SHANGHAI / Reuters A controversial India-backed giant coal project near Australia’s Great Barrier Reef was on Sunday awarded mining leases, but developer Adani said it would not commit to a final investment decision until legal challenges against it were resolved. The Queensland state government said the Aus$21.7 billion (US$16.7 billion) project to build one of the world’s biggest mines was ...

Bejing / AFP Chinese telecommunications giant ZTE will replace three top executives, the WSJ reported, in an apparent bid to see US restrictions on its business lifted after it was accused of violating sanctions against Iran. Washington slapped restrictions on ZTE and three linked companies last month for illicitly re-exporting controlled items from the United States to sanctioned countries, including ...

Manila / AFP A rare power outage plunged a major section of the Philippine capital’s main airport into darkness overnight, forcing flight cancellations that stranded thousands on Sunday. As many as 78 flights by the country’s largest carrier Cebu Pacific were cancelled, affecting nearly 14,000 passengers, the company said in a statement. Flag carrier Philippine Airlines also said some of ...