South Korea is seeking to mediate to bridge the gap between the United States and North Korea as they appear to have “some kind of difference in stances” ahead of a planned summit, an official at South Korea’s presidential Blue House said on Thursday. The comments come after Pyongyang on Wednesday threatened to pull out […]
Read moreCurrency, United States Finance
Europe's new data privacy law will be worth the hassle, says Dutch prince
Complying with European data privacy laws that come into effect next week might be a costly hassle for companies in the short-term but that would mean they would be seen as more trustworthy, according to Prince Constantijn van Oranje of the Netherlands. To comply with the rules, companies will have to assess how they’re storing […]
Read moreAn earthquake with a preliminary magnitude of 5.3 hit eastern Japan on Thursday, the Japan Meteorological Agency said. The epicentre of the quake was off the coast of Chiba prefecture, the agency said, adding that a tsunami warning had not been issued. There were no immediate reports of damage. Source: cnbc china Earthquake jolts eastern […]
Read moreThe Hong Kong Monetary Authority (HKMA) stepped into the currency market and bought another HK$4.710 billion ($600 million) in Hong Kong dollars on Wednesday U.S. time as the local currency hit the weaker end of its trading range. That was in addition to HK$4.789 billion in Hong Kong dollars that the city’s de facto central […]
Read moreHong Kong is raising its guard against the threat of money laundering as its vulnerability to financial crimes is seen on the rise. The city, long an oasis of good government and transparent finance in a region that often struggles with corruption and illicit money dealings, is well aware of its reputation and wants to […]
Read moreJapan is considering slapping tariffs on U.S. exports worth $409 million in retaliation against steel and aluminium import tariffs imposed by President Donald Trump, public broadcaster NHK said on Thursday. The government is preparing to notify the World Trade Organization of the plan, a necessary procedure under global trade rules, this week, NHK said. The […]
Read moreMalaysia said it will introduce a sales and service tax to partly offset the shortfall in revenue from effectively scrapping a goods and service tax (GST) from June. The Mahathir Mohamad-led government, which won last week’s general election, said on Wednesday it would lower GST to zero percent from June 1. Ousted leader Najib Razak […]
Read moreAaron Schlossberg, a New York-based lawyer, became internet famous on Wednesday for the worst of reasons: a racist rant that went viral. Schlossberg was captured on a smartphone video yelling at employees in the restaurant Fresh Kitchen in midtown Manhattan. His complaint was that the workers were speaking Spanish to customers. “And my guess is […]
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