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Cathay to cut 6,000 jobs and close Dragon brand, says SCMP
HONG KONG, Oct 20, (Bloomberg): Cathay Pacific Airways Ltd. will cut 6,000 jobs and close its Cathay Dragon brand, the South China Morning Post reported, as part of a strategic review to combat the deep damage caused by the coronavirus pandemic.
China boosts its attack range with launch of mysterious new hypersonic cruise missile, insiders say
HONG KONG, Oct 20 (SCMP): Sources close to military and a social media video suggest PLA has weapon with greater speed and range than existing Changjian missilesThat could enable it to more effectively penetrate missile defence systems
Jack Ma leads the pack as Chinese billionaires’ 2020 fortunes grow by the size of Russia’s economy
HONG KONG, Oct 20 (SCMP): China’s super-rich now own a combined fortune of US$4 trillion, more than the GDP of Germany, the world’s fourth-biggest economy, according to the latest Hurun rich list. Ma’s family wealth grows 45 per cent as a stock market boom and tech mega listings lift the fortunes of China’s billionaires by US$1.5 trillion.
TikTok rivals like Triller battle for influencers as US ban looms, but some say no other platform compares
Competitors are already taking advantage of TikTok’s impending shutdown to entice its users and creators to switch platforms, the app’s lawyers say. Trump-approved Triller is reportedly dangling equity and official company positions for TikTok stars to tell followers they are switching platforms.
Flu vaccines: as demand rises amid Covid-19 fears, Hong Kong’s private doctors already struggling with shortages
HONG KONG, Oct 20 (SCMP): While the government has secured 878,000 doses, that will barely meet the needs of schoolchildren and the elderly, according to HKU microbiologistBut with stocks running low, city’s private medical practitioners need a tenth of that number reserved for their needs, Hong Kong Doctors Union says
Pair arrested after HK$3.7 million Lamborghini slams into side of Hong Kong flyover
HONG KONG, Oct 19 (SCMP): Man and woman held on suspicion of lying to officers about who was behind the wheelDashcam clip from another vehicle shows more than 10 sports cars racing at time of crash
Twitter boast of sex with underaged ‘goddaughters’ sparks police investigation in northeast China
Blogger uncovers network of commenters offering information on how to find minors and avoid legal troubles. Qiqihar cyber police implore the public to only trust official information for updates on the case.
China-India border dispute: PLA troops in Tibet seen preparing for Himalayan winter
HONG KONG, Oct 19 (SCMP): Soldiers shown in photos and videos with thermal jackets, boots, ponchos and three-in-one sleeping mat, bag and shelterIt comes after reports Indian Army bought gear from US and Europe, and with no end in sight to the stand-off
China passes law to restrict exports of sensitive technology
Legislation follows rising tensions with US that has seen tech companies targeted by Washington. Details of law have yet to be made public, but proposals are intended to protect national security.
China turns on the charm to get its belt and road plan back on track
HONG KONG, Oct 19 (SCMP): Beijing’s diplomats are leading a global effort to breathe new life into the stalled multibillion-dollar scheme, but observers say revitalising it in a post-pandemic world will not be easyChina said in June that about 60 per cent of projects under the plan had been affected in some way by the global health crisis
