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
Germany Acts to Tame Facebook, Learning From Its Own History of Hate
ImageAt a Facebook deletion center in Berlin, the agents, who work for a third-party firm, remove illegal hate speech from the social network.CreditGordon Welters for The New York TimesGermany Acts to Tame Facebook, Learning From Its Own History of HateA country taps its past as it leads the way on one of the most pressing issues facing modern democracies:...
Disruptions: Me and My Numb Thumb: A Tale of Tech, Texts and Tendons
DisruptionsMe and My Numb Thumb: A Tale of Tech, Texts and TendonsImageCreditKimberly SaltBy Nellie BowlesMay 19, 2018SAN FRANCISCO — It took me a few months to accept that I had given myself tendinosis in my phone thumb.It is a depressingly modern condition in which the tendons around the thumb inflame as a result of repetitive strain —...
Cash-Rich Companies Set Record for Buybacks
Cash-Rich Companies Set Record for BuybacksBy Matt PhillipsMay 18, 2018American companies, flush with cash from the $1.5 trillion tax cut, bought back a record quantity of their own shares during the first three months of the year.[embedded content]Companies repurchased $178 billion of shares during the first quarter, up more than 42 percent from the...
Booming Savannah Port Sees Trade Tensions as Just a Hiccup
ImageA container ship passes by a restaurant on River Street in Savannah on its way to the Garden City Terminal. The Savannah port has tripled its traffic since 2000.CreditDustin Chambers for The New York TimesBooming Savannah Port Sees Trade Tensions as Just a HiccupAt the nation’s fourth-busiest gateway, local confidence over its potential outweighs...
Tech Hit This Small Town Hard. Now, Locals Hope It Will Fuel a Revival.
ImageHolywell’s High Street is a shell of its former self, as e-commerce and bigger cities increasingly draw shoppers.CreditTom Jamieson for The New York TimesTech Hit This Small Town Hard. Now, Locals Hope It Will Fuel a Revival.Holywell, a town in Wales with dozens of local retailers, has struggled with the impacts of online shopping. It is...
Legal
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,...
How to Use Data Mining for Compliance
Government uses data mining to select targets for enforcement actions. Your company can use data mining for compliance. Hear tips and insights in an eleven minute podcast in “Compliance Perspectives,” from the Society of Corporate Compliance and Ethics (SCCE). SCCE is a member-based association providing education and news updates for ethics...
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