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AdvertisementHousing costs and the homeless population have soared in the Western Montana city of Missoula this year. Between 2021 and 2023, the city's two main shelters saw a 53% increase in the number of nights of shelter provided to Missoulans experiencing homelessness. Advocates for those experiencing homelessness say there's much more work to be done. Local lawmakers say the city needs more state and federal funds to aid those experiencing homelessness. Building more housing is key to solving homelessnessAffordability is at the root of homelessness in Missoula and across the US.
Persons: , Jill Bonny, they're, Bonny, It's, Eliza Relman, Bob Campbell, Campbell, who's Organizations: Service, Poverello Center, Sun, Poverello, New Hope Ministries, Business, Marine Corps Locations: Missoula, Western Montana, Montana, It's
Ken Griffin's Chicago penthouse — listed for $10 million less than he paid for it — has a buyer. A representative for Griffin said that his real-estate investments in Florida make up for the loss. AdvertisementGriffin and the listing agents for the Chicago penthouse did not respond to requests for comment sent by Business Insider. In 2023, he added, only four properties sold for that amount. AdvertisementAccording to Rafael Murillo, a Compass agent in Chicago, properties that cost eight figures are not a regular occurrence.
Persons: Ken Griffin's, , Griffin, Ken Griffin, Walton, he's, Zia Ahmed, Michael LaFido, Knight, Rafael Murillo, Murillo, Michael Jordan's, Jordan, LaFido, homebuyers Organizations: Service, Citadel, Cook, Bloomberg, Chicago, Business, Chicago Tribune Locations: Ken Griffin's Chicago, Florida, Chicago, Gold Coast, Lake Michigan, South Florida, Coconut Grove, Miami, Palm Beach, Chicagoland, New York, city's St, Regis, Highland, COVID, Illinois
The fast-food chain said it plans to invest $75 million in Singapore over 10 years. AdvertisementChick-fil-A has announced plans for a restaurant in Asia, set to open in Singapore in late 2025. In a press release on Thursday, the fast-food chain said the restaurant's opening is part of a 10-year-long, $75 million investment into Singapore. The brand is also accepting Singaporean applications to be the island's "first independent Chick-fil-A franchise Owner-Operator." And the average Chick-fil-A franchise made $9.4 million in sales that year.
Persons: Tim Hortons, , Anita Costello, Chick Organizations: Singapore —, Shake, Service, Business, Airport, Channel News Asia Locations: Singapore, Asia, Europe, Singapore's, Jewel
Macao's next leader wants to wean economy off gambling
  + stars: | 2024-10-14 | by ( Dylan Butts | ) www.cnbc.com   time to read: +2 min
Slated to become the next leader of Macao, Sam Hou Fai wants to steer China's special administrative region further away from its heavy reliance on gaming and gambling. Formerly Macao's top judge, Sam was elected Macao's next leader in an uncontested vote on Sunday. In the lead-up to his selection, the 62-year-old identified the diversification of Macao as an urgent issue to address. He added he would consider creating public funds to promote the development of emerging industries outside gaming and gambling. However, that reliance backfired during the Covid-19 pandemic when the gambling and gaming industries took major hits from border closures and social distancing policies.
Persons: Sam Hou Fai, Sam, Macao's, Ho Iat Seng, wouldn't, Seng Organizations: Trade, Beijing Locations: China, Macao, Greater China, Beijing
Nearly 1,000 homes and businesses were covered by evacuation orders in La Porte, according to the city's statement. Additionally, the La Porte Independent School District said shelter-in-place orders were in place at multiple campuses in the district. A pipeline carrying natural gas liquids burns near La Porte, Texas, on Sept. 16, 2024. Deer Park said in its own statement that a Walmart location and an H-E-B grocery store were also covered by shelter-in-place orders. Multiple reunification sites in Deer Park and La Porte, including an activity center and a church, have been made available to evacuees.
Persons: La Porte, Lekan, I’ll, Jerry Mouton Jr, Mouton Organizations: La Porte Independent School District, Energy, San Jacinto, Facebook, Emergency, Control, Deer Park Locations: Houston, Deer Park, Pasadena, La, La Porte, La Porte , Texas, Deer, Porte, Harris
It appeared to be another typical ransomware attack that impacted the city of Columbus, Ohio, this past July. Connor Goodwolf (legal name is David Leroy Ross) is an IT consultant who plumbs the dark web as part of his job. So when word got out that the city of Columbus, his hometown, had been breached, Goodwolf did what he does: he poked around online. "Lawsuits against data security researchers are rare," said Raymond Ku, professor of law at Case Western Reserve University. Columbus City Attorney Zach Klein said during a September press conference that the case was "not about freedom of speech or whistleblowing.
