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PARIS (AFP) – Credit Suisse has agreed to pay EUR238 million (USD234 million) to avoid prosecution on French money laundering and tax fraud charges, according to a settlement approved yesterday by a Paris court. The settlement will see Switzerland’s second-largest bank pay a fine of EUR123 million and pay an additional EUR115 million in damages […]

Resentment begets more resentment, so we shouldnt be surprised at what we have all just heard from the L.A. City Council.

LONDON (AFP) – The United Kingdom (UK) government borrowing surged and retail sales slumped in September, official data showed yesterday, dealing a further economic blow to a country in political crisis. Public sector net borrowing stood at GBP20 billion, the second-largest September level on record, as decades-high inflation sees interest on debt repayments balloon. Retail […]

The world?s second-largest wholesale food market went up in flames on Saturday The world’s second-largest fresh produce market caugh

ANN/THE STRAITS TIMES – Ether led digital assets lower after a groundbreaking software upgrade of the token’s underlying network turned into what some market observers labelled a “sell the news” event. The second-largest token dropped as much as 3.8 per cent on Friday and was trading around USD1,475 as at 12.40pm in Singapore, following a […]

CNA – China’s economy showed surprising resilience in August, with faster-than-expected growth in factory output and retail sales shoring up the recovery from the crippling effects of COVID-19 curbs, heatwaves and a deepening property slump. The better-than-expected figures show the world’s second-largest economy is gaining some steam, after narrowly escaping a contraction in the June […]

CHONGQING, CHINA (AFP) – A crippling drought exacerbated by a record heatwave has spread across half of China and reached the normally frigid Tibetan Plateau, according to official data released ahead of more searing temperatures yesterday. The world’s second-largest economy has experienced over 70 days of heatwaves, flash floods and droughts – phenomena that scientists […]

CHANGSHA, Aug. 22 (Xinhua) -- Dongting, China second-largest freshwater lake in central China Hunan Province, has reported record low water levels due to sustai

BANGKOK (AFP) – Thailand’s economy grew 2.5 per cent in the second quarter as returning foreign tourists failed to offset high inflation and concerns over regional tensions, the country’s main economic agency said yesterday. Southeast Asia’s second-largest economy was hit hard during the pandemic, though visitor numbers are slowly improving with the relaxation of travel […]

ANN/THE KOREA HERALD – SK Group, South Korea’s second-largest conglomerate, has invested USD250 million in Bill Gates’ small nuclear power reactor developer TerraPower in an effort to cut down global carbon emissions and build up the group’s green energy portfolio, officials said yesterday. According to the group’s announcement, SK Inc and SK Innovation became co-lead […]