The U.S. Department of Justice has indicted two naturalised citizens of the Marshall Islands for running a multi-year money laundering and bribery scheme—via a UN-linked non-profit organisation—to support the creation of a special economic zone within the Pacific country. One expert says the incident is an example of Beijing’s efforts to destabilise democratic institutions in…
US Indicts 2 Beijing-Linked Marshallese Citizens for Political Bribery
New South Wales Labor Pledges to Ban Phones in Public High Schools
Mobile phones will be banned in New South Wales (NSW) high school classrooms if the Labor party wins the next state election in March. A blanket ban on phones is already in place in primary schools but is optional for high schools to implement. NSW Labor Leader Chris Minns said he would extend the blanket…
Groups in Canada Echo CCP’s Threat Against Taiwan
As parliamentarians announce plans to visit Taiwan this fall, dozens of Canada-based groups known for their pro-Beijing positions are voicing support for communist China’s threat to take control over the self-ruled island. Liberal MP Judy Sgro announced last month that members of a parliamentary committee are planning a trip to Taiwan, which came after U.S….
Hedge Fund Founder Charged With FX Fraud and Manipulation
Neil Phillips, the founder of hedge fund Glen Point Capital, has been charged with committing forex market manipulation and fraud, according to the U.S. Department of Justice. Phillips, 52, has been accused of carrying out a scheme to “artificially manipulate” the exchange rate of the currency pair USD/ZAR (South African rand) to trigger a $20…
Beijing’s 3rd Most Important Official to Visit South Korea as China and US Compete Over Semiconductors
Li Zhanshu, the third most important figure in the Chinese Communist Party (CCP) and a member of the Politburo Standing Committee, is to visit South Korea in mid-September. According to experts, China and the United States are competing to win over South Korea as it is an important part of the global semiconductor supply chain….
Russia, West Step Up Energy War as Risk of Nuclear Disaster Haunts Ukraine
ZAPORIZHZHIA, Ukraine—As UN inspectors sought to avert a nuclear disaster on Ukraine’s frontline, the West and Russia wounded each other’s economies, with Moscow keeping its main gas pipeline to Germany shut on Saturday while threatened with price caps on oil exports. Russia’s state-controlled energy giant Gazprom blamed a technical fault in the Nord Stream 1…
Russia Launches War Games With China Amid Tensions With US
MOSCOW—Russia on Thursday launched weeklong war games involving forces from China and other nations in a show of growing defense cooperation between Moscow and Beijing, as they both face tensions with the United States. The maneuvers are also intended to demonstrate that Moscow has sufficient military might for massive drills even as its troops are…
Ukraine, Russia Trade Blame Over Nuclear Plant as UN Experts Investigate
ZAPORIZHZHIA, Ukraine—Ukraine and Russia traded accusations over each others’ actions around the Zaporizhzhia nuclear power plant on Friday as a team of inspectors from the UN nuclear watchdog tried to check the safety of the facility and avert a potential disaster. Ukraine’s state nuclear company said the International Atomic Energy Agency (IAEA) mission had not…
Taiwan Shooting Down a Drone Near China Was ‘Appropriate’: Premier
TAIPEI—The shooting down of a drone off the Chinese coast that buzzed a Taiwanese-controlled island was the most “appropriate” thing to do after repeated warnings, and China should exercise restraint, Taiwan Premier Su Tseng-chang said on Friday. For the first time, Taiwan’s military shot down an unidentified civilian drone that entered its airspace near an…
Labor Government Raises Migration Cap to Tackles Skills Shortages
The Labor government will lift the migration cap to a record 195,000, extend the relaxation of restrictions for students and increase post-study works rights to ease widespread critical skills shortages. These changes are among the 36 outcomes from the Jobs and Skills ending on Friday at Parliament. The summit brings together industry leaders, employers, unions…
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