Surging food and construction costs drove Vietnam's inflation rate to 25.2 percent this month, the highest in more than a decade, the government said yesterday.

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SIBLING RIVALRY: Walter Kwok, former chairman of Hong Kong's biggest developer, said his brothers claimed he suffered from mental illness to remove him
Sun Hung Kai Properties Ltd (新鴻基地產), Hong Kong's biggest developer, replaced chairman Walter Kwok (郭炳湘) with his mother, seeking to end a feud that has gripped the city and split its second-richest family.

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Infineon Technologies AG said on Monday that its chief executive, Wolfgang Ziebart, will leave the company at the end of the month over what it said was a difference in strategy for the money-losing semiconductor maker.

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China’s Sinosteel Corp (中國中鋼) said yesterday it was examining a rival bid for Australian iron ore miner Midwest, arguing its own proposal offered “the certainty of cash in a challenging environment.”

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Europe's largest telecommunications operator was yesterday forced to issue words of assurance on Monday to its millions of customers that their personal data remained secure, after reports that the company hired a surveillance firm to spy on its employees' telephone conversations.

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■ ECONOMY