Tag: All Regions

WASHINGTON: US inspectors announced fines against China-based firms Thursday, as part of a broader effort to hold US-listed Chinese companies up to American auditing standards amid simmering geopolitical tensions. These included PwC affiliates in Hong Kong and China, alongside a Chinese audit company. The $7.9 million in penalties unveiled by the Public Company Accounting Oversight Board (PCAOB) represent some of the…

  SINGAPORE – Venture Corporation said on Nov 30 that its board of directors has established a share buyback plan to purchase up to 10 million ordinary shares of the company. This plan was authorised by the board on Nov 29, following the approval of Venture’s shareholders of the share purchase mandate at the annual general meeting on April 27,…

CISA (Cybersecurity & Infrastructure Security Agency) is warning that threat actors breached a U.S. water facility by hacking into Unitronics programmable logic controllers (PLCs) exposed online. PLCs are crucial control and management devices in industrial settings, and hackers compromising them could have severe repercussions, such as water supply contamination through manipulating the device to alter chemical dosing. Other risks include service…

WASHINGTON: The US on Wednesday said it imposed a new round of sanctions on a group of 20 people and firms allegedly involved in a financial facilitation network for the benefit of the Iranian military. The Treasury Department sanctions impact firms and people spanning Hong Kong to the United Arab Emirates. Included in the sanctions package are employees, brokers and…

BRUSSELS: Alexander Pumpyansky, the son of Russian tycoon Dmitry Pumpyansky, won an appeal against sanctions the European Union introduced over Russia’s invasion of Ukraine, the bloc’s court said on Wednesday. In the ruling, the court said the EU council had admitted that from March 9, 2022 – two weeks after the invasion of Ukraine and six months before the first set…

The U.S. Department of the Treasury has sanctioned the Sinbad cryptocurrency mixing service for its use as a money-laundering tool by the North Korean Lazarus hacking group. A cryptocurrency mixer is a server that allows people to deposit crypto, which is mixed among many different wallet addresses to help prevent it from being accurately traced. The mixing service takes a…

At the peak of the online shopping season, Canadian e-commerce giant Shopify filed a new lawsuit to take a stand against DMCA abuse. The company filed a complaint at a Florida federal court, accusing an Orlando resident of filing dozens of false takedown notices, allegedly to advance their own commercial interests. Signed into law a quarter century ago, the Digital…

HELSINKI: Finland will close its entire border with Russia to travellers for the next two weeks in a bid to halt the unusually large flow of asylum seekers to the Nordic nation, which the government and its allies say is an orchestrated move by Moscow. Finland last week shut all but one of its border posts to travellers from Russia,…

The aircraft carrier Dwight D. Eisenhower and its carrier strike group transited the Strait of Hormuz on Sunday and entered the Persian Gulf, after arriving in the waters of the Middle East earlier this month amid heightened tensions in the region stemming from the conflict between Israel and Hamas. The carrier, which departed Norfolk, Virginia, in October for a scheduled…

  American healthcare company Henry Schein has reported a second cyberattack this month by the BlackCat/ALPHV ransomware gang, who also breached their network in October. Henry Schein is a Fortune 500 healthcare products and services provider with operations and affiliates in 32 countries and a revenue of over $12 billion reported in 2022. It first disclosed on October 15 that it…

  As China’s embattled shadow banking giant Zhongzhi Enterprise Group faces a criminal probe, lawyers and analysts are assessing the damage to investors. One estimate puts that at about US$56 billion (S$74.9 billion). More than three quarters of investor cash would be lost, with just 100 billion yuan (S$18.7 billion) being recovered from debt of as much as 460 billion…

China said a surge in mycoplasma-caused pneumonia in children shows signs of ebbing, but warned that other respiratory illnesses are likely to hit the broader population hard during the mainland’s first winter after Covid restrictions. Health authorities in Beijing say flu, adenovirus and respiratory syncytial virus have surpassed mycoplasma as the most frequently detected pathogens among patients at the city’s…

Three Palestinian students attending US colleges were shot on Saturday night in Burlington, Vermont, and were being treated for injuries on Sunday, according to the students’ former school in the West Bank. Ramallah Friends School said in a Facebook post on Sunday that three of its graduates had been shot near the University of Vermont Campus – Hisham Awartani, who…

AUTRYVILLE: Deputies responding to a call about shots fired in North Carolina on Sunday found four people shot to death in what appeared to be a campsite for homeless people, authorities said. An initial review of the crime scene indicated someone killed three people before killing themselves, Sampson County Sheriff’s Capt. Eric Pope told WRAL-TV. Two men and two women…

BEIJING: Chinese foreign minister Wang Yi warned his South Korean counterpart on Sunday not to politicise economic and tech issues as the two prepared to meet Japan’s top diplomat on the sidelines of a trilateral meeting aimed at boosting cooperation. “China and South Korea have become cooperation partners with highly integrated interests and highly interconnected production and supply chains,” Wang…

RIYADH: Saudi Arabia‘s Crown Prince Mohammed bin Salman on Tuesday urged all nations to cease weapon exports to Israel, according to Al Arabiya Post. Saudi Arabia’s Crown Price made this request during an extraordinary BRICS Joint Meeting, which was being held virtually to address the Israel-Hamas conflict. South Africa is hosting the BRICS groups of nations to convene the virtual…