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(MENAFN - AFP) South Korean inflation grew at its slowest rate for seven months in September, helped by stable prices of food and healthcare services, state data showed Wednesday.

The consumer price index rose 1.1 percent from a year ago, following a 1.4-percent increase in August, the state-run Statistics Korea said.

It was the slowest pace since February when it ...

 
(MENAFN - AFP) Social news sharing site Reddit on Tuesday announced it had raised $50 million from investors who agreed that, this time, members of its community would get a piece of the action.

The infusion of funding led by Y Combinator president Sam Altman and joined by rapper Snoop Dogg reportedly gives Reddit a valuation of about $500 million.

Y Combinator is a ...

 
(MENAFN - AFP) The European Union on Tuesday decided to keep in place biting economic sanctions on Russia over its alleged backing of pro-Kremlin insurgents who have largely ignored a four-week Ukrainian truce.

The bloc's announcement came just moments before NATO reported the continued presence of "hundreds" of elite Russian soldiers in the war-torn former Soviet nation's ...

 
(MENAFN - AFP) A manufacturing fault has been discovered in the Eurofighter Typhoon warplanes, Germany said Tuesday, announcing it was suspending deliveries of the sophisticated jets.

The news was another blow to the troubled and costly Eurofighter programme -- and raised concerns over the use of the planes.

According to Germany's defence ministry, the defect discovered ...

 
(MENAFN - AFP) Microsoft on Tuesday offered its first glimpse of its Windows 10 software that it hopes delivers a winning formula for powering tablets and smartphones, along with laptops and desktop computers.

The US software colossus focused on its core business market while unveiling an "early technical preview" of next-generation Windows software slated for release next ...

 
(MENAFN - AFP) Netflix is branching out into the world of movies with a sequel to "Crouching Tiger, Hidden Dragon" that will premiere simultaneously on the online streaming service and in selected theaters next year.

"Crouching Tiger, Hidden Dragon: The Green Legend" will be the first of several major films backed by Netflix to be released on the same day, August 28, 2015, ...

 
(MENAFN - AFP) Argentina deposited a $161 million payment on its restructured debt Tuesday, defying a US judge who ruled it in contempt of court and ordered it to pay two "holdout" creditors first.

The Argentine government, forced into default for the second time in 13 years as a result of the bitter legal dispute, said it had deposited the payment in a Buenos Aires account ...

 
(MENAFN - AFP) The European Union on Tuesday decided to keep in place biting economic sanctions on Russia over its alleged backing of pro-Kremlin insurgents who have largely ignored a four-week Ukrainian truce.

The bloc's announcement came just moments before NATO reported the continued presence of "hundreds" of elite Russian soldiers in the war-torn former Soviet nation's ...

 
(MENAFN - AFP) Swiss banking giant UBS has made a 1.1-billion-euro ($1.4 billion) bail payment for allegedly helping rich French clients to hide money in Switzerland, a lawyer for the firm said Tuesday.

The payment "has been made, subject to the legal recourse open to UBS," said the lawyer, Denis Chemla.

The bank was charged with tax fraud in July and ordered to pay ...

 
(MENAFN - AFP) The European Union said Tuesday that Apple's sweetheart tax deals with Ireland breached rules on receiving state aid, in a case which could cost the US tech giant billions if it is found at fault.

Brussels released a letter that the EU competition commissioner sent to the Irish government in June formally setting out the reasons for opening an investigation ...

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