A consortium of global law enforcement agencies led by Britain’s National Crime Agency announced a takedown operation this week against two major Russian money-laundering networks that process billions of dollars each year in more than 30 locations around the world. WIRED had exclusive access to the investigation, which uncovered new and troubling laundering techniques, particularly…
Following a series of deadly attacks in China that have shocked the nation, orders for traffic safety barriers for schools, shopping districts and other public places have soared, according to several Chinese suppliers. The companies said they had seen substantial increases in product inquiries and purchases in November compared to earlier months, with some firms…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Donald Trump names David Perdue as pick for US ambassador to China US president-elect Donald Trump has picked former senator David Perdue as his ambassador to China,…
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China is ramping up domestic repression to a degree that transcends the typical bounds of authoritarianism. This isn’t mere autocracy – its regime increasingly resembles fascism. I use the term cautiously, aware of its historical weight, but the hallmarks are too striking to ignore. First hallmark: Cult-like worship of Xi Jinping The first hallmark is…
Luxury goods retailer Ginza Xiaoma has shared more details about the 66 Hermes handbags taken during a burglary at its Hong Kong store, with most of the stolen goods coming from the highly popular Kelly and Birkin lines. The company also reiterated on Wednesday night that it had fully compensated clients who had entrusted their…
So Macron will just appoint a new prime minister, right? Yes, but it’s not that simple. The French National Assembly is divided into three political blocs: Macron’s centrists, the far-right National Rally, and the left-wing coalition. The three groups are poles apart on politics and refuse to work together, meaning that any new government could…
Barnier’s minority government, backed by a fragile coalition of conservative and centrist lawmakers, does not have the votes needed to pass its legislation outright without the far right’s tacit support. Under the French constitution, the government can pass legislation without parliamentary approval. However, lawmakers can then challenge this through a motion of no confidence, which,…
German Foreign Minister Annalena Baerbock has criticised China’s support for Russia’s war against Ukraine ahead of a visit to Beijing. “Instead of shouldering responsibility for peace and security in the world as a permanent member of the UN Security Council, China is going against our core European interests by providing economic and military aid to…
And unlike others in Trump’s MAGA circle, Kellogg welcomed President Joe Biden’s decision to approve Ukraine’s use of U.S.-supplied long-range missiles to strike targets inside Russia, saying it has given Trump “more leverage” and adding that “it gives President Trump more ability to pivot from that.” Contrast that with the howls of protest over the…