Multinational Financial System – Lost Worlds Fri, 18 Nov 2022 16:12:09 +0000 en-US hourly 1 Multinational Financial System – Lost Worlds 32 32 Jefferies Financial Group is raising its earnings per share estimate for Infineon Technologies AG (OTCMKTS: IFNNY) for fiscal 2023. Fri, 18 Nov 2022 16:12:09 +0000

In a note to investors dated Nov. 15, Jefferies Financial Group said it raised its earnings forecast for Infineon Technologies AG (OTCMKTS: IFNNY) for fiscal 2023. A Jefferies Financial Group analyst named J. Menon forecast that the technology The company will earn $2.11 per share in 2018, an increase from the company’s earnings of $1.71 per share in 2017. The latest earnings forecast for Infineon Technologies is $2.08 per share for the company. ‘year. Additionally, Jefferies Financial Group expects Infineon Technologies to report earnings of $1.53 per share in fiscal 2024 and $2.14 per share in fiscal 2025. These numbers are taken from the company’s latest annual report. society.

OTCMKTS:IFNNY began trading at $33.12 per share on Thursday. The company’s market capitalization currently sits at $43.25 billion, with a PE ratio of 15.73, a price-to-earnings growth ratio of 0.67, and a beta value of 1.67. Infineon Technologies hit a year-to-date low of $21.43, while its year-to-date high was $49.60. There is a debt ratio of 0.41, the quick ratio is 1.23, the current ratio is 1.79 and the quick ratio is 1.23. The moving average for the company over the past 50 days is $25.08 and the moving average over the past 200 days is $26.15.
Recently, reports regarding the stock written by various other stock experts have been made public. Morgan Stanley began covering Infineon Technologies shares on Tuesday, November 8, in a research note they released. They assessed the stock as having “equal weight”, which means “equal value”. Credit Suisse Group raised its price target on Infineon Technologies shares from €42.50 ($43.81) to €47.40 ($48.87) and gave the company an “outperform” rating in a report released Wednesday. One financial analyst recommends investors sell the stock, two recommend holding it, and four recommend investors buy it. According to data provided by Bloomberg, the company’s current average rating is “Hold” and the price target has been set at $39.65.
Infineon Technologies AG is a multinational semiconductor company that designs, develops, manufactures and sells semiconductors and related system solutions. Its products can be found in a wide variety of electronic devices. Microcontrollers are available for assistance and safety systems, convenience electronics, infotainment, powertrain and safety products. These microcontrollers include 3D time-of-flight, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; automotive microcontrollers; industrial microcontrollers; integrated circuits (ICs) for power sensors and radars; transceivers; silicon carbide diodes; MOSFETs and modules; and voltage regulators. All

MacFarlane Partners Names Next CEO, JLL Taps Healthcare Lead, Graycor Hires Finance Veteran Fri, 11 Nov 2022 20:36:05 +0000

One of the first minority-owned institutional real estate investment management and development companies in the United States has appointed a new chief executive.

Landon V. Taylor joined MacFarlane Partners in San Francisco as CEO of the investment management group.

MacFarlane Partners, founded by Victor B. MacFarlane, has managed over $20 billion in real estate across 30 US markets on behalf of over 40 institutional owners and major pension funds. After 35 years, MacFarlane hands over the reins to Taylor, who is responsible for setting the company’s vision and strategic plans, with a focus on scaling its investment management platform and launching its next round of private equity funds.

MacFarlane will remain involved in his company as founder and president, in addition to being a member of its executive committee and chairing its investment committee. MacFarlane Partners will continue its ongoing urban development/impact activities on behalf of the family office and other investors, and no further employment changes are expected as a result of this succession plan.

“For more than 35 years, I have enjoyed leading MacFarlane Partners to national success, and I am especially proud of the difference and impact we have made in urban communities on behalf of minorities and professional women. and real estate entrepreneurs,” MacFarlane said in a corporate speech. statement announcing the move. “Now is the time for me to pass the torch of leadership of our investment management group to an effective and experienced professional, as well as a trusted friend. I have every confidence in Landon’s abilities as a partner and dynamic leader who will not only usher in a new, stronger version of our investment management business, but will energetically seed another, more diverse generation of real estate leaders and operating companies.”

Taylor brings more than 30 years of industry experience, having held leadership roles in a diverse set of companies in the real estate, technology and financial services sectors, including four companies he worked at First American Financial Corp., an $8 billion multinational real estate company. real estate information services company.

Alison Flynn Gaffney

Alison Flynn Gaffney joined global brokerage firm JLL as president of the healthcare division in Salt Lake City, Utah.

