Insurers are responsible for the payout to entities affiliated with Larry Silverstein and his Silverstein Properties, according to settlement papers filed on Tuesday (Nov 21) with the US District Court in Manhattan.The accord requires approval by US District Judge Alvin Hellerstein, who oversees much of the civil litigation stemming from the attacks. It would have totalled US$97 million had two of American's and United's insurers not become insolvent.Silverstein has received several billion dollars from insurers to rebuild. He wanted to hold the airlines responsible for their alleged negligence in failing to prevent the Twin Towers' destruction by hijacked American and United planes.The accord would "bring to a close this hard-fought thirteen-year litigation on terms agreeable to the parties," lawyers for Silverstein and the airlines said in a filing."We are pleased to have finally reached a resolution to this piece of post-9/11 litigation," Bud Perrone, a spokesman for Silverstein … [Read more...] about World Trade Center developer settles with United, American over 9/11
Vietnam’s Prime Minister Nguyen Xuan Phuc has said he would like the U.S. to reverse its decision to back out of the Trans-Pacific Partnership (TPP) free trade agreement, and that Japan and Vietnam planned to call on the remaining member countries of the deal to lobby U.S. President Donald Trump.Phuc told the Nikkei in a Thursday report that he wanted to urge Trump to rejoin the TPP in order to "secure other member states' and its own interests."In January, Trump pulled the U.S. out of the TPP under his "America First" policy, which he believes will save American jobs, leaving the deal with 11 members, known as the TPP 11.The Vietnamese PM said he had spoken with Japanese Prime Minister Shinzo Abe about ways to persuade Trump to rejoin the pact.If the U.S. returns to the TPP, the deal would account for 37.5 percent of the world's gross domestic product, 11.3 percent of the global population and 25.7 percent of total trade, double to triple the figures of the TPP 11, he told … [Read more...] about Vietnamese PM looks to entice US back into massive Pacific trade deal
He cited a lawsuit filed by the Ben Tre City Taxation Agency against Nguyen Viet Cuong to prove that taxation bodies, people’s courts and the police act differently in the same case.In the period between 2008 and September 2013, Nguyen Viet Cuong exchanged bitcoins via the internet. Cuong was summoned by the Ben Tre provincial police many times to ask about his exchange transactions.The agency concluded that Cuong’s business activities were not an offense, but decided to impose administrative punishment. In May 2016, the Ben Tre City Taxation Sub-department released Decision No 714 which said Cuong had to pay VND981 million in VAT and VND1.6 billion in personal income tax, or VND2.6 billion in total. Cuong lodged complaints two times about the decision, but the complaint was rejected.Meanwhile, he said that he did not violate the laws because electronic currency was not recognized as a kind of commodity for trade.In late September, the Ben Tre provincial People’s … [Read more...] about Is bitcoin trading prohibited in Vietnam?
NDO - Chairman of the Ho Chi Minh City People's Committee Nguyen Thanh Phong hosted a reception for Chairman of the Osaka Chamber of Commerce and Industry Hiroshi Ozaki, on November 22.At the meeting, Chairman Nguyen Thanh Phong emphasised that Vietnam-Japan relations have been developing strongly across many fields.High-level visits by the leaders of Japan and Vietnam over recent times have demonstrated the confidence and determination of both sides to strengthen their cooperation he said, adding that in the near future, the bilateral relations between Vietnam and Japan will be further strengthened; especially in 2018 as the two countries celebrate the 45th founding anniversary of their diplomatic ties.The Ho Chi Minh City Chairman affirmed that on the basis of the time-honoured friendship between the two countries and the potential for cooperation between the two regions, Ho Chi Minh City wishes to further step up its cooperation activities with Osaka, especially in the fields of … [Read more...] about Ho Chi Minh City and Osaka Prefecture enhance trade and investment cooperation
Wild animals and their parts have been found hidden among agricultural products exported to China according to a recent report from Ministry of Finance to the government. Police seize a large number of ivory imported to Vietnam The illegal trading of wild animals which mostly come from Africa is carried out by air and waterways through Laos, Cambodia to Vietnam, and then by road from Vietnam to China, the report said."The smugglers often hide the frozen animals or animal parts including ivory, tiger bones, or rhino horn among agricultural products being exported to China through border gates or open roads between the two countries.The ministry also said that local customs officers have dealt with 42 wild animal smuggling cases so far this year in Vietnam with products mainly ivory, rhino horn and pangolins.A representative from the Vietnam Wildlife Conservation Society, Vu Hai Chau, recently told the Nguoiduatin Newspaper that Vietnam has been chosen as one of ideal trading … [Read more...] about Wild animals traded via agriculture export to China