Abigail Ng
Abigail Ng
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China passes controversial national security law for Hong Kong

China passes controversial national security law for Hong Kong

Keep Me Logged InKey PointsThe top decision-making body in China's parliament has passed the contentious national security law for Hong Kong, according to a member of the Standing Committee of China's National People's Congress.Tam Yiu Chung, the sole Hong Kong delegate to the committee, confirmed on Tuesday that the law was passed. Reuters cited Cable TV as saying the law was passed unanimously.It came one day before the anniversary marking Hong Kong's handover from the U.K. to mainland China on July 1, 1997.Hong Kong — a former British colony governed under the "one country, two systems"...

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Abigail Ng
6d ago
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Growing tensions over China's handling of coronavirus could lead to a 'much worse' trade war, investor says

Growing tensions over China's handling of coronavirus could lead to a 'much worse' trade war, investor says

Keep Me Logged InKey PointsEscalating tensions over China's handling of the could be a "major risk" to economic recovery —and may even lead to a trade war worse than the one between Beijing and Washington, one investor told CNBC. From the U.S. to Europe to Australia, more and more world leaders are calling for China to be investigated over the origins of the outbreak, which was first reported in the Chinese city of Wuhan in late December.As economies prepare to reopen again after weeks of lockdown to stem the virus' spread, recovery could be derailed by political tensions, said David...

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Abigail Ng
May 15
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Countries in the Middle East are easing coronavirus restrictions. Here's what experts have to say

Countries in the Middle East are easing coronavirus restrictions. Here's what experts have to say

Keep Me Logged InKey PointsThe outbreak in the is likely to remain under control despite the easing of restrictions in recent weeks, as long as social distancing continues to be enforced, experts told CNBC."If isolation of foreign workers works well and if the population respects social distancing and safe measures, I do not think that lifting restrictions will lead to an increase in cases," said Cédomir Nestorvic, a professor of geopolitics and Islamic business at ESSEC Business School. Migrant workers in the region have been hit hard by the pandemic.Countries across the Gulf have loosened...

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Abigail Ng
May 8
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OPEC+ deal saved 'more than 2 million' jobs in the US, says Russia's sovereign wealth fund chief

OPEC+ deal saved 'more than 2 million' jobs in the US, says Russia's sovereign wealth fund chief

Keep Me Logged InKey Points'Actual' oil cuts are over 15 million barrels per day: RDIF's DmitrievThe OPEC+ deal that's supporting prices could save millions of jobs, according to the chief executive of sovereign wealth fund RDIF.After days of discussion, and its allies reached an agreement on Sunday to  It will be in effect from May 1 to the end of June, following which restrictions will be loosened.The alliance will also meet on June 10 to reassess the situation.U.S. President who was involved in the negotiations, said in a tweet that the deal "will save hundreds of thousands of jobs in...

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Abigail Ng
Apr 13
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France has seen a 30% to 40% fall in tourists following the coronavirus outbreak: Finance minister

France has seen a 30% to 40% fall in tourists following the coronavirus outbreak: Finance minister

France’s tourism sector has taken a beating following the coronavirus outbreak, according to the country’s finance minister. “We have less tourists, of course, in France, about 30%, 40% less than expected,” Bruno Le Maire told CNBC’s Dan Murphy on Sunday at the G-20 Finance Ministers and Central Bank Governors’ Meetings in Riyadh, Saudi Arabia. “That’s, of course, an important impact for the French economy,” he said. The new coronavirus infection first surfaced in late 2019 in the Chinese city Wuhan, and the disease has since killed nearly 2,500 people in China. Amid travel bans and...

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Abigail Ng
Feb 24
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