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Mafia asset confiscation measure advances in European Parliament
A key European Parliament committee this week signed off on legislation calling for confiscation of organized crime assets and their distribution to local communities. ... more
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China inflation accelerates in April: govt
Inflation in China accelerated to 2.4 percent year-on-year in April, official data showed Thursday, above market expectations, but analysts said counter-measures were unlikely due to weak economic momentum. ... more
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California sues JPMorgan over debt-collection fraud
The US state of California filed suit Thursday against JPMorgan Chase, accusing the Wall Street bank of illegally abusing credit-card customers and misusing the court system to harass them with lawsuits. ... more
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China considers resource tax to include coal
A Chinese government official has signaled that tougher taxes on the use of resources and on emissions would be imposed so the country can achieve greener industrial development. ... more
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