Business News - The Last 24 Hours

Hong Kong media tycoon Jimmy Lai arrested under security law
CNBC - 48 min 13 sec ago
Hong Kong police arrested media tycoon Jimmy Lai and raided the publisher's headquarters Monday in the highest-profile use yet of the new national security law Beijing imposed on the city in June.
RELATED:
CNN - Hong Kong pro-democracy media tycoon Jimmy Lai arrested under new national security law - 1 hour 54 min ago
SCMP - Group of recovered drug addicts-turned-life mentors nominated for Spirit of Hong Kong Awards - 3 hours 6 min ago
Deutsche Welle - Hong Kong media mogul Jimmy Lai arrested - 3 hours 47 min ago
NDTV - Hong Kong Pro-Democracy Media Mogul Jimmy Lai Arrested Under Security Law - 3 hours 50 min ago
Bloomberg - U.S., U.K., Canada, Others Express ‘Deep Concern’ Over Hong Kong - Yahoo Canada Finance - 14 hours ago
COMMENTARY:
BusinessInsider - Hong Kong police arrest media tycoon Jimmy Lai under national security law - 1 hour 1 min ago
Indiatimes - Hong Kong media tycoon Jimmy Lai arrested under security law for collusion with foreign powers - 1 hour 6 min ago
Russia Today - ‘Collusion with foreign powers’: Billionaire Hong Kong protest-backer Jimmy Lai detained, his Apple Daily offices searched - 1 hour 26 min ago
Sydney Morning Herald - Hong Kong police raid major news organisation, arrest billionaire owner - 1 hour 59 min ago
Financial Post - Hong Kong Media Tycoon Arrested in Latest Blow to Democracy Camp - 3 hours 9 min ago
Toronto Star - Hong Kong media tycoon Jimmy Lai arrested under security law - 3 hours 12 min ago
Wall Street Journal - Hong Kong Publisher Jimmy Lai Arrested - 3 hours 42 min ago



Trump's big power move leaves workers in limbo
CNN - 1 hour 6 min ago
President Donald Trump's big executive power move ostensibly meant to support laid-off workers and stimulate the economy is already mired in confusion that threatens to leave millions of jobless Americans waiting in vain for help from Washington.
RELATED:
Bloomberg - Trump Widens China Tech Attack - Bloomberg - 2 hours 4 min ago
CNBC - Pelosi slams Trump's executive actions on coronavirus relief: 'Absurdly unconstitutional' - 4 hours 43 min ago
CNN - Trump declares war on Social Security, Medicare - 10 hours 34 min ago
SCMP - Donald Trump urges Lebanese government to hold ‘full and transparent investigation’ into deadly blast - 12 hours 27 min ago
NDTV - Trump Urges Lebanon To Hold "Full, Transparent Investigation" Into Blast - 12 hours 29 min ago
Associated Press - Trump signs measures to boost economic aid but could face challenges - CBS News - 17 hours 15 min ago
COMMENTARY:
Sydney Morning Herald - Trump wants his face carved on Mount Rushmore: source - 48 min 55 sec ago
New York Times - Will Trump's Executive Directives Provide Relief? - 3 hours 44 min ago
ZeroHedge - Mnuchin 'Willing To Listen' On Stimulus As Pelosi Calls Trump Executive Orders 'Unconstitutional Slop' - 7 hours 27 min ago
Toronto Star - NY governor calls Trump benefits executive order ‘laughable’ - 7 hours 56 min ago
BusinessInsider - White House aide Peter Navarro said the 'Lord and Founding Fathers created executive orders' so Trump can push orders over 'partisan bickering' - 8 hours 58 min ago
The Independent - Trump's top economic adviser seems to be confused about new executive orders in cringeworthy interview - 13 hours 5 min ago
Washington Post - Here’s what is actually in Trump’s four executive orders - 14 hours 50 min ago
The Guardian - Big oil remembers 'friend' Trump with millions in campaign funds - 20 hours 6 min ago



