EJ Insight

BUSINESS

Nike steps up direct-to-consumer push

SC Yeung - Aug 21, 2019 12:59pm

Amid a paradigm shift in retail management, companies have been under growing pressure to pursue digital transformation and adopt Big Data-related business models. Among the consumer-driven firms that have embraced such path early on is global...
Alibaba postpones HK listing amid protests: report

Aug 21, 2019 12:41pm

China’s biggest e-commerce company Alibaba Group Holding Ltd. has delayed its up to US$15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, Reuters reports, citing two people with knowledge of...
WhatsApp to launch mobile payments service in Indonesia: report

Aug 21, 2019 12:26pm

Facebook-owned WhatsApp is in talks with several digital payment companies in Indonesia to offer mobile transaction services through the messaging app in a bid to tap the nation’s fast-growing e-commerce sector, Reuters reports. If this materializes,...
Trump looking at possible tax cuts amid recession fears

Aug 21, 2019 9:49am

US President Donald Trump said his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading...
Facebook’s Libra faces EU antitrust probe: Bloomberg

Aug 21, 2019 9:17am

Facebook Inc.’s proposed digital currency Libra faces anti-trust probe by European Union regulators, Bloomberg reports, citing a document it has seen. The European Commission is “currently investigating potential anti-competitive behavior” related to Libra amid concerns that...
Intel unveils first artificial intelligence chip Springhill

Aug 21, 2019 9:09am

Intel Corp. unveiled its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing centers, Reuters reports. The chip, developed at its development facility in Haifa, Israel, is known...
Facebook users to get more control over data

Aug 21, 2019 8:48am

Facebook Inc. said it is tweaking its policies to allow users to see and control the data that the social network gathers from their browsing habits on other websites and apps, Reuters reports. The company defines...
Walmart sues Tesla over solar panel fires

Aug 21, 2019 8:28am

Walmart Inc. sued Tesla Inc., saying solar panels supplied by the electric car maker were responsible for fires at about seven of its stores, Reuters reports, citing a lawsuit filed in a New York court on...
US regulators ease rules for Wall Street banks

Aug 21, 2019 8:24am

US banking regulators eased trading regulations for Wall Street banks, giving them one of their biggest wins under the Trump administration but drawing criticism from consumer activists who warned of potential risks to taxpayers. The Office...
Xiaomi misses estimates amid intense rivalry at home

Aug 21, 2019 7:30am

China’s Xiaomi Corp. (01810.HK) reported 15 percent growth in quarterly revenue, missing estimates, as fewer people bought smartphones at home and rival Huawei grabbed market share, Reuters reports. The company is weathering a bleak domestic smartphone...

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WORLD

China parliament rules out allowing same-sex marriage

Aug 21, 2019 1:03pm

Limiting marriage to between a man and a woman will remain China’s legal position, a parliament spokesman said on Wednesday, ruling out following neighboring Taiwan in allowing same-sex marriage, despite pressure from activists. Taiwan’s parliament passed...
What does the new Shenzhen reform plan mean for Hong Kong?

Ko Tin-yau - Aug 21, 2019 10:40am

China’s State Council has unveiled a detailed plan for wide-ranging reforms to be implemented in Shenzhen. The plan was released against the backdrop of a series of anti-government protests in Hong Kong. Some observers have speculated...
Ex-Vatican treasurer Pell loses appeal on sex abuse conviction

Aug 21, 2019 10:05am

Former Vatican treasurer Cardinal George Pell lost an appeal against his conviction for sexually abusing two 13-year-old choir boys and will remain in prison for at least another three years, an Australian court ruled on Wednesday....
Trump looking at possible tax cuts amid recession fears

Aug 21, 2019 9:49am

US President Donald Trump said his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading...
Italian government in crisis after PM quits

Aug 21, 2019 8:05am

Italian President Sergio Mattarella begins two days of talks with parties on Wednesday to seek a way out of a political crisis that will lead to the formation of the country’s 67th government since World War...

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Hong Kong

Govt must shed its tunnel vision to resolve crisis

More than two months into the anti-extradition bill movement, Hong Kong has reached a touch-and-go situation and faces a threat to its system and society unless a way out is found soon. As the...
Kowloon Park underground space devt plan faces opposition

The government is facing questions over its proposal to develop underground space at Kowloon Park in Tsim Sha Tsui, with a non-profit group saying it doesn’t believe the plan will achieve its stated goals,...
Man, 50, arrested after knife attack at Lennon Wall

A 50-year-old Hong Kong man has been arrested following a knife attack on three people at a pro-democracy Lennon Wall in Tseung Kwan O early Tuesday. The police confirmed that the suspect was arrested at...
China: Worker at British consulate in HK detained in Shenzhen

A Chinese national working at Britain’s Hong Kong consulate has been detained in China’s border city of Shenzhen for violating the law, the Chinese foreign ministry said on Wednesday, likely worsening already strained ties...
Three police officers arrested over ‘torture’ of man in hospital

Three police officers were arrested after they were accused of beating up and subjecting a 62-year-old man to torture while he was strapped to a hospital bed. The arrests were made several hours after Democratic...