China launches first class-action lawsuit in war against corporate fraud

SHANGHAI: China launched the country’s first class-action lawsuit against a listed company on Friday, targeting Kangmei Pharmaceutical Co, as regulators vowed “zero tolerance” against accounting fraud and other capital markets “tumors”. The China Securities Investor Service Centre (CSISC), a government-affiliated body, is suing Kangmei on...


Covid-19 pushes India’s middle class toward poverty

  Karan Deep Singh and Hari Kumar Ashish Anand had dreams of becoming a fashion designer. A former flight attendant, he borrowed from relatives and poured his $5,000 life savings into opening a clothing shop on the outskirts of Delhi selling custom-designed suits, shirts and pants....