Hurting Hong Kong's financial hub status will harm foreign businesses too, city's commerce secretary says
As "one of three major financial centers" in the world, any damage to Hong Kong's status as a key hub will have have an impact on foreign firms as well, warned Hong Kong's secretary for commerce and economic development.
CNBC,
Russia's rail link to port of Murmansk severed by bridge collapse
Russian Railways has halted passenger and cargo rail transport between the northern port of Murmansk and the rest of Russia after the collapse of the only railway bridge linking the two, the national rail company said on Tuesday.
Reuters,
Hong Kong's own leaders have sacrificed its autonomy | Antony Dapiran
If Hong Kong has become a pawn between the US and China, it is because Carrie Lam and her government have allowed it
Last week, President Donald Trump announced measures that could rewrite Hong Kong’s relationship with the US. The territory now appears to be on the cusp of having its status in the world change more fundamentally than it did with the handover from Britain in 1997.
Two weeks ago, Beijing announced it would legislate a new national security law and impose it on Hong Kong by decree, bypassing the city’s duly elected legislature in flagrant disregard of the “one country, two systems” arrangement under which Hong Kong has been governed.
Continue reading...The Guardian,
Turkey orders 118 people detained over suspected Gulen links
Turkey issued detention warrants for 118 people, mostly members of the military and security forces, suspected of links to the network that Ankara says was behind a 2016 coup attempt, the Istanbul prosecutor's office said on Tuesday.
Reuters,
U.N. says Libya sides agree to truce talks
Libya's warring parties have agreed to restart ceasefire talks, the United Nations mission to the country said late on Monday after weeks of intense fighting near the capital Tripoli fuelled by foreign arms.
Reuters,
Greece will negotiate new fiscal targets with Europe for 2021 onward, finance minister says
Greece wants to negotiate new fiscal targets with its euro zone creditors as the coronavirus crisis pushes its debt pile to almost 200% of GDP.
CNBC,
House prices see largest monthly fall for 11 years, says Nationwide
The Nationwide says house prices fell 1.7% in May as the coronavirus crisis hit market activity.
BBC News,
Qatar Petroleum's $19 billion LNG vessel order boon for South Korean shipbuilders
South Korea's ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied natural gas (LNG) ships, analysts said on Tuesday.
Reuters,
Coronavirus: Ministers 'looking at ways to relax travel quarantine rule'
It comes after some MPs criticised the government's plan to quarantine people coming to the UK for 14 days.
BBC News,
Stocks shrug off US unrest, China tensions amid easing of Covid-19 lockdowns - business live
Rolling coverage of the latest economic and financial news, as tensions simmer across the US and Hong Kong
- George Floyd killing: widespread curfews fail to stop fresh wave of protests across US
- US may take in Hongkongers ahead of China security laws, Pompeo suggests
Good morning and welcome to our rolling coverage of the world economy, the financial markets, eurozone and business
It’s hard to believe that during a global pandemic, when protests are raging across the US over the killing of George Floyd and geopolitical tensions are simmering over China’s control of Hong Kong, that investors would still be flocking to the equity market. But here we are.
The main focus once again appeared on the longer-term prospects of the easing of lockdowns across the world, though if the violence on US streets continues for much longer US investors might have to cope with a lockdown of a different kind, imposed by the National Guard.
This is something that President Trump hinted he might well do if the various states aren’t able to contain the outbreaks of violence across US cities.
Continue reading...The Guardian,
Stocks make cautious gains as U.S.-China frictions slow recovery rally
Asian stocks rose on Tuesday as investors' focus on the prospects of a global coronavirus recovery won out over familiar worries about U.S.-China relations and the depth of economic damage.
Reuters,
‘We can’t relax’: Europeans face up to life after lockdown
From Spain to Denmark, even those who have coped with coronavirus are aware the world has changed dramatically
Her customers may be back and there are, miraculously, more of them. Spring is here; the sun is out. No one wants to dwell on what happened; everyone wants to pick up their lives again, same as before.
“But still,” says Sophie Fornairon, “things have changed.”
Continue reading...The Guardian,
Investors should brace for a 15%-20% downdraft due to escalating risks, BTIG's Julian Emanuel warns
Long-time bull Julian Emanuel believes the market and economy are misaligned right now.
CNBC,
Stocks making the biggest moves after hours: Western Union, Coty, Moderna and more
Check out the companies making headlines after the bell.
CNBC,
Stock futures flat as investors assess economy reopening amid civil unrest
Many on Wall Street grew worried that the rising risks of the racial strife and U.S.-China tensions will reverse the market's massive comeback.
CNBC,
Here's what happened to the stock market on Monday
Stocks closed higher to start the new month amid mounting bets on a successful economic reopening.
CNBC,
Coco, Marley and Me, and more movies to make you cry hard
A critic who asked Twitter users for their top tear-jerking films was overwhelmed by the response.
BBC News,
Hussain Manawer's poem in tribute to coronavirus victims
BBC Breakfast commissioned poet Hussain Manawer to mark three months since the first UK coronavirus death.
BBC News,
Frequent testing, less contact recommended to get Hollywood cameras rolling again
Hollywood studios and labor unions on Monday proposed extensive coronavirus testing and other safeguards to allow actors and crew members to resume movie and TV show production in the United States.
Reuters,
'Carmen' and coronavirus don't match: NYC's Met Opera closed till December 31
New York's Metropolitan Opera will keep its curtains closed until a New Year's Eve opening gala, it said on Monday, as it announced a season shortened by the coronavirus epidemic.
