Two Australian men have been charged with bribing Sri Lankan officials to secure infrastructure contracts worth millions of dollars. Australian police arrested the pair last month after a decade-long investigation…
Category: Business News
Pakistan: Islamabad’s Centaurus Mall burned
Emergency services put out a large fire that broke out at the Centaurus Mall in the centre of the Pakistani capital, Islamabad. Police say everyone in the shopping centre was…
Germany: Adidas puts Kayne West Yeezy deal under review
Adidas says it is reviewing its Yeezy partnership with Kanye West days after he showcased a “White Lives Matter” t-shirt design at Paris Fashion Week. The company did not mention…
Philippines: Hundreds of lottery wins raise eyebrows
A lottery in the Philippines that saw 433 people strike the jackpot has drawn surprise and triggered scrutiny. It was the highest number of people to have ever won the…
Turkey: Inflation surges to 83%
Inflation in Turkey has hit a 24-year-high, climbing above 83% The transport, food and housing sectors have seen the biggest rise in prices. Independent experts the Inflation Research Group estimate…
Canada: British renewable energy company cuts down primary forests
A company that has received billions of pounds in green energy subsidies from UK taxpayers is cutting down environmentally-important forests Drax runs Britain’s biggest power station, which burns millions of…
Japan: A drive for ‘deep tech’ innovation
Since Kyoto University started its innovation department and investment fund seven years ago, the number of start-ups created by its students have more than doubled to 242. Japan is pushing…
Germany: Going after the giants-taking on Coke and Pepsi
Students Mirco Wiegert and Lorenz Hampl had decided to set up their own cola company, but there was a catch – they had no idea how to make the fizzy…
Australia: The most-polluting coal plant to shut down
Australia’s dirtiest power plant – responsible for more than 3% of the country’s emissions – will shut a decade earlier than planned. The coal-fired Loy Yang A power station in…
EU: Sabotage to blame for Nord Stream gas leaks
The EU has said leaks in two major gas pipelines from Russia to Europe were caused by sabotage – but stopped short of directly accusing Russia. Deliberate disruption would result…