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Xiaomi sues US authorities over inclusion on Pentagon blacklist

Xiaomi sues US government over inclusion on Pentagon blacklist

Xiaomi, the Chinese language smartphone maker, has sued the US authorities over a transfer by Donald Trump in his final week as president to position the corporate on a Pentagon blacklist that bars Individuals from investing in it.The group, which has overtaken Apple to grow to be the third-biggest smartphone maker, filed a lawsuit in opposition to Lloyd Austin, the US defence secretary, and Janet Yellen, the Treasury secretary, following its addition to a listing of corporations with suspected ties to the Chinese language army.The Pentagon final yr began compiling a listing of Chinese language corporations with alleged ties to…

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…

Every homeowner should avoid these 5 costly mistakes in refinancing mortgages

3D illustration of a rubber stamp with the word refinance over a mortgage loan sheet. Debt ... [+] consolidation and debt or loan financing concept. Getty With mortgage rates at record lows, many homeowners are chooses to refinance. If you are thinking of taking the same step, keep scrolling. I have listed five of the biggest refinancing mistakes that homeowners can make below. Read them to make sure you do not risk making the same mistakes. Refinancing at the wrong time Even if the rates are low, it does not necessarily mean that it is the right time for you…

The future of private jets

Despite economic uncertainty, private aviation leaders are positive about the industry's long-term prospects. With permission from Flexjet Text size While economic uncertainty may have an impact on the future of the private jet industry in the short term, industry insiders are bullish on the long-term prospects for private aviation. Leaders of the country's leading private jet management, fractional ownership, charter and member companies recently shared their prospects for the post-Covid world with Penta. Berkshire Hathaway unit NetJets is the largest private jet operator in the world. It provides parts of ownership, leasing and jet card programs. Patrick Gallagher is NetJets'…

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