TOKYO – A series of crimes has occurred in which hackers took over individual investors’ accounts with securities companies and made illegal stock trades. The criminals are believed to be using the accounts to manipulate stock prices, raising the prices of specific shares by purchasing large numbers of low-priced stocks that are not usually traded actively. Some individual investors have lost millions of yen through the scams. Criminal groups are also believed to have stolen clients’ authentication information by guiding them to fake websites. Securities companies are calling on their clients to be wary of the scams. Unauthorized login GRAPHICS:…
Author: Asia News Network
TOKYO – The Japan Fair Trade Commission had been investigating Google LLC for 1½ years before it issued its first cease-and-desist order on Tuesday against the tech giant for violating the Antimonopoly Law, claiming the U.S. firm forced smartphone makers to install its search engine app. The event highlighted the Japanese competition watchdog taking a tough stance against a strong business model established by the tech company, which boasts the No. 1 search engine. The order also has become a turning point for Japan to strengthen regulations on the matter. “This is a big step forward regarding cases in the…
China has ordered its airlines not to take any further deliveries of Boeing jets in response to the US decision to impose 145 percent tariffs on Chinese goods, Bloomberg News said on Tuesday, citing people familiar with the matter. Beijing has also asked that Chinese carriers halt any purchases of aircraft-related equipment and parts from US companies, the Bloomberg report said. The Chinese government is also considering ways to provide assistance to airlines that lease Boeing jets and are facing higher costs, the people told Bloomberg News. On Tuesday, Beijing’s top official overseeing Hong Kong slammed US tariffs on China…
DHAKA – I did not vote for Donald Trump but accepted the election result with the hope that our president will succeed. Like most Americans, I do not take an interest in national politics daily. To most of us, a candidate, once elected, represents all voters and, hopefully, acts in the best interest of the nation. Presidents have also historically served as role models for most Americans. George Washington, Lincoln, Roosevelt, Kennedy, and Obama have been inspirational figures for me. President Trump has now been president for almost 100 days, and I must admit that no other president in recent…
For over half a century, the aroma of Nescafé has been a familiar part of the Thai landscape. The 96-year-old global brand, a cornerstone of Swiss food and beverage behemoth Nestlé, has enjoyed unparalleled success in the Kingdom. However, this seemingly unshakeable presence is now under threat. A bitter legal battle with the powerful Mahagitsiri family, Nestlé’s former business partners in Thailand, has resulted in a court order dramatically halting the production, contract manufacturing, import, and sale of Nescafé products across the country. The roots of this dramatic turn of events lie in Nestlé’s decision to terminate its agreement in…
BANGKOK – The United States has called on Thai authorities to uphold freedom of expression following charges filed against a prominent American academic under Thailand’s draconian lese majeste law. The US Embassy in Bangkok issued a statement on Tuesday, expressing concern over the legal proceedings against Paul Chambers, a political scientist at Naresuan University in Phitsanulok province. Chambers has been charged with defaming the monarchy under Article 112 of the Penal Code, as well as violating the Computer Crime Act. “This case reinforces our longstanding concerns about the use of lèse majesté laws in Thailand. We continue to urge Thai…
WASHINGTON – A growing wave of visa revocations, detentions, and deportations is sending shockwaves across US campuses, leaving foreign students — particularly those linked to pro-Palestinian activism — facing increasing uncertainty. Days when Israeli military actions in Gaza sparked US-wide protests across American campuses are now a thing of the past. Today, universities face a new reality, where even minor infractions could lead to the cancellation of student visas. Secretary of State Marco Rubio said late last month that he has stripped visas for some 300 people and was doing so on a daily basis. In a recent briefing, State…
KUALA LUMPUR – Asean will not take any retaliatory measures in response to US tariffs, said the regional grouping’s economic ministers in a joint statement after their meeting in Malaysia on April 10. The 10-nation group – which was unexpectedly hit hard by the reciprocal tariffs announced by US President Donald Trump on April 2 – emphasised its commitment to pursue a “frank and constructive dialogue” with Washington to address trade-related concerns, amid the ensuing uncertainty. “We express our common intention to engage in a frank and constructive dialogue with the US to address trade-related concerns. Open communication and collaboration…
LONDON – Around 100 authors last week protested outside the London headquarters of Meta, accusing the US tech giant of “stealing” content to train its Artificial Intelligence models. Writers chanted “Meta, Meta, book thieves” as they made their way to the Meta building, with some carrying placards reading “I’d write a sign but you’d steal it” and “Get the Zuck off our books”, in reference to Meta CEO Mark Zuckerberg. A US court filing earlier this year alleged that Zuckerberg approved the company using the online library “LibGen”, which provides access to copyrighted works and contains more than 7.5 million…
BANGKOK – The Bangkok Metropolitan Administration (BMA) expects to clear the debris from the collapsed building in Chatuchak district by the end of this month, with about 30% of the rubble already removed. The under-construction State Audit Office (SAO) building on Kamphaeng Phet 2 Road collapsed on March 28 following the impact of an 8.2-magnitude earthquake near Mandalay, Myanmar, trapping several workers inside. As of Tuesday, 21 people have been confirmed dead, while 73 others are still missing. Bangkok Governor Chadchart Sittipunt said on Tuesday that, in the past 12 days, about 10,000 cubic metres of rubble have been cleared,…