De Blasio on maintaining social fabric

The Australian sharemarket was on the backfoot in early trade, with miners and banks leading the losses.

When Severe Typhoon Dolphin approached eastern China in August, more than 110,000 delivery riders across Hangzhou received automatic alerts and personalised safety guidance on their mobile phones every minute. With a few taps, Hangzhou’s “riders’ code” system navigated them to the nearest shelters, which authorities said had reduced their occupational risks under extreme weather. Behind the tailored and quick support was Hangzhou’s artificial intelligence (AI) urban management system, which had...

South Korea’s decade-old debate over female conscription resurfaced during a National Assembly audit this month, amid growing concerns that a shrinking draft-eligible population could undermine military readiness. During a National Assembly defense committee audit on Oct. 12, opposition lawmakers raised the issue, arguing that the time has come for a public discussion as the eligible male population continues to fall. Defense ministry data shows the pool of 20-year-old men eligible for service dropped from 332,000 in 2019 to 257,000 in 2022, and is projected to fall further to 228,000 by 2035 and 120,000 by 2043. Rep. Yoo Yeong-ha of the main opposition People Power Party said, "Now, we must officially put female conscription on the table. This will also require broad societal consensus." Rep. Chun Ha-ram of the Reform Party used the term “gender-equal conscription” — meaning mandatory service for both men and women — to call for a broader discussion on reforming the system. “If we continue wringing a dry towel without even considering gender-equal conscription as an option,

Homeplus, which narrowly avoided liquidation and resumed operations in August, is struggling to regain its footing as weak sales and stalled takeover efforts cloud its recovery, according to industry officials Monday. The uncertainty has also prompted a wave of voluntary resignations among employees. A major supermarket chain, Homeplus is currently undergoing court-led rehabilitation after struggling for years with the decline of the country’s hypermarket sector and consumers’ shift to online shopping. In July, the Seoul Bankruptcy Court briefly terminated the proceedings after the embattled retailer failed to secure the minimum 200 billion won ($150 million) in fresh funding needed to carry out its restructuring plan. Homeplus reversed that outcome only after obtaining emergency financing from Meritz Financial Group, its largest creditor, at the last minute. The retailer reopened all 67 of its remaining stores nationwide on Aug. 13, hoping to put its recovery back on track. Sales reached 10.63 billion won on the first day, followed by a daily average of 8.7 billion won over the nex

Creditors of JoongAng Ilbo Co. picked DaouKiwoom-CJ consortium as the preferred bidder for one of the major South Korean newspaper publishers as they closed bidding for the debt-laden company earlier in the day, industry sources said Monday. According to the sources, the DaouKiwoom-CJ consortium beat Orion and four others in a race to take over JoongAng Ilbo, a deal estimated at between 400 billion won ($300 million) and 500 billion won. In July this year, JoongAng Ilbo entered the debt workout program, led by main creditor Hana Bank and other lenders, amid liquidity problems at its parent, JoongAng Group. Creditors' debt collection has been suspended for three months, allowing the company to avoid court-led rehabilitation proceedings. JoongAng Holdings owns a 64.7 percent stake in JoongAng Ilbo and is controlled by the founding family of JoongAng Group.

Boards change, projects change and even company names magically morph, but Dollar Bill asks whether it is real change or just the tired old format re-polished.

The planned burn is being conducted to reduce the fire hazard.

Deliberate attack on Independent MP triggers bipartisan alarm over political hate

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Fatal crash case mentioned in court for the first time.

Independent MP Helen Haines was struck by a vehicle in Wangaratta on Monday, in what authorities say was a deliberate attack.

A family butcher in Ivanhoe, in Melbourne's north-east, was ransacked in an overnight heist, with an estimated $8000 worth of meat stolen.