Recent Posts

Wal-Mart gets lawsuits over Mexican-bribery claims tossed

  Washington / Bloomberg Wal-Mart Stores Inc. directors got a Delaware judge to throw out investors’ claims they bungled the handling of a probe into alleged bribes paid to facilitate Mexican real-estate deals, wiping out the majority of lawsuits over the scandal. Disgruntled Wal-Mart shareholders accusing the retailer’s board of covering up the bribery scheme can’t re-litigate their claims over ...

Read More »

Tesco returns to profit but remains cautious

  London / AFP Tesco said that it rebounded into slender annual net profits on strong sales, after a vast property writedown and challenging home trade sparked a record loss the previous year. The troubled British supermarket giant revealed that earnings after taxation stood at £138 million ($197 million, 172 million euros) in its 2015/2016 financial year, which ran until the ...

Read More »

Tofu gives Indonesia a green boost

  Kalisari / AFP In a dark and steamy room in Indonesia’s tofu heartland three men sweat over bubbling cauldrons, churning creamy beancurd with wooden paddles before draining it by hand and slicing it into silky cubes. Tofu has been cooked this way for generations but today, innovative villagers on Java island are producing something extra from the simple soybean ...

Read More »
Send this to a friend