In what is slated to become Vietnam’s largest graft case in history, nearly 50 elite bankers are on trial in Hanoi for alleged graft and mismanagement in a joint stock bank that led to losses worth $69 million. Among those accused are Ocean Bank’s former chairman and general manager.
In a rare televised address on August 8th, Japan’s aging Emperor Akihito put an end to weeks of speculation by hinting openly that he would like to stand down. Alluding to his failing health and growing inability to meet the demands of his role, the 82-year-old ceremonial monarch told viewers his stamina levels have been in gradual decline for some time. Akihito has been treated for heart problems, bronchitis and cancer in recent years.
“They’re involved in Algeria and Angola, Benin and Botswana, Burkina Faso and Burundi, Cameroon and the Cape Verde Islands. And that’s just the ABCs of the situation,” writes Nick Turse in Tom Dispatch in one of several articles discussing the US’s creeping military footprint on the African content. “From north to south, east to west, the Horn of Africa to the Sahel, the heart of the continent to the islands off its coasts, the U.S. military is at work”, he explains.
A new WTO report indicates a worrying rise in economic protectionism. Countries are imposing new protectionist trade barriers at the fastest rate since the onset of the recession in 2008. Since that year, G20 countries have erected 1,583 new trade restrictions, potentially hurting the global economy.