Investors should pay attention to Fastly's recent quarterly figures, its market potential, and the company's hurdles.
A war of words between Australia and China has intensified, with the Chinese foreign ministry refusing to remove a tweet featuring a meme-like illustration of an Australian soldier appearing to murder a child.The image was posted on Twitter on Monday morning by Chinese foreign ministry spokesman Zhao Lijian, accompanied by the text: “Shocked by murder of Afghan civilians & prisoners by Australian soldiers. We strongly condemn such acts, & call for holding them accountable.”Foreign ministry spokeswoman Hua Chunying said she stood by her subordinate Zhao over the post, which drew an immediate and furious response from Canberra. Australian Prime Minister Scott Morrison also demanded the removal of the tweet.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.“Australia has already confirmed that their soldiers have committed serious war crimes in Afghanistan ... The details are shocking and their brutal behaviour has been strongly condemned by the international community,” Hua said.“Australia has shown a strong response to my colleague ... and said the Chinese government should feel ashamed. Shouldn’t Australia feel ashamed for sending their soldiers to commit such atrocities and killing innocent civilians in Afghanistan?” War crimes: Australian troops unlawfully killed 39 Afghans, report findsAsked whether the tweet should be deleted, Hua said it was between Twitter and Australia. She also asked for China’s comments not to be perceived as a result of the downward spiral in Sino-Australian relations.Twitter has not responded to an email inquiry from the South China Morning Post. The tweet has been pinned to the top of Zhao’s tweets.The Chinese ambassador to Australia, Cheng Jingye, has been summoned for a meeting with Australian officials, while Morrison also said Canberra’s embassy in China would make representations.In a press conference shortly after the tweet was posted, Morrison described the tweet as “falsified”, “repugnant” and “utterly outrageous”.Zhao’s tweet was referring to a war crimes inquiry finding earlier this month that Australian troops had killed civilians in Afghanistan. China and Russia have condemned Canberra over the Brereton report and called the Australian government hypocritical.The report found evidence Australian special forces committed at least 39 unlawful killings during the Afghanistan war in 2009-2013.Morrison said his government had reached out to Beijing and contacted Twitter to have the post removed. “Australia is seeking an apology from the Chinese government for this outrageous post,” he said. “We’re also seeking its removal immediately.”Morrison said the tweet could not be justified “on any basis whatsoever” and said the Chinese government should be “totally ashamed” of the post. China-Australia trade at ‘freezing point’ as 200 per cent wine duty looms“There are undoubtedly tensions that exist between China and Australia, but this is not how you deal with them,” he added.Sino-Australia relations have been in an intense downward spiral. Trade has been the most serious focus lately, with China taking a range of informal actions on a series of Australian products, including coal, timber, cotton, beef and wine.Zhao has become known for heated confrontations on Twitter with China’s critics. He earlier insinuated the US military may be responsible for the deadly coronavirus outbreak in the Chinese city of Wuhan, where the first cases were reported.This article China strikes back at Australian fury over war crime tweet first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
Despite high legal costs and a Singapore court ruling against her in a defamation suit filed by a surgeon, Serene Tiong has no intention of giving up the fight.
Iran said that Israel and an exiled opposition group used new and "complex" methods to assassinate its leading nuclear scientist, as it buried him Monday in a funeral befitting a top "martyr".
Fulham climbed out of the Premier League relegation zone on Monday after finally solving their penalty woes in a shock 2-1 win at Leicester, while West Ham rode their luck to move into fifth place with a dramatic 2-1 victory against Aston Villa.
