Cannabis craze comes to China stocks, drawing regulator’s ire

Chinese companies linked to cannabis growing tumbled yesterday, as regulators put the squeeze on one of the year’s hottest trades. Shanghai Shunho New Materials Technology Co.

Britain slams Huawei for failing to address security risks

Chinese telecommunication equipment giant Huawei Technologies Co. is putting U.K. national security at risk by failing to improve its devices and software, according to a report

A must-have for Hong Kong’s rich: USD75 million bespoke homes

The world’s ultra-rich are used to bespoke touches in life, from custom-made suits to tailored financial advice. But what happens when you apply that approach to property,

Corporate Bits | Sands cares ambassadors complete training workshop to enhance skills

Around 40 Sands Cares Ambassadors recently completed a training workshop to help them better serve the community. The workshop aimed to enhance the service quality of their volunteer

Aviation | China suspends airworthiness certificate for Boeing 737 Max

China suspended a certificate of airworthiness for Boeing Co.’s 737 Max jet, saying it needs to review a proposed modification before determining whether the plane is

Women’s Month | Melco invites female figures to ‘Best I Can Be’

Melco Resorts & Entertainment hosted Melco Women’s Forum yesterday, with the theme “Best I Can Be,” inviting female figures to give keynote speeches and take part

Aviation | Airbus secures USD35b China deal in new blow to Boeing

Airbus SE secured a USD35 billion jet deal from China during a state visit by President Xi Jinping to the French capital, dealing a fresh blow

Cathay said to buy HK’s only budget carrier

Cathay Pacific Airways Ltd. agreed to buy Hong Kong’s only budget carrier to expand into the no-frills market, the South China Morning Post said, citing sources familiar

Corporate Bits | BNU donates mop750,000 to university of macau

Banco Nacional Ultramarino (BNU) has donated a total of MOP750,000 to the University of Macau (UM), a sum based on the percentage of retail spending through the BNU

The Buzz | Uber acquires Mideast competitor Careem for USD3.1 billion

Ride-hailing service Uber announced on Tuesday it has acquired Mideast competitor Careem for USD3.1 billion, giving the San Francisco-based firm the commanding edge in a region with a

China has a lot of financial opening up to do, says central bank

The openness of China’s financial markets to the rest of the world isn’t high, so there’s a lot of room for increased access, according to People’s Bank

Fake Chinese range rovers barred in rare mainland court victory

A Chinese court ordered a local carmaker to stop selling a copycat version of the Range Rover Evoque in China, a rare legal victory for foreign companies locked

Corporate Bits | Melco Green week raises environmental awareness

Melco Resorts & Entertainment has hosted a series of green-related events to raise environmental awareness in the community, targeting both employees and members of the wider local community.

Long-awaited video service expected from Apple today

Apple is expected to announce today that it’s launching a video service that could compete with Netflix, Amazon and cable TV itself. It’s a

Medicine | China pledges stronger reform on approving, monitoring new drugs

China pledged to improve its system for registering new drugs in the country this year and more closely monitor those medicines after they’ve entered the market, part

Alibaba buys Israeli AR startup

Chinese e-commerce giant Alibaba Group Holding Ltd. has acquired Israeli startup Infinity Augmented Reality, after investing in the company three years ago. InfinityAR will join Alibaba’s

Tencent profit misses estimates as games slip, costs swell

Tencent Holdings Ltd. posted a quarterly profit that missed analysts’ estimates after it spent heavily on cloud and mobile payments businesses to offset a gaming slowdown.

Aviation | Boeing 737 crisis imperils Norwegian’s cut-price US routes

Norwegian Air Shuttle ASA’s reliance on the fuel- saving Boeing Co. 737 Max to underpin its ultra low-cost trans-Atlantic strategy has exposed the loss- making carrier as

Xi says China-Italy pact offers closer ties in strategic sectors

Chinese President Xi Jinping, brushing aside U.S. and European concerns ahead of his visit to Rome (more on p11), offered Italy a “global strategic partnership” stretching from

Tourism | Club Med touted as ex-President looks to secure Comoros vote win

Former Comoros President Azali Assoumani said leisure companies including Club Med may invest in the Indian Ocean archipelago, as he vowed to boost the tourism industry if

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