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• Trump's Crypto Firm Sued Over Alleged Profits From $2 Billion UAE-Linked Deal

  Donald Trump’s crypto firm has been sued by a former employee alleging that the company made $2 billion in profits from a $2 billion deal with the United Arab Emirates. The employee claims that the firm, Trump Global Holdings, was involved in a fraudulent scheme to inflate earnings. The lawsuit was filed in New York federal court on Monday, accusing the firm of misreporting financial information and engaging in insider trading.

  1 min read
• Asian shares wobble as tech rout boosts bonds, dents rate hike bets - Reuters

  Asian shares wobbled as tech stocks fell, prompting a shift in expectations about interest rate hikes, with some investors questioning central bank plans. The market's volatility reflects growing caution among investors, potentially impacting economic outlooks and monetary policy decisions.

  1 min read
• Wealthy Chinese move offshore money to U.S. banks as Beijing’s tax net widens

  Wealthy Chinese individuals are increasingly moving their offshore assets to U.S. banks as Beijing tightens its tax net, prompting a scramble for cash and alternative structures. Private bankers and lawyers are noticing inquiries about opening U.S. bank accounts, with some clients planning to exit their offshore accounts in July. The Chinese authorities have imposed retroactive taxes on offshore wealth, leading to a scramble for cash and alternative structures. Wealthy clients typically choose large private banks,…

  4 min read