August 24th, 2012
07:35 AM GMT
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(CNN) – A South Korea court ruled that both Apple and Samsung violated each other’s patents, in a case that mimics legal battles between the electronics giants around the world.

The Seoul District Court ruled that Samsung must pay $33,350 for infringing two of the intellectual property rights for Apple’s iPhone and iPad. Apple was found to have infringed Samsung’s Wi-Fi technology, and must pay $22,000 in damages.

The court banned sales in South Korea of Apple’s iPhone 4 and iPad 2, Samsung’s Galaxy SII and Galaxy Nexus smartphones and Galaxy Tab and Galaxy 10.1 tablet computers.
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August 24th, 2012
07:30 AM GMT
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Hong Kong (CNN) - A group representing international companies in China has warned members that police in Beijing, Hebei and Shandong have required international firms to purchase Internet monitoring devices or risk having their connections cut.

The Quality Brands Protection Committee (QBPC), a group aimed at safeguarding intellectual property rights in China, sent an email to its 216 members late last month warning of the police visits, saying it "would cause serious concerns from our members."

The emailed alert, copies of which were provided to CNN, raise particular concerns for international businesses operating in China because many companies often use private networks that allow employees to skirt China's so-called "Great Firewall" of censors. But, based on the QBPC alert, it appears firms in some areas are being asked to install a device within their private systems to track all internet activity– and that information must be made available to police, looking for "illegal activity."
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August 24th, 2012
02:31 AM GMT
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Hong Kong (CNN) – The glitz and prestige of New York’s 5th Avenue makes it one of the most famous streets on the planet. But a torrent of mainland China visitors and a rental war among global brands will soon push the property prices in Hong Kong’s Central district higher than New York’s most expensive address.

As CNN’s Ramy Inocencio reports, Colliers predicts that by 2014, the average retail space in Hong Kong’s Central district (pictured above, left) will eclipse the $2,600 square foot price of New York’s 5th Avenue (pictured above, right). Presently, the average price is about $1,800 per square foot in Central, but prices have been zooming higher as retail brands jostle for prime real estate in this tightly packed territory.
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