issue Back in Spotlight After US Leaves UNESCO
Friday, 13 October 2017 22:37 WIB | Global

State Department officials on Thursday defended the U.S. decision to withdraw from UNESCO, citing the need to see real reform at the United Nations cultural agency. "We would like to see the politics kept out of it," State Department spokesperson Heather Nauert told reporters. "And we see with this anti-Israeli bias that is long documented on the part of UNESCO, that that needs to come to an end." UNESCO, the U.N. Education, Scientific, and Cultural Organization, responded with regret over the decision. The U.S. had stopped funding the organization after it voted to include Palestine as a...

Spain's Prime Minister Issues Warning, Ultimatum to Catalonia
Friday, 13 October 2017 04:27 WIB | Global

Spain is holding its annual national day celebration Thursday under the cloud of the country's biggest political crisis since a failed coup four decades ago. Spaniards lined the streets of Madrid carrying national flags as unionists used the holiday military parade to show unity in the face of moves by Catalonia to declare independence. The wealthy region's intention to break away has plunged Spain into its worst political crisis since an attempted military coup in 1981. Prime Minister Mariano Rajoy issued Wednesday an ultimatum to Catalonian President Carles Puigdemont to clarify by...

Experts Urge Close German-US Relations Despite Trump
Thursday, 12 October 2017 23:58 WIB | Global

Several prominent German foreign policy experts on Thursday urged the incoming German government not to turn away from the United States despite U.S. President Donald Trump's unilateral "America First" stance. The group of leading experts published a manifesto in the weekly Die Zeit saying the "success and security of Germany and Europe is based on the system" of a liberal, international order and multilateral institutions, which Trump is fundamentally questioning with his "power-based, nationalist politics." They wrote that because of America's current course, Germany - which recently...

Australia Jet and Navy Data Stolen in Extensive Hack
Thursday, 12 October 2017 21:12 WIB | Global

Sensitive information about Australia's defence programmes has been stolen in an "extensive" cyber hack. About 30GB of data was compromised in the hack on a government contractor, including details about new fighter planes and navy vessels. The data was commercially sensitive but not classified, the government said. It did not know if a state was involved. Australian cyber security officials dubbed the mystery hacker "Alf", after a character on TV soap Home and Away. The breach began in July last year, but the Australian Signals Directorate (ASD) was not alerted until November. The...

Iraq Orders Arrest of Kurdish Independence Election Officials
Thursday, 12 October 2017 10:12 WIB | Global

An Iraqi court on Wednesday issued arrest warrants for several officials tied to the recent referendum for Kurdish independence. A spokesman for Iraq's Supreme Judicial Council said the court issued arrest warrants for the referendum commission chairman and two of his aides for "violating a valid court ruling, which considered the independence vote invalid." The supreme court ruled Sept. 25 that the referendum vote would violate Iraqi law, but organizers carried out the election anyway. Iraqi Kurds overwhelmingly voted in favor of a non-binding independence referendum. Leaders said they...

Saham China sedikit berubah jelang kongres partai, data GDP

China stocks ended little changed on Tuesday as investors awaited key mainland economic data and a major leadership summit later in the week, though resources firms posted losses on concerns the sector™s recent rally may be over. The blue-chip...

Tokyo Stocks Up For 11th Straight Day, Hit Fresh 21-Year High

Tokyo benchmark index marked another fresh 21-year high on Tuesday, rising for the 11th straight session, as upbeat Japanese corporate earnings outweighed concerns about overheating. The Nikkei 225 rose 0.38 percent, or 80.56 points to end at...

Oil Buoyed as Clashes Embroiling OPEC's No. 2 Member Curb Output

Rising tensions in OPEC second-biggest producer as Iraq's government violently clashes with the semi-autonomous Kurdish region are sustaining oil's gains, for now. Fighting in Kirkuk, home to Iraq's oldest-producing fields, has shut production...

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