“The root cause of Hong Kong’s problem is still there, particularly (as) Beijing is very assertive about Hong Kong’s situation,” Wu told CNBC’s “Capital Connection.” Hong Kong pro-democracy parties took 390 out of 452 district council seats — winning nearly 90% of the seats, according to Reuters which cited local broadcaster RTHK on Monday. That’s almost double the number in the previous election four years ago, according to Reuters. Hong Kong, a former British colony, has been operating under t

Uber’s logo displayed on a smartphone by a taxi rank in London, U.K., on Dec. 22, 2017. Chris J. Ratcliffe | Bloomberg via Getty ImagesUber has been stripped of its license to operate in London, as the local transport regulator said it was “not fit and proper.” Transport for London said Monday that it would not renew the San Francisco-based ride-hailing giant operator’s license, citing a “pattern of failures” that had “placed passenger safety and security at risk.” TfL had first suspended Uber’s

Charles Schwab on Monday announced plans to buy discount brokerage rival TD Ameritrade in an all-stock deal valued at $26 billion. As part of the agreement, Ameritrade stockholders will receive 1.0837 Schwab shares for every share held. Shares of TD Ameritrade ticked 1% lower to $47.82 in premarket trading, while Schwab shares fell 2.7% to $46.90. The merging of the two biggest publicly traded discount brokers will create a mammoth with more than $5 trillion in client assets, $3.8 trillion from

Conservative manifesto gives UK’s Johnson a strong position: ProfStefan Auer of the University of Hong Kong says the U.K.’s Conservative Party election manifesto delivers a clear message. He also says Prime Minister Boris Johnson is “smart” to promise to deliver on domestic agendas as well as Brexit.

U.S. stock index futures were slightly higher Monday morning. ET, Dow futures rose 78 points, indicating a positive open of more than 91 points. Futures on the S&P and Nasdaq were both seen marginally higher. Market focus is largely attuned to global trade developments, as investors continue to closely monitor a long-running dispute between the world’s two largest economies. Agilent, Palo Alto Networks and PVH are among some of the companies set to report their latest quarterly results after mar

U.S. President Donald Trump and Chinese President Xi Jinping at the G20 Summit in Hamburg, Germany on July 8, 2017. Saul Loeb | AFP | Getty ImagesAn ambitious “phase two” trade deal between the United States and China is looking less likely as the two countries struggle to strike a preliminary “phase one” agreement, according to U.S. and Beijing officials, lawmakers and trade experts. We can wait,” one Chinese official told Reuters. “As soon as we finish phase one we’re going to start negotiatin

Singapore former opposition politician Brad Bowyer on Monday corrected a Facebook post questioning the independence of state investment funds following a government request, in the first use of a new “fake news” law. Bowyer said he had placed a correction notice with a link to the government statement above his Facebook post following a request to do so under the Protection from Online Falsehoods and Manipulation Act (POFMA). Bowyer, a naturalized Singaporean born in Britain, has been a member o

Feng Xingya, President and Executive Director of Guangzhou Automobile Group, speaks at CNBC East Tech West on November 18, 2019 in Nansha, Guangzhou, China. Zhong Zhi | Getty Images News | Getty ImagesNANSHA, China — As trade tensions between China and the U.S. ramp up, many Chinese companies — once with ambitious plans to expand into the U.S. market — have been quietly scaling back. On May 10, the U.S. boosted tariffs from 10% to 25% on $200 billion worth of Chinese goods, including vehicle and

Vincent Van Gogh painted “Café Terrace at Night” in Arles, France. The famous cafe depicted in Van Gogh’s “Café Terrace at Night.” They include “Café Terrace at Night” and “Starry Night over the Rhône” as well as his Langlois Bridge series, Bedroom in Arles series and the second of his Sunflower paintings series. One of several oil paintings in Van Gogh’s Langlois Bridge at Arles series. Roman antiquities, medieval monumentsTwo thousand years before Van Gogh’s time, Provence was part of the Roma

ReutersChina’s slowing growth rate should not be a worry but an unresolved trade war between the world’s two largest economies should be, Paul Gruenwald, chief economist at S&P Global Ratings, told CNBC on Monday. In fact, the strained trade relationship is putting a greater dent on global growth than the direct impacts of tariffs he argued. “All the uncertainty around U.S.-China (trade relationship) is putting a damper on investments. Uncertainty looms over the trade warAs the trade war intensi

