EJ Insight

BUSINESS

FedEx profit beats estimates, warns of trade war impact

Jun 26, 2019 10:08am

FedEx posted quarterly profit that topped market expectations, but warned that US-China trade tensions and non-renewal of an Amazon contract will hurt its fiscal 2020 performance, Reuters reports. “Our fiscal 2020 performance is being negatively affected...
SpaceX launches 24 satellites into orbit

Jun 26, 2019 9:48am

A SpaceX Falcon Heavy rocket blasted off from Kennedy Space Center in Florida on Tuesday, putting 24 experimental satellites into orbit after what Elon Musk’s rocket company called one of its “most difficult” launches ever, Reuters...
China’s BYD opens Canada electric bus facility

Jun 26, 2019 9:45am

Chinese electric-vehicle maker BYD has announced that it opened its first plant in Canada, which will initially focus on assembling buses for the Toronto public transport agency, Reuters reports. The 45,000-square-foot facility, based in Ontario, will...
Facebook to give data on hate speech suspects to French courts

Jun 26, 2019 9:20am

Facebook has agreed to hand over the identification data of French users suspected of hate speech on its platform to judges, Reuters reports, citing France’s minister for digital affairs Cedric O. The decision by the social...
AbbVie to acquire Botox-maker Allergan in US$63 billion deal

Jun 26, 2019 8:48am

Drugmaker AbbVie Inc. said it is acquiring Allergan Plc for about US$63 billion, giving AbbVie control over the lucrative wrinkle treatment Botox and buying time to seek new growth before its blockbuster arthritis treatment Humira loses...
Micron resumes some Huawei shipments

Jun 26, 2019 8:31am

Micron Technology Inc. said it has resumed some microchip shipments to Huawei Technologies Co. Ltd. and still expects demand for its chips to recover later this year, sending shares up as much as 10 percent late...
Hackers hit global telcos; Chinese links seen

Jun 26, 2019 8:18am

Hackers broke into the systems of more than a dozen global telecom firms and stole huge amounts of data in a seven-year spying campaign, researchers from a cyber security company said, identifying links to previous Chinese...
US hopes to relaunch trade talks, won’t accept tariff conditions

Jun 26, 2019 8:02am

The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday but Washington will not accept any conditions on tariffs, Reuters reports, citing a...
Fed pushes back on aggressive US rate cut views

Jun 26, 2019 7:45am

Federal Reserve officials pushed back on market expectations and presidential pressure for the central bank to deliver a significant US interest rate cut of half a percentage point as soon as its next meeting. Chairman Jerome...
A few star performers in the US IPO market

Ko Tin-yau - Jun 25, 2019 4:53pm

Both Uber and Lyft are well below their IPO prices, with their slide stoking concerns that the tech stock boom is coming to an end. But the fact is there have been quite a few star...

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WORLD

Robert Mueller to testify before House panels on July 17

Jun 26, 2019 10:38am

US Special Counsel Robert Mueller, who issued a report in April on Russian meddling in the 2016 presidential election, will testify in open session before the House of Representatives Judiciary and Intelligence Committees on July 17,...
US hopes to relaunch trade talks, won’t accept tariff conditions

Jun 26, 2019 8:02am

The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday but Washington will not accept any conditions on tariffs, Reuters reports, citing a...
Trump issues fresh warning to Iran, leaves door open for talks

Jun 26, 2019 7:32am

US President Donald Trump threatened to obliterate parts of Iran if it attacked “anything American”, in a new war of words with Iran which condemned fresh US sanctions on Tehran as “mentally retarded”, Reuters reports. But...
Caravaggio painting found in French attic sold to mystery buyer

Jun 26, 2019 7:23am

A mystery foreign buyer has snapped up a painting by Italian master Caravaggio that was discovered five years ago in a French attic before it could be sold at auction, Reuters reports, citing the auction house....
Curbing the spread of misinformation online

SC Yeung - Jun 25, 2019 4:03pm

Hong Kong’s extradition bill protests that made headlines around the world in the past two weeks were driven in large part by social media campaigns, with thousands taking to the internet to exhort fellow citizens to...

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Hong Kong

Lack of clear protest leader shouldn’t come in way of dialogue

With the “perfect storm” over the extradition bill controversy still raging, some believe the key to resolving the crisis is for the government to open up dialogue with protesters. There is also a view...
Don’t dwell on the wording on fugitive bill suspension: Cheng

As activists and protesters continue to demand complete withdrawal of the extradition bill, the government is sticking to the stand that suspending the bill could effectively amount to scrapping it. Secretary for Justice Teresa...
Country park visits good for health and happiness: survey

A survey has found that a majority of people visited country parks in the past year, and that such trips can be deemed to have a correlation with people’s health and happiness. According to...
Protesters again target key govt buildings

The Inland Revenue Department and the Immigration Department headquarters buildings on Gloucester Road in Wan Chai were once again targeted by anti-government protesters on Monday, causing some disruption in services. After nearly 500 people...
CHRF calls fresh rally over fugitive bill, voicing 5 demands

Keeping up the pressure on the government in relation to the extradition bill, which has been suspended but not withdrawn, and the police’s use of force on demonstrators, an activist group has called another...