NEW DELHI—Indian authorities on Saturday seized $725 million from Chinese smartphone company Xiaomi, accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad, officials said. The Enforcement Directorate, India’s financial investigation agency, tweeted that it had seized the amount from Xiaomi’s local unit. The move comes after an investigation was launched…
India Seizes $725 Million China’s Xiaomi Over Remittances
May 2, 2022
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesIndiaInternational RelationsremittancestechnologyWorldXiaomi
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Jack Dorsey Says This Was His ‘Biggest Failing’ at Twitter
Twitter, Inc.’s co-founder Jack Dorsey, who gave up his chief executive officer role at the social media platform late last year, shared his insights into what it would take to reinvigorate the platform. Owning Up Responsibility: Twitter has always tried to do its best, given the information it had, Dorsey said in a series of…
LIVE UPDATES: Russia Resumes Shelling, Says Ukrainian Commander
May 1, 2022
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Business & Economyeconomic policieseconomyEuropeInternationalMarketsRussiaRussia-Ukraine WarUkraineWorld
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The latest on the Russia–Ukraine crisis, May 2. Click here for updates from May 1. Ukrainian Commander: Russia Resumes Shelling A Ukrainian military officer says that Russian forces have resumed their shelling of a steel plant in the war-torn port city Mariupol immediately after the partial evacuation of civilians. Ukrainian National Guard brigade commander Denys…
LIVE UPDATES: Ukraine Formally Closes Seaports Captured by Russia
May 1, 2022
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Business & Economyeconomic policieseconomyEuropeInternationalMarketsRussiaRussia-Ukraine WarUkraineWorld
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The latest on the Russia–Ukraine crisis, May 2. Click here for updates from May 1. Ukraine Formally Closes Seaports Captured by Russia Ukraine has formally closed its four Black and Azov sea ports, which Russian forces have captured, the Ukrainian agriculture ministry said on Monday. The Azov Sea ports of Mariupol, Berdiansk, and Skadovsk and…
LIVE UPDATES: Russia Makes Gas Payments Easier; as EU Energy Ministers Hold Crisis Talks
May 1, 2022
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Business & Economyeconomic policieseconomyEuropeInternationalMarketsRussiaRussia-Ukraine WarUkraineWorld
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The latest on the Russia–Ukraine crisis, May 2. Click here for updates from May 1. Russia Makes Gas Payments Easier Russian tax law has been amended to make it easier for foreign companies to open accounts in Russian banks and register with the country’s tax authority. President Vladimir Putin signed a bill into law amending…
Major Parties Peddling Short Term Solutions on Housing Affordability: Economist
May 1, 2022
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anthony albaneseAustraliaaustralian housing marketBusiness & Economyeconomic policiesInternationalInvestmentPeter TulipScott MorrisonWorld
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Both major parties are dealing with Australia’s housing affordability issues with short term responses that will only drive up the cost of homes, according to the chief economist at the Centre for Independent Studies, Peter Tulip. Tulip’s comments come after the federal opposition Labor Party announced its housing affordability strategy on May 1. The centre-left…
Moderna Targeting Fall Release for Omicron Variant-Specific COVID-19 Boosters
A top executive at vaccine maker Moderna said that an Omicron- and subvariant-specific COVID-19 vaccine booster will be potentially released by the company in the fall. “We announced a couple weeks ago a new, variant-specific booster that we’ve been testing, and we have an additional candidate, our lead candidate, in testing now that I believe…
The CNN That Was
Commentary The demise of CNN+ after less than a month has led to unfettered gloating on the right. It might be more appropriate for conservatives to reflect on the debt they owe to what actually used to be the “Most Trusted Name in News,” long before that now-dubious slogan was coined. CNN’s new streaming service…
Money Maze: Retirees Turn Detective to Find ‘Lost’ Pensions
When Sam Semilia toted up his retirement finances, he was pretty sure that he was due a pension from his time working as a steam engineer for the Diamond Crystal salt company four decades before. Salty is one way to describe the search for his money, a four-year odyssey filled with shredded paper trails and…
Plagiarizing The Billionaires: How to Invest Your Way Around Inflation
Commentary “The finance gerontocracy that runs the country through whatever silly virtue-signaling-slash-hate-factory term like ESG [environmental, social, and governance] they have versus what I would call—what we have to think of as a revolutionary youth movement…. When they choose not to allocate to Bitcoin, that is a deeply political choice, and we need to be…
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