Business and Economy

Business and Economy Latest News

China says US firm under investigation for 'illegal operations'
China says US firm under investigation for 'illegal operations'
by  AFP

China is investigating a US due diligence firm for "illegal" activities, a government spokesperson said Monday, after the company accused authorities of detaining five local employees and shutting down its Beijing office. The firm said on Friday that authorities had "detained the five staff in Mintz Group's Beijing office, all of them Chinese nationals, and have closed our operations there".

First Citizens to acquire collapsed Silicon Valley Bank
First Citizens to acquire collapsed Silicon Valley Bank
by  AFP

US bank First Citizens said Monday it has agreed to purchase much of Silicon Valley Bank, whose collapse this month sparked global fears about the sector. First Citizens said it had agreed to purchase "substantially all loans and certain other assets, and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank."

Energy

Money

Industry

Technology

Economy