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Posted on May 18, 2020

Lawmakers Consider Tax Breaks and Subsidies to Push American Companies Out of China

United States lawmakers are mulling proposals that could push American companies to move their supply chains out of China. According to Reuters, which conducted interviews with a dozen current and …

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Posted on May 18, 2020

China’s Huawei Hits Out at U.S. ‘Stranglehold’ as Chip Maker TSMC Reportedly Cuts Ties

“The U.S. is leveraging technological strengths to crush companies outside its own borders. This will only serve to undermine the trust international companies place in US technology,” Huawei said.

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Posted on May 18, 2020

US lawmakers and officials are crafting proposals to push American companies to move their operations out of China

The effort to diversify supply chains has received bipartisan support as Republicans and Democrats try to decrease US reliance on China-made products.

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Posted on May 18, 2020

Global banks in Hong Kong shorten annual internship programmes, go virtual as coronavirus pandemic upends office life

Each June, the next generation of investment bankers, research analysts and fund managers from across the world flock to Hong Kong for on-the-job training that could lead to highly lucrative roles at …

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Posted on May 18, 2020

Hong Kong Gyms Have New Covid-19 Rules

Is this the new normal? Hong Kong gyms have reopened with new Covid-19 social distancing and safety measures like glass partitions. More here: (Source: QuickTake) …

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Posted on May 18, 2020

Hong Kong’s GDP may contract by 5.5% in 2020: Capital Economics

Hong Kong’s GDP is forecast to contract by 5.5% this year in the wake of its anti-government protests and the coronavirus outbreak, says Martin Rasmussen of Capital Economics. However, he says that …

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Posted on May 18, 2020

US tells China not to interfere with its journalists in Hong Kong

The US on Sunday warned China against interfering with American journalists working in Hong Kong, in an escalating row between the two countries over press freedom and other issues. The two sides have …

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Posted on May 18, 2020

Brunei to allow popular night market open for business with safety measures

With the lifting of some restrictions announced by the government, some restaurants, cafes, food courts and food stalls across the country began their operations while imposing social distancing in …

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Posted on May 18, 2020

Taiwan Semi Has Not Received Any Assurance On US License For Huawei Tech Sale

Keith Krach, the US State Department undersecretary, stated that Taiwan Semiconductor (TSM) has not yet been given any assurances that it will receive a license to sell US technology to Huawei, the …

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Posted on May 18, 2020

Trip of a lifetime with no end in sight — life on small boats stuck at sea

Around 10,000 small boats, sailed by families, couples and individuals, ply the oceans each year. But in 2020, they’re stuck at sea because of the Covid-19 pandemic. Find out how they’re coping while …

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