The United States urges China to fulfill its commitment to fight illegal, unreported, and unregulated fishing (IUU), a senior US administration official said on Monday.

“We also call on the PRC [the People's Republic of China] to fulfill its pledge and actively participate in and support the international community in fighting against IUU fishing,” the official told a press briefing.

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New York Federal Reserve President John Williams said that he doesn’t see a recession in the near future, even as other economists and investors worry that a downturn will result from the central bank's interest rate hikes.

Williams said Tuesday that he isn’t working under the belief that the economy will fall into a recession, but he admitted America's economic growth will eventually take a hit by the Fed’s historic tightening.

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For all its tough talk against Russia, the UK's government is failing to enforce its promises to clean up dirty foreign money, a hard-hitting report by MPs said Thursday.

It was "shameful" that after years of warnings, the government only began to clamp down on the illicit flows when Russia invaded Ukraine in February, the report by the House of Commons Foreign Affairs Committee said.

The government has brought in new legislation to prevent corrupt funds being laundered through Britain's property market.

Major cryptocurrency hedge fund Three Arrows Capital has fallen into liquidation, a person with knowledge of the matter told CNBC, marking one of the biggest casualties of the latest so-called “crypto winter.”

Teneo has been brought on board in the last few days to deal with the liquidation process, the person, who requested anonymity because they were not authorized to discuss the matter publicly, said.

Sky News first reported the liquidation story.

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