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Hong Kong retail slump continued in April

Bloomberg Hong Kong’s retail activity extended a decline in April as the coronavirus pandemic continued to constrain global travel. The city’s retail sales by value fell 36.1% from year-ago levels to HK$24.1 billion ($3.1 billion), for a 15th consecutive monthly decline, according to a government release. That’s ahead of the median economists’ forecast for a 40% slump, according to data ...

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Trump threatens to use troops to crush unrest across US cities

Bloomberg President Donald Trump threatened to deploy the US military to end “riots and lawlessness” across the country in a Rose Garden address punctuated by the sound of explosions as federal officers dispersed peaceful demonstrators just outside the White House gates. Trump called on governors and mayors to “dominate the streets” and announced that he was sending thousands of heavily ...

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HK’s Lam decries US ‘double standards’ over demonstrations

Bloomberg Hong Kong’s leader blasted the US for “double standards” in the way it handles protests after the Trump administration vocally supported sometimes-violent demonstrations in the Asian financial hub. “Look at how the local governments handle chaos in the US and what stance they took on a similar level of chaos in Hong Kong last year,” Chief Executive Carrie Lam ...

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