Friday, 24 June 2011

China accounting scandals put Big Four auditors on red alert

The string of accounting problems and stock plunges at publicly traded Chinese groups has sparked deep concerns across the world’s biggest audit firms, putting the so-called Big Four on alert from worries that their reputation could be brought down along with a growing list of stricken companies.

Torrential Rain Flooded Beijing

Beijing Flooded

Malaysian schoolgirl rakes in $10k by selling body

A secondary school student in Malaysia made 30,000 ringgit (US$9,955) during the year-end school break last year by selling her own body, Malaysian newspaper China Press reported.

Thursday, 23 June 2011

‘We can’t contain our anger any longer’

4,000 workers making handbags for brands such as Burberry and DKNY go on strike for pay rises and an end to harsh treatment from their Korean bosses

Asia’s wealthy population overtakes Europe

Booming Asia had more millionaires than Europe for the first time last year and is fast closing in on North America for the top spot, a report released Thursday said.

Tuesday, 21 June 2011

China’s Boom Beginning to Show Cracks

New economic analyses of China provide further indication that the nation’s supercharged economy is beginning to slow, and warn that soaring inflation, rising labour costs and mounting local government debt threaten to weaken growth even more.

Chinese dairy standards ‘lowest in the world’

China’s dairy industry has the lowest quality standards in the world and much of the blame is down to the large companies that dominate it and the rock-bottom prices they pay farmers for raw milk, say industry experts.

Monday, 20 June 2011

Spilling over

The recent spate of violent protests across the mainland suggests that Beijing’s effort to keep a lid on social frustrations is failing. Instead, it must rethink its focus on economic growth and repression.

Sunday, 19 June 2011

Indonesian branch of Obedient Wives Club opens

A new club in Indonesia that encourages women to be totally obedient to their husbands and focus on keeping them sexually satisfied has generated an outcry from some activists.

Why do people do bad things?