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Chen, attorneys dispute the validity of key evidence

In a pre-trial hearing at the Taiwan High Court yesterday, former president Chen Shui-bian (陳水扁) and his attorneys said certain key evidence and witness statements should not be admissible in court.

Chen and his attorneys appeared at the appeals court where judges are reviewing the guilty verdicts the Taipei District Court handed the former president, his family members, former government officials and other co-defendants.

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Fears spread through world markets over Dubai debt

Investors recoiled from risky assets yesterday and dumped shares in Asian banks and builders, fearing a Dubai debt default could reignite the financial turmoil of the credit crisis.

Stocks from Tokyo to Mumbai were haunted by suspicion of lenders’ exposure to Dubai firms that built islands in the Gulf, planned cities from Pakistan to Africa and fashioned the financial hub of the world’s biggest oil exporting region.

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Newsflash

A new “carrier killer” missile that has become a symbol of China’s rising military might will not force the US Navy to change the way it operates in the Pacific, a senior Navy commander said.

Defense analysts say the Dong Feng 21D missile could upend the balance of power in Asia, where US aircraft carrier battle groups have ruled the waves since the end of World War II.

However, Vice Admiral Scott van Buskirk, commander of the US 7th Fleet, said that the Navy does not see the much-feared weapon as creating any insurmountable vulnerability for the US carriers — the Navy’s crown jewels.