In his new role, Flynn Gaffney will lead JLL’s healthcare business and evolve its real estate and facilities services offerings to meet the needs of healthcare systems, hospitals, ambulatory centers and medical providers. She brings over 30 years of industry experience, most recently as interim chief operating officer at the University of Utah Health, Hospitals & Clinics.

There, she oversaw the direction and finances of inpatient and outpatient operations in the $3 billion health care system, in addition to developing a corporate planning office and leading several facility expansions, including a care campus. 1 million square foot health and academic facility that is set to open in 2027.

Previously, Flynn Gaffney held operational, consulting and strategic leadership positions in various healthcare organizations. As a founding member of healthcare consulting firm Nexera, she oversaw operations, compliance and planning with a focus on supply chain cost reduction and management services. She also worked for Giuliani Partners, leading the management consulting firm’s international healthcare practice.

Steve Cieslak

Construction, maintenance and facilities services provider Graycor has tapped a 19-year veteran of the financial industry Steve Cieslak as Chief Financial Officer of the company’s office in Chicago.

In his new role, Cieslak will oversee Graycor’s IT, corporate finance and accounting departments. He also joins the company’s executive committee.

Cieslak most recently served as chief financial officer for North America at Nordex Group, a wind turbine maker with over $1 billion in annual revenue. Previously, he also held senior financial positions with the IAC Group, Textron Fastening Systems and Federal Mogul.

Josh Luchs

Kidder Mathews recruited Josh Luchs as Executive Vice President of his Century City office.

In his new role, Luchs will continue to focus on multi-family investment transactions in greater Los Angeles, in addition to recruiting and training new brokers. Since the start of the year, Kidder Mathews has rapidly expanded its presence in Southern California, adding 39 brokers to the region, including Eric Paulsonwho recently joined the firm as Regional Chairman for Southern California and Arizona.

Luchs most recently served as senior vice president at CBRE in Beverly Hills. He began his career in commercial real estate in 2008 and over the past decade has been involved in over 200 transactions valued at over half a billion dollars. Prior to CBRE, Luchs worked at Marcus & Millichap as director of its national multi-residential group and associate director of its net rental retail group.

mike tabek

Newmark named mike tabek as a market leader in his office in Las Vegas.

In his expanded role, Tabeek will focus on local brokerage operations and oversee company growth initiatives. He continues his role as Senior General Manager, handling sales and rental transactions for office and industrial properties in the region.

Tabeek holds the SIOR designation from the Society of Industrial and Office Realtors and the Certified Commercial Investment Member designation from the CCIM Institute. He was president of the SIOR Las Vegas chapter from 2021 to 2022.

Martin Kulli

Martin Kulli has joined Los Angeles-based investment firm Hybridge Capital Management as a partner in its real estate development platform.

In his new role, Kulli will be responsible for all aspects of the company’s real estate development, from acquisition, legal and construction through to leasing and disposal.

Kulli joins Hybridge from Olten Development, a company he founded in 2013 that focused on residential development in Los Angeles. He brings over 20 years of commercial real estate experience and throughout his career has been involved in over 200 development projects valued at over $2 billion in the South West.

Nicholas Totah

Nicholas Totah was promoted to Senior Vice President, Investments, at Marcus & Millichap in downtown san diegoin recognition of Totah’s achievements in the commercial and industrial investment sectors.

Totah, who joined the full-service commercial real estate brokerage firm in 2012, leads the Totah Group, one of the company’s most successful real estate investment teams specializing in commercial and urban properties in San Diego County. .

Prior to joining The Totah Group, he served as senior financial and real estate director for comprehensive educational services, managing over $35 million in annual revenue.

mike chang

Cullinan Properties has hired mike chang as Senior Vice President and Director of Real Estate at its Chicago area office. In his new role, Chang will oversee all aspects of Cullinan’s real estate holdings, including portfolio operations, strategy setting, budgeting, forecasting and reporting. He also joins the firm’s management team.

Tchang brings over 14 years of real estate experience, including a variety of asset management and finance positions with Brookfield Properties, Joseph Freed & Associates and Retail Properties of America, now Kite Realty Group.

A member of the International Council of Shopping Centers, Tchang holds an MBA in real estate and finance and a bachelor’s degree in mechanical engineering from the University of Michigan.

Matthew Johnson

Matthew Johnson was promoted to director at Lee & Associates Dallas Fort Worth, a privately owned national real estate firm.

Johnson, who has been with Lee & Associates in Dallas for the past three years has managed land sales, rentals and investment transactions, focusing on industrial real estate on behalf of developers, landlords, tenants and large institutional investors.

His promotion was announced by Stephen Williamson, SIOR, principal of Lee & Associates Dallas Fort Worth.

