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Pokemon not welcome at Cambodia’s genocide museum

  Bloomberg The game “Pokemon Go” has caused distress in Cambodia, where some smartphone-wielding players have been chasing its virtual characters at a genocide museum that was a torture center in the 1970s. Tuol Sleng Genocide Museum director Chhay Visoth said Wednesday that he has posted signs at the site’s entrance and inside banning the popular game, which made its ...

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Smiley faces at small company making popular emoji apps

  AP Mobile apps that allow users to create their own emojis or share the stylized images of NBA star Stephen Curry and other celebrities are paying off for a small upstate New York company. Moji Maker— with its mix-and-match menu of happy, angry or goofy faces — was the No. 2 paid app on the iTunes chart as of ...

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Hostel ‘behind bars’

  AFP Fancy spending the night in a former military prison that is now a youth hostel with an artistic twist? In Slovenia you can, and with a clear conscience about your ecological footprint. The technicolour building in Ljubljana was originally a jail built by the occupying Austro-Hungarian army in 1882 and remained in use until Yugoslavia fell apart in ...

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JET Airways records $19mn profit in Q1

  Emirates Business Jet Airways Group announced its fifth successive profitable quarter for the period ending June 30 based on continuing improvement in aircraft utilization, increased efficiency and reduction in cost, including non-fuel expenses. Consistent financial performance has enabled Jet Airways to further reduce its debt by US$ 53m during Q1 of FY17. Cost per available seat kilometre (CASK) excluding ...

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China state grid said to near control of $7bn utility CPFL

  Bloomberg State Grid Corp. of China reached a deal to gain control of Brazil’s CPFL Energia SA, after two major shareholders agreed to sell the Chinese company their stakes in the $7.3 billion utility, people with knowledge of the matter said. Bonaire Participacoes and Banco do Brasil SA’s pension fund, known as Previ, have given informal approval to sell ...

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Everbright Securities raises $1.1 billion in Hong Kong offering

  Bloomberg Everbright Securities Co. raised $1.1 billion after pricing its Hong Kong first-time share sale above the midpoint of a marketed range. The Chinese brokerage sold 680 million shares at HK$12.68 each, after earlier offering them at HK$11.80 to HK$13.26 apiece, according to terms for the deal obtained by Bloomberg on Friday. The final price represents a 38 percent ...

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High-risk ‘shadow’ credit in China put at $2.9 trillion by IMF

  Bloomberg International Monetary Fund staff said that 19 trillion yuan ($2.9 trillion) of Chinese “shadow” credit products are high-risk compared with corporate loans and highlighted the danger that defaults could lead to liquidity shocks. The investment products are structured by the likes of trust and securities companies and based on equities or on debt — typically loans — that ...

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South Korean growth will rise to 3 percent in 2017, IMF says

  Bloomberg South Korea’s economy will expand 2.7 percent this year and 3 percent next year, the International Monetary Fund said in a statement, which also welcomed recent fiscal and monetary stimulus in Asia’s fourth-largest economy. The nation has “considerable fiscal space” to manage challenges to growth such as an aging society and high household debt, the fund’s directors said ...

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Tata Steel moving forward with sale of UK specialty unit

  Bloomberg Tata Steel Ltd. plans to move to the next stage in the sale of its specialty steels unit in the U.K. after it received interest from several buyers as the Indian producer tries to sell unprofitable assets. The sale process of its South Yorkshire-based unit is progressing well, while the company remains open to selling its Port Talbot ...

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UAE youth play key role in our journey towards sustainability

  DUBAI / Emirates Business His Excellency Dr. Thani Al Zeyoudi, Minister of Climate Change and Environment called on the UAE youth to engage and be part of the country’s global efforts in protecting the environment, achieving sustainable development and combating climate change. The statement came in His Excellency’s opening remarks at the Youth Circle held at the Mleiha Archeological ...

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