As many as 400 migrant staff working for an electrical company in Qatar have gone unpaid for up to four months, a leading figure in the Indian community said Tuesday.
Full StoryOil prices eased in Asia Tuesday with analysts expecting volatility in the run up to a producers' meeting next week, while traders are also awaiting the release of US stockpiles data.
The commodity plunged last week on supply glut worries but bounced slightly Monday after OPEC member Venezuela said a deal to limit output was close. Unrest in key producers Libya and Nigeria also raised the prospect their exports would be hit.
Full StoryBillionaire George Soros is pledging to invest up to $500 million in startups, established companies, "social impact initiatives," and businesses started by refugees and migrants.
Soros, who chairs the Open Society Institute, made the announcement Tuesday, following the first-ever U.N. summit on migrants and refugees and ahead of a meeting chaired by President Barack Obama to spur pledges to help the world's 65.3 million displaced people.
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Google faces a bill of over $400 million in Indonesia if authorities find it avoided taxes last year, an official said Monday, as Jakarta began a probe into the U.S. tech giant.
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Staff at a hospital in eastern Saudi Arabia have gone on strike over unpaid wages, workers said Monday, in the kingdom's latest case of corporate financial difficulties.
Full StoryComplementing Minister of Telecommunications Butros Harb request on 14 September 2016 to introduce further tariff reductions for data services and in line with the Ministry of Telecom’s Vision 2020, Bader al-Kharafi, Chairman of Lebanon mobile operator touch, and Vice Chairman of Zain Group, announced today a comprehensive range of data plans that cater to the needs of all consumers in Lebanon.
The new tariff plans, which include marked pricing reductions up to 40%, require approval from the Ministry of Telecommunications, expected to happen shortly. Upon final ministerial approval, the new plans will be effective during the month of October, 2016.
Full StoryA key gauge of China's debt has reached its highest level on record, setting off alarm bells of imminent risk to the banking system, a Swiss banking watchdog reported.
China's credit-to-GDP gap reached 30.1 percent in the first quarter of 2016, its highest level ever and far above the 10 percent level associated with banking risks, the Bank for International Settlements (BIS) said in a quarterly report released late Sunday.
Full StoryOil prices edged up in Asia on Tuesday as OPEC member Venezuela indicated a deal to limit output is close and after fresh fighting in Libya.
But gains were limited by continuing worries about a supply glut.
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Samsung Electronics said Sunday it had sold shares it held in four technology companies including U.S. chipmaker Rambus and Japan's Sharp to free up money and focus on its main business.
Full StoryDemonstrators took to the streets across Germany on Saturday in protest over a massive transatlantic trade agreement, dealing a new blow to the disputed accord.
In Berlin, as in Munich, there was a sea of flags as people flocked to join the rallies despite the rain, carrying placards and banners representing everything from anti-globalization groups to political parties and unions, Agence France Presse correspondents said.
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