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  • News
    The Canadian Press

    Macao detains Suncity boss after over illegal gambling

    BEIJING (AP) — Macao police on Saturday detained the head of Macao’s biggest junket organizer and others after Chinese authorities issued an arrest warrant for them over accusations that they ran an illegal cross-border gambling syndicate. The arrests in the gambling enclave came after prosecutors in Wenzhou, in the eastern province of Zhejiang, on Friday accused Suncity Group CEO Alvin Chau and another person, Zhang Ningning, of leading cross-border gambling operations and setting up casinos ac

  • Business
    The Canadian Press

    Workers’ paradise? Portugal's new teleworking law takes flak

    LISBON, Portugal (AP) — Portugal’s new law on working from home makes the European Union country sound like a workers’ paradise. Companies can’t attempt to contact their staff outside working hours. They must help staff pay for their home gas, electric and internet bills. Bosses are forbidden from using digital software to track what their teleworkers are doing. There’s just one problem: the law might not work. Critics say the new rules are half-baked, short on detail and unfeasible. And they ma

  • Business
    Bloomberg

    Russian Oil-Output Growth Losing Steam as OPEC+ May Review Plans

    (Bloomberg) -- Russia’s oil-output growth has slowed this month, as the nation’s producers are running out of spare capacity. This could give OPEC’s main ally a reason not to oppose any move by the producer group to ditch its plan to raise output next week.Most Read from BloombergBillionaire Family Feud Puts a Century-Old Business Empire in JeopardyAn Arab City’s Booming Art Scene Is Also a Grab at Soft PowerAsia’s Richest Man Looks to Walton Family Playbook on SuccessionThe 24-Year-Old Aiming t

  • Business
    Bloomberg

    Paytm Operator Posts Quarterly Loss Amid Rising Expenses

    (Bloomberg) -- One97 Communications Ltd., the entity that operates leading digital payments service Paytm, said losses widened last quarter as the newly-listed company struggled to make money off transactions which slowed during the pandemic.Most Read from BloombergBillionaire Family Feud Puts a Century-Old Business Empire in JeopardyAn Arab City’s Booming Art Scene Is Also a Grab at Soft PowerAsia’s Richest Man Looks to Walton Family Playbook on SuccessionThe 24-Year-Old Aiming to Dethrone Vict