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S Korea pension chief arrested in Samsung-linked corruption probe
1 Jan 2017 11:08 PM GMTSouth Korea’s former health minister was arrested under a court order on Saturday in a widening probe to determine whether impeached President Park...
US power utility blames Russia for malware code
1 Jan 2017 11:06 PM GMTA state electric utility has confirmed it had found on one of its laptops a malware code the US government says is used by Russian hackers. The...
French company staff now have ‘right to disconnect’
1 Jan 2017 11:04 PM GMTFrench companies will be required to guarantee a “right to disconnect” to their employees from today as the country seeks to tackle the modern-day...
Going green: China to cut coal capacity by 800 mt by 2020
1 Jan 2017 11:03 PM GMTChina has set a target of reducing its annual coal capacity by 800 million tonnes, according to a government plan reported on Saturday by state media....
US Disney wins ‘Cars’ copyright lawsuit in China
31 Dec 2016 11:00 PM GMTDisney has won a copyright dispute over a Chinese knock-off of its animated movie Cars, a China court said on Friday, a rare victory for a foreign...
With investment flows thinning, China vows to open up economy
31 Dec 2016 10:59 PM GMTBeijing has pledged to open up more economic sectors to foreign investment, an official statement said, as foreign chambers of commerce complain of a...
BP buys Australian petrol pump network in $1.3-billion deal
29 Dec 2016 11:00 PM GMTBritish energy giant BP announced on Wednesday that it has agreed to buy a network of Australian petrol stations from supermarket chain Woolworths for...
In pro-EU Scotland, whisky makers cheer Brexit boon
22 Dec 2016 12:07 AM GMTWhile most of Scotland voted against leaving the European Union, whisky makers have quietly been raising a wee dram to a side-effect of the Brexit...
55 B’desh garment units shut, 100 workers fired for protest
22 Dec 2016 12:05 AM GMTOver 50 garment units have been shut and more than 100 workers fired in Bangladesh following a widespread protest by factory employees demanding pay...
IMF Board retains ‘full confidence’ in graft-tainted Lagarde’s leadership
21 Dec 2016 10:48 PM GMTThe International Monetary Fund has said it retains "full confidence" in Christine Lagarde's ability to continue to lead the organisation, despite her...
UK bank Lloyds buy’s BoA’s UK credit card arm for £1.9 billion
21 Dec 2016 10:47 PM GMTBritish bank Lloyds on Tuesday bought Bank of America's UK credit card division MBNA for 1.9 billion pounds in the first acquisition since its...
Etihad Airways cuts jobs to reduce costs
20 Dec 2016 10:58 PM GMTEtihad Airways has begun cutting jobs in a restructuring process to reduce cost as it faces tough competition and a weakened global economy, the...