Chinese crime rings already dominate the illegal marijuana trade in the U.S. and launder cocaine and heroin profits. Now a federal task force is investigating their role in a burgeoning form of gift card fraud. by Craig Silverman and Peter Elkind, ProPublica Federal authorities are investigating the involvement of Chinese organized crime rings in gift card fraud schemes that have stolen hundreds of millions of dollars or more from American consumers. The U.S. Department of Homeland...
Maine is the newest frontier for the illicit marijuana trade, with potentially hundreds of suspected unlicensed grow houses operating in the state, a CBS News investigation has found. It's part of a larger phenomenon nationwide. Thousands of illegal marijuana farms have been cropping up in states like Oklahoma, California and Colorado, according to Raymond Donovan, the former chief of operations for the Drug Enforcement Agency."[Maine] is a perfect location to cultivate cannabis and do it in a...
The US Federal Trade Commission said on Monday it was suing to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate competition. This comes at a time when several US lawmakers have sought increased scrutiny from the FTC of several multi-billion dollar deals that might risk higher prices and affect consumers. US antitrust enforcers had also come out with new merger guidelines in December, in a bid to encourage fair, open and competitive...
Commentators have been going for months debating the merits of the New York/“hush money" prosecution of Donald Trump. Is it “serious"? Is it serious enough? How does it match up against the three
Recent data over a seven-day period ending April 21, 2024, shows that non-fungible token (NFT) sales have declined by 25.48%, totaling approximately $236.96 million. Bitcoin dominated the NFT market this week, contributing $111.8 million to the overall sales since April 14. NFT Sales Tumble This week, NFT revenues fell 25.48% compared to the previous week. […]
This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. I’ve wanted to learn more about the world of solar panels ever since I realized just how dominant Chinese companies have become in this field. Although much of the technology involved was…
Stock markets in the Asia-Pacific region traded mostly higher at the start of the week, while Chinese stocks dipped in the negative territory as investors digested the People's Bank of China's (PBoC)
Chinese firms are racing to set up factories in Mexico to bypass US tariffs and sanctions.
Commerce department says gross domestic product growth decelerated to 1.6% at start of year as consumers slowed spendingAmerica’s leading stock indices came under pressure on Thursday after official data revealed that US economic growth slowed sharply to its weakest rate in almost two years.But as high interest rates take their toll on the world’s largest economy, inflation continues to loom large. Continue reading
MUMBAI, (IANS) – Pharma major Lupin Limited has said that it has launched Mirabegron extended-release tablets, 25 mg, in the US market, after having received approval from the Food and Drug Administration. Mirabegron Extended-Release Tablets, 25 mg is a generic equivalent of Myrbetriq®Extended-Release Tablets, 25 […]
Asian markets mostly rose Tuesday, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.The apparent easing of Iran-Israel tensions after the rivals launched missile attacks against each other continued to weigh on oil prices, while the yen inched slightly higher as Japan again warned authorities had the room to intervene to support the currency.Investors are a little...
The U.S. doesn't want Chinese automakers to use Mexico to avoid tariffs