International

Headlines

What happens when Chinese students abroad return home

JIMMY ZHONG IS a Beijinger who speaks English with an American accent and wears a baseball cap. Sitting in his tatty office in the Chinese capital, he recalls the heady days of life in Manhattan after finishing his degree in maths and computer science at Emory University in Atlanta, Georgia. By then he was already rich, having sold his first company—an...

China’s insatiable appetite for foreign travel

IT IS SAID to be the second-most-popular destination for Chinese visitors to Britain after Buckingham Palace, yet Liu Xiaoming, China’s ambassador to the country since 2009, jokes that he has refused invitations to take part in tree-planting ceremonies there. The attraction is Bicester, a town in Oxfordshire of little note for tourists except...

Long-term Chinese immigrants in Italy

THE CITY OF Prato, in the hills of Tuscany, is as Italian as the region’s Chianti. It is also the heart of the fashion industry, where fine fabrics are made for brands such as Gucci and Armani. “Made in Italy” is still a label proudly displayed. But many of Prato’s factories are now owned, and staffed, by Chinese. Within the 14th-century...

Why many rich Chinese don’t live in China

A STRAIGHT TRACK through a wood, and a guard hut at the end of it, is all there is to “China City of America”. A sign on a flimsy barrier says, “Do not enter”. It is hard to imagine that if the developer, a Chinese emigrée, has her way, this rural nook in the Catskill Mountains of upstate New York might one day become a sprawling complex...

Chinese workers and traders in Africa

ON THE EDGE of Walvis Bay, a port town in Namibia sandwiched between the Atlantic Ocean and endless sand dunes, the offices-cum-residential-quarters of the China Harbour Engineering Company (CHEC) look like a barracks. Electrified barbed wire tops the surrounding wall. A Chinese manager explains that “we have military-style management.” The...

Finance

How Boston Is Trying to Close the Gender Pay Gap

ImageMegan Costello is executive director of the Mayor’s Office of Women’s Advancement, which is working with Boston-area employers to try to reduce pay inequity between women and men.CreditTony Luong for The New York TimesSectionsSkip to contentSkip to site indexHow Boston Is Trying to Close the Gender Pay GapThrough pay-negotiation workshops...

Tax Break, or Kickback? Energy Benefit Becomes a Lightning Rod

Tax Break, or Kickback? Energy Benefit Becomes a Lightning RodImageThe Port Authority Bus Terminal in New York is among the public projects that have benefited from an energy-efficiency tax deduction. Many agencies have been prevented from taking advantage of the same incentive.CreditJoshua Bright for The New York TimesBy Patricia CohenMay 25, 2018Over...

Trump Moves to Ease the Firing of Federal Workers

Trump Moves to Ease the Firing of Federal WorkersImageThe Department of Veterans Affairs in Washington. The Trump administration’s push to make it easier to fire government workers reflects conservatives’ long-running suspicion of the federal bureaucracy.CreditTom Brenner/The New York TimesBy Noam ScheiberMay 25, 2018President Trump on Friday...

Trump Administration Plans to Revive ZTE, Prompting Backlash

Trump Administration Plans to Revive ZTE, Prompting BacklashImageThe Trump administration is said to have reached a deal that would allow the Chinese telecom firm ZTE to once again begin doing business with American companies.CreditManu Fernandez/Associated PressBy Ana SwansonMay 25, 2018WASHINGTON — The Trump administration told lawmakers it...

U.S. News Outlets Block European Readers Over New Privacy Rules

U.S. News Outlets Block European Readers Over New Privacy RulesImageThe home page of the Chicago Tribune on Friday, as viewed from Europe.By Adam SatarianoMay 25, 2018LONDON — American news outlets including The Chicago Tribune, The Los Angeles Times and The Arizona Daily Star abruptly blocked access to their websites from Europe on Friday, choosing...

Legal

2018 – Problem and Promise of Cryptocompliance in Asia

The first ever bitcoin transaction occurred in 2009. Despite bitcoin’s meteoric rise in value since then, from 1 cent per coin in May 2010 to USD 17,900 per coin in December 2017, governments around the world have been extraordinarily slow to respond and implement regulatory regimes. In this three-part post, we look at “cryptocompliance” as...…...

Yahoo Fined Millions by SEC for Failing to Disclose Cybersecurity Breach

In late April, the U.S. Securities and Exchange Commission (SEC) hit Yahoo with a $35 million dollar fine for failing to properly assess and disclose a 2014 data breach that affected more than 500 million user accounts. The case marks the first time the SEC has charged a public company with cybersecurity-related disclosure violations and...… Continue...

