Hundreds of Hong Kongers queued for hours to buy the final edition of Apple Daily on Thursday morning, a day after the pro-democracy newspaper closed following the arrests of senior journalists and the government freezing its assets. The tabloid founded by media mogul Jimmy Lai has long irritated authorities in Hong Kong and Beijing for
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Good morning and welcome to Europe Express. Today’s EU leaders’ summit could be a long one, after France and Germany torpedoed what was meant to be a relatively uneventful meeting with demands to revive talks with Vladimir Putin. EU ambassadors spent the late evening trying to thrash out a way forward after a host of
For those looking for a career in investment banking, it helps to know where investment banks are looking for employees. So where do investment banks recruit? As it happens, the search field for the major investment banks such as Goldman Sachs Group Inc. (GS) is relatively narrow. Roughly 60% to 80% of university graduates are
A Centers for Disease Control and Prevention advisory panel has found a “likely association” between a rare heart inflammation and mRNA Covid-19 vaccines in adolescents, although it said that the benefits of the jabs far outweigh their risks. The health agency is monitoring cases of myocarditis and pericarditis that have been reported after first and
The EU has threatened Hungary’s Viktor Orban with legal action at the European Court of Justice unless he drops LGBT+ legislation the commission has labelled discriminatory. Member states including Belgium, Luxembourg and the Netherlands will lead the charge against the Hungarian prime minister at an EU summit on Thursday over a bill that prohibits gay
Bonds usually can be purchased from a bond broker through full service or discount brokerage channels, similar to the way stocks are purchased from a stockbroker. While the presence of online brokerage services has brought investing costs down, dealing with a bond broker can still be prohibitive to some retail investors. Key Takeaways Most investors
Russia said its forces fired warning shots at a British destroyer off the coast of Crimea on Wednesday, but the UK has denied the claims. The Russian defence ministry said the HMS Defender made a 3km incursion into Black Sea waters that Russia claims near the peninsula, which it annexed from Ukraine in 2014. The
Warren Buffett is leaving the board of the Gates Foundation, casting further uncertainty over the world’s largest private philanthropy organisation after its co-chairs, Bill and Melinda Gates, announced they were divorcing. Buffett, the legendary American investor and chair of Berkshire Hathaway, became a trustee of the foundation, alongside his friends the Gateses, after announcing in
Most people picture a trading floor at a futures exchange as a scene of utter chaos, with fierce shouting matches, frantic hand signals, and high-strung traders jockeying to get their orders executed, which is not too far from the truth. These markets are where buyers and sellers come together to trade an ever-expanding list of
A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021. Kathleen Flynn | Reuters Engine No. 1, the upstart activist firm that put three candidates on Exxon’s board of directors, is launching an exchange-traded fund in a bet that shareholder activism will take center stage in coming years. The Engine
Japan had just declared itself in a state of national pandemic emergency, and Toshiba’s head of communications called an urgent meeting with two senior government officials to discuss a looming crisis. But coronavirus was not the issue. Was it legally possible, asked Masayasu Toyohara on April 11 2020, to “eliminate or control undesirable organisations and
Good morning and welcome to Europe Express. Migration is back on the EU leaders’ agenda — and so are new allegations of abuses at the bloc’s frontier. Greek border forces have repeatedly pushed migrants trying to enter the country back into Turkey, according to an Amnesty International report published today and disputed by Athens. The
The ultra-wealthy, known as ultra-high-net-worth individuals (UHNWIs), make up a group of people who have net worths of at least $30 million. The net worth of these individuals consists of shares in private and public companies, real estate, and personal investments, such as art, airplanes, and cars. When people with lower net worths look at
Crypto investor Mike Novogratz told CNBC on Tuesday that bitcoin faces near-term uncertainty after falling below $30,000, but he maintained a long-term positive outlook. Bitcoin has struggled in the past two months, after notching an all-time high in April near $65,000. The weakness in recent days comes as reports indicated China took further steps to
Electronics groups including Japan’s Canon and Innolux, an affiliate of Apple supplier Foxconn, have been accused of locking up migrant workers in Taiwan as an outbreak of Covid-19 hits the country’s tech industry. The accusations highlight the labour practices used to sustain Taiwan’s position as a technology manufacturing powerhouse. The country is a linchpin of
