June, 2016

• 5 June

  Anger seethes over fish deaths in Vietnam

  

    Hanoi / AFP Dozens of activists were detained in Vietnam’s two biggest cities on Sunday as they tried to hold protests calling for greater government transparency over a recent spate of mass fish deaths. Tonnes of dead fish and other marine life began washing up on central Vietnamese shores two months ago and continued to appear for two to …

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• 5 June

  Modi in Qatar talks natural gas supply, workers’ rights

  

    DUBAI / AP Indian Prime Minister Narendra Modi paid his first official visit to gas-rich Qatar, where he met the Gulf country’s leaders on Sunday to discuss economic ties. Qatar is one of the world’s largest suppliers of liquefied natural gas. Qatari media says it supplies India with more than 85 percent of its gas needs. The Indian Embassy …

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• 5 June

  Sri Lanka ammunition dump explodes, thousands flee

    Colombo / AFP A key military ammunition dump in Sri Lanka exploded Sunday showering shrapnel over a large area on the edge of the capital forcing thousands to flee to safety, officials said. There were no immediate reports of casualties at the Salawa military camp where security forces are known to store some of their heavy weaponry and ammunition, …

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• 5 June

  Tata Motors sues Jiangling over copyright SUV design

  

    Mumbai / Reuters Tata Motors Inc.’s Jaguar Land Rover said it sued Jiangling Motors Co. over copyright and unfair competition. Reuters reported that the dispute is over the Chinese company’s Landwind X7 sport utility vehicle that looks like the Land Rover Evoque, citing a person with familiar with the matter. Stuart Schorr, a Jaguar Land Rover spokesman, confirmed a …

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• 5 June

  Unwed women targeted in ‘black-market baby scam’

  

    Gwalior / AFP In an intensive care unit, a nurse soothes a crying baby rescued in a raid on a private Indian hospital that police suspect was selling abandoned newborns on the black market. “She is too weak and needs special care,” the nurse said, patting the girl born underweight and premature and receiving treatment at another hospital, run by …

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• 5 June

  Swiss reject basic income, pay limit initiatives in plebiscite

  

    Bloomberg The Swiss probably rejected two popular initiatives that constituted the latest threat to the country’s business-friendly environment. Voters dismissed a measure that would have reduced the pay of Swisscom AG’s chief executive officer by three quarters and also shot down a proposal to establish a universal basic income, according to projections broadcast on Swiss television SRF on Sunday. …

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• 5 June

  Denmark scares off investors after energy agenda is jettisoned

  

    Bloomberg It was the first country ever to venture into offshore wind power. Now, Denmark is scaring off potential investors by abandoning some of the policies that once helped make it an international poster child for green energy. The center-right government of Lars Loekke Rasmussen wants to scrap an electricity tax that has helped subsidize wind turbines since 1998. …

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• 5 June

  Denmark should never consider following UK out of EU: PM

    Bloomberg Denmark will always belong inside the European Union no matter what the outcome of Britain’s June 23 referendum on its EU membership, Prime Minister Lars Loekke Rasmussen said. “I’m not blind to the fact that the EU makes mistakes,” Rasmussen said according to the text of a speech delivered on Sunday. “Decision making can be too slow and …

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• 5 June

  World’s biggest wealth fund faces dividend hit after oil slump

  

    Bloomberg Norway’s first-ever withdrawal from its $860 billion sovereign wealth may be bigger than planned. Here’s why: The government has yet to account for a potential decline in payouts from Statoil ASA, of which it owns 67 percent. The oil producer has introduced a scrip dividend, allowing investors to take stock in-lieu of cash. Norway has committed to keeping …

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• 5 June

  Oil price plasters over OPEC rifts, for now

  

    Vienna / AFP OPEC looks to be in a happier place with oil prices recovering, but its inability to agree an output ceiling to restrain the flow of crude betrays lingering divisions that could spell trouble ahead, analysts warn. Meeting in Vienna on Thursday, the Organization of the Petroleum Exporting Countries expressed confidence that the crisis of the past …

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