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House of Fraser sold to Chinese retail giant

Department store chain House of Fraser has sold a majority stake in its business to Chinese conglomerate Sanpower in a deal worth £480 million.

House of Fraser on Oxford Street in Central London Credit: PA Wire

The Chinese retail giant acquired a 89% stake in the 165-year-old brand's UK and Ireland department stores through its Nanjing Cenbest subsidiary.

Its announcement comes after reports last week that Sports Direct tycoon Mike Ashley had bought an 11% stake in the business in an attempt to derail the deal with the Chinese.

GlaxoSmithKline investigating Iraq corruption claims

British drugs giant GlaxoSmithKline is investigating allegations of corruption in Iraq, after claims emerged that it hired 16 state-employed doctors and pharmacists as sales representatives while they worked for the government.

UK pharma giant GSK said they are investigating claims of improper conduct in their Iraq offices. Credit: Reuters

The new allegations of corruption come just months after a major scandal in China, when 18 employees were detained on bribery charges.

Read: Chinese police detain 18 in GlaxoSmithKline probe

Details of the new allegations were sent to the company earlier this year, the Wall Street Journal reports. In a statement, GlaxoSmithKline said:

"We are investigating allegations of improper conduct in our Iraq business. We have zero tolerance for unethical or illegal behaviour.

"In total, we employ fewer than 60 people in Iraq in our pharmaceuticals operation and these allegations relate to a small number of individuals in the country."

More: GSK experiencing a little local difficulty in China


Chinese planes 'spot white, red and orange objects'

Chinese aircraft spotted three suspicious objects in a new search area for the missing Malaysia Airlines jet off Australia's west coast, Xinhua news agency reported.

The items are white, red and orange respectively, according to the report.


Chinese navy vessel Jinggangshan reaches new targeted waters early Sat, in search for #MH370


The southern Indian Ocean is now the main focus of the search, where unidentified pieces of debris have been spotted by New Zealand and Australian air force planes.

MH370 families protest at Malaysian Embassy in Beijing

by - China Correspondent

Buses transporting Chinese family members of #mh370 passengers, heading to protest at Malaysian Embassy.


Heavy police presence outside Malaysian Embassy in preparation for #mh370 family members' protest



Chinese search plane finds 'suspicious objects'

The Chinese state news agency Xinhua reported that search planes have found "suspicious objects" in the search for the missing Malaysian Airlines plane.

A statement said: "The crew of a Chinese IL-76 plane spotted some suspicious objects in the southern Indian Ocean on Monday while searching for missing Malaysia Airlines Flight MH370 off Australia."

Michelle Obama backs education during China trip

First Lady Michelle Obama held a roundtable with Chinese educators on the topic of education at the US Embassy in Beijing.

Obama delivered a speech at Peking University and sat down for talks with students from China and US on Saturday, part of her visit with an aim for promoting education and cultural exchanges between the two countries.

As a Harvard-educated lawyer, Obama said her parents passed on the importance of education to her.

Read: Michelle Obama backs free speech on China visit

Daughters join Michelle Obama on Summer Palace visit

US First Lady Michelle Obama and her daughters, Sasha and Malia, paid a visit to Beijing's Summer Palace today during her official week-long visit to China.

US First Lady Michelle Obama and her daughters Malia and Sasha visit the Summer Palace in Beijing.
US First Lady Michelle Obama and her daughters Malia and Sasha visit the Summer Palace in Beijing. Credit: REUTERS/Petar Kujundzic
Policemen stand guard as visitors take pictures of Michelle Obama, Sasha and Malia.
Policemen stand guard as visitors take pictures of Michelle Obama, Sasha and Malia. Credit: REUTERS/Petar Kujundzic

China sends ships to investigate object in search area

Chinese satellites have spotted an object floating in the southern search area for the missing Malaysia Airlines plane and has sent ships to investigate, Malaysia's transport minister has announced.

"Chinese ships have been dispatched to the area. Beijing is expected to make an announcement in a few hours," Hishammuddin Hussein told reporters.

Read: China 'locates large object in Malaysia jet search

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