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Corporate News 19 May 2016 | 6:07 AM

Australia to stiffen underpayment fines after 7-Eleven scandal

SYDNEY: Australia unveiled plans on Thursday for a ten-fold hike in fines for employers who underpay staff after 7-Eleven convenience store franchisees were accused of ripping off migrant workers, in what some experts believe is a widespread practice.

Economy 18 May 2016 | 6:56 AM

Currency wars, fiscal stimulus rift in focus at G7 meeting

TOKYO: Finance ministers and central bankers from the G-7 meet in Japan this week for talks likely to highlight a sharp divide over currency policy and how to breathe life into the wheezing global economy.

Analyst Reports 30 Apr 2016 | 12:00 AM

Liberty, Equality and Fraternity in the 21st century

A VERY wise Latin American statesman remarked at the Emerging Markets Forum in Paris this month, quoting the Nobel Laureate writer Octavio La Paz that after the French Revolution, the 19th century was all about the search for liberty, the 20th century about equality and the 21st century should be about fraternity.

Business 22 Apr 2016 | 12:00 AM

Schaeuble: Greek bailout success uncertain in long term

BERLIN: German Finance Minister Wolfgang Schaeuble cast doubt on whether Greece's bailout will succeed, while citing progress on the more immediate task of concluding a review of Greek compliance with the aid programme that's needed to unlock more funds.

Business 24 Mar 2016 | 12:00 AM

Merkel seeks defence boost in budget plan

BERLIN: Chancellor Angela Merkel is poised to back increases in German spending on defence and infrastructure in a budget plan that seeks to address global risks and the refugee crisis that's her biggest domestic challenge.

Economy 17 Feb 2016 | 4:36 AM

EU battered by storm of crises

BRUSSELS: The European Union is being battered by a perfect storm of crises that threaten to rip apart the peaceful and prosperous 28-nation bloc that rose from the ashes of World War II. It is grappling not only with the threat of a British exit, or “Brexit,“ but also with an unprecedented migrant influx, continued fallout from the debt crisis and an array of security threats, both domestic and foreign.

Business 03 Feb 2016 | 12:00 AM

German jobless at record low

BERLIN: Germany’s unemployment rate unexpectedly fell to a record low in January, in a sign that economic sentiment in Europe’s largest economy is withstanding the tumult in global markets.

Corporate News 26 Jan 2016 | 12:53 AM

PublicInvest Research retains Neutral on IHH Healthcare

KUALA LUMPUR: PublicInvest Research is retaining its Neutral call on IHH Healthcare due to the hospital operator’s hefty valuations, with target price unchanged at RM6.39.

Economy 22 Jan 2016 | 5:18 AM

EU is ‘falling apart’, Soros warns

DAVOS, Switzerland: The European Union is “falling apart”, American financier George Soros warned as part of wide-ranging remarks at the World Economic Forum in Davos, Switzerland, on Thursday.

Business 04 Jan 2016 | 12:00 AM

The EU proves it’s here to stay

IN recent years, there hasn’t been much to like about the European Union, with its low growth, high unemployment, political squabbles, xenophobia, stifling bureaucracy and constant threats of a breakup.