HSBC profits affected by $2.1 billion charge related to Chinese bank investment
HSBC Reports Significant Profit Drop in Second Quarter For the second quarter, HSBC experienced a notable 29% decline in profit, amounting to $8.9 billion when factoring in retirement costs linked to a major restructuring led by CEO Georges Elhedery. Despite this rise, the bank, which primarily earns its profits in Asia, recorded a significant impairment […]
Karen Bass Collected Funds from Bankers Linked to Chinese Intelligence Before Employing Them
Los Angeles Mayor and Advisory Team’s Ties to Chinese Banks Raise Concerns Los Angeles Mayor Karen Bass has formed a transition advisory team that includes two bankers linked to Chinese intelligence, as uncovered by an investigation. The advisory team features Dominic Ng, the CEO of East West Bank, and Simon Pan, co-founder of East West […]
Undocumented immigrant caught taking Chinese trafficking victim who fled Texas had deportation case dropped during Biden administration
Undocumented immigrants from Honduras, featured in a disturbing video related to a sex trafficking incident in Texas, have had their deportation orders canceled under the Biden administration, according to the Department of Homeland Security. Authorities apprehended 22-year-old Jose Kacamo after he allegedly kidnapped a Chinese woman while attempting to flee a human trafficking ring in […]
The Chinese Empire Needs to be Taken Apart
Activists Highlight Ethnic Cleansing Under Chinese Regime Activists representing communities affected by ethnic cleansing and genocide under the Chinese Communist Party recently appealed to Congress. During a briefing, they not only condemned China’s human rights violations but also claimed their communities are sovereign nations that have been colonized by the Chinese state. Among the activists […]
Creator of Popular ‘Labubu’ Toy Turns into Voice for Chinese Government Messaging
In a recent interview with the Communist Party’s official publication, the founder of Pop Mart, known for its trendy “Lovebu” toys, praised China’s culture and manufacturing strengths. He emphasized the country’s inclusive culture as well as its diverse market opportunities. The business leader shared his thoughts as part of a series of interviews featuring prominent […]
Video reveals that an undocumented immigrant kidnapped a Chinese woman and took her to a trailer in Texas.
Allegations of Human Trafficking in Houston A disturbing incident in Houston has come to light involving illegal immigrants and allegations of human trafficking. Surveillance footage reportedly captures a man, identified as Jose Armando Carcamo Permodo, returning a Chinese immigrant woman to his trailer home. She was allegedly held captive and mistreated for several days. The […]
Microsoft Announces It Will No Longer Employ Chinese Engineers for Key Pentagon Systems
Microsoft Changes Cloud Support Practices for U.S. Defense Clients Microsoft has announced it will stop allowing engineers based in China to use its Azure Cloud Services to provide support for U.S. defense clients. This decision comes after an investigation raised national security alarms about the company’s previous arrangements, which involved support for the Pentagon and […]
Chinese Woman Forced Back into Captivity by Honduran Illegal Immigrant, Police Report
HOUSTON, Texas Recently, unsettling footage surfaced showing a woman being forcibly taken into a home in East Harris County, Texas. Authorities report that the woman, a Chinese national, was lured by an illegal immigrant from Honduras and held against her will. On July 14, deputies from the Harris County Sheriff’s Office apprehended Jose Carcamo, who […]
Chinese investors buy stocks anticipating the conclusion of price wars and excess production.
Beijing (AP) – China’s stock market is struggling, undermining government commitments to address a price war that has impacted profits and intensified global trade tensions. The term “anti-volution” is often used to describe the fierce competition and initiatives to control excess production in sectors like solar panels, steel, and electric vehicles. Increasing trade barriers and […]
Chinese EV brands Zeekr and Neta boosted car sales through an insurance program.
Chinese electric vehicle manufacturers have allegedly exaggerated their sales figures in recent years to meet ambitious targets, as revealed through documents examined by Reuters and discussions with dealers and customers. Documents indicate that companies are insuring vehicles before selling them, thereby allowing these cars to be recorded as sold under China’s vehicle registration rules. This […]