EJ Insight

BUSINESS

Netflix global growth falls short, US customers shrink

Jul 18, 2019 9:50am

Netflix said on Wednesday that it lost US streaming customers for the first time in eight years and that it missed targets for new subscribers overseas, Reuters reports. Announcing its quarterly results, the firm revealed that...
G7 finance chiefs pour cold water on Facebook’s Libra plans

Jul 18, 2019 9:23am

Group of Seven finance chiefs cast a cloud over prospects for Facebook’s Libra digital coin, insisting tough regulatory problems would have to be worked out first, Reuters reports. The massive social media company’s plan to launch...
Qualcomm set to face second EU antitrust fine: report

Jul 18, 2019 9:01am

Qualcomm could be hit with a second EU antitrust fine as soon as Thursday for blocking a rival from the market more than a decade ago, Reuters reports, citing people familiar with the matter. The chipmaker...
EU opens antitrust probe into Amazon over use of merchant data

Jul 18, 2019 8:50am

Amazon’s use of merchants’ data triggered an EU antitrust investigation on Wednesday, as regulatory concerns mount on how tech giants exploit customer information to reinforce their market power, Reuters reports. The European Commission has been seeking...
Huawei rolling out new products to enhance user stickiness

SC Yeung - Jul 17, 2019 12:54pm

Despite the potentially debilitating impact of the US embargo on its operations, Huawei Technologies has continued to develop new products as part of efforts to maintain its growth momentum globally. The Chinese telecoms equipment maker has...
The Great Crypto Heist

Nouriel Roubini - Jul 17, 2019 10:25am

There is a good reason why every civilized country in the world tightly regulates its financial system. The 2008 global financial crisis, after all, was largely the result of rolling back financial regulation. Crooks, criminals, and...
Hong Kong loses IPO crown; social unrest to blame

Lam Yat-yim - Jul 17, 2019 10:24am

Budweiser APAC scrapped its plan to raise up to HK$76 billion in a Hong Kong listing, a deal that could have marked the world’s biggest IPO this year. Last month, Hutchison Chi-Med, a biopharmaceutical company backed by...
Facebook shouldn’t be trusted with Libra plan: US senators

Jul 17, 2019 9:22am

Facebook’s track record should stand in the way of it launching a digital currency, US lawmakers said on Tuesday, labeling the firm’s plan for the Libra crypto unit “delusional” and “crazy”. “Facebook has demonstrated through scandal...
Trump calls for inquiry into Google’s work with China

Jul 17, 2019 9:19am

US President Donald Trump said his administration would investigate whether Alphabet Inc.’s Google supports the Chinese government, accusations that a company official refuted hours later at a Senate hearing, Reuters reports. The president repeated accusations made...
Tesla drops cheapest Model X, S variants, adjusts prices

Jul 17, 2019 9:07am

Tesla Inc. has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, Reuters reports. To simplify its offerings, the automaker limited variants of its...

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WORLD

Preparing for job losses in the AI era

Herbert Chia - Jul 18, 2019 10:59am

Artificial intelligence (AI) is set to boost business efficiency and bring the world into a new era of customization. However, the downside for society is that more jobs will be lost to automation, a development that...
Mexican drug lord El Chapo gets life sentence in US

Jul 18, 2019 9:39am

Joaquin “El Chapo” Guzman, the Mexican drug lord who twice escaped maximum-security prisons in his country, will spend the rest of his life in a US penitentiary, a federal judge said after accusing him of “overwhelming...
G7 finance chiefs pour cold water on Facebook’s Libra plans

Jul 18, 2019 9:23am

Group of Seven finance chiefs cast a cloud over prospects for Facebook’s Libra digital coin, insisting tough regulatory problems would have to be worked out first, Reuters reports. The massive social media company’s plan to launch...
US expels Turkey from F-35 program over Russia deal

Jul 18, 2019 9:23am

The United States announced on Wednesday that it is removing Turkey from the F-35 fighter jet program, a move that came after Ankara began accepting delivery of an advanced Russian missile defense system last week, Reuters...
Why a Terry Gou-Ko Wen-je ticket may benefit pan-Blue coalition

HKEJ Editorial - Jul 17, 2019 6:52pm

On Monday the opposition Kuomintang (KMT) announced the results of its presidential primaries, with Kaohsiung Mayor Han Kuo-yu enjoying a more than 17-point lead over his major rival Terry Gou Tai-ming, founder of Foxconn Group. After...

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Hong Kong

When will our leader in hiding face the people?

What’s Beijing to do? Hong Kong people have found a way to slip through its tightening grip. They’re now doing it week after week with increasing defiance at a place and time of their...
Beijing said to be weighing idea of independent inquiry

The violent scenes at New Town Plaza in Sha Tin on Sunday night were definitely horrifying and distressing, and have raised widespread concerns that the emotions of both protesters and police might already have...
Protester, 22, accused of biting a cop’s finger granted bail

A 22-year-old man who was arrested for attacking police officers during the clashes that took place at a shopping mall in Sha Tin over the weekend has been granted bail by a local court....
Residents express anger at New Town Plaza over Sunday clashes

Residents voiced anger at management and staff of a shopping mall in Sha Tin, suspecting them of assisting police in conducting clearing operations against anti-extradition bill protesters on Sunday night. Some 1,000 people gathered...
CHRF plans fresh weekend protest march despite police plea

The Civil Human Rights Front (CHRF), the group that organized the millions-strong citizens’ marches in Hong Kong last month in the wake of the government’s extradition bill, said on Tuesday that it aims to...