Chinese
JPMorgan paying £264m to settle Chinese hiring of ‘princelings’ probe
US bank JPMorgan Chase has agreed to pay $264m (£212m) to regulators to settle claims it hired the children of well-connected top Chinese officials to win business. The Securities and Exchange Commission (SEC) and the Justice Department launched an investigation in 2013, into the employment of what has been called...
2 Dozen Chinese Relatives of MH370 Passengers Stage Protest
About two dozen Chinese relatives of passengers aboard the missing Malaysia Airlines Flight 370 on Friday staged a small protest outside China's Foreign Ministry calling on governments to continue searching for the plane. The relatives gathered outside the ministry in Beijing and demanded to see the foreign minister to...
US sentences Chinese hacker for stealing military information
A Chinese businessman who pleaded guilty to hacking sensitive military information has been sentenced to nearly four years in prison in the US. Su Bin admitted collaborating with hackers in the Chinese military to steal data from US defence companies between 2008 and 2014. He was arrested in Canada in 2014 and extradited to the...
Berlusconi: AC Milan sold to Chinese consortium
Former Italian Prime Minister Silvio Berlusconi says he has sold football club AC Milan to a Chinese consortium. Berlusconi, who owns the Serie A team, made the remarks to local newspapers on Tuesday. He said they will be paying at least €400m (£220m) over the next two years, which may value the club at up to...
Chinese firm apologises over Qiaobi race-row advert
A Chinese firm has apologised over an advert for detergent which has provoked a storm of allegations of racism. The manufacturer of Qiaobi said it strongly opposed and condemned racial discrimination, and was sorry the advert had caused controversy. In it, a black man is stuffed head-first into a washing machine before emerging...
Obama plans ‘MILITARY RESPONSE’ after China intercepts US aircraft over South China Sea
Two Chinese fighters have carried out an "unsafe" intercept of a US military aircraft over the South China Sea, the Pentagon says. The incident happened in international airspace on 17 May as the US maritime reconnaissance aircraft carried out a routine patrol in the area, it added. Tensions in the region have...
ICBC to be first Chinese lender to own London vault
China's ICBC Standard Bank, the world's biggest bank by assets, has agreed to buy a massive vault in London. It will be the first Chinese lender to own a vault in London as it looks to grow its precious metals business The vault, which is in a secret location and is being sold by Barclays, can hold up to 2,000 metric...
Apple invests in Chinese Uber rival Didi Chuxing
Apple has invested $1bn (£693m) in Didi Chuxing, the car-hailing app that has a greater market share than US rival Uber in China. Tim Cook, chief executive, said that the move would help Apple to better understand the Chinese market. Didi Chuxing, previously known as Didi Kuaidi, said it represented the single largest...
Queen overheard calling Chinese officials ‘very rude’
The Queen has been caught on camera saying Chinese officials were "very rude" during last year's state visit by President Xi Jinping. She was discussing their treatment of Britain's ambassador to China with a senior police officer at a Buckingham Palace garden party on Wednesday. The invitation to President Xi...
Lewis Hamilton battles back as Rosberg win Chinese Grand Prix
Nico Rosberg took his third straight win of 2016 as Mercedes team-mate Lewis Hamilton fought back to seventh in a hectic Chinese Grand Prix. World champion Hamilton started from the back, suffered a broken front wing on lap one and did five pit stops. The Briton faces the prospect of trying to overhaul a 36-point deficit in the...
Chinese flags defaced in Prague ahead of Xi visit
Chinese flags hoisted in the Czech Republic ahead of a visit by Chinese President Xi Jinping have been defaced. Dozens of the flags hung in the capital Prague were "spattered with a black substance overnight", a police spokesman said. The Chinese leader is due to arrive on Monday for a two-day visit before going to...
Chinese woman trapped in elevator for weeks found dead
BEIJING (AP) — The discovery of a woman's corpse in an elevator in the Chinese city of Xi'an has led to the detention of an elevator maintenance crew who improperly cut off power to the elevator a month ago without checking if anyone was inside. In a statement posted Saturday, the Gaoling district government said...
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