Revolut fined €3.5mn over money laundering control failures
Lithuanian watchdog hits fintech with biggest regulatory penalty for ‘violations and shortcomings’ in processes
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Exchanges could provide a haven in wild markets
High volatility will boost trading and widen spreads, potentially drawing in more traders
Wall St set to rally as European markets rebound despite Trump and China trade threats – business live
Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmail
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South Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.
The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December.
How Trump tariffs could push Vietnam into the arms of China
The move has sent shockwaves through a region of US strategic importance that had respected Trump as tough on Beijing
Vietnam had tried to appease Donald Trump: tariffs on US goods were reduced; regulations were passed to allow Elon Musk’s SpaceX to launch its Starlink in the country. The prime minister, Pham Minh Chinh, even joked in January that he would happily “play golf all day long” at Trump’s Mar-a-Lago home in Florida if it could “bring benefits to my country and my people”.
The strategies do not appear to have worked. Trump has inflicted an extraordinary 46% tariff on Vietnam that threatens to devastate its economic growth plans and undermine relations between the two countries. The tariff has sent shockwaves through Vietnam, a manufacturing powerhouse where Trump has always been fairly popular, and across south-east Asia.
What Trump’s return to ‘maximum pressure’ means for Venezuelan oil
The US president’s moves pose a major challenge to crude production in the South American nation