EUR/USD 1.17191
-0.098%
Gold 4610.73
-0.238%
Oil 99.257
-3.172%
USD/JPY 157.057
0.284%
GBP/USD 1.35728
-0.221%
GBP/JPY 213.173
0.072%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 3rd, rumors circulated online that "starting May 1st, ETC will no longer be used on highways; passengers can enter without a card simply by showing their license plate." This rumor sparked heated discussion online, with some netizens even considering removing their ETC devices from their cars. However, after verification with multiple sources, reporters confirmed that no such "new regulation" has been issued by relevant departments. Industry experts stated that these rumors represent a one-sided and inaccurate interpretation of the "mobile phone+" cardless passage technology and constitute exaggerated advertising.On May 3, it was reported that in the first quarter of this year, the China Development Bank (CDB), based on its institutional characteristics, coordinated special resources and carried out extensive cooperation with other banks, issuing a total of RMB 28.54 billion in special relending loans to stabilize foreign trade, supporting more than 6,500 small and micro foreign trade enterprises. The weighted average interest rate of the borrowers was lower than the national average interest rate for newly issued inclusive small and micro loans during the same period, effectively helping relevant enterprises alleviate financing difficulties and high financing costs, stabilize orders, expand markets, and stabilize employment.European Central Bank Vice President Guindos said on Sunday that he will not return to Spanish politics after his term ends in May. He stated, "I have been in politics for six and a half years, and I will not return to politics, nor will I switch to banking."Boeing: EgyptAir receives its first Boeing 737 MAX aircraft.A South Korean satellite was launched into space by a SpaceX Falcon 9 rocket.

New York property magnate contests "every element" of contempt order Trump probe

Aria Thomas

Jul 07, 2022 11:16


Cushman & Wakefield (NYSE:CWK), which appraised several properties belonging to Donald Trump, protested "every facet" of an order finding it in contempt of court in regard to subpoenas issued in a civil investigation into whether the former president manipulated asset valuations.


Justice Arthur Engoron of a New York state court in Manhattan determined Tuesday that Cushman, one of the world's largest real estate companies, was in contempt and imposed $10,000-per-day fines beginning July 7.


He chastised Cushman for delaying over its most recent date to obtain an extension to comply with subpoenas issued by New York Attorney General Letitia James, adding that the business "had only itself to blame if it chose to disregard the approaching deadlines."


Engoron acknowledged that James subpoenaed Cushman for a "vast" number of documents, but maintained that state law supported such a sweeping demand.


Cushman petitioned a state court of appeals in Manhattan to revisit the contempt ruling against Engoron and provide him extra time to comply with the subpoenas.


Cushman has indicated that it has provided over 650 assessments and several hundred thousand pages of documents since February, and has denied any charges that it has worked in bad faith.


A spokesman for James did not immediately respond to requests for comment.


James, a Democrat, is investigating whether Trump and his family business, the Trump Organization, inflated the assessments of golf courses, hotels, and other real estate to qualify for favorable loans then dropped the prices to avoid paying taxes.


Her office's ability to acquire documents is vital as it prepares to subpoena Trump and two of his adult children, Donald Trump Jr. and Ivanka Trump, on July 15.


Trump, a Republican, has called James' inquiry a "politically motivated witch hunt."


When Engoron convicted him in contempt on April 25, he paid $110,000 in fines. On Monday of last week, the court lifted the contempt order.

Suggestion