Tuesday, September 26

Tag: REGS

US charges Hong Kong based-Russian with smuggling military technology to Russia
Science

US charges Hong Kong based-Russian with smuggling military technology to Russia

An American flag waves outside the U.S. Department of Justice Building in Washington, U.S., December 15, 2020. REUTERS/Al Drago/File photo Acquire Licensing RightsNEW YORK, Sept 18 (Reuters) - A Russian man who has lived in Hong Kong has been taken into U.S. custody and charged with smuggling large quantities of American-made, military-grade microelectronics to Russia, the U.S. Department of Justice said on Monday.Maxim Marchenko, 51, and two unnamed Russian co-conspirators were accused of using his shell companies to conceal the fraudulent procurement of so-called OLED micro-displays.The case was coordinated through the Justice Department's Task Force KleptoCapture, which was created to enforce sanctions, export restrictions and other measures in response to Russia's invasion of Ukraine....
Australia’s Star Entertainment swings to annual profit, debt falls
Entertainment

Australia’s Star Entertainment swings to annual profit, debt falls

Sydney's Star Casino complex is seen illuminated at night, February 15, 2016. REUTERS/Jason Reed/File Photo Acquire Licensing RightsAug 29 (Reuters) - Australia's Star Entertainment Group (SGR.AX) swung to an annual profit on Tuesday as operating conditions continued to stabilise and revenues improved across segments, also helping the cash-strapped casino operator significantly reduce its debt levels.Star posted marginal improvements in revenue across all segments, which helped offset headwinds from regulatory restrictions on its Sydney operations and stiff competition from bigger rival Crown Resort that started operating in the same city last August.The positive update brought investors some relief, sending its shares up 4.2% at A$0.99 at 0011 GMT, compared to a 0.3% jump in the bench...