Russia has authorised retailers to import products from abroad without the trademark owner’s permission, Prime Minister Mikhail Mishustin said on Wednesday, after global brands halted sales or stopped exports over Moscow’s military campaign in Ukraine. Russia’s retail sector has been upended by Western economic sanctions and decisions by firms such as H&M, Apple and Nike…
Sanctioned Russian Bank VTB Sees Strong Demand for Gold Bars
Russia’s second-largest lender VTB, hit by Western sanctions over Moscow’s actions in Ukraine, has sold one tonne of gold to customers this month and expects demand to increase, the state-controlled bank said on Wednesday. Russia scrapped a 20% value-added tax on gold buying for individuals on March 1 as people rushed to park their savings…
FBI Says Russian Hackers Scanning US Energy Systems and Pose ‘Current’ Threat
March 31, 2022
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Business & EconomyCompanieseconomic policieseconomyEuropeFBIMarketsMedia & Big TechRussia-Ukraine WarRussian hackersUkraineWorld
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WASHINGTON—Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a “current” threat to American national security, a top FBI official told lawmakers on Tuesday. “The threat from Russia in a criminal sense, in the nation state sense, is very, very…
Senate Votes to Move Forward with Alvaro Bedoya’s FTC Confirmation
The Senate on March 30 narrowly voted to advance President Joe Biden’s nomination for Federal Trade Commissioner, Alvaro Bedoya, bringing him one step closer to being confirmed. Biden nominated Bedoya, a Georgetown University law professor, in September to join the board of the Federal Trade Commission (FTC), which deals primarily with antitrust and consumer protection law. If confirmed,…
Chinese Tech Giant Baidu Added to SEC List, Faces Potential Delisting
March 31, 2022
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baiduBusiness & EconomyChinaChina Business & EconomyChinese RegimeCompaniesHFCAAMarketsMedia & Big TechPolicies & ImpactsSecurities and Exchange CommissionstocksThreat from Communist ChinaUSUS-China relations
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U.S.-traded Chinese search giant Baidu Inc. is one of the latest companies, mostly China-based, to face possible delisting from American exchanges unless they abide by auditing standards. The Securities and Exchange Commission (SEC) added Chinese search engine Baidu on March 30 to its growing provisional list under Holding Foreign Companies Accountable Act (HFCAA), alongside other four firms….
Chinese Tech Giant Baidu Added to SEC List, Faces Potential Delisting From US
March 31, 2022
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baiduBusiness & EconomyChinaChina Business & EconomyChinese RegimeCompaniesHFCAAMarketsMedia & Big TechPolicies & ImpactsSecurities and Exchange CommissionstocksThreat from Communist ChinaUSUS-China relations
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U.S.-traded Chinese search giant Baidu Inc. is one of the latest companies, mostly China-based, to face possible delisting from American exchanges unless they abide by auditing standards. The Securities and Exchange Commission (SEC) added Chinese search engine Baidu on March 30 to its growing provisional list under Holding Foreign Companies Accountable Act (HFCAA), alongside other four firms….
Senator Advocates Australian Energy Independence and Oil Drilling Off Southern Coast
South Australian Liberal Senator Alex Antic has said he supports drilling for oil in the Great Australian Bight, a large oceanic bay off the southern coastline, in order to help Australia become energy independent. Speaking in federal Parliament on Tuesday, Antic said that former U.S. President Donald Trump was right to work towards making America energy independent, as…
Arizona Governor Signs Bills on Abortion, Transgender Issues Into Law
Arizona Gov. Doug Ducey has signed into law three bills that restrict abortions, limit gender reassignment surgeries, and block transgender athletes from participating in female sports. Ducey signed Senate Bill 1164 (pdf) to ban abortions after 15 weeks of pregnancy. The measure, which the legislature approved largely along party lines, sets exceptions for medical emergencies that could cause…
Arizona Governor Signs Into Law Bills on Abortion, Transgender Issues
Arizona Gov. Doug Ducey signed into law three bills on Wednesday to restrict abortions, restrict gender reassignment surgeries, and block transgender athletes from participating in female sports. Ducey signed Senate Bill 1164 (pdf) to ban abortions after 15 weeks of pregnancy. The state legislature passed the bill largely along party lines. The measure contains exceptions for medical emergencies…
Inversion of Key US Yield Curve Slice Is a Recession Alarm
March 31, 2022
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AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCompanieseconomyinflationinversionLocal NewsMarketsNew YorkrecessionRegional-Local NewsUSUS Newsus treasuryyield curve
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NEW YORK—A closely monitored section of the U.S. Treasury yield curve inverted on Tuesday for the first time since September 2019, a reflection of market concerns that the Federal Reserve could tip the economy into recession as it battles soaring inflation. For a brief moment, the yield on the two-year Treasury note was higher than…
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