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China’s secret weapon in the South China Sea: Cyber attacks

  Despite China’s great power aspirations, its cyber warriors threw a fit after losing a legal battle to the Philippines in The Hague. Within hours of the Permanent Court of Arbitration’s unanimous rebuke of China’s territorial claims in the South China Sea last week, at least 68 national and local government websites in the Philippines were knocked offline in a ...

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Skanska sees Brexit toll on non-housing construction

  Bloomberg Skanska AB, the Swedish construction company that built the City of London’s landmark Gherkin building, lowered its outlook for U.K. non-residential construction after the country voted to leave the European Union. “Ahead of the Brexit vote, private developers were in a wait-and-see mode and refrained from starting projects — that cautiousness has continued after the referendum,” Chief Executive ...

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Brexit blues: London home presales dip by 34 percent

  Bloomberg Sales of London homes under construction slumped 34 percent in the second quarter as the prospect of a vote to leave the European Union damped demand already hurt by higher taxes. The number of residences sold before completion fell to about 4,600 from 6,974 a year earlier, according to data compiled by researcher Molior London . A spokesman ...

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