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Hong Kong’s rich preparing for likely worst-case scenario

Bloomberg One Hong Kong businessman moved $10 million to Singapore and plans to transfer more. Another is eyeing London property, worried that prices in Hong Kong are too high. Well-to-do families across the city are opening offshore bank accounts and applying for alternative passports. While it doesn’t add up to an exodus just yet, Hong Kong’s rich are increasingly hedging ...

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Monsoon to reach India’s financial capital, says IMD

Bloomberg The southwest monsoon, which waters more than half of India’s farmland, was expected to cover the entire western Maharashtra state including Mumbai in the next 24 hours, potentially hurting efforts to fight the virus outbreak in the city that’s emerged as the epicenter of infections in the South Asian nation. Conditions are becoming favourable for the weather system to ...

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India’s Dharavi offers model for nations to contain virus

Bloomberg India’s Dharavi, the continent’s most crowded slum, has gone from coronavirus hotspot to potential success story, offering a model for developing nations struggling to contain the pandemic. Authorities have knocked on 47,500 doors since April to measure temperatures and oxygen levels, screened almost 700,000 people in the slum cluster and set up fever clinics. Those showing symptoms were shifted ...

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