Mexico’s Anticorruption Legislation – Part 3

Mexico’s anticorruption legislation requires a strong corporate compliance program. In the third of his posts about the Mexican National Anticorruption System, Jose Martin explains effects of the law on compliance. Read the full post here.… Continue ReadingRead More

Iran’s “Trojan Horse” Bank

The Kingdom of Bahrain recently filed its statement of defence in an ongoing UNCITRAL arbitration in the Permanent Court of Arbitration (“PCA”) in The Hague against Iranian financial institutions Bank Melli and Bank Saderat. The statement of defence cites a Bahraini government audit evidencing a multibillion-dollar corruption scheme perpetrated...

World Bank Debarments for Misconduct in Southern Asia

In line with its Sanctioning Guidelines, the World Bank recently debarred four companies for corporate misconduct in countries across Southern Asia. Debarment excludes the companies temporarily from bidding on World Bank-financed contracts and effectively prevents them from accessing World Bank financing. The World Bank The World Bank is a Washington,...

Deals

Investcorp sells Veco Precision, a division of SPGPrints

Investcorp, a leading global provider and manager of alternative investments, today announces that it has sold Veco Precision (or “Veco” or “the Company”) to Gilde Buy Out Partners and Management. Veco is being carved out of and sold by its parent company SPGPrints Group B.V, the leading global provider of integrated solutions for rotary...

Offshore deal volume in 2017 outpaces previous year

Busiest year on record for offshore IPOs, Appleby reports The number and value of offshore M&A deals rose in 2017, making it one of the busiest years recorded for the region, according to a report released today by offshore law firm Appleby.  The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition...

Cavendish advises leading travel and tourism PR and marketing communications agency Hills Balfour on its merger with MMGY Global

Cavendish Corporate Finance, the specialist sell-side M&A firm, has advised Hills Balfour, Europe and Dubai’s leading travel and tourism marketing communications agency, on its merger with MMGY Global, the world’s largest integrated marketing company specialising in travel and hospitality. The merger, which includes Hills Balfour’s offices...

PCI completes acquisition of Australia-based pharmaceutical packaging professionals

Acquisition establishes an Asia Pacific Headquarters for PCI Leading pharmaceutical outsourcing services provider PCI Pharma Services (PCI) announced the completion of its acquisition of Melbourne, Australia-based Pharmaceutical Packaging Professionals (PPP).  PPP is a leading provider of clinical trial manufacturing, packaging, storage and...

Intralinks Deal Flow Predictor forecasts strong first half for M&A in 2018

Worldwide M&A announcements predicted to increase by up to 10% year-over-yearAsia Pacific and Europe predicted to lead growth in M&A activity The Intralinks Deal Flow Predictor, an indicator of future mergers and acquisitions (M&A) announcements with a proven track record for accuracy, forecasts that the number of worldwide announced M&A deals in...

Acq Lite

Hear Our Good News Guru Story Friday Morning About Incredible Chain of Good Deeds That Saved 6 Lives

Listen to The Good News Guru Friday morning around 6:50 PST (9:50 am EST) to hear the story of one stranger’s INCREDIBLE act of selfless generosity that resulted in a ripple effect of good deeds that saved a half-dozen lives. HERE IS THE AUDIO from the Ellen K. Morning Show on KOST-103.5 If you miss any [...] The post Hear Our Good News Guru...

Mark Hamill Gets Chewbacca Hug From Harrison Ford, and a Star on Hollywood Walk of Fame

Hollywood's Walk of Fame has finally been graced with the addition of the Jedi Master himself: Mark Hamill. The post Mark Hamill Gets Chewbacca Hug From Harrison Ford, and a Star on Hollywood Walk of Fame appeared first on Good News Network. Read More

On Women’s Day, Government Launches Biodegradable Sanitary Pads

The hygiene products will also only cost a measly Rs. 10 – which is roughly $0.15 a pop. The post On Women’s Day, Government Launches Biodegradable Sanitary Pads appeared first on Good News Network. Read More

Comfy Armchairs Pouring in For Animal Shelter So Every Pet Can Have a Spot

Since posting an adorable 10-second video of their lounging dogs, this Illinois shelter has received dozens more chairs for their other animal residents. The post Comfy Armchairs Pouring in For Animal Shelter So Every Pet Can Have a Spot appeared first on Good News Network. Read More

‘Humans of New York’ Makes History Raising $1Mil in 4 Days to Build Housing For Rohingya Refugees

The page has become one of the fastest campaigns in GoFundMe history to raise over $1 million for a cause. The post ‘Humans of New York’ Makes History Raising $1Mil in 4 Days to Build Housing For Rohingya Refugees appeared first on Good News Network. Read More