Wednesday, 9 Oct 2024

Asia

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Carlos Ghosn: The allegations and the rebuttals in the case of the ex-Nissan chairman

TOKYO (AFP) – Once a revered titan of the auto industry, Carlos Ghosn appeared in a Tokyo courtroom on Tuesday (Jan 8) in handcuffs to offer his first public statement since his arrest. Here are some of the allegations against Ghosn and the public rebuttals he offered in court: Under-reporting compensation Prosecutors allege that Ghosn, […]

China offered to bail out Malaysia's 1MDB fund, says WSJ report

WASHINGTON (BLOOMBERG) – Senior Chinese leaders offered to help bail out Malaysia’s state-owned 1MDB investment fund in 2016, the Wall Street Journal reported, citing minutes from meetings it reviewed. Chinese officials told visiting Malaysians that China would use its influence to try and get the US and other countries to drop probes of allegations that […]

Chinese scientist criticised for risking "gene-edited" babies' lives

LONDON (REUTERS) – A leading geneticist who ran the conference where a Chinese scientist said he had made the world’s first “gene-edited” babies condemned him on Monday (Jan 7) for potentially jeopardising lives and having no biology training. Robin Lovell-Badge, organiser of the November 2018 event where China’s He Jiankui made his controversial presentation, described […]

North Korean Leader Kim Jong-un May Be Visiting China

SEOUL, South Korea — A train possibly carrying the North Korean leader, Kim Jong-un, entered China on Monday, the South Korean news media reported, stoking speculation of a face-to-face meeting with President Xi Jinping before Mr. Kim’s second summit meeting planned with President Trump. The train, which appeared to be transporting a senior North Korean […]

World Bank's Kim to resign effective February 1, work on infrastructure

WASHINGTON (Reuters) – World Bank Group President Jim Yong Kim, who was at odds with the Trump administration’s policies on climate change, will resign effective Feb. 1, more than three years ahead of his term’s expiration, the multilateral lender said on Monday. Kim, 59, a physician and public health advocate, was nominated by former U.S. […]

Funds to cut equity allocations in 2019: Blackrock survey

LONDON (Reuters) – Global investors are shoring up portfolios against economic downturn, with plans to cut allocation to publicly listed equities in 2019 in favor of assets such as private equity and real estate, according to the results of a BlackRock survey. Over half the 230 institutions managing $7 trillion of inevitable assets surveyed by […]

Sri Lanka court refuses to test President Sirisena's sanity

COLOMBO (AFP) – A Sri Lanka court on Monday (Jan 7) rejected calls to subject the President to a mental health examination after he sacked a former ally, dissolved Parliament and plunged the country into crisis. The Court of Appeal rejected a petition to force Mr Maithripala Sirisena before a panel of psychiatrists to scrutinise […]

Platinium Dogs Club operator arrested by AVA, dogs reunited with several owners

SINGAPORE – The Agri-Food and Veterinary Authority of Singapore (AVA) has arrested the operator of pet boarding facility Platinium Dogs Club, Senior Parliamentary Secretary for Home Affairs and National Development Sun Xueling said in a Facebook post on Monday (Jan 7). In her post, Ms Sun said that the operator is assisting with AVA’s investigations […]

US-China trade talks begin in Beijing, boosting markets

BEIJING – Trade talks between China and the United States are proceeding as planned, and both sides want to work together to reach an agreement on trade, the Chinese Foreign Ministry said on Monday (Jan 7). The start of the talks in the Chinese capital also buoyed investor sentiment, with Asian stock markets registering gains. […]