Friday, October 22, 2021

Economy

Former Khanh Hoa deputy chairman arrested for land violations

A former deputy chairman of Khanh Hoa Province was arrested Thursday for handing over land plots to businesses without bids, costing the state hundreds of billions of dong (VND1 billion = $43,000). Dao Cong Thien, 59, was arrested by the Khanh Hoa anti-corruption police to be investigated for violating land management regulations. Vo Tan Thai, […]

Arrest of former Director of Construction Department on Bribery!!

KHANH HOA – Like the former leaders of Khanh Hoa province who were prosecuted before, the former director of this province’s Department of Construction was arrested on charges of making a mistake when allocating land to businesses “causing budget loss.” According to Tuoi Tre newspaper, on the afternoon of September 17, the Khanh Hoa Provincial Public […]

After sanctions, Huawei turning to businesses less reliant on high-end U.S. tech

© Reuters. Huawei logo at Huawei Technologies France in Boulogne-Billancourt By David Kirton SHENZHEN, China (Reuters) -Chinese telecoms equipment maker Huawei Technologies is making business resilience its top priority with a push to develop its software capabilities as it seeks to overcome U.S. restrictions that have devastated its smartphone business. Huawei was put on an […]

Commodities & Futures

Oil falls on fears faltering economic growth to hit demand

© Reuters. FILE PHOTO: A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. REUTERS/Max Rossi By Noah Browning LONDON (Reuters) -Oil prices edged down on Wednesday as expectations grew that demand growth will fall as inflation and supply chain issues strain major economies, though surging prices for power generation […]

U.S. to waive sanctions on firm, CEO behind Russia’s Nord Stream 2 pipeline -source

© Reuters. FILE PHOTO: A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. REUTERS/Hannibal Hanschke/File Photo MOSCOW (Reuters) – Russian officials on Wednesday said Moscow’s fraught ties with Washington could benefit from the waiving of U.S. sanctions on the company in charge of […]

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