Taiwan happy with US aid package, China objects to arms sales

Taiwan’s state, according to China, rejects Beijing’s claims of sovereignty as a purely domestic problem and as the most delicate and significant issue in US-to-US relations. In Beijing, China’s Taiwan Affairs Office expressed frustration at the expenses, which President Joe Biden said he would sign into law on Wednesday. TheContinue Reading

China's ambassador to Canada leaves his post

Cong Peiwu, the Chinese ambassador to Canada, has since left his post and returned to China, according to a source with knowledge of the situation on Sunday ( Apr 21 ), with the news coming during a senior Canadian diplomat’s visit to the Asian nation. Without being immediately available, additionalContinue Reading

Jail terms sought for accused in US$1.8 billion 1MDB fund fraud

Additionally, the two’s incarceration was requested by the prosecution because the two were perceived as a threat of escaping in the time between the trial and the ruling.

Obaid is a Swiss-Saudi two national, while Mahony is Swiss-British.

Obaid’s prosecutor Daniel Zappelli highlighted the presence of Najib and Low, and said there were variations in the portions that the accused allegedly laundered, Keystone-ATS reported.

The multibillion-dollar 1MDB economic incident has led to criminal studies around the world, including in the United States, Switzerland and Singapore.

It is claimed that a number of people used billions of dollars to steal from the account, which is known as 1Malaysia Development Berhad, and used to purchase everything from artwork to a superyacht.

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