Argentina has reached a deal to avoid another damaging default by delaying the bulk of a $2.4bn payment due to a group of wealthy countries by the end of July, economy minister Martín Guzmán said on Tuesday. Argentina now has until the end of March to reach an agreement with the so-called Paris Club of
Health Savings vs. Flexible Spending Account: An Overview Health care can be costly even for the heartiest among us. Even if you have insurance through your employer, you might consider taking advantage of one of the federal government programs that encourage saving for medical expenses not covered by insurance. The tax benefits can be substantial. The two
A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters GameStop shares climbed after the videogame retailer said it sold five million additional shares, raising $1.13 billion in capital to accelerate growth. The original Reddit favorite meme stock jumped 9% in premarket trading on Tuesday after the company announced the
Vivendi has won the support of its shareholders to hive off its largest business Universal Music Group into a separate company, which will leave the group controlled by billionaire Vincent Bolloré focused on legacy media in Europe. The vote on Tuesday paves the way for Vivendi to hand out 60 per cent of the world’s
Nintendo video game consoles and Honda-made cars are just two of the consumer products affected by the global shortage of semiconductors. Japanese companies are braced for a year of production disruptions and price rises. For local chipmakers, this is a make-or-break year for an industry already lagging its global peers. Japan must invest at least
When visiting a new destination, it helps to map out the directions. Once you arrive, it’s a good time to make an activity plan. If you’re going to a state park for a hike, you’ll want to determine how to get there and which trail to follow at the park. Similar to an expedition, an
CNBC’s Jim Cramer said Monday he’s offloaded most of his bitcoin holdings, expressing concerns around the recent crackdown on crypto mining by the Chinese government and bitcoin’s role in some ransomware attacks. “Sold almost all of my bitcoin. Don’t need it,” Cramer said on “Squawk on the Street,” more than two months after he first
Leverage Shares has a problem with its newest suite of exchange traded product launches in Europe. Not only are they not leveraged but, as the world’s first physically backed single-stock ETPs, their marketing will have to involve education too. For example, given the name of the provider, investors might be forgiven for thinking they are
After a decade working abroad, chef Nikolas Tsimidakis returned home last year from Dubai hoping that Greece’s eventual recovery from the pandemic and a surge of Mediterranean tourism would land him a good job. Like many others, he was disappointed. As fresh lockdowns delayed Greece’s reopening and the start of the tourist season, Tsimidakis struggled
In an ideal world, you get to work in a palatial, heavenly setting while you pursue your professional dreams of being a chief financial officer (CFO), controller, investment banking executive, or a private equity partner. Saint Peter (better known as human resources) lets you pass through the pearly gates with ease during interviews and you
Just over half of Activision Blizzard shareholders have backed chief executive Bobby Kotick’s $155m pay package, following a delayed vote that critics described as an effort to avoid an embarrassing rebuke. After holding its scheduled annual meeting on June 14, the video game company had adjourned the meeting until Monday to address “misleading” information about
Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. Egdar Su | Reuters MicroStrategy said Monday it owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens. Shares of the Virginia-based enterprise software company were down more than 9% in
US stocks bounced back and government bonds softened on Monday, reversing some of the tumultuous moves last week that followed a Federal Reserve meeting where officials took a more hawkish tone on interest rates and inflation. The S&P 500 closed higher by 1.4 per cent, a resurgence that came after it posted its worst performance
The retail sector encompasses a number of industry categories including automotive, building supply, distributors, general, grocery and food, and online and special lines retail. These have returns on equity (ROE), of 36.28, 0.27, 9.67, 20.64, 30.63, 27.05, and -0.64, respectively. The figures are based on data published by New York University’s Leonard N. Stern School of Business as of January 2021. The average
Japan will limit spectators at the Olympic Games to 50 per cent of a venue’s capacity capped at 10,000 people, a move that flies in the face of the country’s official medical advice. The decision to push ahead with spectators at the games, even though most of the Japanese public will not be vaccinated against