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(MENAFN - AFP) Alibaba founder Jack Ma has met with the head of a powerful Chinese regulator, days after authorities accused the e-commerce giant of allowing "illegal" actions on its multi-billion-dollar online shopping platform.

The meeting Friday between Ma and State Administration for Industry and Commerce (SAIC) director Zhang Mao may signal a de-escalation of the dispute, ...

(MENAFN - AFP) After Uruguay first moved to legalize marijuana in 2013, the approach has taken root in Latin America with several other countries now considering a revamp of their own drug laws.

"Someone has to start in South America," Uruguayan President Jose Mujica said in late 2013 as he unveiled plans to make cannabis legal in his country.

Under Mujica, Uruguay ...

(MENAFN - AFP) Panasonic has closed its last remaining TV manufacturing factory in China and is to sell its plant in Mexico as part of a restructuring plan aimed at stemming losses, a newspaper said Saturday.

The Japanese electronics giant was forced to pull the plug on local production in the two countries due to a sharp decline in TV prices in North America and China, the ...

(MENAFN - AFP) A British company's plan to unleash hordes of genetically modified mosquitoes in Florida to reduce the threat of dengue fever and other diseases has sparked an outcry from fearful residents.

As of Friday, more than 145,000 people had signed a petition at change.org urging regulators to "say no" to allowing the tourist-friendly fishing and diving haven to become ...

(MENAFN - AFP) A Spanish hospital has successfully used stem cells culled from healthy donors to treat seven heart attack victims, in what officials said was a world first.

Madrid's Gregorio Maranon hospital plans to treat 55 patients in all with the technique in a clinical trial, the regional Madrid government which runs the hospital said in a statement.

"Seven patients ...

(MENAFN - AFP) Strong earnings from Apple, Boeing and some others were not enough this week to offset Wall Street angst over the strong dollar, crashing oil prices and the Greek election.

US equities finished firmly lower, with the Dow Jones Industrial Average tumbling 507.65 points (2.87 percent) to 17,164.95.

The broad-based S&P 500 fell 56.83 (2.77 percent) to ...

(MENAFN - AFP) Pilloried by the new Greek authorities, the "troika" of creditors -- the International Monetary Fund, European Union and European Central Bank -- was formed in 2010 to rescue debt-riddled Greece.

Since then, the three have become a widely disdained symbol of painful austerity in the eurozone country under the bite of the lenders' program of radical budget cuts ...

(MENAFN - AFP) Germany slammed the brakes Friday on applying its new minimum wage to foreign truck drivers transiting the country in a move welcomed by Poland which vigorously opposed the system.

Just weeks after the minimum wage took effect, German Labour Minister Andrea Nahles said after talks with her Polish counterpart in Berlin that the suspension was decided "out of ...

(MENAFN - AFP) President Barack Obama on Friday unveiled plans to plow $215 million into "precision medicine" research, a field he said provided "boundless" promise for the treatment of diseases like cancer and diabetes.

The field -- which aims to tailor treatment to individual patients -- "gives us one of the greatest opportunities for new medical breakthrough that we have ...

(MENAFN - AFP) Chevron slashed $5 billion from its investment budget and shut down its share buyback program Friday as the crude price plunge continued to savage budgets of oil industry powerhouses.

Chevron said it would spend $35 billion on exploration and production projects, 13 percent less than last year, in response to the nearly 60 percent fall of the oil price since ...

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