A Chinese court has sentenced an Australian manager of mining giant Rio Tinto along with three Chinese citizens to jail terms ranging between seven and 14 years for bribery and stealing the country’s commercial secrets. The decision came in the face of strong pressures from the Australian government to show leniency towards Stern Hu, the Rio manager who became an Australian national after giving up Chinese citizenship some years back.
My point of view ,It’s shame that in India, mainly the honest, innocent professionals ending up suffering/mistreated. Infrequently, any honest person has been ‘actually’ punished in India’s corporate history. If you take example last 20 years of India’s corporate success history, a staggering number of Corrupt people have managed to rise to Top ranks and succeed smoothly. Actually, I have never ever seen any professional being penalized in India, rather those who stand for honesty or principles end up getting the punishment many a time especially where their bosses are corrupt!!!
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China sends Rio Tinto’s Australian manager to jail
Hollywood and Bollywood join arms to fight piracy
Hollywood and Bollywood linked arms Thursday to fight piracy, with the statement of a coalition among the between Motion Picture Association of America and seven Indian companies to tackle counterfeiting in one of the world’s largest film markets.
Please read more details http://news.yahoo.com/s/ap/20100319/ap_on_en_mo/as_india_piracy
I think ,Hollywood and bollywood and needs to make more affordable theaters across the india with lesser ticket prices and India needs a version of netflixs and bollywood should also do co-productions with french studios.I hope or may be the biggest pirated market in the world is 1st china than India, Russia, U.k., South korea, Israel, and Veitnam. The least pirated markets in the world are Saudi arabia, Iran, turkey like few other places . The top 14 pirtaed countries count for 93% of all pirated movies on earth.
Porsche faces hefty fines from US
“German sports car manufacturer Porsche could soon face severe fines in the United States thanks to a proposed law meant to encourage greater fuel efficiency, daily Financial Times Deutschland reported on Monday.”
It’s the fleet averages I think. This wasn’t made clear in the article. Ironically, it’s that German car makers have a lot of the high end cars in their fleets that’s got them in this fix. They don’t have all the junk low end cars that Detroit does, which get better gas mileage even if they aren’t worth the scrap metal you could get out of them.
VW may be better able to deal with this. Daimler perhaps, if they can count the diesels the sell in the rest of the world in the fleet average. So I’m told, they put a four cylinder diesel in their current C class that gets 40+ mpg, and the six isn’t bad either. Yes, MJTinNOLA, U.S. car companies make muscle cars. They also make a boatload of gas guzzling pickups and SUVs that…somehow…for some odd reason…don’t count in Their fleet averages. Of course politics has nothing to do with that…