Date
24 August 2019

BUSINESS

  • US President Donald Trump lashed back at a new round of Chinese tariffs by heaping an additional 5 percent duty on some US$550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by...
  • Trade unions in Hong Kong have called on Cathay Pacific Airways to put an end to “all forms of white terror”, as news surfaced that the carrier has sacked another employee in suspected retaliation for involvement...
  • Xiaomi Corp. (01810.HK) is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable...
  • The outstanding amounts of bonds trading in the negative yield territory have been growing rapidly. This is a rather old situation. The total market size of negative-yield bonds was around US$5.8 trillion in early October last...
  • After Tesla’s founder Elon Musk admitted to taking pills to sleep in an interview with the New York Times, the share price of the electric car maker tanked 9 percent in a single day. This shows...
  • Asia-Pacific real estate investment trusts (REITs) have seen massive growth in the last two decades, growing from a US$6 billion sector of only Australian and New Zealand REITs to over 250 REITs and over US$370 billion...
  • There are three negative supply shocks that could trigger a global recession by 2020. All of them reflect political factors affecting international relations, two involve China, and the United States is at the center of each....
  • The US Federal Aviation Administration said it will invite Boeing 737 MAX pilots from across the world to participate in simulator tests as part of the process to recertify the aircraft for flight following two fatal...
  • California-based VMware has acquired two providers of cloud security and cloud developer services in separate deals valued at US$4.8 billion in total. One deal involved the acquisition of Pivotal Software, while the other marked the purchase...
  • US toymaker Hasbro will buy Canada-based studio Entertainment One (eOne) for about US$4 billion, expanding into the lucrative infant and preschool market by gaining access to popular TV shows like Peppa Pig and PJ Masks, Reuters reports. The...

WORLD

  • US President Donald Trump lashed back at a new round of Chinese tariffs by heaping an additional 5 percent duty on some US$550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by...
  • Every year, the Endeavour Education Centre arranges a summer tour on power and energy for Hong Kong teachers, and this year the group visited a hydroelectric power facility in southwestern China’s Sichuan province. While many believe...
  • China’s embassy in Canada said bilateral ties were suffering “gross difficulties” and demanded Ottawa free Huawei Technologies Co. Ltd. chief financial officer Meng Wanzhou. Relations have been icy since Meng was detained in Vancouver last December...
  • Australia’s most populous state said it will ax a Chinese-funded education program that teaches Mandarin in schools amid fears over potential foreign influence, Reuters reports.  The Confucius Institute program – administered by the Chinese government agency...
  • Amid growing international criticism over the wildfires raging through the Amazon, Brazilian President Jair Bolsonaro admitted farmers could be illegally setting the rainforest alight but told foreign powers not to interfere. French President Emmanuel Macron and...

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