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Business - Pension adviser says Ernst & Young was aware of Wal-Mart Mexico bribery allegations

(Reuters) - A labor-affiliated pension fund adviser is seeking an inquest into the auditor of Wal Mart Stores Inc , Ernst & Young LLP, accusing the auditing firm of knowing about possible bribery in Mexico long before the retailer disclosed it to U.S. authorities. CtW Investment Group, an adviser to union pension funds holding about 0.15 percent of Wal-Mart`s shares, said an internal Wal-Mart memo released during shareholder litigation showed that Ernst & Young was informed by Wal-Mart`s internal audit services, or IAS, unit that a whistleblower had provided evidence of the alleged Mexico bribery scheme to Wal-Mart.

Tuesday, May 26, 2015  02:36


World - Factbox: Policies of Canada`s New Democratic Party

(Reuters) - The following are some of the policies that have been released by Canada`s New Democratic Party (NDP): CORPORATE TAXES The NDP wants to raise the rate of tax businesses pay to bring it closer to the average among Canada`s Group of Seven peers, though the NDP has not released details of what the new rate would be. In 2011, the NDP advocated raising the rate to 19.5 percent. TAX RATES FOR SMALL BUSINESSES In January, party leader Thomas Mulcair said he would reduce the small business tax rate to an eventual 9 percent from 11 percent, with a cut to 10 percent to be effective immediately if the party takes office.

Tuesday, May 26, 2015  06:51


Middle East - Iran trial to start for US reporter

The trial of a Washington Post journalist detained in Iran for almost 10 months on charges that include alleged espionage is due to open.

Tuesday, May 26, 2015  05:56


Business - TechOne profit down as cloud revenue more than doubles

TechnologyOne has said it will hit its total annual profit growth target of 10-15 percent despite a drop on profit the half year.

Tuesday, May 26, 2015  03:31


Africa - W.H.O. Leader Outlines Changes in Response to Ebola Epidemic

The World Health Organization must act to ensure it will not be caught flat-footed by future crises, Dr. Margaret Chan said at the start of a 10-day meeting.

Tuesday, May 26, 2015  03:13


Top Stories - Jets scramble to spate of flight threats

Law enforcement scrambled on a busy long weekend travel day to ensure airplanes were secure after at least 10 threats were phoned in threatening flights.

Monday, May 25, 2015  23:51


World - The world`s 10 most legendary luxury hotels

Tuesday, May 26, 2015  03:13


World - 10 places we`d rather be

Tuesday, May 26, 2015  03:13


World - Several Kenyan police killed in Shebab attack near Garissa: security sources

Several Kenyan police officers were killed overnight in an ambush by suspected Shebab militants in the northeast of the country and close to the border with Somalia, officials and security sources said Thuesday. Local officials said more than 10 officers may have been killed in Monday night`s ambush, while Kenyan media reported the number of dead could be as high as 20. `The area is on the remote side of Garissa not far from the border, that is why we are having a problem getting information instantly,` said a police officer based at the county headquarters.

Tuesday, May 26, 2015  08:05


World - Southeast Asia maritime build-up accelerates, raising risks in disputed seas

By Siva Govindasamy SINGAPORE (Reuters) - Southeast Asian nations are prioritizing spending on their navies and coastguards amid rising tensions in the South China Sea, but as their capabilities grow, so does the risk that any confrontation in the contested waterway will be harder to contain. Annual defense spending in Southeast Asia is projected to reach $52 billion by 2020, from an expected $42 billion this year, according to IHS Janes Defence Weekly. The 10 nations of Southeast Asia are expected to spend $58 billion on new military kit over the next five years, with naval procurement comprising a large chunk, it said.

Tuesday, May 26, 2015  00:29

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