Chinese 'cult' leader gets life sentence
SHANGHAI • A Chinese court has sentenced the leader of a religious sect, labelled a cult by the authorities, to life in prison on several charges, said an official statement. Three of his followers were also jailed.
The court in southern Zhuhai city also fined Wu Zeheng, head of the "Huazang Zongmen" sect, over 7 million yuan (S$1.6 million) on Friday.
Porsche to recall 60,000 vehicles
BERLIN • Porsche said on Friday it would recall close to 60,000 vehicles worldwide due to risks of engine leaks.
The luxury arm of troubled car giant Volkswagen said the recall would apply to its Macan S and Macan Turbo models.
17 killed in China building collapse
SHANGHAI • The collapse of a residential building in central China has killed 17 construction workers and hurt another 23, state media said yesterday, sparking fresh concern over poor regulation.
The 1990s building in Henan province collapsed on Friday during a project to add more levels to the two-storey building, state media said.
Beijing may ease curbs on investing overseas
BEIJING • China is considering relaxing limits to let individuals invest abroad in stocks and property, said the central bank, potentially unleashing a flood of money if the government loosens strict capital controls.
The government keeps a tight grip on fund outflows due to fears capital flight could disrupt the economy and weaken its control.