China warns of ‘penalties’ against carmakers for price war
Other than slashing prices, some automakers have offered incentives such as interest-free loans to entice buyers Chinese regulators warned of “severe penalties” against automakers after…
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Penalties
South Korean President Lee calls for harsher penalties after Coupang data breach
Coupang’s top executives were grilled for hours by South Korean lawmakers about their failure to prevent the country’s largest ever data breach, an incident that has sparked public outcry…
Trump sets 25% tariff on India and penalties for trade with Russia
The United States will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, President Donald Trump said Wednesday. India “is…
Heavier anti-money laundering penalties could help Singapore maintain high standards as wealth hub
Authorities in Singapore appear to be kicking it up a notch, as they round up more individuals and entities for their involvement in a S$3 billion money laundering scandal unveiled in…
Schiff mortgage fraud probe could end in stiff fines, penalties for senator
The type of mortgage fraud case in which Sen. Adam Schiff is now entangled is usually clear-cut and hard to wiggle out of, said financial crimes experts, adding that the senator could…
Italy imposes harsher penalties for dangerous driving
Italy is toughening traffic fines and penalties to reduce the high number of road deaths, which exceeded 3,000 last year. The Senate approved the reform of the traffic code spearheaded by…