Persons: Andy Ginther, Connor Goodwolf, David Leroy Ross, Goodwolf, Goodwolf's, Columbus Mayor Andrew Ginther, government's, Edward Snowden, Raymond Ku, Kyle Hanslovan, Huntress, Snowden, Hanslovan, Zach Klein, Scott Dylan, Dylan Organizations: Social, Columbus Mayor, Google, Rhysida Group, Columbus, Infrastructure Security Agency, CNBC, Case Western Reserve University, United, NexaTech Ventures, Goodwolf, Intel Locations: Columbus , Ohio, Ransomware, Columbus, Eastern Europe, Russia, U.S, United Kingdom, Goodwolf
In reality, the Rat Pack offers regular citizens a crash course in rodent mitigation in hopes of inspiring them to take more active roles in what often feels like an unwinnable battle. AdvertisementThose who join the Rat Pack must complete three activities: a "rat walk" that promises to "uncover the world of urban rats," a two-hour "rat academy" on rodent-prevention methods, and a service project, like a park cleanup. If you seek to understand this rat, Corradi told our group, "you can kind of just hold up a mirror and look at yourself." Related storiesCorradi, recognizable from various press appearances and her navy Rat Pack hat, is supposed to offer New Yorkers additional peace of mind. And yet I secured my precious Rat Pack merch by doing exactly that.
Persons: Andrew Barrett, He's, Barrett, Eric Adams, Kathleen Corradi, Brooklyn's Herbert Von King, wouldn't, Corradi, haven't, Adams, Michael Parsons, we've, doesn't, there's, We've, , I'd, shrugged, You'll Organizations: NYC, Cub Scouts, Anadolu Agency, Washington DC, Anadolu Locations: Brooklyn, Yorkers, New York, New York City, Chicago, Brooklyn's Chinatown, West Harlem
New York City has also seen a surge in bicycling since the pandemic caused many to avoid mass transit and ride shares. And the funding for the Streets Plan — more than $900 million — has already been allocated to DOT. The city streets were designed to maximize vehicle speed rather than to get as many New Yorkers around as efficiently and safely as possible. While New York City streets have generally gotten safer since the city adopted its 'Vision Zero' plan in 2014 to eliminate traffic deaths and serious injuries in 2014, progress hasn't been consistent. Advertisement"What New York City can learn is that when you commit to comprehensive bike infrastructure, it works," Elizabeth Adams said.
Persons: Adams isn't, Adams, doesn't, Elizabeth Adams, Kathy Hochul, it's, they're Organizations: Service, Business, Department of Transportation, DOT, Transportation, New York Gov, New Locations: Paris, New York City, New York, London, Manhattan, Cities, Tokyo, York City
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. It isn't known exactly how many rats are in NYC, but a 2014 study suggested there were around two million, and a pest control firm in 2023 estimated there were close to three million rats in NYC. Adams said the program was part of his administration's "Trash Revolution," which aims to clean up the city's streets. A Sanitation Department official told New York Streetsblog at the time that the project was worth around $4 million. The Office of the New York State Comptroller shows that McKinsey has worked on at least 10 other projects with the state.
Persons: , Eric Adams, Jessica Tisch, Gracie, Adams, Alicia Keys Organizations: Service, McKinsey, NYC Department of Sanitation, Business, McKinsey & Company, Sanitation Department, New York, New York Times, New York State Comptroller Locations: Manhattan, Barcelona, New York
An oil tycoon convicted of cheating and instigating forgery is selling his mansion in Singapore for $32 million. In land-scarce Singapore, Good Class Bungalows — mansions on private land — are a trophy among the ultrawealthy. AdvertisementA former oil tycoon convicted of cheating and instigating forgery is selling his mansion in Singapore for $43 million Singapore dollars, or $32 million. Lim Oon Kuin, the founder of the collapsed oil firm Hin Leong Trading, is putting his Good Class Bungalow in Tanglin Hill, one of the city's wealthy enclaves, for sale. The largest and most expensive type of landed home available in Singapore is known as a Good Class Bungalow, or GCB.
