The Chinese government’s veto of CK Hutchison Holding’s port sales in Hong Kong has increased geopolitical risks for businesses in the city, potentially forcing companies to choose between the US and China amid strained ties. The move imperils Hong Kong’s role as a bridge between China and the world, with potential repercussions for foreign and mainland Chinese businesses. Beijing’s interference in the deal may signal a shift in how freely business transactions can occur without political interference in Hong Kong, impacting future investment decisions and global relations.
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Workers’ Party co-opts new members into its Central Executive Committee
The Workers' Party of Singapore has co-opted four new parliamentarians, including two Non-Constituency Members of Parliament, into its Central Executive Committee following a recent meeting. Newly appointed members include Abdul Muhaimin Abdul Malik as deputy organising secretary and Eileen Chong as youth wing president, as the party prepares for the upcoming parliamentary session starting September 5. Need More Context? 🔎
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