HSBC contemplates complete exit from US retail banking

HSBC Holdings Plc is considering offloading its struggling retail network in the U.S., a market the British bank has called one of its biggest strategic challenges. The bank’s management is looking

MGM partners with MSO to organize lion dance performance program

With the aim of introducing lion dance and the inheritance of Lingnan culture to the younger generation, MGM partnered with Macau Special Olympics (MSO) to organize a series of school performances for the MSO

Sands launches festive promotions

Sands Resorts Macao and Sands Macao have kicked off the festive season with promotions on accommodation, retail, dining and spa treatments. Celebratory offers can be enjoyed from now until March

Formula One | Hamilton wins Bahrain GP, Grosjean escapes burning car

Formula One champion Lewis Hamilton won a crash-marred Bahrain Grand Prix where Romain Grosjean somehow escaped with only minor burns after his car exploded into a fireball. The 34-year-old French driver

Football | Clash of heads raises concerns as Wolves beat Arsenal

Arsenal 1, wolves 2 The sound of the thud from a clash of heads just added to concern. The game was only five minutes old at the Emirates Stadium when Wolverhampton forward

The Buzz | Oil retreats on signs of OPEC+ discord ahead of key meeting

Oil dropped below $45 a barrel as a consensus within OPEC+ to postpone an output hike planned for January remained elusive ahead of a meeting of the cartel’s power brokers

Biden chooses an all-female senior White House press team

President-elect Joe Biden will have an all-female senior communications team at his White House, reflecting his stated desire to build out a diverse White House team as well as what’s

World Views | Like Trump, Biden is transactional. That’s not a bad thing

Joe Biden ran as the antithesis of Donald Trump: an experienced, dignified and empathetic leader who could bridge America’s political, racial and class divides. The success of the Biden administration,

Tuesday, December 1, 2020 – edition no. 3669

— Heated debate at the Legislative Assembly after Secretary Wong Sio Chak presented his views on National Security with the majority standing on the government’s page * Influx of arrivals may

MGTO to push ‘Tourism+MICE+Sports’ development next year

The SAR government will pursue a strategic focus of merging the tourism; meetings, incentives, conferences, and exhibitions (MICE); and sports sectors next year to broaden the city’s tourism appeal, Director

Policy Address | Economy chief calls on public to spend cash handouts locally

The Secretary for Economy and Finance Lei Wai Nong has encouraged local residents to use the money from next year’s cash handout scheme to boost the local economy. During Friday’s Legislative

Policy Address | IPIM case halted over 600 applications from progressing

  The court case involving the unlawful granting of residency by several high-ranked officials from the Macao Trade and Investment Promotion Institute (IPIM) has caused over 600 other applications to be

Economy | Gov’t: 2020 GDP expected to shrink by over 50%

Gross domestic product (GDP) for the entirety of 2020 is expected to temporarily shrink by over 50%, according to Secretary for Economy and Finance Lei Wai Nong. During Friday’s Legislative Assembly

Policy Address | Lei: No in-depth review of Macau Stock Exchange in Hengqin

Secretary for Economy and Finance Lei Wai Nong said that he has not “conducted an in-depth review” of a Macau Stock Exchange in Hengqin. The National Development and Reform Commission of

Pedro Chiang’s lawyer says news of detention for extradition is a fallacy

The lawyer representing businessman Pedro Chiang has clarified the news aired on some local media outlets that his client had been arrested in Portugal and is waiting to be extradited

SME grows with Sands China’s platform

For small and medium enterprises (SMEs) and micro-enterprises, having products of good quality is not enough; they need a solid platform as a stepping stone to grow and expand their

Frozen meat from Brazil and Vietnam tested negative for Covid-19

  The Municipal Affairs Bureau (IAM) has confirmed that frozen goods imported to Macau from a Brazilian meat export company and Vietnamese seafood factory have tested negative for Covid-19. The IAM

Sun Yingsha and Ma Long crowned in WTT Macao

Sun Yingsha in the female section and Ma Long in the male category won the World Table Tennis Macau (WTT Macao) event yesterday evening. After five days of competition at the

Aug-Oct unemployment unchanged at 2.9%

The city’s general unemployment rate was at 2.9% in the August to October period in 2020. This stayed unchanged from the previous period between July to September, the Statistics and

Apple suppliers’ exodus from China won’t slow down under Biden

The splintering of the global tech supply chain that began during President Donald Trump’s watch looks set to persist under his successor. Apple Inc., the largest of the many tech giants

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