China’s government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry. The luxury unit of Germany’s Daimler AG abused its control over supplies of spare parts to engage in “vertical price-fixing,” according to the [...]
Army Gen. Martin Dempsey has served 40 years in the Army, fought in Iraq, traveled the world many times over. None of that fully prepared him for his first visit to Vietnam — the first by a chairman of the Joint Chiefs of Staff since Adm. Thomas Moorer visited in 1971. At that time, there [...]
Pope Francis on Monday called for peace and reconciliation on the divided Korean peninsula and sent a further message of goodwill to China, wrapping-up a five day trip to South Korea and the first papal visit to Asia in 15 years. Before a Mass on Monday at Seoul’s Myeongdong Cathedral, Francis prayed with a small [...]
China’s corruption crackdown has already taken a bite out of the hospitality sector in China with its ban on lavish banquets and is now starting to make waves in another corner of the economy, as officials afraid of government scrutiny are dumping apartments. In one case late last year, an Inner Mongolia political leader named [...]
Prime Minister Shinzo Abe of Japan, hoping to appease conservative supporters without closing the door on a hoped-for summit meeting with China’s leader, refrained from visiting a controversial war shrine in Tokyo on Friday, the 69th anniversary of the end of World War II, sending a cash offering instead. Some 80 Japanese politicians, including three [...]
China on Friday issued draft rules for a property-registration system, a step that would help the government track homeownership. While the registry could be used in government investigations, the public would have limited access to it. The property-registration system had been widely anticipated as a tool that would help discourage speculative home purchases. It is [...]
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