Steve Bannon, a key associate of former President Donald Trump and an influential figure on the American right, was convicted on Friday of contempt of Congress for defying a subpoena from the committee investigating last year’s attack on the U.S. Capitol, a major victory for the Democratic-led panel. A jury …
Read More »PM requests Japan’s help for north-south high speed railway
Prime Minister Pham Minh Chinh on Friday requested the Japan Bank for International Cooperation (JBIC) to support Vietnam in building a north-south high speed railway. Receiving JBIC chairman Maeda Tadashi in Hanoi on Friday, Chinh said development of the rail route can be done in multiple parts and lessons learned …
Read More »New Hanoi Chairman sets three breakthrough priorities
Tran Sy Thanh, the new Hanoi People’s Committee Chairman, says he will prioritize breakthroughs in three areas: infrastructure, institutions and human resources. Speaking Friday afternoon after being elected to the position for the 2021-2026 term, Thanh said his first priority would be to modernize and develop quickly and synchronously the …
Read More »Heatwaves to menace China as almanac’s ‘big heat’ day looms
China will suffer the return of more heatwaves over the next 10 days from east to west, with some coastal cities already on their highest alert level. A sharp temperature spike is expected on Saturday, before building up into heatwaves, defined as periods of atypically hot weather of three days …
Read More »Hanoi appoints new chairman after dismissing scandalous predecessor
Tran Sy Thanh, auditor general of State Audit Office, was voted new chairman of Hanoi for the 2021-2026 term at a Hanoi legislators’ meeting Friday. Thanh, 51, will succeed Chu Ngoc Anh, who had been sacked during a Covid-19 test kit scandal. The Politburo, the highest body of the Communist …
Read More »Five fishermen from sunken vessel rescued after 12 days at sea
Five more fishermen from a sunken vessel were rescued Friday by a cargo ship after drifting 12 days at sea, three days after four fellow crew members were saved. The five, Bui Van Toan, 50, Nguyen Van My, 58, Bui Van Vinh, 42, Le Van Dung, 36 and Nguyen Thanh …
Read More »Global slowdown fears darken prospects for Asian factories
Worries over a global slowdown are casting a shadow over Asia’s recovery prospects with factory activity growth slowing in Japan and Australia. This is keeping pressure on policymakers to support their economies while tightening monetary policy to combat inflation. Japan’s manufacturing activity grew at the slowest pace in 10 months …
Read More »US Supreme Court declines to allow Biden’s shift on immigration enforcement
The US Supreme Court on Thursday declined to reinstate President Joe Biden’s policy shifting the focus of America’s immigration enforcement toward public safety threats. It handed a victory to Texas and Louisiana as they challenge a plan they call unlawful. The justices on a 5-4 vote denied the Biden administration’s …
Read More »Dollar-strapped Argentina to loosen foreign exchange rules for tourists
Argentina will allow foreign tourists to exchange dollars at a significantly higher rate than previously available as the country reckons with depleted foreign currency reserves. “Argentina needs the dollars brought in by tourists,” Minister of Tourism Matias Lammens told journalists on Wednesday before the measure was announced. “Today, due to …
Read More »Snap’s report incinerates $80 billion in ad industry market cap
Facebook-owner Meta Platforms, Google-owner Alphabet and other companies that sell online ads lost about $80 billion in combined stock market value. Slammed by a weakening economy, increased competition from TikTok and recent privacy changes on iPhones, the Snapchat owner missed second-quarter revenue targets and warned that “forward-looking visibility remains incredibly …
Read More »