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Thousands mark 2nd anniv of S Korean ferry disaster

SEOUL / AP Thousands of South Koreans participated in memorial events on Saturday for the more than 300 people who died in a ferry disaster two years ago that deeply rattled the country. Hundreds of people, carrying umbrellas in light evening rain, created long lines at a square in the capital, Seoul, waiting to place flowers on a makeshift altar ...

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4 Indonesian sailors kidnapped off Malaysia

  Kuala Lumpur / AFP Gunmen have abducted four Indonesian sailors and shot and wounded one crew member on the high seas off the east coast of Malaysia’s Sabah state, waters where Abu Sayyaf militants are known to operate, a senior police official said on Saturday. If the Philippines-based Abu Sayyaf is confirmed to be behind the kidnapping off Borneo, ...

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Ferrari’s luxury goals face policy reset as Prada hits skids

Bloomberg Ferrari NV’s ambition to compete with luxury-goods brands like Hermes or Prada has failed to make headway in the six months since its initial public offering, raising pressure on the new board to reset the sports-car maker’s strategy. Scepticism over the company’s prospects has caused the stock to tumble about 20 percent since its October listing. The new board ...

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