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China's Tech Distress Grows as U.S. Chip Sanctions Bite
Business

China's Tech Distress Grows as U.S. Chip Sanctions Bite

Semiconductor imports to China are falling and Chinese companies say they are struggling to get key components and machinery. Source link

Russia Defies Sanctions by Selling Oil Above Price Cap
Business

Russia Defies Sanctions by Selling Oil Above Price Cap

Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year ago. Source link

Internet Archive's digital book lending violates copyrights, US judge rules By Reuters
Stock Market

Top US sanctions architect to lead Treasury’s financial crimes team -Yellen By Reuters

© Reuters. FILE PHOTO: FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/File Photo/File

Finances

China urges ‘practical’ US action on sanctions after Yellen talks By Reuters

© Reuters. FILE PHOTO: United States and Chinese flags are set up before a meeting between U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier

Finances

Countries repatriating gold in wake of sanctions against Russia

© Reuters. Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia,

BoE's Bailey urges firms to assume lower inflation when setting prices By Reuters
Finances

U.S., UK, EU officials met with financial firms on Russian sanctions evasion By Reuters

© Reuters. Spring flowers are seen in front of a sign reading “Spring Meetings 2023” where world bank leaders are attending, in the World Bank

Microsoft to Pay $3 Million Over Russia Sanctions, Export Controls Violations
Business

Microsoft to Pay $3 Million Over Russia Sanctions, Export Controls Violations

Risk & Compliance Journal The majority of the apparent violations involved blacklisted Russian companies or persons in the Crimea region of Ukraine, Treasury officials said

U.S., Microsoft reach settlement over tech firm's sanctions violations By Reuters
Stock Market

U.S., Microsoft reach settlement over tech firm’s sanctions violations By Reuters

© Reuters. FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. REUTERS/Gonzalo Fuentes By Kanishka

Huawei posts biggest ever drop in profit as sanctions, COVID bite
Stock Market

Huawei posts biggest ever drop in profit as sanctions, COVID bite By Investing.com

© Reuters. By Geoffrey Smith  Investing.com — Huawei said its profit last year fell the most on record, as the squeeze of U.S. sanctions tightened

Fed, Treasury Fine Wells Fargo for Sanctions Violations
Business

Fed, Treasury Fine Wells Fargo for Sanctions Violations

Markets Financial Regulation Federal Reserve and the Treasury Department are fining the bank $97.8 million Source link