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Najib’s 1MDB trial to resume next week

Bloomberg The trial of Malaysia’s former leader Najib Razak for his alleged role in 1MDB will resume next week as the country relaxes its lockdown. All relevant parties including Najib have been told to attend court on May 13, said Deputy Public Prosecutor Ahmad Akram Gharib. The country allowed nearly all sectors of the economy to reopen starting on Monday ...

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HK economy contracts 8.9% in worst quarter on record

Bloomberg Hong Kong’s downturn is now the worst on record, extending the first recession seen in a decade as the coronavirus outbreak further battered an economy already weakened by political unrest. The city’s economy contracted 8.9% in the first quarter from year-ago levels, according to advance government data. The decline surpasses the previous record of -8.3% in the third quarter ...

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Nuclear getting hammered by green power, pandemic

Bloomberg Generating power without harmful carbon emissions has never been more urgent, yet one of the biggest sources of clean power is struggling to turn a profit. The nuclear industry has been vying for a role as the perfect partner to the surging, but intermittent, renewables sector for years, citing its role as a stable source of emissions-free power. Nations ...

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