Guryong Village, South Korea: 500 people evacuated after massive fire in one of Seoul’s last slums

Seoul CNN — According to firefighters, about 500 people were evacuated from their homes on Friday after a fire broke out in Guryong Village, one of the last remaining slums in the South Korean capital of Seoul. The fire broke out at around 6:28 a.m. in the village’s fourth precinct, Shin Yong-ho, a Gangnam Fire … Read more

Party City is filing for bankruptcy

New York CNN — Party City filed for bankruptcy protection on Tuesday, weighed down by competition and years of financial losses. The largest party and Halloween specialty retailer in the United States said in a filing that it has reached an agreement with debt holders to reduce its $1.7 billion debt burden. The company said … Read more

Bud Light and Budweiser are getting a makeover at this year’s Super Bowl

New York CNN — Anheuser-Busch may no longer be the only alcohol brand advertising during the Super Bowl, but it will still have a big presence — even if rivals seize the opportunity after a 33-year drought. The beer company announced Thursday that it will have three minutes of national airtime during this year’s big … Read more

Debt ceiling: Here’s what you need to know as the threat of default looms

CNN — The clock is now ticking to avoid a financial crisis. The US hit its debt ceiling on Thursday, prompting the Treasury Department to take extraordinary measures to avoid bankruptcy. While Treasury Secretary Janet Yellen doesn’t expect the US to default before early June, Congress needs to get serious about negotiating a solution, which … Read more

France strikes: Workers walk out in mass protests against plans to raise retirement age

Paris/London CNN — Trains and flights were canceled in France, primary schools were closed and thousands of police officers were deployed as unions staged nationwide strikes on Thursday to protest the government’s plan to raise the retirement age for most workers. Protests in major French cities, including Paris, Marseille, Toulouse, Nantes and Nice, halted transport. … Read more

Davos attracts a record number of people, but its relevance is fading

London CNN — For decades, business leaders, billionaires and politicians have gathered in Davos, Switzerland, under the banner of forging bonds that can help solve global problems. It’s a glitzy exercise that’s often criticized as unattainable. It also seems increasingly outdated as Europe’s biggest war since 1945 deepens the splits in the global economy. This … Read more

South Korea brought K-pop and K-dramas to the world. The Korean language could be next

CNN — There’s never been a better time to learn Korean. It is one of the fastest growing languages ​​in the world, surpassing traditionally popular rivals such as Chinese in multiple markets – a reflection of the global phenomenon many refer to as the “Korean Wave.” According to the company’s annual language report, Korean was … Read more

Climate activist Greta Thunberg released after arrest by German police at coal mine protest

CNN — Swedish climate activist Greta Thunberg was released by German police on Tuesday evening after being detained earlier in the day at a protest against the expansion of a coal mine in the western village of Lützerath, police confirmed to CNN on Wednesday. Thunberg was only held for a short time. Once (Thunberg’s) identity … Read more

Fukushima meltdown: Tokyo Supreme Court acquits three former TEPCO executives, NHK reports

Tokyo CNN — Tokyo’s Supreme Court on Wednesday acquitted three former Tokyo Electric Power Company (Tepco) executives and found them not guilty of manslaughter following the 2011 triple reactor meltdown at the Fukushima Daiichi nuclear power plant, Japanese public broadcaster NHK reported Wednesday. The Supreme Court ruling was a decision on an appeal against a … Read more

The Russian war in Ukraine led to a historic food crisis. It is not over yet

London CNN — Grain leaves Ukrainian ports again. Fertilizer prices are falling sharply. Billions of dollars in aid have been mobilized. Yet the world is still in the grip of the worst food crisis in modern history, as the Russian war in Ukraine shakes global farming systems already grappling with the effects of extreme weather … Read more