Charleston Lim
Writer
The Latest
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Japan Imposes Tighter Foreign Ownership Rules On Key Firms For National Security
Japan released a list of 518 Japanese firms that will be subject to stricter foreign investment rules to ensure national security. 
Japan released a list of 518 Japanese firms that will be subject to stricter foreign investment rules to ensure national security. -
California Democrat Lashes Out At Elon Musk Over Pullout Threat
Democratic Assemblywoman Lorena Gonzalez dropped the F-bomb on Twitter in direct response to Elon Musk's threat to pull out Tesla's headquarters from California. 
Democratic Assemblywoman Lorena Gonzalez dropped the F-bomb on Twitter in direct response to Elon Musk's threat to pull out Tesla's headquarters from California. -
US Unemployment Claims Hit Record 33 Million After 3.17 Million Filings Last Week
The US Labor Department revealed that the additional 3.17 million new claims submitted last week have pushed the country's unemployment benefit claims to more than 33 million. 
The US Labor Department revealed that the additional 3.17 million new claims submitted last week have pushed the country's unemployment benefit claims to more than 33 million. -
UBS Taps Former China Banking Watchdog Official As New Asia Strategy Head
UBS has hired former CBIRC and PBOC senior official, Alan Wang, as its new managing director for its Chinese businesses. 
UBS has hired former CBIRC and PBOC senior official, Alan Wang, as its new managing director for its Chinese businesses. -
Tesla Extends Production Suspension At Shanghai Gigafactory
Management at Tesla's Shanghai Gigafactory informed workers to extend their Labor Day breaks and to return to work a few days later than initially announced. 
Management at Tesla's Shanghai Gigafactory informed workers to extend their Labor Day breaks and to return to work a few days later than initially announced. -
Sinclair Broadcasting Hit With $48 Million FCC Penalty
Sinclair Broadcast Group, the country's largest owner of local television stations, agreed to pay the hefty $48 million fine to settle three separate FCC investigations against it. 
Sinclair Broadcast Group, the country's largest owner of local television stations, agreed to pay the hefty $48 million fine to settle three separate FCC investigations against it. -
Neiman Marcus Is Latest US Retailer To File For Bankruptcy Protection
Neiman Marcus Group aims to come out of bankruptcy by fall with a $750 million package from its creditors that also supported its bankruptcy filing. 
Neiman Marcus Group aims to come out of bankruptcy by fall with a $750 million package from its creditors that also supported its bankruptcy filing. -
HKEX Longest-Serving CEO Charles Li To Step Down Next Year
The 59-year old former banker confirmed that he will no longer be renewing his contract, which will end in October 2021. 
The 59-year old former banker confirmed that he will no longer be renewing his contract, which will end in October 2021. -
United Airlines Plans To Raise $2.25 Billion Through Bond Offering
United plans to raise up to $2.25 billion through a bond offering, which will be released in two tranches that will mature in 2023 and 2035. 
United plans to raise up to $2.25 billion through a bond offering, which will be released in two tranches that will mature in 2023 and 2035. -
Uber To Cut 3,7000 Jobs Amid Slump In Ride-Hailing Operations
Apart from its hiring freeze, Uber is planning to cut roughly 14 percent off its global workforce to save on costs. 
Apart from its hiring freeze, Uber is planning to cut roughly 14 percent off its global workforce to save on costs.