Twitter 'looking' at a possible TikTok tie-up
BBC - 1 hour 6 min ago
The messaging platform has approached under-fire TikTok about a possible deal, according to sources.
RELATED:
NDTV - Iran's Supreme Leader Creates Official Hindi Twitter Account - 12 hours 39 min ago
COMMENTARY:
Indiatimes - Twitter, TikTok in talks for possible merger: Report - 9 hours 36 min ago
Washington Post - Can Twitter Build Something Worth Paying For? - 12 hours 27 min ago



The latest on the coronavirus pandemic
CNN - 1 hour 6 min ago
The coronavirus pandemic has brought countries to a standstill. In many places, as countries reopen, Covid-19 cases are on the rise. Follow here for the latest.
RELATED:
CNN - August 9 coronavirus news - 1 hour 7 min ago
Deutsche Welle - Coronavirus digest: Australia sees record daily death toll - 1 hour 21 min ago
CNBC - With coronavirus aid bill stalled, White House adviser Navarro questions Democrats' good will - 4 hours 40 min ago
Bloomberg - Australia Reports 17 Coronavirus Fatalities in Deadliest Day - Bloomberg - FXStreet - 7 hours 41 min ago
Associated Press - Israeli jeweler makes $1.5m gold coronavirus mask - The Associated Press - 9 hours 30 min ago
BBC - Coronavirus: Pret a Manger to cut staff hours - 13 hours 37 min ago
SCMP - Coronavirus: average incubation period may be longer than first thought, research shows - 16 hours 6 min ago
COMMENTARY:
ZeroHedge - California Will Soon Be Paying $1,250 To People Who Test Positive For Coronavirus - 1 hour 52 min ago
Financial Post - Fed’s Evans says another coronavirus aid package ‘incredibly important’-interview - 5 hours 28 min ago
The Independent - Coronavirus: Face masks reduce severity of symptoms in wearer, scientists find - 7 hours 2 min ago
Toronto Star - Israeli jeweler makes $1.5m gold coronavirus mask - 8 hours 40 min ago
Indiatimes - New Zealand marks 100 days of coronavirus elimination - 9 hours 36 min ago
BusinessInsider - Silicon Valley's open offices are probably over, thanks to the coronavirus — but they were always bad for employees anyway - 17 hours 10 min ago



Decision time: who will Joe Biden pick as his VP?
SCMP - 2 hours 17 min ago
The week Joe Biden will announce his running mate has finally arrived.Senator Kamala Harris and Susan Rice, former national security adviser to President Barack Obama, have emerged as the top contenders. Either one would make history as the first black woman to be a running mate.Biden, who has made it clear earlier he’ll choose a woman as his running mate, was also considering Congresswoman Karen Bass of California, Senator Elizabeth Warren of Massachusetts, Congresswoman Val Demings of Florid ...
RELATED:
CNN - Joe Biden just destroyed one of Trump's biggest attack lines - 6 hours 8 min ago
Bloomberg - Biden Leads in Battlegrounds Wisconsin, Pennsylvania: CBS Poll - Bloomberg - 13 hours 42 min ago
COMMENTARY:
The Straits Times - Preparing for a Trump or Biden presidency - 8 hours 7 min ago
Sydney Morning Herald - Joe Biden's VP pick: Why race matters in this year's contest - 20 hours 7 min ago