Hong Kong authorities are warning of an even more severe fourth wave of coronavirus infections after identifying a new group of cases at three restaurants that may be linked to the ever-expanding “super-spreader” dance venue cluster.More than 10 servers, cleaners and patrons at the three restaurants – Stellar House in Wan Chai, 8½ Otto e Mezzo Bombana in Central, and Chuen Cheung Kui in Sheung Wan – have been confirmed sick, with authorities adding the venues to the mandatory testing list.The city recorded 115 new Covid-19 cases on Sunday, the highest daily increase since August 1, when it saw 125 new infections. Of those, 62 were linked to the dance venue cluster, bringing the city's largest coronavirus outbreak so far to 479 cases.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.“We have yet to find any epidemiological links between the cases from the three restaurants, but we won’t rule out the possibility that we have not found infected people who visited these places,” said Dr Chuang Shuk-kwan, head of the Centre for Health Protection’s communicable disease branch.“We are very concerned, because both staff and customers have been infected,” she added.It was difficult to determine exactly how the virus had spread within the restaurants, but authorities have classified the cases as a cluster because front-of-house servers, chefs, cleaners and patrons had all been infected, indicating an outbreak.It was possible for staff and customers to pass the coronavirus to each other, especially if they had been chatting, Chuang said.Hongkongers face hefty fines for ignoring Covid-19 test note from doctorChuang also did not rule out the possibility that the restaurant infections could be linked to the still-growing dance venue cluster, which is being regarded as a “super-spreader” group.“The dance cluster is so big, it is also likely the [restaurant cases] came from them, but we would still have to wait for the genetic analysis to be sure,” she said.“Looking at the situation now, it seems the fourth wave will be more severe than the previous one.”Chuang noted that people from the dance venue cluster also took part in other activities outside of dancing, such as teaching piano or classes at community centres, meaning they could have spread the virus to a wide range of people in society.Separately, a staff member at the Fong Shu Chuen Day Activity Centre and Hostel, operated by the Tung Wah Group of Hospitals, was also among Sunday’s infections, while a resident also tested preliminarily positive, prompting the evacuation of nearly 50 residents.The centre provides day training for people with intellectual disabilities, and Chuang said the situation sometimes made mask-wearing on the premises difficult. Dance off: the niche Hong Kong social scene behind city’s biggest Covid-19 clusterA staff member at another centre run by the Tung Wah Group in Tai Kok Tsui, the Ho Yuk Ching Willow Lodge, which provides care services to the elderly, has also tested preliminary positive for the coronavirus.Health authorities are still unsure if residents at the homes had left the centres at any time.Several schools will also have to shut down, including Saint Clare’s Primary School in Sai Ying Pun, where all staff and students must undergo testing after a 10-year-old student tested positive.St. Paul’s Co-educational College and Cho Yiu Catholic Primary School will also have to be closed temporarily, as they were attended by close contacts of confirmed infections.Sunday’s confirmed infections also included 24 with unknown origins, among them housewives who did not leave home much, and other individuals who had attended many social gatherings, Chuang said.She urged people to reduce any unnecessary gatherings and cancel dining events to minimise the chances of catching or spreading the virus to more people.More from South China Morning Post: * Hong Kong fourth wave: schools to close until after Christmas holidays as city confirms 115 new Covid-19 cases * Coronavirus: infection fears among Hong Kong’s wealthy as cases emerge in private clubs * Covid-19 patients in Hong Kong spreading infection to more people, expert warns, as new cases surge to 92 amid hospital outbreak fearsThis article Hong Kong’s fourth coronavirus wave ‘will be more severe’ than the last, authorities warn, as new restaurant cluster emerges first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
Cooperation between the United States and European Union is “all the more important” in the Indo-Pacific and Africa to counter growing Chinese influence in those areas, according to a new report by the chairman of the US Senate Foreign Relations Committee.This comes as the EU is reportedly planning to ask US President-elect Joe Biden’s incoming administration to seize a “once in a generation” opportunity to forge a new global alliance to meet the “strategic challenge” posed by China.Calls for a transatlantic alliance are on the rise in the US and Europe after Biden’s victory over Donald Trump, who has adopted a hostile attitude toward the EU and insisted on tackling China by Washington’s own means.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.A recently published report by Senator Jim Risch, a Republican from Idaho, says the US should work with the EU to foster private-sector investments in the Indo-Pacific area, especially in infrastructure projects, and to ensure maritime security in the South China Sea and the Indian Ocean.The report said the next steps “are to build upon the existing political will to cooperate in the region and to decide where to focus and what cooperation means in practice”.US-EU coordination has been much weaker in the Indo-Pacific than in Africa, according to the report.