Date
25 January 2020

Business

  • Trivago's rankings are largely based on whoever pays it the most, rather than on impartial price comparisons, Australia's consumer watchdog said. Photo: Bloomberg

    Trivago found guilty of misleading consumers on hotel room rates

    - Jan 24, 2020 4:43pm
    A federal court in Melbourne has found online hotel booking site Trivago guilty of misleading customers about hotel room rates. Founded in the Netherlands in 2005, the website has over 150 million users worldwide, making it...
  • US President Donald Trump and Chinese Vice Premier Liu He shake hands after signing the long-awaited Phase 1 trade deal at the White House on Jan. 15. Photo: Reuters

    EU is the main loser in China-US trade agreement

    - Jan 24, 2020 2:22pm
    Market participants’ excess of optimism over the trade agreement between the United States and China is clearly exaggerated, once we have the details. The trade conflict has had a mild impact on both economies. The US...
  • CLOT's silk sneakers proved a big hit among Hong Kong youngsters. Photo: CLOT/Facebook

    Why flipping of sneakers is good for the brands

    - Jan 24, 2020 1:40pm
    Hong Kong celebrity Edison Chen Koon-hei’s streetwear brand CLOT recently released the AF1 Rose Gold Silk sneakers in cooperation with Nike. Over 3,000 people lined up on the street outside a shop in Sai Wan overnight....
  • Huawei may not be completely shut out from Britain's 5G rollout, a report suggests. Photo: Reuters

    UK officials propose limited 5G role for China’s Huawei: report

    Jan 24, 2020 9:29am
    British officials have proposed granting Huawei a limited role in the UK’s future 5G network, resisting US calls for a complete ban over fears of Chinese spying, Reuters reports, citing people with knowledge of the matter....
  • Apple's iPhones and most of its products are powered by its Lightning cable, whereas Android devices are powered by USB-C connectors. Photo: Reuters

    Apple pushes back against EU calls for common charger

    Jan 24, 2020 9:29am
    Apple has pushed back against EU lawmakers’ call for a common charger, warning the move could hamper innovation, create a mountain of electronic waste and irk consumers, Reuters reports. The iPhone maker’s comments came a week...
  • Facebook's Libra plan is among the factors that are prompting central banks to consider issuing their own digital currencies. Photo: Reuters

    More central banks look to issue own digital currencies: BIS

    Jan 24, 2020 9:18am
    A rising number of central banks are likely to issue their own digital currencies in the next few years, research by the Bank for International Settlements (BIS) showed on Thursday, Reuters reports. Some 20 percent of...
  • Tesla is worth more than Ford Motor and General Motors put together.  Photo: Reuters

    Tesla market value tops US$100 billion

    Jan 23, 2020 11:15am
    Tesla became the first publicly listed US automaker to cross US$100 billion in market valuation following a strong rally in shares of the electric carmaker over the past three months. On Wednesday, Tesla closed at US$569.56...
  • Commuters wearing masks queue at the Wuchang Railway Station in Wuhan on Wednesday. Photo: AFP

    Cathay to let crew wear masks on all flights due to Wuhan virus

    Jan 23, 2020 9:40am
    Cathay Pacific Airways (00293.HK) will allow all crew members and frontline employees to wear surgical masks due to concerns over a new coronavirus, and said passengers to and from Wuhan, China, could change or cancel flights for...
  • Google researchers are said to have disclosed to Apple last August multiple security flaws in the Safari web browser. Photo: Bloomberg

    Google finds security flaws in Apple’s web browser: FT

    Jan 23, 2020 9:14am
    Google researchers have found multiple security flaws in Apple’s Safari web browser that allowed the tracking of users’ browsing behavior, the Financial Times reported on Wednesday, citing a soon-to-be published paper. The vulnerabilities were found in...
  • US President Donald Trump talks to the media as he leaves the World Economic Forum (WEF) event in Davos, Switzerland, on Wednesday. Photo: Reuters

    Trump threatens big tariffs on car imports from EU

    Jan 23, 2020 9:04am
    US President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn’t agree to a trade deal, Reuters reports. “I met with the new head...
  • Guangdong is among the Chinese provinces that have set lower economic growth targets for this year. Photo: Bloomberg

    China provinces cut 2020 GDP growth targets

    Jan 22, 2020 3:20pm
    About two-thirds of China’s provinces, regions and municipalities have cut their 2020 growth targets from last year, Reuters reports. Of provincial-level regions, 22 including Beijing, Guangdong, Zhejiang, Henan, Hainan, and Fujian, set lower growth targets this...
  • Facebook has high hopes for virtual reality with the launch of Oculus Go, a cordless, all-in-one VR headset. Photo: AFP

    Will augmented and virtual reality be the next big thing?

