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UN: Rohingya ‘victims’ of ‘crimes against humanity’

  Geneva / AFP Widespread and ongoing violations against Myanmar’s Muslim Rohingya minority, including denial of citizenship, forced labour and sexual violence, could amount to crimes against humanity, the United Nations warned on Monday. In a report on the human rights situation for minorities in Myanmar, the UN human rights office said it had found “a pattern of gross violations ...

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13 Taiwanese fraud deported to China

  Cambodia / AFP Cambodia said on Monday it would deport 13 Taiwanese nationals arrested on fraud charges to mainland China, as Taipei said its emissaries had been prevented from meeting with the suspects. The imminent deportations come at a time of increased tensions between Taiwan and mainland China, with Taipei accusing Beijing of “abducting” citizens from countries that do ...

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The day after the UK votes to Leave EU

  Here’s what the world could look like on June 24 if the “Leave” camp won the previous day’s referendum on whether the U.K. should continue to be part of the European Union: The foreign exchange markets are in turmoil, with the pound falling 7 percent to 10 percent and the euro down about 3 percent to 5 percent. Stocks ...

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More efforts needed to tackle refugee crisis

  World Refugee Day, which is observed on June 20 every year, yet again highlighted the plight of migrants worldwide amid gruesome UN reports the number of refugees and others fleeing their homes worldwide has hit a new record of 65.3 million people by the end of 2015. “This is the first time that the threshold of 60 million has ...

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Did Afghanistan just drop out of CASA-1000?

  Casey Michel SPECIAL TO EMIRATES BUSINESS For the past year, there’s been a distinct distance between the rhetoric surrounding the Central Asia South Asia Electricity Transmission and Trade (CASA-1000) project and the unfurling realities on the ground. Regional officials, most especially within Tajikistan and Pakistan, have heaped continued praise on the project, and have found themselves supported by voices ...

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Why China could dominate ‘internet of vehicles’

  A few weeks ago, Apple’s Tim Cook was all smiles as he stepped into a sedan operated by Didi Chuxing. Apple had just invested $1 billion in the ridesharing company, and Cook was no doubt feeling satisfied. But he was probably feeling another emotion too: relief at getting a piece of China’s “internet of vehicles” before it’s too late. ...

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India allows 100% foreign ownership in airline firms

  New Delhi / Bloomberg India will allow foreign entities such as funds and portfolio investors to fully own local airlines, raising from an earlier cap of 49 percent, in a bid to lure investment into Asia’s third-biggest economy. Shares of InterGlobe Aviation Ltd., Jet Airways India Ltd. and SpiceJet Ltd. rallied. Foreign investment limits in commercial airlines will be ...

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Boeing to strike $4 billion deal with Russian firm

  Washington / Bloomberg Boeing Co. is nearing a $4 billion deal with Russia’s largest air-freight company that would help extend the life of the iconic, hump-nosed 747 jumbo jet amid waning demand for four-engine aircraft, people close to the transaction said. The US planemaker is in advanced talks with AirBridgeCargo Airlines and its Moscow-based parent, Volga-Dnepr Group, to convert ...

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Solar Impulse 2 begins Atlantic crossing

  New York / AFP The sun-powered Solar Impulse 2 aircraft set off from New York’s JFK airport early on Monday, embarking on the transatlantic leg of its record-breaking flight around the world to promote renewable energy. The flight, piloted by Swiss adventurer Bertrand Piccard, is expected to take about 90 hours — during which Piccard will only take short naps ...

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LG ponders home appliance deals to speed up global expansion

  Tokyo/ Bloomberg LG Electronics Inc., with businesses spanning TVs to washing machines, is looking at home appliance acquisitions to fuel its global expansion and withstand a slowing smartphone market. The company will probably focus on business-to-business targets, such as component makers, Jo Seong-Jin, president of LG’s home appliance division, said in an interview. Earnings from the business will increase ...

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