» Ardor Commercial hires Gyorody to lead a multi-family team

» Viking Partners hires its first acquisitions manager in Denver

Retail West adds a pair of brokers to expand its North Bay team

» CBRE Investment Management appoints Snellen to EMEA office role

CoStar’s People of Note is a national column published each Friday covering the latest staffing moves in the commercial real estate industry. Send new executive hires and promotion announcements to

Global SMT Inspection Equipment Market Size to Fit Wed, 09 Nov 2022 11:00:00 +0000

Pune, India, Nov. 09, 2022 (GLOBE NEWSWIRE) — MarketStudyReport recently added the latest report, global SMT Inspection Equipment Industry, which accumulated USD 915.2 million in 2021, is expected to reach a valuation of USD 1,296.4 million by the end of 2028, while growing at a CAGR of 5.1% throughout the forecast period. Additionally, the research literature sums up a compelling survey of the numerous industry sub-segments by discussing the current and past valuations along with growth potential for the analysis period.

The report finally provides an engaging overview of the competitive landscape highlighting the revenue margins, product/service offerings and market share represented by each company, which will help readers understand the impact of all these factors on the overall industry growth trajectory.

Request a sample copy of this report @

Growth drivers and constraints:

Growing demand for semiconductors, penetration of artificial intelligence (AI) and 5G wireless technology, rapid growth in automotive and electronics sectors are the vital factors propelling the development of the market world of SMT inspection equipment.

Additionally, the proliferation of electric vehicles, hybrid electric vehicles, and advanced driver assistance systems are expected to significantly drive improved revenue streams for the industry over the forecast span.

Furthermore, increasing adoption of high-speed and cost-effective AOI technology by leading manufacturers is likely to propel the market profitability to new heights in the coming years.

Segmentation and regional overview:

In terms of type, the market has been segregated into AXI, SPI, AOI. Based on the application spectrum, military and defense, aerospace, medical devices, LED and display, telecommunications equipment, automotive and consumer electronics are some of the main areas in which these products are effectively used.

Considering the regional terrain, the SMT equipment industry in Asia Pacific is expected to witness a strong growth rate during the period 2022-2028, owing to the presence of a large consumer base and multitude of world’s largest manufacturing plants in the region.

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Competitive Scoreboard:

Moving to a competitive landscape, Shenzhen Sinic-Tek Vision Technology Ltd, Shanghai Holly Electronics Co. Ltd, Shenzhen JT Automation Equipment Co. Ltd, ZhenHuaXing Technology Co. Ltd, Machine Vision Products (MVP) Inc., Mek (Marantz Electronics), Aleader Vision Technology Co. Ltd, GOEPEL Electronics LLC, CKD Corporation, Mycronic AB, CyberOptics Corporation, Jutze Intelligence Technology Co. Ltd, Nordson Corporation, Omron Corporation, Yamaha Motor Co. Ltd, SAKI Corporation, Viscom AG, Vitrox Corporation Berhad, Pemtron Corporation, PARMI, MIRTEC Corporation and Test Research Inc. are the leading multinational companies trying to introduce new technologies to improve the durability of their products in the global SMT inspection equipment market landscape.

To access a sample copy or view this report in detail with the table of contents, please click on the link below:

Global SMT Inspection Equipment Market, by Product Type (Value, USD Million, 2016 – 2028)

Global SMT Inspection Equipment Market, by Application (Value, USD Million, 2016 – 2028)

  • Military & Defense
  • Aerospace
  • Medical equipement
  • LED display
  • telecommunications equipment
  • Automotive
  • Consumer electronics

Global SMT Inspection Equipment Market, Geographical Fragmentation (Value, USD, 2016-2028)

North America

South America

  • Argentina
  • Brazil
  • Rest of South America


  • Russia
  • Italy
  • France
  • Spain
  • UK
  • Germany
  • The rest of Europe

Asia Pacific

  • Australia
  • India
  • China
  • Japan
  • New Zealand
  • Rest of Asia-Pacific

Middle East and Africa

  • Turkey
  • Saudi Arabia
  • Africa
  • United Arab Emirates
  • Iran
  • Rest of MEA

Global SMT Inspection Equipment Market, Company Profiles (Value, USD Million, 2016-2028)

  • Shenzhen Sinic-Tek Vision Technology Ltd.
  • Koh Young Technology
  • Shanghai Holly Electronics Co.Ltd
  • Shenzhen JT Automation Equipment Co.Ltd
  • ZhenHuaXing Technology Co.Ltd
  • Machine Vision Products (MVP) Inc.
  • Mek (Marantz Electronics)
  • A Leader Vision Technology Co. Ltd
  • GOEPEL Electronics LLC
  • CKD Corporation
  • Mycronic AB
  • CyberOptics Corporation
  • Jutze Intelligence Technology Co. Ltd
  • Nordson Company
  • Omron Company
  • Yamaha Motor Co.Ltd
  • SAKI Company
  • Viscom SA
  • Vitrox Corporation Berhad
  • Pemtron Company
  • Mirtec Company
  • Test Research Inc.


