HONG KONG / AP Hong Kong’s No 2 government official said on Thursday that she was resigning to prepare for a leadership bid for the southern Chinese city’s top job. Chief Secretary Carrie Lam said she tendered her resignation to Chief Executive Leung Chun-ying and asked him to submit it to Beijing for approval. Lam, 59, is the third ...

  Havana / DPA When Cuban boxer Julio Cesar de la Cruz bit into his gold medal as he celebrated his triumph at the Rio de Janeiro Olympics earlier this year, Namibia Flores watched enviously on television at home in Cuba. Even though Cuba is a boxing powerhouse and has won more Olympic gold medals than any other country, competitive ...

  Berlin / DPA Isaiah Lopaz lets his photos speaks for themselves. “And when do you go back?” reads one of the plain white T-shirts the 36-year-old American wears for his portrait series. “Where do you really come from?” is another. It’s a question the Afro-American hears all the time in his everyday life in his adopted home city of ...

  Bloomberg India’s economy is set for a choppy recovery from the world’s most sweeping currency policy change in decades. Inflation continued to slow in December as the cash ban squelched demand while a volatile factory output gauge rose in November, according to Bloomberg surveys before data due at 5:30 pm in New Delhi on Thursday. Companies are bracing for ...

  Bloomberg Project manager Yuan Fang says she’s cutting spending and working overtime after a 20 percent surge in the cost of both her Beijing room rent and her favorite Japanese lunch boxes. Civil servant Neo Zhu, who bought an apartment in the eastern city of Hangzhou 10 years ago, feels costs of everything from gas to food are stable. ...

  Bloomberg Bellamy’s Australia Ltd., the infant formula maker whose market value ballooned in 2015 amid surging Chinese sales, ousted its two top executives after forecasting plunging profits. The stock fell the most on record in Sydney. Bellamy’s has racked up stockpiles of unsold infant formula and excess ingredients after making overambitious revenue estimates, the Launceston, Tasmania-based company said in ...

  AP China’s auto market had a bumper year in 2016 as sales grew by 15 percent, with drivers rushing to buy cars before a tax break expired at the end of the year. The data released on Thursday showed that automakers sold 24.4 million cars, minivans and sport-utility vehicles in China. Booming sales, driven by strong demand for SUVs, ...

  We are in the throes of another round of what the economist Joseph Schumpeter memorably called “creative destruction.” Two icons of American business – Macy’s and Sears — are struggling. Macy’s plans to close 100 stores to improve profitability, and Sears has sold its Craftsman tools line for roughly $900 million to raise cash. Conceivably, one or both of ...

  Investment bankers in Asia are usually happy to see a spike in Treasury yields. It gives them the perfect excuse to tell clients that if they don’t issue dollar bonds now, the costs will be much higher later. That may help explain why debt sales in the US have uncannily accelerated, even as Bill Gross and Jeffrey Gundlach warn ...

  Donald Trump’s views on vaccines have long been out of sync with science. Childhood vaccines cause autism, he asserted at a debate in 2015, echoing statements he had made in 2014 and 2012. But now the president-elect is poised to do more than just pass along misinformation: He has asked a die-hard “anti-vaxxer” to lead a commission on “vaccination ...