Date
24 July 2019

BUSINESS

  • All but four of the 25 stocks listed on STAR Market fell on Tuesday as investors took profits from opening day gains. Photo: Reuters

    Top investors lose US$1 bln as STAR Market reverses on day two

    Jul 23, 2019 5:08pm
    The biggest shareholders in China’s new Nasdaq-style STAR Market lost a combined US$1 billion in the second day of trade on Tuesday, a day after the board’s roaring debut created three new billionaires, Reuters reports. All...
  • One or both of Apple’s upgraded versions of the iPhone XS and XS Max will feature a triple-lens camera system at the back, according to market talk. Photo: Reuters

    What to expect from Apple’s 2019 iPhones

    - Jul 23, 2019 2:12pm
    With about eight weeks to go for Apple’s 2019 fall event, going by the firm’s previous timing for annual flagship product announcements, speculation is mounting as to what the iPhone maker will offer consumers this year....
  • The United States does not have enough capacity to make samarium cobalt rare earth permanent magnets, which are commonly found in precision-guided missiles, smart bombs and military jets. Photo: Bloomberg

    Trump tells Pentagon to find better sources of rare earth magnet

    Jul 23, 2019 9:10am
    US President Donald Trump told the Pentagon to find better ways to procure a rare earth magnet used in specialty motors, warning that the nation’s defense would suffer without adequate stockpiles, Reuters reports. Attention is growing...
  • The deal, valued at US$1 billion or more, could be reached next week, assuming talks don't fall apart. Photo: Bloomberg

    Apple in talks to buy Intel smartphone-modem chip business: WSJ

    Jul 23, 2019 8:09am
    Apple Inc. is in advanced talks to buy chipmaker Intel Corp.’s smartphone-modem chip business, the Wall Street Journal reported, citing people familiar with the matter. Assuming talks don’t fall apart, the deal, valued at US$1 billion...
  • The US Commerce Department has been investigating Huawei since 2016 and is reviewing whether the company violated export control rules in relation to sanctions on North Korea. Photo: AFP

    Huawei helped N Korea build, maintain wireless network: report

    Jul 23, 2019 7:46am
    Huawei Technologies Co. Ltd. secretly helped North Korea build and maintain its commercial wireless network, the Washington Post reported on Monday, citing sources and internal documents. The Chinese telecommunications giant partnered with a state-owned Chinese firm,...
  • Critics said the amount to be paid by Equifax is still too small for the millions of Americans affected. Photo: Reuters

    Equifax’s US$700 mln settlement over data breach spurs backlash

    Jul 23, 2019 7:29am
    Credit-reporting company Equifax Inc. will pay up to US$700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, Reuters reports. While it was the largest-ever settlement for...
  • Many Taiwanese high-end electronics makers are shifting part of their production lines from mainalnd China back to the island to avoid tariffs and other restrictions from the United States as a result of the US-China trade war. Photo: Bloomberg

    Taiwan the biggest winner in US-China trade row so far

    - Jul 22, 2019 4:27pm
    Many Taiwanese high-end electronics makers are shifting part of their production lines from mainland China back to the island to avoid tariffs and other restrictions from the United States. Industry chains always chase the most cost-efficient...
  • Following a complaint from a state-owned steel producer, China has imposed anti-dumping duties on some steel products from the EU and three Asian nations. Photo: Reuters

    China slaps anti-dumping duty on steel products from EU, S Korea

    Jul 22, 2019 1:08pm
    China announced on Monday that it will impose anti-dumping duties on some stainless steel products imported from the European Union, Japan, South Korea and Indonesia, Reuters reports. Anti-dumping tariffs of 18.1 percent to 103.1 percent will...
  • The convergence of artificial intelligence and the Internet of Things must lead to the creation of an industry-wide ecosystem in which data from connected devices can be shared and monetized by everyone. Photo: Bloomberg

    How AI and IoT will interact

    - Jul 22, 2019 12:26pm
    With more than four billion internet users worldwide today and 31 billion connected devices forecast by 2020, the future of the digital world lies in how people and “things” will interact with each other. The key...
  • Officials attend the listing ceremony of the first batch of companies on STAR Market, China's new Nasdaq-style tech board, at the Shanghai Stock Exchange on Monday. Photo: Reuters

    Most stocks surge on first day of trade on China’s STAR Market

    Jul 22, 2019 11:54am
    China’s new Nasdaq-style board for homegrown technology firms started trading on Monday, with most of the stocks surging in their debut, Reuters reports. Most of the first batch of 25 companies – ranging from chip-makers to...
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Startups

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WORLD

  • South Korea scrambled F-15 and F-16 fighter jets in response to what it considered as intrusions into its airspace. Photo: Internet

    South Korea fires warning shots at Russian military plane

    Jul 23, 2019 3:16pm
    South Korean warplanes fired hundreds of warning shots at a Russian military aircraft that entered South Korean airspace on Tuesday, defense officials said, while Russia denied violating any airspace and accused South Korean pilots of being...
  • Poor fiscal management means that developing countries – particularly in Africa, home to 27 of the world’s 28 poorest countries – are often plagued by debt crises and inflation. Photo: UNSDN

    How can developing countries pay for the SDGs?

