13 h. ago DOJ operation busts $160 million network smuggling Nvidia chips to China

DOJ operation busts $160 million network smuggling Nvidia chips to China  Washington Times

Economics

20 h. ago U.S. uncovers scheme to reroute Nvidia GPUs worth $160 million to China despite export bans

U.S. uncovers scheme to reroute Nvidia GPUs worth $160 million to China despite export bans  CNBC

Economics

43 h. ago New China guidelines to base asset managers’ pay on the performance of funds

China’s securities regulator has called on the country’s 160 mutual fund houses to establish a performance-based salary mechanism, as part of efforts to uproot elitism from the industry. The China Securities Regulatory Commission (CSRC) has drawn up guidelines governing asset managers’ pay perks, suggesting that the performance of the funds they run should factor up to 80 per cent in determining their annual salaries, according to a report on Monday by the official Securities Times. The...

Politics

4 d. ago Singapore organisers in limbo over work visa ban on foreign performers

For about two years, six nights a week, performers from mainland China, Taiwan and Malaysia have entertained hundreds of guests at the HaveFun Live Show in Singapore, but its organisers are now in a fix ahead of coming work permit changes. On Monday, the manpower ministry announced that a scheme allowing foreign performers a work permit of up to six months at public entertainment outlets in Singapore would cease in June after enforcement operations uncovered syndicates abusing the scheme. A...

Politics

1 week ago Zelensky’s chief of staff raided amid Kyiv’s growing corruption scandal

Ukraine’s anti-corruption authorities on Friday raided the home of President Volodymyr Zelensky’s powerful chief of staff and top negotiator, Andriy Yermak, searches that come as a massive corruption scandal embroils Kyiv. Investigators earlier this month said they had uncovered a US$100 million kickback scheme in the strategic energy sector, triggering widespread public anger at a time when Russia is hammering Ukraine’s power grid, causing blackouts and threatening winter heating outages. The...

Politics

last month China Lifts U.S. Ban on Key Metals but Keeps Tight Export Controls

China Lifts U.S. Ban on Key Metals but Keeps Tight Export Controls  Modern Diplomacy

Politics