Kaisa sells Hong Kong property stake at steep discount and seeks debt exchange to avoid default
Associated Press
US, 6 other nations urge tight ban on arms sales to Myanmar
The United States and six other nations issued a joint statement Friday calling on the international community to suspend all assistance to Myanmar’s military, and expressing grave concern over reports of human rights abuses by its security forces. The statement comes as fears of an escalation of violence grow in the Southeast Asian nation, whose army is attempting to crush an increasingly active armed opposition movement seeking to end military rule. “We are concerned about allegations of weapons stockpiling and attacks by the military, including shelling and airstrikes, use of heavy weapons, and the deployment of thousands of troops accompanying what security forces assert are counter-terrorism operations, which are disproportionately impacting civilians,” the statement said.