Date
20 September 2019

BUSINESS

  • India slashed corporate taxes on Friday, giving a surprise US$20.5 billion break aimed at reviving private investment and lifting growth from a six-year low that has caused job losses and fueled discontent in the countryside. Finance...
  • We have recently published, once again through the publishing department of the Hong Kong Economic Journal, our third Chinese book on real estate investment trusts (REITs). The previous incarnation of this book, which won an award...
  • Britain’s Thomas Cook scrambled on Friday to find an extra 200 million pounds ($251 million) to satisfy its lenders and secure the survival of the world’s oldest holiday company. Last month Thomas Cook, the pioneer of...
  • China Investment Corp. said on Friday the Sino-US trade war has made it more cautious about investing in the United States, after the Chinese sovereign wealth fund posted a dive in yearly profit, Reuters reports. China...
  • At least three new US stock exchanges are expected in 2020, potentially lowering trading costs as the upstarts try to take business from the incumbents, while also adding complexity to the marketplace, Reuters reports. There are...
  • New York has extended its lead as the world’s top financial center, with London barely holding on to second place ahead of Hong Kong as uncertainty over Brexit takes its toll on the UK capital, a...
  • Amazon founder and CEO Jeff Bezos pledged to make the e-commerce behemoth net carbon neutral by 2040, responding to growing concerns around the world about climate change. “We know we can do it and we know...
  • US payments startup Stripe said on Thursday that it is raising US$250 million in a new funding round, valuing the firm at US$35 billion. The deal marks a dramatic 56 percent surge in the company’s valuation...
  • Huawei unveiled its new smartphones to challenge Apple’s iPhone 11, talking up slick design and best-in-class features while playing down concerns about the lack of access to Google’s popular apps. At a glitzy launch in the...
  • Facebook chief executive Mark Zuckerberg met with US President Donald Trump on Thursday during a fence-mending visit to Washington where the chief executive faced aggressive questioning from lawmakers about the social network’s failures to protect consumer...

WORLD

  • Thousands of students took to the streets of Australia and other Asia-Pacific countries on Friday to kick off a global strike demanding world leaders gathering for a UN Climate Action Summit adopt urgent measures to stop...
  • Taiwan said on Friday it has cut official ties with the Pacific island nation of Kiribati, losing another ally amid Chinese pressure on nations with diplomatic relations with the self-ruled island, Reuters reports. China claims Taiwan...
  • Climate Code Red

    - Sep 20, 2019 10:43am
    When emergencies strike, special processes within governments and communities swing into gear. And everyone steps up to help. The world is now in a climate emergency. At the United Nations Climate Action Summit in New York...
  • Canadian Prime Minister Justin Trudeau vowed to continue his re-election campaign and asked for forgiveness after pictures of him in blackface emerged less than five weeks before the national vote, Reuters reports. The Liberal Party leader’s...
  • Israel’s weakened Prime Minister Benjamin Netanyahu saw his offer of a coalition with his strongest political rival swiftly rebuffed after failing to secure a governing majority in a tight election, Reuters reports. Netanyahu’s surprise move was...