World News

Bank of America hit with $1.2bn fine for money laundering failings

Source: feeds.bbci.co.uk · Published

Bank of America hit with $1.2bn fine for money laundering failings
Source: feeds.bbci.co.uk

The bank inadequately flagged transactions linked to potential Chinese money laundering networks, the Treasury said.

The bank inadequately flagged transactions linked to potential Chinese money laundering networks, the Treasury said.

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EU to limit Chinese hybrid vehicle imports to 350,000 a year
World News

EU to limit Chinese hybrid vehicle imports to 350,000 a year

Brussels uses WTO rules to quickly impose quota, which will halve Chinese market share to 3% Business live – latest updates VW boss backs EU plan to bolster domestic industry The EU is to limit the number of hybrid electric vehicles imported from China to 350,000 cars a year, the

World news | The Guardian ·

Volkswagen boss backs EU plan to bolster domestic European industry
World News

Volkswagen boss backs EU plan to bolster domestic European industry

Oliver Blume says ‘Made in Europe’ rules to counter rapid rise of lower-price Chinese brands ‘must reward real value creation’ The boss of Volkswagen has backed EU proposals to boost its domestic industry, arguing European carmakers need to be able to “compete under comparable co

World news | The Guardian ·

UK resists EU pressure to hit China with tariffs
Business & Economy

UK resists EU pressure to hit China with tariffs

Exclusive: Business secretary says he will not change trade rules due to EU pressure and denies UK will become a ‘back door’ for cheap imports The business secretary has hit back at European demands for British tariffs on Chinese imports, saying the government will not change its

Business | The Guardian ·