CK Asset’s first-half profit falls 26% amid Hong Kong property market challenges

CK Asset’s first-half profit falls 26% amid Hong Kong property market challenges

CK Asset Holdings, one of the flagship companies owned by billionaire Li Ka-shing’s family, reported weaker-than-expected first-half profit amid a challenging housing market in Hong Kong and declining rental income from its commercial properties. Profit attributable to shareholders fell 26.2 per cent to HK$6.3 billion (US$806.4 million) in the six months to June, according to…

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Judge orders RFK Jr.’s health department to stop sharing Medicaid data with deportation officials

WASHINGTON (AP) — A federal judge ordered the nation’s health department to stop giving deportation officials access to the personal information — including home addresses — of all 79 million Medicaid enrollees. The U.S. Department of Health and Human Services first handed over the personal data on millions of Medicaid enrollees in a handful of…

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Trump and Putin meet on Friday. Here’s a look at their history : NPR

Russian President Vladimir Putin and President Trump talk during the Asia-Pacific Economic Cooperation (APEC) leaders’ summit in Danang, Vietnam on Nov. 11, 2017. Mikhail Klimentyev/Sputnik/AFP via Getty Images hide caption toggle caption Mikhail Klimentyev/Sputnik/AFP via Getty Images ANCHORAGE, Alaska — President Trump has made no secret that he wants to be the one to broker…

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PPI report shows biggest surge in three years. Here's what that says about inflation.

PPI report shows biggest surge in three years. Here’s what that says about inflation.

The producer price index, or PPI, surged last month, far outpacing economists’ forecasts and suggesting that President Trump’s tariffs are starting to significantly drive up the cost of imported goods.  Wholesale inflation rose 0.9% in July from the prior month, the Labor Department said Thursday, outstripping economists’ expectations for a 0.2% increase. The jump marks…

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Trump says Putin will not ‘mess around’ at Alaska summit — as it happened

Trump says Putin will not ‘mess around’ at Alaska summit — as it happened

The summit will start at Joint Base Elmendorf-Richardson in Anchorage at around 11.30am local time (8.30pm BST). There will be a one-on-one “conversation” between Trump and Putin, with interpreters present, according to a Russian official. The talks will continue over a working breakfast, which is expected to include five-member delegations from each country accompanied by…

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Tapestry takes an $855 million write down on Kate Spade—and casts serious doubt on its strategy to turn around underperforming brands

Tapestry takes an $855 million write down on Kate Spade—and casts serious doubt on its strategy to turn around underperforming brands

When Tapestry announced two years ago it was buying Michael Kors-owner Capri Holdings in a deal regulators ultimately scuttled, the fashion company argued that the tech and supply chain infrastructure it had built for its Coach brand would allow it to turn around underperforming brands more quickly. It turns out Tapestry can’t even turn around…

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