Beirut Police Fire Tear Gas At Protesters Pelting Stones Near Parliament
NDTV - 2 hours 24 min ago
Lebanese police fired tear gas to try to disperse rock-throwing protesters blocking a road near parliament in Beirut on Sunday in a second day of anti-government demonstrations triggered by last...
RELATED:
SCMP - Protesters clash with police in Belarus capital after ‘rigged’ vote - 7 hours 13 min ago
Deutsche Welle - Lebanon: Beirut protesters and police clash for second day - 11 hours 58 min ago
CNBC - Lebanese call for an uprising after protests rock Beirut - 15 hours 19 min ago
COMMENTARY:
BusinessInsider - Belarus erupts in protest after opposition alleges rigged election - 2 hours 37 min ago
Russia Today - Police truck rolls through crowd & ‘hits protester’ who jumped on its hood in Belarus (DISTURBING VIDEOS) - 4 hours 7 min ago
Sydney Morning Herald - Belarus president claims big election victory as protests erupt - 6 hours 32 min ago
Vox - Protesters across Thailand call for new elections following the arrest of pro-democracy activists - 7 hours 52 min ago
Toronto Star - Police: 12 protesters in Louisville arrested, charged - 12 hours 2 min ago
Wall Street Journal - As Beirut Reels From Explosion and Protests, Countries Meet to Plan Aid - 17 hours 54 min ago



Aramco Still Aims for $15 Billion Investment in India's Reliance - BNN
Bloomberg - 2 hours 28 min ago
Aramco Still Aims for $15 Billion Investment in India's Reliance  BNN
RELATED:
NDTV - Indian-Americans Protest China's Aggression; Treatment Of Uyghurs - 2 hours 41 min ago
Bloomberg - India Faces Lost Generation as Virus Pushes Children to Work - Bloomberg - 8 hours 7 min ago
Associated Press - 10 killed in fire at Vijayawada hotel being used as Covid facility - Times of India - 15 hours 53 min ago
Deutsche Welle - India to ban imports on over 100 items of military equipment - 19 hours 3 min ago
COMMENTARY:
Indiatimes - India's coronavirus mortality rate may retreat below key threshold. Here's what it means - 1 hour 6 min ago
Financial Post - India data-curb plan ‘anathema’, U.S. tech giants plan pushback - 14 hours 19 min ago
The Hindu - Indian Railways committed to integrate with GeM portal: Piyush Goyal - 17 hours 2 min ago



China inflation rose 2.7 per cent in July, driven by higher food costs
SCMP - 3 hours 26 min ago
China’s inflation rate rose 2.7 per cent in July, up from the 2.5 per cent gain in June, data released on Monday showed.The rising consumer price index (CPI) was slightly worse than the inflation rate of 2.6 per cent expected by analysts.Pressure on China’s manufacturing sector following the impact of the coronavirus pandemic, meanwhile, eased slightly in July as the producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, fell 2.4 per cent year ...



Trump says he's open to allowing unemployed to get enhanced benefits without states paying part of the cost
CNN - 4 hours 18 min ago
President Donald Trump opened the door on Sunday to allowing some unemployed Americans to get enhanced unemployment benefits even if the states in which they live won't pay part of the costs.
COMMENTARY:
Toronto Star - States on hook for billions under Trump’s unemployment plan - 9 hours 2 min ago
BusinessInsider - Kudlow said he 'spoke out of turn' when saying unemployment benefits can only be extended by Congress - 12 hours 36 min ago
Washington Post - For many unemployed Americans, the only real certainty is uncertainty - 15 hours 14 min ago



Hong Kong national security law: media mogul Jimmy Lai arrested on suspicion of collusion, fraud
SCMP - 4 hours 36 min ago
Hong Kong media mogul Jimmy Lai Chee-ying was arrested early on Monday on suspicion of breaching the city’s new national security law, the Post has learned.Sources said Lai was detained by officers from the new police unit enforcing the security legislation at his residence in Kadoorie Avenue, Ho Man Tin shortly after daybreak.“He was arrested for collusion with a foreign country, uttering seditious words and conspiracy to defraud,” one source told the Post about the founder of the tabloid ...
RELATED:
SCMP - Hong Kong elections: debate over proposal to allow voting in mainland China, with critics raising fears of fraud, lack of scrutiny - 23 hours 6 min ago



