EconomyTrade

Bundesbank Chief Urges More Assertive European Trade Strategy Toward China

Europe needs to play its economic cards “in a more offensive way” in trade relations with China, according to Bundesbank chief Joachim Nagel. The central bank head emphasized that China needs Europe more than Europe needs China, urging greater confidence in European market strength.

European Trade Strategy Needs More Assertive Approach

Europe should adopt a more assertive stance in its trade dealings with China to protect its economic interests, according to Bundesbank President Joachim Nagel. The central bank chief’s comments come amid shifting global trade patterns following recent tariff measures implemented by the United States.

BusinessLegal

777 Partners Co-Founder Faces Federal Fraud Charges Over $500 Million Scheme

The co-founder of investment firm 777 Partners faces multiple federal fraud charges alleging a years-long scheme to defraud lenders and investors. Prosecutors claim Josh Wander used fake documents and misrepresented assets in what they describe as a “house of cards” financial operation.

Investment Firm Founder Charged in Major Fraud Case

The co-founder of 777 Partners, the investment firm that previously attempted to acquire Everton Football Club, has been charged with orchestrating a massive fraud scheme totaling more than $500 million, according to federal prosecutors in the United States.

PolicyTrade

U.S. Accuses China of Economic Coercion Through Shipbuilding Sanctions on South Korean Firm

The United States has accused China of attempting to “coerce” South Korea through sanctions targeting Hanwha Ocean’s U.S. shipbuilding operations. According to reports, the measures aim to undermine cooperation between Washington and Seoul on revitalizing American shipbuilding and manufacturing capabilities.

U.S. Condemns Chinese Sanctions as Economic Coercion

The United States State Department has characterized recent Chinese sanctions against Hanwha Ocean’s American affiliates as an attempt to “coerce” South Korea and undermine bilateral cooperation, according to reports from Reuters. Sources indicate the sanctions represent the latest escalation in economic tensions between Washington and Beijing.