The European Union has imposed its biggest ever cartel fine of almost $1.96 billion on seven companies, including Philips, LG Electronics and Panasonic, for fixing the market for television and computer cathode ray tubes for over a decade.
Chinese investors have purchased the elite Chateau Bellfont-Belcier vineyard in the Bordeaux region of France. Similar deals have caused outrage among some French politicians who are concerned the country is selling its wine heritage.
Latvian insurers have rejected the request to insure against “breaking the space-time continuum” and the coming of a fictional deity Cthulhu as the “damage from the end of the world is difficult to evaluate”.
The US Congress may soon end Cold War-era trade sanctions by voting to give companies greater access to Russia’s developing market. Republican leaders had previously blocked the issue from going to a vote, despite Russia’s accession into the WTO.