Author: Zen Soo
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China’s exports and imports beat estimates for first 2 months, signaling improving demand
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China’s exports and imports for the first two months of the year beat estimates, an indication that demand may be improving as Beijing attempts to speed up its economic recovery
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Hong Kong’s Cathay Pacific posts $834 million loss for 2022
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HONG KONG • Cathay Pacific Airways Ltd. said it was ready to rebuild as Hong Kong opened up to global visitors despite reporting wider losses in 2022. The airline reported an annual loss of 6.55 billion Hong Kong dollars ($834.4 million) for the year ending Dec. 31 — an 18.5% increase in losses from 2021…
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Facebook curbs political ads – for 7 days before U.S. election
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SAN FRANCISCO • Bracing for a contentious election with no immediate results and possible “civil unrest,” Facebook is enacting a host of measures to ensure its platform is not used to sow chaos and spread misinformation before, during and after the U.S. presidential election. But it’s not clear the changes are enough. The company said…
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Hong Kong marks Tiananmen anniversary, defying a police ban
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HONG KONG • Thousands of people in Hong Kong defied a police ban Thursday evening, breaking through barricades to hold a candlelight vigil on the 31st anniversary of China’s crushing of a democracy movement centered on Beijing’s Tiananmen Square. With democracy snuffed out in the mainland, the focus has shifted increasingly to semi-autonomous Hong Kong,…
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Hong Kong leader says security law not a threat to freedoms
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HONG KONG • Hong Kong’s leader said Tuesday that national security legislation proposed by China’s legislature will not threaten the semiautonomous territory’s civil rights, despite widespread criticism of the move as an encroachment on freedom of speech and assembly. The city’s chief executive, Carrie Lam, said that there was “no need for us to worry”…