HONG KONG (REUTERS) – Hong Kong pro-democracy activist Joshua Wong filed a court challenge on Friday (Aug 7) against his disqualification from last year’s district polls, a move which may have implications for this year’s removals of opposition candidates for the city’s legislature. Wong, 23, was the only candidate in district council elections last year […]
SYDNEY (Reuters) – Australia’s central bank on Friday warned that the latest coronavirus containment measures in Victoria state are expected to subtract at least 2 percentage points from national growth in the current quarter. Victoria’s capital of Melbourne, Australia’s second most populous city, entered a six-week total lockdown on Thursday, shuttering shops and businesses and requiring […]
WASHINGTON (BLOOMBERG) – It didn’t take long for Donald Trump to throw out the long-established diplomatic rulebook on Taiwan: A month before taking office in January 2017, he accepted a telephone call from President Tsai Ing-wen. That 10-minute conversation amounted to the first time a president-elect had spoken to a Taiwanese head of state since […]
BOSTON (Reuters) – Daniel Loeb’s hedge fund Third Point LLC took new positions in technology companies including Alibaba (BABA.N) and Amazon (AMZN.O) and reported strong returns in the second quarter after he took back the reins as sole chief investment officer in May. The billionaire investor who founded Third Point a quarter century ago also […]
BOSTON (Reuters) – Daniel Loeb’s hedge fund Third Point LLC took new positions in technology companies including Alibaba (BABA.N) and Amazon (AMZN.O) and reported strong returns in the second quarter after he took back the reins as sole chief investment officer in May. The billionaire investor who founded Third Point a quarter century ago also […]
(Reuters) – U.S. households cut their debt for the first time in six years in the second quarter, led by a record drop in credit card balances as consumers cut back on non-essential spending during coronavirus lockdowns and paid down what they owed, a New York Federal Reserve survey showed on Thursday. The $34 billion […]
JAKARTA – Millions of Indonesia’s micro, small and medium enterprises (MSMEs) are struggling to survive amid the Covid-19 pandemic which has seen 119,000 infections and 5,500 deaths in the country. While many of the businesses are turning to creative ways to keep afloat, such as going online, others are jumping into new ventures while waiting […]
LONDON (Reuters) – The European Union is assessing how much access it will grant Britain’s huge financial sector from January. The following are details on how different areas of finance will be affected. BANKING Foreign banks are not allowed to directly offer loans or deposits to customers in the EU, and must have a branch […]
Five days of torrential downpours in South Korea have left at least 15 people dead and 11 others missing. Five days of torrential downpours in South Korea have left at least 15 people dead and 11 others missing. The stormy weather caused flash floods and mudslides, damaging roads and burying vast tracts of farmland in […]
SINGAPORE – Individual physical proficiency tests (IPPT) for operationally-ready national servicemen (NSmen) continue to be suspended until Sept 30, said the Ministry of Defence in a mobile phone text message sent to NSmen on Wednesday (Aug 5). The suspension of IPPT preparatory training (IPT) and remedial training (RT) has also been similarly extended. However, NSmen […]