Spain, France Arrest 5 Members of Chinese Money Laundering Gang That Smuggle Over 1 Million Euros a Day
French and Spanish authorities have arrested five members of a suspected Chinese money laundering network in Spain this week.
Regions
ECB’s Interest Rates Remain Unchanged But May See Cuts in September
The European Central Bank announced that it would keep interest rates unchanged but may change by the next quarter.
European Commission President Ursula von der Leyen Re-Elected to Second Term
The European Commission has re-elected its president, Ursula von der Leyen, for another five-year term. The continent is facing crises ranging from the war in Ukraine to climate change to migration to..
Charles III Reads Labour's Economic Plans in UK's State Opening of Parliament
Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate..
Russia's Plot to Assassinate CEO of German Arms Firm Supplying Ukraine Thwarted by US, Germany
Russia's attempted assassination plot targeting Armin Papperger, CEO of Rheinmetall AG, a major German arms manufacturer supplying Ukraine, was thwarted by US and German authorities...
Tesla Increases Model 3 Prices in Europe Over China EV Tariffs
Tesla has increased the price of its Model 3 cars in European countrie...
UK Unveils New Stock Market Listing Rules to Simplify, Streamline the Process
As UK IPOs declined, the Financial Conduct Authority (FCA) has propose...
Latest News
Brazil's Former President Jair Bolsonaro Indicted in Money Laundering: Report
Brazil's former president Jair Bolsonaro was indicted by the country's Federal Police for alleged money laundering and criminal association.
China's BYD Launches Electric Vehicle Factory in Thailand, Expanding Regional Presence
BYD, China's largest electric vehicle maker, has opened its first factory in Southeast Asia in Thailand, marking a strategic move into the region's growing EV market supported by government incentives
Germany Blocks Volkswagen Subsidiary Sale to China Over National Security Concerns
Germany has blocked the sale of MAN Energy Solutions, a Volkswagen subsidiary, to a Chinese firm due to concerns over national security, amidst escalating tensions with China over trade issues.
Lufthansa Receives EU Approval to Acquire ITA Airways for $350 Million
Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million.
Russia's Central Bank Encourages Businesses to Use Crypto to Evade Sanctions
Russia's central bank has advised businesses to explore alternative solutions, including cryptocurrencies and other digital assets, to facilitate payments with foreign partners.
Brazil Orders Meta to Cease Using Personal Data for AI Training
Meta cannot use Brazilian personal data to build its AI models, according to the country's data protection authorities.
Microsoft Breach Hits US Agencies: State Department and VA Among Affected
Several US government entities, including the Department of Veterans Affairs and a State Department arm, have confirmed being affected by a Microsoft breach attributed to Russian state-sponsored hacke
High-Tech Yen Bills: Japan Issues First Set of New Banknotes in 20 Years With Hologram Portraits
The first new banknotes of Japan in 20 years have finally hit circulation this week.
Biden Administration Revokes Some Licenses for Exporting Goods to China's Huawei in 2024: Report
The Biden administration canceled eight export licenses this year that had allowed several companies to send goods to the Chinese telecom giant Huawei.
