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Official says China considers raising caps on damages for IP violations as it seeks innovation

SHANGHAI – China is considering raising its notoriously low limits on damages for intellectual property violations and strengthening litigation on trade secret theft, a Shanghai city official said Tuesday. The comments by Lyu Guoqiang, commissioner of Shanghai’s Intellectual Property Office, echo an action plan issued in December by the State …

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Spanish tax officials search home of ex-IMF chief and former prominent politician Rato

MADRID – Spanish authorities say tax inspectors have searched the home of Rodrigo Rato, a former head of the International Monetary Fund and one-time senior member of government in Spain. The Madrid regional court said in a statement Thursday that a judge granted a request from the tax authorities to …

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India seizes boat in international waters suspected of smuggling drugs, detains 8 Pakistanis

NEW DELHI – India’s navy and coast guard seized a suspicious boat from international waters off the western coast and detained eight Pakistanis after finding a huge drug shipment aboard, the defense ministry said Tuesday. Authorities believe the 232 packets of drugs found aboard the boat are heroin worth more …

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