Hong Kong businesses ‘rethinking’ risks as new challenges arise: Amcham

Ruben Onsu

Hong Kong businesses are facing a “compounded new normal” as the city confronts challenges on multiple fronts, according to the president of the American Chamber of Commerce in Hong Kong.

The ongoing Covid-19 crisis, along with the recent passing of the national security law and troubled U.S.-China trade relations, are among the list of top concerns for companies based in the Asian financial hub, Tara Joseph told CNBC’s “Street Signs Asia” on Thursday.

“Hong Kong over the last two years has had a compounded new normal. We’re dealing with Covid. We’ve got lots of change in the terms of Hong

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Business this week | The Economist

Ruben Onsu
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American banks had a bumper first quarter, with profits and revenues beating analysts’ expectations. They were helped by frenzied market activity, such as the surge in special purpose acquisition companies (SPACs) and retail investing. And, thanks to America’s recovering economy, some banks were able to release funds that had been set aside to cover bad loans. JPMorganChaseand Goldman Sachs both reported record revenues. Returns on tangible common equity, a measure which compares profits

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The GOP-Big Business Divorce Goes Deeper Than You Think

Ruben Onsu

POLITICO’s Holly Otterbein reports on how Pennsylvania Lt. Gov. John Fetterman’s Senate run has become an inflection point in the Democratic party. Plus, Speaker Nancy Pelosi says she won’t bring progressive “court packing” legislation to the floor. And House Minority Leader McCarthy meets with scandal-ridden Rep. Matt Gaetz.

Most of the CEOs on the call were Republicans; Sonnenfeld himself has been an informal adviser to Republican and Democratic presidents, but he has a longstanding relationship with McConnell, and spoke at the senator’s wedding to Elaine Chao. The CEOs “ranged from amused to outraged” in their reaction to the GOP attacks

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Down With Big Business, Again

Ruben Onsu

The woke left turn of much of corporate America has us thinking about a long-ago Journal headline: Down With Big Business. That header atop a 1979 editorial came in a decade, like this one, when prominent companies were accommodating an aggressive expansion of government to political applause.

The editorial noted how big companies like GM were signing up for new and costly regulation during the Carter years, much as its CEO had endorsed wage-and-price controls in the Nixon Administration. “These insights are gradually helping us to understand why the very biggest businesses are such unreliable allies in the fight

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Better Business Bureau warns about Rogersville teenager’s business; teenager responds

Ruben Onsu

ROGERSVILLE, Mo. (KY3) – The Better Business Bureau warns consumers to avoid doing business with Ascend Ahead Agency LLC, after they say the owner doesn’t provide promised services, refuses refunds, and makes unauthorized charges.

Owner Soren Dewey says it’s a big misunderstanding, but he understands why people think the way they do.

The business builds brands by teaching clients through coaching and courses to get more followers and ultimately make more money off of their social media platforms. He says he works a lot with fitness influencers.

“If I was to hear a story about me I would say that

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Michigan business leaders wade into election law debate

Ruben Onsu

A group of Michigan business leaders have waded into the national debate over voting rights in the face of tighter restrictions signed into law in Georgia and new rules proposed in Michigan by Republican lawmakers.

On Tuesday, 37 CEOs and board chairs of some of Michigan’s largest companies released a joint statement outlining broad principles they believe should be followed as state lawmakers debate changes to election laws.

“Government must avoid actions that reduce participation in elections — particularly among historically disenfranchised communities, persons with disabilities, older adults, racial minorities and low-income voters,” the statement reads. “Government has a responsibility

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