Six people in Hanoi are being investigated for running a group selling young, vulnerable girls to massage and karaoke parlors. Tran Van Huy, 19, the mastermind, Hoang Van Cuong, 23, Bui Viet Trung, 25 and Vu Hong Quan, Dinh Thanh Tuong and Duong Tuan Cuong, all 20, are being investigated …
Read More »For oil refiners, now is the summer of distillate content
Refiners are planning to spend the increasing jet fuel and diesel production instead of gasoline, traders and analysts said. That is unusual and exemplifies the topsy-turvy nature of the global oil markets. Refining crude oil into diesel or jet fuel is currently more profitable than making gasoline due to an …
Read More »Big business joins forces to bridge Germany’s growing skills gap
Germany’s industrial heavyweights are teaming up to retrain workers in some areas to fill the skill gap and avoid layoffs as the economy shifts to clean energy and online shopping. More than 36 major companies, ranging from auto suppliers such as Continental and Bosch to industrial firms BASF and Siemens, …
Read More »Hong Kong ship gets stuck under Hai Phong bridge
A Hong Kong ship got stuck in the underside of a bridge in the northern city of Hai Phong after its engine died on Thursday. The Outrivaling 3, spanning over 118 m with full capacity at 12,088 tons, rammed into the Hoang Van Thu Bridge in Hai Phong’s Hong Bang …
Read More »Development finance system needs urgent reforms, more money, to stave off disaster: public, private groups
The global development finance system needs reforms and more capital to address the overlapping crises that are pushing 250 million people back into poverty, major public and private groups said. The statement, signed by Woochong Um, managing director general of the Asian Development Bank, former British Prime Minister Gordon Brown, …
Read More »Japan banks target growth in cooling US high-yield debt market
When Japan’s biggest banks helped finance a $34 billion deal last year for medical supply maker Medline, the famously cautious lenders signalled their ambitions in riskier, low-grade US debt. Mitsubishi UFJ Financial Group Inc, Mizuho Financial Group Inc and Sumitomo Mitsui Financial Group Inc, eagerly hunting yield abroad after years …
Read More »Warner Bros Discovery to shut down CNN+ streaming service
Warner Bros Discovery announced on Thursday it would shut down its CNN+ streaming news service less than a month after its highly touted launch. The service, which sought to capitalize on the popularity of streaming video and the growth of digital news subscriptions, will cease operations on April 30. The …
Read More »HCMC mulls more metro, light rail routes
The HCMC Transport Department has proposed adding more metro lines and light rail services to enhance connectivity to ports and airports. In a proposal sent recently to the Department of Planning and Architecture, the transport department said the additional routes will help the city’s traffic network keep up with the …
Read More »Blackout to aid egg-laying turtles on Con Dao
Con Dao National Park off the southern coast has requested turning off surveillance camera lights on an island to not affect egg-laying turtles. Nguyen Khac Pho, director of Con Dao National Park, on Wednesday said surveillance cameras were installed about a week ago in several locations to protect seafood resources …
Read More »South Korean Olympians awarded ‘chicken pension’
South Korea’s two Olympic gold medallists have been awarded free fried chicken for life to celebrate their achievements at the Beijing Winter Games this year. Yoon Hong-geun, head of South Korea’s Olympic delegation, had promised athletes a “chicken pension” if they won gold. Fried chicken is one of the most …
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