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UK court issues arrest warrant for Mukhtar Ablyazov, Kazakh billionaire accused of massive fraud

Britain's High Court has issued an arrest warrant for Mukhtar Ablyazov, the Kazakh billionaire and former BTA bank chairman accused of committing one of the world’s biggest ever frauds.

Tsuyoshi Kikukawa, Olympus ex-chair, and six others arrested in $1.7B fraud probe

Tsuyoshi Kikukawa, who resigned as chairman in October after heading up Olympus for 10 years, was taken into police custody.

Thirteen nations to crack down on criminals who smuggle tiger parts

Tiger trading is already illegal, but authorities agreed that smugglers should receive harsher punishments.

Chinese Premier Wen Jiabao promises help to tackle EU debt crisis

Europe is China’s largest trading partner, with trade worth around $740 billion flowing between the two in 2011. Last week the IMF warned that an escalation of the EU debt crisis could halve China’s growth rates.

Samsung boss sued by brother over inheritance

Lee Kun-Hee is accused of keeping eight million shares in Samsung Life Insurance and 20 shares in Samsung Electronics for himself.

Turkmenistan votes in presidential election

Seven candidates are running against the current president, but all are loyal members of the authoritarian, Central Asian nation’s elite, and have made praise of Turkmenistan’s leadership a central pillar of their campaigns.

Chinese exports and imports fall for first time since 2008 crisis

The sharper-than-expected plunge in imports reflects a weakening property sector and a pulling back of infrastructure building in China.

Badar Mansoor, Al Qaeda leader in Pakistan, killed in US drone strike

Badar Mansoor moved between the militant groups of Harkat-ul-Mujahideen, the Pakistani Taliban and Al Qaeda, and is believed to have planned the May 2010 suicide attack against Pakistan’s Ahmadi Muslim minority in Lahore in which up to 90 people died.

India ministers resign over mobile phone porn scandal

Three government ministers in the southern Indian state of Karnataka resigned on Wednesday after two of them were accused of watching a pornographic video on the third official’s mobile phone during a state assembly session.
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