Seoul/ AFP A high-profile South Korean politician and presidential hopeful resigned as the head of his new opposition party that has been rocked by a bribery scandal. Ahn Cheol-Soo, a former IT software tycoon, stepped down as co-leader of the People’s Party, amid allegations that its members received tens of thousand of dollars in kickbacks from two local companies …

  Phnom Penh / AFP Prime Minister Hun Sen, accused of intensifying a crackdown on dissent before Cambodia’s 2018 election, threatened on Wednesday to jail an opposition leader who has refused to come forward over an alleged sex scandal. Political tensions have risen in recent months, with rights groups accusing Hun Sen’s government of arresting scores of critics and tying …

  Bloomberg Deutsche Bank AG, Barclays Plc and 11 other foreign banks have spent several billion dollars in the past three years complying with a new Federal Reserve rule that will trap capital in the US and boost costs. Legal, technology and other compliance expenses totaled from US$100 million to as much as US$500 million at some of the biggest …