Daily Archives: 2019-11-02

Tear gas as thousands defy police in latest Hong Kong march

by Su Xinqi and Catherine Lai Hong Kong police fired tear gas and water cannon Saturday as thousands of pro-democracy protesters hit the streets, defying authorities with another unsanctioned march after Beijing vowed to tighten its control over the unrest-plagued city. Crowds of black-clad protesters, many wearing face masks despite a recent ban, filled Causeway Bay, a popular shopping district, …

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Malaysia rejects ‘less than $2bn’ Goldman offer over 1MDB

Malaysia rejected a compensation offer of “less than $2 billion” from Goldman Sachs for the role of its subsidiaries in the multi-billion-dollar 1MDB scandal, an aide to the country’s prime minister said Saturday. Huge sums were stolen from Malaysian state fund 1MDB in a fraud allegedly involving former prime minister Najib Razak and his cronies, and spent on everything from …

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TB drug price slashed in global push to thwart killer disease

by Glenda KWEK A pharmaceutical multinational on Thursday slashed the price of a key anti-tuberculosis drug boosting the battle against the world’s deadliest infectious disease, as a new treatment was also set to begin extensive testing. The initiatives came as the United Nations seeks to galvanise the campaign against TB, which killed 1.5 million people worldwide last year and saw 10 …

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Protest leader calls on Pakistan PM to resign in 48 hours

by Zain ZAMAN / Muhammad DAUD Tens of thousands of Islamists rallied alongside opposition supporters in Pakistan’s capital Friday, as the firebrand cleric leading the protests called on Prime Minister Imran Khan’s government to step down within 48 hours. The so-called “Freedom March” is being led by Khan’s long-time rival Maulana Fazlur Rehman, who heads one of the country’s largest …

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Indian state cancels agreement with Temasek-linked consortium to develop Amaravati capital

The Amaravati capital project was formally scrapped by the new Andhra Pradesh government on Wednesday (30 Oct), terminating the agreement with the Singapore consortium consisting of Temasek-linked companies. The Singapore consortium had been involved in the Amaravati project since the beginning of 2014. Surbana Jurong submitted the city’s masterplan in 2015, and a consortium of Ascendas-Singbridge (now under CapitaLand) and …

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Hong Kong plunges into recession as protests, trade war take toll

by Jerome TAYLOR Hong Kong on Thursday confirmed it had plunged into its first recession since the global financial crisis as months of seething pro-democracy protests and the US-China trade war exact a heavy toll on the financial hub. The semi-autonomous Chinese city has been upended by nearly five months of huge, often violent, pro-democracy demonstrations with little end in …

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