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Monday, Jun 01, 2020
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U.S. Government Is Selling Property in Exclusive Hong Kong Area
The U.S. government is selling its property in one of the most exclusive neighborhoods in Hong Kong, a State Department representative said in an email.
Hong Kong finance chief Paul Chan says city has nothing to fear from Donald Trump sanctions over national security law
Experienced in dealing with crises, city will aim to strengthen trade ties with Europe, Japan. ‘Little impact’ from Trump’s measures as exports to US account for only 0.1 per cent of total exports
Microsoft and Google to replace journalists with robots
Microsoft is to replace dozens of contract journalists on its MSN website and use automated systems to select news stories.
Hong Kong justice secretary Teresa Cheng accuses US President Donald Trump of infringing principle of non-intervention, argues it’s ‘false and wrong’ to say city has lost autonomy
She also says Beijing’s proposed national security legislation may not be retrospective in principle, though an expert says it will depend on social circumstances. Security minister John Lee says American business will suffer most should...
Jack Ma at Ye Ma TV
On online trade and the trade war
US-China trade war slashes US$1.7 trillion from American companies’ market caps, Federal Reserve Bank of New York says
Higher tariffs are poised to reduce American firms’ investment growth rate by nearly 2 percentage points. Companies with exposure to China more affected as a slowdown in the Chinese economy reduces the return on investment American compa...
Trump Prepares Order to Limit Social Media Companies’ Protections
The move is almost certain to face a court challenge and signals the latest salvo by President Trump to crack down on online platforms.
HongKosovo: Pompeo officially declares Hong Kong ‘no longer autonomous’
US Secretary of State Mike Pompeo has certified to Congress that Hong Kong no longer merits special treatment under US law. That opens the door for Trump Administration to impose economic sanctions on Hong Kong, the same as done against ...
Two Chinese Tech Firms Prepare Hong Kong Listings as U.S. Pressure Rises
Listings plans by JD.com and NetEase to be reviewed Thursday by Hong Kong’s stock exchange as they prepare to follow Alibaba
TikTok-owner ByteDance said to have hit US$3 billion in net profit last year, showing brisk growth
ByteDance generated more than US$17 billion in revenue and more than US$3 billion in net profit last year, according to people familiar with the matter. The revenue for last year is more than double the company’s tally of about US$7.4 bi...
China’s Baidu finishes building ‘world’s largest’ test ground for autonomous vehicle, smart driving systems
Baidu says it has completed the world’s largest site to test both autonomous driving and vehicle-to-infrastructure communication. The Apollo Park in Beijing is equipped with facilities to support the full autonomous vehicle development p...
SpaceX: Capitalism at its Finest (Mini Documentary)
Singapore warns of worst slump since independence
Singapore's virus-hit economy could shrink by as much as 7 percent this year – the worst reading since independence – the government said on Tuesday, as it unveiled a fresh multi-billion dollar stimulus package.
What's the future for the office?
Before the coronavirus pandemic, the office was where millions of us spent about a third of our time.
Hong Kong buyers forfeit US$1.5 million in deposits, walk away from homes
Nineteen Hong Kong homebuyers who put down deposits for flats at the height of a market rally around June 2018 have walked away from their purchases, forfeiting as much as HK$11.83 million (US$1.53 million) and HK$12.4 million in two ins...
Coronavirus: The World’s 25 Richest Billionaires Have Gained Nearly $255 Billion In Just Two Months
The super rich are a whole lot richer than they were two months ago. Twenty five of the wealthiest people on Forbes’ list of the world’s billionaires are worth a whopping $255 billion more than when the U.S. stock market hit a mid-pandem...
Singapore-flagged containership APL England lost about 40 containers overboard in rough seas
APL England Loses 40 Containers Overboard off the Coast of Australia, about 73 kilometers southeast of Sydney.
U.S.-China trade tensions are a bigger risk to stocks than coronavirus, Invesco's Kristina Hooper warns
Invesco's Kristina Hooper lists a U.S.-China trade war resurgence as the most serious market threat. She sees flaring U.S.-China trade tensions potentially doing the most harm to stocks.
The UK government draws up plan to rescue key firms
The UK government has indicated it is prepared to rescue large British companies severely affected by the coronavirus crisis.
Wanted: Mckinsey but for helping companies undo/reverse whatever Mckinsey recommended over the past thirty years
Geoff Lewis (Bedrock, a technology investment firm) twitted... wanted: Mckinsey but for helping companies undo/reverse whatever Mckinsey recommended over the past thirty years. will fund.
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