Factbox-Pakistan anti-graft agency that arrested Imran Khan has wide powers

By Asif Shahzad (Reuters) – Created by military dictator late General Pervez Musharraf and currently headed by a retired general, Pakistan’s powerful anti-graft agency that arrested former prime minister Imran Khan in a land fraud case has a mandate to end corruption in the country. The National Accountability Bureau (NAB) has investigated, tried and jailed…

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Hong Kong Q1 GDP grew 2.7% y/y, sees tourism, consumption driving recovery this year

HONG KONG (Reuters) -Hong Kong’s economy grew 2.7% in the first quarter from a year earlier, government data showed on Friday, thanks to a strong recovery of inbound tourism and domestic demand which would remain drivers for growth this year. It was the first quarter of growth after four consecutive ones of contraction. The city’s…

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Ukraine’s anti-graft prosecutor says rule of law trumps trophy convictions

By Dan Peleschuk KYIV (Reuters) – Ukraine’s crackdown on corruption has raised eyebrows in recent months by going after respected former technocrats who helped repair the country after the political upheaval of 2014. Chief anti-corruption prosecutor Oleksandr Klymenko is aware of public pressure to put more prominent names or current officials behind bars. But he…

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Pratt & Whitney says faces higher risks after Go First filed for bankruptcy

By Mike Scarcella and Jahnavi Nidumolu NEW YORK/BENGALURU (Reuters) -Pratt & Whitney on Thursday opposed Go Airlines (India) Ltd’s push to enforce an arbitration ruling in an engine dispute, with the U.S. company arguing in a Delaware court that the Indian airline’s bankruptcy filing has raised risks for it. The Indian airline, widely known as…

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Rights group sues over Biden rule curbing asylum at U.S.-Mexico border

By Ted Hesson WASHINGTON (Reuters) – Immigration advocates represented by the American Civil Liberties Union (ACLU) filed a legal challenge on Thursday minutes before a U.S. regulation restricting access to asylum at U.S.-Mexico border was set to take effect. In a motion filed before a federal judge in California, the groups want to re-open an…

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Philips to pay $62 million to resolve charges it violated US law

WASHINGTON (Reuters) -Dutch medical device maker Philips will pay $62 million (56 million euros) to resolve charges it violated the Foreign Corrupt Practices Act over its conduct related to sales of medical equipment to China, the U.S. Securities and Exchange Commission said on Thursday. Philips said the settlement related to allegations of “irregularities in the…

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