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China executes former asset administration chief for corruption

China executes former asset management chief for corruption

China has executed the previous head of one in every of its greatest asset administration corporations who was convicted of corruption, a punishment that has drawn sharp criticism from worldwide human rights consultants. The execution of Lai Xiaomin was carried out on Friday three weeks after the 58-year-old was sentenced to loss of life by a court docket within the metropolis of Tianjin, state media reported.Lai was discovered responsible of taking bribes amounting to Rmb1.8bn ($280m) over a 10-year interval when he labored at Huarong Asset Administration and earlier than that on the China Banking Regulatory Fee. Whereas consultants say…

Waiting to refinance your mortgage can cost you – here’s why

Learn how much waiting to refinance your mortgage can cost you. (iStock)With the Federal Reserve location rates close to zero to spare the US from a complete economic downturn, mortgage rates are more competitive than they were before the pandemic. In fact, these are the lowest mortgage rates seen since 1971.If you are someone who always wants the absolute lowest price or the best price, it is time to act. Depending on your personal financial situation (such as your credit and debt ratio) it may now be the best (and potentially only) time to get the lowest interest rates you…

Insurance Commissioner Jon Godfread says the bill seeks to improve ‘people’s dollars’ in North Dakota

It is a nod to the growing support of a bill that, if passed, will make it possible to invest Legacy dollars in infrastructure projects and provide capital to state-owned enterprises. Perhaps no one is more excited than Jon Godfread, the State Insurance Commissioner and member of the State Investment Board, a longtime spokesman for investing money here at home. At present, most older investments are made out of state. In December Godfread discussed Legacy Fund investment opportunities during a meeting with the Grand Forks Heralds editorial staff. That was before the opening of the Legislative Assembly in 2021. House…

LunaJets sees a perfect storm for the private jet industry

GENEVA, September 8, 2020 / PRNewswire / - The industry is entering a perfect storm. The private jet market faces unprecedented challenges as the COVID-19 pandemic has exacerbated an already fragile industry. The private jet charter market has fallen by 33.8% in volume year to date and even lower in revenue with Europe makes it worse than America. All charter market segments are affected, but the most affected are the long transcontinental and corporate charter flights. The current wave of new quarantine measures and travel restrictions will have an immediate and devastating effect on the market, predicts LunaJets. The perfect…

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