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E-commerce stocks sink to 2-year lows

  Bloomberg Shares of e-commerce companies from Etsy Inc to Shopify Inc tumbled after weaker-than-expected quarterly earnings and forecasts deepened concern that the pace of online shopping has slowed. Etsy sank 17% after providing a second-quarter gross merchandise sales forecast that fell short of analyst expectations, while Canada’s Shopify dropped 15% in New York trading after merchandise volume and revenue ...

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Hong Kong’s next leader seeks better integration with China

Bloomberg John Lee, named Hong Kong’s next chief executive in a rubber-stamp election that’s been criticised as unfair, vowed to strengthen national security and accelerate the city’s integration with mainland China. Speaking in Cantonese and English shortly after his victory was announced, the former police official and security minister outlined his service to China and Hong Kong and said his ...

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US first lady Jill Biden pays surprise visit to Ukraine

Bloomberg US first lady Jill Biden crossed into Ukraine from Slovakia for an unannounced visit. Hungary continues to block the European Union’s latest package of sanctions against Russia, and Sunday’s talks in Brussels ended without an agreement. President Volodymyr Zelenskiy issued a video to mark Ukraine’s Day of Remembrance and Reconciliation, a day before Russian President Vladimir Putin is expected ...

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