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August26
China Coming Right Back at the U.S.
China responded to the most recent Trump administration tariffs by scheduling retaliatory duties on an additional $75 billion a year of American goods, the official Xinhua News Agency reported Friday. Some of the new Chinese tariffs, which will be 5% or 10%, will take effect Sept. 1 and the rest Dec. 15.
Tariff Man Wished he Taxed Harder
The White House has insisted Donald Trump remains committed to the trade war with Beijing after the US president admitted that raising tariffs on Chinese goods had given him “second thoughts”. The White House issued a statement on Sunday morning saying Mr Trump’s only regret was not raising levies higher
UK will Not Pay £39bn Alimony in EU Divorce
Boris Johnson insisted on Sunday the UK would not pay the £39bn divorce bill in full in the event of a no-deal Brexit on October 31, as EU officials said it was “squarely and firmly” up to Britain to find a solution to the vexed issue of the Irish border.
Singapore Selling Positive-Yield Bonds
Singapore is offering a rare opportunity to buy positive-yielding quality bonds in a world that’s rapidly turning negative. The city state, which pays the highest returns among economies that have AAA credit ratings from all three major agencies, will sell reopened July 2029 government debt worth S$2.9 billion ($2.1 billion).
Turbulent Seas in $2.5 Trillion in Energy Spar
When a Chinese state-owned survey vessel sailed into waters off Vietnam’s coast in early July, it unleashed a high-seas standoff with trillions of dollars at stake that risks drawing in Russia and the U.S.
China’s New Mortgage Loan Policy
China’s central bank adjusted interest-rate mechanisms Sunday for the second time this month, this time focused on mortgage loans, in what it said was a bid to price them closer to market rates but also in ways that might avoid further inflating property prices
China’s Companies Growing in Foreign Debt
The foreign debt built up by Chinese companies is about a third bigger than official data show. On top of the $2 trillion in liabilities to foreigners captured in official data, mainland Chinese firms have around another $650 billion in debts built up by subsidiaries overseas. The amount of maturing debt will rise in coming quarters, with $63 billion due in the first half of 2020 alone.
Russia Wakes Up to Climate Change
A double blow of floods and wildfires in Russia urged. President Vladimir Putin to announce that Russia is being hit hard, with temperatures in the country rising 2½ times as fast as the global average. His government recently decided to ratify the 2015 Paris climate agreement and introduced proposals for a law capping industrial emissions.
China’s Commitment to FinTech
China’s central bank published a three-year plan Friday to develop the fintech industry. The plan aims to further boost the application of science and technology in the financial sector, realize the deep integration and coordinated development of technology and finance, and significantly increase the public’s satisfaction with digital financial products and services by 2021.
Lufax’s Plan B
Financial conglomerate Ping An Insurance (Group) Co. of China Ltd. may consider merging Lufax Holding Ltd. into itself if the fintech unicorn fails to achieve a long-held goal of going public, Caixin has learned from multiple sources with knowledge of the matter.
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One Day Without Hong Kong Airport

Hong Kong’s aviation sector is expected to suffer losses of more than US$76.48 million caused by massive flight cancellations due to the recent protests that saw Hong Kong’s airport under siege. MioTech looks into the deep impacts this will have on Hong Kong’s world-renowned aviation hub.

Jiang Gu, Senior Software Engineer in Data Infrastructure

One Day Without Hong Kong Airport

Jiang Gu, Senior Software Engineer in Data Infrastructure

Hong Kong’s aviation sector is expected to suffer losses of more than US$76.48 million caused by massive flight cancellations due to the recent protests that saw Hong Kong’s airport under siege. MioTech looks into the deep impacts this will have on Hong Kong’s world-renowned aviation hub.

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