The digital economy is carving out new divides between capital and labor, by allowing one company, or a small number of companies, to capture an increasingly large market share. With "superstar" companies operating globally, and dominating markets in multiple countries simultaneously, market concentration in G20 economies has increased considerably in the past 15 years.
Hideo Onishi, a lawmaker from Japan's ruling Liberal Democratic Party, has taken a lot of heat for his remark denigrating cancer patients. LDP lawmaker Junko Mihara had said passive smoking causes pain to employees with cancer during a party discussion on May 15 to regulate passive smoking in Japan's restaurants. In an apparent response, Onishi said cancer patients "do not have to work".
BROOKHAVEN, Mississippi - A man who got into an argument with his estranged wife and her family over his children was arrested in a house-to-house shooting rampage in rural Mississippi that left eight people dead, including his mother-in-law and a sheriff's deputy.
MANCHESTER - Britain's MI5 intelligence service launched an internal inquiry on Monday into whether vital clues were missed in the run-up to the Manchester suicide bombing, as police arrested another man in connection with the attack.
CANBERRA, Australia - A 73-year-old Australian fisherman said on Monday that he caught a far bigger fish than he hoped for when a 2.7-meter great white shark leapt into his boat, knocking him off his feet.
President Xi Jinping sent a message of condolence to his Sri Lankan counterpart Maithripala Sirisena on Sunday after flooding and a landslide left more than 150 people dead.
US chip giant Qualcomm Inc announced on Friday it will set up a new joint venture in China to build chips for entry-level smartphones, in a move to complement its existing high-end product portfolios.
Concerns about China's financial stability are somewhat exaggerated and there is no need to read too much into a single agency's revised view of the economy, a number of leading credit rating experts said on Friday.
US-based investment company Vanguard Group Inc launched its wholly foreign-owned enterprise in the China (Shanghai) Free Trade Zone on Thursday.
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