Latest news with #EdDavies
The Star
19-05-2025
- Business
- The Star
Samsung SDI cuts pricing of new shares by 17% amid tariff-driven sell-off
SEOUL (Reuters) -Samsung SDI on Monday slashed the pricing of its new share issue by 17% after its stock declined in a broad market sell-off sparked by concerns over potential U.S. tariffs. The South Korean battery maker has lowered the price of its planned share sale twice since March. It now plans to sell new shares at 140,000 won ($100.37) each, down from the originally proposed price of 169,200 announced in March. Samsung SDI lowered its pricing of new shares to 146,200 won last month. ($1 = 1,394.9000 won) (Reporting by Ju-min Park; Editing by Ed Davies)
The Star
07-05-2025
- The Star
North Korea fires missile off east coast, South Korea says
SEOUL (Reuters) - North Korea has fired an unidentified ballistic missile off its east coast, South Korea's military said on Thursday. The military had no further details. In March, North Korea fired multiple ballistic missiles, while blaming the South Korean and U.S. militaries for launching drills that Pyongyang called a "dangerous provocative act". (Reporting by Ju-min Park; Editing by Ed Davies)
The Star
28-04-2025
- Climate
- The Star
South Korean city orders more than 1,200 residents to evacuate due to wildfire
SEOUL (Reuters) -The South Korean city of Daegu ordered on Monday more than 1,200 residents to evacuate after strong winds whipped up a wildfire and prompted the closure of a highway in the area due to concerns about the blaze. The wildfire began at around 2 p.m. (0500 GMT) and had affected an estimated 50 hectares (123.6 acres) in less than two hours due to dry conditions and constant winds, the Korea Forest Service said in a statement. No casualties had been reported so far due to the fire around Daegu, which is about 233 km (145 miles) southeast of the capital Seoul. The Korea Forest Service said 26 helicopters and 202 firefighting personnel were deployed to the site, while a section of the Gyeongbu highway was closed. In March, South Korea suffered the country's worst ever natural fire disaster, with nearly 30 people killed and historic temples incinerated. (Reporting by Joyce LeeEditing by Ed Davies)
Telegraph
20-04-2025
- Politics
- Telegraph
Teachers ‘meeting with parents less since Covid'
Teachers are meeting fewer parents of school children since the pandemic, a report has found. The number of families speaking to teachers about their child's progress has fallen significantly, according to the Centre for Social Justice (CSJ). The think tank, founded by Sir Iain Duncan Smith, said it showed a 'crisis of parental involvement' in UK schools. The warning comes as CSJ published a report revealing that children 's wellbeing in Britain is lagging behind other developed nations. Not considered 'school-ready' The Growth isn't Good Enough report, which analysed data from the Programme for International Student Assessment (PISA), found that 'parental involvement has plummeted' in schools between 2018 and 2022. Only 53 per cent of families reported speaking to teachers about their child's progress on the teacher's initiative in 2022, a decrease of 24 percentage points from 2018. When it came to families discussing progress of their own accord, the figure dropped to 25 per cent in 2022, down 12 percentage points in four years. The effect of the Covid pandemic has had a lasting impact on school children of all ages, with previous studies finding that a third of children entering education in 2022-23 were not considered 'school-ready'. Children who grew up during lockdown are said to be arriving at primary school in buggies and are unable to respond to their own names. 'Arms race' Ed Davies, director of research at CSJ, said that political parties trying to drive mothers back to work as soon as possible was 'actively harming the vast majority of our children' He said there was an 'arms race' among political parties to outbid each other in expanding state childcare for small children, saying it was 'not a child-centric policy'. The CSJ report found that one in four British children are dissatisfied with life and said that poor wellbeing among children and teenagers has a lasting effect into adolescence. The report comes as a teaching union announced it will ballot its members for industrial action if the Government offers a pay award that is 'not fully funded'. Delegates at the annual conference of the NASUWT teaching union in Liverpool have voted to 'step up' its campaigning to secure a fully funded, real-terms pay award for teachers for 2025/26. 'Unacceptable' A motion, passed at the NASUWT conference, called on the union's national action committee 'to reject any pay award that is not fully funded and to move immediately to ballot members for industrial action'. The vote comes after another teaching union, the National Education Union (NEU), said it would launch a formal ballot on strike action if the Government's final pay offer for teachers remained 'unacceptable'. It comes as the Government announced that free breakfast clubs are set to launch at 750 schools across England next week. Thousands of parents will be able to access 30 minutes of morning childcare from Tuesday as part of a trial beginning at the start of the new term and running to July, ahead of an expected national rollout.
Zawya
14-02-2025
- Business
- Zawya
South Korea fines JPMorgan, Morgan Stanley, Nomura and UBS for short selling breaches
SEOUL - South Korea's market watchdog has decided to impose fines on JPMorgan, Morgan Stanley, Nomura and UBS for violating short-selling rules in the domestic stock market, officials at the country's Financial Supervisory Service (FSS) said on Thursday. "We have concluded administrative sanctions, meaning imposing fines," an official said, declining to provide further details because the decision had not been officially disclosed. The decision was made on Wednesday by the Securities and Futures Commission, according to another official at the FSS. Nomura said it was not aware of any decision by the regulator and could not comment. JPMorgan and Morgan Stanley declined to comment, while UBS said it did not have any comment at this time. In South Korea, naked short-selling of stocks, or selling stocks without borrowing them first or determining they can be borrowed, is banned by the Capital Markets Act. South Korea plans to lift in March a market-wide ban introduced in November 2023 on stock short-selling, when it is expected to have a system ready to detect illegal trades. (Reporting by Jihoon Lee Editing by Ed Davies)