Persons: Shou Zi Chew, James Dyson, , Lim Oon Kuin, Hin Organizations: Good, Service, Hin Leong, Business Locations: Singapore, Tanglin Hill
Guests posing for a group photo at the "Let's Go the Extra Mile" hospitality campaign launch ceremony at the Central Government Office in Hong Kong on June 3, 2024. In response, the Hong Kong government launched a campaign – titled "Let's Go the Extra Mile" – encouraging frontline staff and members of the public to demonstrate good hospitality and "reinforce Hong Kong's brand as the best tourism destination." Hong Kong's currency is pegged to the U.S. dollar, which has helped the city's status as an international financial center. "Both have become equal problems for Hong Kong," he said. While the city's borders were closed during the pandemic, nearby Shenzhen continued to develop into a top-tier Chinese city, Lee said.
Persons: Long, John Lee, Hong Kongers, Allan Zeman, Lan, Kwai, Zeman, mainlanders, Simon Lee Siu, Lee Organizations: Central Government Office, Nurphoto, Getty, Hong, Lan Kwai Fong Group, U.S ., U.S, Sports, Tourism Bureau, HK, Pacific Institute of Business, Chinese University of Hong, Shenzhen Locations: Hong Kong, Shenzhen, Hong, Japan, Asia, Chinese University of Hong Kong
Instead, it's drawing a feed of blistering, high-pressure, vaporized water from a century-old loop of steam pipes that runs beneath the city's streets. Like dozens of cities, New York has a loop of steam pipes under its streets that could help reverse the urban doom loop. Lindsey Nicholson/UCG/Universal Images Group via Getty ImagesIn July, Vicinity is installing what will be the nation's first zero-carbon urban steam loop. AdvertisementThe most convincing evidence that steam loops make economic sense comes from who's getting into the district-energy game. Meaning: Can we use steam loops to fix the urban doom loop before the climate doom loop dooms us all?
Persons: I've, Nobody, Francisco, Kevin Hagerty, Lindsey Nicholson, Blake Ellis, Burns, McDonnell, Tim Danz, it's, Danz, Hagerty, Decarbonizing, COVID, Costa Samaras, They'll, Adam Rogers Organizations: California, Vicinity Energy, Getty, Cal, Antin Infrastructure Partners, KKR, Scott Institute for Energy, Innovation, Carnegie Mellon, Business Locations: Francisco, California, New York City, Boston, Washington, New York, England, Chicago, Miami, San Diego, Portland, Milwaukee
Dishwasher, $790 for four days a weekMy network grew, and another friend told me about a startup called Cook Unity in 2016. Cook Unity is a chef-to-customer meal subscription platform based in Brooklyn. AdvertisementEach of the Cook Unity chefs has a different menu, so I had to learn about various ingredients from different parts of the world. Chef, $969,000 a yearIn 2020, I became a chef for Cook Unity, transitioning from full-time employment to being a contractor. Cook Unity expanded to Los Angeles, Miami, Chicago, Austin, Atlanta, and Seattle.
Persons: , Andres Mendez, I'm, I've, I'd, Café, Cook Organizations: Service, Business, Village, Cook, Cook Unity Locations: New York City, United States, Mexico, Mexican, Brooklyn, New York, Los Angeles, Miami, Chicago, Austin, Atlanta, Seattle, Texas
My dad still remembers the anxiety that engulfed the island when the United States cut off diplomatic recognition of Taiwan in favor of the People’s Republic of China in 1979. My parents considered America a safe haven and wanted me to grow up with all its comforts. Of course, comparing the United States and Taiwan this way without acknowledging the nuanced socio-political contexts can be misleading. Clarissa WeiThe biggest shift, then, has been how the people of Taiwan perceive the United States. The United States, on the flip side, is the 131st.
Persons: Clarissa Wei Editor’s, Clarissa Wei, , , Annabelle Chih, there’s, Tyrone Siu, Donald Trump, Joe Biden, “ Wei, Ting Yen, I’m, nodded, Billy H.C, Kwok, It’s, Republican —, Xi Jinping, “ Trump Organizations: Taipei CNN, CNN, America, Metro, Trump, Taiwan, Franklin & Marshall College, 131st, San Francisco Bay Area, China’s Communist Party, Republican Locations: Taiwanese American, Taipei, Taiwan, China, United States, People’s Republic of China, America, Los Angeles, Taiwanese, Kaohsiung, San Francisco Bay
Street safety advocates say fire officials' focus on speed is making roads more dangerous. Many of the city's residents want to take action to make their streets safer. In March, LA voted overwhelmingly for a street safety policy that will finally enforce a nearly decade-old mobility plan to make the city's streets safer for non-drivers. Fire departments across the country have for decades opposed safer street design. He said fire departments can be convinced to support safer street design if they're heavily engaged by planners.
