Pakistani court indicts ex-PM Nawaz Sharif
ISLAMABAD • A Pakistani anti-corruption court yesterday indicted ousted prime minister Nawaz Sharif and his daughter over allegations linked to the ownership of London properties, pressing charges over accusations that could see the former leader jailed. Sharif's disqualification from holding office stemmed from the Panama Papers leaks last year that appeared to show his daughter and two sons owned offshore holding companies registered in the British Virgin Islands and used them to buy posh flats in London.
Kobe's aluminium parts safe: 3 carmakers
TOKYO • Three Japanese automakers yesterday confirmed the safety of aluminium components made by Kobe Steel, allaying some concerns that Kobe's falsified quality data had compromised the safety of the products. Toyota Motor Corp, Honda Motor and Mazda Motor said that hoods and other exterior parts used in their cars that were made from aluminium directly supplied by Kobe Steel were safe, prompting a 5 per cent jump in Kobe Steel shares.
US Navy holds exercise off Korean peninsula
TOKYO • The USS Ronald Reagan - a 100,000 ton, nuclear-powered aircraft carrier - patrolled in waters east of the Korean peninsula yesterday, in a show of sea and air power designed to warn off North Korea from any military action. The US Navy's biggest warship in Asia, with a crew of 5,000 sailors, sailed around 161km, launching almost 90 F-18 Super Hornet sorties from its deck, in sight of South Korean islands.