Author: BakChiZai

Bangladesh sues Philippine bank over US$81 million cyberheist from New York Federal Reserve

Bangladesh’s central bank on Thursday sued a Philippine bank to recoup losses it suffered when unidentified hackers stole US$81 million from its account at the Federal Reserve Bank of New York nearly three years ago. In a complaint filed with the US District Court in Manhattan, Bangladesh Bank accused Rizal Commercial Banking Corp (RCBC) and…

Europe launches trade vehicle to bypass US sanctions against Iran and salvage nuclear deal while Washington threatens ‘severe consequences’

Britain, France and Germany on Thursday launched a trade mechanism to bypass US sanctions on Iran, drawing praise from Tehran – and a warning from Washington. Brussels hopes the long-awaited special payment system will help save the Iran nuclear deal by allowing Tehran to keep trading with EU companies despite Washington reimposing sanctions after US…

Juan Guaido, Venezuela’s self-proclaimed president, says police agents came to his home

Venezuela’s opposition leader Juan Guaido said on Thursday elite security forces went to his home to threaten his family, blaming the government of Nicolas Maduro as international support grew for his bid to take over the embattled president. The move heightened fears for the security of the 35-year-old National Assembly leader, who declared himself acting…

French police deny report that Chinese billionaire and HNA chairman Wang Jian committed suicide

French investigators on Thursday denied a report that a Chinese billionaire who fell to his death in the south of France last year committed suicide or was killed, seeking to end speculation about the case. The death of tycoon Wang Jian, the HNA chairman who plunged from a high wall during a holiday in France,…

Donald Trump says trade war will ‘hopefully’ be resolved before March – but not before he’s met Xi Jinping

US President Donald Trump, boasting of good progress in first-day trade talks with China, said on Thursday that he and Chinese President Xi Jinping planned to meet soon to work out the toughest issues in the negotiation. Although he said that Wednesday’s first meetings between American and Chinese negotiators had gone well, Trump added in…

Donald Trump says trade war will ‘hopefully’ be resolved before March – but not before he’s met Xi Jinping

US President Donald Trump, boasting of good progress in first-day trade talks with China, said on Thursday that he and Chinese President Xi Jinping planned to meet soon to work out the toughest issues in the negotiation. Although he said that Wednesday’s first meetings between American and Chinese negotiators had gone well, Trump added in…

Donald Trump appears to sour on congressional border security talks over course of furious tweets

US President Donald Trump took to Twitter on Thursday to ratchet up his demands on his long-stalled border wall, appearing to sour on congressional talks aimed at striking a deal with Democrats that he could sign. In a barrage of morning tweets, Trump sent mixed messages in which he alternately hardened his wall demand and…

How the US indictments may play out for Huawei

Huawei Technologies could face repercussions that are more severe than rival ZTE Corp if it is found guilty of violating sanctions on Iran, industry watchers say, because the US political climate has become more negative and wary of China’s technological and economic ambitions. Huawei, the world’s biggest telecommunications network equipment supplier, faces nearly two dozen…