Property 

Few buyers for latest batch of flats at Sino Land project Grand Central as lacklustre start to year for Hong Kong property market continues

Hong Kong home seekers remained cautious as subdued sales at Sino Land’s Grand Central development in East Kowloon on Saturday continued the slow start for the world’s most expensive housing market this year.A total of 15 flats were sold on Saturday out of the 161 available, according to market sources. The development in Kwun Tong has a total of 1,999 flats, ranging from 333 sq ft to 1,543 sq ft.The latest batch was sold at an average discounted price of HK$21,616 per square foot, up 2.1 per… Source link

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Honda to shut UK car assembly in the latest blow to Britain’s shrinking automotive industry

Honda Motor plans to close its factory in the UK in the biggest blow yet to the British auto industry already buckling under thousands of job cuts and the loss of key models in the run-up to Brexit.The site in Swindon, about 80 miles west of London, is the nation’s fourth-largest automotive plant and employs about 3,500 workers where the Honda Civic hatchback is made.Production for Europe will consolidate in Japan in 2021, Justin Tomlinson, MP for North Swindon, said on Twitter. Honda also… Source link

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Property 

UK property agents at gloomiest for 10 years in latest monthly Royal Institution of Chartered Surveyors snapshot

Brexit uncertainty and a lack of affordability in some areas continue to stifle the UK housing market, leaving Britain’s property agents with their gloomiest view of property values in 10 years.The latest monthly snapshot from the Royal Institution of Chartered Surveyors (Rics) shows a further weakening of the market, with demand, prices and sales expectations all down.The industry survey came as the latest government figures showed annual house price growth across the UK had slowed to its… Source link

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China 

Trade war truce deadline played down by China media on eve of latest round of talks in Beijing

The March 1 deadline for trade negotiations between China and the United States is a “media topic created by the US side” and it could be extended to a later date such as May 1, said an opinion piece posted by a number of Chinese official media outlets on the eve of the latest round of trade talks between Beijing and Washington. The opinion piece, which was first published on a social media account, Taoran Notes, on WeChat on Sunday, is not a direct statement from the Chinese government, but…

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Hong Kong stocks slide after Trump says he won’t soon meet with Xi, latest medical scandal emerges out of China

The first trading day in Hong Kong of the Year of the Pig opened without delivering the bacon, as stocks slid on downbeat news about the latest medical scandal out of mainland China as well as worries about trade talks and global growth. The Hang Seng Index dropped 1.01 per cent, or 282.02 points, to 27,708.13 at the open on Friday, while the Hang Seng China Enterprises Index shed 1.43 per cent, or 157.72 points, to 10,878.70. All sub-indexes were negative. Pharmaceuticals dragged the Hang Seng down on the heels…

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China 

Chinese team arrives in US for trade war talks under shadow of latest Huawei charges

A high-level Chinese trade delegation landed in Washington on Tuesday for a fresh round of talks aimed at ending the trade war, but the US indictment against the telecoms giant Huawei may prove to be an additional stumbling block. A diplomatic source said the US had presented a list of demands to China during their previous round of talks in Beijing in early January. China said it would study the demands, and is expected to make counter proposal in the upcoming talks, the source said. Both sides gave a positive…

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Hainan is the latest Chinese free-trade zone with tech hub ambitions

Hainan, an island province known as China’s Hawaii, does not only want to be known for sunshine and beaches: It has set an ambitious goal to become the country’s southern hub for technological innovation. The strategy involves offering tech start-ups free rent, reduced tax rates, easier visa policies, and access to government-backed venture capital funding. The first global tech company to commit to a presence on the island was Microsoft, which signed an MOU with the provincial government in April 2013 for a partnership that would transform Hainan into an…

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Vietnam 

Kaspersky launches latest solutions in VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Ngô Tấn Vũ Khanh, development director of Kaspersky Lab Việt Nam, introduces his company’s latest anti-virus products in Việt Nam. — Photo courstey of agency Viet Nam News HCM CITY — Kaspersky Lab has updated its security solutions for home users. Its latest poducts – Kaspersky Anti-virus, Kaspersky Internet Security and Kaspersky Total Security – were better than their predecessors in a number of ways, the company said. They were faster at almost every process and required less operating memory and fewer other resources. They could…

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HNA’s US$41 million loss the latest price paid by Chinese firms for Trump’s choke hold on China

The Chinese conglomerate HNA Group said on Wednesday it has sold its majority stake in a Manhattan office building, a deal which led to US$41 million in losses for HNA and its US partners. HNA did not want to sell the mid-Manhattan property – 850 Third Avenue – that it bought little more than two years ago and had used as its US headquarters. But it did not have a choice. A few months following the purchase in 2016, the building suddenly became a national security concern to the US…

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