Author: admin

08 Jan Air Transat reaches tentative deal with union representing flight attendants

Posted at 14:02h in Canada

BusinessAir Transat and the union representing its 2,100 flight attendants say they have reached a new tentative agreement, coming after the flight attendants rejected an earlier deal reached between the airline and CUPE in December.CUPE members at airline had rejected previous tentative agreementThe Canadian Press...

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08 Jan Hong Kong joins EU, US, South Korea and Singapore in tightening crypto regulations in 2023, report says

Posted at 13:01h in Asia

Governments around the world have increased their scrutiny of cryptocurrencies in the past year following a series of meltdowns, with many strengthening consumer protection in the volatile sector.In 2023, 17 jurisdictions including Hong Kong, the European Union, South Korea, Singapore, and the United States, tightened...

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08 Jan Oil industry veteran to lead COP29 climate talks in Azerbaijan

Posted at 12:45h in Europe

Azerbaijan's Minister for ecology and natural resources and formerly an executive at state oil company SOCAR Mukhtar Babayev (C) visits at the Norm cement plant in Baku, on February 23, 2023. Azerbaijan named on January 5, 2024, Mukhtar Babayev minister to preside over the November...

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08 Jan Shanghai explainer on taxation of digital currency transaction drives speculation on potential easing of China’s crypto ban

Posted at 11:30h in Asia

The explainer, “Common Misunderstandings Regarding Personal Income Tax on Business Income and Categorised Income”, became widely circulated on Sunday after it was published on WeChat by the Shanghai tax service on Thursday. It cited a 2008 statement by the State Taxation Administration (STA).That prompted...

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08 Jan Outage at financial data provider Wind tests fragile sentiment in China’s onshore markets

Posted at 11:00h in Asia

Wind Information, China’s leading financial data provider, suffered a technical malfunction that denied access to a large swathe of its subscribers on Monday, causing some trading snarls in Asia’s largest market.The data provider notified some users that a glitch in its main network...

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08 Jan China Evergrande: key executive at EV unit arrested for unspecified crimes, 3 months after founder Hui Ka-yan’s detention

Posted at 10:00h in Asia

Chinese authorities arrested a key executive from the troubled China Evergrande Group for unspecified crimes, more than three months after detaining the group founder Hui Ka-yan, presenting another major hurdle to its debt reorganisation.Liu Yongzhuo, an executive director at China Evergrande New Energy Vehicle...

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08 Jan CES 2024: Chinese tech giants Alibaba, ByteDance lead China’s return to premier consumer electronics show in Las Vegas

Posted at 10:00h in Asia

Chinese companies have returned to Las Vegas for CES in full force this year, with more than double the number of exhibitors compared with last year, including big names like ByteDance and Alibaba.com, as companies try to shake off Covid-era blues with overseas growth.CES...

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08 Jan Chinese stocks’ darkest days may be over as earnings rebound, property recovery seen lifting gloom in 2024 – UBS

Posted at 09:00h in Asia

The worst may be over for Chinese stocks after three straight years of losses dealt a US$1.4 trillion wipeout, as a recovery in corporate earnings takes hold amid a ramp-up in policy support in the world’s second largest economy, according to Swiss bank UBS Group.An...

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08 Jan Cabbing in Italy can be a gnarly affair. Here’s how to navigate it

Posted at 07:25h in Europe

I knew something was amiss when the taxi meter read 10.50 euros as we pulled away from the Roma Termini train station. While negotiating the evening rush hour traffic and typing into a translation app on his cell phone, the cab driver suggested the starting...

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08 Jan IPOs: Hong Kong’s GEM reforms likely to end second board’s 3-year drought, but will not be game-changers, analysts say

Posted at 06:17h in Asia

“The HKEX listing reforms on GEM are a good gesture to draw attention to the second board, which will help attract some smaller players to consider listing,” said Tom Chan Pak-lam, permanent honourable ­president of the Institute of Securities Dealers, an industry body for stockbrokers...

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