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Hong Kong protesters set fire to university entrance to stop police getting in

Hong Kong protesters set fire to university entrance to stop police getting in

World
Protesters in Hong Kong have set fire to the entrance of Polytechnic University as police attempt to move in.About 200 anti-government demonstrators remain in or around the university on a day which saw them fire arrows and catapult petrol bombs at police who deployed tear gas and water cannon. Police gave them an ultimatum to leave but their move to force them out has been repelled, with the stand-off going into the early hours of the morning,Officers have threatened to use live bullets if "rioters" carry out more violence, as the territory suffered some of its worst unrest in six months of demonstrations.A police media liaison officer was treated in hospital after being hit in the leg with an arrow as the clashes spread across the central Kowloon district. ...
Hong Kong in first recession for a decade amid protests

Hong Kong in first recession for a decade amid protests

World
Hong Kong has entered its first recession in a decade as the territory continues to be gripped by protests.Its economy shrank 3.2% in the July-to-September period compared with the prior quarter, figures showed, confirming earlier preliminary data.It means the economy has contracted for two quarters in a row, which is the usual definition of a recession.Tourists are staying away and shops are suffering amid battles between anti-government protesters and police.Compared with a year ago, Hong Kong's economy was 2.9% smaller in the third quarter of the year. Hong Kong's protests started in June after the government planned to pass a bill that would allow suspects to be extradited to mainland China.Many feared this bill would undermi...
‘Demonstrators are the people’s enemy’ – Hong Kong leader Carrie Lam

‘Demonstrators are the people’s enemy’ – Hong Kong leader Carrie Lam

World
Hong Kong's embattled leader has said the violence has far exceeded the call for democracy and that demonstrators are now the "people's enemy".Speaking on Monday, Carrie Lam said "rioters" were "relentlessly destroying society", adding that the former British colony had been put under strain because of extensive violence. She said she wanted to tell protesters they "will not succeed in securing their demands", and appealed to everyone in the city to "stay calm" and refrain from taking part in any illegal activities as protesters took to the streets on Monday in an unusual week-day rally. Image: Hong Kong chief executive Carrie Lam speaks during a press conference She spoke hours after a protester was shot by police and a man was set o...
Hong Kong protests: Two ‘critical’ after day of chaos

Hong Kong protests: Two ‘critical’ after day of chaos

World
Media playback is unsupported on your device Two people are in critical condition after another day of violent demonstrations in Hong Kong.The first person - a protester - was injured on Monday morning, when he was shot by a police officer.He is the third person shot by police since rallies began 24 weeks ago.Later, a pro-Beijing supporter was doused in flammable liquid and set alight after arguing with protesters, who are demanding greater democracy and police accountability.There were a number of other flashpoints during the day, with police firing rubber bullets and tear gas in others parts of Hong Kong. At one point, tear gas was fired in the central business district - a rare occurrence during working hours on a weekday.Monday's violence followed a we...
Hong Kong protests haven’t hurt our profitability, say bank CEOs

Hong Kong protests haven’t hurt our profitability, say bank CEOs

Finance
Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks said their businesses in the city have not been affected in a big way.Singaporean bank DBS said on Monday that net profit for its Hong Kong business jumped 14% year-on-year in the July-to-September quarter. That performance came on the back of a 15% year-on-year rise in overall profit for the quarter to 1.63 billion Singapore dollars ($ 1.2 billion), which beat analyst estimates compiled by Refinitiv.Hong Kong contributed around 334 million Singapore dollars, or 20%, of DBS' overall profits in the third quarter this year.Piyush Gupta, CEO of DBS, told CNBC's Tanvir Gill that he doesn't anticipate a "serious problem" with the bank's loan book in Hong Kong. But the bank has set aside some mone...