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Comics fest hides the grim reality of animation world

<!– google_ad_section_start –> A series of events celebrating Hong Kong’s comics and animation will be held this and next month to mark the opening of the city’s first site dedicated to the popular culture. But while fans will enjoy a feast of exhibitions and film screenings, the reality is not as rosy as it seems. While welcoming the opening of the Comix Home Base at the Green House in Wan Chai next month, local comics and animation veterans say the small domestic market has made their lives difficult. <!– google_ad_section_end –>

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Call for global information system to curb tax evasion

<!– google_ad_section_start –> The leading developed nations have called for the creation of a global system to automatically funnel financial information about individuals and companies using offshore tax havens, but Switzerland does not want to co-operate. <!– google_ad_section_end –>

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China to place ban on private orphan shelters

<!– google_ad_section_start –> “Adopting and handling abandoned infants at one’s own will is forbidden,” a circular, issued by seven government departments, said. <!– google_ad_section_end –>

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EU, US leaders launch trade talks, France digs in on culture

<!– google_ad_section_start –> The United States and the European Union launched talks on Monday to create one of the world’s most ambitious free-trade zones, as France again underscored its determination to protect its movies and culture. A trans-Atlantic free trade agreement was first considered three decades ago but was knocked down by France in the 1990s. Europe has now managed to get Paris onside, opening the way to a deal that could boost the EU and US economies by more than US$100 billion (HK$776.0 billion) a year each. <!– google_ad_section_end –>

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US-EU trade pact, Syria top agenda as G8 chiefs convene in Belfast

<!– google_ad_section_start –> Leaders of eight of the world’s wealthiest nations sought elusive progress on lowering trans-Atlantic trade barriers and pushing the warring factions in Syria towards the negotiating table as the G8 summit opened yesterday amid high security in peaceful Northern Ireland. <!– google_ad_section_end –>

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HK’s Li buys Dutch waste company for $1.3B

<!– google_ad_section_start –> HONG KONG (AP) — Hong Kong billionaire Li Ka-shing is buying a Dutch waste and renewable energy company for 943.7 million euros ($1.3 billion), his companies said Monday, as the infrastructure and utilities businesses of Asia’s richest man expand further internationally. Four companies controlled by Li including Cheung Kong Infrastructure Holdings Ltd. said they were teaming up to buy AVR-Afvalverwerking BV. The group said it was buying AVR because it represents a “compelling long-term investment opportunity for the consortium.” <!– google_ad_section_end –>

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Under Pressure, Stewart Shifts Company’s Focus

After posting a loss in the first quarter, Martha Stewart Living Omnimedia redesigned its print and digital offerings in hopes of returning to profitability.

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AP IMPACT: Snowden’s life surrounded by spycraft

<!– google_ad_section_start –> FORT MEADE, Maryland (AP) — In the suburbs edged by woods midway between Baltimore and Washington, residents long joked that the government spy shop next door was so ultra-secretive its initials stood for “No Such Agency.” But when Edward Snowden grew up here, the National Security Agency’s looming presence was both a very visible and accepted part of everyday life. <!– google_ad_section_end –>

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After Profits, Defense Contractor Faces the Pitfalls of Cybersecurity

Mike McConnell, who once led the National Security Agency, is now the chief architect of Booz Allen’s cyberstrategy — and among the executives facing questions after a data leak.

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25 die in Pakistan bus, hospital bombings

<!– google_ad_section_start –> At least 25 people were killed in troubled southwest Pakistan yesterday when militants blew up a bus carrying women students and attacked a hospital treating survivors. <!– google_ad_section_end –>

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NSA’s information behemoth to swallow a library a minute

<!– google_ad_section_start –> Deep in Mormon country, thousands of labourers have worked for two years to build a US$1.7 billion facility that will provide a new home for the NSA’s exponentially expanding information store. Sited on an unused swath of a National Guard base, by September it will employ about 200 technicians, span 93,000 square metres and use 65 megawatts of power. <!– google_ad_section_end –>

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Shanghai’s hospice wards offer terminal patients a better last stop

<!– google_ad_section_start –> Ten bedridden terminal cancer patients lie in the dimly lit, quiet hospice ward at the Jingan Temple Community Hospital in Shanghai. Most are cared for by auxiliary workers, who look after a few at a time. <!– google_ad_section_end –>

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Massive database reveals offshore banking entities that could be used for tax evasion

<!– google_ad_section_start –> A massive database of private offshore banking entities that could be used for tax evasion was posted online for public use on Friday by the muckraking group that first reported the files. The International Consortium of Investigative Journalists said anyone can now search the records of some 100,000 companies, trusts and funds located in leading tax havens to see who could be making use of them to skirt home-country taxes. <!– google_ad_section_end –>

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Chinese police bring 2 suspects back from Malaysia

<!– google_ad_section_start –> Police have escorted two Chinese men accused of involvement in economic crimes back from Malaysia, including one who fled China eight years ago, the Ministry of Public Security said. The Malaysian law enforcement authorities helped the Chinese police to apprehend the suspects who were hiding in Malaysia, the ministry said in a statement on Friday on its website. Li Yansong fled China last year and is accused of amassing 350 million yuan (HK$443 million) in loans by defrauding financial institutions in 2011 and 2012, the statement said. <!– google_ad_section_end –>

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Ex-State Senator Gets 5-Year Sentence for Theft

Pedro Espada Jr., the Bronx politician who was convicted of stealing hundreds of thousands of dollars from a health care network, portrayed himself as a victim.

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Snowden throws spotlight on Carlyle Group’s role in defence sector

<!– google_ad_section_start –> The Carlyle Group has spent years attempting to shed its image as a well-connected private equity firm leveraging Washington heavyweights in the defence sector. Instead, it nurtured a reputation as a financially sophisticated asset manager that buys and sells everything from railways to oil refineries. <!– google_ad_section_end –>

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Lawmaker accuses Google of dodging taxes

<!– google_ad_section_start –> An influential committee of British lawmakers accused search company Google of dodging its taxes on Thursday in a scathing report that said the US Internet company took on highly contrived arrangements serving no purpose other than to avoid paying its fair share. The report came after testimony by Google Vice President Matt Brittin, who tried to persuade members of parliament’s Public Accounts Committee that his company was transparent and fair. Committee chair Margaret Hodge rejected arguments that Google’s advertising sales take place in Ireland and not the UK. <!– google_ad_section_end –>

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Private Preschools See More Public Funds as Classes Grow

Across the country, states and districts are increasingly funneling public funds to religious schools, private nursery schools and a variety of nonprofit organizations that conduct classes.

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Correction: Nicaragua-Canal story

<!– google_ad_section_start –> MANAGUA, Nicaragua (AP) — In a story June 8 about Nicaragua’s plans to build a canal, The Associated Press misidentified the university where Jason Bittner is director of the Center for Urban Transportation Research. It is the University of South Florida, not the University of Southern Florida. A corrected version of the story is below: Nicaragua canal fast-tracked with Chinese boost Nicaragua canal project fast-tracked with Chinese investment in a centuries-old dream By LUIS GALEANO Associated Press <!– google_ad_section_end –>

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Graft trial begins for former China railways chief Liu Zhijun

<!– google_ad_section_start –> Liu Zhijun, the former railways minister, arrived at Beijing No 2 Intermediate People’s Court around 6.10am, escorted by police vehicles and under heavy security. <!– google_ad_section_end –>

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