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Oracle billionaire Larry Ellison created an indoor farming company called Sensei Ag in 2018. The goal of Sensei Ag is to feed the world by making produce more nutrient-rich and accessible. This is the first outpost of Larry Ellison's 3-year-old indoor farming company, Sensei Ag. Sensei Ag is an agriculture-tech firm bent on changing the way food is grown worldwide. Here's how Sensei Ag is working to making indoor farming mainstream and use its Hawaiian homebase as a "lab for the world."
Persons: Larry Ellison, Sensei Ag, Ag's Tesla, Larry Ellison's, Ag, Ellison, Read, Sensei, Sonia Lo Organizations: Oracle Locations: Hawaii, Lanai
(CNN) Roger Waters, a founding member of Pink Floyd, says he turned down Facebook after the company asked permission to use a song for an Instagram ad. "It arrived this morning, with an offer for a huge, huge amount of money," Waters said at the event about the offer. El músico contó que le ofrecieron "una gran cantidad de dinero" por permitir el uso de Another brick in the wall II para promover Instagram. Lo narró en un acto por la libertad de Julian Assange (@Wikileaks)#VideosLaJornada pic.twitter.com/gEVqaor8Eo — La Jornada (@lajornadaonline) June 12, 2021He added: "I only mention that because this is an insidious movement of them to take over absolutely everything. Facebook has not yet commented publicly on the offer.
Persons: Roger Waters, Pink Floyd, Rolling Stone, Waters, Julian Assange, Mark Zuckerberg, El, Lo, libertad de Julian Assange, Mark, Zuckerberg Organizations: CNN, Facebook, libertad de
Lo Toney on digital transformation and bullish case for J.P. Morgan
  + stars: | 2021-06-15 | by ( ) www.cnbc.com sentiment -0.94   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLo Toney on digital transformation and bullish case for J.P. MorganLo Toney, Plexo Capital founding managing partner, joins 'Tech Check' to discuss the digital transformation and what he's investing in as the economy reopens.
Persons: Lo Toney, Morgan Lo Toney Organizations: Plexo Capital
Live Covid Live Updates: Moscow Orders Shut Down as Russia Battles New Wave of Cases Doctors in China report more severe cases in the country’s latest outbreak. Now, with Western countries emerging from lockdowns, Russia runs the risk of entering a vicious new wave of the virus. The regulator, in a statement issued on Friday evening, said that Emergent BioSolutions had made those doses at the same time as other batches of the Johnson & Johnson vaccine that were found to be contaminated with the harmless virus used to manufacture the AstraZeneca vaccine. U.S. regulators have put the Baltimore facility under a microscope since March, when they discovered that a major production mishap had resulted in the contamination of a batch of Johnson & Johnson vaccines. Commuters this month in New Delhi, which has been hit hard by the coronavirus pandemic.
Persons: Sergei Ilnitsky, Sergey S, Sobyanin, Mr, , Vladimir V, Putin, ” Mr, , ’ hesitancy, Lindsey Wasson, ” Darby LaJoye, Guan Xiangdong, , Chen Bin, Albee Zhang, Joshua Roberts, Brian P, Monahan, Steny Hoyer, Nancy Pelosi, Ms, Pelosi, Eraldo Peres, Venezuela’s, Jair Bolsonaro, Ambev, Tariq Panja, Jim Lo Scalzo, Johnson, Atul Loke, Donald J, Trump, Biden, Biden’s, coronavirus, Boris Johnson, Ghebreyesus, , Megan Specia, Fahad Organizations: U.S ., Workers, ., MOSCOW, Kremlin, Passengers, Tacoma International Airport, Reuters, Transportation Security Administration, AAA, Disease Control, Prevention, Getty, University, Delta, World Health Organization, Alpha, Health Commission, Guangzhou Municipal Health Commission, Maryland, CNN, Democratic, Centers for Disease Control, Republican, Copa América, Copa, Associated, South, Globo, Brazil, Associated Press, Conmebol, Venezuelan, team’s, Barranquilla Mayor's, Agence France, Argentina, Brazilian, Brazil’s, Mastercard, América, Johnson, Emergent, Health, AstraZeneca, Health Canada, Food and Drug Administration, New York Times, Group, The New York Times, Manufacturing, Innovation Center, Saudi Media Ministry, Saudi Press Agency, Saudi, Saudi Embassy, Twitter, of Hajj Locations: Moscow, Russia, China, Russian, epidemiologists, lockdowns, U.S, Seattle, Covid, Air, Wuhan, Guangzhou, Britain, Brazil, India, Delta, Seychelles, Mongolia, Shenzhen, Foshan, Washington, Venezuela, South American, Argentina, Colombia, Brasília, South America, Venezuelan, United States, Barranquilla, Canada, Baltimore, Md, Health Canada, New Delhi, British, Saudi, Saudi Arabia, Mecca . Credit, Mecca
India investigates Binance unit's crypto transactions
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
FILE PHOTO: Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File PhotoThe investigation comes at time when the Indian government is mulling whether to introduce a law that could ban cryptocurrencies. The federal Enforcement Directorate (ED) said that the probe involved transactions worth 27.90 billion rupees ($381.93 million). Should we receive a formal communication or notice from the ED, we’ll fully cooperate in the investigation,” Shetty countered. But the bill was not tabled in the session and there is uncertainty about the government’s plans.
