Tuesday , December 12 2017

Japan investigates wrongdoing on $79 billion maglev project

epa05691562 People returning to home countries crowd on a platform to get on the JR Tokaido Shinkansen bullet train at Tokyo railway station in Tokyo, Japan, 30 December 2016. According to Japan's largest travel agency JTB Corp.,  about 30 millions of Japanese people move around the country and overseas during a week over year-end and the New Year.  EPA/KIMIMASA MAYAMA

Bloomberg Japanese prosecutors are investigating two of the country’s biggest construction companies, Obayashi Corp. and Kajima Corp., for suspected wrongdoing linked to a public-backed $79 billion magnetic-levitation rail network. After local media reported authorities were looking into bid-rigging related to construction of Central Japan Railway Co.’s maglev project, Obayashi Corp. ...

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Freezing cities force China to ease anti-smog curbs on coal

epa05892424 Chinese tourists visit the Bund with the Pudong skyline towers seen through heavy smog during a rainy and polluted day in Shanghai, China, 06 April 2017.  EPA/ROMAN PILIPEY

Bloomberg China’s efforts to tackle air pollution are getting a reality check, with some regions told to revert to burning coal after shortages of natural gas left people without heating amid freezing winter temperatures. Officials in China’s frigid northern provinces were ordered to prioritise keeping citizens warm and areas that ...

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China Telecom studies Philippines entry after president Duterte’s offer

epa02509955 The logo of China Telecom adorns its headquarters in Beijing, China 30 December 2010. China Telecom is one of the world's largest telecom companies but remains led by state control, typical of the behemoths of state capitalism that dominate China's current economic structure.  EPA/ADRIAN BRADSHAW

Bloomberg China Telecommunications Corp. is studying an investment in the Philippines after President Rodrigo Duterte invited China to enter the Southeast Asian country and challenge local phone carriers PLDT Inc. and Globe Telecom Inc. The Chinese government, which controls its phone carriers, picked China Telecom to be the one entering ...

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Trump to ready public-works plan in Jan 2018

epa05219001 People look out on the skyline from the observation deck on the Top of the Rock at Rockefeller Center in New York, New York, USA, 18 March 2016. 30 Rockerfeller Center has 70 floors and is 266 meters in height.  EPA/JUSTIN LANE

Bloomberg President Donald Trump plans to keep pushing his legislative agenda in 2018 by releasing his long-promised infrastructure proposal in early January, a senior administration official said. Infrastructure advocates question whether a Republican-led Congress will be able to pass a spending plan with enough federal funding if it’s already approved ...

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Britain Serious Fraud Office gets reprieve

epa06368567 British Prime Minister Theresa May with Spanish Prime Minister Mariano Rajoy (not pictured) during talks in 10 Downing Street in London, Britain, 05 December 2017. Media reports state that the two leaders are expected to discuss the current negotiations around Brexit and the ongoing situation in Catalonia.  EPA-EFE/ANDY RAIN / POOL

Bloomberg The UK government u-turned on campaign promises to disband the Serious Fraud Office (SFO), with the white-collar prosecutor remaining independent under the Conservative Party’s newest plans for tackling economic crime. The decision was expected to be announced on Monday by Home Secretary Amber Rudd, according to a statement from ...

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