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Hong Kong protesters defy China’s warnings with more rallies

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Hong Kong protesters defy China’s warnings with more rallies | The Thaiger
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Anti-government protesters kicked off another mass rally yesterday as they defy increasingly stern warnings from China over the unrest that has plunged the city into crisis.

The semi-autonomous Chinese financial hub has seen two months of protests and clashes triggered by opposition to a planned extradition law. Emboldened by the early win for the proposed extradition laws to be withdrawn, the protesters have ramped up the protests to target other democratic reform.

Authorities in Hong Kong and Beijing this week signalled a hardening stance, including the arrests of dozens of protesters, and the Chinese military saying it was ready to quell the “intolerable” unrest if invited by HK authorities.

But protesters have remained unyielding, vowing to hold multiple rallies and marches throughout the weekend and into next week.

Thousands of protesters filled a park in the densely populated neighbourhood of Mongkok, which has previously seen clashes between police and demonstrators, listening to speeches and shouting slogans.

Police initially denied activists permission to march through the neighbourhood but later allowed it after an appeal.

Two marches are also planned for today — one on Hong Kong island and the other in the Tseung Kwan O district — as well as a city-wide strike on Monday and rallies in seven other locations. The call for strike action appears to be gaining more traction than previous walkouts, with a host of organisations and unions vowing to join.

Hong Kong has now witnessed eight consecutive weekends of huge rallies often followed by violent clashes between police and small groups of hardcore protesters.

Under the terms of the 1997 handover deal, the city has rights and liberties unseen on the mainland, including an independent judiciary and freedom of speech.

SOURCE: Thai PBS

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Weather

This year’s most powerful typhoon will hit Philippines tomorrow

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This year’s most powerful typhoon will hit Philippines tomorrow | The Thaiger

Typhoon Goni continues to bear down on The Philippines in one of the South China Sea’s busiest storm years. 220,000 people have now been evacuated as of today.The typhoon, packing “destructive winds’, is expected to reach the south-east of the Philippine’s main island of Luzon tomorrow morning with the eye of the storm passing over during Sunday afternoon. Forecasters are expecting wind speeds of over 200 kilometres per hour.

Typhoon Goni is known locally as “Rolly”.

A warning has been issued “moderate to high risk” of storm surges up to 3 metres high along the east coast over the next 2 days.

On Wednesday this week Typhoon Molave smashed into Vietnam’s central coast, killing up to 35 people and flooding low-lying villages and then dropping heavy rain on southern Laos and Central Thailand. Molave killed 20 people as it passed over The Philippines.
This year's most powerful typhoon will hit Philippines tomorrow | News by The Thaiger
GRAPHIC: Typhoon Goni will reach Philippine’s island of Luzon tomorrow.

Schools are being used as emergency shelters as well as government-co-ordinated evacuation centres and gymnasiums. Authorities are ramping up preparations in the Bicol region southeast of Philippine capital Manila, readying rescue vehicles, emergency response teams and relief goods ahead of the storm.

The Philippines averages around 20 storms and typhoons every year, wiping out harvests, infrastructure and homes. The deadliest storm on record for The Philippines was Typhoon Haiyan, which dumped huge wave surges on the central city of Tacloban killing over 7,300 people in 2013.

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Economy

Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down

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Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down | The Thaiger

US stocks closed lower yesterday to end an ugly week downbeat with ‘uncertainty’ remaining the overwhelming sentiment. Tech stocks led the march downwards. The Dow Jones Industrial Average dropped in its biggest monthly collapse since March with investors reacting to rising Covid-19 cases in the US and Europe, peppered by nervousness ahead of next Tuesday’s US presidential election. The increased volatility forced all three major indexes seeing their biggest weekly declines since the worst of the coronavirus-inspired selloff 8 months ago.

The Dow fell around 157 points, to end near 26,502, according to preliminary figures, while the S&P 500 lost around 40 points, or 1.2%, to finish near 3,270. The Nasdaq Composite gave up around 274 points, or 2.4%, closing near 10,912. The Dow had a 6.5% weekly fall and a 4.6% monthly drop. Friday’s decline saw the Nasdaq negative for the month of October, falling 2.3%. The Nasdaq was down 5.5% for the week.

The Dow dropped more than 500 points at its session low with tech stocks – primarily Apple, Amazon, Alphabet and Facebook – leading the market decline.

A number of stocks were on the move, down, following a slew of earnings, including from the tech giants. Twitter sank more than 20% on slowing growth, while Exxon reported its 3rd straight quarter of losses.

Key moments yesterday…

  • Dow closed down 0.59% for its 5th negative day out of 6
  • S&P 500 closed down 1.21% for its 4th negative day in 5
  • Dow closed down 6.47% this week for its worst week since March 20
  • S&P closed down 5.64% this week for its worst week since March 20 when the S&P lost 14.98%
  • S&P closed down 2.77% this month for its second-straight negative month
  • Nasdaq closed down 5.51% this week for its worst week since March 20 when the Nasdaq lost 12.64%

Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down | News by The Thaiger

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Tourism

From tourist heroes to zero – how the world’s former tourist magnets are coping

The Thaiger & The Nation

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From tourist heroes to zero – how the world’s former tourist magnets are coping | The Thaiger

If over-tourism became the buzzword in the travel industry in 2019, the opposite applies in 2020 when most of the world’s most popular tourist magnets are now facing a genuine economic crisis, forced on them by government closures and a risk-averse travel public, most of whom are prevented from travel beyond their own borders. We visit Dubrovnik, Santorini, Ibiza, Barcelona, Venice, Bali and Phuket.

Despite the perils of overtourism, and all sorts of plans to limit the rising foot-traffic, nothing could have prepared these bucket list locations for the challenge they now face. Travel bans, quarantines and nationwide lockdowns are forcing travellers to stay home and face their own domestic economic issues.

Travel is a long way down the list now for much of the world’s middle class who made up the vast majority of global travellers. More than most industries, Covid-19 has brought the world’s travel industry to its knees.

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