Persons: Florence Lo, , WazirX, Nischal Shetty, we’ll, ” Shetty Organizations: REUTERS, Binance, Terrorism Locations: MUMBAI
A man is seen under a Didi logo at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence LoDidi Chuxing, China’s biggest ride-hailing firm, on Thursday made public the filing for its long-anticipated U.S. stock market listing, setting the stage for what is expected to be the world’s biggest initial public offering this year. Revenue of 141.7 billion yuan ($22.17 billion) was down from 154.8 billion yuan a year earlier, whilenet loss was 10.6 billion yuan, compared with 9.7 billion yuan a year earlier. Revenue more than doubled to 42.2 billion yuan for the three months ended March 31 from 20.5 billion yuan a year earlier. Didi plans to list American Depositary Shares (ADSs) on either Nasdaq or the New York Stock Exchange under the symbol "DIDI", the company said.
Persons: Didi Chuxing, Florence Lo Didi Chuxing, Alibaba, Didi, Didi confidentially, Kuaidi, DIDI, Cheng Wei, Goldman Sachs, Morgan Stanley, J.P.Morgan, Didi drivers Organizations: REUTERS, HK, Reuters, Uber, Wall, Nasdaq, New York Stock Exchange, underwriters, GAC, Thomson Locations: Beijing, China, United States
The crypto-space needs more regulation to grow, Novogratz says
  + stars: | 2021-06-09 | by ( John Mccrank | ) www.reuters.com sentiment -1.00   time to read: +2 min
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. “We need some regulation,” he said at a conference held by Piper Sandler. The more clarity around cryptocurrencies, the better, said Novogratz, a former hedge fund manager at Fortress Investment Group and Goldman Sachs partner. “We have a lot of non-bank banks in the space that if I was the head of the SEC, I would regulate,” he said. “They regulate by litigation,” Novogratz said of the SEC, “and that’s not a great way to regulate and so my pitch would be clarity, clarity, clarity.”
Persons: Florence Lo, Mike Novogratz, , Piper Sandler, , Bitcoin, Gary Gensler, Novogratz, Goldman Sachs, ” Novogratz, that’s Organizations: REUTERS, Galaxy, . Securities, Exchange, Massachusetts Institute of Technology, Fortress Investment, SEC Locations: blockchain
A reflection of the U.S. flag is seen on the signs of the WeChat and TikTok apps in this illustration picture taken September 19, 2020. REUTERS/Florence Lo/Illustration/File PhotoU.S. President Joe Biden is close to issuing a new executive order targeting personal data collection by apps like Chinese-owned WeChat and TikTok, according to people familiar with the matter. The order would replace bans issued last year under then-President Donald Trump on Tencent's WeChat, a messaging app, and Bytedance's video-sharing app Tiktok that have been blocked by U.S. courts, one of the people said. The new order, which could be issued as early as Wednesday, is expected to address concerns about sensitive personal data without targeting any specific company, the person said. Our Standards: The Thomson Reuters Trust Principles.
