Hong Kong
Malaysia’s 1MDB files legal claim against Amicorp Group seeking over $1 billion for alleged fraud
Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. Olivia Harris | Reuters Scandal-hit Malaysian state fund 1Malaysia Development Berhad said Monday it has filed a legal claim of more than $1 billion against corporate services provider Amicorp Group and its CEO, alleging the […]
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Hong Kong jails 45 democracy activists in landmark national security trial
Police stand guard outside the West Kowloon Magistrates’ Courts building before the sentencing against the 45 convicted pro-democracy activists charged under the national security law, in Hong Kong, China November 19, 2024. Tyrone Siu | Reuters Hong Kong’s High Court on Tuesday jailed 45 pro-democracy activists for up to 10 years following a landmark national security trial that has damaged the city’s once feisty democracy movement and […]
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Global ETFs slide as investors see Trump tariff policies hurting trade
A balcony above a trading floor inside the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. Nathan Laine | Bloomberg | Getty Images U.S.-listed funds tracking global stocks largely pulled back in Wednesday’s session as investors considered Donald Trump’s victory harmful to international equities. Closely followed exchange-traded funds from iShares tracking […]
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Cathay Pacific bans couple after video showed inflight dispute over reclined seat
A couple, who argued with a passenger who reclined her seat, won’t be flying with Cathay Pacific ever again. The Hong Kong-based airline banned the pair after video footage emerged showing the couple taunting, using vulgar hand gestures, and jostling the chair of a female passenger who reclined her seat on a 14-hour flight from […]
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‘Golden era’ for Hong Kong retail is over as Chinese tourists continue to tighten their purse strings
Tourists from mainland cities enter a Louis Vuitton store at Tsim Sha Tsui on June 5, 2024 in Hong Kong. China News Service | China News Service | Getty Images Hong Kong’s retail sector has languished since the pandemic and analysts say it could be years before it bounces back. The city’s retail sales have […]
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Europe’s AI-powered Google Translate rival DeepL launches traditional Chinese language in Asia push
DeepL CEO Jaroslaw “Jarek” Kutylowski. DeepL German artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia. DeepL, one of Europe’s high-profile AI companies valued at $2 billion, sells translation software aimed at businesses rather than everyday consumers. Traditional Chinese is a […]
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Millionaires are leaving Hong Kong, but its artwork scene is booming
The subsequent is a transcript of the online video. Narration: House to a host of monetary institutions, Hong Kong is one of the world’s wealthiest metropolitan areas. Nevertheless, above the past 10 years, the selection of millionaires in this article has fallen by 4%. Inspite of this, 1 sector in this ‘special administrative region’ is […]
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Man caught attempting to smuggle 104 live snakes in his pants at China border
Image of Chinese customs officers holding bags of snakes seized at the Futian Port shared on July 9, 2024 Source: General Administration of Customs of the People’s Republic of China A man attempting to smuggle 104 live snakes in his pants was caught at a Chinese border this week, according to the country’s customs authority. […]
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China’s Ping An eyes up to $5 billion convertible bond sale, Reuters reports
Ping An Insurance, also known as Ping An of China, logo seen on a skyscraper in Shanghai. A Chinese holding conglomerate. (Photo by Alex Tai/SOPA Images/LightRocket via Getty Images) Alex Tai | SOPA Images | LightRocket via Getty Images China’s Ping An Insurance is considering convertible bond sale worth up to $5 billion, according to two sources with direct knowledge of the matter. The bond sale […]
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CNBC Day by day Open up: French left-wing shock victory, Boeing responsible plea
Traders get the job done on the ground of the New York Stock Exchange, June 14, 2023. Spencer Platt | Getty Images This report is from today’s CNBC Everyday Open, our intercontinental markets e-newsletter. CNBC Daily Open delivers traders up to pace on all the things they will need to know, no subject the place […]
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