Corporate

Meng Wanzhou, Huawei's chief financial officer, attends a session of the VTB Capital Investment Forum "Russia Calling!" in Moscow, Russia on Oct 2, 2014. (Photo source: Reuters) Meng Wanzhou, Huawei's chief financial officer, faces US fraud charges related to alleged sanctions-breaking dealings with Iran, and has been awaiting a Canadian court's bail decision - which after two days of hearings was put off until Tuesday. She was detained in Vancouver on Dec 1 while changing planes during a trip from Hong Kong to Mexico, for possible extradition. Her arrest has infuriated Beijing, rocking stock markets and raising tensions amid a truce in the US-China trade war. Beijing's latest outcry over the case also led to the suspension of a planned Canadian forestry trade mission to China this week. Meng has agreed to surrender her passports and submit to electronic monitoring if she is released, pending the outcome of the extradition case. "Given her unique profile as the face of a Chinese … [Read more...] about Huawei exec seeks Canada bail, proposes electronic monitoring

In the first 11 months of 2018, Vietnam National Oil and Gas Group (PetroVietnam) surpassed business targets, including profit, revenue as well as oil and gas production. PetroVietnam has almost reached its target oil exploitation volume for the whole year Notably, in these 11 months, PetroVietnam exploited 12.84 million tonnes of oil, up 5.6 per cent compared to the initial 11-month plan, and equalling 97 per cent of the yearly plan. The exploited gas volume reached 9.26 billion cubic metres, up 5.2 per cent compared to the initial 11-month plan. The petroleum volume reached 8.53 million tonnes, equaling 72.4 per cent of the yearly plan. Besides, the firm also reported high production volume of other products, including 18.99 billion kWh of electricity and 1.477 million tonnes of nitrogenous fertiliser. Between January and November, the group acquired VND542.34 trillion ($23.58 billion) in revenue, exceeding the initial 11-month plan by 16.8 per cent and exceeding the annual … [Read more...] about PetroVietnam flies over 11 month targets

In order to promote and develop Vietnamese coffee to the world, Nestlé Vietnam has organised a trip for international journalists to visit the sustainable coffee cultivation model named NESCAFE Plan to witness activities associated with farmers, completing the coffee value chain from coffee farms to consumers. MBC's spokesperson was filled with pride after collecting ripe coffee under the guidance of Nguyen Thi Hue, a farmer from Dak Lak, who has participated in the NESCAFÉ Plan project since 2012 International journalists could experience the process of producing clean, high-quality Vietnamese coffee beans from the nursery of Nestle's co-operative research institute, which was handed over to farmers by the coffee reforestation and sustainable farming support programme with technical assistance from NESCAFÉ Plan, and visit Nestlé's state-of-the-art coffee processing plant, which produces products 100 per cent made by Vietnamese coffee both for the domestic … [Read more...] about NESCAFÉ promotes Vietnamese coffee to the world

Data is collected from every activity (source: medgadget.com) Once in the purview of computer experts, Big Data and artificial intelligence (AI) today effect society with an unprecedented growth of knowledge. Data has become an important issue to individuals and organisations. Individuals generate data with every action that sends ripples through the Internet and social networks, creating a digital trace mirroring every facet of their lives. Even everyday objects, like connected cars and smart TVs are part of this data generation. Data is now a vital part of people’s existence and creates new knowledge about them. However, the issue is what this data is used for. For businesses and organisations, the collection and analysis of data is very important to research people and the market, to formulate informed decisions. Big Data, if sufficiently processed, will help to make proper decisions. However, if it is not processed properly, it will be next to useless and impact the … [Read more...] about Data and humanity – who will dominate?

Japanese prosecutors formally charged Carlos Ghosn with financial misconduct for under-reporting his salary and also served a fresh warrant on separate allegations, local media reported Monday (Dec 10), meaning the tycoon will likely spend Christmas in a cell. Ex-Nissan chief Ghosn charged, served with fresh arrest warrant, Source: AFP Former Nissan chairman Ghosn, 64, has been in detention since his Nov 19 arrest on suspicion of under-declaring his income by some five billion yen (US$44 million) between 2010 and 2015. Authorities then re-arrested him later Monday over separate allegations that he also under-reported his income by a further four billion over the past three years. Under Japanese law, suspects can be re-arrested several times for different allegations, allowing prosecutors to question them for prolonged periods - a system that has drawn criticism internationally. Monday was the final day prosecutors could hold Ghosn and close aide Greg Kelly before either … [Read more...] about Ex Nissan chief Ghosn charged, served with fresh arrest warrant