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Seventeen entities registered here have also been sanctioned over alleged links to a tycoon accused of human trafficking, crypto fraud [SINGAPORE] In one of the largest financial fraud takedowns in history, three Singaporeans and 17 Singapore-registered entities have been sanctioned by the US over their alleged links to UK and Cambodian national Chen Zhi, his affiliates and Prince Holding Group.In a statement on Tuesday (Oct 14), the US Treasury Department’s Office of Foreign Assets Control (OFAC) said these individuals and entities have been added to its Specially Designated Nationals and Blocked Persons list.This effectively bars US persons from conducting any transactions with…

WASHINGTON — WASHINGTON (AP) — Voting rights activists were relieved in 2023 when, in a surprise to some, the Supreme Court upheld the most important remaining element of the Voting Rights Act.The ruling forced Alabama and later Louisiana to redraw their congressional maps to give Black residents greater representation, moves that eventually sent two additional Black lawmakers to Washington.Two years later, the Voting Rights Act’s Section 2 is before the court again. This time, it’s a rehearing of a Louisiana lawsuit over the state’s redrawn congressional map in a case that revolves around the same part of the 60-year-old law.At…

WASHINGTON — WASHINGTON (AP) — With every passing day of the government shutdown, hundreds of thousands of federal employees furloughed or working without pay face mounting financial strain. And now they are confronting new uncertainty with the Trump administration’s promised layoffs.Little progress has been made to end the shutdown as it enters its third week, with Republicans and Democrats digging in and convinced their messaging is resonating with voters. The fate of the federal workers is among several pressure points that could eventually push the sides to agree to resolve the stalemate.“Luckily I was able to pay rent this month,”…

The owner of stakes in Six Nations and Premiership Rugby and the top flights of French and Spanish football is in talks with a pack of financial giants about a refinancing of its £9bn sports assets portfolio.Sky News has learnt that CVC Capital Partners’ Global Sport Group (GSG) is in talks with firms including Ares Management about a multibillion dollar debt deal. Details of the potential structure of an agreement, as well as the identities of other parties in discussions with CVC, were unclear on Wednesday.Money blog: Major changes to vet prices proposed after investigationSources close to the situation said,…

NEW YORK :Optimism over the profit potential of artificial intelligence has helped drive the U.S. stock market to record highs, but investors are looking for weak spots that could emerge in the AI trade and have identified some risks to watch for.AI has been the dominant theme on Wall Street since the launch of ChatGPT in November 2022, which fueled enthusiasm about the technology’s potential. Citigroup strategists estimate that nearly 50 per cent of the S&P 500’s overall roughly $57 trillion in market capitalization has “high” or “medium” exposure to AI. The benchmark index is up about 13 per cent year-to-date,…

Workers assemble an Volkswagen’s ID.3 GTX FIRE+ICE electric car on a production line at the Volkswagen electric car factory on October 13, 2025 in Zwickau, Germany. Jens Schlueter | Getty Images News | Getty ImagesAutomotive industry groups have raised the alarm over the ramifications of China’s latest move to restrict critical rare earth exports, saying the measures could pave the way to a period of supply chain chaos.China’s Commerce Ministry last week announced expanded curbs on the export of rare earths and related technologies, seeking to prevent the “misuse” of minerals in the military and other sensitive sectors.Beijing has since…

Rachel Reeves has told Sky News she is looking at both tax rises and spending cuts in the budget, in her first interview since being briefed on the scale of the fiscal black hole she faces.”Of course, we’re looking at tax and spending as well,” the chancellor said when asked how she would deal with the country’s economic challenges in her 26 November statement. Politics Hub: Follow latest updatesMs Reeves was shown the first draft of the Office for Budget Responsibility’s (OBR) report, revealing the size of the black hole she must fill next month, on Friday 3 October.She has…

[SHENZHEN] Huawei Technologies’ key partners are showcasing a dizzying array of products from software to chip gear, just days after US President Donald Trump threatened more curbs on China’s access to advanced technologies. From DeepSeek to Huawei, Chinese companies are increasingly publicising their progress in sensitive technologies, seeking to demonstrate that years of US sanctions have not completely stalled their advance. State-backed Shenzhen SiCarrier Technology was one of several Huawei affiliates that displayed products during a semiconductor conference on Wednesday (Oct 15). The company, which Washington has blacklisted since 2024, advertised etching and deposition equipment.Across the hall, subsidiary Shenzhen Longsight Technology…

Republican New York City mayoral candidate Curtis Sliwa argues the outcome of the city’s election could have implications beyond the five boroughs.In an interview Tuesday with CBS News, Sliwa drew a sharp contrast between himself and his two main opponents, Assemblyman Zohran Mamdani and former Gov. Andrew Cuomo.”New York City is the epicenter of capitalism in the world,” said Sliwa. And, he argues, if voters elect Mamdani, “it will encourage other young democratic socialists of America” to “take over their city government legally by winning in the ballot box.”Throughout the campaign, Sliwa has routinely criticized Mamdani’s proposed policies and association with…

[JAKARTA] Indonesian regulators are planning to raise foreign investment limits for the country’s US$50 billion mutual fund sector, potentially allowing local funds to allocate more than half their cash to overseas markets. Aliyahdin Saugi, president-director of Allianz Global Investors Asset Management Indonesia, said in a Bloomberg forum in Jakarta on Tuesday (Oct 14) evening, that the Financial Services Authority (FSA) has approved a proposal filed by a local industry group. The FSA said its next step would be drawing up new regulations for the sector, and that this may happen next year.Mutual funds in Indonesia are currently limited to holding no…