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Thursday, Jul 16, 2020
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U.S. national debt hits $26 trillion, an increase of $2 trillion in 2 months
$26,003,751,512,344.91: US govt had printed and spent 103 Trillion dollars, then taxed back 77T: 26T is missing. Fed sees 0% rates until the year 3045
Quote of the Day
Opportunities don't happen. You create them.
HSBC, Standard Chartered reinstate work-from-home measures as ‘third wave’ of coronavirus hits Hong Kong
Hong Kong’s banks were some of the first globally to return to work during coronavirus pandemic. Banks from BNP Paribas to HSBC are ‘strongly’ encouraging employees to work from...
Chinese bankers in Hong Kong feel the sting of a tripling tax bill as China’s tax authority collects tariffs on citizens’ global income
China’s tax authority last week moved to tax the global income of Chinese citizens worldwide. That leaves Chinese professionals living in Hong Kong facing tax rate of as much as...
Zoom success inspires Tricor’s digital platform for listed companies to conduct AGMs online amid Covid-19
Hong Kong-based Tricor’s platform allows shareholders of listed companies to view the live broadcast of AGMs, participate in voting and submit questions virtually. Companies reg...
Court rules in Apple's favor in RECORD $15bn tax case against EU
The EU’s General Court has sided with Apple over a record €13 billion (almost $15 billion) Irish tax bill, ruling that Ireland’s relaxed taxes did not constitute illegal state aid.
Google Said It Would Invest $10 Billion In India. Nearly Half Of It Is Going To The Country's Richest Man.
On Monday, Google announced that it will invest $10 billion in India over the next few years. Two days later, the company revealed a key detail: Nearly half of the money will go...
America’s Health Crisis Is Becoming a Housing Crisis
The current housing crisis could get messy quickly, but fixing it shouldn’t be complicated, if Congress intervenes. A Lot of Americans Are About to Lose Their Homes.
Foreign visitors to Japan drop 99.9% in June for 3rd straight month
Japan received an estimated 2,600 foreign travellers in June, down 99.9% from a year earlier for the third consecutive monthly decline amid the coronavirus pandemic, government ...
DTEN ME - A new Personal Collaboration Device for Zoom
The 27" DTEN ME is your all-in-one collaboration device built to deliver the ultimate Zoom meeting experience while working from home or in smaller, personal workspaces.
The United States is treating Hong Kong as mainland China. Business is starting to do the same
The relationship between China and the West is rapidly eroding, and that could have serious implications for Hong Kong's status as a global financial hub.
The world’s biggest economies over time
Singapore enters recession for the first time in more than a decade
Singapore entered a recession in the second quarter, when economic activity fell 41.2% from the previous quarter, according to preliminary data released on Tuesday.
UK to purge Huawei from 5G by end of 2027, siding with Trump over China
Prime Minister Boris Johnson ordered Huawei equipment to be purged completely from Britain's 5G network by the end of 2027, risking the ire of China by signalling that the world...
German court rules that Tesla misled consumers on Autopilot and Full Self Driving
Tesla misled consumers on the abilities of its automated driving systems, a Munich court ruled on Tuesday. Tesla Germany is now banned from including “full potential for autonom...
Despite a massive recession, JPMorgan Chase just posted record revenue
JPMorgan has the world's biggest Wall Street bank by revenue, a business that helped it capture opportunities created by the response to the pandemic. Surging volatility and unp...
Biden discusses his 'Build Back Better' economic recovery plan
Former Vice President Joe Biden delivers remarks on the second plank of his “Build Back Better” economic recovery plan for working families, outlining how his plan will "create ...
Expecting Asia-Pacific commercial property prices to drop significantly? Don’t hold your breath
Asia’s commercial real estate market has yet to reflect the deterioration in occupier fundamentals in many countriesใ Although the drop in prices has been negligible, Asian comm...
China’s trade economy roared back to growth in June, as coronavirus lockdowns eased abroad
China’s exports rose by 0.5 per cent in June from a year ago, while imports rose by 2.7 per cent, showing a big recovery in trade. Easing lockdowns overseas helped support a rec...
Ritz hotel and The telegraph owners, brothers who built a £3billion empire are embroiled in a bitter feud amid claims one has been spying on the other with bugs in their landmark hotel
Multi-billionaire Barclay twins Sir David and Sir Frederick are embroiled in feud. Brothers - born in Hammersmith - started as 16-year-old painters and decorators. They are now ...
Singapore Slumps Into Recession With Record 41.2% GDP Plunge
Singapore’s economy plunged into recession last quarter as an extended lockdown shuttered businesses and decimated retail spending.
Huawei’s revenue rises 13.1 per cent in first half of 2020 despite coronavirus pandemic and US ban
Shenzhen-based tech giant Huawei generated 454 billion yuan (US$64.8 billion) in revenue in the first six months of the yearใ This was up from 401.3 billion yuan during the same...
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