China Begins Probe Into FedEx Knives Shipment To Hong Kong


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China has begun an investigation into allegations that FedEx Corp. (NYSE:FDX) illegally handled a package containing restricted shipments of knives bound for Hong Kong, China's state-run media agency Xinhua said September 3.

The items were allegedly headed for China's Hong Kong Special Administrative Region, Xinhua said. The items involved have been temporarily detained as the investigation is underway, Xinhua said.

FedEx was not immediately available to comment.

In June, FedEx rerouted packages sent by Chinese telecom maker Huawei Technologies bound for Huawei's offices in Asia to its worldwide headquarters in Memphis, Tennessee. FedEx subsequently apologized for the incidents.

Image Sourced from Pixabay


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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