Oct 10, 2015

Japan, China join hands on busting cartels, clarifying antitrust policies

Japanese and Chinese antitrust authorities are slated to sign a memorandum of understanding on cooperation, informed sources said. Under the memorandum, to be inked Tuesday, the Fair Trade Commission and China’s National Development will exchange information on cartels involving both Japanese and Chinese companies ...

Oct 6, 2015

Big U.S. firms hiding trillions abroad to avoid taxes: study

The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in taxes if they repatriated the funds, according to a study released Tuesday. The study, by two left-leaning ...

Trump sought to import foreign workers

Aug 1, 2015

Trump sought to import foreign workers

Donald Trump is staking his run for U.S. president in part on a vow to protect American jobs. But this month, one of his companies, the elite Mar-a-Lago Club resort in Florida, applied to import 70 foreign workers to serve as cooks, wait staff ...

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 ...