Hong Kong’s first quarter GDP growth slows to 2.7% year-on-year.
On May 3, 2024, the government statistics department released the preliminary estimate of the local Gross Domestic Product (GDP) for…
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Survey: 70% of SMEs in Hong Kong believe that Mainland Chinese tourists’ spending boosts business significantly.
According to a recent “Hong Kong SME Business Condition Survey” released by the Hong Kong Small and Medium Enterprises Association…
iPhone sales drop by 10%, Apple announces largest buyback in history
On Thursday, May 2nd, Apple Inc. announced its financial results for the second quarter of the 2024 fiscal year (corresponding…
China’s Top Four Banks Experience Decline in Revenue and Profit, Experts Analyze 5 Major Reasons
China’s state-owned banks recently released their first quarter financial reports, showing decreases in both operating income and net profit for…
Peloton, America’s Largest Interactive Fitness Platform, Announces 15% Workforce Reduction; CEO Resigns
In the latest news on May 3, 2024, American fitness equipment and media company Peloton announced on Thursday, May 2,…
Stock Prices Soaring, Ignoring Weak Economy.
This week, various government agencies in the United States have released some unexpectedly disappointing economic indicators and related news. Data…
Elon Musk’s Visit to Beijing May Become a Model for CCP to Establish Preferential Treatments for Foreign Companies
Tesla CEO Musk made an unexpected visit to Beijing on April 28 and met with Chinese Premier Li Keqiang. Following…
International law firms leaving Mainland China and Hong Kong; Morrison & Foerster to divest Hong Kong business.
The ongoing tensions in US-China relations and China’s economic downturn have prompted many international law firms to reconsider or gradually…
Shortage of “Liquid Gold”: Global Largest Olive Oil Company in Crisis
During the period of high inflation, the “liquid gold” known as olive oil is surprisingly in short supply, with prices…
Antitrust Court Documents: Google to Pay Apple $20 Billion in 2022
According to court documents in the US antitrust case, Google paid $20 billion to Apple in 2022 to become the…