Editor's note: Innovation has been a cornerstone of Daimler's philosophy and business practices for the past 127 years. Today, the brand is still as passionate about using technology to drive the industry forward.
With its turquoise-blue seas, magnificent resorts, signature golf courses and tropical climate, tourists flock to the Bahamas in droves every year, but as savvy investors know, there is much more to this archipelago than whitesand beaches.
As the Bahaman economy's second-largest contributor after tourism, the financial services sector boasts 277 licensed banks and trust companies attracting offshore business from mainly Canadian, Swiss and US institutions. Supervised by the Central Bank of the Bahamas, the sector offers international business companies a vast range of funds and investment options. No taxes are levied on personal income, capital gains, corporate earnings, sales, inheritance or dividends.
Two innocent men who recently had their wrongful conviction in Zhejiang province overturned after 10 years in jail are still uncertain about when to apply for state indemnity, although they were informed by the court that it is their right to make the claim more than two weeks ago, their lawyer said on Tuesday.
Beijing prosecutors called on banks to review credit card applications more carefully, a move prompted by a recent spike in fraud.
The theft of credit card holders' personal information has become a growing problem, prosecutors said at a conference in Beijing.
"No one can rob historic relics from other countries and display them in the museums of their homelands."
Chinese cultural heritage authorities announced the 10 most important archaeological discoveries in 2012 on Tuesday, with the earliest dating back to the Paleolithic era.
Beijing traffic chiefs have vowed to crack down on jaywalkers. From this week, people who do not wait for the "green man" signal to cross at intersections will receive on-the-spot fines of 10 yuan ($1.60).
"I've not received any notification about the fine. I learned about it from the media, but publicity is not enough. Newspapers, TV, radio and neighborhood committees promote traffic rules. Some people know about them, some don't."
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Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan
