Vietnam 

Sơn La exports first batch of mangoes to UK – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Farmers in Yên Châu District harvest mangos for export. The first batch of three tonnes of mangoes from the district in Sơn La Province were packed on June 19 for export to the UK. — VNA/VNS Photo Hữu Quyết SƠN LA — The first batch of three tonnes of mangoes, grown in Yên Châu District in the northern mountainous province of Sơn La, were packaged on June 19 for export to the UK. Hà Văn Sơn, director of the Chiềng Hặc Agricultural Cooperative in Yên Châu, said a total of seven tonnes will be shipped…

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Patch holes in property register, implement it quickly to halt US$115 billion in yearly money laundering, UK government told

Proposals for the first register of foreign-owned property aimed at preventing “McMafia-style” money laundering should be put in practice urgently and reinforced to plug potential loopholes, the UK government has been told.Draft legislation contains insufficient verification checks to deter criminals from submitting false information and could allow those exploiting trusts to circumvent controls, MPs and peers have said.More than £90 billion (US$114.7 billion) is estimated to be laundered… Source link

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‘Open and fair’ UK should not discriminate against Huawei in 5G development, China’s envoy to London says

China on Sunday warned the UK not to discriminate against companies involved in developing the 5G network and to resist pressure from other countries over whether it should work with Huawei Technologies.Huawei, the world’s biggest telecoms equipment maker, is under intense scrutiny after the United States told allies not to use the company’s technology because of fears it could be a vehicle for Chinese spying. Huawei has denied this.Sources told Reuters on Wednesday Britain’s National Security… Source link

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Hong Kong investors pressure UK developer to make good on quarterly ‘guaranteed’ returns pledge

Several Hong Kong investors are among an international group of more than 100 seeking redress from a UK property developer they say has fallen behind in quarterly payments on guaranteed ­returns on property investments.According to several of the ­investors, developer and manager A1 Alpha Properties (Leicester) stopped paying them rental ­returns after mid 2018 on their investments in student quarters and holiday homes in Britain.They said they were entitled to receive guaranteed and fixed… Source link

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Property 

UK department store House of Fraser’s landlord serves notice on retail tycoon Mike Ashley to leave

Doubts are growing about the number of House of Fraser department stores Mike Ashley will keep open as landlords lose patience with him paying no rent while he decides what to do with the spaces.The retail tycoon said he hoped to save about 80 per cent of House of Fraser’s 59 stores across the UK and turn the chain into the “Harrods of the high street” after it was bought out of administration for £90 million last August by his leisurewear business Sports Direct.But the landlord of Rackhams in… Source…

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UK property asking prices rise in sign housing market has bottomed out

Asking prices for British homes rose by the most in over a year in the four weeks to April 6, a survey showed, adding to other tentative signs that the housing market may have passed the worst of its slowdown ahead of Brexit.The 1.1 per cent monthly rise in asking prices was a bigger increase than usual at the start of the spring season and reduced the fall in prices in annual terms to 0.1 per cent, property website Rightmove said.Britain’s housing market has stumbled since the 2016 Brexit… Source…

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Vietnam 

Local tra fish exports to the UK up almost 70% in value – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam’s exports of tra fish to the UK surged by nearly 70 per cent in the first quarter of this year. – Photo thitruongthuysan.com HÀ NỘI — Việt Nam’s tra fish exports to the UK in the first quarter increased by 69.5 per cent to US$11.9 million, according to the Việt Nam Association of Seafood Exporters and Producers. The exports mainly comprised frozen tra fillet, the most high-priced item at $5.3 per kilogramme. Frozen tra fish steak exported to the UK also fetched high prices of $4.3 –…

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‘Brexiety’ becomes a word as foreign investment in UK real estate drops to its lowest level since 2016 vote to leave European Union

Foreign investment in UK property has in the first three months of 2019 fallen to its lowest level since the first quarter of 2016, the three-month period before the country voted to leave the European Union, according to data provider Refinitiv.Cross-border spending on UK property – residential, non-residential, other real estate, real estate management and development, Reits, hotels and lodgings – reached US$598.3 million in the March quarter, a tenth of the US$5.9 billion reported in the… Source link

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UK chides Huawei for equipment security flaws, but rules out Chinese state interference

Huawei Technologies poses a major risk to the UK’s telecommunications networks because of the company’s failure to fix security flaws found in its equipment and software, according to a report on Thursday by a government-led watchdog, which ruled out Chinese state interference as the cause of those defects.The fifth annual report from the Huawei Cyber Security Evaluation Centre (HCSEC) Oversight Board, a body set up to monitor products supplied by the Shenzhen-based firm to UK carriers, said … Source link

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Vietnam 

UK chartered accountants forecast slower SE Asia growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Cooling export growth will impact Southeast Asia, pulling down the region’s economic growth to 4.8 per cent this year from 5.1 per cent in 2018, the Institute of Chartered Accountants in England and Wales has forecast. In a report, “Economic Insight: South-East Asia”, it said growth would further ease to 4.7 per cent in 2020. Export growth would decelerate amid increased trade protectionism and slower Chinese demand. Vietnamese growth was forecast to slow down to 6.7 per cent this year…

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