Asante Kwaku Berko, ex-managing director of Tema Oil Refinery, was found guilty in $1m bribery scheme involving Ghanaian officials, faces up to 30 years in prison.
VNG co-founder Le Hong Minh's first taste of international competition was as a gamer for Vietnam at an early e-sport tournament in South Korea. Two years before Minh co-founded Vinagame, he travelled from what was then still a poor and underdeveloped Vietnam to play e-sports at one of the first World Cyber Games, held in Daejeon, South Korea in 2002.
The recent bankruptcies of US companies First Brands and Tricolor have focused attention on risks associated with the growth in the private credit market, or lending outside traditional banks. However, anxiety about the sector rose following bank losses from First Brands, a US auto supply company and Tricolor, a subprime auto lender.
The Federal Reserve is expected to announce its second rate cut of the year on Wednesday, despite a lack of clarity over the health of the US economy due to the ongoing government shutdown. Swonk expects the Fed to cut twice more this year, and to announce an end to its program of shrinking its balance sheet next week -- known as quantitative tightening -- in the face of rising liquidity risks.
Division and suspicion have gripped five villages near Kenya's coast as global powers from the United States to China eye a forest that is rich in rare earths -- minerals vital to high-tech and low-carbon industries. But it now sees a major opportunity, particularly as China -- the biggest source of rare earths -- increasingly limits its exports.
Business and Economy
Load more
Energy
Read more
Money
Read more
Industry
Read more
Technology
Read more
Economy
Read more
