This diabetes-focused healthcare company and financial services giant are ready to reward their shareholders.
Canadian Prime Minister Justin Trudeau declined Friday to comment on the possibility of a US deal with Chinese tech giant Huawei that could see its detained finance chief Meng Wanzhou allowed to return to China.
Security camera footage showing the moment a university student fell to his death inside a Hong Kong car park as a protest took place nearby has been discovered by an inquest looking into last year’s incident.The previously unseen footage, which was described on Friday by Coroner Ko Wai-hung as “very crucial”, was the first identified visual of the moment Alex Chow Tsz-lok fell from a multistorey car park in Sheung Tak Estate, in Tseung Kwan O, on the morning of November 4, 2019.Its discovery could help the court assess the accuracy of previous testimony about the time and location of the incident, as well as influence forensic experts’ analyses in the evidence to follow.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.The video clip, which was taken from a surveillance camera installed at Kwong Ming Court, a housing estate next to the car park, showed a black shadow descending from the building. But it was not clear enough to show the events preceding the fall.“It appears that the black shadow in the footage is Tsz-lok,” Ko said.Chow, 22, who studied at the Hong Kong University of Science and Technology, suffered extensive skull fractures, as well as bruises and swelling to his body after the fall. He died in hospital four days later.Previous security footage at the car park last showed Chow walking towards the building’s third floor at 1:01.39am, when police officers were dispersing anti-government protesters at a nearby demonstration, but was unable to show the moment of the fall.A police detective responsible for reviewing security footage earlier testified he found no useful materials from Kwong Ming Court.But on Thursday, Ko revealed the discovery of the footage at the residential complex, which could largely shake up the course of the court inquiry. Student who died in car park fall unlikely to have lost balance, inquest toldThe new footage gave the time of the fall as 12:51.37am, but Ko said that record was “obviously not the real time”, adding he had directed forensic experts to ascertain the precise time and landing point of the fall based on the footage.Chow’s father, Chow Tak-ming, said outside court the new footage represented “one huge step towards the truth”.He said he did not expect a breakthrough in the investigation from security footage initially discarded by police, but declined to comment on whether investigators had been negligent.“Frankly speaking, at this moment, it does not matter who is right and who is wrong, and whether anybody has not done their job properly,” Chow said. “I am actually happy to learn about the coroner’s discovery, which may be one huge step towards the truth.”He issued another public appeal, calling for residents at Kwong Ming Court who had knowledge about the fall to help the investigation.Meanwhile, the coroner revealed that a separate security video, also discovered on Thursday, suggested government paramedics who previously testified had been wrong about the time they took Chow to hospital.He stopped short of detailing what was in that footage, but said he had invited the director of fire services to hire legal representatives to attend the proceedings.He adjourned the proceedings to next Tuesday to allow time for police to investigate further. He added that the inquest, originally slated for 25 days, might overrun in light of the latest developments.More from South China Morning Post: * Hong Kong student who suffered fatal injuries in car park fall near protest site last year was unlikely to have lost balance, inquest hears * Hong Kong court could turn to virtual reality to help inquest jury uncover truth behind student’s death, source saysThis article Hong Kong protests: new security camera footage shows moment student fell to his death from car park first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
Meet Arthur, an esports talent in Dota 2 who also has experience as a coach, caster, analyst and team manager!
