Sentences with phrase «crackdown on corruption»

A weaker economy and the recent crackdown on corruption in China have pressured gambling volumes in Macau, especially in the portion of the business catering to VIP customers.

Furthermore, a government crackdown on corruption late in 2017 that saw numerous Saudi business people, including notable royals, detained and imprisoned (infamously, in the Riyadh Ritz Carlton hotel) and assets handed over to the authorities in return for freedom could also spook investors.

The official explanation for the detainments — which involve at least 11 princes, including well - known billionaire investor Prince Alwaleed bin Talal, four ministers and «dozens» of ex-ministers — is that they are part of an ongoing crackdown on corruption.

Speaking to Reuters just ahead of his release Saturday, Alwaleed said that there were no charges against him following his arrest as part of a nationwide crackdown on corruption last November.

Mainland Chinese high rollers are staying away amid a persistent economic slowdown and President Xi Jinping's continuing crackdown on corruption, both of which are crimping lavish spending.

One of China's elite prisons has become overcrowded with political prisoners due to President Xi Jinping's increased crackdown on corruption.

That's the sharpest growth since 2011, when luxury sales started to be hit by slower economic growth and a fierce crackdown on corruption.

China's President Xi Jinping has been leading a wide - ranging crackdown on corruption and lavish spending by officials since coming to power in 2013.

For example, a central element of Xi's rule has been his intense crackdown on corruption.

Global crude price jump suggests Prince Mohammed's weekend crackdown on corruption has a broader objective for the oil - rich Kingdom.

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.

Xi's leadership has also been notable for its very public crackdown on corruption, both in politics and business.This has had direct implications for businesses.

The Erie County District Attorney's Public Integrity Unit was formed to crackdown on corruption in all levels of government and help restore the public's trust in our elected officials.

The railway ministry, which was broken up in March during an ongoing government crackdown on corruption, wanted its very own academician.

His comments follow a crackdown on corruption in the country that saw individuals imprisoned and assets handed over to the government.

The finance minister of Saudi Arabia has sought to reassure investors that the kingdom is a secure place to invest following a crackdown on corruption in the country that saw individuals imprisoned and assets handed over to the government.

Saudi Arabian billionaire businessman Prince Alwaleed bin Talal has been freed after a high - profile detention during a crackdown on corruption, describing his arrest as a «misunderstanding.»

Aside from overseeing radical departures from tradition in the religiously conservative country, the heir to the Saudi kingdom also instigated a crackdown on corruption that saw ministers, businessmen and even fellow princes arrested and detained in 2017.

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.

In addition, we think Chinese President Xi Jinping is likely to continue the government's crackdown on corruption and the shadow banking system.

They have ordered a crackdown on corruption that has ensnared about 200 people.

The government has portrayed the arrests as a crackdown on corruption, but critics see the detentions as an effort by the Saudi crown prince, Mohammed bin Salman, to neutralize any remaining power centers in the kingdom that could challenge his rule.

Earlier this month, Emaar Development PJSC struggled to complete its offering as a crackdown on corruption in Saudi Arabia hurt market sentiment and led investors to pull orders, people familiar with that deal said.

Our crackdown on corruption will continue to be vigorously undertaken.

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.

Last year, in an attempt to crackdown on corruption, the Indian government announced that 500 and 100 rupee - denominated notes would be withdrawn from circulation, many people flocked to bitcoin due to the uncertainty surrounding government policy.

In an attempt to crackdown on corruption, the Indian government announced that 500 and 1000 rupee denominated notes would be withdrawn from circulation.