“The degree to which China can dominate the Indo- Pacific will have a direct impact on its ability to project power globally,” it said.“As both the United States and Europe increasingly prioritise the Indo-Pacific, transatlantic cooperation is forming in the region, though much more nascent than in Africa,” it added. Nato must focus harder on China’s military rise, urges reportMost Indo-Pacific countries are generally seen as a close security partner for the US, while Africa is considered by the EU as a “neighbour” because of the close geographical and security links.Beijing has made vast investments in Africa through the Belt and Road Initiative, while it recently signed the Regional Comprehensive Economic Partnership (RCEP) deal with most Asia-Pacific economies, creating the world’s largest free trade bloc.In another development, the Financial Times reported on Sunday that the European Commission, the executive arm of the EU, is preparing a detailed proposal to the US to form a new global alliance to meet the strategic challenges posed by China.The draft policy, titled “A New EU-US Agenda for Global Change”, proposes joining forces to shape the digital regulatory environment, including by adopting common approaches to antitrust enforcement and data protection, cooperating on screening of sensitive foreign investments, and working together to fight threats such as cyber-hacking, the British media reported.“As open democratic societies and market economies, the EU and the US agree on the strategic challenge presented by China’s growing international assertiveness, even if we do not always agree on the best way to address this,” it added.An EU spokesman did not respond to a request for comment.The paper, produced jointly by the commission and the EU’s high representative for foreign policy, is expected to be submitted for endorsement by national leaders at a meeting on December 10-11, according to the report. It suggests an EU-US summit in the first half of 2021 as the moment to launch the new transatlantic agenda.More from South China Morning Post: * China should be prepared in case relations with US get worse under Joe Biden, government adviser warns * Joe Biden’s foreign policy team to reject Trump’s ‘America First’ mantra * US-China relations: Trump fury is gone but Joe Biden more than capable of talking tough * ‘We’re a Pacific power’: Joe Biden faces pressure to hold hard line of defence against ChinaThis article US and EU should join forces to check China’s influence in Africa, Indo-Pacific, Republican senator proposes first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
Superstar Cher welcomed "the world's loneliest elephant" to Cambodia Monday to begin a new life at a specialised sanctuary after the creature was rescued from grim conditions in a Pakistani zoo.
The Ministry of Health (MOH) has confirmed another five COVID-19 cases in Singapore as of noon on Monday (30 November), taking the total to 58,218.
Mohsen Fakhrizadeh, the Iranian nuclear scientist whose assassination the Islamic republic has blamed on Israel, was little known before his death, but one thing is certain: he was important.
Britain has announced a new partnership with the Japanese telecoms firm NEC following its decision to ban the Chinese telecoms giant Huawei Technologies from its 5G network.On Monday, Digital Secretary Oliver Dowden said the British operators “must stop installing any Huawei equipment” from September next year — an earlier date than had been expected.The decision is part of Downing Street’s road map for the complete removal of high-risk vendor equipment from the UK’s 5G networks, alongside a new £250 million (US$333 million) strategy to diversify the telecoms market with plans for a National Telecoms Lab and trials with NEC.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.Next year the UK will hold the presidency of the Group of Seven nations, a platform it has hopes will expand to include South Korea, India and Australia. It has identified 5G technology as a promising field for collaboration between the 10 democracies, or D10.“Today I am setting out a clear path for the complete removal of high-risk vendors from our 5G networks,” Dowden said. Britain commits US$333 million to help carriers replace Huawei 5G“This will be done through new and unprecedented powers to identify and ban telecoms equipment which poses a threat to our national security. We are also publishing a new strategy to make sure we are never again dependent on a handful of telecoms vendors for the smooth and secure running of our networks,” he added.NEC is expected to deliver live 5G open radio access network (RAN) – a new way of building telecoms networks where components from different suppliers can be used in a single mobile network – within the UK in 2021.The British government decided to ban Huawei in July amid heightened tension with Beijing over the issue of Hong Kong and pressure from Washington, which views the firm as a security risk.Under the British government’s 5G plan, domestic phone companies will not be able to buy any new Huawei components for their 5G networks after the end of this year. All existing equipment made by the Shenzhen-based company will be removed from the 5G infrastructure by 2027.This article Britain turns to Japanese telecoms firm NEC after banning China’s Huawei from 5G network first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
CareShield Life covers some long-term care costs, but not all. With comprehensive benefits and higher payouts, rest easy knowing that you’re sufficiently covered by these top-notch CareShield Life supplements. When misfortune strikes and you are faced with disability, the last thing you need is financial […]The post Best CareShield Life Supplement Plans In Singapore (2020) appeared first on SingSaver Blog - We Compare, You Save.
