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On January 5th, President Xi Jinping met with Irish Prime Minister Martin at the Great Hall of the People in Beijing. Xi Jinping pointed out that the world today is fraught with turmoil, and unilateral bullying is severely impacting the international order. All countries should respect the development paths chosen independently by other peoples, abide by international law and the purposes and principles of the UN Charter, with major powers taking the lead. China and Ireland both support multilateralism and advocate international fairness and justice. They should strengthen coordination and cooperation in international affairs, jointly safeguard the authority of the United Nations, and promote the development of the global governance system in a more just and equitable direction. China and the EU should take a long-term perspective, adhere to the partnership framework, view and handle differences objectively and rationally, and uphold win-win cooperation. Ireland will assume the rotating presidency of the EU in the second half of the year, and it is hoped that Ireland will play a constructive role in the healthy and stable development of China-EU relations.January 5th - According to foreign media analysis, the case of Panamanian leader Manuel Noriega, arrested by the US government more than 30 years ago, may serve as a significant reference for Maduros case. Noriega was accused of involvement in drug smuggling into the US and was also arrested during a military operation within his own country. His lawyers argued that the US invasion and cross-border arrest violated international law and due process, and that Noriega, as a head of state, enjoyed immunity. However, the court did not accept this argument, ruling that the manner in which he was brought to the US did not affect criminal jurisdiction. Legal experts point out that if Maduro claims he was illegally brought to the US, existing precedents support continuing the prosecution. The real difficulty lies in whether he enjoys immunity as a head of state or for official acts. The difference is that the US did not recognize Noriegas head of state status at the time, while the Department of Justice, in its indictment unsealed on Saturday, referred to Maduro as the "de facto but illegitimate ruler" of Venezuela. Steve Vladek, a professor at Georgetown Universitys Law Center, stated, "This lawsuit is by no means a sure thing," especially regarding the accusations against Maduro himself.On January 5th, Citigroup released a report stating that Lei Jun, Chairman of Xiaomi Group (01810.HK), revealed in his New Years livestream on the evening of January 3rd that the companys 2026 electric vehicle delivery target is 550,000 units. This figure is lower than investors expectations of 600,000 to 700,000 units, and also lower than Citigroups estimate of 700,000 units. The banks scenario analysis shows that a 21% reduction in electric vehicle shipments could impact electric vehicle operating profit by RMB 5.4 billion, or equivalent to 11% of the banks adjusted net profit forecast for Xiaomi in 2026. Citigroup believes this target is conservative, as based on the operating rate of over 50,000 units delivered per month in December 2025, its production capacity is likely sufficient to support deliveries of over 600,000 units. The bank believes that Xiaomis actual backlog of orders is already below 200,000 units, and that monthly new orders at the end of the year have stabilized at around 20,000 units.January 5th - On January 4th, Baiyun District of Guangzhou successfully auctioned off the citys first residential land parcel of the year. The AB1208028 plot in the Future Industry Innovation Core Area of Taihe Town, Baiyun District, was won by Guangzhou Haiyao Investment Development Co., Ltd. The plot is located in the core area of the Guangzhou Private Science and Technology Park, a national-level high-tech zone, approximately 500 meters from Exit C of Taihe Metro Station on Line 14. This area, positioned to develop manufacturing headquarters and professional supporting services, will be developed into a future industry technology CBD.On January 5th, according to Tianyanchas risk information platform, Fang Yunzhou, Zhang Yong, and Yichun Langling Enterprise Management Consulting Center (Limited Partnership) were recently added to the list of judgment debtors, with an enforcement target of over 1.05 million yuan. The executing court is the Shanghai First Intermediate Peoples Court. Yichun Langling Enterprise Management Consulting Center (Limited Partnership) was established in October 2021, with Fang Yunzhou as the general partner and a capital contribution of 5.48 million yuan. Its business scope includes social and economic consulting services and information consulting services. Partner information shows that the consulting center is jointly funded by Fang Yunzhou, Zhang Yong, and more than 40 other partners.

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.