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Taiwan accuses Chinese officials of beating up diplomat in Fiji

Taiwan has accused two Chinese officials of beating one of its diplomats in Fiji, after hosting a reception for his national day and harassing international guests. This incident is the most extreme example to date of the so-called wolf warrior style diplomacy, a term used to describe the use of bullying in place of conventional… Continue reading Taiwan accuses Chinese officials of beating up diplomat in Fiji

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Crown Resorts faces Australia money laundering probe

Shares of Crown Resorts fell 10% after the Australian casino operator said it was under investigation by the country’s financial crimes regulator for potential violations of anti-corruption rules. money laundering and terrorist financing. Crown said Austrac identified concerns during a September 2019 compliance assessment at its Melbourne casino, which focused on its handling of customers… Continue reading Crown Resorts faces Australia money laundering probe

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Cogeco owner rebuffs $8.4bn bid from Altice USA

The family that controls Canadian telecommunications company Cogeco on Sunday evening rejected a hostile $ 8.4 billion (C $ 11.1 billion) bid from Patrick Drahi’s US cable operation, Altice USA. Louis Audet, the executive chairman of Cogeco, said his family was not interested in selling his shares. “The members of the Audet family unanimously reject… Continue reading Cogeco owner rebuffs $8.4bn bid from Altice USA

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Chinese economy expands 4.9% in third quarter

China’s economy grew 4.9% year-over-year in the third quarter, as the country continues its rapid recovery from the coronavirus pandemic. The expansion in gross domestic product fell short of expectations, but it is still well ahead of a 3.2 percent increase in the second quarter and represents a sharp turnaround from a historic decline earlier… Continue reading Chinese economy expands 4.9% in third quarter

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Ant faces challenge in reviving global expansion

Almost four years ago, Eric Jing, then CEO of Ant Group, made globalization a fundamental mission, moving to Davos to define a vision of building a global customer base of 2 billion people in a decade. . Since then, the fintech arm of Jack Ma’s Chinese internet giant, Alibaba, has struggled to achieve its international… Continue reading Ant faces challenge in reviving global expansion

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Democrats set 48-hour deadline for US stimulus talks

Nancy Pelosi said a stimulus package must be agreed within the next 48 hours if it is to pass before the election, as the Democratic Speaker of the House of Representatives increased pressure on senior Republicans over help with coronaviruses. Ms Pelosi will meet with Treasury Secretary Steven Mnuchin on Monday as the two seek… Continue reading Democrats set 48-hour deadline for US stimulus talks

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Europe’s second wave raises threat of double-dip recession

The European economy is sliding into a double-dip recession, with economists warning that rising coronavirus infections and new government restrictions on the movement of people are likely to halt the region’s recent recovery. Germany, France, UK, Italy, Spain and the Netherlands all announced measurements over the past week to contain the second wave of Covid-19… Continue reading Europe’s second wave raises threat of double-dip recession

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Chile braces for unrest ahead of poll on constitution

Shopkeepers have closed their windows and authorities have taken action to protect targets from possible vandalism as Chile prepared to mark the anniversary of the outbreak of riots and social unrest last year on Sunday. The milestone comes a week before a referendum on October 25 in which polls predict that about two-thirds of Chileans… Continue reading Chile braces for unrest ahead of poll on constitution

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Grim picture for US malls as crisis in movies business takes toll

The movie industry crisis is spreading to U.S. malls as movie theater closings hit restaurant attendance and other tenants, exacerbating financial woes in already struggling malls. Before the pandemic, mall owners turned to movie theaters – among other businesses such as health clinics – to fill venues as the rise in online shopping prompted retailers… Continue reading Grim picture for US malls as crisis in movies business takes toll

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‘Colliding epidemics’ fears spur campaign to ramp up flu vaccinations

Efforts to increase influenza vaccination rates to prevent “collision epidemics” are hampered by limited supply as manufacturers struggle to meet demand. Germany ordered 26 million flu shots before the European winter, with Health Minister Jens Spahn saying the country “has never had so many”. The UK government has said it is aiming to vaccinate 30… Continue reading ‘Colliding epidemics’ fears spur campaign to ramp up flu vaccinations