Persons: Florence Lo, Joe Biden, Donald Trump Organizations: REUTERS, Thomson Locations: U.S
The book "In Pursuit of the Perfect Portfolio" profiles ten of the greatest investors of all time. Jeremy Siegel believes that low-cost index funds should make up the majority of your portfolio, but at least one-third of your portfolio should be invested in international stocks. Charles Ellis is also a big fan of index investing, but he recommends investing in a variety of index funds such as bond index funds and low-cost international index funds. Sharpe is another fan of ETFs, though he advises mixing and matching them with index funds in order to create your own personal market portfolio. Bond Index Fund (FXNAX), and Fidelity International Bond Index Fund (FBIIX).
Persons: Harry Markowitz, Jack Bogle, Charles Ellis, Andrew Lo, Stephen R, William Sharpe, Robert Shiller, you've, Martin, Eugene Fama, Myron Scholes, Robert Merton, Jeremy Siegel, Markowitz, Sharpe, Fama, Siegel, Bogle Organizations: eventual, aha, University of Chicago, Stock Market, Vanguard, International Stock ETF, Fidelity U.S . Bond Index, Fidelity International Bond Index, Securities, US Treasury
(Reuters) - Italian energy utility Enel SpA raised 3.25 billion euros ($3.96 billion) on Tuesday via a triple tranche sustainability-linked bond sale, a record amount in the format the company pioneered two years ago. REUTERS/Flavio Lo Scalzo/File PhotoEnel’s deal will be the biggest sustainability-linked bond sale to date, dwarfing a 1.85 billion-euro issue outstanding from drugmaker Novartis AG, according to data from Refinitiv. It reflects the growing popularity of sustainability-linked bonds, which force issuers to increase coupon payments should they fail to meet pre-set company-wide targets. Demand was 10.4 billion euros, it said. Sustainability-linked bonds are considered a useful tool for supporting traditionally “brown” companies’ transition efforts, and also for smaller companies that cannot identify individual sustainability projects.
Persons: Flavio Lo Scalzo, Enel, , Shanawaz Bhimji Organizations: Reuters, SpA, REUTERS, Novartis, Demand, ABN AMRO, Locations: Milan, Italy, Refinitiv
The political advocacy group backed by billionaire Charles Koch has been pressuring Sen. Joe Manchin, D-W.Va., to oppose key parts of the Democratic agenda, including filibuster reform and voting rights legislation. President Joe Biden has called some of the voting restrictions proposed by Republican leaders in several states "sick" and "un-American." Americans for Prosperity launched a website titled West Virginia Values, which calls on people to email Manchin "to be The Voice West Virginia Needs In D.C. — Reject Washington’s Partisan Agenda." It then shows everything the group believes Manchin should oppose, including Biden's infrastructure plan and the union-friendly PRO Act. The Koch political network is just one of many groups that have orchestrated outside efforts to oppose the Democratic-backed election bill.
Persons: Sen, Joe Manchin, Charles Koch, Joe Biden, Kamala Harris, Manchin, Ted Ellis, Casey Mattox, Ellis, Lo Isidro, aren't, Koch Organizations: U.S, Capitol, Democratic, Republican, CNBC, Prosperity, Virginia Values, The, West, Act, American Civil Liberties Union, AFP, ACLU, Green, Yorker, Heritage Locations: Washington ,, West Virginia
World Bank chief says does not support vaccine intellectual property waiver at WTO
  + stars: | 2021-06-08 | by ( ) www.reuters.com sentiment -1.00   time to read: 1 min
World Bank President David Malpass attends the "1+6" Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019. REUTERS/Florence LoWorld Bank President David Malpass said on Tuesday that the bank does not support waiving intellectual property rights for COVID-19 vaccines, out of concern that it would hamper innovation in the pharmaceuticals sector. Malpass, asked during a media call about new World Bank economic forecasts whether he supports WTO negotiations for a vaccine waiver, said: "We don't support that, for the reason that it would run the risk of reducing the innovation and the R&D in that sector." Our Standards: The Thomson Reuters Trust Principles.
