Tag Archives: news-cnbc

Here’s why the Trump administration’s threat to hurt Hong Kong’s dollar peg won’t work 

Advisors to President Donald Trump were reportedly considering proposals to strike against the Hong Kong dollar peg, in response to China implementing a national security law on the city.

Read More

Dow futures rise nearly 200 points as investors shake off a continued spike in coronavirus cases 

The S&P 500 is coming off two consecutive weeks of gains, while the resilience in tech shares pushed the Nasdaq to a new record last week.

Read More

Singapore’s ruling party PAP cedes ground to opposition in pandemic election 

The PAP secured 83 out of 93 seats in parliament, while the main opposition Workers’ Party won the other 10 — the most ever held by opposition lawmakers.

Read More

Coronavirus live updates: Record single-day spike in cases; Gottlieb says 1 in 150 Americans are infected 

The coronavirus has infected more than 12.29 million people around the world as of Friday, killing at least 555,486 people.

Read More

Already in financial meltdown, Lebanon endures blackouts of around 20 hours a day 

Lebanon’s electricity shortage has caused the main hospital in Beirut to close operating rooms and delay surgeries.

Read More

China’s jobs problem runs deeper than the coronavirus 

New hiring and management practices could help China boost productivity in the economic uncertainty of the post-coronavirus environment.

Read More

FBI chief slams Chinese cyberattacks on U.S., calls it ‘one of the largest transfers of wealth in human history’ 

Wray’s comments come on the heels of Secretary of State Mike Pompeo’s threat to ban TikTok as well as other Chinese social media apps citing national security concerns.

Read More

Economists warn of UK jobs crisis ahead of crucial budget 

U.K. Chancellor of the Exchequer Rishi Sunak will deliver a fresh set of policy initiatives on Wednesday as Britain looks to spark an economic recovery from the coronavirus pandemic.

Read More

Deutsche Bank hit with $150 million penalty for relationship to sex offender Jeffrey Epstein 

Accused child sex trafficker Jeffrey Epstein was a former friend of Presidents Donald Trump and Bill Clinton, as well as of Prince Andrew.

Read More

Coronavirus updates: Scientists call on WHO to recognize airborne threat; India’s cases surpass Russia’s 

The coronavirus has infected more than 11.47 million people around the world as of Monday, killing at least 534,784 people.

Read More

Think tank explains why it’s ‘pointless’ to delist Chinese companies from U.S. stock markets 

The move will neither deny those firms access to American capital markets nor hurt China’s growth, said Peterson Institute for International Economics.

Read More

Canada suspends its extradition treaty with Hong Kong, eyes immigration boost 

Canada is suspending its extradition treaty with Hong Kong in the wake of new Chinese national security legislation and could boost immigration from the former British colony, top officials said on Friday.

Read More

Hong Kong officials ‘very disappointed’ at Canada’s move to suspend extradition pact 

Senior officials in Hong Kong said on Saturday they were “very disappointed” at Canada’s decision to suspend its extradition treaty with the Chinese-ruled city and again slammed Washington for “interfering” in its affairs.

Read More

How Hong Kong beat coronavirus and avoided lockdown 

Hong Kong is one of the world’s densest cities. Public transit is often packed. There are even direct flights from Wuhan. Yet, the city managed to handle the outbreak with a combination of factors.

Read More

Fitch has downgraded a record number of sovereign ratings due to the coronavirus. It’s not done yet 

Fitch Ratings has downgraded a record 33 sovereign ratings in the first half of this year — more than in any given year in the past.

Read More