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PARIS: China is in the forefront of the development of an “Internet of Things,” leading the way with the number of machine-to-machine connections and opening a new market for operators, a study showed on Monday. In the past four years the number of machine-to-machine connections via mobile networks has grown…

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TOKYO: Japan’s economy saw its strongest expansion in more than two years during the first quarter of 2013, revised data showed Monday, but a sales tax rise has weighed on growth since the levy hike. The world’s number-three economy grew by 1.6 percent between January and March, slightly faster than…

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YANGON: Myanmar and Vietnam are stepping up economic cooperation especially in the banking sector following the signing of a memorandum of understanding on cooperation between a state-owned Vietnamese bank and a Myanmar industrial-related bank in Yangon last weekend. The MoU was signed between the Small and Medium Industrial Development Bank…


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HONG KONG: Asian markets mostly rose on Monday, buoyed by another record close on Wall Street in response to an impressive US jobs report, an upward revision of Japanese economic growth and healthy Chinese export figures. The euro ticked up as the upbeat outlook provided enough confidence for traders to…

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SINGAPORE: Oil prices rose in Asian trade Monday, boosted by robust Chinese export data and a solid US jobs report that boosted hopes for a pick-up in demand, analysts said. US benchmark, West Texas Intermediate for July delivery, gained 20 cents to $102.86 a barrel in afternoon trade, while Brent…

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LONDON – Seven-time champion Roger Federer has been told by Wimbledon officials that his orange-soled tennis shoes contravene the tournament’s strict all-white dress code. Federer wore the shoes in his opening round win over Vicor Hanescu on Monday but has now been told to bin them when he…

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Another international brand has opened a concept store in Manila. Crumpler officially launched its flagship store at the East Wing of Shangri-La Plaza in Mandaluyong City. David Roper, one of the founders of the renowned Australian bag brand, attended the event. “We have come here to Manila for almost five…

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THE Manila city government on Wednesday shut down the private fuel depot in Pandacan that had leaked oil into the Pasig River. Manila’s Risk Reduction Chief Gilbert Celestino, Bureau of Permits Licensing Officer Richard Zacharias, Manila Police Station 6 Commander SPO1 Aurencio Sedanto and representatives from the Philippine Coast Guard…

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THE Gilas Pilipinas national team takes on Saudi Arabia on opening day on Aug. 1 of the 27th FIBA-Asia Men’s Basketball championship at the SM Mall of Asia (MOA) Arena in Pasay City. Two-time titlist Iran faces Malaysia in the first game at 11 a.m. Jordan and Chinese-Taipei square off…

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International Master (IM) Jan Emmanuel Garcia outclassed untitled Javanbakht Nima of Iran to gain a share of the lead after round seven in the boys’ 18-under of the 2013 Asian Youth Chess Championship in Sari, Iran. Garcia raised his output to six points, the same score as Chinese Ma Zhonghan’s,…