Persons: , we're, didn't, Michael Schneider, isn't, Schneider, Johns Hopkins, aren't, what's, Patrick Siegman, Kazuhiro Nogi, Siegman, Andy Boenau, Dan Burden, they're, Burden, Dan Organizations: Service, LA, Vehicles, Business, LA ., Code, Getty, San Francisco, Supervisors, National Fire Protection Locations: Angeles, Los Angeles, America, LA, Texas, Osaka, Japan, Paris, France, American, Tokyo, AFP, Baltimore, California
INDIANAPOLIS (AP) — The signs are all around downtown Indianapolis now: NBA All-Star weekend finally has arrived. Posters of the All-Star players cover Lucas Oil Stadium, home of the NFL's Indianapolis Colts and host to All-Star Saturday Night, and Gainbridge Fieldhouse, home of the Pacers and WNBA's Indiana Fever and site of Sunday's All-Star Game. There's even a larger-than-life graphic of Pacers star Tyrese Haliburton on the towering 33-story glass facade at the JW Marriott hotel. “When we had to shift the All-Star Game off of 2021, we were trying to figure out when it would work out and we landed on 2024,” NBA Commissioner Adam Silver said in October. “But that three years, I think, has really turned out to benefit us.”Now, the Pacers appear ready to shine under the spotlight of a second All-Star weekend.
Persons: Larry Bird, Rick Fuson, Kareem Abdul, Jabbar, Magic Johnson, Ralph Sampson, Bird, Michael Jordan, Isiah Thomas, Gainbridge, Tyrese Haliburton, Heck, Adam Silver, Herb Simon, “ We’re, , Steve Simon, Herb's Organizations: INDIANAPOLIS, New, Indianapolis, Indiana Pacers, Hoosier, Indy, NBA, CFP, Lucas Oil, Indianapolis Colts, Pacers, WNBA's Indiana, JW Locations: Indianapolis, Atlanta, Indiana, skywalks, Haliburton
By Jonathan AllenNEW YORK (Reuters) - Lawyers representing New Yorkers facing eviction and living in shelters sued New York City Mayor Eric Adams on Wednesday to try to force him to comply with new local laws expanding access to rental assistance. The lawsuit by the Legal Aid Society comes after the mayor unsuccessfully vetoed the new laws expanding access to vouchers for low-income New Yorkers. The New York City Council, which had voted to override the mayor's veto last July, will soon join Legal Aid in suing the mayor after making the unusual move last week. More than 36,000 households already receive housing vouchers from the city, according to Adams' office. A spokesperson for the mayor said his office was reviewing the lawsuit and that his administration would focus on working with the city council to build more affordable housing across the city.
Persons: Jonathan Allen, Eric Adams, Adams, , Robert Desir, Donna Bryson, Aurora Ellis Organizations: Jonathan Allen NEW YORK, New, New York City, Legal Aid Society, The New, The New York City Council, City Fighting, New York State, Aid Society, Legal, Manhattan Supreme, Coalition, Homeless Locations: The New York, Manhattan, Bronx
The city's annual series of parades began more than a week ago and will close out on Tuesday — Mardi Gras — a final day of revelry before Lent. Aside from recycling, there's a small but growing movement to find something else for parade riders to lob. Grounds Krewe, Davis's nonprofit, is now marketing more than two dozen types of nonplastic, sustainable items for parade riders to pitch. "These efforts will help green Mardi Gras," said Christy Leavitt, of the group Oceana, in an email. Enck, who visited New Orleans last year and attended Mardi Gras celebrations, hopes parade organizers will adopt the biodegradable alternatives.
