US sanctions ‘sprawling shadow banking network’ that helps Iran’s military

[ad_1] Those sanctioned are involved in the sale of Iranian oil and petrochemicals, money that pays for weapons, proxy groups.The United States Department of the Treasury has announced economic sanctions on 50 people and firms across Hong Kong, the United...

Why Kenya’s finance bill has sparked outrage and protests

[ad_1] Kenyans are gearing up for country-wide protests against a new finance bill on Tuesday, despite the government agreeing to scrap some provisions in the draft law, such as taxes on bread, cars, cooking oil and sanitary towels.The Finance Bill...

Water shortage could hurt India’s sovereign credit strength, says Moody’s

[ad_1] The water shortage triggered by high consumption amid rapid economic growth and frequent natural disasters caused by climate change could hurt India’s sovereign credit strength, global credit rating agency Moody’s Investors Service said on Tuesday, reported Reuters.“Decreases in water...

China’s premier calls on nations to ‘oppose decoupling’ at economic forum

[ad_1] Li Qiang tells World Economic Forum conference that countries should work closely together, abandon rival camps.China’s premier has called for countries to “oppose decoupling”, as economic tensions simmer between Beijing and the European Union ahead of the imposition of...

Yellen to announce efforts to boost home supply as US election looms

[ad_1] Increased attention to home prices comes as the housing crunch becomes an increasing issue in upcoming elections.The Biden administration is announcing new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high...

Canada considering tariffs on Chinese-made EVs

[ad_1] Canada said the domestic car sector faced unfair competition from China’s ‘state-directed’ global oversupply of EVs.Canada is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public’s opinion about the idea, Deputy Prime Minister...

US proposes restrictions for investments in Chinese tech, AI

[ad_1] Draft rule would prohibit US investors from funding AI systems in China that could be used for weapons targeting, other military uses.The United States Department of the Treasury has fleshed out a proposed rule that would restrict and monitor...

Newly named Washington Post editor bows out after backlash

[ad_1] In the past few weeks, several media reports raised concerns about the incoming editor’s journalistic ethics.The Washington Post says newly named editor Robert Winnett has decided not to take the job and will remain in Britain instead, creating another...

TikTok says US refused to engage in serious settlement talks

[ad_1] ByteDance said US government prefers to shut down than work on an ‘effective solution’ to protect US users.TikTok and Chinese parent ByteDance have urged a United States court to strike down a law they say will ban the popular...
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