Editorial | Hong Kong budget must have reform in mind as it restores fiscal health

Editorial | Hong Kong budget must have reform in mind as it restores fiscal health

Tackling a ballooning deficit has become the overriding priority for Financial Secretary Paul Chan Mo-po. However, there is more to public finance than just balancing the books. From curbing public expenditure and boosting revenues to making bold economic reforms and fostering advancement within the national development framework, Chan is facing his toughest challenge yet when…

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Trump administration considering moving U.S. Postal Service under Commerce Department

Trump administration considering moving U.S. Postal Service under Commerce Department

The Trump administration is considering moving the U.S. Postal Service, an independent federal agency, under the Commerce Department, two sources tell CBS News.  The Commerce Department is headed by Howard Lutnick, a billionaire and close Trump ally. The change, should it take place, would occur through an executive action, the sources said. Mr. Trump commented…

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Tech bros back in China's official spotlight as Jack Ma meets Xi

Tech bros back in China’s official spotlight as Jack Ma meets Xi

Alibaba Group’s formerly exiled founder Jack Ma’s appearance at Chinese President Xi Jinping’s recent symposium highlights Beijing’s determination to use innovative technologies to maintain its economic growth. After forcing Alibaba’s Ant Group to scrap its initial public offering in Hong Kong in November 2020, Beijing spent a year and a half tightening regulations in the…

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