EU executive launches probe into Dutch tax regime for Nike

Tax arrangements between sneaker giant Nike and the Dutch government are being scrutinized by European Union competition regulators, the bloc’s executive Commission said yesterday. The

Cyprus no longer Mediterranean haven for Russian businesses

For Russian businesses, Cyprus just isn’t what it used to be. New Cypriot anti-money laundering rules are compounding the effects of U.S. sanctions against Russia and its high-profile

Gaming | Former Nevada Gov. Brian Sandoval joins MGM Resorts

Former Nevada Gov. Brian Sandoval is joining casino giant MGM Resorts International to help push the company’s global expansion efforts, particularly in Japan, and work on

China | Car sales just fell for first time in over 20 years

The growth engine for the world’s car industry has been thrown into reverse, with China recording the first annual slump in auto sales in at more than

Corporate bits | Bene presents cuisines from North Italy

Bene Italian Kitchen is presenting its Food & Wine Mercato, which enables diners to experience Italy’s cuisines across a variety of themes that pay homage to the

Nissan’s ex-chair Ghosn appears in court, asserts innocence

The former chairman of Japan’s Nissan Motor Co., Carlos Ghosn, denied any wrongdoing and proclaimed his loyalty to the company at a court hearing in Tokyo yesterday. It

UK | Heathrow lays plans to add 25,000 flights even before new runway

London’s Heathrow airport aims to boost capacity even before a new runway opens, with the rejigging of the way two existing landing strips are used to

Taiwan arrests six accused of leaking BASF tech to China

Taiwan arrested six current and former BASF SE engineers accused of accepting bribes and sharing the German company’s technology with Jiangyin Jianghua Microelectronics Materials Co.,

Philippines | Court orders Okada arrest for alleged embezzlement

Japanese businessman Kazuo Okada faces arrest in the Philippines after a trial court issued a warrant on charges that he allegedly embezzled USD3.16 million in funds

Corporate bits | Celebrity chef to bring Portuguese cuisine to Sands Cotai central

Celebrity Chef Henrique Sá Pessoa will bring cuisine from his Michelin two- star Alma restaurant in Lisbon to his newly-opened Chiado Portuguese restaurant at Sands Cotai Central for a series of

Gaming | MGM Resorts seeks to boost profit USD300m through cost cuts

MGM Resorts International announced a new cost-cutting drive that’s intended to boost profit by USD300 million annually, most of it over the next two years.

Ask the Vet | Tick Fever

Tick fever, or canine Ehrlichiosis, is a canine disease spread by the bite of the brown dog tick. Ehrlichiosis is a serious disease that may cause brain

Gaming – US | NFL signs Caesars as casino partner, inches toward betting deals

The National Football League signed a multiyear deal to make Caesars Entertainment Corp. its first- ever casino partner, bringing the pro sport and its owners closer to a possible

Hong Kong | Stocks have the worst start to a year since 1995

Hong Kong shares had their worst start to a year since 1995, as further signs of a slowing Chinese economy spurred declines. The Hang Seng

Nissan executive on leave for tasks related to Ghosn arrest

Nissan Chief Performance Officer Jose Munoz, who oversaw the Japanese automaker’s global strategies, is taking a leave of absence to work on “special tasks arising from recent

China P2P lending crackdown may see 70pct of firms close

The number of Chinese peer-to-peer lenders may drop by 70 percent this year, a research firm that tracks the industry says, as the nation intensifies a

Apple drops iPhone bombshell on already reeling stock market

Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company’s most profitable product has lost some of its luster. The

Corporate bits | Sands China halts use of plastic straws

Sands China Ltd. has discontinued its use of plastic straws at all its properties, in an effort to reduce the consumption of single-use plastics.  The company’s

Singapore | Home prices post first drop in six quarters

Singapore home prices posted their first decline in six quarters as the government’s cooling measures imposed in July started to bite. Private residential prices slid

China tobacco colossus plans IPO for international business

China National Tobacco Corp., a state monopoly that’s by far the biggest cigarette maker in the world, plans to list its international unit on the Hong

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