US authorities have warned banks that Mexico-based drug cartels may be moving vast sums through Chinese trade-based money laundering schemes, following an analysis of billions of dollars in suspicious transfers. In an advisory issued to the US financial sector, the Financial Crimes Enforcement Network (FinCEN) says Chinese criminal networks “pose a significant threat to the… The post US fires warning over Mexican cartels, Chinese money laundering networks appeared first on Global Trade ...| Global Trade Review (GTR)
Despite repeatedly saying he opposed Nippon Steel's takeover of U.S. Steel, President Trump reversed his stance following pressure from lobbyists who raised millions for his re-election.| Sludge
Auto industry analysts say Tesla, which is losing market share in EVs, stands to win from Trump's 25% tariff plan on foreign-made cars.| Sludge