EJ Insight

BUSINESS

HK economy expected to shrink 1.3% for the year amid protests

Nov 15, 2019 6:20pm

Hong Kong has revised down its estimate for economic growth this year amid increasingly violent anti-government protests and trade tensions between the United States and China. The government is now forecasting a contraction of 1.3 percent for...
Investing in sustainable water solutions for the future

Neil Dwane - Nov 15, 2019 3:06pm

The water investment theme offers an opportunity for an active investment approach due to the diversity of the underlying players, and an immunity to political and sentiment-driven volatility given the value of water as a social...
HK’s future ‘remains bright’, Alibaba says amid stock offering

Nov 15, 2019 11:43am

Hong Kong’s “future is bright” as a top financial center, Alibaba Group Chairman Daniel Zhang said, as the Chinese ecommerce giant kicked off the retail campaign for its secondary listing in the city. In the chairman’s...
Green markets for equitable growth

Graciela Chichilnisky and Peter Bal - Nov 15, 2019 10:39am

The climate crisis and the 2008 financial crisis are two sides of the same coin. Both were born of the same toxic feature of the world’s prevailing economic model: the practice of discounting the future. Protecting...
A living wage for capitalism

Jim O'Neill - Nov 15, 2019 10:17am

At 3.6 percent, unemployment in the United States remains near its lowest level since the late 1960s. There are even signs that people who had previously dropped out of the labor force are being attracted back...
Australia clears Mengniu purchase of Bellamy’s, with conditions

Nov 15, 2019 9:57am

The Australian government on Friday approved China Mengniu Dairy Co. Ltd.’s (02319.HK) A$1.43 billion (US$980.27 million) takeover of infant formula maker Bellamy’s Australia Ltd. but imposed conditions to keep the company tied to Australia, Reuters reports....
Google antitrust probe to expand into Android: report

Nov 15, 2019 9:57am

The several dozen attorneys general investigating advertising practices at Google are planning to expand their antitrust probe into the unit’s flagship Android business, CNBC reported on Thursday, citing people familiar with the matter. The investigation, led...
Amazon challenges Pentagon’s US$10 bln cloud award to Microsoft

Nov 15, 2019 9:49am

Amazon said on Thursday that it is contesting the Pentagon’s award of an up to US$10 billion cloud computing deal to Microsoft, expressing concern that politics got in the way of a fair contracting process, Reuters...
Boeing brings back humans after 777 assembly automation issues

Nov 15, 2019 9:38am

Boeing has scaled back use of automation to make fuselage sections for its 777 jetliners amid reports of reliability issues and returned to having mechanics do some of the work, Reuters reports. The company began to...
China’s Huawei, ZTE ‘cannot be trusted’: US attorney general

Nov 15, 2019 9:24am

Huawei Technologies and ZTE Corp “cannot be trusted,” US Attorney General William Barr said, labeling the Chinese firms a security threat as he backed a proposal to bar US rural wireless carriers from tapping a government...

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WORLD

Suspend HK special status in event of China crackdown: USCC

Nov 15, 2019 4:58pm

The US Congress should enact legislation that would suspend the special economic status Hong Kong enjoys under US law should China deploy forces to crush protests in the territory, a congressional advisory body said on Thursday....
Is Hong Kong the new Lebanon?

Stephen Vines - Nov 15, 2019 12:17pm

It’s official: the government has no idea what’s going on. This is precisely what Matthew Cheung, the Chief Secretary of Administration in Name Only (CSANO), told legislators this week when asked if he understood why people...
Green markets for equitable growth

Graciela Chichilnisky and Peter Bal - Nov 15, 2019 10:39am

The climate crisis and the 2008 financial crisis are two sides of the same coin. Both were born of the same toxic feature of the world’s prevailing economic model: the practice of discounting the future. Protecting...
Citizens as ‘customers’ of government agencies

Franco Lan - Nov 15, 2019 9:59am

For years, enterprises have invested in cloud-enabled digital innovation. Businesses reap the rewards in terms of business agility, efficiency, cost savings and improved customer experience. People who have enjoyed the benefits of digital innovation now have...
Chile minister expects job losses, fuel hike in wake of protests

Nov 15, 2019 9:44am

Chile’s finance minister predicted that as many as 300,000 jobs could be lost because of the impact of four weeks of rioting in one of Latin America’s strongest economies, Reuters reports. Newly appointed Finance Minister Ignacio...

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Hong Kong

CE to hold another Facebook Live event? Will it matter?

On Oct. 16, Chief Executive Carrie Lam Cheng Yuet-ngor delivered her annual policy address by video – the first time this was ever done in the city’s history – after fierce protests mounted by pan-democratic...
Police should make first move to mend fences with public

Once seen as Asia’s finest, the Hong Kong police force has seen its public image and credibility plummet to rock bottom amid months of anti-government protests. There are complicated and inter-related socio-political factors that have...
HK economy expected to shrink 1.3% for the year amid protests

Hong Kong has revised down its estimate for economic growth this year amid increasingly violent anti-government protests and trade tensions between the United States and China. The government is now forecasting a contraction of 1.3...
Suspend HK special status in event of China crackdown: USCC

The US Congress should enact legislation that would suspend the special economic status Hong Kong enjoys under US law should China deploy forces to crush protests in the territory, a congressional advisory body said...
Teresa Cheng says she faced ‘violent mob’ during London trip

Justice Secretary Teresa Cheng Yeuk-wah was injured due to a fall after being surrounded and heckled by a group of anti-Hong Kong government protesters in London, according to reports. Public broadcaster RTHK quoted Cheng...