Date
22 January 2019

BUSINESS

  • John Bogle, the founder of Vanguard Group and a major proponent of index investing, passed away last Wednesday in the United States at the age of 89. The passive investment approach he advocated has been extremely...
  • China is frenziedly preparing for the rollout of fifth-generation mobile technology even as several western nations appear to be ganging up on Huawei Technologies to exclude the Chinese telecommunications equipment giant from their own 5G plans...
  • At an investment outlook summit held by the Hong Kong Economic Journal last weekend, most guest speakers agreed that Hong Kong may not suffer much this year despite bearish sentiment in both the property and equity markets. Alex...
  • WhatsApp has begun to limit worldwide the number of times a user can forward a message to five as the popular messaging service looks to fight “misinformation and rumors”, Reuters reports. The limit of five is...
  • South Korea’s economy expanded at the fastest pace in three quarters in the last three months of 2018 as a jump in government spending juiced up construction and investment, though weak exports cast a cloud over...
  • Tesla’s Model 3 has been given the green light to hit the road in Europe, clearing the final hurdle for the European introduction of the battery-powered sedan expected next month, Reuters reports. The Model 3 is...
  • The International Monetary Fund trimmed its global growth forecasts and a survey showed increasing pessimism among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering of the rich and powerful, Reuters...
  • France’s data protection watchdog fined Alphabet’s Google 50 million euros (US$57 million) for breaching European Union online privacy rules, the biggest such penalty levied against a US tech giant, Reuters reports. The French regulator CNIL said...
  • The euro area has shown no signs of improvement in recent weeks.  Industrial production fell by 3.3 percent year on year in November, its first decline since January 2017. The German economy only managed to expand...
  • Thai tycoon Prasert Prasarttong-osoth resigned on Monday as chief executive of Bangkok Dusit Medical Services and Bangkok Airways after the securities regulator barred him from holding executive positions in listed Thai firms, citing share manipulation, Reuters...

WORLD

  • South Korea will hold its largest-ever investigation into sexual abuse in sports, its human rights watchdog said on Tuesday, after an Olympic speed skating star accused her former coach of abuse triggered a wave of similar...
  • Police in Macau and mainland China detained 39 suspects in an underground lending case involving more than 30 billion yuan (US$4.42 billion) as China steps up measures to reduce economic risks and clamp down on illicit...
  • British scientists are developing gene-edited chickens designed to be totally resistant to flu in a new approach to trying to stop the next deadly human pandemic, Reuters reports. The first of the transgenic chicks will be...
  • In reaction to the ongoing “Yellow Vest” revolt in France, President Emmanuel Macron has decided to hold a “grand” nationwide debate.  Over the coming months, locally organized workshops, internet-based consultations, and regional citizen conferences will assess...
  • Chinese authorities said a Chinese scientist who created what he said were the world’s first “gene-edited” babies evaded oversight and broke ethical boundaries in a quest for fame and fortune while his former university said he had...

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