Blog

Trending Now
Amazon is raising the price of Prime to $119
Amazon (AMZN) is raising the price of Amazon Prime from $99 to $119 per year. The company announced the price hike for its membership program during a call with investors Thursday. The change will go into effect May 11, and it will apply to Prime renewals beginning June 16. "We continue to increase the value of Prime," Amazon CFO Brian Olsavsky said on the call, adding that the company has…
Trending Now
$4.4 billion bailout could save GM in South Korea
General Motors just received a lifeline in a key Asian market. The government of South Korea and GM have agreed to inject $4.4 billion into the automaker's operations in the country, which had been in danger of falling into bankruptcy. Under the terms of the deal, the state-owned Korean Development Bank (KDB) will invest a fresh $750 million into GM Korea, and GM will fork over $3.6 billion. The agreement…
Trending Now
South Koreans dare to hope of once unthinkable peace with Kim
In downtown Seoul, the giant smiling face of Kim Jong Un stared down at pedestrians from a billboard-sized TV screen. Usually when the North Korean leader appears on screens in the South Korean capital, it is a sign of danger and high tensions on the Korean Peninsula: nuclear tests, missile launches, or promises of annihilation. But on Friday, in a moment that few had ever expected to see, Kim was…
Trending Now
In pictures: The historic Korean summit
North Korean leader Kim Jong Un, left, and South Korean President Moon Jae-in walk together after crossing the demarcation line that separates the two countries. Korea Summit Press Pool/AP History was made Friday when Kim Jong Un became the first North Korean leader to cross into South Korean territory since 1953. South Korean President Moon Jae-in was waiting to greet him at the military demarcation line that has long divided…
Trending Now
When Kim met Moon: All the key moments from a historic day
The world was watching when Kim stepped across the line that separates the divided Koreas to shake hands with Moon and take part in the the first face-to-face meeting of the two countries' leaders for more than a decade. Moon steps into North Korean territory While Kim had been expected to step onto the South Korean side of the demilitarized zone for Friday's summit, there had been no plans for…
Trending Now
Royal baby name revealed
Prince Louis (pronounced Loo-ee) is fifth in line to the British throne, after grandfather Prince Charles, father Prince William and his two older siblings. "The Duke and Duchess of Cambridge are delighted to announce that they have named their son Louis Arthur Charles," Kensington Palace said in a statement. "The baby will be known as His Royal Highness Prince Louis of Cambridge. The name does not have a strong British…
Trending Now
Kim Jong Un calls for ‘new history’ as Korean peace summit kicks off
Kim became the first North Korean leader to step into South Korean territory since 1953 on Friday morning, crossing the line that separates the two Koreas at the demilitarized zone (DMZ) in a highly choreographed moment that was beamed live to the world. He was greeted by President Moon before walking along a red carpet to the Peace House for the first meeting between the leaders of the divided Koreas…