Details about the allegations are still emerging, but could relate to investigations into employees of the company's Chinese sales organization and likely involves embezzlement as passive bribery....More
An enormous new report from the International Atomic Energy Agency details what went wrong in Japan during its 2011 nuclear disaster. Among the reasons: An assumption that the country's plants were so safe, an accident was unthinkable....More
"This rule is the most far-reaching energy regulation in the nation's history, and the EPA simply does not have the legal authority to carry it out,” said West Virginia Attorney General Patrick Morrisey....More
The general manager of heavy machinery manufacturer China First Heavy Industries was found hanged in his office of an apparent suicide, the latest in a series related to the country's anti-corruption campaign....More
Stating that we have a “moral obligation to leave our children a planet that’s not polluted or damaged,” the Obama administration today announced a Clean Power Plan that will lower carbon pollution from U.S. power plants by 32% by 2030. The final target is 9% stricter than the proposed ruled, but provides more time and more flexibility for states to comply with new emissions limits.
The new bill, approved by more than 77% of parliament members present, covers changes to the civil justice system, a bank deposit protection scheme and measures that should shore up the liquidity of the country's banks....More
Seventeen hours of negotiations result in a three-year bailout worth as much as 86 billion euros, the third financial rescue of Greece this decade, though some pundits have railed against it, calling it a coup for countries like Germany....More