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Japanese Sapporo 'lagar' beer to hit shelves despite misspelling

A new Japanese beer will hit the shelves next month despite a misspelling on its logo as "lagar," its maker Sapporo Breweries Ltd. has said, after the error set social media abuzz and drew consumer support.

Airbnb CEO says travel never going back to the way it was before pandemic

Airbnb Chief Executive Officer Brian Chesky on Thursday (Jan. 14) predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting friends and family.

Intel Ousts CEO and names successor

Intel has named Pat Gelsinger as its new chief executive officer, replacing Bob Swan after a rocky two-year run. The chipmaker recruited Gelsinger from software firm VMWare, calling him a "highly respected CEO and industry veteran" in a release. Gelsinger, who has been VMWare's CEO for about the past decade, will take the helm at Intel on February 15.

Xi encourages Starbucks to help promote China-US ties

Chinese President Xi Jinping has encouraged Howard Schultz, Starbucks Corporation's chairman emeritus, and the company to continue to play a positive role in advancing China-U.S. economic and trade cooperation and bilateral ties. In a reply letter to Schultz on Jan. 6, Xi stressed that under the leadership of the Communist Party of China, the 1.4 billion Chinese people have made long-term and arduous efforts to build a moderately prosperous society in all respects and pursue socialist modernization.

HK ranks as 2nd largest IPO market in 2020

Hong Kong remained a popular fund-raising center for global businesses last year as the funds raised through initial public offerings (IPOs) in its stock exchange ranked the second-largest globally only after Nasdaq. Hong Kong Exchanges and Clearing Limited (HKEX) has unveiled in its annual market statistics report that IPO equity funds raised in 2020 stood at 51.28 billion U.S. dollars, up 26.5 percent year on year.

Boeing reports steep drop in 2020 deliveries, backlog

Boeing Co. delivered about 60 percent fewer aircraft to customers in 2020 than 2019 and less than one-third of the deliveries of rival Airbus, the lowest in 43 years, company data showed on Tuesday (Jan. 12).

Major companies suspend political donations to GOP

Republicans in the U.S. Congress are facing increasing blowback from major companies that announced they would temporarily suspend donations to those who objected to the Electoral College's votes last week, based on false claims of voter fraud pushed by President Donald Trump.

US businesses oppose call for keeping tariffs on China

The cost of U.S. tariffs on China has far exceeded any benefits derived from them, so the incoming administration in Washington should roll them back, a major American business group said on Monday (Jan. 11) as the United States' trade chief advised President-elect Joe Biden to retain the punitive measures on China.

Smart Talk | As crypto market at its hype, how does Blockchain shake up various industries?

The price of Bitcoin spiked to a record high of over US$40,394 last week, which helped push the overall value of the cryptocurrency market topped above US$1 trillion for the first time ever. However, taking the previous price changes as a reference, the cryptocurrency’s surge has always been accompanied by its trademark volatility.

China's Baidu to create intelligent EV company with automaker Geely

China's search engine giant Baidu Inc said it will set up a company to partner with carmaker Zhejiang Geely Holding Group to make smart electric vehicles (EV), Baidu said in a statement on Monday (Jan. 11).

Tesla hunts for design chief to create cars for China

Tesla Inc is searching for a design director in China, part of efforts to open a "full-function" studio in Shanghai or Beijing and design electric cars tailored to Chinese consumer tastes, according to three people with knowledge of the matter.

Delisting of products due to US sanctions will not affect HK market: HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) said on Sunday (Jan. 10) that the decision to delist some structured products by some issuers, as a direct result of the U.S. imposed sanctions, will not have a material adverse impact on Hong Kong's structured products market, the largest in the world with over 12,000 listed products.

IMF projects China's economy to grow by 7.9% in 2021

China's economy is projected to expand by 7.9 percent in 2021 following 1.9 percent growth in 2020, as economic activity continues to normalize and domestic COVID-19 outbreaks remain under control, the International Monetary Fund (IMF) said Friday (Jan. 8).

China's economy to keep recovering with proactive fiscal policy

The epidemic-induced lockdowns loomed over China's economy in the first half of 2020, but with quick emergency response and the government-aided stimulus package, the country's economy roared back.

Elon Musk becomes world's richest person

Elon Musk, the maverick boss of Tesla, has overtaken Amazon's Jeff Bezos to become the world's richest person, after shares in the electric car company he co-founded soared on hopes that a Democrat-controlled US Senate would usher in a new green agenda. A 4.8% rise in Tesla's share price was enough to push Musk into the top spot according to the Bloomberg billionaires index, which tracks the daily changes in the fortunes of the world's 500 wealthiest people.
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