Have you read these stories?

The likely ramifications of Trump's visa ban for foreign workers

Recently, Trump announced a temporary suspension of foreign work visas. Kuwait too is in the process of enacting similar legislation. ...
The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| 14 July, 2020, 03:02 AM IST | E-Paper
Search
+

    SEARCHED FOR:HONG KONG

    India readies GIFT for Hong Kong investors

    Govt mulling steps to make IFSC in Gujarat attractive for investors moving out of Hong Kong.

    China passes Hong Kong security law: Reports

    The National Standing Committee, unanimously approved the legislation on Tuesday morning, Now TV...

    Taiwan to enhance scrutiny of Hong Kong, China investment, source says

    Taiwan, claimed by China as its own, has traditionally treated investm...

    • The odds of success are getting smaller by the day, if the stock market is any guide. CK Hutchison Holdings, the largest piece of Li’s empire, now trades at less than half the value of its net assets, the most depressed level since 2015. The stock has tumbled 30% over the past year, versus a 7% decline for Hong Kong’s Hang Seng Index.

      The move comes after China bypassed Hong Kong's Legislative Council to impose the sweeping security legislation without public consultation. Critics view it as a further deterioration of freedoms promised to the former British colony, in response to last year's massive protests calling for greater democracy and more police accountability.

      Schools in the Asian financial hub have been mostly shut since February with many having switched to online learning and lessons by conference call. Many international schools are already on summer break.

      The short-form video app's planned departure from Hong Kong comes as various social media platforms and messaging apps including Facebook, WhatsApp, Telegram, Google and Twitter balk at the possibility of providing user data to Hong Kong authorities.

      ​Police said 10 people were arrested under the law, including a man with a Hong Kong independence flag and a woman holding a sign displaying the British flag and calling for Hong Kong's independence - all violations of the law that took effect Tuesday night. Others were detained for possessing items advocating independence.

      Reacting to Beijing's move, Pompeo said, "The Chinese Communist Party's (CCP) decision to impose draconian national security legislation on Hong Kong destroys the territory's autonomy and one of China's greatest achievements." Pompeo said the United States will continue to stand with the freedom-loving people of Hong Kong and respond to Beijing's attacks.

      The short form video app owned by China-based ByteDance has made the decision to exit the region following China's establishment of a sweeping new national security law for the semi-autonomous city. "In light of recent events, we've decided to stop operations of the TikTok app in Hong Kong," a TikTok spokesman said.

      The law's passage Tuesday further blurs the distinction between the legal systems of semi-autonomous Hong Kong.

      As the China’s Communist Party prepares to grab more power in Hong Kong after months of sometimes violent unrest last year, it has pushed aside even its own allies in the city. The party’s strategy sends a clear message to Hong Kong: In quashing challenges to its authority, Beijing won’t hesitate to upend the delicate political balance at the core of the city’s identity.

      China said Monday it would impose visa restrictions on US citizens who had "behaved egregiously" over Hong Kong, ahead of the expected approval by Chinese lawmakers of a controversial national security law for the city.

      All that is pointing to a much tougher stance against China, with a growing number in Prime Minister Boris Johnson's Conservative Party taking a long, hard look at Britain's Chinese ties. Many are saying Britain has been far too complacent and naive in thinking it could reap economic benefits from the relationship without political consequences.

    Load More...
    x
    The Economic Times