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Chinese Director Faces $27m Fine For Breaching One-Child Policy
Acclaimed director Zhang Yimou is under investigation and could face a multi-million dollar fine after it was claimed that he had violated China’s strict one-child policy to father seven...
Cybercriminals Stole $45m in Global Bank Heist
U.S. federal prosecutors on Thursday charged eight cyber-criminals accused of stealing $45 million by hacking into a database of prepaid debit card, scrapping withdrawal limits and helping themselves from...
China Pushes For Fresh Israel-Palestine Peace Talks
Following separate meetings with Israeli Prime Minister Benjamin Netanyahu and Palestinian leader Mahmoud Abbas this week, Chinese President Xi Jinping on Thursday called for both parties to make “joint...
Nokia Launches $99 Smartphone In India
In a bid to halt falling sales in emerging markets, Finnish mobile giant Nokia on Thursday unveiled a $99-touchscreen smartphone for the Indian market, which the company claims will...
Rich Chinese Seek Emigration to Preserve Wealth: Study
Most of China’s high net worth individuals have used their wealth to obtain residency rights abroad and are increasingly looking to move their assets overseas to diversify risk, according...
U.S. Firms Earned Record $1.9 Trillion Overseas in 2012
U.S. multinationals boosted their offshore earnings by 15 percent last year to $1.9 trillion, avoiding hefty tax bills by keeping their earnings overseas, according to a report by research...
Japanese Lingerie Maker Unveils ‘Abenomics Bra’
Inspired by recent efforts by Japanese Prime Minister Shinzo Abe to lift the economy, the Japanese division of lingerie maker Triumph International on Wednesday unveiled a special edition bra,...
China Shuts Off Ties With North Korean Bank
China’s second largest lender, the state-owned Bank of China, announced on Tuesday that it will be suspending its dealings with the Foreign Trade Bank of North Korea, North Korea’s...
War of Words Ensues As Pentagon Accuses China of Cyber Espionage
China has engaged in widespread cyber espionage in a bid to extract information about America’s foreign policy deliberations and military capabilities, said the Pentagon in the most explicit U.S....
German Euro Founder Calls for Breakup of “Catastrophic” Single Currency
Oskar Lafontaine, the German finance minister who helped to launch the euro, has called for the breakup of the single currency to let peripheral Europe recover from its economic...


