Beijing / AFP Chinese police have shot dead three people who allegedly attacked a Communist Party office in the restive Xinjiang region on Wednesday, state media said, in the bloodiest such incident in months. The three “rioters” drove up to a local party office in Moyu County and “detonated (an) explosive device”, killing two and injuring three others, the official …

  Spend much time with economists around this time of year, and you will, eventually, get around to hearing about the dreadful inefficiency of exchanging gifts. You desperately wrack your brains for something, and then buy a supply of scented bath oil for someone who has only got a shower; they return the favor by giving you three books you …

  Plenty of M&A deals have destroyed value for the acquirer’s investors but few have done so quite as quickly, or egregiously, as Westinghouse Electric’s purchase of CB&I Stone & Webster Inc., a U.S. nuclear construction business. On Tuesday, Westinghouse’s parent company Toshiba Corp. said a reassessment of the $229 million deal, announced barely a year ago, might oblige it …