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Fuel proves resilient to the resulting plunge in energy demand
HONG KONG: The two bronze lion statues standing guard over HSBC Holdings Plc’s main offices in Hong Kong still bear the marks of an attack by protesters, who last week daubed them with red and black paint, setting at least one ablaze. Graffiti declared that HSBC had been dyed the red of China.
HONG KONG: Hong Kong’s businesses will likely foot the bill for vandalism inflicted over the past four months during the territory’s most violent protests in living memory as few of them bought insurance coverage for riot damage, industry insiders said.
SHANGHAI: Months of protests in Hong Kong are taking an increasing toll on the city’s economy, with retail sales declining by a record amount in August.
LISBOA: Ana Guerreiro points across the street at a handful of housing projects in Lisbon’s up-and-coming riverside neighborhood of Marvila. It’s where she moved in with her mother last year after soaring rents meant she could no longer afford to live alone.
LONDON: Tourists flock to London’s Shoreditch to admire the street art that coats the trendy neighborhood in a riot of colour. What they may not expect to find alongside works by Banksy or Mr Cenz are the spray-painted logos of Swatch and Christian Louboutin.
SHANGHAI: KFC’s owner in China is pushing ahead with expansion plans, opening two stores a day in the world’s biggest consumer market and banking on technology to help it cut costs, even as carmakers and industrial companies signal demand there is deteriorating.
CAMBRIDGE Analytica, the Trump-campaign data firm embroiled in scandal over its misuse of Facebook accounts, suspended chief executive officer Alexander Nix after he was filmed bragging about dirty tricks. But the business’ ties to Nix and dubious tactics run deep.
Tangshan, China: While property prices in top-tier Chinese cities are booming, prices in smaller cities, where most of China's urban population lives, are sill sinking, complicating government efforts to spread wealth more evenly and arrest slowing economic growth.