Raging Demand for Tutoring Makes Math Teacher a Billionaire

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Raging Demand for Tutoring Makes Math Teacher a Billionaire

It's all adding up for Liu Yachao. The chief operating officer of TAL Education Group, a Beijing-based provider of tutoring services for Chinese students in core academic subjects, became the company's second billionaire as its stock more than doubled in the past year. Chinese parents are spending an
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Philip Morris Stock Sees Worst Day in a Decade on Declining Cigarette Volume

Shares of tobacco companies tumbled after Philip Morris International Inc. PM -15.58% said cigarette shipments fell more than expected and sales for its cigarette alternative started to stall in a key market—raising wider alarm about the health of the …
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Australia Defends South China Sea Presence Amid Challenge Report

Australian leader Malcolm Turnbull says his navy has a “perfect right” to conduct freedom of navigation exercises in the South China Sea after a media report said three of his frigates had been challenged by Chinese forces. “We maintain and practice the right of freedom of navigation and overflight
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China's ZTE slams US ban on sales, says company's survival at risk

HONG KONG (Reuters) – China's ZTE Corp (0763.HK) (000063.SZ) said on Friday that a U.S. ban on the sale of parts and software to the company was unfair and threatens its survival, and vowed to safeguard its interests through all legal means.
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Accounting regulator cuts pension scheme levy, warns of future rises

The UK's Financial Reporting Council (FRC) is to reduce the payments it requests from pension schemes and insurers to fund its oversight work. The watchdog said it was able to cut its levy requests for the year 2018-19 because it had “collected more than originally estimated” through its pension and
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