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Elon Musk’s fleet of low-orbiting Starlink satellites dot space, leave astronomers upset

Two days after Elon Musk’s SpaceX launched 60 satellites in May as part of a mission to bring quick internet service to people worldwide, astronomers noticed something different.As some of the satellites zipped past the Lowell Observatory in Flagstaff, Arizona, telescopes trained on the night sky captured streaks of reflected sunlight that marred their view of a far-off star system.Astronomers now worry that the vast number of communications spacecraft planned, including nearly 12,000 of Musk’s… Source link

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Mark it zero, dude! Facing tariff hike, family-run maker of bowling shoes and bags struggles to leave China

Brad Handelman has been trying to move his family’s business out of China for years, but has only come up with gutterballs.He has looked at Bangladesh, Cambodia, India and Vietnam for new manufacturers, but has had zero strikes in shifting his sourcing for bowling shoes and bags away from China.Now, Strikeforce Bowling, based in Melrose Park, Illinois, is facing an additional 25 per cent tariff on its bowling shoes later this year after being hit with a similar higher duty on bowling bags last… Source link

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Despite extradition protests, China’s economic stimulus and US monetary policy easing leave Hong Kong well placed

Markets always have to react. Attacks on oil tankers in the Middle East prompt a higher oil price. China unveils measures to boost automobile sales and the price of palladium is affected. But, while immediate market reactions are perfectly rational in the moment, those decisions may not stand the test of time. Take Hong Kong for example. Clearly, last week’s use of beanbag rounds, rubber bullets and tear gas in Admiralty was hardly going to elicit a positive reaction from investors, and the… Source link

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China 

Trade war effects leave China less room to tighten property curbs, say analysts

China’s slowing economy and the ongoing trade war with the US mean it has less room to increase cooling measures in the property sector, one of the most important economic drivers, according to analysts.China’s real estate sector has been rife with rumours the government will further rein in the booming market with measures that may include denying certain developers access to the onshore bond market to curb their aggressive bidding for land being auctioned off.Property sales in May showed… Source link

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Money 

Next phase of trade war could hit clothing prices as manufacturers leave China to dodge tariffs, warns owner of Vans, North Face

Consumers could face higher prices for clothing and footwear if manufacturers move out of China to avoid trade war tariffs imposed by the US, the regional director of American apparel company VF Corporation warned.If Washington were to carry out its threat of placing additional duties on a wide range of Chinese-made consumer goods including footwear and apparel, inflation across the industry would be likely as manufacturing costs in the region increased, said Asia-Pacific managing director… Source link

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Vietnam 

Auchan retail chain to leave Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HÀ NỘI — French supermarket group Auchan Retail had decided to sell 18 loss-making stores in Việt Nam, vietnamplus.vn cited CEO Edgar Bonte as saying. Those outlets generated 45 million euros (US$50.4 million) in revenue in 2018 but still suffered losses. The French group entered Việt Nam in 2015 and has developed a total of 21 stores in the country. After the closure of three outlets, it now has 18 left, 13 of which are in HCM City, four in Hà Nội and one in the southern province of Tây Ninh. Auchan is now negotiating with different…

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China 

EU investment rules leave over 80 per cent of Chinese firms feeling discriminated against, survey says

More than 80 per cent of Chinese firms believe they are discriminated against when investing in European Union countries as China’s overseas acquisition are increasingly scrutinised, according to a survey compiled by a Chinese trade body.The European Union is the largest recipient of Chinese investment, but new rules on the screening of foreign investment introduced at the start of April target areas that have had the most Chinese investment, including manufacturing, lease and commercial… Source link

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Property 

UK department store House of Fraser’s landlord serves notice on retail tycoon Mike Ashley to leave

Doubts are growing about the number of House of Fraser department stores Mike Ashley will keep open as landlords lose patience with him paying no rent while he decides what to do with the spaces.The retail tycoon said he hoped to save about 80 per cent of House of Fraser’s 59 stores across the UK and turn the chain into the “Harrods of the high street” after it was bought out of administration for £90 million last August by his leisurewear business Sports Direct.But the landlord of Rackhams in… Source…

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‘Brexiety’ becomes a word as foreign investment in UK real estate drops to its lowest level since 2016 vote to leave European Union

Foreign investment in UK property has in the first three months of 2019 fallen to its lowest level since the first quarter of 2016, the three-month period before the country voted to leave the European Union, according to data provider Refinitiv.Cross-border spending on UK property – residential, non-residential, other real estate, real estate management and development, Reits, hotels and lodgings – reached US$598.3 million in the March quarter, a tenth of the US$5.9 billion reported in the… Source link

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When it comes to financial planning, most Hong Kong women leave it to spouses ‘as they know better’

Women still have much progress to make before being equal or taking charge of life-changing financial decisions with a partner, according to a UBS survey released ahead of International Women’s Day on Friday.This year’s theme of Balance for Better for the United Nations-recognised annual event is projected at accelerating gender balance. But from a financial planning perspective, there is still a way to go before this is achieved.The UBS study found that over 80 per cent of women worldwide are… Source link

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