BANGKOK (AP) — Thailand's military-appointed legislature on Friday voted to impeach former Prime Minister Yingluck Shinawatra for her role in overseeing a government rice subsidy program that lost billions of dollars, a move that could further polarize a divided nation plagued by political turmoil and coups for a decade.
Hyundai Motor reports earnings drop, forecasts weak sales
SEOUL, South Korea (AP) — Hyundai Motor Co. suffered a drop in quarterly earnings and is forecasting weak sales growth this year after falling behind competitors in factory expansions.
South Korea's largest automaker said Thursday its October-December net income dropped 22 percent from a year earlier to 1.66 trillion won ($1.53 billion).
The median expectation of analysts surveyed by financial data provider FactSet was a 2 trillion won profit. Sales rose 8 percent to 23.6 trillion won.
Hyundai blamed unfavorable foreign exchange rates for the lower earnings. Even though the South Korean won fell against the U.S. dollar in favor of Hyundai, it rose against the Russian ruble and the currencies of other emerging market nations.
We want to move from people needing Windows to choosing Windows to loving Windows. That is our bold goal with Windows.”
So spoke Microsoft (MSFT) CEO Satya Nadella at the outset of his brief speech at the Windows 10 coming out party on Wednesday. And while the software looks sharp and includes a bunch of useful, new features, Nadella’s emotional pitch sounded a lot more like his wrong-way predecessor, Steve Ballmer, than the savvy newcomer who took over last year.
Bomb explodes outside presidential palace in Cairo, one injured
Cairo (AFP) - A police officer was injured when a small bomb exploded outside the presidential palace in Cairo on Thursday, police sources said.
An unknown assailant on a motorbike threw the bomb in front of the main entrance of the Al-Qubba palace before fleeing, the sources said.
There has been a wave of violence in Egypt since Islamist president Mohammed Morsi was toppled by the military in July 2013 and a crackdown was launched on his supporters, leaving more than 1,400 people dead.
Egyptian President Abdel Fattah al-Sisi, the man who toppled Morsi, is currently attending the World Economic Forum in Davos, Switzerland.
New Brazil ag minister bats down anti-environment reputation
BRASILIA, Brazil (AP) — New Agriculture Minister Katia Abreu, nicknamed the "chainsaw queen" by Brazilian environmentalists for what they call her promotion of deforestation, strongly rejected the criticism Thursday, calling it sexist since she's the first woman to hold her post.
Abreu told a small group of foreign reporters that she and her predecessors over the past 12 years had the same thinking on agricultural policies, "so I think that there is an element of machismo, a bias against women," in the strong reactions to her being named minister.