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Financial watchdog SFC has fined 10 banks almost HK$1 billion for IPO failures … but investors got nothing. Now they’re demanding change

Investors and lawmakers in Hong Kong are urging regulators to seek compensation for people who lose money when listed companies collapse shortly after their initial public offerings.Under the current system, when banks sponsoring IPOs are found to have fallen short in their due diligence duties, the proceeds of any fine imposed by the watchdog goes to the government, not investors. Those fines amount to almost HK$1 billion (US$130 million) over the last 20 years, according to calculations by…




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Hong Kong police arrest 10 people after fight broke out at a Lennon Wall over political differences

Hong Kong police arrested 10 people following a fight between two groups with different political views at the so-called Lennon Wall in Wong Tai Sin district in the early hours of Friday.Five victims aged between 20 and 44 suffered injuries to their heads, backs and limbs in the incident that happened at a public housing estate in Lok Fu shortly before 12.30am.The dispute first erupted when a group of about 20 people carrying handy tools and paint were seen removing messages at the Lok Fu…




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Ocean Park in Hong Kong may run out of cash by September, CEO warns, but no decision on when the coronavirus shutdown will end

Ocean Park could run out of cash by September, its CEO warned on Friday as he estimated the Hong Kong attraction had missed out on nearly 1 million visitors over three months of its coronavirus shutdown.With the health crisis intensifying the resort’s financial woes, Matthias Li Sing-chung said no decision had been made on when the park would emerge from the shutdown imposed on January 26, but said it could return within two weeks once conditions were deemed suitable, even if some social…




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Coronavirus: Hong Kong start-ups that raced to make masks relook plans, as government announces handouts for all households

After almost three months of hectic preparation, Denis Huen Yin-fan’s Hong Kong factory started delivering masks to customers last week to help protect them against the Covid-19 pandemic.Just as the supplies began reaching his clients, the Hong Kong government announced it will be distributing reusable and disposable masks to all households, free of charge, within weeks.Every household will receive reusable masks that can be washed up to 60 times, as well as a pack of 10 disposable masks.1.5…




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Coronavirus: Hong Kong records no new cases, as government adviser suggests easing border restrictions with Macau

Hong Kong recorded zero new Covid-19 cases on Saturday, as a government adviser suggested that border control measures between the city and Macau could be the first to be lifted.It was also the 20th day in a row without any local infections, although a handful of imported cases over the past week had taken Hong Kong’s tally to 1,044 with four related deaths.Health experts earlier raised the prospect of Hong Kong being declared free of local transmission if there were no such cases after 28 days…




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‘I don’t mind if she doesn’t know me,’ says 70-year-old Hong Kong man caring for wife with dementia

After taking care of his wife the whole day, Lam Man-hing, 70, finally has a little time to himself before bedtime.He browses the news, checks messages from friends on his smartphone and watches some television, with his wife Tang Siu-man, 74, asleep by his side.He checks on her from time to time, and keeps the TV volume low to avoid disturbing her.In the morning, like every day, she might not remember him.Tang has Alzheimer’s disease, a progressive form of dementia that begins with…




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Evergrande’s Emerald Bay flats flop in their third weekend sale in three months as homebuyers ignore developer’s discount

China Evergrande’s weekend sale of its Emerald Bay flats in Tuen Mun has flopped for the third time in as many months, as Hong Kong’s homebuyers shunned its meagre discounts in anticipation of further price declines.The developer managed to find buyers for 41 flats, or 12 per cent of the 335 units on offer at 8:30pm, according to sales agents.In March, the developer sold 49 of 141 flats when it launched the project in the midst of the city’s coronavirus outbreak, at a time when social…




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Governments Cautioned Not to Use COVID-19 Lockdown to Cause Harm

The United Nations High Commissioner for Human Rights is calling on governments and leaders around the world to ensure that their respective lockdown measurements don’t end up causing harm to people by those enforcing the lockdowns.   “Emergency powers should not be a weapon governments can wield to quash dissent, control the population, and even perpetuate […]

The post Governments Cautioned Not to Use COVID-19 Lockdown to Cause Harm appeared first on Inter Press Service.




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Journalism is Not a Crime…and Fake News on Social Media is Not Journalism

This year’s World Press Freedom Day on 3 May falls during COVID-19 lockdowns in many of our countries. Restriction on movement means journalists all over the world are facing obstacles in getting interviews and data, and verifying stories before publishing. In addition, the global pandemic has been used by many governments to control not just […]

The post Journalism is Not a Crime…and Fake News on Social Media is Not Journalism appeared first on Inter Press Service.