China will have 600 million doses of Covid-19 vaccines ready for market this year and will make “a major announcement” soon, a scientist in charge of vaccine development said on Friday.Wang Junzhi, from the Chinese Academy of Engineering and also deputy head of an expert task force on vaccine development under the State Council, made the remarks at a briefing in Wuhan.“Regarding the development of Covid-19 vaccines, there will be a major news announcement in the coming one to two weeks. It’s at the final stage now,” Wang said.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.“As planned, there will be 600 million doses of inactivated vaccines ready for market launch this year.”Inactivated vaccines use a conventional technique that involves killing off the virus in a lab and using it to trigger an immune response. Two such vaccines developed by China National Biotec Group (CNBG) and a third by Sinovac Biotech are in the final stage of clinical trials in South America, the Middle East and Asia but the drug makers have yet to release any of the phase 3 data needed for full regulatory approval.The companies have already built the required high-level biosafety facilities and scaled up production.Wang said China had the technology and standards in place to produce vaccines in such facilities, adding “that’s why our inactivated vaccines are leading the world”.The US vaccine initiative, Operation Warp Speed, does not include the inactivated technique because of safety concerns.Sinovac has already shipped more than 1.12 million doses of its vaccine to Brazil, where it is conducting a phase 3 trial, ahead of its interim data being reviewed before it can be approved.In India, the Serum Institute, the world’s largest vaccine maker, also started mass-producing a vaccine developed by Oxford University-AstraZeneca before it was approved or proven to be effective.Wang did not give details of the 600 million doses, but previous media reports have said the two facilities under CNBG could supply 100 million doses this year with potential for 300 million by expanding existing capacity. Sinovac could also reportedly supply 100 million doses of its vaccine this year. China tells recovered Covid-19 patients to wait six months before giving bloodTwo other vaccines developed in China – by CanSino and Anhui Zhifei Longcom Biopharmaceutical – are also in the final stage of human trials and the companies have said they could produce 100 million to 300 million doses this year, depending on demand.The CNBG and Sinovac vaccines were authorised for emergency use at the end of July, and they have already been given to about 1 million Chinese deemed high-risk – including people working in health care, those in contact with overseas arrivals and essential workers.Several provinces have started the procurement process for these vaccines, including Zhejiang, Sichuan and Jiangsu.While the Chinese vaccine makers have yet to reveal data, a vaccine developed by US company Pfizer and German firm BioNTech and another by US drug maker Moderna have shown high efficacy in their phase 3 trials.Britain on Wednesday approved the Pfizer-BioNTech vaccine for emergency use starting next week, and it is expected to be approved in the United States and Europe in the coming week. Pfizer aims to provide 50 million doses globally this year. Moderna meanwhile said it expected to have between 100 million and 125 million doses of its experimental vaccine available globally in the first quarter of 2021.Wang’s remarks came after Vice-Premier Sun Chunlan, who is in charge of health in China, on Wednesday visited a vaccine maker under CNBG, as well as Sinovac, and the national agency that oversees vaccines in Beijing.She told the drug makers they should “scientifically and rigorously” advance their phase 3 trials and “be prepared” for mass production of vaccines. She said vaccination of all high-risk groups should be completed by the end of the year.China’s drug regulator issued guidelines in August requiring Covid-19 vaccines to be at least 50 per cent effective, but preferably higher than 70 per cent, and they should provide immunity for at least six months – data that is provided during phase 3 trials.CNBG data could be released “soon”, its parent company China National Pharmaceutical Group said on Saturday, while Sinovac is also expected to make an announcement on its phase 3 trial imminently. A Sinovac spokesman said no further details could be provided when reached for comment on Friday.More from South China Morning Post: * After Britain, US could be next to approve Pfizer and BioNTech’s coronavirus vaccine for use * Coronavirus: Beijing tells Chinese vaccine makers to get ready for mass production * Chinese brewery marks traumatic Wuhan coronavirus lockdown with ‘stay strong’ craft beer * Covid-19 vaccines poised for approval in the West. But what about China?This article Coronavirus: China to have 600 million doses of vaccines ‘ready for market this year’ first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
Israel warned Thursday of an increased threat against its citizens abroad following Iran's call to avenge last week's assassination of its top nuclear scientist.
The US government is discussing a deal with Chinese tech giant Huawei that could see its detained finance chief Meng Wanzhou allowed to return to China, the Wall Street Journal said.
Christmas is the season to throw your exercise and diet regimen out of the window and stuff your face silly. Apart from overeating, the other great seasonal tradition is overspending.
