Hong Kong rethinks rules after Alibaba IPO loss

Alibaba’s choice of New York over Hong Kong for its blockbuster IPO was a blow for the Chinese financial center. Now, the city’s stock market is starting to rethink rules

Google unveils USD105 Android One smartphone amid push in India

Google Inc. will offer customers in India the Android One, a low-cost phone capable of Internet access, to win users in the fastest growing smartphone market. The smartphone featuring a MediaTek

Corporate Bits | Sands China recognizes team member for achievement in best employees with disabilities award program

Sands China Ltd. President and CEO Edward Tracy joined Senior Vice President of Human Resources Antonio Ramirez in congratulating Mak yesterday, and encouraging him to keep up the good work. “We

Mozambique exports USD70m in bananas

president of the Confederation of Economic Associations (CTA) with responsibility for agricultural business. Gomes told Mozambican weekly newspaper Domingo that, alongside efforts to produce quality bananas, prices in South Africa had

Angolan flagship airline plans to fly to Kenya

The agreement signed last week is a review of the aviation agreement signed by both governments in 2011, under which Kenya Airways started flying to Angola. The Kenyan airline currently offers

Portugal announces creation of development bank

Portugal’s new development bank, Instituição Financeira do Desenvolvimento (Financial Development Institution – IFD), is due to start operating this year with starting capital of 100 million euros, the Portuguese government said

Chongqing creates first no-cellphone lane

Taking a cue from an American TV program, the Chinese city of Chongqing has created a smartphone sidewalk lane, seemingly offering a path for those too engrossed in messaging and

Police detain famed film director Wang Quan’an for prostitution 

Chinese film director Wang Quan’an, a Berlin International Film Festival winner known for the movies “Tuya’s Marriage” and “White Deer Plain,” has been detained on the charge of hiring prostitutes,

Shanghai free trade zone’s top official leaves post

The most senior official of Shanghai’s free trade zone left his position weeks before the project’s first anniversary this month, the official Xinhua News Agency reported. Dai Haibo “no longer holds”

Hearing planned amid Guangdong incinerator protests 

Officials in a southern Chinese town where a proposed garbage incinerator drew thousands of protesters over the weekend say no firm plans have been made for the plant’s location and

BRIEFS | Almost half of rich Chinese consider moving abroad

A well-known 81-year-old Chinese writer was taken from his Beijing home and detained by police after he wrote several articles critical of a senior politician, his wife said yesterday. Police

Thailand | 2 British tourists found dead on Koh Tao

Two British tourists were found battered to death yesterday on a beach on a scenic island in southern Thailand that is one of the country’s most popular diving destinations. Police described

INDONESIA | 4 suspected militants are China Uighurs

Four suspected Islamic militants arrested in Indonesia over the weekend are members of China’s ethnic Uighur minority community and were trying to meet Indonesia’s most wanted extremist, authorities said yesterday. Police said they

PHILIPPINES | Typhoon Kalmaegi blows out of Philippines

A fast-moving typhoon blew out of the northern Philippines yesterday after causing flash floods and landslides. Three people died when big waves and strong winds sank a stalled ferry over

ISLAMIC STATE TERRORISM | Beheading spurs coalition conference

Newly outraged by the beheading of yet another Western hostage, diplomats from around the world are in Paris pressing for a coherent global strategy to combat extremists from the Islamic

This Day in History: 1992 – UK crashes out of ERM

The UK’s prime minister and chancellor tried all day to prop up a failing pound and withdrawal from the monetary system the country joined two years ago was the last

VENEZUELA | Nation’s newest shortage: Breast implants

Beauty-obsessed Venezuelans face a scarcity of brand-name breast implants, and women are so desperate that they and their doctors are turning to devices that are the wrong size or made

Offbeat | Police photograph alleged sleeping Florida burglar

According to the Sarasota County Sheriff’s Office Facebook page, a cleaning lady discovered 29-year-old Dion Davis on a bed inside the victim’s home Monday. Police say they took several photographs of

Basketball | Dream Team, Barcelona Games continue to impact NBA

Officially, it was the U.S. Olympic team, together for just a few weeks. To the basketball world, it was the Dream Team, and its gold-medal run changed hoops forever. An American sport

TENNIS | Swiss into Davis Cup final vs France

Roger Federer and Stan Wawrinka each have Grand Slam singles titles, and Olympic gold together in doubles. Now they’ve got the chance to win Switzerland’s first Davis Cup. Federer carried Switzerland

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