China sentenced the former head of the nation’s largest life insurer to death with a two-year reprieve, as President Xi Jinping’s crackdown on corruption in the financial industry continues. Wang Bin, ex-chairman of China Life Insurance Co., was found to …
Only a week ago, Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of everywhere else. Now, the secretive shadow banking giant has become the latest symbol of financial fragility in an $18 trillion economy where …
The footprint of President Vladimir Putin’s war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and an oil tanker. For the first time, the attacks put at risk Russia’s commodity exports …
Ukraine said any ships heading to Russian ports may be military targets, a tit-for-tat response to a threat from Moscow that escalates the war’s risk to global food markets. Since Moscow halted the Black Sea agreement that allowed Ukraine to …
Russia will struggle to meet its strategic goal of more than quadrupling Arctic sea shipments by the end of the decade as the nation cannot increase and upgrade its small, aging ice fleet fast enough, according to the Northern Sea …
Moscow may retaliate if Group of Seven countries proceed with a total ban on most exports to Russia by withdrawing from the safe-transit deal that allows Ukraine to ship grains from Black Sea ports, said Dmitry Medvedev, deputy chair of …
Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg, and the country’s energy officials are voicing concerns about the situation. The Group of Seven …
Denmark is salvaging an unidentified object found next to a Russian gas pipeline that was damaged in a blast last September, as investigators continue to seek who was behind the attack. The operation comes two weeks after German authorities said …
Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about data security even after Beijing reached a landmark deal to allow US audit inspections on hundreds of Chinese firms listed …
Thousands of foreign aid workers have arrived in Turkey and the first UN aid convoy has entered Syria after this week’s twin earthquakes. The World Bank announced a $1.78 billion relief package as well. The death toll surpassed 20,000 across …
