Other News

Kingdom Tower will soon be the world’s tallest building

The Kingdom Tower in Saudi Arabia, which will be the world’s tallest tower at 3,280 feet, is set for a December 2018 completion. Kingdom Tower will be 568 feet taller than Khalifa Tower, the current Guinness World Record holder in neighboring Dubai, once it is completed. Clem Orjaliza reports from the Middle East Bureau

Amid protests, U.S. FCC proposes new ‘net neutrality’ rules

(Reuters) – U.S. regulators on Thursday advanced a “net neutrality” proposal that would ban Internet providers from blocking or slowing down access to websites but may let them charge content companies for faster and more reliable delivery of their traffic to users. For four months now, the public can weigh in on the rules proposed by the Federal Communications Commission (FCC) in what promises to be an intense tug-of-war between some tech companies and consumer […]

Violence abates in Vietnam as U.S. warns China for ‘provocation’

(Reuters) – Anti-China violence subsided in Vietnam on Friday after the prime minister called for calm, but the United States said China’s “provocative” actions in maritime disputes were dangerous and had to stop. Thousands of people attacked businesses and factories in Vietnam’s industrial parks earlier in the week, targeting Chinese workers and Chinese-owned businesses after Beijing parked an oil rig in a part of the South China Sea claimed by Hanoi. Many Taiwanese-owned firms bore the brunt […]

India’s pro-business Modi storms to historic election win

(Reuters) – Opposition candidate Narendra Modi thundered to victory on Friday in India’s election, with partial results showing that the pro-business Hindu nationalist and his party trounced the ruling Nehru-Gandhi dynasty in a seismic political shift. Modi’s landslide, the most resounding election victory India has seen in 30 years, was welcomed with a blistering rally on India’s stock markets and raucous celebrations at offices across the country of his Bharatiya Janata Party (BJP), where supporters danced, exploded […]

GM to pay $35 million maximum penalty in U.S. transportation probe

(Reuters) – General Motors will pay a $35 million fine as part of the U.S. Transportation Department’s investigation into the handling of faulty ignition switches in some of its vehicles, the automaker and department officials said on Friday. As part of the agreement, GM also agreed to take part in “unprecedented oversight requirements,” including notifying federal transportation officials of any changes to the company’s schedule for completing repair parts by October 4, the department’s National […]