Business

Brazil said that it has recovered $125 million that has been channelled to overseas banks through corrupt businessmen, politicians, and other government officials.

Following the scandal in fuel mileage data, it seems Mitsubishi Motors Corp. has to skip its earning forecast for the current financial year. While the company's shares have already lost one-third of its market value.

Apple has been forced to shut down its iBooks and iTunes Movies Services since last week, following stringent Chinese laws for regulating web contents. However, the shutting down has been made following a 2008 rule that restricts foreign ownership of any enterprise involved in broadcasting movie contents inside Chinese territory. Industry insiders have expressed their surprise how Apple has been allowed to operate in China despite the existence of such law.