Employment Law

TAIPEI/HONG KONG — Embattled Chinese tech flagship Tsinghua Unigroup confirmed Friday that one of its creditors has asked a court to begin bankruptcy proceedings for the group, in the latest setback to China’s goal of building a self-reliant semiconductor industry. State-backed Tsinghua Unigroup — the parent company of many chipmakers, including China’s No. 2 mobile
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The Boys Scouts of America more than doubled its initial offer of compensation to sexually abused Scouts late Thursday to $850 million, setting the stage for an historic settlement as part of the youth organization’s bankruptcy proceedings. The offer comes more than a year after the nonprofit group filed for bankruptcy as it faced 275 abuse lawsuits and 1,400 potential
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