Lawmakers Question US Banking Relationship With Hong Kong

Lawmakers Question US Banking Relationship With Hong Kong

Two U.S. lawmakers reportedly want the country to rethink its banking relationship with Hong Kong. Rep. John Moolenaar, R-Michigan, and Rep. Raja Krishnamoorthi, D-Illinois, sent a letter to Treasury Secretary Janet Yellen asking how the department plans to combat money laundering and sanctions evasion conducted through Hong Kong’s financial system, the Wall Street Journal (WSJ) reported Monday (Nov. 25). Moolenaar…

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Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says

Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says

HONG KONG (AP) — Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a senior Commerce Ministry official said Friday in Beijing. Responding to a reporter’s question about U.S. President-elect Donald Trump’s plan to impose 60% tariffs on imports…

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Scientists discover the world’s largest coral — so big it can be seen from space | International News

Scientists discover the world’s largest coral — so big it can be seen from space | International News

(CNN) — It’s more than 100 feet long, at least 300 years old and visible from space. The world’s largest coral has just been discovered in the southwest Pacific Ocean, scientists announced Wednesday. The mega coral was spotted during a scientific expedition launched by the National Geographic Pristine Seas program in October to study ocean…

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