MENA Newswire News Desk: Complaints of fraud and scams have surged to a six-year high, driven largely by a rise in online bank transfers used in investment scams. The Financial Ombudsman Service (FOS) reported receiving 8,734 complaints from consumers between April and June this year, marking a 43% increase compared to the same period in 2023. The FOS, which mediates disputes between…

China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials have been briefed on the potential consequences by senior Chinese representatives in recent…

China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials have been briefed on the potential consequences by senior Chinese representatives in recent…