Hong Kong retailer Alan Li shut up shop on Wednesday, joining about 100 businesses and numerous workers in a rare strike to protest against an extradition bill that many fear will undermine freedom and confidence in the commercial hub.
China's central government firmly supports the Hong Kong government in passing an extradition law allowing people to be sent to mainland China for trial, the foreign ministry reiterated on Wednesday.
Hong Kong's government has indefinitely delayed the second round of debate on an extradition bill that would allow people to be sent to mainland China for trial for the first time, after chaotic protests by tens of thousands of people.
Hong Kong's financial markets came under pressure on Wednesday, with stocks falling and demand for cash surging, as protesters clashed with police during a mass demonstration against legislation that would allow citizens to be extradited to China.
Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals.
By Thyagaraju Adinarayan, Emma Thomasson and Philip Blenkinsop
U.S. private equity investor KKR said on Wednesday its investment agreement with the main shareholders in German publisher Axel Springer, under which it is making an offer to buy out minorities, was valid for five years.
U.S. automaker Ford Motor Co said on Wednesday it opened a research center in Tel Aviv, becoming one of several global automakers beefing up operations in Israel to take advantage of the country's vibrant technology sector.
Britain urged the Hong Kong government to "pause and reflect" on an extradition bill that has sparked widespread protests, and said the former British colony must take steps to protect its rights, freedoms and high degree of autonomy.
The Federal Aviation Administration said on Wednesday it does not have a specific timetable on when Boeing Co's troubled 737 MAX jet would return to service after two fatal crashes led to the airplane's worldwide grounding in March.
American Airlines Group Inc Chief Executive Doug Parker said it was "highly likely" that the grounded Boeing Co 737 MAX would be flying by mid-August following regulatory approval for a software fix.
Bernstein downgraded shares of Beyond Meat on valuation concerns, joining J.P. Morgan as the latest Wall Street analyst to cool on the red hot IPO.
World share markets snapped a seven-day winning streak on Wednesday as the White House took a tough line on trade talks with China, while an impending reading on U.S. inflation was set to refine the odds of an early cut in interest rates there.
Ford Motor Co on Wednesday opened a research center in Tel Aviv, joining a growing number of major automakers and suppliers setting up shop in the Israeli tech hub as they race to develop self-driving cars.
Ford Motor Co on Wednesday opened a research center in Tel Aviv, joining a growing number of major automakers and suppliers setting up shop in the Israeli tech hub as they race to develop self-driving cars.