BUSINESS

Viya tax evasion
Beijing Demands $210 Million From China’s ‘Queen of Live Streaming’ Viya
Chinese tax authorities have hit live-stream shopping influencer Huang Wei, known to her fans as Viya, with an unprecedented 1.34 billion yuan (US$210 million) penalty for tax evasion and ordered her to refrain from rejoining...
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Facebook Banned 7 ‘Cyber Surveillance Companies for Tracking and Hacking 48,000 Users’ Devices
Meta has banned seven alleged surveillance-for-hire companies from its platforms after those parties installed spyware on end-users' phones, mining their confidential data, hacking their devices, and selling their data to rogue countries. Meta, the parent...
US-Capitol-Washington-DC
US Adds More Chinese Firms to Trade Blacklist for Human Rights Abuses
The Biden administration imposed trade restrictions on over 30 Chinese companies and research institutes on Dec. 16. These entities were accused of being involved in the development of technologies used for human rights abuses and...
Christmas_tree_New_York
Christmas Paychecks in Jeopardy After Ransomware Attack
With Christmas just a few days away, Americans are awaiting their paychecks to spend big for the celebration. However, many of them might not have received their wages on Dec. 17, the final payday prior...
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China Clamps Down on Starbucks, Tesla as It Encourages Boycotts of International Brands
By Tianzi Yang A report published on Dec. 14 described a Chinese reporter trying to expose food safety problems at a Starbucks in Wuxi, a city near Shanghai. News of the report was seen trending...
Sign outside one of the offices of McKinsey & Company.
Sen. Rubio: Consulting Firm That Served Pentagon Lied About Its Links to Chinese Government
According to Senator Marco Rubio from Florida, the world’s largest management and consulting firm McKinsey & Co. “appears to have lied” in regards to its connections with the Chinese government. Rubio said McKinsey executives told...
Chinese and Russian hackers pose a major security threat to the U.S. This photo taken on August 4, 2020 shows Prince, a member of the hacking group Red Hacker Alliance who refused to give his real name, using his computer at their office in Dongguan, China's southern Guangdong province.
Chinese Tech Giant Huawei Linked to Surveillance Operations and Intelligence Gathering: Report
An analysis by the Washington Post finds that Chinese telecommunications firm Huawei may have played a larger role in surveillance and software programs than previously acknowledged by both the company and the government.  The review...
China economy failing
The Economic Scenario Beijing Fears Most Is Just Around the Corner
News analysis On Dec. 8 through Dec. 10, China held its annual Central Conference on the Economy in Beijing. The meeting is the highest level of economic analysis and decision-making of the Chinese Communist Party...
Russia's President Vladimir Putin (L) attends a meeting with China's Vice President Xi Jinping (R) prior to a meeting at the Shanghai Cooperation Organisation (SCO) summit at the Great Hall of the People on June 6, 2012 in Beijing, China.
Xi and Putin to Hold Virtual Meeting, Bolstering Sino-Russian Relationship
As diplomatic pressure from the U.S. and other Western countries continue to mount, Chinese President Xi Jinping and his Russian counterpart Vladimir Putin are scheduled to hold a virtual meeting on Dec. 15. The meeting,...