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China's Country Garden says 'major uncertainties' over bond payments
China's Country Garden says 'major uncertainties' over bond payments
Business and Economy
by  AFP

China's troubled property giant Country Garden said Wednesday there were "major uncertainties" over payments on its bonds, with fears swirling about the health of the country's heavily indebted real estate sector. "There are currently major uncertainties in the redemption of corporate bonds," the company said in a filing to the Shanghai stock exchange on Wednesday.

Bank of Ireland apologises for 'free money' tech glitch
Bank of Ireland apologises for 'free money' tech glitch
Business and Economy
by  AFP

Bank of Ireland apologised on Wednesday after fixing a technical issue that allowed customers to withdraw or transfer more money than was in their accounts. The bank warned customers that withdrawals and transfers, including those over normal limits, would be debited from accounts, potentially tipping them into costly overdrafts.

German govt okays plan to legalise recreational cannabis
German govt okays plan to legalise recreational cannabis
Business and Economy
by  AFP

The German government approved a draft law Wednesday legalising the purchase and possession of small amounts of cannabis for recreational use, despite criticism from opposition politicians and judges. The German Judges Association meanwhile said the legislation would create more red tape and add more stress to the judicial system, rather than relieving it.