Featured USA

Huawei CFO seeks publication ban on HSBC documents in U.S. extradition case

Huawei Chief Financial Officer Meng Wanzhou on Monday will seek to bar publication of documents her legal team received from HSBC, a request opposed by Canadian prosecutors in her U.S. extradition case who say it violates the principles of open court. Meng’s legal team will present arguments in support of… Read More

Bitcoin, Other Crypto Assets Targeted for Stiff Banking Regulation

The top global standard setter for banking regulation proposed a strict new rule that would require banks to essentially set aside a dollar in capital for every dollar of bitcoin they own. The Basel Committee for Banking Supervision, a group of global central bankers and regulators, announced the plan Thursday… Read More

China Passes Law to Counter Foreign Sanctions

China enacted a new law aimed at countering foreign sanctions, in response to U.S. and European efforts to pressure Beijing on issues spanning human rights, trade and technology. Senior members of China’s legislature approved the “anti-foreign-sanctions law” on Thursday, state media said, following an expedited process that skipped public consultation… Read More
11th June 2021
A top American diplomat told Congress on Wednesday that the Biden administration plans to impose additional sanctions on the authoritarian regime in Belarus — a significant step as lawmakers agitate for tougher punishments against a top ally of Vladimir Putin. The U.S. effort comes amid rising tensions between Minsk and… Read More
11th June 2021
The Biden administration on Thursday lifted sanctions on three former Iranian government officials and two Iranian companies involved in the country’s oil industry, a conciliatory gesture days before a potentially decisive round of nuclear talks in Vienna. The administration cautioned against reading too much into the move. Ned Price, the… Read More
11th June 2021
Anti-money-laundering charges against MoneyGram International Inc. were dismissed after prosecutors said the money-transfer company had complied with the terms of a long-running settlement agreement. The order by Judge Christopher Conner of the U.S. District Court in Harrisburg, Pa., on Thursday brought to a close MoneyGram’s more than eight-year effort… Read More
11th June 2021
By Saskia Wright and Anastasia Austin, InSight Crime, 10 June 2021 InSight Crime — Panama’s northern province of Colón, sitting at the Atlantic entrance to the Panama Canal, is seeing a staggering increase in drug seizures, raising questions about its role in the Central American cocaine pipeline. Read More
11th June 2021
In a speech seen as an act of defiance against the Lebanese state and the US, Hezbollah leader Hassan Nasrallah on Wednesday insisted that Lebanon should be “negotiating with Iran to buy gasoline and diesel with the Lebanese currency if Lebanon’s shortages persist.” Seemingly unconcerned about the possibility that this… Read More
11th June 2021
The wife of Mexican drug kingpin Joaquin “El Chapo” Guzman pleaded guilty on Thursday to narcotics trafficking and money laundering conspiracy charges, almost two years after Guzman was sentenced to life in prison. Emma Coronel Aispuro, 31, has been in U.S. custody since she was arrested at Dulles International Airport… Read More
10th June 2021
The last time the UK chaired a summit of the G7, or the G8 as it was in 2013, David Cameron was in an ebullient mood as he held a closing press conference in glorious late afternoon sunshine by Lough Erne in Northern Ireland. He sensed… Read More
10th June 2021
European companies have expressed alarm about a new Chinese anti-sanctions law, saying they are concerned by a lack of transparency. The law is expected to pass on Thursday at the closing session of the National People’s Congress Standing Committee. It will be the first major legal move by Beijing to… Read More
10th June 2021
When Colonial Pipeline was hit with a ransomware attack in early May, the firm—which transports some 45 percent of the East Coast’s fuel supply—shut down its operations as a precaution and paid the ransom, reportedly 75 bitcoins (about $4.4 million then). Fuel shortages ensued, and the US… Read More
10th June 2021
The United States on Wednesday imposed sanctions on four Nicaraguans, including a daughter of President Daniel Ortega, and Washington warned it would continue to use diplomatic and economic tools against members of the leftist government that it accused of undermining democracy. U.S. Secretary of State Antony Blinken urged Ortega to… Read More