China’s competition watchdog is adding staff and resources as it cracks down on anti-competitive behavior. Its most recent action, a $2.75 billion fine on e-commerce giant Alibaba, underscores challenges for companies including global firms.
Business & Financial News, U.S & International Breaking News
China, Russia undermine international Myanmar response, EU's top diplomat says
The European Union's top diplomat said on Sunday Russia and China were hampering a united international response to Myanmar's military coup and that the EU could offer more economic incentives if democracy returns to the country.
S.Korean battery makers agree $1.8 billion settlement, aiding Biden's EV push
WASHINGTON/SEOUL (Reuters) -South Korean battery makers LG Energy Solution and SK Innovation Co agreed on Sunday to settle disputes over electric-vehicle (EV) battery technology, avoiding a potential setback for U.S. EV ambitions.
Swiss watchdog asked Credit Suisse on Greensill risks -SonntagsZeitung
The head of Switzerland's financial regulator FINMA questioned Credit Suisse over risks in its dealings with now-insolvent finance firm Greensill Capital "months" before the bank was forced to close $10 billion of funds liked to Greensill, Swiss newspaper SonntagsZeitung reported Sunday.
Iran reports electrical incident at Natanz nuclear site, no casualties
DUBAI (Reuters) -An electrical power problem caused an incident at Iran's Natanz underground nuclear facility on Sunday, Iranian Press TV reported, a day after Tehran launched new advanced uranium enrichment centrifuges at the site.
Indonesian president orders Java rescue efforts after quake kills 8
Indonesian President Joko Widodo on Sunday ordered swift rescue and relief efforts after eight people died in an earthquake that hit off southern Java island.
Illegal driftnet use widespread in Indian Ocean, Greenpeace says
Greenpeace has uncovered widespread use of illegal driftnets in the northwest Indian Ocean, which it says are decimating marine life in what is one of the world's most ecologically vulnerable fishing grounds.
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