As coronavirus batters Singapore’s economy, lost jobs loom as long-term headache
SCMP - 5 hours 6 min ago
Philip Leong gets out of bed at 3am every morning to open his food stall in Singapore’s Jurong district. He stands for hours over a sizzling wok, whipping up more than 100 plates of fried vegetarian bee hoon, or vermicelli. The 68-year-old has been doing this back-breaking work for nearly two decades, yet his life as a hawker was not borne of a particular passion for cooking but rather sheer necessity. In 2002, Leong lost his job as a senior engineering assistant at Singapore Technologies…
COMMENTARY:
The Guardian - One in three UK firms expect to cut jobs by autumn, poll finds - 6 hours 5 min ago



Coronavirus: hopes high for a Covid-19 vaccine in early 2021, but that’s only the start of the story, experts say
SCMP - 5 hours 6 min ago
With six Covid-19 vaccine candidates undergoing final clinical trials, initial data about whether they can protect people from the disease is expected to be available in the next two to three months, assuming all goes well.That gives hope to the possibility that a vaccine could hit the market by early next year.A possible concern is that most of the candidates, although using different technologies, have adopted a similar immunology strategy to express the spike protein of SARS-CoV-2 in the…
RELATED:
CNN - Ninth staff member dies of Covid-19 at California Department of Corrections - 7 hours 41 min ago
Associated Press - Fire kills 7 coronavirus patients in India COVID-19 facility - Associated Press - 22 hours 54 min ago
COMMENTARY:
BusinessInsider - Ohio Gov. Mike DeWine entered a pact to buy thousands of COVID-19 antigen tests. After a false positive, he's more skeptical. - 3 hours 49 min ago
Sydney Morning Herald - Return of raves: COVID-19 brings back illegal dance parties - 3 hours 57 min ago
ZeroHedge - 6 Questions An Honest, Intelligent Reporter Would Ask Dr. Fauci About COVID-19 - 4 hours 57 min ago
The Guardian - Battered travel industry urges UK to rethink Covid-19 quarantine policy - 10 hours 30 min ago
Indiatimes - Karnataka Health Minister B Sriramulu tests COVID-19 positive - 10 hours 36 min ago
Wall Street Journal - Brazil Faces Somber Covid-19 Milestone at 100,000 Deaths - 11 hours 43 min ago
Euronews - More than 100,000 people have died of COVID-19 in Brazil - 15 hours 55 min ago
Toronto Star - Ohio governor’s conflicting COVID-19 tests raise backlash - 16 hours 14 min ago
New York Times - This Company Boasted to Trump About Its Covid-19 Vaccine. Experts Are Skeptical. - 18 hours 6 min ago



Amid travel standstill, newcomer Greater Bay Airlines seeks Hong Kong approval to take off
SCMP - 5 hours 6 min ago
A new mainland China-backed carrier has applied to Hong Kong’s civil aviation authority to become the city’s fifth passenger airline, in an attempt to loosen the Cathay Pacific Group’s dominance.Greater Bay Airlines is a rare newcomer in the midst of the Covid-19 pandemic which has brought international air travel to a standstill, crippling the aviation industry across the world.The Civil Aviation Department confirmed that Greater Bay Airlines Company Limited’s application for an air ope ...
COMMENTARY:
BusinessInsider - Major US airlines have created a 'no fly list' for travelers who refuse to wear face coverings during the pandemic - 6 hours 18 min ago
Indiatimes - Kozhikode crash: Airlines staff gather at Delhi airport to pay respect to deceased co-pilot - 22 hours 6 min ago



U.S. Sanctions Hong Kong Chief Lam Over Crackdown - Bloomberg
Bloomberg - 5 hours 52 min ago
U.S. Sanctions Hong Kong Chief Lam Over Crackdown  Bloomberg
RELATED:
SCMP - National security law: Hong Kong’s financial institutions gripped by anxiety over United States sanctions - 14 hours 14 min ago
COMMENTARY:
Financial Post - HK’s Analogue says does not see U.S. sanctions impacting firm - 15 hours 55 min ago



