Chinese regulators launch investigation into Ant Group’s equity investments

Chinese regulators are reviewing equity investments held by Ant Group Co Ltd in dozens of companies, three people with knowledge of the matter said, intensifying a crackdown on billionaire Jack Ma’s financial technology empire. Regulators are considering whether to instruct Ant to divest some of its investments, mainly in technology and fintech start-ups, if they… Read More Chinese regulators launch investigation into Ant Group’s equity investments

U.S. accuses two Ukrainian businessmen of using misappropriated funds for acquisition of real estate in Ohio

U.S. prosecutors on Wednesday accused Ukrainian tycoon Ihor Kolomoisky and another Ukrainian businessman of using misappropriated funds to buy real estate in Ohio, following earlier similar U.S. allegations involving property in Kentucky and Texas. Kolomoisky, one of the most prominent tycoons in Ukraine and regarded as a key political backer of Ukrainian President Volodymyr Zelenskiy,… Read More U.S. accuses two Ukrainian businessmen of using misappropriated funds for acquisition of real estate in Ohio

Vatican denies knowledge of transfers worth $1.8billion to Australia

The Vatican and the Australian Catholic Church have both denied knowledge of transfers worth US$1.8 billion which Australia’s financial watchdog says have been sent from Rome to Australia in the past seven years. “That amount of money and that number of transfers did not leave the Vatican City,” a senior Vatican official with knowledge of… Read More Vatican denies knowledge of transfers worth $1.8billion to Australia

Chinese court sentences twenty-nine Taiwanese deported from Spain to jail for telecoms fraud

A Beijing court sentenced 29 people from Taiwan who had been deported from Spain to up to 14 years in jail on Thursday for telecoms fraud, part of a series of deportations decried by Taiwan as an abuse of human rights. In recent years, hundreds of Taiwanese suspected of telecom fraud have been deported to… Read More Chinese court sentences twenty-nine Taiwanese deported from Spain to jail for telecoms fraud

Hong Kong top court orders remand of media tycoon Jimmy Lai

Hong Kong’s top court has remanded media and publishing tycoon Jimmy Lai, the most high-profile person to be charged under the Chinese-ruled city’s national security law, in custody until another bail hearing on February 1. The Court of Final Appeal’s ruling comes a week after Lai, one of Hong Kong’s most prominent democracy activists who… Read More Hong Kong top court orders remand of media tycoon Jimmy Lai

China approves use of Sinopharm coronavirus vaccine

China approved a COVID-19 vaccine developed by an affiliate of state-backed pharmaceutical giant Sinopharm on Thursday, making it the country’s first approved shot for general public use, as it braces for increased transmission risks over winter. DONG-YAN JIN, PROFESSOR AT THE SCHOOL OF BIOMEDICAL SCIENCES, THE UNIVERSITY OF HONG KONG “We still have not seen… Read More China approves use of Sinopharm coronavirus vaccine

U.S. calls for release of Uighur doctor jailed in China for family members’ activism

The United States called on Wednesday for the release of a Uighur Muslim medical doctor whose relatives say she was sentenced to 20 years in jail in China because of family members’ human rights activism in the United States. The daughter of Gulshan Abbas told a briefing organized with the bipartisan U.S. Congressional-Executive Commission on… Read More U.S. calls for release of Uighur doctor jailed in China for family members’ activism