Persons: David Malpass Organizations: Bank, REUTERS, Florence Lo World Bank, Thomson Locations: Beijing, China, Florence
SHANGHAI (Reuters) - A slew of crypto-related accounts in China’s Twitter-like Weibo platform were blocked over the weekend, as Beijing stepped up a crackdown on bitcoin trading and mining. FILE PHOTO: Representations of Bitcoin cryptocurrency are seen in front of an image of Chinese flags in this illustration picture taken June 2, 2021. The view was echoed by a financial regulator, who said that such an interpretation would address the legal ambiguity that has failed to clearly identify bitcoin trading businesses as “illegal operations”. The Weibo freeze comes as Chinese media have stepped up reporting against crypto trading. The stepped-up crackdown also comes as China’s central bank is accelerating testing of its own digital currency.
Persons: Florence Lo, , KOL, bitcoin, Elon, Winston Ma, Ma, China’s Organizations: Twitter, REUTERS, China’s, Council, Weibo, NYU Law, Xinhua News Agency Locations: SHANGHAI, Beijing, China
The PLA's Southern Theatre Command says a month-long exercise saw ships carry out anti-missile and anti-aircraft training far from home waters. The Chinese ships travelled through the Celebes Sea and into the western Pacific, where the US territory of Guam sits. Last year, a fleet under the Southern Theatre Command completed a 41-day drill in the Pacific, travelling 14,000 nautical miles and conducting a series of combat and rescue missions. In recent years China has bolstered its military presence in the South China Sea, where neighbouring countries, including Vietnam, the Philippines, Brunei and Malaysia all have competing claims. However, its ambitions in the region have triggered a backlash and prompted the United States to step up its freedom of navigation operations in the South China Sea — a move Beijing says violates its sovereignty and increases the risk of conflict.
Persons: Kinling Lo Organizations: Southern Theatre Command, Liberation Army, PLA, South China Locations: Pacific, Guam, Indonesia, Philippines, Hong Kong, Celebes, China, South China, Vietnam, Brunei, Malaysia, Hainan, United States, South, Beijing
There has been a significant hike in the frequency and size of ransomware attacks, Anne Neuberger, cybersecurity adviser at the National Security Council, said in a letter. Strengthening the country's resilience to cyberattacks was one of President Joe Biden's top priorities, the White House has said. "But we can't do it alone," White House press secretary Jen Psaki said on Thursday. No company, large or small, is safe from ransomware attacks, Neuberger told the business community. Neuberger advised that companies test incident response plans and use a third party to test the security team's work.
Persons: Anne Neuberger, cyberattacks, Joe Biden's, Jen Psaki, Neuberger, Florence Lo, Sodinokibi, Biden, Vladimir Putin, Psaki Organizations: House, U.S, National Security Council, American, White, REUTERS, JBS SA, Colonial Pipeline, Companies, Thomson Locations: U.S, North America, Australia, Russia, United States
IMF sees Italy GDP up 4.3% in 2021, budget deficit at 11.8% GDP
  + stars: | 2021-06-03 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
“A robust recovery is expected in 2021 supported by ongoing vaccinations although large uncertainty remains,” the Fund said in statement released at the end of its annual visit to Italy. “Continued policy support will be necessary until the recovery takes hold”, IMF added. The Fund said Italy’s budget deficit for 2021 was now seen at 11.8% of GDP, up from 8.8% projected in April, and in line with a government’s estimate for a double-digit deficit, which was last experienced in the early 1990s. As the coronavirus crisis pushes up government spending, the Fund also revised up the fiscal gap for 2022 to 6% from 5.5% of GDP, near Rome’s projection of 5.9%. For 2022 the IMF expects public debt to stand at 157.9% of GDP, above Italy’s estimate of 156.3%.
Persons: Flavio Lo Scalzo MILAN, coronavirus lockdowns Organizations: REUTERS, Monetary Fund, IMF Locations: Lombardy, Milan, Italy, Greece
Crypto firms fall short on anti-money laundering rules, UK watchdog says
  + stars: | 2021-06-03 | by ( Tom Wilson | ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Florence Lo/IllustrationMany cryptocurrency firms are not meeting Britain's anti-money laundering and counter-terrorism financing rules, the country's financial watchdog said on Thursday, showing how some parts of the emerging sector are struggling to meet required standards. The cryptocurrency world has been plagued through its 12-year life by lax standards on money laundering and other illicit activities. "The FCA will only register firms where it is confident that processes are in place to identify and prevent this activity," it said. As of May 12, another 90 have temporary registration, allowing them to continue trading while their applications are assessed. The FCA said 51 firms have withdrawn their applications for registration and can no longer trade.
