The Ho Chi Minh City Bar Association has removed the names of lawyers Dang Dinh Manh and Nguyen Van Mieng from its list of members, according to the Ho Chi Minh City Law Newspaper. The two had not paid membership fees for many years, the paper said in its Wednesday edition, adding that the decision to suspend them came into effect on April 5. Hinting at another reason for the Bar Association’s decision the paper added that the two lawyers had previously defended six members of the Peng Lei Buddhist…
Day: April 10, 2024
Weak China inflation data fuels concern over consumer demand
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s consumer prices edged higher in March against a year earlier, missing analysts’ forecasts and underlining the challenges for the world’s second-largest economy as it tries to boost domestic demand. China’s President Xi Jinping is trying to move the economy away from its debt-stricken real estate sector towards high-end manufacturing in a delicate transition that is leading to tensions with the US and Europe. The country’s consumer price index was…
China consumer prices edge higher
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s consumer prices edged higher in March against a year earlier, missing analysts’ forecasts and underlining the challenges for the world’s second-largest economy as it tries to boost domestic demand. China’s President Xi Jinping is trying to move the economy away from its debt-stricken real estate sector towards high-end manufacturing in a delicate transition that is leading to tensions with the US and Europe. The country’s consumer price index was…
South Korean opposition wins legislative election, deepens political deadlock
Seoul, South Korea — South Korea’s left-leaning opposition won a decisive victory in Wednesday’s legislative election, as voters delivered a rebuke to the party of conservative President Yoon Suk Yeol. The main opposition Democratic Party and smaller allied forces are projected to control about 184 seats in the 300-seat National Assembly, according to preliminary figures released early Thursday by the National Election Commission. The opposition bloc is expected to fall short of a crucial two-thirds majority, however, which would have upended South Korean politics. With 200 seats, the opposition could…
China’s consumer inflation remains low in March, fuelling policy shift calls to shrug off deflation threat, invigorate economy
China reported another low level of consumer inflation in March, fuelling calls from economists and government advisers to realign monetary easing tools, given the need to invigorate economic activities and shrug off the threat of deflation. China’s consumer price index (CPI) grew by 0.1 per cent year on year in March, the National Bureau of Statistics (NBS) said on Thursday. The reading was lower than the average 0.3 per cent estimate by economists polled by Chinese financial data provider Wind. Core inflation, which is valued by monetary authorities as it…
Biden, Kishida bolster defense ties in Japanese PM’s official US visit
The United States and Japan celebrated their decades-long alliance Wednesday night as President Joe Biden hosts Prime Minister Fumio Kishida at the White House for a state dinner. The Japanese leader’s visit marks a significant strengthening in defense and technology ties. White House Bureau Chief Patsy Widakuswara has this report. Voice of America
Dollar hits 34-year high against yen after US inflation data
Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. The dollar jumped to a new 34-year high against the yen in early Thursday trading in Tokyo, briefly pushing the Japanese currency through what was considered a key line of support and reviving market speculation that the authorities in Tokyo might attempt to intervene. The dollar strengthened above ¥153 for the first time since mid-1990 — a line that some analysts had previously warned could represent a “line in the sand”…
China meddled in past two Canada elections, says Justin Trudeau
China tried to meddle in the past two Canadian elections but the results were not affected and it was “improbable” Beijing preferred any one party over another, prime minister Justin Trudeau has told an official inquiry. In sworn testimony before a commission conducting a public inquiry into alleged foreign interference in the 2019 and 2021 Canadian elections, Trudeau answered questions about intelligence briefings he had received and asserted the elections were “free and fair”. “Despite attempts by foreign states to interfere, those elections held in their integrity. They were decided…
China tried to meddle but Canadians decided last 2 elections, Trudeau tells inquiry
China tried to meddle in the last two Canadian elections but the results were not affected and it was “improbable” Beijing preferred any one party over another, Prime Minister Justin Trudeau told an official probe on Wednesday. In sworn testimony before a commission conducting a public inquiry into alleged foreign interference in the 2019 and 2021 Canadian elections, Trudeau answered questions about intelligence briefings he had received and asserted the elections were “free and fair”. Trudeau set up the commission last year under pressure from opposition legislators unhappy about media…
Climate change: China drives increase in global coal-fired power capacity amid building boom, slow retirement, study says
China drove a global surge in new coal-fired power plants last year, building and approving capacity at a rate not seen in nine years despite the country’s promise to “strictly control” its use of the most damaging fossil fuel, according to a new report. China accounted for two-thirds of the coal-fired power capacity that came online last year, adding 47.4 gigawatts (GW) out of the global total of 69.5GW, according to an annual survey released on Thursday by San Francisco-based Global Energy Monitor (GEM) and 14 other non-profit climate organisations.…