source Thomson Reuters The US sanctioned Chinese and a Russian entities on Wednesday for helping service the illegal cigarette and alcohol trade in North Korea. According to the US Treasury, North Korea’s cigarette smuggling has reportedly netted the Kim regime over $1 billion per year. Profits from the cigarette trade and other smuggling schemes are said to help fund the country’s missile and nuclear weapons program. The US sanctioned Chinese and a Russian entities on Thursday for helping service the illegal cigarette and alcohol trade in North Korea that has reportedly netted the Kim regime more than $1 billion per year. The US Treasury stated on Thursday that it was targeting individuals and entities involved in facilitating shipments of banned substances to North Korea. According to the statement, China-based Dalian Sun Moon Star International LogisticsTrading and its Singaporean affiliate SINSMS Pte. Ltd. were said to have worked … [Read more...] about The US sanctioned Chinese and Russian entities for helping North Korea cash in on its billion-dollar smuggling schemes
Billion dollar companies for sale
In North Korea’s capital of Pyongyang, an empty, pyramidal tower looms over the city. When construction began on the Ryugyong Hotel in 1987, the North Korean government envisioned it as a reflection of the government’s power and capabilities. At 985 feet tall, it would become the largest tower in the nation. While the billion-dollar skyscraper has topped out, North Korea has mysteriously abandoned the project. It’s not uncommon for megaprojects like the Ryugyong Hotel to go wrong, due to various reasons like massive budget and construction timeline overruns, botched designs, corruption, and failures to fill the units. Let’s take a look at several megaprojects around the world that may have, to varying degrees, disappointed their cities The expectation for China’s Yujiapu: A financial capital modeled after Manhattan. caption A rendering of Yujiapu, China. source SOM Fromreportsabout the opening of a Lincoln Center spinoff to a … [Read more...] about Disappointing photos show what can happen to billion-dollar mega-developments
caption George Clooney with wife Amal before the party got started. source Reuters There are many things that make George Clooney one of the most likeable Hollywood A-listers on the planet: his political activism and humanitarian work, extreme generosity – he reportedly once gave 14 of his friends $1 million each – and the fact that he apparently likes a party, because who doesn’t? If rumours are to be believed, then George Clooney was part of the life and soul of Prince Harry and Meghan Markle’s royal wedding at the weekend, along with Serena Williams who reportedly slayed at beer pong. Clooney, who is understood to have been among the select 200 guests invited to the evening reception at Frogmore House, is said to have danced with both Meghan Markle and Kate Middleton. Now, it’s rumoured that he was also spotted pouring shots of his own billion-dollar tequila brand, Casamigos, from behind the bar. Sources reportedly … [Read more...] about George Clooney reportedly poured shots of his own billion-dollar tequila brand from behind the bar at the royal wedding after-party
By Peter Holley The Washington Post Fri., April 6, 2018 They have fleets with hundreds of thousands of vehicles and command multibillion-dollar streams of revenue. But in the rapidly shifting transportation landscape, even the Goliaths of the rental car industry — some of the best-known brands in the world — worry about being left behind. That may explain why some of the largest rental car companies have spent several years waging a quiet legislative war against start-ups led by a company called Turo that are trying to change the way people rent and own vehicles. Turo is a peer-to-peer car-sharing company — think Airbnb for cars. Like Uber vs. the taxi industry, this fight is a clash between an old-school business model and a modern technology platform inspired by the sharing economy. The traditional model is run by hulking corporate brands that promise safety and predictability. At any airport in the land, for instance, a customer is assured he will … [Read more...] about Airbnb for cars is here — and the rental car giants are not happy.
President Donald Trump wants to take on Amazon. Amazon appears to be the frontrunner for a lucrative contract with the Pentagon to provide its cloud services. It could be his first opportunity to take a shot at the retail giant. President Donald Trump appears to be gunning for a fight with Amazon – and he may have the chance to strike a serious blow in the very near future. Within the next few weeks, the Defense Department will submit to Congress its request for proposals on what could be a $10 billion, 10-year contract to provide the military with cloud services. The Pentagon is moving to migrate its data onto a cloud. Pentagon spokeswoman Heather Babb told Business Insider that the competition will be “full and open” to land the high-profile and well-compensated government contract. Many insiders believe Amazon, through its Amazon Web Services platform, has the inside track at winning the bid. … [Read more...] about If Trump wants to take a shot at Amazon, there’s a potential billion-dollar deal staring him right in the face