Goldman’s Solomon Says US Recession Odds Decreased, HKEJ Reports
Goldman Sachs Group Inc. Chief Executive Officer David Solomon said the chance of a US recession fell meaningfully
2023-11-13 12:55
China’s Consumption Recovery Is Losing Momentum, Data Show
China’s consumption rebound slowed and private business confidence lost momentum in October, according to independent surveys and alternative
2023-11-13 12:54
Goldman Downgrades Hong Kong-Traded China Stocks, Raises India
Goldman Sachs Group Inc. lowered its rating on Hong Kong-traded China stocks due to low earnings growth and
2023-11-13 12:30
Senator Tim Scott Drops Out of Republican Presidential Race
South Carolina Senator Tim Scott is ending his presidential campaign, a long-shot bid to offer an alternative to
2023-11-13 12:19
US Strikes at Iran-Linked Targets in Syria, Casualties Likely
The US struck facilities in eastern Syria used by Iran’s Islamic Revolutionary Guard Corps and affiliated groups on
2023-11-13 12:18
Korea’s Kosdaq Index Set to Erase All Gains From Shorting Ban
The boost to South Korean stocks from the nation’s move to ban short-selling has quickly faded, with an
2023-11-13 11:48
Shiseido Posts Biggest Drop in 16 Years After Forecast Cut
Shiseido Co. posted its steepest decline in 16 years after the Japanese cosmetics maker cut its full-year profit
2023-11-13 11:48
Grindavik couple fear losing their home after evacuating: ‘It’s a pretty grim situation’
A man who evacuated from a town in Iceland after earthquakes put the region on alert for a volcanic eruption said he fears he might never see his home again. Caitlin McLean, from Scotland, was visiting her boyfriend, Gisli Gunnarsson, in Grindavik when they were forced to flee his home at midnight on Friday, packing only a few essential items, to stay with Mr Gunnarsson’s mother in Reykjavik. Police evacuated Grindavik after seismic activity in the area moved south towards the town, with a corridor of magma, or semi-molten rock, now thought to be extending under the community, Iceland’s Meteorological Office said. Ms McLean, 34, captured the moment the furniture and light fixtures shook violently in Mr Gunnarsson’s home on Friday. “At around four on Friday, (the earthquakes) just started being non-stop. Just constant big quakes for hours,” Mr Gunnarsson, 29, told the PA news agency The music composer, who was born and raised in Grindavik, described the situation as “grim”. He said: “First and foremost, the thought that you might never see your home town ever again, that’s tough. “We all rushed out of (Grindavik) so quickly, in a matter of hours, so we didn’t really think at the time that might possibly be the last time we see our home, so that’s been difficult. “It’s a pretty grim situation at the moment.” Ms McLean, an artist, added that the situation has been “difficult” for people to understand. She told PA: “I think it’s difficult for the residents to really process that. “I think everyone’s still a wee bit shocked and it’s not really sinking in there is a possibility they’re not going to be able to go home.” It's a pretty grim situation at the moment Gisli Gunnarsson, resident of Grindavik Ms McLean has urged volcano enthusiasts to avoid the area and “be respectful” to people whose homes have been affected. She said: “I would definitely say there’s been quite a lot of people wanting to fly over (to Iceland), like people that are interested in volcanoes and lava. “They’re trying to keep tourists away because there’s been people already trying to fly drones over the town. “I understand for a lot of people this is a big spectacle, but these people are losing their homes potentially, so just to be respectful.” Mr Gunnarsson said the earthquakes on Friday were the worst he has experienced. “Not even the search and rescue are really going (to the town) at the moment. “The uncertainty is too high and it’s ready to pop at any moment, the eruption,” he said. The Blue Lagoon geothermal spa, one of Iceland’s biggest tourist attractions, said on Thursday it would close until November 16 due to the risk of an eruption.
2023-11-13 11:25
K-Pop Giant Hybe Buys Its First Latin Music Company
Hybe Co., the South Korean music company behind pop groups BTS and NewJeans, has acquired the music division
2023-11-13 11:16
Japan’s Input Inflation Slows Below 2% For First Time Since 2021
The pace of gains in Japan’s producer prices decelerated more than expected in October to the weakest in
2023-11-13 10:51
One Dose of Lilly’s Novel Heart Drug Cut Risk Factors for a Year
A single dose of an experimental drug from Eli Lilly & Co. cut by 94% a risk factor
2023-11-13 09:27
RBA’s Kohler Sees Further Price Cooling Being More Drawn Out
Australia’s inflation rate is “still too high” and the next stage in bringing it back down to target
2023-11-13 09:18