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US regulators rebuke CCB over anti-money laundering loopholes

US regulators are scolding China Construction Bank Corp. (CCB) for failing to spot money laundering. The rebuke comes after loopholes were in found in its New York branch to tackle the illegal movemen ...More

EJ Insight2015-07-22

Local leaders worldwide back pope's warning on climate change

... said. New York Mayor Bill de Blasio called Pope Francis "the most powerful voice on this earth for those whose voice is not being heard". De Blasio announced that New York City would commit to reduce ...More

EJ Insight2015-07-22

Why readers will continue to buy Next Magazine

... f the New York Times and the Financial Times in the western world have proven that the paid subscription model for traditional media is still viable in the digital era. It's time for Next Magazine to ...More

EJ Insight2015-07-21

Commuters bear teething pains as China megacity takes root

Each morning at 5:30, Liu Desheng joins a dozen retirees waiting for the express bus to central Beijing from Yanjiao, a small city in Hebei province, The New York Times reported. They stand at the fr ...More

EJ Insight2015-07-20

Sex, drugs and lies: Bill Cosby admits seductions

American comedian Bill Cosby said he paid women off after persuading them to have sex with him, using his power in the entertainment industry as a lure. In a deposition obtained by the New York Times, ...More

EJ Insight2015-07-20

S Korea NIS agent denies domestic spying in suicide note

... o the New York Times. The incident comes as a former spy chief is on trial on charges of leading a secret online smear campaign against the rivals of Park Geun-hye, who won South Korea’s 2012 presiden ...More

EJ Insight2015-07-20

Dalai Lama: Beijing pretending to know about reincarnation

... d the New York Times in an interview, laughing. “The Chinese Communists should accept the concept of rebirth. Then they should recognize the reincarnation of Chairman Mao Zedong, then Deng Xiaoping. T ...More

EJ Insight2015-07-17

Fitch warns of challenges to Chinese reforms after sell-off

... , the New York Times reported Monday. It quoted Dawn Fitzpatrick, chief investment officer of UBS O’Connor, a US$5.6 billion hedge fund, as saying “this is a huge setback for Chinese capital market li ...More

EJ Insight2015-07-17

Pluto probe survives encounter, phones home

...  from New York to Mumbai — from Pluto. But right on time, New Horizons made radio contact with flight controllers at the Johns Hopkins University Applied Physics Lab outside Baltimore, sparking a wave ...More

EJ Insight2015-07-15

Garner family reaches US$5.9 mln settlement over chokehold death

New York City has agreed to pay US$5.9 million to the family of Eric Garner, who died after being put in a chokehold by police last July, Reuters reported. Garner's death, along with the fatal shootin ...More

EJ Insight2015-07-14

China likes lawyers even less than you do

... d the New York Times. Among those who were detained and questioned by police was Feng Zhenghu, a veteran human rights activist based in Shanghai. "The government asked us not to poke our nose into thi ...More

EJ Insight2015-07-14

Rapper 50 Cent files for bankruptcy after sex tape suit

...  in a New York state court, accusing him of posting the sexually explicit videotape and seeking payment for the unauthorized use of her image and damages for emotional distress. Leviston said the reco ...More

EJ Insight2015-07-14

Boy Scouts panel allows gay adults to serve as leaders

... eater New York Council of Boy Scouts. Membership in the Boy Scouts of America has been steadily declining during the past decade, but the 2013 decision to allow gay youth contributed to a steeper drop ...More

EJ Insight2015-07-14

China rights lawyers detained; nationwide crackdown feared

Chinese police have detained at least five human rights lawyers in Beijing, the New York Times reported. The lawyers have been accused of running a criminal syndicate to smear the Communist Party and ...More

EJ Insight2015-07-13

Signaling problem: Why the Observatory still doesn't get it

... hat after York skirted Hong Kong in September 1999, the Observatory did not raise the No. 10 signal for 12 years. To be fair, numerous factors such as El Niño and global warning could have been respon ...More

EJ Insight2015-07-10

Secondary one textbooks can cost up to HK$4,700

Parents may have to spend up to HK$4,700 (US$606) for secondary one textbooks this year. Apple Daily compared prices from 44 secondary schools and found that TWGH Mrs. Wu York Yu Memorial College has ...More

EJ Insight2015-07-10

Microsoft writes off Nokia, eyes massive job cuts

... , The New York Times reported. He announced a broad rethinking of the firm's strategy, a change that includes cutting up to 7,800 jobs, mostly from the phone business, and writing off nearly all the v ...More

EJ Insight2015-07-09

Computer glitch halts NYSE for four hours

Technical problems forced a nearly four-hour halt of trading on the New York Stock Exchange Wednesday, rattling investors and traders unnerved by volatility in the financial markets, The Wall Street J ...More

EJ Insight2015-07-09

China stock market collapse bigger concern than Greece: S&P

...  to a New York Times report Wednesday, frustrated European leaders extended the deadline to Sunday after the Greek government failed to offer new proposals at the Tuesday meeting. "The situation is re ...More

EJ Insight2015-07-08

Hong Kong challenge: Can you live on HK$12,000 a month?

No one can deny that living in Hong Kong is expensive. The latest annual survey by the New York-based human resources consulting firm Mercer finds our city the second most expensive among 207 urban ce ...More

EJ Insight2015-07-08

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