News
South Korea proposes ban of dog meat as consumption dwindles
President of South Korea Moon Jae-in has raised intentions to ban the consumption of dog meat within his nation
The President of South Korea has raised banning the eating of dogs in the country as the traditional practice becomes an “international embarrassment.”
The dog meat industry, which has long been heavily criticised by western nations, slaughters one million dogs a year in South Korea.
Though most Koreans have never eaten the type of meat, pressure is mounting on the country’s government to impose bans.
Demand for dog meat in Korea has dwindled in recent years
Speaking during a meeting with the prime minister of South Korea, Mr Moon questioned whether it was time to “prudently consider” a ban.
It is the first time that the president, a known dog lover, has raised the prospect of a total ban.
Moon made the comments as he was briefed on new measures to protect abandoned animals in the country.
There is already a law in place banning the cruel slaughter of dogs and cats, but consumption itself is not banned.
However, in recent years, people have turned away from eating dog meat, particularly amid a growing trend to keep the animals as pets.
As a result, three of the country’s largest dog meat markets have closed down.
A poll conducted in 2020 by Nielsen for Humane Society International discovered that 84% of people in South Korea have never eaten dog meat or say they do not want to consume it in the future.
That survey also found that 59% of South Koreans support banning dog meat.
Animal rights groups have welcomed the news having long-called for a ban.
News
RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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U.S. retail sales slowdown sparks new fears ahead of Fed decision
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.
The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.
Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.
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News
xAI’s $15 billion raise, deadline pressure and Grokipedia launch
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.
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