Monthly Archives: November 2019

TRUMP SIGNS HONG KONG HUMAN RIGHTS BILL, IGNORING CHINA’S WARNINGS

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US President Donald Trump on Wednesday signed into law legislation that could bring diplomatic action and economic sanctions against Hong Kong, brushing off multiple warnings by China against such a move. “The Hong Kong Human Rights and Democracy Act reaffirms and amends the United States-Hong Kong Policy Act of 1992, specifies United States policy towards Hong
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BRICS NATIONS DISCUSS SHARED CRYPTO TO BREAK AWAY FROM USD AND SWIFT

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Brazil, Russia, India, China and South Africa, or the BRICS economic bloc, are engaging in discussions to issue cross-national digital money in order to reduce the dependence of their economies on the United States, as reported by Cointelegraph on Nov. 14. What will the new cryptocurrency look like, how does the BRICS group plan to
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“They are willing to go on credit to buy luxury goods,” said Levato. “For the moment we don’t see a true economic risk linked to China.” In another significant trend for global luxury, Bain said jewelry sales were on track to grow by 9% at constant currencies in 2019, making this one of the fastest-growing pockets of the industry – and highlighting a major driver for LVMH’s $16.2 billion takeover of Tiffany.

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China warned the United States on Thursday that it would take “firm counter measures” in response to U.S. legislation backing anti-government protesters in Hong Kong, and said attempts to interfere in the Chinese-ruled city were doomed to fail.U.S. President Donald Trump on Wednesday signed into law congressional legislation which supported the protesters, despite angry objections
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Hong Kong loses luster for luxury brands as mainland China shines: Bain

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Luxury brands are likely to retreat from Hong Kong as the city is wracked by protests at a time when wealthy Chinese shoppers are staying on the mainland, consultancy Bain said on Thursday, highlighting a shift that is reshaping the global industry.Sales growth for companies making goods like jewelry, high-end fashion or handbags would come
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