The US announced further sanctions against Russia for its war in Ukraine on Wednesday. It targeted a major commercial bank as well as “a global network of more than 40 individuals and companies managed by US. The US Treasury Department also claimed it was going after “businesses participating in Russia’s virtual currency mining industry, which … Read more
HONG KONG: Chinese artificial intelligence startup SenseTime said on Monday it will press ahead with its Hong Kong listing, a week after it was blacklisted by the United States over accusations of genocide in Xinjiang. An initial listing earlier this month was pulled when the US Treasury announced new sanctions, saying SenseTime’s facial recognition programmes were … Read more
MOSCOW: Saudi Arabia’s holdings of US Treasury securities recorded slight change in September, Arab News reported. The total value of the securities held by Saudi residents stood at $124.3 billion as of the end of September, up 0.2 percent from $124.1 billion in August, according to the latest data from the US Department of Treasury. … Read more
WASHINGTON – The US Treasury slapped sanctions on prominent Lebanese tycoons Jihad al-Arab and Dany Khoury and lawmaker Jamil Sayyed for allegedly benefitting from corruption and adding to the breakdown of the rule of law in their country. The three “have each personally profited from the pervasive corruption and cronyism in Lebanon, enriching themselves at … Read more
