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Hong Kong’s New World Development replaces CEO after two months
Hong Kong property developer New World Development said on Friday that Eric Ma will step down as chief executive officer after having spent just two months on the job.The sprawling business empire, run by Hong Kong’s third-richest family, reported an annual loss of over US$2.5 billion in late September. Former Hong Kong development minister Ma took …
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Japan government approves $92 bn extra budget
Japan’s unpopular minority government approved on Friday an extra budget to help pay for a massive stimulus package after the ruling coalition’s worst election result in 15 years.The hoped-for lift to the economy is also aimed at boosting Prime Minister Shigeru Ishiba’s popularity after a gaffe-riddled start including an embarrassing video of him eating.The extra …
WTO chief faces heavy task as Trump threat looms
World Trade Organization chief Ngozi Okonjo-Iweala is expected to be reappointed Friday for a second term, in the shadow of the coming return of Donald Trump and his disdain for international trade rules.Okonjo-Iweala, the first woman and the first African to head the WTO, is the only candidate in the race, paving the way for …
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