Monday, 30 Sep 2024

Asia

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India's Modi government releases budget to get growth back up, plans structural reforms

NEW DELHI (REUTERS) – Indian Prime Minister Narendra Modi’s government unveiled the budget for 2019/2020 on Friday (July 5), seeking to reverse weakening growth and investment that threaten to take the shine off a recent landslide election victory. Finance Minister Nirmala Sitharaman, presenting the annual budget statement to Parliament, said the government planned structural reforms […]

India's Modi govt releases budget to get growth back up, plans structural reforms

NEW DELHI (Reuters) – India Prime Minister Narendra Modi’s government unveiled the budget for 2019/2020 on Friday, seeking to reverse weakening growth and investment that threaten to take the shine off a recent landslide election victory. Finance Minister Nirmala Sitharaman, presenting the annual budget statement to parliament, said the government planned structural reforms to kickstart […]

Scammers hijack Japan’s 7-Eleven payment app

In a glaring security lapse, customers of 7-Eleven stores across Japan have lost millions of yen after scammers gained access to their online accounts. The store launched a smartphone app for cashless payments earlier this week without realising the security risk. Around 900 customers have had their accounts compromised and lost a combined 55 million […]

Going dark and fake voyages: The tricks used to dodge trade sanctions

SINGAPORE (BLOOMBERG) – As the US looks to enforce sanctions aimed at halting trade with states such as Iran and Venezuela, there’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Ships vanishing from tracking screens, clandestine transfers on the high seas and fake destinations are among some […]

Former Malaysian PM Najib's stepson Riza Aziz charged with money laundering

KUALA LUMPUR (REUTERS) – Malaysia on Friday (July 5) charged the Hollywood producer stepson of former prime minister Najib Razak with money laundering linked to state fund 1Malaysia Development Berhad (1MDB). Prosecutors brought five money-laundering charges against Riza Aziz, a co-founder of Hollywood production firm Red Granite Pictures, which was behind the Oscar-nominated film The […]

Pilot scheme to check on caregivers' emotional well-being

Madam Janet Ong, a 78-year-old housewife, spent five years caring for her husband after he was stricken by dementia. “My late husband got lost quite a few times while he was out – I often worried about where he was and sometimes I cried at night out of stress. But I didn’t ask people to […]

China and Britain locked in war of words over Hong Kong

China and Britain are locked in a worsening diplomatic row over Hong Kong, after the United Kingdom summoned the Chinese ambassador and repeated its warning of serious consequences if Beijing defied the “one country, two systems” agreement. Foreign Secretary Jeremy Hunt yesterday denied that he backed the violent protest in the city on Monday night, […]

Deutsche Bank plans separate 'corporate bank' unit as part of overhaul: report

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) is planning to create a separate “corporate bank” unit that will include its transaction banking activities, the Sueddeutsche Zeitung reported on Thursday. The division will have a seat on the board, the paper said, citing internal documents. Currently, the transaction bank is part of the investment bank, which will […]