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Business

Won Slips to Two-Year Low on Dollar Weakness

The won-dollar exchange rate broke the yearly intraday low on Oct. 16, falling to its lowest level in about two years.It rose early in the session due to concerns over inflation in the United States…

  • Won-dollar exchange rate hits two-year low at 1331.4 won
  • Inflation concerns and Fed rate hike speculation rise
  • KOSPI stock market gains 2.05% amid dollar weakness

World

Cocaine in shoes: Invited on vacation to Japan, only to end up as drug mules

A MARRIED couple and three of their friends, who were arrested with five kilograms of cocaine at Haneda Airport in Tokyo on October 10, were acting as drug mules.

  • Three Sarawak friends invited accomplices to Japan for vacation.
  • Caught at Haneda Airport with 5kg cocaine in drug-laden shoes.
  • Each promised RM8,000 as drug mule reward; investigation ongoing.

Culture

NEA to send legal notices to 7 companies under haze law; will take further action where warranted

NEA has been tracking hotspots and smoke from fires in the region to identify the companies that contributed to the haze.

  • Seven companies receive legal notices from NEA for haze-causing land burning in Indonesia.
  • Preventive Measure Notices under Transboundary Haze Pollution Act to halt haze pollution.
  • Haze expected to last 3-4 weeks until wind changes, with potential hazardous air quality.

Tech

Tax Officers Reject New Plans for FBR

The Inland Revenue Service Officers Association (IRSOA) has opposed further structural changes at the Federal Board of Revenue (FBR), urging … Read More The post Tax Officers Reject New Plans for FBR appeared first on ProPakistani .

Tech

Blue Owl defends software exposure amid private credit redemption pressures

Blue Owl Capital has played down concerns over AI-driven disruption to its software investments, as the alternative asset manager continues to face elevated redemption requests across some private…

  • Blue Owl Capital confident in software investments despite AI disruption concerns.
  • Private credit redemption requests rise, especially for software borrowers facing AI competition.
  • Blue Owl expands to Asia-Pacific data center financing, appoints Takeo Ikemori for Japan business.

Science

New type of superionic water ice observed for the first time

Hexagonal close-packed phase could exist deep within the planets Uranus and Neptune, contributing to their peculiar magnetic fields The post New type of superionic water ice observed for the first time appeared first on Physics World .

  • Scientists create first observed superionic ice phase in lab
  • Hexagonal close-packed structure with liquid hydrogen diffusion
  • Discovery could explain Uranus, Neptune's magnetic fields
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