US President Donald Trump's administration wages its last major policy fight before the Supreme Court Monday as it seeks to exclude undocumented immigrants from the population count used to determine states' representation in Congress.
ION Orchard and Marina Bay Sands Casino were among the new locations added to public places visited by COVID-19 cases recently.
The series is dedicated to inspirational men and women in Singapore leading healthy and active lifestyles. This week: presenter Jade Seah.
We sift out five companies with dividend yields that beat inflation.The post 5 Companies with Dividend Yields Above 5% appeared first on The Smart Investor.
A Turkish research ship at the centre of a row with Greece over potential gas riches in the eastern Mediterranean has returned to port, Turkey's energy ministry said Monday.
A thousand people took to the streets of the Armenian capital Yerevan on Sunday demanding the authorities take action to find soldiers missing in recent fighting with Azerbaijan over Nagorno-Karabakh.
Social media and smartphones briefly gave youthful Arab Spring protesters a technological edge that helped topple ageing dictatorships a decade ago as their revolutionary spirit went viral.
Americans should brace for a "surge upon a surge" in the coronavirus as millions of travelers return home after the Thanksgiving holiday, US government scientist Anthony Fauci said Sunday.
Three executives were acquitted of charges of defrauding Convoy Global Holdings in Hong Kong, dealing a blow to the financial regulator’s attempt to instil financial discipline and crack down on white-collar malfeasance in the world’s fourth-largest capital market.District Court Judge Ernest Lin Kam-hung cleared former Convoy director Roy Cho Kwai-chee of one charge of publishing false statements in the company’s 2016 annual report on March 29, 2017.Two of Cho’s associates, former chief financial officer Christie Chan Lai-yee, 48, and former executive director Byron Tan Ye-kai, 52, were also found not guilty of charges. The three were charged with attempting to defraud HK$89 million from Convoy to buy a company linked to Cho.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.Convoy, one of the largest advisers of Hong Kong’s Mandatory Pension Fund (MPF) is a crucial piece in the so-called Enigma Network of companies, a cluster of interrelated companies with layers of overlapping shareholdings that have resisted regulatory crackdowns. Hong Kong’s financial regulator has mounted a multi-year campaign to bring the network down on suspicions of fraud, market manipulation and corporate malfeasance.SCMP Explainer: Who’s who in Hong Kong’s Enigma Network of companiesConvoy is one of the largest independent financial advisers in Hong Kong, with more than 100,000 customers. Trading in Convoy‘s shares has been halted since December 2017, and its management has changed after the investigation by the city’s Independent Commission Against Corruption (ICAC) and the Securities and Futures Commission (SFC) went public.The company had filed a number of civil lawsuits against Cho and his associates in 2017 and 2018 over HK$4 billion (US$516 million) that was allegedly pilfered from Convoy, including a suit seeking HK$715 million in compensation. Those cases are pending.Cho, 56, was born in India and moved to Hong Kong with his family while in his teens. He undertook medical studies at the University of Hong Kong and eventually qualified as a doctor. Known as “Dr. Cho” by acquaintances and others in the financial industry, he is an active trader of the city’s penny stocks, and was also involved in philanthropic work, including a US$3.2 million donation in 2016 to the Hong Kong University of Education.During the hearing, an ICAC representative told the court that Cho and his associates colluded to have Convoy spend HK$89 million to acquire True Surplus International, an investment company, in September 2016. With the help of his associates, Cho was able to hide the fact that he was a substantial shareholder in Convoy at the time. He was also able to hide the fact that he had a 55 per cent shareholding in True Surplus. The stock exchange was also not aware of the fact that Cho received HK$57 million from the deal, according to the ICAC.The prosecutor failed to bring any evidence – such as mobile phone records – to show collusion by the accused to commit a crime, the judge said today in his verdict at District Court in Wan Chai.