TAIPEI, Taiwan—For Lam Wing-kee, a Hong Kong bookstore owner who was detained by police in China for five months for selling sensitive books about the Chinese Communist Party (CCP), coming to Taiwan was a logical step. An island just 640 kilometers (400 miles) from Hong Kong, Taiwan is close not just geographically but also linguistically…
Japan’s Inflation Tops Central Bank’s Target for 2nd Month in Test of Monetary Stance
TOKYO—Japan’s annual core consumer inflation topped the central bank’s target for a second straight month in May, data showed on Friday, highlighting the intensifying pressure on the country’s fragile economy from soaring global raw material costs. The data challenges the Bank of Japan’s (BOJ) view that the recent rise in prices is temporary, and does…
Judge Makes Jury’s $10.3 Million Award Official in Depp–Heard Trial
ALEXANDRIA, Va.—The judge in the Johnny Depp-Amber Heard defamation trial made a jury’s award official Friday with a written order for Heard to pay Depp $10.35 million for damaging his reputation by describing herself as a domestic abuse victim in an op-ed piece she wrote. Judge Penney Azcarate entered a judgment order into the court…
2 Dead, Several ‘Seriously Injured’ in Oslo Nightclub Shooting
Two people are dead and more than a dozen injured in a mass shooting at a nightclub in Oslo in the early hours of Saturday morning, Norwegian police said. The shooting took place outside the London Pub, a popular gay bar and nightclub, in the center of the Norwegian capital, Reuters reported. According to local…
US Mortgage Delinquency Rates Hit A Record Low In May
June 25, 2022
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Business & MarketseconomyforeclosuresinflationInvestmentMarketsmortgage paymentspersonal financereal estateUS Real Estate
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The number of borrowers in a state of delinquency from not making their mortgage payments on time in the U.S. declined five basis points from April at 2.80 percent to 2.75 percent in May, continuing the downward trend since March, with another new low. The national delinquency rate started to decline in March, according to the May…
Indonesia Mulls Tax-Free, 5-year Visa for Digital Nomads Staying in Bali
Indonesia is mulling a digital nomad visa that would allow travelers to live in Bali without paying taxes for five years to attract 3.6 million foreign travelers to the island, according to its Tourism Minister. The proposed digital nomad visa would allow remote workers whose earnings come from outside Indonesia to stay tax-free in Bali,…
Woman Dozes Off on Train Tracks, Escapes Injury as Train Screeches to Halt
A Prince Albert, Sask., woman has narrowly escaped serious injury after falling asleep between a set of train tracks. Deputy Fire Chief Alex Paul said it was a matter of inches between the bottom of the train engine and the woman as the train came screeching to a stop on top of her Thursday morning….
Goldman Sachs Warns Inflation Scare Ads Could Lead to ‘Upside Risk’
Goldman Sachs has warned investors that midterm election ads focused on inflation could prove to be a self-fulfilling prophecy, forcing the Federal Reserve to tighten monetary supply even more aggressively to prevent a wage-price spiral from spinning out of control. “Potential further increases in food and gas prices are the main upside risk to consumer…
Goldman Sachs Warns Inflation Scare Ads Could Cause Self-Fulfilling Prophecy
Goldman Sachs has warned investors that a midterm election season focused on inflation could prove to be a self-fulfilling prophecy, forcing the Federal Reserve to tighten monetary supply even more aggressively to prevent a wage-price spiral from becoming out of control. “Potential further increases in food and gas prices are the main upside risk to…
New Book Reveals 5-Year Diary Record of Hong Kong’s Last Governor
June 24, 2022
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British colonyChinaChris PattenHK Current AffairsHong KongHong Kong Umbrella MovementHong Kong Watch
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Lord Christopher Patten, the last governor of Hong Kong, responded to the controversy over whether Hong Kong was once a colony at the launch of his new book on June 20. He said, “As the last Governor of Hong Kong, I do exist, and I am not a person made out of imagination.” This question…
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