Cambodia News
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Hennes & Mauritz AB, Europe’s second- biggest clothing retailer, said some H&M garments were produced without its knowledge or approval at a factory in Cambodia where workers were injured in a partial building collapse this week.
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Resona Holdings Inc., Japan’s fifth- largest bank by market value, is poised to tie up with Malaysia’s Public Bank Bhd. as part of its efforts to expand in Asia.
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A Cambodian shoe factory partially collapsed today, killing at least two and injuring five, Xinhua reported, citing district police chief Khem Pannara.
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Rice exports from India, the world’s second-largest grower, are poised to slump from a record as supplies from Vietnam, Myanmar and Pakistan widen a global glut, according to the International Rice Research Institute.
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Rescuers combing through the debris of a garment-factory building that collapsed in Bangladesh 18 days ago pulled a survivor from under the rubble yesterday, even as the death toll from the disaster rose to 1,085.
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The death toll from the collapse of the Rana Plaza garment factory in Bangladesh swelled to more than 1,000 workers, cementing its place among a grisly lineup of the world’s worst industrial disasters and reinforcing calls that the tragedy lead to lasting change.
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Like other would-be tiger economies, Vietnam faces a trifecta of new threats: a crisis-paralyzed Europe, a faltering America, and a newly spendthrift Japan. Yet the biggest risk to the nation’s future may be old-fashioned nostalgia.
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Carlsberg A/S reported first-quarter profit that beat estimates as the brewer increased its leading share of the Russian beer market and sales surged in Asia.
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Walt Disney Co.’s decision to pull out of Bangladesh is fueling debate over whether other manufacturers should leave the country or stay put to improve workplace conditions in the South Asian nation.
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Japan said it will boost financial cooperation with Southeast Asian nations, support their bond markets and make it easier for Japanese companies to raise funds in local currencies.
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