Date
26 September 2016

BUSINESS

  • Insurance markets around the world are not immune to the impact of digitization and advances in technology. In fact, according to the 2016 EY Asia-Pacific insurance outlook report, insurers are being required to innovate quickly to...
  • Hyundai Motor’s South Korean labor union staged its first full nationwide strike in 12 years on Monday over stalled wage talks. The full-day walkout came after a series of partial stoppages since July at the automaker’s...
  • HSBC recently rented more than 300 desks in a co-working space in Causeway Bay for its digital and transformation team. The facility, which is located in Tower 535 in Jaffe Road, is operated by WeWork, the...
  • Messaging app Snapchat plans to start selling camera-equipped sunglasses this fall, making its first push into the hardware segment. The glasses, called Spectacles, will enable users to record video in 10-second increments that can be synced with smartphones....
  • Rolling Stone, the iconic pop culture magazine, is for sale — 49 percent of it. After five-decade run full of interviews with pop stars and presidents, its founder is selling a big chunk of the business...
  • Tencent founder Pony Ma said his company would donate 2 percent of its annual profit to charity. At the same time, the Chinese billionaire predicted growth in mobile internet use in China’s philanthropy sector, Reuters reports....
  • Dalian Wanda Group, the Chinese entertainment giant owned by the country’s richest man, has opened the first phase of a sprawling 34 billion yuan (US$5.1 billion) tourism park in the eastern city of Hefei. The 160-hectare...
  • Major central banks have realized that monetary easing or even negative interest rates could do little in stimulating growth. Instead, it has twisted the bond market to the extreme. That is why central banks are resorting...
  • Sidewalks have been widened, new crosswalks installed and signaling adjusted at 34 different locations in Kowloon Bay, Ngau Tau Kok and Kwun Tong. Even the area’s back alleys have been decorated with murals and wayfinding signage...
  • Hong Kong’s Securities and Futures Commission and Hong Kong Exchanges and Clearing are holding a public consultation on reforming listings regulation. It is partly a question of who decides which companies can list on the market....

WORLD

  • China reportedly wants to postpone the retirement age. If the authorities raise retirement age by one year, the nation’s gross domestic product growth rate will increase by more than 0.5 percentage points according to studies. At...
  • Cement is said to have been used in the restoration of a section of the Great Wall in Liaoning province, destroying the cultural value of the ancient landmark. The project, which started two years ago with...
  • This has been a good month for China in its efforts to seize fugitives on the run, some of whom allegedly fled the country with large amounts of illicit funds. Beijing is now taking concrete steps...
  • Arnold Palmer, one of golf’s greatest players, died on Sunday. He was 87. “We are deeply saddened by the death of Arnold Palmer, golf’s greatest ambassador, at age 87,” Reuters quotes the US Golf Association as...
  • Chen Guangbiao, once hailed as China’s top philanthropist, has grabbed major headlines once more. But unlike in past reports which praised him for his generosity, this time mainland media are calling into question his integrity. Financial...

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