Reuters,
MTV goes dark, record labels hit pause as U.S. protests rage
Youth television channel MTV and other stablemate channels said they will go dark around the world on Monday to mark the death in police custody of George Floyd, joining other U.S. entertainment outlets in condemning racial inequality.
Reuters,
Music industry leaders vow to pause business for a day in observation of Blackout Tuesday
The show will be paused. At least, that's the message coming from leaders and artists in the music business as part of a movement being referred to as Blackout Tuesday.
CNN,
Jay-Z speaks out after calling Minnesota Governor to discuss justice for George Floyd
Governor Tim Walz of Minnesota and Jay-Z are speaking out about a phone call they had over the weekend to discuss the death of George Floyd and where to go from here.
CNN,
Nick Cannon explains why he felt he had to go to Minneapolis
Nick Cannon is discussing why he felt compelled to go to Minneapolis and join the protests against the death George Floyd's murder.
CNN,
Late Night Doesn’t Feel Much Like Laughing
On Monday night, hosts talked about the protests, police brutality and racism. Jimmy Fallon started by addressing the fact that he’d worn blackface on “Saturday Night Live.”
The New York Times,
Midnight cowboy steak: French restaurant re-opens after lockdown
The steak restaurant that Jean-Pierre Le Bot co-owns in the French city of Nantes had been shut for 11 weeks, so when officials gave the go-ahead for it to open on Tuesday, he was not going to wait a...
Reuters,
Thais return to temples in traditional garb - and masks
Thais are starting to visit temples again as the mostly Buddhist country emerges from a coronavirus lockdown, although visitors are taking precautions such as wearing masks and getting temperature...
Reuters,
What’s on TV Tuesday: ‘Fuller House’ and ‘Dirty John’
The fifth and final season of “Fuller House” comes to a close on Netflix, and an anthology crime series returns on USA.
The New York Times,
A Terrorist Attack Sparks the Plot of Megha Majumdar’s Powerful Debut Novel
“A Burning” captures the political landscape of modern-day India through the lives of three characters.
The New York Times,
Christo’s Billowy Visions, Fleeting but Unforgettable
The artist’s works were easy to grasp but hard to categorize, bringing conceptual art to the masses and generating no small measure of happiness and awe in the process.
The New York Times,
Watch This: A Poignant Documentary or a Classic Sketch Comedy
Your TV needs may vary this week. These are the titles our critic recommends checking out.
The New York Times,
An M.L.B. Rookie Works on His Timing
Seattle Mariners outfielder Kyle Lewis was poised to break out this season. “Now I think the greatest things happen after periods of waiting, when things have a chance to brew.”
The New York Times,
Gronkowski loses WWE 24/7 belt after record run
Rob Gronkowski's record reign as WWE's 24/7 champ is over after nearly two months.
Reuters,
On this day: Born June 3, 1982: Yelena Isinbayeva, Russian pole vaulter
Few have dominated their sport like Russian pole vault record holder Yelena Isinbayeva, with her back-to-back Olympic gold medals, more than two dozen world records and seven indoor and outdoor world titles.
Reuters,
Japan's Naomi Osaka adds voice to U.S. protests: 'silence is betrayal'
Japanese tennis player Naomi Osaka has added her voice to protests over the death of an African-American man in U.S. police custody, criticising people for tweeting more about lootings than his death.
Reuters,
Knicks Won’t Weigh In on George Floyd, Dolan Tells Employees
The decision makes the Knicks an exception in a league where players and coaches have called for change on social media and joined protests.
The New York Times,
Extinction crisis 'poses existential threat to civilisation'
A study presents more evidence that the world is in the midst of a sixth mass extinction.
BBC News,
Monster or Machine? A Profile of the Coronavirus at 6 Months
Our “hidden enemy,” in plain sight.
The New York Times,
Going Viral, or Not, in the Milky Way
Is the pandemic a rehearsal for our own cosmic mortality?
The New York Times,
‘Going in the Wrong Direction’: More Tropical Forest Loss in 2019
Brazil was responsible for more than a third of the total global loss in 2019.
The New York Times,
U.S. Ruling Could Mean a Flood of New Claims Against Volkswagen
Judges on Monday cleared the way for counties to pursue the automaker, which already faces more than $20 billion in federal penalties for cheating on pollution tests, under local laws.
The New York Times,
Telefonica Deutschland picks Ericsson for 5G core network
Telefonica Deutschland will build its 5G core mobile network in Germany using equipment from Ericsson, saying the choice of the Swedish supplier would safeguard the security of its next-generation services.
Reuters,
TietoEVRY, IBM drop arbitration cases, revamp co-operation deal
Nordic IT services house TietoEVRY said on Tuesday it had signed a new deal with IBM changing the scope and operating model of their co-operation and the companies dropping arbitration cases against each other.
Reuters,
Can Zoom turn popularity into profit?
The video conference company may have become ubiquitous during lockdowns but that has brought new challenges.
BBC News,
White nationalist group posing as antifa called for violence on Twitter
Other misinformation and misleading claims spread across Twitter on Sunday night and into Monday related to the protests.
CNBC,
Stitch Fix is laying off 1,400 employees in California, and plans to hire in lower-cost U.S. cities
StitchFix CEO Katrina Lake said, "We have taken the very difficult decision to reduce the number of Stylists in our styling team in California, as we invest in our other styling hubs across the US"