Hong Kong stocks ended the week lower after the Trump administration added four more Chinese companies, including SMIC and CNOOC, to a blacklist on Thursday. China stocks, on the other hand, were in a “soft bull cycle” and recorded a third week of gains.The Hang Seng Index rose 0.4 per cent to 26,835.92 on Friday, but fell 0.2 per cent for the whole week. The Shanghai Composite Index rose by 0.07 per cent to 3,444.58, gaining 1.1 per cent for the whole week. The gauge has now risen for three continuous weeks.The US department of defence on Thursday designated another four Chinese companies as owned or controlled by the country’s military, taking the total number of such blacklisted firms to 35. A recent executive order by President Donald Trump will prevent US investors from buying securities of these companies starting late next year. In a rare public warning, the US’s director of national intelligence, John Ratcliffe, said overnight that China posed the greatest threat to America.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.The impact of the blacklisting will be limited, said Alan Li, portfolio manager at Atta Capital in Hong Kong. “Market sentiment is still trending positive … although the names of the four companies were confirmed on Thursday, the news had already been digested by the market this week,” he said.SMIC shed 5.4 per cent to HK$21, after it resumed trading in the afternoon on Friday. CNOOC led the declines among blue chips on the Hang Seng Index with a 3.9 per cent drop to HK$7.40.Trade in SMIC’s shares was suspended in the morning. In the afternoon, the semiconductor maker refuted Washington’s claim that it was a military firm in an exchange filing. “The company’s services and products are all for civilian and commercial end uses, and are not involved in any military application,” it said, adding that it “strongly” opposed the US’s decision, which reflected a “fundamental misunderstanding” about the end use of its business and technology.American investors will now not be allowed to buy its stock for 60 days starting Friday, and will no longer be able to deal in the securities after 365 days, the company said.CNOOC, meanwhile, said it was assessing the impact of the situation and would closely monitor developments.Investors were weighing the ongoing tensions between the United States and China against recent developments on the Covid-19 vaccine front. Vaccine transport and distribution could be an area of concern – Pfizer was facing a supply-chain bottleneck and last month slashed an initial plan to roll out 100 million vaccines by half, The Wall Street Journal reported.The approval of some vaccines has improved the chances for an overall global economic recovery, said Li Daxiao, chief economist at Yingda Securities. “A shares are in a soft bull cycle since the rally in July. The drop on Thursday and Wednesday was more of a readjustment after big gains,” he said.The Hang Seng Index will fluctuate between 26,500 and 27,000 in the next one to two weeks, Li said. “People in the coming half a year will tend to increase their bets on stocks that will rebound after the pandemic,” he added.On Friday, consumer stocks led the gains among blue chips in Hong Kong. Mengniu Dairy rose 6 per cent. Alibaba Group Holding, which owns this newspaper, rose 2.6 per cent.Property developers were among the biggest losers. New World Development declined by 2.6 per cent.Shares of Next Digital, which publishes the Apple Daily newspaper, surged by about 20 per cent to HK$0.28 on Friday. The rise came after founder Jimmy Lai Chee-ying and two other senior executives were charged with fraud on Wednesday.On the mainland, liquor and beer stocks led the gains. Chongqing Brewery surged by the daily cap of 10 per cent. Kweichow Moutai, the world’s most valuable liquor stock, added 2.5 per cent to 1,793.11 yuan.Financial stocks dented some of the gains after Chinese regulators issued a guidance to important banks. The guidance will help these banks lower systemic risk, improve internal controls and prevent risk of failure. While Xiamen Bank plunged by 10 per cent, Postal Savings Bank of China fell 2.3 per cent in Shanghai and 1.1 per cent in Hong Kong.More from South China Morning Post: * Hong Kong markets gain, as UK vaccine approval, positive China services sector data fuel hopes of Covid-19 recovery * Trump administration adds China’s SMIC and CNOOC to blacklistThis article Hong Kong stocks end week lower after SMIC and CNOOC decline following US blacklisting first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
Turkish President Recep Tayyip Erdogan said on Friday he hopes France will get rid of Emmanuel Macron as soon as possible, the latest salvo in an escalating war of words between the two leaders.
Secretary of State Mike Pompeo said Friday the United States would refuse entry to Chinese online trolls who target dissidents and minorities, announcing his latest visa curbs amid high tensions with Beijing.
Britain insisted Friday its world-first approval of the Pfizer-BioNTech coronavirus vaccine met all safety standards, striving to tamp down any public unease after US and European officials queried the rapid process.
Julen Lopetegui may not have been successful at his previous club Real Madrid, but he can be satisfied in reviving current club Sevilla.
