Shady land deal scandal brewing, poses risks to Abe administration

TOKYO, March 25 (Xinhua) — The cut-price land deal scandal involving Japanese Prime Minister Shinzo Abe and his wife Akie is far from over and could pose serious risks to the prime minister’s administration, according to local analysts. Moritomo Gakuen, a private-school operator, reportedly bought a 8,770-square-meter piece of land last June in Toyonaka, Osaka […]

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EU leaders meet to mark 60th anniversary of Treaty of Rome

ROME, March 25 (Xinhua) — European Union (EU) leaders gathered in the Italian capital on Saturday to mark the 60th anniversary of the Treaty of Rome that launched the European integration process. The summit is meant to celebrate the major achievements reached by European countries since they embarked on the journey of integration. Besides that, […]

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Chinese yuan strengthens to 6.8856 against USD Thursday

BEIJING, March 23 (Xinhua) — The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 33 basis points to 6.8856 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the […]

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Alibaba to set up e-commerce hub in Malaysia

KUALA LUMPUR, March 23 (NsNewsWire) — China’s e-commerce giant Alibaba group on Wednesday announced a plan to set up an e-commerce hub in Malaysia encompassing logistics, cloud-computing and e-financial service to boost trade and e-commerce in the region. The e-commerce hub will be part of the collaboration between Alibaba and the Malaysian government in the […]

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Lippi urges Chinese player to put best efforts in WCup qualifier

CHANGSHA, China, March 23 (NsNewsWire) — Most Chinese fans believe it would be one of the biggest tests for Marcello Lippi in his career when China face South Korea in a vital World Cup qualifier but the Italian World Cup winning coach showed full confidence in his players on Wednesday. China will host South Korea […]

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Russia to join tax-free shopping system

ST. PETERSBURG, March. 23 (NsNewsWire) — Russia has decided to join a tax-free shopping system and foreign tourists are expected to obtain a refund of 18 percent value added tax. “Vesti” channel reported that Russian officials discussed details of this initiative on Wednesday, reports Xinhua. To obtain a refund, a foreign citizen will need to […]

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