China remains a 'bright spark,' says major real estate developer CapitaLand
CNBC - 5 hours 58 min ago
There are "very encouraging signs" in CapitaLand's residential business and retail operations in China, said Andrew Lim, the company's group chief financial officer.
RELATED:
FOX Business - Industrial real estate demand surges amid pandemic e-commerce boom - 14 hours 5 min ago
Bloomberg - Beirut’s Bourse to Resume Trade With Real-Estate Stock in Focus - Yahoo Canada Finance - 15 hours 51 min ago
COMMENTARY:
Financial Post - Wall St Week Ahead-Bargain-hunters look to U.S. real estate stocks as S&P nears records - 16 hours 5 min ago



Life after coronavirus lockdown in Nigeria’s Chinatown
SCMP - 7 hours 6 min ago
Nigerian and Chinese flags flutter in the morning breeze atop of the rampart of Chinatown in the city of Lagos. It’s a tall wall, modelled after the medieval Great Wall of China, painted red and fortified by bricks.Its gate is half open, with three security officers with handheld thermometers checking temperatures of traders and customers coming in. Beside the gate, a water bucket, a bottle of hand sanitiser and liquid soap serve for routine handwashing while a few Chinese mingle in a terrace ...
COMMENTARY:
ZeroHedge - Bitcoin-Hating Fed President Urges "Stricter Lockdown" To "Save Lives & Save The Economy" - 4 hours 7 min ago
Indiatimes - Noteban, 'faulty' implementation of GST, lockdown 'destroyed' India's economic structure: Rahul - 11 hours 36 min ago
BusinessInsider - New Zealand has now gone 100 days with no new local COVID-19 cases — and it hasn't been on lockdown since June - 13 hours 46 min ago
Euronews - Ireland orders multiple local lockdowns to stem 'merciless and unrelentless' coronavirus - 17 hours 51 min ago
Financial Post - Aramco CEO sees oil demand picking up as lockdowns ease - 19 hours 39 min ago



Israeli jeweller claims to be working on ‘world’s most expensive’ coronavirus mask for Chinese buyer in the US
SCMP - 7 hours 44 min ago
An Israeli jewellery company is working on what it says will be the world’s most expensive coronavirus mask, a gold, diamond-encrusted face covering with a price tag of $1.5 million.The 18-karat white gold mask will be decorated with 3,600 white and black diamonds and fitted with top-rated N99 filters at the request of the buyer, said designer Isaac Levy.Levy, owner of the Yvel company, said the buyer had two other demands: that it be completed by the end of the year, and that it would be the ...
RELATED:
SCMP - Chinese tourists start to return to Wuhan’s attractions as city tries to get back on its feet after coronavirus - 18 hours 6 min ago
COMMENTARY:
Financial Post - China’s factory deflation slows in July as recovery gains strength - 1 hour 40 min ago
The Straits Times - China's once-booming mask makers struggle after price drop - 18 hours 9 min ago



Amazon reportedly discussing using former J.C. Penney and Sears stores as fulfillment centers
CNBC - 10 hours 32 min ago
The Sears and J.C. Penney locations could give Amazon more fulfillment center space, closer to customers, where delivery drivers could come unload and pick up packages.
RELATED:
FOX Business - Amazon and mall operator look at turning Sears, JC Penney stores into fulfillment centers - 11 hours 7 min ago
COMMENTARY:
Financial Post - Simon Property, Amazon look at turning mall space into fulfillment centers -WSJ - 6 hours 30 min ago
BusinessInsider - Amazon reportedly wants to take over JCPenney and Sears stores to turn malls into giant fulfillment centers - 10 hours 4 min ago



Tata Consumer’s shares re-rate after Jun qtr; valuations match Britannia’s - Livemint
Bloomberg - 12 hours 48 min ago
Tata Consumer’s shares re-rate after Jun qtr; valuations match Britannia’s  Livemint
COMMENTARY:
Financial Post - China July Consumer Inflation Picks Up Amid Flood Disruption - 2 hours 51 min ago
ZeroHedge - No Payment, No Problem: Bizarre New World Of Consumer Debt - 11 hours 37 min ago



