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Chinese flee H.K. to shop in Japan and  South Korea

Mar 20, 2015

Chinese flee H.K. to shop in Japan and South Korea

Chinese tourists are rapidly deserting Hong Kong, leaving retailers who built businesses around once insatiable demand from mainland neighbors with bigger but emptier stores and squeezing the whole city’s visitor-dependent economy. With cross-border tensions exacerbated by pro-democracy Hong Kong protests, tour groups visiting Hong ...

Mar 20, 2015

Labels to say how many calories in that Johnnie Walker shot

Want to know how many calories are in your shot of Johnnie Walker or your pint of Guinness? You’re about to find out. Diageo, the global alcohol giant behind those brands, along with Smirnoff, Bailey’s, Bushmills and others, says it will put alcohol-content and ...

Lufthansa pilot strike grounds over half long-haul flights

Mar 20, 2015

Lufthansa pilot strike grounds over half long-haul flights

A pilots strike grounded more than half of Lufthansa’s lucrative long-haul flights on Thursday, the latest action to pressure management in a protracted row over early retirement benefits and cost cuts. Lufthansa is trying to cut costs to levels nearer those of its rivals ...

Sharp considers shedding 5,000 jobs worldwide

Mar 19, 2015

Sharp considers shedding 5,000 jobs worldwide

Struggling electronics maker Sharp Corp. is considering shedding 5,000 jobs, or about 10 percent of its global workforce, informed sources said Thursday. To slash fixed costs, Sharp will also look at reducing salaries in Japan, the sources said. The fresh downsizing plan will likely ...

OECD upgrades Japan's growth outlook for 2015, 2016

Mar 19, 2015

OECD upgrades Japan's growth outlook for 2015, 2016

The Organization for Economic Cooperation and Development on Wednesday upgraded its growth outlook for the economy for 2015 and 2016, aided by lower oil prices that are expected to boost global demand. In its interim economic assessment report, the Paris-based organization said Japan’s economy ...

Sony launches cloud-based TV service in challenge to cable

Mar 19, 2015

Sony launches cloud-based TV service in challenge to cable

Sony announced Wednesday it has launched an Internet subscription television service that includes live feeds from major broadcasting networks, mounting a challenge to the cable TV model. PlayStation Vue, a cloud-based TV service, will initially be available in New York, Chicago and Philadelphia to ...