Alibaba founder Jack Ma has returned to China, the South China Morning Post (SCMP) reported on Monday, ending a more than year-long sojourn overseas that was viewed by industry as reflecting the sober mood of China’s private businesses. Ma, one of China’s best-known entrepreneurs, left mainland China in late 2021 …
Read More »First Citizens to acquire collapsed Silicon Valley Bank
U.S. bank First Citizens said Monday it has agreed to purchase much of Silicon Valley Bank, whose collapse this month sparked global fears about the sector. SVB, a key lender to the tech industry since the 1980s, became the biggest U.S. bank to fail since 2008. Regulators seized it after …
Read More »Vietnam, US agencies to produce documentary on Agent Orange remediation
The U.S. Institute of Peace is looking for Vietnamese filmmakers to lead the production of a documentary film on Agent Orange clean-up and its impacts on the community. The 40-45-minute film would feature the ongoing cleanup at Bien Hoa Airport in southern Vietnam, and its production would be joined by …
Read More »Ukraine’s Avdiivka becoming ‘post-apocalyptic’, city shuts down, official says
Russia is turning Ukraine’s Avdiivka into “a place from post-apocalyptic movies,” intensifying shelling and forcing a nearly full shutdown of the frontline city, the top local official said on Sunday. Some 2,000 civilians are left in Avdiivka, a Donetsk region city some 90 kilometers (56 miles) southwest of the besieged …
Read More »North Korea fires ballistic missile off its east coast, South Korea’s military says
North Korea fired two ballistic missiles into the sea off its east coast on Monday morning, South Korea’s military said, the latest in a series of launches amid military drills by the U.S. and South Korea. Japan’s Coast Guard said two projectiles believed to be North Korea-fired missiles fell in …
Read More »School bans on students dyeing hair divides opinion
Some people say banning students from dyeing hair and painting nails is overreach, while some educators contend such bans are necessary to foster education. When news of a high school teacher in Vinh Phuc cutting the hair of one of her students for dyeing made headlines earlier this week, the …
Read More »Police investigate viral video of 3-year-old smoking meth
Ho Chi Minh City police are investigating viral videos of a three-year-old boy smoking meth after being threatened by an unknown man. Police officers said on Sunday they are searching for the man in the videos, who is suspected of being the lover of the boy’s mother. The clips have …
Read More »IMF says risks to financial stability have increased, calls for vigilance
Risks to financial stability have increased, International Monetary Fund chief Kristalina Georgieva said in a speech delivered in Beijing on Sunday, calling for continued vigilance despite moves by advanced economies to calm market stress. The IMF managing director reiterated her view that 2023 would be another challenging year, with global …
Read More »Fire engulfs near Hanoi’s iconic Ngoc Son Temple
A fire broke out at a ticket counter about three meters from The Huc Bridge, which leads to Ngoc Son Temple, one of Hanoi’s most popular tourist attractions, on Saturday evening. The blaze was discovered at 6 p.m. At the time of the fire, there were still groups of tourists …
Read More »Mississippi tornado and storms kill at least 23
Rescuers combed through rubble on Saturday after a powerful storm tore across Mississippi overnight, killing at least 25 people there and another in Alabama, leveling dozens of buildings and spawning at least one devastating tornado. The tornado stayed on the ground for about an hour and cut a path of …
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