China reiterates support for Hong Kong government on extradition law
China’s central government firmly supports the Hong Kong government in passing an extradition law allowing people to be sent to mainland China for trial, the foreign ministry reiterated on Wednesday.
Explainer: Why proposed changes to Hong Kong’s extradition law are fueling protests
Cracks have appeared in the support base for a proposed Hong Kong law to allow extraditions to China, with local media reporting the city’s government will suspend the bill after widespread anger and violent protests.
Heated Hong Kong protests dent stocks, spike cash demand
Hong Kong’s financial markets came under pressure on Wednesday, with stocks falling and demand for cash surging, as protesters clashed with police during a mass demonstration against legislation that would allow citizens to be extradited to China.
Hong Kong police fire rubber bullets as protests turn to violent chaos
Hong Kong police fired rubber bullets and tear gas at demonstrators who threw plastic bottles on Wednesday as protests against an extradition bill that would allow people to be sent to mainland China for trial turned to violent chaos.
BAT warns of steeper declines in cigarette sales, shares slip
British American Tobacco (BAT), the world’s No. 2 tobacco company, on Wednesday warned of steeper declines in cigarette sales globally mainly due to waning demand in its main U.S. market, sending its shares lower.
Philip Green’s Arcadia faces key vote as administration looms
Creditors will decide the fate of Philip Green’s Arcadia group and its 18,000 workers at a vote on Wednesday on a sweetened restructuring plan to save the British fashion retailer.
ABN AMRO fund invests in financial crime detection firm ThetaRay
ABN AMRO’s Digital Impact Fund said on Wednesday it has taken a stake in ThetaRay, an Israeli provider of big data analytics to combat financial cybercrime and operational failures.
Motorbike taxi firms rev up for race into West Africa
Motorcycle taxi companies are expanding in West Africa with backing from investors betting that the meteoric rise of two-wheeled taxi firms in Asia can be replicated in some of the fastest growing countries in the world.
Facebook to create 500 jobs in new London engineering center
Facebook will create 500 new tech jobs in London by the end of 2019, including 100 roles in artificial intelligence, with many working on systems to detect and remove malicious content, fake accounts and harmful behavior, it said on Wednesday.
Dassault Systemes targets life sciences with $5.8 billion Medidata deal
France’s Dassault Systemes moved to build up its life sciences presence with a $5.8 billion cash deal to buy Medidata Solutions, a U.S. firm focused on clinical trials.
