Chinese "underground bankers" reportedly helped Mexico's Sinaloa Cartel launder over $50 million from drug trafficking, according to the US Justice Department.
Regions
Philippine Business Groups Release Rare Statement Amid South China Sea Tensions
Philippine business groups condemned the recent harassment faced by the country's military amid South China Sea tensions.
After Vladimir Putin Meets Xi Jinping, Russia and China Establish Payment Alternatives to Evade US Sanctions for Now
Russia's President Vladimir Putin's visit to China last month reportedly secured alternative payment methods for the two nations.
Amazon Stops Using Disposable Air Pillows in Its Biggest Push to Reduce Plastic Packaging
Amazon is set to replace 95% of plastic air cushions in North American shipping packages with 100% recyclable paper fillers.
New York Enacts Law to Restrict Algorithm-Driven Feeds for Minors on Social Media
New York Gov. Kathy Hochul signed a bill allowing parents to block algorithm-suggested social media posts for minors and restrict notifications, aiming to limit addictive feeds for users under 18.
Latest News
Bank Indonesia announced that its interest rate was maintained at 6.25% for a second month in a row since April despite the weakening of the rupiah.
The US Senate passed a bill with strong bipartisan support to accelerate the deployment of nuclear energy by streamlining permits and creating incentives for advanced reactor technologies.
Industry groups are urgently calling for action to combat the escalating Houthi rebel attacks on merchant shipping in the Red Sea, following the recent sinking of a second vessel and over 70 drone and missile strikes since November.
Chinese Premier Li Qiang's visit to Malaysia includes plans to integrate the East Coast Rail Link with regional projects, boosting China's Belt and Road initiative in Southeast Asia.
The Vietnamese finance ministry is considering offering cash rewards to individuals offering tips to authorities in helping them track down corrupt government officials.
A US official is traveling to Japan after discussions with the Dutch government to strengthen allied to restrict China's access to advanced semiconductor technology.
India Receives First Batch of Indigenous 'Nagastra-1' Suicide Drones, Enhancing Defense Capabilities
Highlighting the growing importance of drone technology in modern warfare, the Indian Army has received its first batch of indigenously developed "Nagastra-1" suicide drones, enhancing its precision strike capabilities.
Iraqi militias are targeting US businesses such as KFC in protest to the Gaza war. Supporters of Islami Jamiat-e-Talaba (IJT), a student wing of Pakistan's Jamaat-e-Islami (JI) party stage a pro-Palestinian protest outside a Kentucky Fried Chicken (KFC) restaurant calling for boycott of Israeli products on the outskirts of Islamabad on May 7, 2024, amid the ongoing war between Israel and the militant Hamas group in the Gaza Strip.
The CDC has identified a rare flu variant in the US that shows resistance to the commonly used antiviral treatment Tamiflu, raising concerns due to two significant mutations.
