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Hongkongers will have to make changes to their transport plans during the visit of a naval fleet led by the Chinese aircraft carrier Shandong from Thursday as certain ferry services will be temporarily suspended, with authorities also implementing restrictions in some flying zones. The Transport Department on Monday evening announced the adjustments, with nine outlying…
Less than 10 days till President Donald Trump’s higher “reciprocal” tariffs kick back in for most of the world, the U.S. looks like it may emerge with just a handful of trade deals. The President shocked the world and roiled markets on April 2, which he dubbed “Liberation Day,” when he imposed tariffs of as…
Just hours after Warner Music announced a $1.2 billion joint venture with Bain Capital to invest in music catalogs, the company also announced what it says is the final stage of its months-long restructuring, which will eliminate an unspecified number of jobs that will number in the hundreds and total $170 million, out of around…
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank has held off on lowering interest rates this year because of President Trump’s tariffs. Speaking at a gathering of central bankers in Portugal, Powell said “I think that’s right” in response to a moderator’s question about whether the Fed would have cut its…
Published in 1592, “Journey to the West” is the most famous novel in Chinese literature. Better known as “The Monkey King” outside of China, it is also one of the country’s most successful cultural exports. It tells the story of a pilgrimage undertaken by a monk and his three disciples—a monkey, a pig and a…
Republican Sen. Lisa Murkowski stared down NBC News’ Chief Capitol Hill Correspondent Ryan Nobles on Tuesday after he questioned her about her involvement in the Senate’s approval of the GOP-led “One Big, Beautiful Bill.” “Sen. [Rand] Paul said that your vote was a bailout for Alaska at the expense of the country,” Nobles told Murkowski…
The Senate bill containing President Trump’s domestic policy agenda at the last minute eliminated a new excise tax that would have hammered the renewable energy industry, a move that likely ensured Republican Sen. Lisa Murkowski of Alaska would back the measure. The excise tax would have been imposed on wind and solar energy projects constructed…
Hong Kong police are investigating a burglary in which luxury goods and cash worth about HK$2.14 million (US$272,610) in total, including 10 Rolex, Cartier and Patek Philippe watches, were stolen from a flat in Tuen Mun. Police said that they received a report at around 1.30am on Tuesday from a man, 28, who discovered the…
Getting out of China was probably the right move for firms against the specter of a 145 percent tariff rate, but the added costs will mean lower full-year profits. Most shoe firms pulled their guidance for the year when they posted first quarter earnings results. That was primarily due to uncertainty over tariffs and some…
DETROIT (AP) — State and federal authorities are investigating an online company that pledges to help people find their eternal love, Michigan’s attorney general said Tuesday. Search warrants were executed at two homes in northern Michigan’s Leelanau County where Twin Flames Universe is based, Attorney General Dana Nessel said. Twin Flames, which is operated by…