We close the chapter on a tough year and look forward to 2021. Here are three stocks that should exhibit healthy growth.The post Forget 2020: These 3 Blue-Chip Companies Are Primed for Growth in 2021 appeared first on The Smart Investor.
Contraband products worth HK$540 million (US$69.7 million) have been seized in Hong Kong waters so far this year, 230 per cent more than the entirety of 2019, a senior customs official has said.The latest figure was disclosed as customs and police officers made the biggest seizure of its kind in 12 years on Thursday, finding HK$80 million worth of goods, including iPhones, bird nests and abalone that were allegedly to be smuggled to Shenzhen by speedboat.Senior Superintendent Mark Woo Wai-kwan, head of customs’ syndicate crimes investigation bureau, said he attributed the surge to the closure of the major control points due to coronavirus travel restrictions, which has forced smugglers to use the sea route rather than cars and human couriers.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.According to Woo, customs officers have confiscated HK$540 million worth of contraband items at sea and made 217 arrests in 66 cases. In the whole of last year, they seized HK$160 million worth of goods and arrested 86 people across 55 cases.The total included Thursday’s seizure in the Sha Tau Kok frontier closed area.That haul, with a street value of HK$130 million on the mainland, included hundreds of iPhone 12s, delicacies such as abalone and bird’s nest, cosmetic products, apparel and HK$42.7 million worth of electronic goods such as computer hard discs.Bureau Assistant Superintendent Cheng Man-yuen said the consignment also included 550kg of suspected red coral, which could be used for Chinese medicine or making jewellery. He said they would check with the Agriculture, Fisheries and Conservation Department as to whether it was an endangered species. Surge in value of sea-smuggling seizures linked to Covid-19 travel curbsLaw enforcers began investigating the cross-border smuggling ring after noticing unusual activity at the typhoon shelter in the border town of Sha Tau Kok about two weeks ago.Dozens of officers lay in wait in various observation posts on Wednesday night before a truck arrived at an outdoor car park in Kong Ha village at about 1am on Thursday.Three seven-seater cars later drove into the car park, where boxes of goods were loaded into the vehicles from the truck. Two of the cars were then driven to the Shun Lung Street typhoon shelter, which is about 1.8km away from the maritime boundary between Hong Kong and the mainland.Officers swooped into action as boxes of goods were being loaded from one of the two cars onto a speedboat at the typhoon shelter. Four to five workers then jumped into the boat, speeding in the direction of Shenzhen. HK$2.5 million in smuggled goods seized, but suspects escape in speedboatMore than 100 boxes of contraband goods were found in the truck and three cars, but no arrests were made at the scene.About 12 hours later, customs officers arrested three Hongkongers aged 36 to 46 in connection with the case. The men were the owners of the cars and also residents of the Sha Tau Kok frontier closed area.“It is the largest smuggling case [at sea] tackled by Hong Kong customs in the past 12 years,” Woo said. He said the biggest such case was made in 2008, when HK$200 million worth of contraband products was seized in a cargo vessel.He said the illegal smuggling operation was designed to avoid taxes that range from 20 to 100 per cent of the products’ value.The senior superintendent said the investigation was continuing and further arrests were possible.He said the department would seek help from their counterparts to track down the partner in the cross-border syndicate.This article Hong Kong’s biggest seaborne smuggling seizure in over a decade brings tally to HK$540 million for year, dwarfing 2019 total first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
Beijing on Friday lashed out at a claim by the US intelligence chief that China is the "greatest threat to democracy and freedom worldwide", calling it a "hodgepodge of lies".
Leading American infectious disease scientist Anthony Fauci on Thursday walked back his criticism of Britain's drug regulator after saying it had rushed through its coronavirus vaccine approval.
The fourth season of Netflix hit "The Crown" has stirred controversy in Britain, where its treatment of the heir to the throne, Prince Charles, has been criticised for taking too much artistic licence.
The Ministry of Health has confirmed three new COVID-19 cases in Singapore as of noon on Friday (4 December), taking the country’s total to 58,242.
Forty years after John Lennon died at the hands of an evangelical Christian assassin, surviving Beatles Paul McCartney and Ringo Starr are still making music, now on their own.
The Monetary Authority of Singapore (MAS) on 4 December announced four successful digital bank applicants.