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March 5th - The recent complex and volatile regional security situation has resulted in some Chinese travelers being stranded in the region due to disrupted travel plans. The Consulate General of the Peoples Republic of China in Dubai prioritizes the safety and interests of Chinese citizens overseas, immediately activating its emergency response and joint prevention and control mechanisms. It is guiding Chinese citizens in its consular district to take shelter locally and report their information, providing comprehensive consular protection and assistance. With the joint efforts of domestic and international partners and the joint promotion of relevant Chinese and UAE departments, airlines such as Emirates and Air China have gradually resumed routes to China while ensuring aviation safety. More airlines and flights are steadily and orderly resuming operations, making it increasingly easier for stranded travelers to return home. The Consulate General kindly reminds stranded travelers who have not yet reported their personal information to register their overseas citizen information as soon as possible through the Chinese Consular APP or mini-program, and to keep their mobile phones and other communication devices accessible so that the Consulate General can provide more precise assistance and services.Traders have increased their bets on interest rate hikes by the European Central Bank, expecting a cumulative increase of 18 basis points this year.British Prime Minister Starmer: Defense spending needs to be increased further and faster.British Prime Minister Starmer: The risk of escalation is worrying everyone.The yield on German two-year government bonds rose to its highest level since March 13, reaching 2.239%, up 10 basis points on the day.

Crown Resorts in Australia Will Face Disciplinary Action

Charlie Brooks

Apr 06, 2022 09:50

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Crown stated in a statement on Wednesday that it would cooperate completely with the VGCCC on the findings of the royal commission report.


Crown's shares fell 0.5 percent in early trade.


According to the Royal Commission into Casino Operators and Licensing (RCCOL), the China Union Pay process involved the use of the China Union Pay bank card from 2012 to 2016 to "allow international patrons to access funds in order to gamble at Crown Melbourne," circumventing Chinese currency restrictions.


The RCCOL discovered that "Chinese clients were aided in moving up to A$160 million in money unlawfully."


"As a starting step, we are acting on the Royal Commission's conclusions that Crown's China Union Pay scheme violated critical Victorian regulatory requirements, was unlawful, and represented significant misconduct," VGCCC Chair Fran Thorn stated, indicating that more action would follow.


Crown was found ineligible to maintain a gaming license in Melbourne in October, but was permitted to operate its highest-earning casino under monitoring.


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