Why are mainland Chinese buying more Singapore apartments than in recent years, given that the 20 per cent foreign buyer taxes? Chmiel said that the boost in Singapore is from “mainland Chinese money that might otherwise have been channeled to Hong Kong, or Hong Kong money looking for offshore diversification.” Chinese investors have often been blamed for driving up housing prices in Hong Kong. Despite those steep fees, Chinese investors are still pouring money into what they perceive to be a sa

Local residents celebrate as Junius Ho Kwan-yiu loses in District Council Elections, outside a polling station on November 25, 2019 in Hong Kong. Hong Kong’s democrats scored a landslide majority in district council elections, which saw a record turnout after six months of anti-government protests, increasing pressure on the Chinese-ruled city’s leader on Monday to listen to calls for democracy. Hong Kong’s pro-Beijing chief executive, Carrie Lam, said in a statement the government respected the

LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.2 billion, in a move that will give the company more access to U.S. luxury consumers. It said it would also “transform LVMH’s Watches & Jewelry division and complement LVMH’s 75 distinguished Houses.” LVMH has built up a large portfolio of luxury brands across different retail sectors, from fashion to perfume. Some of its well-known brands include Moët & Chandon, Dom Perignon, Givenchy and Louis Vuitton. The boards of b

European markets traded higher on Monday morning, with investors hopeful of progress in the U.S.-China trade dispute. However, he also emphasized that Washington would not turn a blind eye to the Hong Kong protests. In Asia, shares rose as traders monitored the outcome of the Hong Kong vote. In corporate news, France’s LVMH confirmed that it has reached a deal to buy U.S. luxury jeweler Tiffany & Co. for $16.2 billion. LVMH shares rose by 1.4% in early trade, while Tiffany’s German-listed shares

Shares in Asia were higher on Monday, as investors reacted to Hong Kong’s district council elections amid months of civil unrest in the city. Hong Kong’s Hang Seng index led gains among major markets regionally as it jumped 1.5% to close at 26,993.04, with shares of life insurer AIA surging 3.62%. The moves came after pro-democracy candidates surged to a landslide victory following a record voter turnout, Reuters reported. One analyst said the development was a “stunning victory” for pro-democra

Tim Berners-Lee, the creator of the World Wide Web, is officially launching his plan to “fix” the internet. The World Wide Web Foundation, a non-profit campaign group set up by Berners-Lee, has secured the backing of tech giants Facebook, Google and Microsoft for the scheme, dubbed the “contract for the web.” The British computer scientist first outlined his vision to overhaul organizations’ approach to the internet at the Web Summit event last year. The contract calls on companies to respect co

“Minecraft” with Nvidia’s ray tracing turned on. “Minecraft” with Nvidia’s ray tracing turned on. “Minecraft” with Nvidia’s ray tracing turned on. Mojang | NvidiaAnd here’s a comparison of what it looks like when ray tracing is applied:”Minecraft” with Nvidia’s ray tracing turned on. “Minecraft” with Nvidia’s ray tracing graphics applied.

It seems that every day there’s a new rumor about the next game from Grand Theft Auto studio Rockstar Games. Sometimes the rumors claim that Rockstar’s next game is Grand Theft Auto 6, and other times they swear it’s Bully 2. Rarely do the rumors point to a new IP, but that’s exactly the case with a new rumor making the rounds online, claiming that Rockstar’s next game will have a medieval setting. According to their “source,” Rockstar’s medieval game is aiming for release in Q1 of 2021, with an

Share Tweet Email Copy Link CopiedCall of Duty: Modern Warfare doesn’t look to be in a very good place at the moment. advertisingThis meme follows on the heels of a recent update that Infinity Ward released for Modern Warfare. advertisingSkill-based matchmaking, ludicrous spawns, and lackluster scoreboards are just some of the few issues the community has with Modern Warfare. advertisingCall of Duty: Modern Warfare is out now for PC, PS4, and Xbox One. MORE: Is Call of Duty: Modern Warfare’s 725

Capcom’s previously confirmed that Monster Hunter World: Iceborne would receive another content update featuring a brand new monster during 2019. That monster is now confirmed to be Stygian Zinogre, an endgame encounter that should challenge the strongest of Monster Hunter World players. Stygian Zinogre first appeared in Monster Hunter 3 Ultimate, with reappearances in Monster Hunter 4 and Monster Hunter 4 Ultimate. The second teaser is a photo of what some Monster Hunter World: Iceborne players