Persons: Florence Lo Organizations: REUTERS, Britain's Financial, Authority, FCA, Thomson Locations: cryptocurrency
White House warns companies to step up cybersecurity
  + stars: | 2021-06-03 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File PhotoThe White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware attacks after intrusions at a meatpacking company and an oil pipeline. "The number and size of ransomware incidents have increased significantly," read the letter from Anne Neuberger, cybersecurity adviser at the National Security Council. The recent cyberattacks have forced companies to see ransomware as a threat to core business operations and not just data theft that can be recovered. Neuberberger's letter came after a major meatpacking plant resumed U.S. operations on Wednesday after a ransomware attack that disrupted meat production in North American and Australia.
Persons: Florence Lo, Anne Neuberger, cyberattacks, Joe Biden's, Neuberger, Sodinokibi Organizations: REUTERS, House, National Security Council, JBS, Colonial Pipeline, Thomson Locations: U.S, American, Australia, Russia, United States
Months later, at a 2015 Lunar New Year festival, Luu, 39, and her friend, photographer Andria Lo, 33, did meet her. "Chinatown Pretty" consists of portraits of Asian seniors across North America. Luu and Lo coined the term "Chinatown Pretty" to describe the trendy outfits they'd see seniors wearing in these neighborhoods. Writer Valerie Luu describes the outfits in "Chinatown Pretty" as unexpected, joyous, industrious and resourceful. Writer Valerie Luu and photographer Andria Lo.
Persons: Valerie Luu, Andria Lo, Manning Yeung Tam, Tam, Luu, Lo, Andria, Andria Lo Luu, we've Organizations: North, NBC Asian, Chinatown Community Development, American, Park, NBC, Facebook, Twitter Locations: San Francisco's Chinatown, China, North America, Chinatown, NBC Asian America, San Francisco, Oakland, Los Angeles, Chicago , New York, Vancouver, New York, Andria Lo, America
Invesco Forges a Different Path in China From Its Bigger U.S. Rivals
  + stars: | 2021-06-02 | by ( Jing Yang | ) www.wsj.com + 1.00   time to read: +1 min
As the world’s biggest asset managers gear up to make inroads into China’s mutual-fund industry, Invesco Ltd. has its eyes on a different prize. The Atlanta-based investment firm is hoping to manage a piece of China’s national pension fund, betting its nearly two-decade record of investing ordinary Chinese citizens’ money could help it win the coveted job. Invesco Great Wall Fund Management, the firm’s China joint venture, “will be in a good position to be qualified” when the national pension reserve fund is ready to onboard new managers, Mr. The last time new investment mandates were allocated for yuan-denominated assets was in 2010. Invesco’s ambition, which contrasts with that of its bigger U.S. rivals, extends the unique path that the 85-year-old American firm has charted in China.
Persons: , Andrew Lo, Lo Organizations: Invesco Ltd, , Pacific, Wall Fund Management Locations: Atlanta, Asia, China
Former PM Berlusconi says his health is gradually improving - paper
  + stars: | 2021-06-02 | by ( ) www.reuters.com + 0.97   time to read: +1 min
Former Italian Prime Minister Silvio Berlusconi speaks to the media as he leaves San Raffaele hospital in Milan, Italy, September 14, 2020. REUTERS/Flavio Lo Scalzo/File PhotoFormer Italian Prime Minister Silvio Berlusconi said his health is gradually improving, in an interview published on Wednesday. "Doctors have finally allowed me to go back to work a little bit, but without leaving the house," Berlusconi told daily Il Giornale in an interview. The billionaire businessman and four-time prime minister, has been in and out of hospital in past months after contracting coronavirus last September and recently speculation has mounted about a deterioration of his health. Berlusconi, 84, also said the government lead by Mario Draghi and supported by his centre-right Forza Italia party, must press on with tax and justice reforms.