Persons: , it's, , Judith Enck, Enck, Brett Davis, headbands, ” Davis, Christy Leavitt, Jennifer McDermott Organizations: ORLEANS, Environmental Protection Agency, Beyond, New Orleans & Co, Oceana, New, Mardi, Associated Locations: New Orleans, revelry, Lake Pontchartrain, Mexico, Mardi, Providence , Rhode Island
Already the United States' biggest sporting party, Las Vegas is promising a Super Bowl supernova around the Kansas City Chiefs and San Francisco 49ers showdown on Feb. 11. Last year's game featuring the Chiefs and Philadelphia Eagles holds the Super Bowl record for most viewers with 115 million. "The amount of events that are going on over the course of the week leading up to the Super Bowl is unlike anything we have ever seen." "We will get another Super Bowl again without question because no one throws a party like Vegas." (Reporting by Steve Keating in Las Vegas; Editing by Ken Ferris)
Persons: Steve Keating, Lombardi, Travis Kelce, Taylor Swift, Swift, Neil Armstrong, Neal Pilson, Nancy Lough, Mark Bucher’s Travis, Taylor, James Gibson, Ken Ferris Organizations: Steve Keating LAS VEGAS, NFL, Kansas City Chiefs, San Francisco 49ers, Chiefs, 49ers, Pittsburgh Steelers, New England Patriots, United States, Las Vegas, Philadelphia Eagles, Cincinnati Bengals, CBS, Pilson Communications, Reuters, Super, University of Nevada, Gronk's Beach Party, Super Bowl, National Hockey League, Golden Knights, NFL's Raiders, Major League Baseball, NBA, MLS Locations: Vegas, United States, Las Vegas, Tokyo, United, Las, Sin, University of Nevada Las Vegas, Nevada, Clark, Sin City
And, boy, did the elder Kelce brother make the most of his visit. With the temperature in Buffalo hovering right around 25°F, the 36-year-old spent the early parts of the day tailgating with Bills Mafia. Kelce was spotted inside a suite alongside several family members: his wife, Kylie, mom, Donna, and dad, Ed. Kelce may be something of a good luck charm for his brother and the Chiefs, who came away with a thrilling 27-24 road victory Sunday night. Kansas City will now travel to Baltimore to take on the top-seeded Ravens in the AFC Championship Game Sunday at 3 pm ET.
Persons: , Jason Kelce, Travis Kelce —, Josh Allen's, Kelce, Kylie, Donna, Ed, Taylor Swift, Travis, Cara Delevingne, Brittany Mahomes, Patrick Mahomes, JASON KELCE, KKOmoiuEvq, rother, ake Organizations: Service, Business, Eagles, Tampa Bay Buccaneers, of Famer, Kansas City, Chiefs, Bills Mafia, Highmark, Buffalo, Cincinnati Bearcats, Kansas City's, CBS, NFL, FC, hampionship Locations: Buffalo, Kansas, Orchard Park
Baughman filed his own lawsuit against her in June, saying she's run "a 20+ year smear campaign" against him. Making their way through the city's streets, many of which were still shut down, they took a long time to arrive at Bloomberg's campaign office, the suit says. Another one of Bloomberg's campaign staffers offered Beter a cup of coffee at the office, the lawsuit says. A photo of the World Trade Center collapse taken by Petra Beter on September 11, 2001. Neither Petra nor Josee Beter has filed a formal response to Baughman's lawsuit in the Massachusetts court, though Petra Beter's lawsuit says it's "retaliation" for her claims.
Persons: Duane Baughman, Mike Bloomber's, Baughman, , Petra C, Beter —, Michael Bloomberg, Beter, Ian Bryson, Josee Beter, Katie Merrill, Petra, Douglas Schoen, Edward Skyler —, Schoen, Duane, Defendant SCHOEN, Schoen didn't, Skyler, Mr, Petra Beter, Hillary Clinton's, Tom Steyer's, Merrill, Barbara Lee's, Beters, Mike Bloomberg, Petra's, Petra Beter's, Johnny Depp, Amber Heard, Josee, Bryson Organizations: Service, Baughman, ASA, Bloomberg, Citigroup, World Trade, REUTERS, HB, Democratic, Rep, Senate, New York, Prosecutors Locations: Manhattan, York City, New York, Massachusetts, California, New, Baughman's
The Transamerica Pyramid building is seen as tourists ride a cable car in downtown San Francisco, California, U.S., July 7, 2023. San Francisco has been waging for years a multi-pronged war on drugs and related crime, homelessness and unaffordable housing. "They do this for the Superbowl, they do this for conferences ... but nothing ends homelessness like a home," Boden said. The city has a homelessness rate of 887 people per 100,000 residents, according to a 2023 report from the San Francisco controller's office on 16 American cities. Reporting by Peter Henderson and Anna Tong in San Francisco; Editing by Sayantani Ghosh and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Carlos Barria, Joe Biden's, Christopher Crandall, he'd, He'd, Gavin Newsom, Biden, China's Xi, Paul Boden, " Boden, Tesla, Elon Musk, Trevor Chandler, I’ve, Peter Henderson, Anna Tong, Sayantani Ghosh, Stephen Coates Organizations: REUTERS, FRANCISCO, Economic Cooperation, United Nations, Police, APEC, Western Regional Advocacy, San, Fox News, Twitter, Thomson Locations: San Francisco , California, U.S, Asia, San Francisco, California, Francisco, Oakland, Los Angeles
These are then smuggled into the United States, the officials say. Last month, the United States imposed sanctions on 28 people and entities involved with the international proliferation of illicit drugs, including a large China-based network. Biden is also due to meet with Mexican President Andres Manuel Lopez Obrador in San Francisco. In San Francisco, state and local officials have tried to clean up drugs from the city's streets, with limited success. "We know San Francisco - and cities across the United States - will benefit from more targeting of the trafficking and production of fentanyl worldwide," a spokesperson for Breed said in a statement.
