• Business

Xi Jinping demands inspection of 6 gambling VIP rooms in Macau

China 12/10/21, 01:34

The recent arrest of a Macao liquor tycoon, Zhou Zhuohua, on Nov. 27 keeps Macau's gambling industry on its toes. According to Caixin.com, there are 6 VIP rooms in Macau's gaming intermediary industry. In addition to Sun City's involvement in the case, the other five are the Dejin Group of Chen Ronglian and Ji Xiaobo, Sheng Group, Guangdong ...

New Zealand to launch groundbreaking plan to end smoking

News 12/09/21, 20:53

The New Zealand government announced on Thursday that by next year it would begin raising the minimum age at which a person can buy cigarettes year by year, according to The Associated Press (AP). The New Zealand government plans to end smoking with a lifetime ban for those under the age ...

US considers tougher sanctions on Iran as nuclear talks flounder

D.C. 12/09/21, 15:54

Futile nuclear negotiation leads the Biden administration to gauge tightening sanctions on Iran, the U.S. State Department said on Thursday, Dec. 9. Washington is looking to target the United Arab Emirates (UAE), which has played a key role in financing Iran despite being an ally with the U.S. It is the ...

Over 200 US newspapers sue Big Tech giants

U.S. 12/09/21, 04:29

Over the last year, over 200 newspapers across the U.S. have joined antitrust cases against Google and Facebook. According to the lawsuits, Facebook and Google monopolized the digital advertising industry, siphoning off cash that should have gone to local news organizations. The case began as an attempt by small-town newspapers to take ...

A delegation of 43 senior Slovak officials visited Taiwan

Politics 12/09/21, 03:01

Led by Karol Galek, Slovakia's Minister of Economic Affairs, a 43-member group of 18 senior officials and 25 representatives of private enterprises, researchers, and industry and academic representatives arrived on Dec. 5 for a six-day visit. They were there to attend the First Session of the Taiwanese-Slovak Commission on Economic ...

Chinese property giant Kaisa defaults as debt default wave continues

China 12/08/21, 16:32

Evergrande announced on Dec. 3, 2021, that its first U.S. dollar bond would default after Kaisa's announcement that it would not be able to renew its overseas obligations. Kaisa Group, a Chinese property developer, stated on Dec. 3 that its request to extend its foreign bond obligation for $400 million had ...

Amazon cloud outage caused chaos for several companies around the world

U.S. 12/08/21, 16:02

A global Amazon outage that lasted about five hours on Tuesday, Dec. 7, caused chaos in several U.S. and international companies, according to the Associated Press (AP). The interruption in the supply of Amazon Web Services (AWS) was confirmed by the company and mainly affected the east coast of the U.S. ...

BBC invests in Chinese state-owned firms linked to genocide, report reveals

China 12/07/21, 16:42

The BBC has invested millions of dollars in companies controlled by China's repressive regime, accused of committing genocide against ethnic and religious minorities in the Asian country.  As reported by the Daily Mail, the BBC (British Broadcasting Corporation) injected more than $199 million from the pension funds of current and former ...

China concept stocks fall more than 9% : Over $100 billion evaporate after new US law

China 12/07/21, 15:32

U.S.–listed Chinese concept stocks plummeted on Friday, Dec. 3. The total market value quickly evaporated $108.3 billion after the U.S. imposed the Holding Foreign Companies Accountable Act (HFCAA). The Securities and Exchange Commission (SEC) announced that they had approved revisions to the HFCAA's final rule on Thursday. The rule required China's stock companies ...

Why are Chinese companies forced to withdraw from the US?

China 12/07/21, 04:02

The U.S. Securities and Exchange Commission announced on Dec. 2, that companies listed in the United States must prove whether they were owned and controlled by government entities and provide evidence for an audit inspection. Bloomberg said the final plan of the "Foreign Corporate Liability Act" requires foreign companies to disclose ...

Another Chinese real estate company is millions of dollars in debt

China 12/07/21, 01:38

According to Aboluowang, China Aoyuan Real Estate Group, on December 2nd, said that it could not pay off more than $650 million in debt and could not reach any other agreement with its creditors. China Aoyuan is one of the 50 largest real estate developers in China. The group is headquartered ...