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Q&A: COVID-19 Means we Must Innovate Data Collection, Especially on Gender

The current coronavirus pandemic can offer insight into how to shake-up traditional methods of data collection, and might provide an opportunity to do it in more innovative ways, in turn enhancing progress towards gender equality. “Necessity is the mother of invention, and when you look at society’s crisis – whether that’s a health crisis or […]

The post Q&A: COVID-19 Means we Must Innovate Data Collection, Especially on Gender appeared first on Inter Press Service.




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COVID-19: Developing Countries Must Not be Left Behind

Globalization has been a driver for increased prosperity world-wide, but it has been in reverse in the last years due to the growth of populism in the USA and Europe. The COVID-19 pandemic may well provide further momentum to increasingly national-interest oriented policies in the west. Nevertheless, a common response to COVID-19 is needed, where […]

The post COVID-19: Developing Countries Must Not be Left Behind appeared first on Inter Press Service.




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Time for the World Bank and IMF to Be the Solution, Not the Problem

Franciscka Lucien is Executive Director of the Institute for Justice & Democracy in Haiti. Joel Curtain is the Director of Advocacy at Partners in Health.

The post Time for the World Bank and IMF to Be the Solution, Not the Problem appeared first on Inter Press Service.




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Black Americans are Bearing the Brunt of Coronavirus Recession – This Should Come as no Surprise

As the COVID-19 pandemic worsened in April, many Americans were shocked by the extent that black Americans were being disproportionately impacted: higher infection rates, more deaths and greater job loss. But many black Americans were not surprised. This is not new. The same dynamic has been going on at times of crisis for decades and […]

The post Black Americans are Bearing the Brunt of Coronavirus Recession – This Should Come as no Surprise appeared first on Inter Press Service.




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News24.co.ke | Kenya Airways pilots' union withdraws strike notice

The KALPA pilots union at Kenya Airways on Thursday withdrew a strike notice issued last month, saying there had been progress on issues it had raised regarding the carrier's turnaround strategy.




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News24.co.ke | Bomet Governor Ruto rushed to hospital after altercation with police

Bomet Governor, Isaac Ruto was airlifted to Nairobi Hospital on Monday morning after clashing with police officers.




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News24.co.ke | Murder trial of Willy Kimani postponed due to lawyer no-show

The murder trial over human rights lawyers, Willy Kimani death had to be postponed when lawyer, Cliff Ombeta failed to pitch in court.




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News24.co.ke | Bomet Governor, Issac Ruto to be flown to South Africa for treatment

Bomet Governor, Isaac Ruto who was being treated for injuries at Nairobi Hospital after clashes with police will be transferred a hospital in South Africa, a report says..




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Students killed in independence struggle honored

They are young; they are students. They marched to remember eight students, much like themselves, who were summarily shot for their love of the country.




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Greater economic growth expected in 2015

“Next year, the Cuban economy will continue to progress despite the blockade, external financial restrictions and the international situation,” asserted Minister of the Economy Marino Murillo Jorge, during a November 28 Council of Ministers meeting, presided by President Raúl Castro Ruz. The 2015 Economic Plan, Murillo reported, is fundamentally focused on maximizing efficiency...




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Medical professionals honored

LATIN AMERICAN MEDICINE DAY Medical professionals honored This December 3, celebrated in Cuba as Latin American Medicine Day, provided an opportunity to recognize those who, with disinterested humility, “struggle every day for the lives of our people and in other sister countries,”




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Toward the indispensable political, economic and social integration of Latin America and the Caribbean

CARICOM-CUBA SUMMIT Toward the indispensable political, economic and social integration of Latin America and the Caribbean Key remarks by President Raúl Castro opening the Fifth CARICOM-Cuba Summit in Havana, December 8, 2014




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May nothing, no one, derail our progress toward integration

Cuban President Army General Raúl Castro Ruz opened the XIII Summit of the Bolivarian Alliance for the Peoples of Our America-People's Trade Agreement (Alba-TCP), this morning December 14, and called for strengthening regional unity. - ALBA to celebrate 20th anniversary in Havana




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Antarctic researchers are now isolating within isolation

In the frozen and desolate expanse of Antarctica, Davis station leader David Knoff and other expeditioners are well aware of what it takes to live this way.




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What doctors on the front lines in New York wish they’d known a month ago

Ironclad emergency medical practices — about when to use ventilators, for example — have dissolved almost overnight.




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Gangnam smile: North Korean defector wins South Korea's swankiest seat

Thae Yong-ho was Pyongyang's deputy ambassador to the UK where he had managed secret funds for leader Kim Jong-un until he fled to the South in 2016.




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Anonymous tip 'led to the discovery of more than a dozen bodies' at US nursing home

Police responding to an anonymous tip found more than a dozen bodies at a nursing home in north-western New Jersey, according to reports.




