Page 6 - Christopher Sidoti News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Firms from Japan and Singapore say they’re cutting ties; experts expect more to follow.

Telecom network in Myanmar: Two UK banks under pressure for lending money Star Report Star Report Two of Britain's biggest banks are under pressure for lending tens of millions of pounds to a technology company building a telecoms network that is part-owned and used by the Myanmar military, which is accused of committing genocide against the Rohingyas. Human rights groups are demanding that the banks explain why they lent the money to such a company, The Observer, a sister concern of The Guardian, reported on Sunday. HSBC and Standard Chartered have loaned $60m (£44.5m) to Vietnamese telec...

HSBC, Standard Chartered in hot water for lending to company with links to Myanmar military AP file photo Star Online Report Star Online Report Two major UK banks face pressure for lending millions of dollars to a technology company that is partly owned and used by the Myanmar military accused of genocide against the Rohingyas. UK-based The Observer, a sister concern of The Guardian, on Sunday reported that human rights groups are demanding that two of Britain's biggest banks explain why they have lent tens of millions of pounds to such a company. H...

LONDON: Human rights groups have criticized two of the UK’s largest banks after they granted tens of millions in loans to a technology business developing a telecommunications project used by Myanmar’s military, British newspaper The Observer reported on Sunday. HSBC and Standard Chartered loaned $60 million to Vietnamese telecoms giant Viettel over the past four years, at a time when the Myanmar military has been accused of war crimes and genocide against Rohingya Muslims. Viettel is a major investor in Mytel, a Myanmar mobile network that has grown to service more than 10 million users ...

British banks under pressure over £45m loans to firm with links to Myanmar military Jamie Doward Human rights groups are demanding that two of Britain’s biggest banks explain why they have lent tens of millions of pounds to a technology company building a telecoms network that is part-owned and used by the Myanmar military. HSBC and Standard Chartered have loaned $60m (£44.5m) to Vietnamese telecom giant Viettel in the last four years, a period when the Myanmar military has been accused of committing war crimes, genocide and crimes against humanity. Viettel is a major inve...