CHICAGO (AP) — China is promising to streamline a regulatory process that has held up imports of pharmaceuticals and medical devices from the United States. The country also pledges to enforce its anti-monopoly laws equally among Chinese and foreign companies.
NEW YORK (AP) — Avon cosmetics will pay $135 million to settle criminal and civil charges after its China unit pleaded guilty to conspiring to violate the Foreign Corrupt Practices Act by bribing officials there. Avon Products Inc. is the world’s largest direct seller of cosmetics. Its Avon China unit
BELGRADE, Serbia (AP) — China has secured a deal to construct a high-speed train link between Serbian and Hungarian capitals that will cut travel time between Belgrade and Budapest from eight to less than three hours. The 400-kilometer (250 miles) railway is part of China’s ambitious plans to speed up
NEW DELHI (AP) — Low-cost Indian airline SpiceJet has grounded all flights after oil companies stopped supplies of jet fuel to the financially beleaguered carrier.
BEIJING (AP) — China has green-lighted a third airport for the capital Beijing in a bid to reduce congestion and chronic delays.
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