“Any problem in Cho not disclosing information of the deal should be the responsibility of the whole board of directors, not just the three [defendants] in this case,” Mr Justice Lin said in his verdict, in Cantonese. “Overall, the prosecutor cannot provide evidence beyond reasonable doubt on the two charges on the three defendants. I rule to acquit all charges.”The three defendants were on bail before the verdict. They left the court separately after the acquittal. Cho allowed scores of reporters and photographers to take picture but did not answer any question.“Thank you for all your hard work,” Cho said as he walked out of the court free from three years of investigations and a year of criminal proceedings.The court adjourned its proceedings for the day, releasing all three defendants from custody, for court fees to be determined on December 7.“The ICAC will continue to collaborate with relevant regulatory bodies to combat corruption and related crimes in the financial sector so as to uphold the integrity of the market, maintain a level playing field for businesses, and Hong Kong’s status as an international financial centre,” the anti-graft agency’s spokeswoman said in a statement, adding that the ICAC will study the verdict in consultation with Hong Kong’s justice department before deciding whether to appeal.Today’s acquittal followed a boardroom tussle last week, when Convoy’s second-biggest shareholder Kwok Hui-kwan failed in his second attempt since 2017 to remake the board and management of the company.Convoy is managed by directors and executives backed by the family of Richard Tsai, who paid HK$1.5 billion for a 29.98 per cent stake in a placement of new shares in October 2015 and became its largest shareholder.Kwok, 29, is the son of Kwok Ying-shing, founder of Shenzhen-based developer Kaisa Group Holdings. He spent HK$800 million for his 29.91 per cent stake in Convoy in mid-2017, making him the second-largest shareholder, according to sources.The tussle is the second attempt by Kwok to wrest control of Convoy from the Tsai family when his votes were excluded from a tally. He wants to replace the entire 12-member board with six new candidates including former secretary for financial services and the treasury Frederick Ma Si-hang and legislator Abraham Shek Lai-him.A shareholders’ meeting at Convoy’s Wan Chai office was stopped 10 minutes on November 26 after proceedings began and before votes could be counted. The company said it would postpone the shareholders meeting until January, according to a stock exchange filing.The war of words among the two major shareholders continue. Convoy issued an announcement late last Thursday claiming it had suspended the meeting due to the disruption by Kwok’s representative. Kwok hit back in a paid-advertisement in half a dozen of newspaper on Monday, claiming his representative has done nothing wrong.Convoy has not released its financial statements since the middle of 2017, and has not held any annual meetings among shareholders since then. The stock exchange earlier this year has decided to delist its shares, but the company is appealing against the decision.More from South China Morning Post: * Convoy stymies second-largest shareholder’s bid for board seat, repelling boardroom coup as court verdict looms on fraud case * Mystery buyer attempts to acquire major Convoy shareholder’s stake ahead of crucial vote, court ruling * Roy Cho, alleged mastermind of Hong Kong’s biggest fraud case, denies fresh charge of deceiving staff at Convoy as trial gets under wayThis article Hong Kong court acquits Roy Cho and associates in Convoy’s fraud case, dealing blow to regulator’s crackdown on white collar crime first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.