Faulty component could have caused “extensive damage” to Cathay Pacific jet, report finds

HONG KONG — Hong Kong’s air safety authority said Thursday that a defect in an engine component of a Cathay Pacific Airways Airbus A350 that caused a fire, forcing a Zurich-bound flight to return to Hong Kong, could have caused “extensive damage” to the aircraft. The report on the Sept. 2 incident by Hong Kong’s […]

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Meta lays off staff at WhatsApp and Instagram to align with ‘strategic goals’

Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.” Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.” A Meta spokesperson confirmed in a statement that some teams were […]

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China to boost financing for approved housing projects to $560 billion to counter property slump

HONG KONG — China will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), officials said Thursday in Beijing’s latest moves to reverse a slump in the property industry. Minister of Housing and Urban-Rural Development Ni Hong said during a news conference Thursday in Beijing […]

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China to boost financing for approved housing projects to $560 billion to counter property slump

HONG KONG — China will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), officials said Thursday in Beijing’s latest moves to reverse a slump in the property industry. Minister of Housing and Urban-Rural Development Ni Hong said during a news conference Thursday in Beijing […]

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China’s exports slow sharply in September, adding to worries over the economy

HONG KONG — China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world’s second-largest economy. Exports rose 2.4% in dollar terms from a year earlier last month, down from 8.7% year-on-year growth in August, the Chinese customs office reported Monday. Imports rose just 0.3% […]

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China’s exports slow sharply in September, adding to worries over the economy

HONG KONG — China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world’s second-largest economy. Exports rose 2.4% in dollar terms from a year earlier last month, down from 8.7% year-on-year growth in August, the Chinese customs office reported Monday. Imports rose just 0.3% […]

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China announces more support for economy but holds back on major spending package

HONG KONG — China’s economic planning agency outlined details of measures aimed at boosting the economy on Tuesday but refrained from major spending initiatives. The piecemeal nature of the plans announced Tuesday appeared to disappoint investors who were hoping for bolder moves, and Shanghai’s benchmark gave up a 10% initial gain as markets reopened after […]

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China announces more support for economy but holds back on major spending package

HONG KONG — China’s economic planning agency outlined details of measures aimed at boosting the economy on Tuesday but refrained from major spending initiatives. The piecemeal nature of the plans announced Tuesday appeared to disappoint investors who were hoping for bolder moves, and Shanghai’s benchmark gave up a 10% initial gain as markets reopened after […]

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Faulty component could have caused “extensive damage” to jet, report finds

HONG KONG — Hong Kong’s air safety authority said Thursday that a defect in an engine component of a Cathay Pacific Airways Airbus A350 that caused a fire, forcing a Zurich-bound flight to return to Hong Kong, could have caused “extensive damage” to the aircraft. The report on the Sept. 2 incident by Hong Kong’s […]

Continue Reading

Meta lays off staff at WhatsApp and Instagram to align with ‘strategic goals’

Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.” Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.” A Meta spokesperson confirmed in a statement that some teams were […]

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