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Search resuls for: "Lan Ha"


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Vietnamese real-estate tycoon Truong My Lan was sentenced to death for her role in a $12.5 billion fraud case. Lan's fraud case is part of Communist Party Secretary Nguyen Phu Trong's corruption crackdown. Lan, the chairwoman of real-estate developer Van Thinh Phat Group, was arrested in 2022 over the fraud case. AdvertisementThe high-profile fraud case has scandalized the country and is raising questions about the one-party state. For context on the scale of the Vietnam fraud case, consider the 1MDB case, which rocked Malaysia and the world when it started to unravel in 2015.
Persons: Truong, Lan, Communist Party Secretary Nguyen Phu, , Van Thinh, Zachary Abuza, Trang Bui, Bui Organizations: Communist Party Secretary, Service, Prosecutors, Vietnamese Communist Party, National War College, Washington DC, Bloomberg, Cushman, Nikkei Locations: Vietnam, China, Malaysia, Malaysian, Hanoi, Washington, Wakefield
Typhoon Lan makes landfall in western Japan, threatens damage
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +1 min
Approaching from the Pacific Ocean, Typhoon Lan made landfall at the southern tip of Wakayama prefecture, some 400 km (250 miles) southwest of Tokyo. The typhoon, which followed closely on the heels of Typhoon Khanun during Japan's peak Obon holiday season, lashed wide swathes of central and western Japan with heavy rains and powerful winds. Anticipating the dangerous levels of winds and rains a day earlier, high-speed train operators had also planned suspensions of services affecting the area. Typhoon Lan had sustained winds of 150 kph (93 mph) and was moving northwest across the western part of the main island of Honshu as of 0000 GMT. It was forecast to reach the Sea of Japan by early Wednesday and continue north along the sea, according to Japan's weather agency.
Persons: Typhoon Lan, Khanun, Chang, Kim, Shri Navaratnam Organizations: Toyota Motor Corp, NHK, Toyota Motor, Thomson Locations: Japan, Wakayama prefecture, Tokyo, Mie, Osaka, Tokai, Typhoon, Honshu
Is it time to worry about stagflation?
  + stars: | 2023-08-10 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +8 min
CNN —For the past two years, economists have been worrying about the risks of high inflation rates. But far less attention has been given to inflation’s sibling: stagflation. Stagflation is the combination of high inflation and a slowing economy. The current state of stagflation: Last year, then-World Bank President David Malpass warned that stagflation risks were high because of supply chain disruptions stemming from lockdowns in China and bans on Russian oil. What’s happening now: The risk of stagflation varies significantly across different regions of the globe.
Persons: Stagflation, David Malpass, Janet Yellen, , Lan Ha, stagflation, Andrew Kenningham, , That’s, ” Kenningham, ” Ha, Ha, Parija Kavilanz, don’t, Dallin Hatch, Biden, Joe Biden, Trump, Matt Egan, It’s Organizations: CNN Business, Bell, CNN, Federal, World Bank, Euromonitor, Capital Economics, Bank of England’s, National Institute of Economic, Social Research, Trump Locations: Israel, lockdowns, China, Europe, Germany, Ukraine, Saudi Arabia
The broken commitment, which has not previously been reported, highlights the struggles of Mexico's oil regulator to rein in Pemex, a powerful state monopoly that is always closely connected to the government. The oil company has in recent quarterly reports stressed it was making efforts to clean up its operations and bring down flaring and other waste. Earlier this year, under increasing international criticism, Lopez Obrador said Pemex would invest $2 billion to improve infrastructure to reduce flaring and methane emissions. The regulator said in 2020 the company wasted 37.7% of the gas from Ku alone through flaring, venting or otherwise. One source said the regulator fined Pemex again for recurrence in 2021 but the oil company started legal proceedings to annul the fine, which are still pending.
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