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Adidas shares slide following China corruption claims
Adidas shares slide following China corruption claims
Economy
by  AFP

Adidas shares slid Monday as the German sportswear giant said it was investigating alleged bribery in China after senior employees were reportedly accused of embezzling huge sums. The bribery claims emerged at the weekend when the Financial Times reported that an anonymous letter, allegedly written by "employees of Adidas China", named several Chinese staff members.

Argentines pawn family jewels to make ends meet
Argentines pawn family jewels to make ends meet
Economy
by  AFP

In Argentina's strangled economy, one sector is thriving: the pawn shops buying up gold and other family treasures that many are forced to sell to pay their bills. While half of Argentina's population now lives in poverty, it was once one of the world's richest countries between the 19th and early 20th centuries, and many people have something valuable to pawn.