Tag: Region Asias

China investors face tens of billions in losses over shadow bank Zhongzhi Enterprise Group

  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 warns of coming respiratory surge after pneumonia hit kids

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 shot and injured in Vermont

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…

4 found dead near North Carolina homeless camp; 3 shot before shooter killed self, police say

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…

China warns South Korea not to politicise economic issues

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…

Saudi Arabia urges all nations to halt weapon exports to Israel (BRICS Joint Meeting)

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…

China closing, eliminating hundreds of mosques

The Chinese government’s efforts to shut down mosques have extended beyond Xinjiang, an area long criticized for the persecution of Muslim minorities. This expansion has reached the Ningxia region and Gansu province, areas with significant Hui Muslim populations. As per a Human Rights Watch report , which utilizes public documents, satellite imagery, and eyewitness accounts, indicates that these closures are…

Ex-Colombia president summoned over 1997 paramilitary massacre

BOGOTA: Former Colombian president Alvaro Uribe will appear before the attorney general’s office next week over a 1997 paramilitary massacre, authorities said Thursday. While Uribe was governor of the Antioquia department, a group of 150 right-wing paramilitary members killed at least 15 people in the village of El Aro. Last week, paramilitary leader Salvatore Mancuso, at a hearing with Colombia’s…

Cyprus lit up with oligarch transactions after Russia invaded Ukraine -leaks

With Russian tanks and troops descending on Ukraine in early 2022, Cyprus became a hotbed of financial activity. The island country has long been known as an offshore transit point for the fortunes of Russian billionaires, and as sanctions loomed over many of them last year, Cyprus financial services firms fielded a series of urgent demands to transfer funds and…

A Chinese man is extradited from Morocco to face embezzlement charges in Shanghai

BEIJING: A Chinese man wanted for allegedly embezzling millions of yuan (hundreds of thousands of dollars) from his company and then fleeing to Morocco was extraditedback to China on Saturday, the Ministry of Public Security said. The man, a financial executive at the company, used passwords for its bank accounts to transfer money to his personal account, the ministry said…

Operator of Central California Bio-Lab Indicted for Distributing Adulterated and Misbranded COVID-19 Tests and Lying to Authorities

U.S. Attorney’s Office Eastern District of California  FOR IMMEDIATE RELEASE Thursday, November 16, 2023 FRESNO, Calif. — A federal grand jury returned a three-count indictment today against Jia Bei Zhu, aka Jesse Zhu, Qiang He, and David He, 62, a citizen of China who formerly resided in Clovis, charging him with distributing adulterated and misbranded medical devices in violation of…

The U.S. Government Designates Individuals and Entities in the Western Balkans for Corruption and Malign Activities

November 16, 2023 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated eight individuals and six entities pursuant to Western Balkans-related Executive Order (E.O.) 14033 and Russia-related E.O. 14024. In a coordinated action, the U.S. Department of State also designated two individuals and 12 entities pursuant to E.O. 14024. “Russia has continued to…

France issues arrest warrant for Syrian President Bashar al-Assad

PARIS: France has issued an international arrest warrant for Syrian President Bashar al-Assad, accused of complicity in crimes against humanity over chemical attacks in 2013, a judicial source and plaintiffs in the case said Wednesday. The judicial source told AFP Assad was also suspected of complicity in war crimes for the attacks, blamed by the opposition on the regime, that…

Pro-Israel Group Paid Students $250 Each to Attend ‘March for Israel’ Event in DC

The “Israel on Campus Coalition” offered college students $250 “microgrants” to attend the “March for Israel” event in Washington, DC on Tuesday. “The ‘Israel on Campus Coalition’ is funded by ‘pro-Israel’ billionaires such as Bernie Marcus, founder of Home Depot, and Jan Koum, founder of WhatsApp,” Michael Tracey reported. A group called “Israel on Campus Coalition” gave “microgrants” for people…

WAPO Investigation: Ukrainian military officer coordinated Nord Stream pipeline attack

A senior Ukrainian military officer with deep ties to the country’s intelligence services played a central role in the bombing of the Nord Stream natural gas pipelines last year, according to officials in Ukraine and elsewhere in Europe, as well as other people knowledgeable about the details of the covert operation. The officer’s role provides the most direct evidence to…

Former Pakistan Prime Minister Imran Khan to face jail trial in Cipher case

Backgrounder. Imran Khan is a former Pakistani cricket player, politician, philanthropist, and prime minister of Pakistan (2018–22). He became a national hero by leading Pakistan’s national team to a Cricket World Cup victory in 1992 and later entered politics as a critic of government corruption in Pakistan. Khan’s calls for investigations into government corruption, along with supporting evidence released in…