• Reuters

    Vietnam continues support for bank engulfed in massive fraud, central bank says

    Vietnam's central bank said on Friday it had continued providing support to Saigon Joint Stock Commercial Bank (SCB), which it put under special supervision in October 2022 after a run on its deposits. Reuters reported on Wednesday the central bank had pumped nearly $24 billion in SCB to prevent its collapse, and that special loans to the bank had continued at least until early April. The central bank placed SCB under its supervision to stem a run on the bank sparked by the October 2022 arrest of real estate tycoon Truong My Lan, who was last week sentenced to death over her role in a $12.5 billion financial fraud case, Vietnam's biggest of its kind.

  • PA Media: Science

    Baby and teenage great white sharks prefer shallow waters – study

    Experts believe staying close to the shore helps sharks avoid predators while aiding growth.

  • Barrons.com

    The Cloud Giants Are Taking On Nvidia in AI Chips. Here’s Why—and How.

    Amazon, Alphabet, Meta, and Microsoft are spending huge amounts on AI. In-house chips could cut costs.