Showing 1 - 10 of 228
Vietnam tycoon given death for $12.5bn fraud
Published on 11/04/2024
» HANOI - A court in Vietnam on Thursday sentenced real estate tycoon Truong My Lan to death for her role in a $12.5-billion financial fraud case, the country’s biggest on record,
Property tycoon ‘embezzled $12bn’ in Vietnam’s biggest fraud case
Published on 03/03/2024
» For several years, Truong My Lan held meetings on the 39th floor of the sleek Times Square tower in the heart of Vietnam’s commercial hub, Ho Chi Minh City. There, in a room that acted as her command centre, she allegedly wove a $12 billion tapestry of fraud and corruption, according to the police reports that form the basis of a court case against her.
North Korea to welcome first tourists in 4 years
Published on 12/01/2024
» North Korea is preparing to allow the first group of tourists to visit the country since it shut its borders at the start of the pandemic in 2020, in a sign of opening that could be followed by a football match against Japan’s national women’s team.
Vietnam to extend anti-graft drive amid real estate fraud worth 3% of GDP
Published on 23/11/2023
» HANOI: Vietnam's top leader vowed to extend "for the long-term" an anti-corruption campaign that has had a chilling effect on the economy, after police revealed financial scandals in the real estate sector worth more than 3% of gross domestic product.
Paris business district looks to students to replace workers
AFP, Published on 08/11/2023
» PARIS - With companies cutting back on office space as working from home remains popular, Europe's biggest business district is looking to students to fill the void left by workers.
China finance giant’s missed payments alarm regulators, markets
Bloomberg News, Published on 14/08/2023
» NEW YORK - One of China’s largest private wealth managers has triggered fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield investment products.
UN: Asean must hold Myanmar junta accountable
Published on 21/06/2023
» JAKARTA: Southeast Asian neighbours of conflict-riven Myanmar must consider imposing measures to hold its military rulers accountable, a United Nations expert said on Wednesday, adding the bloc is “deadlocked” over how to resolve the ongoing crisis.
Difficult times bring Russia and Cuba closer together
AFP, Published on 26/05/2023
» HAVANA: For the first time since the breakup of the Soviet Union, Russia is taking an intense interest in Cuba as Moscow has become increasingly isolated over its invasion of Ukraine.
Ethiopia removes rebel Tigray party from terror list
AFP, Published on 22/03/2023
» ADDIS ABABA: Ethiopia's parliament on Wednesday removed the rebel Tigray People's Liberation Front (TPLF) from an official list of terrorist groups, a key step in the peace process following the two-year conflict in the country's north.
SVB's demise: Why didn't US bank regulators see it coming?
AFP, Published on 14/03/2023
» NEW YORK - With hindsight, there were warning signs ahead of last week's spectacular collapse of Silicon Valley Bank, missed not only by investors, but by bank regulators.