China is readying a revision of its law on money laundering, signalling a hardening of penalties for financial crimes and a desire to keep practices in line with international standards.
German businesses operating in China have said they face ‘unfair competition’, complicating the already tense relationship between the two countries in advance of a visit from Chancellor Olaf Scholz.
The G7 price cap on Russian oil is cutting the revenue that Moscow has available, and its effectiveness is helped by Indian refiners, according to remarks.
A senior adviser to President Biden proposed expanding the Group of 7 (G7) to the Group of 9 on Thursday, adding Australia and South Korea to the set of Western diplomatic allies. Ron Klain, Biden’s former chief of staff, argued that adding the two nations to the group would help balance against the rising BRICS…