The House of Representatives on Wednesday passed legislation condemning China for the detention and torture of Uighur Muslims in the country's western region of Xinjiang as tensions between the U.S. and China continue to escalate.
Facebook CEO Mark Zuckerberg tells CNBC that letting employees work remotely will improve retention, boost local economies and help the environment. But the company will have to make sure remote workers get the same opportunities for career advancement.
The ad market will reduce by 8.1%, or $49.6 billion, according to data from the World Advertising Research Center (WARC), compared to a previously forecast growth of 7.1%.
A smaller decision-making body under China's National People's Congress, the Standing Committee, will now proceed to work on the specifics of the legislation and implement them in Hong Kong.
Should the U.S. Federal Reserve opt to take its benchmark funds rate into negative territory, it will need to "go deeply negative" with a cut of between 50-100 basis points below zero, according to Standard Chartered Bank.
Chinese Premier Li Keqiang used a key meeting at the National People's Congress on Thursday to emphasize the opportunities China offers to foreign businesses, in the wake of the coronavirus shock.
The coronavirus pandemic may have brought most of the global property market to a standstill but in Sweden, which never fully went into lockdown, a village has gone up for sale for 70 million Swedish krona ($7.3 million).
The U.S. and China have in recent days clashed over Beijing's plan to introduce a new national security law in Hong Kong. The U.S. criticized China's move for undermining Hong Kong's autonomy, while China accused the U.S. for interfering in its internal affairs.
Orient Capital Research's Andrew Collier tells CNBC why he is "very nervous" about the whole situation surrounding Hong Kong following the proposal of a national security law by China.
Hong Kong's special status with the U.S. now appears to be under threat, as U.S.-China tensions ramped up after Beijing proposed a new security law for the Chinese special administrative region.