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One in seven US workers jobless as pandemic shock to economy hits

Conservative economist Steven Moore, a Trump ally, said there will be 30 million people out of work in the country if the economy doesn't open back up soon.




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Donald Trump's three-phase plan to reopen economy to take months

Federal officials have warned that some social distancing measures may need to remain in place through to the end of the year to prevent a new outbreak.




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Now is the worst time to cut World Health Organisation funding

After a disaster there is a search for someone to blame but reckless vengeance can be as bad as the original calamity.




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In a time of coronavirus, Iran parades medical gear, not missiles

It was a far cry from the typical Army Day parades, which normally feature spectacles of infantry, missiles, and armoured vehicles.




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Encouraged by Trump, protesters pressure governors over lockdown

Governors eager to rescue their economies and feeling heat from President Donald Trump are moving to ease restrictions despite warnings from experts.




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Pandemic gives Arthur Sinodinos 'baptism of fire' as US ambassador

Our man in Washington is making new friends at a safe distance.




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'Armed bandits' kill dozens in north-west Nigeria

Police said some of the gunmen wielded AK 47 guns in the attacks on villagers.




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Coronavirus likely of animal origin, not made in a lab: WHO

All available evidence suggests the novel coronavirus originated in animals in China and was not manipulated or produced in a laboratory, the WHO says.




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Coronavirus study shows more deaths, no benefit from Trump's drug treatment suggestion

Researchers did not track side effects, but noted a hint that hydroxychloroquine might have damaged other organs, too.




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‘Premier League will not be able to satisfy every club’

Former Manchester United and England defender Rio Ferdinand believes there is no viable resolution to the resumption of the 2019-20 season that will satisfy all 20 Premier League clubs. Top-flight clubs are understood to have been told that the use of eight to 10 neutral grounds is the only way...

The post ‘Premier League will not be able to satisfy every club’ appeared first on Cyprus Mail.




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COMMENTARY: Oil is not ‘dead’ despite the eagerness of some to write its obituary

The prime minister will hopefully continue to ignore those who claim the oil and gas industry is dead, Rob Breakenridge says.




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New Brunswick reports no new cases of COVID-19 on Saturday

On Friday the province conducted 397 COVID-19 tests. Since the outbreak began New Brunswick has conducted a total of 17,426 tests.




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Colleagues honour NHS nurse who died after contracting Covid-19

Two-minute silence held for father-of-four Augustine Agyei-Mensah, a highly regarded learning disabilities nurse

Tributes have been paid to a learning disabilities nurse who died after testing positive for coronavirus.

Augustine Agyei-Mensah, known to his colleagues as Gus, was described as a “highly regarded team member” at Northamptonshire Healthcare NHS foundation trust (NHFT).

Continue reading...




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Virat Kohli, Sara Ali Khan, Ayushmann Khurrana, Kriti Sanon speak against misinformation

Virat Kohli, Kriti Sanon, Ayushmann Khurrana and Sara Ali Khan joined forces for a video




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Arjun Kapoor nostalgic about shooting for movies during global pandemic

Arjun Kapoor shared a gut-wrenching post, wherein he reminisced about his life as an actor




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Rekha on why Amitabh Bachchan did not admit to having an extramarital affair with her

Rekha and Amitabh Bachchan and their longstanding history together is no news for fans




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VE Day 75th anniversary: As war ends in Europe, 'no wonder people went crazy'

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Coronavirus: Denmark and Norway further relax COVID-19 restrictions

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Clear skies, family time and no more commuting: meet the Europeans who don't want lockdown to end

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'Long live Europe, our home' - European leaders celebrate Europe Day in renovated cooperation spirit

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PML-N terms NAB Multan notice to Shahbaz ridiculous

LAHORE: Pakistan Muslim League-N Secretary Information Marriyum Aurangzeb has termed the allegations, levelled by National Accountability Bureau Multan, and the notice issued to Shahbaz Sharif...

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Pakistan announces first flight to repatriate stranded students from Wuhan

ISLAMABAD: Special Assistant to the Prime Minister for Overseas Pakistanis Zulfi Bukhari announced Friday that Pakistan would sent its first flight on May 18, 2020 to repatriate students from Wuhan,...

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Telenor contracted for providing hi-speed broadband in Sanghar

ISLAMABAD: The Universal Service Fund awarded contract worth PKR 588 million to Telenor Pakistan for providing hi-speed broadband in Sanghar Lot .The Federal Minister IT& Telecom, Syed Amin ul...

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Ryan Reynolds opens up about Dwayne Johnson and Gal Gadot starrer 'Red Notice'

Ryan Reynolds said: "I’m guessing we might’ve finished the movie if we didn’t spend most of the time in laughing around.”