Myanmar faces pressure over Rohingya crisis

  Yangon / AFP Malaysia’s top diplomat turned the screws on Aung San Suu Kyi at emergency talks in Myanmar on Monday, warning that an army crackdown on the Rohingya minority could spark a regional migrant crisis. More than 27,000 Muslim Rohingya have fled northwestern Myanmar for Bangladesh since the start of November to escape a military counter-insurgency operation. Myanmar’s army ...

Read More »

41 dead in Siberia after drinking toxic bath essence

  Moscow / AFP A Siberian city declared a state of emergency Monday after 41 people seeking cheap alcohol died from drinking bath essence containing methanol, a toxic substance used in anti-freeze. The Russian Investigative Committee has launched a probe into the deaths caused by drinking a liquid labelled as hawthorn-scented bath essence, and has detained several people. Kremlin spokesman Dmitry ...

Read More »

Austria far-right Freedom Party signs Moscow pact

  Vienna / AFP Austria’s far-right Freedom Party said on Monday it has struck a “cooperation pact” with the party of Russian President Vladimir Putin, who is courting populist movements across Europe in an anti-EU campaign. FPOe chief Heinz-Christian Strache signed the five-year agreement with senior United Russia officials during a trip to Russia, where he also renewed criticism of international ...

Read More »

Duterte executions plan is barbaric: Critics

  Manila / AFP Philippine Catholic leaders and rights groups on Monday condemned as “barbaric” President Rodrigo Duterte’s plan to restore the death penalty and execute “five or six” criminals daily. Duterte, 71, has made reviving the death penalty in the mainly Catholic nation his top legislative priority as part of a brutal war on crime that has killed 5,300 people. ...

Read More »

Apple appeals landmark tax ruling, says EU ‘ignored law’

  Brussels / AFP Apple on Monday launched a legal challenge against a landmark EU decision that the tech giant pay billions in back-taxes to Ireland, claiming the EU has ignored the law. The European Commission, the EU executive arm, in August ordered iPhone maker Apple to reimburse a record 13 billion euros ($14 billion) in unpaid taxes in Ireland. ...

Read More »

Linde, Praxair to reveal $65 billion merger

  Frankfurt am Main / AFP German industrial gases maker Linde and US competitor Praxair are set to announce a $65-billion merger to create a global leader in the sector in the coming days, the Financial Times reported on Monday. Linde and Praxair’s previous attempt at a tie-up failed in September, but they are now expected to reveal preliminary merger terms ...

Read More »

Fairfax to buy Allied World for $4.9 billion

  Bloomberg Fairfax Financial Holdings Ltd. agreed to buy insurer Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa’s largest purchase. Fairfax will pay $54 per share, which is 18 percent higher than Allied World’s closing price on Friday. For every share, Allied investors will receive about $10 in cash — half ...

Read More »

SCA enters wound care with $2.9bn deal ahead of spin

  Bloomberg Svenska Cellulosa AB will acquire BSN Medical for 2.74 billion euros ($2.9 billion) as the Swedish maker of Velvet tissues expands into wound care and orthopedics ahead of a planned split from forestry products. The purchase of the dressings-and-bandage maker from private equity firm EQT Partners AB, to be funded through debt, is expected to generate annual synergies ...

Read More »

Iran to land first Airbus jet within weeks under sanctions pact

  PARIS / Reuters Iran expects to get its first new jet within weeks under a multi-billion-dollar deal with Airbus for 100 planes, a senior official said on Monday, as Tehran and Western firms race to reopen trade almost a year after sanctions were lifted. The first of the Airbus jets should be delivered in mid-January, part of plans to ...

Read More »

Airbnb to build flight-booking tool to rival Priceline

  Bloomberg Airbnb Inc. is developing a service for booking air travel as the home-rental start-up looks to compete with Priceline Group Inc. and Expedia Inc. for more people’s online travel spending. Development of the flight-booking feature is early, and the company is considering various routes to break into the business, said people familiar with the plans. Airbnb may acquire ...

Read More »
Send this to a friend