    - Jan 22, 2020 12:40pm
    Big technology firms are always thinking of the Next Big Thing. Right now, everyone is focusing on the fifth-generation mobile communications network, which is expected to play an important role in the development of emerging technologies. But...
  • Viettel has 60 million Vietnamese users, or 63 percent of the population.  Photo: Bloomberg

    Why Viettel could be an emerging challenger to Huawei

    - Jan 22, 2020 10:39am
    Vietnam’s largest telecommunications company, Viettel, said it will launch 5G mobile services in June. Huawei, Ericsson and Nokia are considered frontrunners in the development of 5G infrastructure technology. Among them, Huawei is believed to have the...
  • Tencent staff will still be getting their red packets, although the annual Lunar New Year event has been cancelled because of concerns over the Wuhan virus. Photo: AFP/Xinhua

    Tencent cancels Lunar New Year gathering

    - Jan 22, 2020 10:28am
    Remember that scene on the first working day after the Lunar New Year holiday last year, when thousands of employees of Tencent Holdings (00700.HK) formed a kilometric, serpentine line at their corporate headquarters in Shenzhen to personally receive...
  • Boeing has been updating the 737 MAX flight control system and software to address issues linked to two crashes last year. Photo: Reuters

    Boeing warns of new 737 MAX delay

    Jan 22, 2020 9:16am
    Boeing Co. said it does not expect to win approval for the return of the 737 MAX to service until mid-year due to further potential developments in the certification process and regulatory scrutiny on its flight...
  • Toyota's latest recall over an airbag issue includes 2.9 million US vehicles. Photo: Bloomberg

    Toyota to recall 3.4 mln vehicles worldwide over airbag issue

    Jan 22, 2020 9:16am
    Toyota Motor announced on Tuesday that it will recall 3.4 million vehicles worldwide because of an electronic defect that can result in air bags not deploying in crashes, Reuters reports. The recall, which includes 2.9 million...
  • Over-reliance of imported chips from US puts China in a disadvantageous position in any further trade negotiation. Photo: Reuters

    5G and the chip battle

    - Jan 22, 2020 8:30am
    This is the year of 5G. Whether in terms of data speed or scale, the progression of each successive generation is geometric. But whichever the generation, the chip inside has been the soul of the applications....
  • News that a new strain of coronavirus from the mainland is spreading through human contact has raised concerns among investors and the general public. Photo: CNSA

    Hong Kong stocks plunge as virus fears heighten

    Jan 21, 2020 4:46pm
    Hong Kong stocks plunged on Tuesday, with all 50 constituents of the benchmark index ending in the red, as a ratings downgrade and news that a new virus from the mainland is spreading through human contact spooked...
  • The Hong Kong government's failure to come up with a solution to end the social unrest has prompted Moody's to downgrade the territory's credit rating. Photo: Reuters

    Moody’s cuts HK rating on slow govt response to protests

    Jan 21, 2020 4:00pm
    Moody’s downgraded Hong Kong’s credit rating one notch to “Aa3” from “Aa2” on Monday, saying its view on the strength in the city’s institutions and governance is “lower than previously estimated,” Reuters reports. The agency, however,...
  • China remained the second largest recipient of FDI globally, but the nation's direct investments overseas have fallen. Photo  Reuters

    China 2019 FDI up 5.8%, outbound investment slumps

    Jan 21, 2020 3:59pm
    Foreign direct investment (FDI) in China was up 5.8 percent last year to 941.5 billion yuan (US$136.71 billion), the nation’s commerce ministry said on Tuesday. It marked the biggest rise since 2017, when FDI grew 7.9...