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Sri Lanka's president makes U-turn on IMF bailout
Sri Lanka's president makes U-turn on IMF bailout
by  AFP

Sri Lanka's new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor. Dissanayake's National People's Power party had said it did not agree with the International Monetary Fund's debt assessment and would renegotiate the bailout programme.

Why is Indian tycoon Gautam Adani facing US bribery charges?
Why is Indian tycoon Gautam Adani facing US bribery charges?
by  AFP

The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts. - Wednesday's indictment in New York accuses Adani Group's leadership of paying more than $250 million to Indian government officials to secure lucrative contracts worth more than $2 billion.

Gautam Adani: Billionaire Indian tycoon facing US bribery charges
Gautam Adani: Billionaire Indian tycoon facing US bribery charges
by  AFP

Billionaire Indian industrialist Gautam Adani, whose business empire has been rocked by US bribery charges against him, is one of the corporate world's great survivors. The indictment accuses Adani Group's leadership of bribing Indian government officials to secure lucrative government contracts.

US govt calls for breakup of Google and Chrome
US govt calls for breakup of Google and Chrome
by  AFP

The US government late Wednesday asked a judge to order the dismantling of Google by selling its widely used Chrome browser in a major antitrust crackdown on the internet giant. From this position, Google expanded its tech and data-gathering empire to include the Chrome browser, Maps and the Android smartphone operating system.

India's Adani Enterprises tanks after founder's US charges
India's Adani Enterprises tanks after founder's US charges
by  AFP

Shares in India's Adani Enterprises slumped 10 percent at Thursday's open after US prosecutors charged billionaire industrialist founder Gautam Adani with paying hundreds of millions of dollars in bribes and hiding the payments from investors.