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Sony April-December loss shrinks 75%

Japanese electronics giant Sony said on Thursday that its net loss from April to December shrank 75 percent on-year and added that it remains on track to achieve its forecast of a full-year profit.

BP says oil spill compensation fund running out

British energy giant BP admitted on Tuesday that its $20 billion (15 billion euro) fund to compensate victims of the 2010 US oil spill disaster has almost run out of cash.

Air France-KLM chief warns carbon taxes could backfire

Air France-KLM chief executive Ben Smith said Friday that imposing carbon taxes on ticket prices could prove counterproductive, hindering efforts by airlines to buy more fuel-efficient planes that could significantly reduce ...

Taiwan Acer's 2009 profit down 3.54 percent

Taiwan's Acer Inc, the world's second biggest computer vendor by revenues, said Wednesday that its profit for 2009 edged down just 3.54 percent from a year ago despite the global economic meltdown.

Forced labor in 19th-century Java cost many lives

In the nineteenth century, Javanese peasants were forced to work on plantations for low wages. This was an economic success, but at the cost of a large number of lives, reveals a study conducted by Pim de Zwart, Daniel Gallardo-Albarrán ...

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