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China: Fake bank swindles customers out of $32m

China: Fake bank swindles customers out of $32m

The 'bank' appeared legitimate to the 200 people who handed over their money. A fake bank which was set up to look just like a real one has swindled Chinese savers out of 200m yuan ($32m; £21m), it's reported. To customers in the eastern city of Nanjing the interior looked like any other state-owned bank, with uniformed clerks... 

Creaking Viet education system pushes students overseas

Creaking Viet education system pushes students overseas

Vietnamese high school students and their families attend an international education fair on October 26, 2014 in Hanoi. Wearied by the rampant cheating, endless rote learning and mandatory Leninist ideology classes, Vietnam's middle-classes are fleeing the country's school system for overseas education. Every year, Vietnamese... 

Singapore’s IDA opens $200M fund to US startups

Singapore’s IDA opens $200M fund to US startups

With the launch of Block 71 San Francisco today, the Infocomm Development Authority of Singapore – one of three masterminds behind this project – made two big announcements that Steve Leonard, executive deputy chairman of IDA, believes will “engage the global tech community in our Smart Nation vision and encourage collaboration... 



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