Cathay Pacific Airways Ltd. shares climbed the most in nearly 12 years after a Chinese state-run newspaper tweeted that Hong Kong’s airport may restart transfer flights to mainland China, a move that could inject the beleaguered carrier with some much-needed passenger traffic.
The tweet from the Global Times added fuel to Cathay’s Wednesday morning rally, pushing it to a 12% gain, its biggest since October 2008. Shares closed at HK$5.88 in Hong Kong. The newspaper cited a source it didn’t ident…
Jeff Bezos to open first nonprofit preschool in Washington as part of $2 billion ‘Day One Fund’ – CNBC
The school is being launched by nonprofit organization “Bezos Academy,” which is overseen by the Amazon CEO’s philanthropic endeavor.
Jeff Bezos is set to open the first location of his network of nonprofit preschools that are overseen by his philanthropic “Day One Fund.”
In an Instagram post on Tuesday, the Amazon CEO said the first preschool will be based in Des Moines, Washington. The school is being launched by a non-profit organization called Bezos Academy.
The school will open for in-person classes on October 19, the Day One Academies Fund said. It’s a single-person school that’s planned to accommodate about a dozen st…
Blame the system for FinCen files, not the banks, experts urge – CNBC
The leaked FinCen files which sent banking stocks tumbling on Monday should be viewed as exposing flaws in the regulatory system, not wrongdoing by banks, sever…
HSBC’s U.K. headquarters are seen at the Canary Wharf financial district of London on July 31, 2018.
LONDON The leaked FinCen files which sent banking stocks tumbling on Monday should be viewed as exposing flaws in the regulatory system, not wrongdoing by banks, several financial crime experts have told CNBC.
The files, obtained by Buzzfeed and the International Consortium of Investigative Journalists and released over the weekend, contain Suspicious Activity Reports (SARs) filed with the U.S…
Amazon Restricts Advertising From Rival Device Makers on Its Site – The Wall Street Journal
Some makers of smart speakers, video doorbells and other hardware hit roadblocks buying key ads in search results; gadgets made by e-commerce giant get edge
Amazon.com Inc. is limiting the ability of some competitors to promote their rival smart speakers, video doorbells and other devices on its dominant e-commerce platform, according to Amazon employees and executives at rival companies and advertising firms.
The strategy gives an edge to Amazons own devices, which the company regards as central to building consumer loyalty. It puts at a disadvantage an array of gadget makers such as Arlo Technologies Inc. that rely on Amazons site for a significa…
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