Tesla prices jump 20pct in China

Tesla is increasing the prices of its Model S and Model X cars in China by more than $20,000, reports Electrek. The step-up comes as tariffs rise and the trade war escalates. The original 25% tariff increased to 40% in retaliation for the U.S.’s latest list of targeted Chinese products.

Credit Suisse’s $77M corruption fine

Credit Suisse is the latest Wall Street bank in trouble with U.S. authorities over Chinese hiring, reports The New York Times. The firm has been fined $77 million by the Justice Department and the SEC in a settlement over claims it hired the relatives of influential Chinese officials in order to curry favor and win business in the region. In 2016, authorities fined JPMorgan Chase $264 million over its hiring practices in China.