Subaru's hometown transformed by foreign workers

Jul 29, 2015

Subaru's hometown transformed by foreign workers

Afghan children studying at a madrassa, Catholic mass in seven languages, workers from over sixty countries. It’s not New York, but Ota, a town north of Tokyo with an economy powered by Japanese automaker Subaru. It’s here that Subaru’s parent company, Fuji Heavy Industries ...

Jul 7, 2015

HSBC fires staff for mock Islamic State execution video

British bank HSBC fired six staff after they performed a mock Islamic State-style execution video during a team-building day out and posted footage online, a spokesman confirmed on Tuesday. The bank described the video, showing staff members in balaclavas holding a fake knife over ...

Jun 21, 2015

Italian prosecutors seek to indict Bank of China, 297 people

Italian prosecutors are seeking to indict 297 people and the Bank of China in connection with a massive money-laundering investigation reported by The Associated Press earlier this month. The suspects, mostly Chinese migrants living in Italy, include four senior managers of the Chinese state ...

Nov 22, 2014

EU Parliament mulls breaking up Google to curb its dominance in search

The European Parliament is preparing a nonbinding resolution that proposes splitting Google Inc.’s search engine operations in Europe from the rest of its business as one option to rein in the Internet company’s dominance in the search market. European politicians have grown increasingly concerned ...

Sep 27, 2014

Shipping firm in conspiracy case

A Japanese shipping company agreed Friday to pay the U.S. a $67.7 million criminal fine for conspiring to fix prices for international ocean shipments of cars, trucks and other wheeled vehicles at the Port of Baltimore and other locations, the Justice Department said. Kawasaki ...

U.S. closes loopholes to curb corporate tax inversions

Sep 23, 2014

U.S. closes loopholes to curb corporate tax inversions

The U.S. Treasury took action Monday to halt a rising torrent of U.S. companies moving offshore to cut their tax bills, saying the surge in so-called inversions threatened government income. The move to close loopholes that encourage U.S. companies to merge with a foreign ...