Persons: Joe Biden, Xi Jinping, Biden, Xi, Mike Odeh, Jake Sullivan, Washington, General Merrick Garland, Andres Manuel Lopez Obrador, Alicia Barcena, Brooke Jenkins, Mayor London Breed, Breed, Michael Martina, Sayantani Ghosh, Michelle Nichols, Josie Kao Organizations: Customs, Port, U.S . Customs, FRANCISCO, U.S, Economic Cooperation, United, city's, APEC, U.S . Centers for Disease Control, Prevention, . National, Washington, Biden, Institute of Forensic Science, China's Ministry of Public Security, Commerce, San Francisco . Mexican Foreign, Mayor London, Thomson Locations: Arizona, Mexico, Nogales , Arizona, U.S, Asia, Pacific, San Francisco, United States, China, CHINA, MEXICO, Washington, San Francisco . Mexican, Francisco's
SAN FRANCISCO (AP) — World leaders, CEOs, protesters and thousands of others will soon descend on San Francisco for a global trade summit that could give the battered city a chance to reverse its image of an economic powerhouse now in decline. As host, San Francisco and the city's partners are polishing sidewalks, scrubbing away graffiti and moving homeless people to accommodations indoors. “It shows that San Francisco isn’t dead,” he said, adding he believes “there's an appetite for things to change” despite negative media narratives. This month, Air China resumed direct flights between San Francisco and Beijing after suspending flights just before the pandemic. —-Associated Press journalists Haven Daley in San Francisco and Huizhong Wu in Bangkok contributed to this report.
Persons: Joe Biden, Xi Jinping, London Breed, Breed, , , Gavin Newsom, Newsom, Janet Yellen, Karl Kramer, LaunchSquad, Gilbert Manirakiza, Chotto Matte, Kurt Zdesar, San Francisco isn’t, , Azalina Eusope, ” Eusope, Jennifer Friedenbach, San Francisco, Emily Cohen, Malcolm Yeung, Haven Daley, Huizhong Wu Organizations: FRANCISCO, Economic Cooperation, Francisco's, United Nations, London, Associated Press . California Gov, San Francisco, Fox, Treasury, San, APEC, San Francisco Living Wage Coalition, San Francisco Giants, dreamers, Coalition, Homelessness, city's Department of Homelessness, Air China, Chinatown Community Development Center, Associated Press Locations: San Francisco, Asia, United, Francisco, San, U.S, Israel, Kenya, Chinatown, Malaysian, Tenderloin District, Beijing, Tourism, China, Bangkok
HONG KONG (AP) — Hong Kong’s leader on Wednesday cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub. Official data showed that a 15% year-on-year drop in home prices last December, and a 39% yearly decline in the volume of residential property transactions in 2022. A former security chief handpicked by Beijing to lead Hong Kong, Lee also is aiming to enact the city's own security law next year. But the city's constitution requires Hong Kong, a semi-autonomous territory, to enact its own laws for acts such as treason, secession and subversion. “External forces continue to meddle in Hong Kong affairs,” Lee said, without elaborating.
Persons: Hong, John Lee, Lee, ” Lee Organizations: British Locations: HONG KONG, China, Hong Kong, Beijing
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