    Jul 23, 2019 9:39am
    With objectives as far-reaching as ending poverty in all its forms and delivering quality education to all by 2030, the Sustainable Development Goals (SDGs) are highly ambitious – much more ambitious than their predecessor, the Millennium...
  • Boris Johnson will inherit a political crisis over Britain’s exit from the European Union, currently due to take place on Oct. 31. Photo: Reuters

    Boris Johnson set to become next UK prime minister

    Jul 23, 2019 9:22am
    Boris Johnson is expected to be elected leader of Britain’s governing Conservative Party and the country’s next prime minister on Tuesday, tasked with following through on his “do or die” pledge to deliver Brexit in just...
  • A member of the Iranian Revolutionary Guard walks aboard Stena Impero, a British-flagged vessel owned by Stena Bulk, at Bandar Abbas port in Iran on Sunday. Photo: Fars News Agency/ WANA/Handout via Reuters

    Britain calls for European naval mission to stop Iran ‘piracy’

    Jul 23, 2019 8:23am
    Britain called for a European-led naval mission to ensure safe shipping through the Strait of Hormuz, days after Iran seized a British-flagged tanker in what London described as an act of “state piracy” in the strategic...
  • The US Commerce Department has been investigating Huawei since 2016 and is reviewing whether the company violated export control rules in relation to sanctions on North Korea. Photo: AFP

    Huawei helped N Korea build, maintain wireless network: report

    Jul 23, 2019 7:46am
    Huawei Technologies Co. Ltd. secretly helped North Korea build and maintain its commercial wireless network, the Washington Post reported on Monday, citing sources and internal documents. The Chinese telecommunications giant partnered with a state-owned Chinese firm,...
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Living

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Hong Kong

  • Police Commissioner Stephen Lo (R) stands alongside Chief Executive Carrie Lam as he fields questions from the media on Monday in the wake of violent attacks by suspected triad gangsters in Yuen Long the previous night. Photo: HKEJ

    Police chief faces questions after Yuen Long attacks

    Police Commissioner Stephen Lo Wai-chung faced several questions from the media on Mondayfollowing the violent attacks by suspected triad members on anti-government protesters and passersby at the Yuen Long MTR Station. Responding to allegations...
  • Building more bicycle lanes with direct connection to the public transportation network will encourage more people to take up biking as a major mode of transport. Photo: CNSA

    Cycling to work in Hong Kong

    How attractive is Hong Kong from the viewpoint of startups? Real estate services provider Savills assessed 30 cities from around the world with criteria ranging from the volume of inward venture capital investment to...
  • Chief Executive Carrie Lam, accompanied by Secretary for Security John Lee, Police Commissioner Stephen Lo and 14 other secretaries, hold a press conference on Monday afternoon. Photo: HKEJ

    Carrie Lam condemns violent acts at Liaison Office, Yuen Long

    Chief Executive Carrie Lam Cheng Yuet-ngor vowed to deal with violent acts in accordance with the law after anti-extradition bill protesters stormed Beijing’s Liaison Office in Western District and thugs brutally attacked citizens at...
  • One of the six men arrested on suspicion of links with the Yuen Long train station attacks is led away by police. Photo: RTHK

    Six arrested in connection with Yuen Long attacks

    Six men have been arrested in connection with Sunday’s violence at Yuen Long MTR Station that left more than 40 people injured in suspected triad gangster attacks that mostly targeted anti-government protesters.   The six...
  • International Biology Olympiad participants from Hong Kong -- (from left ) Wong Chi-ngai, Li Yung-chi (Gold medalist), Bruce Chum and Chow King-ngai -- pose for a group picture. Credit: HK Govt

    Hong Kong team wins four medals in Biology Olympiad debut

    Hong Kong achieved impressive results in its first showing at the International Biology Olympiad (IBO), with its team bagging four medals in the global competition that tests biology-related skills and knowledge among secondary school...

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