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Two Teenage Protesters Shot by Hong Kong Police

Nov.10 — Hong Kong police confirm they shot two protesters Monday morning. Demonstrators had called for a general strike after a student protester died on Friday and pro-democracy lawmakers were arrested over the weekend. Bloomberg’s Dan Ten Kate reports on “Bloomberg Markets: China Open.” …read more […]

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Amazon's $1.5 million political gambit backfires in Seattle City Council election

Seattle voters, in a rebuke to heavy corporate campaign spending by Amazon.com, have kept progressives firmly in control of their city council, reviving chances for a tax on big businesses that the tech giant helped fend off last year. Amazon poured a record $1.5 million into a Super PAC run by the Seattle Metropolitan Chamber of Commerce to back a slate of candidates in the Nov. 5 council elections viewed as pro-business, or at least more corporate friendly than the incumbent council majority. Amazon, the world’s leading online retailer whose chief executive is billionaire entrepreneur Jeff Bezos, accounted …read more […]

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UPDATE 2-Alibaba Singles' Day sales hit $23 bln in first nine hours

* Alibaba event is akin to Black Friday, Cyber Monday in U.S. HANGZHOU, China, Nov 11 (Reuters) – Chinese e-commerce giant Alibaba Group Holding Inc on Monday said sales for its annual Singles’ Day shopping blitz hit 158.31 billion yuan ($22.63 billion) in its first nine hours, up 25% from 126.72 billion yuan at the same point last year. Akin to Black Friday and Cyber Monday in the United States, Singles’ Day has been promoted as a shopping fest by Alibaba Chairman and Chief Executive Daniel Zhang since 2009, growing rapidly to become the world’s biggest online sales …read more […]

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Global Markets: Asian shares give up gains as HK chaos hits sentiment

Asian shares reversed gains on Monday, the yen ticked higher and gold jumped as fresh violence broke out in Hong Kong, while uncertainty still remained over whether the United States and China could end their damaging trade war. Hong Kong’s Hang Seng index led the losses in Asia, down more than 1%, after police fired live rounds at protestors on the eastern side of Hong Kong island. Cable TV and other Hong Kong media reported at least one protester being wounded. …read more […]