Make References to Taiwan, Face Crack-Down–China Warns Global Firms

China Threatens U.S. Airlines Over Taiwan References Beijing is pressuring companies around the world to follow the party line on Taiwan sovereignty — or else. BY JAMES PALMER, BETHANY ALLEN-EBRAHIMIAN The Civil Aviation Administration of China has sent a letter to United Airlines and American Airlines demanding that their global operations follow China’s restrictions against “separatism,” meaning…

Where Are We on China Union Pay’s Anticipated Challenge to Visa and Mastercard?

  Where Are We on China Union Pay’s Anticipated Challenge to Visa and MasterCard? As the Chinese government welcomes leaders from around the world for its Belt and Road Forum in Beijing, analysts will ask: is the One Belt One Road (OBOR) initiative a plan to overthrow the existing global order, by pulling Asian countries into…

Russia Bets on “Voracious” China With $6 Billion Fertilizer Mines

    Russia Bets on “Voracious” China With $6 Billion Fertilizer Mines   MOSCOW – China’s dilemma of how to feed its booming population will partially be answered by fancier fertilizers, according to one of the world’s richest billionaires. EuroChem Group AG, owned by Russian commodities tycoon Andrey Melnichenko, is spending over $6-billion on two mines…

US Probes Chinese Oil Firm, Sinopec, Over $100m Bribe Paid to Nigerians

AUGUST 31, 2017 The US government is investigating China Petroleum and Chemical Corporation, Sinopec, over an alleged $100 million  bribe paid to some Nigerian officials. According to Bloomberg, the bribe was aimed at resolving a $4 billion business dispute between the company’s Addax Petroleum unit in Geneva and the Federal Government. The dispute is said…