Zara owner cuts store expansion goal in favor of online growth

Inditex SA, the world’s largest clothing retailer, reined back its store expansion plans as the Zara owner delves deeper into e-commerce as a cheaper way to boost sales growth. The Spanish retailer, which

Aviation | Cathay Pacific profit nearly doubles as fuel cost falls

Cathay Pacific Airways said yesterday that its annual profit nearly doubled in 2015 as passenger demand grew and tumbling oil prices cut its fuel bill. Hong Kong’s biggest airline said that net

Corporate Bits | Venetian to host Jeff Chang’s concert

“Chang’s unique voice has made him a fan favorite ever since his debut album ‘Lie’ was released way back in 1989. Since then the Taiwanese singer has released almost 30

Philippines to lease Japanese planes to patrol disputed sea

The Philippine president says his country will lease five aircraft from Japan to help the local navy patrol Manila’s territory in the disputed South China Sea. President Benigno Aquino III said

South China Sea | Australian leader dismisses concerns about Chinese company

Australia’s prime minister yesterday dismissed public concerns revealed by a U.S. opinion poll about a Chinese company leasing a strategically important port. The Australian newspaper reported that the U.S. State Department

Bangladesh loses USD100 million, allegedly to Chinese hackers

The Bangladesh central bank says it is working to recover some USD100 million allegedly stolen by Chinese hackers from an account at the Federal Reserve Bank of New York. Authorities have

Prayers, cheers as total eclipse darkens swath of Asia

People gazed at the sky in wonder and cheered while others knelt in prayer as a total eclipse of the sun unfolded over Indonesia yesterday, briefly plunging cities into darkness

Koreas | Kim Jong Un poses beside possible nuclear warhead mock-up

  North Korea caused a new stir yesterday by publicizing a purported mock-­up of a key part of a nuclear warhead, with leader Kim Jong Un saying his country has developed miniaturized atomic bombs

Japan | Court orders nuclear reactor to shut down, keeps second offline

  A court issued an unprecedented order yesterday for a nuclear reactor near Kyoto to stop operating and ordered a second one to stay offline. The Otsu District Court, which issued the

USA Elections | Town hall meetings now a campaign staple for TV networks

  The 19 sanctioned presidential debates — so far — haven’t been enough. Town hall meetings with candidates are popping up like mushrooms on the schedules of television networks, anxious for

France | Hollande faces day of protests over labor reform, train strike

  Angry unions and youths joined forces yesterday in a day of protests against French President Francois Hollande’s effort to tamper with the country’s 35-hour workweek. Several union and student organizations called

Portugal | New president Marcelo wants prudence, growth after crisis

The veteran center-right politician and law professor who became a popular television personality takes over a largely figurehead post with no executive power, but one that can carry a political

Brazil | Magnate Odebrecht sentenced to more than 19 years

  A federal judge sentenced the former president of the country’s largest construction company to more than 19 years in prison for involvement in the massive corruption scheme at Brazil’s state-run

This Day in History | 1990 Observer ‘spy’ sentenced to die

He has been convicted of spying for Israel while working on a story about an explosion at a weapons complex 30 miles (48km) south of the capital. The British nurse, Daphne

Offbeat | DNA test shows Vietnam twins had different fathers

A scientist and state media say Vietnam has identified an extremely rare set of bi-paternal twins, or twins with different fathers. Prof. Le Dinh Luong, president of the Genetic Association of

Football | Madrid beats Roma 2-0 to reach Champions League quarters

Cristiano Ronaldo and James Rodriguez scored second-half goals to help Real Madrid defeat Roma 2-0 and advance to the Champions League quarterfinals for the sixth consecutive season yesterday . Ronaldo scored

Football | China Super League: As season starts, famous imports a mixed blessing

After the USD300 million splurge on high-profile foreign stars in the preseason transfer window, there was one striking statistic from the opening round of the Chinese Super League. Of the 16

FIFA Scandal | French football HQ raided in Swiss case against Blatter

  Evidence has been seized in a search at the French soccer federation headquarters for a criminal case against former FIFA president Sepp Blatter, Swiss federal prosecutors said yesterday. The office of

HK Observer | China needs to woo youth

Alienated people can become reckless, but addressing their grievances may win them over. Cue pro-Hong Kong localists and their results in the recent LegCo bi-election and student union elections: They

Thursday, March 10, 2016 – edition no. 2514

* Indonesia observed a total eclipse of the Sun * Major hockey event in Macau * March gaming revenue likely to disappoint * Agreement scheduled for may   DOWNLOAD

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