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July, 28, 2016

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China
Flying high with full force of change
At 55, Irishman Willie Walsh can take some satisfaction over a career that began when he joined Irish state airline Aer Lingus as a trainee pilot straight out of high school at the tender age of 17.
 
China's LeEco to buy US TV maker Vizio for $2 billion
Chinese internet company LeEco Holdings Ltd announced on Tuesday it has entered into a definitive agreement to buy Vizio Inc, a leading consumer electronics company in North America, for $2 billion.
 
Apple Inc recorded decline in revenue in the three months that ended in June, the company reported on Tuesday.
 
Brewing a new tea culture
This summer, Chinese youngsters are rediscovering their culture's time-honored tradition of tea-drinking as a fashionable pastime, as a rising number of businesses modernize the way the beverage is consumed.
 
Baidu Inc may have to keep pumping money into its video-streaming operation for the foreseeable future following the withdrawal of a proposed buyout plan that could have made the cash-burning division a standalone business.
 
Chinese demolitions at Buddhist institute draw fire
Rights groups on Tuesday called for Chinese authorities to stop forced demolitions at one of the world's biggest Tibetan Buddhist institutes, saying the move was an attempt to "severely restrict" religious freedoms.
 
Verizon said to end Yahoo survival fight with a $4.8b deal
Yahoo Inc's years-long fight to survive as a standalone company has drawn to a close, internal sources said on Monday.
 
The Chinese army garrisoned in Hong Kong has warned people searching for Pikachu and other virtual monsters to stay off their premises, as Pokemon Go mania sweeps the smartphone-obsessed city.
 
Two Hong Kong journalists have been jailed in China for running an "illegal business" that sent political magazines to the mainland, one of their lawyers said Tuesday, as Beijing cracks down on press freedoms in the semi-autonomous territory.
 
The National Development and Reform Commission said on Monday that government investment has not crowded out private investors, and the central authorities will make every effort to facilitate private investment.
 
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