US Crosses 5-Million Coronavirus Cases: Report
NDTV - 13 hours 42 min ago
The United States has registered over five million cases in the coronavirus pandemic, Johns Hopkins University's real-time tally showed Sunday, as well as over 162,000 deaths as the country struggles...
RELATED:
SCMP - US sets record as coronavirus cases top 5 million - 15 hours 1 min ago
Associated Press - US tops 5 million confirmed virus cases, to Europe's alarm - The Associated Press - 22 hours 30 min ago
COMMENTARY:
Sydney Morning Herald - 'Broken America': Grim US coronavirus milestone leaves Europe aghast - 11 hours 54 min ago
Indiatimes - US hits five million coronavirus pandemic cases: Johns Hopkins tally - 13 hours 36 min ago
Toronto Star - US response to the virus is met with incredulity abroad - 22 hours 32 min ago



Three Risks Weighing on Emerging Markets All Start With T - BloombergQuint
Bloomberg - 14 hours 18 min ago
Three Risks Weighing on Emerging Markets All Start With T  BloombergQuint



Netflix should buy TikTok if Microsoft can't close a deal
CNBC - 15 hours 38 min ago
Why Netflix should try to buy TikTok, especially it can buy its global operations, if Microsoft can't close a deal with the U.S. government.



Housing market skirts coronavirus crisis as sellers use 3D virtual tours to find eager buyers
CNBC - 16 hours 6 min ago
Even with widespread economic shutdowns, Zillow and Redfin are trading at record highs and Matterport is seeing surging growth as technology powers home sales.



Wall Street's top analysts are betting on stocks like GoDaddy and Carvana to beat the market
CNBC - 16 hours 9 min ago
CNBC used TipRanks analyst ranking service to pinpoint Wall Street's best-performing stocks, like GoDaddy and Carvana.
COMMENTARY:
New York Times - The Wallets of Wall Street Are With Joe Biden, if Not the Hearts - 20 hours 6 min ago



Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price
CNBC - 21 hours 48 min ago
The financial results for the second quarter reflect the biggest shock to global energy markets in decades.
COMMENTARY:
Financial Post - Oil prices rise 1% on Saudi Aramco’s upbeat demand view, Iraq output cut - 1 hour 26 min ago



Coronavirus: African nations battle corruption, profiteering linked to PPE, test kits
SCMP - 22 hours 6 min ago
African companies and individuals have been accused of profiteering during the Covid-19 pandemic, as reports emerge that health workers are being infected with the coronavirus because of a lack of suitable protective gear.African countries have received billions of dollars in fresh loans from the World Bank, the International Monetary Fund and other nations, including China. They have also sought debt relief from the Group of 20 to help them weather the storm.But allegations of corruption are…



Saudi Arabia Turns Off America’s Oil Taps Again - Yahoo Finance
Bloomberg - 22 hours 58 min ago
Saudi Arabia Turns Off America’s Oil Taps Again  Yahoo Finance
COMMENTARY:
Financial Post - Oil Rallies in Asia as Saudi Aramco Sees Recovery in Demand - 6 hours 1 min ago
ZeroHedge - Saudi Aramco Keeps Dividend Despite Profit In Freefall - 14 hours 32 min ago
The Guardian - Saudi Aramco to keep $75bn dividend despite dive in profits - 19 hours 11 min ago
The Straits Times - Oil giant Saudi Aramco sticks with dividend even as profit crashes 73% - 20 hours 53 min ago
Washington Post - Saudi Arabia Turns Off America’s Oil Taps Again - 22 hours 27 min ago



Plastic pollution plagues Southeast Asia amid Covid-19 lockdowns
SCMP - 23 hours 6 min ago
Adam Reza is among those for whom environmental awareness took a back seat to health concerns during Malaysia’s national lockdown earlier this year to curb the spread of Covid-19. Despite making a conscious effort to be mindful, he estimates his use of plastics increased by up to 80 per cent as people were confined indoors for more than 90 days as the pandemic raged.“I’m not exactly a green conscious guy, but before the lockdown I did make a conscious effort to be mindful,” said manageme ...