Sentences with phrase «by a corruption crackdown»
The sector has been in recovery mode after a tough few years marked by a corruption crackdown in China which suppressed demand for expensive watches and Chinese consumers» shunning many...
https://www.cnbc.com/
Sawiris said his view of Saudi Arabia was negatively impacted by a corruption crackdown that led to the arrest of high - profile princes and billionaires in November.
Not exact matches
That's the sharpest growth since 2011, when luxury sales started to be hit by slower economic growth and a fierce crackdown on corruption.
Sales dived by 9 % in first quarter of its financial year, largely due to one big problem: A crackdown on corruption in China, which has led to plummeting sales in China for luxury brands and premium spirit makers.
Qincheng is the only jail in China run by the Ministry of Public Security, and was reportedly expanded in 2012, months before Xi began his corruption crackdown.
The release of the 40 - page document comes amid a large crackdown by U.S. authorities, who recently arrested several top officials from the global soccer organization on corruption charges.
Bharara, 49, served almost eight years as U.S. attorney in New York, where he spearheaded an historic crackdown on insider trading and targeted corruption in state government, before he was summarily fired by President Donald Trump on March 11, 2017.
Prime Minister Modi's crackdown on corruption has however gained some momentum, as seen by last week's shock announcement to demonetise large rupee bills.
Between the perennial risks of the unregulated shadow banking sector and speculation fueled by central bank policies to the prospect of a sudden crackdown on whatever the bureaucrats designate as «corruption,» the world's second largest stock market — and second largest economy — has been excessively interesting.
While the Chinese government has engaged in a high - profile crackdown on corruption, Pitman says it's mostly about austerity when it comes to high - profile examples of improper spending by officials.