Persons: Silvio Berlusconi, Flavio Lo Scalzo, Berlusconi, Mario Draghi Organizations: Italian, REUTERS, coronavirus, Forza Italia, Thomson Locations: Raffaele, Milan, Italy
FILE PHOTO: World Bank President David Malpass attends the "1+6" Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019. REUTERS/Florence LoWASHINGTON (Reuters) - The World Bank now has $12 billion in COVID-19 vaccine financing available and will have approved vaccination financing operations in over 50 countries by the end of June, the development lender’s president, David Malpass, said on Tuesday. Malpass told a joint news conference with the World Health Organization, the International Monetary Fund and the World Trade Organization that it was “vital that we speed up the supply chain for vaccine distribution,” including shortening the manufacturing time, approvals and allocations of doses that have already been produced.
Persons: David Malpass, Florence Lo WASHINGTON, Malpass Organizations: Bank, REUTERS, World Health Organization, International Monetary Fund, World Trade Organization Locations: Beijing, China, Florence, COVID
Graves of people who had recently died due to the coronavirus disease (COVID-19) are seen at the cemetery of Nembro, near Bergamo, Italy May 13, 2020. However, a study published last year suggested antibodies to either the virus or a variant were detected in Italy in 2019. Most of the volunteers were from Lombardy, the northern region around Milan, which was the first and hardest hit by the virus in Italy. "We did not say in our study that we could establish without a doubt that the coronavirus, later sequenced in Wuhan, was already circulating in Italy in October," Montomoli said. So we can say that this coronavirus or a very similar one, perhaps a less transmissible variant, was circulating here in October," he added.
Persons: Graves, Flavio Lo Scalzo, Joe Biden, Italy's, Giovanni Apolone, Apolone, Emanuele Montomoli, Montomoli Organizations: REUTERS, Health, WHO, Milan Cancer Institute, UN, Reuters, Erasmus University, Public Health, Molecular Medicine Department, University of Siena, The Erasmus University, Thomson Locations: Nembro, Bergamo, Italy, China, Wuhan, Milan, Lombardy, Rotterdam
A version of this story appeared in CNN's Pop Life Chronicles newsletter. Because that's what pop culture is all about -- the shows, movies, music and moments we talk about with our friends. A bit about me: I refer to myself as a "pop culture princess," and, more recently, "The Mistress of Memes." "I love a good Auto-Tuned, technically perfect pop vocal, but this record was supposed to be vulnerable," he said. Don't start me speculating as to whether they are strictly friends, friends with benefits, or a rekindled romance.
Persons: Lisa Respers, Megan Thee, Mackenzie Phillips, let's, HBO Max, Jennifer Aniston, Lisa Kudrow, Matthew Perry, Courteney Cox, Matt LeBlanc, David Schwimmer, Emma Stone, Estella, Cruella, Douglas, Chuck Lorre, Lorre, Gold, Alan Arkin, Sandy, Michael Douglas, DMX, Alicia Keys, Bono, Jay, Lil Wayne, Nas, Snoop Dogg, Usher, Moby, Gregory Porter, Kris Kristofferson, rerecording, Jennifer Lopez, Ben Affleck, Affleck, Alex Rodriguez, Ben, Lopez, Lo's, Saturn, José Andrés, haring, ould, ove, esmond, ike Organizations: CNN, HBO, NBC, Disney, Netflix, Moby, GQ, Kodak Theater, Hubble, Space, ust Locations: Lisa Respers France, Central, London, Inglewood , California, Los Angeles, Hollywood , California
Hong Kong changes electoral law, reduces direct public vote
  + stars: | 2021-05-28 | by ( ) www.cnbc.com sentiment -0.99   time to read: +2 min
Hong Kong's legislature on Thursday passed a bill amending electoral laws that drastically reduces the public's ability to vote and increases the number of pro-Beijing lawmakers making decisions for the city. The number of legislators elected directly by Hong Kong voters will be cut to 20, from the previous 35. Lo Kin-hei, the chairman of Hong Kong's largest pro-democracy party, said that the party was "unhappy" with the decision to pass the bill. "We are disappointed with the way that the government is changing the electoral system, because we can see that the representation of the people from Hong Kong in the Legislative Council or in the institution as a whole is much less than before, so this is not something which is good for Hong Kong," said Lo. The changes to Hong Kong's elections come as Beijing further tightens control over the semi-autonomous city that saw months of anti-government protest and political strife in 2019.
Persons: Hong, Lo Organizations: Beijing, Hong, Hong Kong's, Legislative, Democratic Party Locations: Hong Kong's, Beijing, Hong Kong, Pro
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