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A Vietnamese property tycoon accused of embezzling $12.5 billion begins her trial

Real estate tycoon Truong My Lan faces the death penalty in a trial that began Tuesday over alleged fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP and Vietnam's largest financial fraud case on record. The 66-year-old chair of the real estate company Van Thinh Phat allegedly used “thousands of ghost companies,” paid bribes to government officials and violated banking regulations, according to a government document. Another 85 people are being prosecuted in connection, including a former State Bank of Vietnam official accused of accepting $5.2 million in bribes.

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Three Red Sea underwater data cables have been cut as Houthi attacks continue in the vital waterway

Three cables under the Red Sea that provide global internet and telecommunications have been cut as the waterway remains a target of Yemen’s Houthi rebels, officials said Monday. Meanwhile, a Houthi missile attack set a ship ablaze in the Gulf of Aden, but caused no injuries. There has been concern about the cables being targeted in the Houthi campaign, which the rebels describe as an effort to pressure Israel to end its war on Hamas in the Gaza Strip.

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Putin ally says 'Ukraine is Russia' and historical territory needs to 'come home'

(Reuters) -Dmitry Medvedev, deputy chairman of Russia's Security Council and an ally of President Vladimir Putin, described Ukraine on Monday as part of Russia and said what he called historical parts of Russia needed to "come home." In a bellicose presentation that suggested Russia's military goals in Ukraine are far-reaching, Medvedev, who was Russia's president from 2008-2012, praised the Russian Empire and the Soviet Union and said Moscow would prosecute its "special military operation" until the Ukrainian leadership capitulated.