Chapter 1 Introduction

1.1 Research objectives

1.2 Research methodology

1.3 Research process

1.4 Scope and Coverage

1.4.1 Market definition

1.4.2 Answers to key questions

1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities by Segment

3.1 By type

3.2 By app

Chapter 4: Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Bargaining power of the supplier

4.1.2 Threat of new entrants

4.1.3 Threat of Substitutes

4.1.4 Competitive Rivalry

4.1.5 Bargaining power between buyers

4.2 Industry Value Chain Analysis

4.3 Market Dynamics

4.3.1 Drivers

4.3.2 Constraints

4.3.3 Opportunities

4.5.4 Challenges

4.4 Pestle analysis

4.5 Technology roadmap

4.6 Regulatory landscape

4.7 SWOT analysis

4.8 Price Trend Analysis

4.9 Patent Analysis

4.10 Analysis of the impact of Covid-19

4.10.1 Impact on the overall market

4.10.2 Impact on the supply chain

4.10.3 Impact on Major Manufacturers

4.10.4 Impact on pricing

Chapter 5: SMT Inspection Equipment Market by Type

5.1 SMT Inspection Equipment Market Overview and Growth Driver

5.2 SMT Inspection Equipment Market Overview

5.3 ZI

5.3.1 Introduction and Market Overview

5.3.2 Historical and Forecasted Market Size (2016-2028F)

5.3.3 Key Market Trends, Growth Drivers and Opportunities

5.3.4 Area of ​​interest: geographical segmentation

5.4 IPS

5.4.1 Introduction and Market Overview

5.4.2 Historical and Forecasted Market Size (2016-2028F)

5.4.3 Key Market Trends, Growth Drivers and Opportunities

5.4.4 SPI: geographical segmentation

5.5 AXI

5.5.1 Introduction and Market Overview

5.5.2 Historical and Forecasted Market Size (2016-2028F)

5.5.3 Key Market Trends, Growth Drivers and Opportunities

5.5.4 AXI: geographical segmentation

Chapter 6: SMT Inspection Equipment Market by Application

6.1 SMT Inspection Equipment Market Overview and Growth Driver

6.2 SMT Inspection Equipment Market Overview

6.3 Consumer electronics

6.3.1 Introduction and Market Overview

6.3.2 Historical and Forecasted Market Size (2016-2028F)

6.3.3 Key Market Trends, Growth Drivers and Opportunities

6.3.4 Consumer Electronics: Geographic Segmentation

6.4 Telecommunications Equipment

6.4.1 Introduction and Market Overview

6.4.2 Historical and Forecasted Market Size (2016-2028F)

6.4.3 Key Market Trends, Growth Drivers and Opportunities

6.4.4 Telecommunications Equipment: Geographic Segmentation

6.5 Automotive

6.5.1 Introduction and Market Overview

6.5.2 Historical and Forecasted Market Size (2016-2028F)

6.5.3 Key Market Trends, Growth Drivers and Opportunities

6.5.4 Automotive: geographical segmentation

6.6 LEDs and display

6.6.1 Introduction and Market Overview

6.6.2 Historical and Forecasted Market Size (2016-2028F)

6.6.3 Key Market Trends, Growth Drivers and Opportunities

6.6.4 LED and display: geographic segmentation

6.7 Medical devices

6.7.1 Introduction and Market Overview

6.7.2 Historical and Forecasted Market Size (2016-2028F)

6.7.3 Key Market Trends, Growth Drivers and Opportunities

6.7.4 Medical devices: geographic segmentation


1. What is the global SMT inspection equipment market size and projections for 2022-2028?

2. How is the global SMT inspection equipment market shaped throughout the assessment timeline by COVID-19 and its restraining factors?

3. What is the competitive strategic window for growth potential in the Global SMT Inspection Equipment Market?

4. What are the opportunities for expansion in the global SMT inspection equipment market for review schedule?

Related report:

Global Printing Quality Inspection System Market Research Report 2022

Global Print Quality Inspection System Market The size was estimated at USD 194.6 million in 2021 and is projected to reach USD 293.2 million by 2028, showing a CAGR of 6% during the forecast period. The Global Printing Quality Inspection System Market Report 2022 comes with an in-depth analysis of the industry with development components, models, flows, and sizes. The report also calculates current and past market values ​​to forecast the potential management of the market during the forecast period between 2022 and 2028. This research study on Print Quality Inspection System involved the extensive use of primary and secondary data sources. This includes the study of various parameters affecting the industry including government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies and advancements techniques in the related industry.

About Us:

The market research report is a hub for market information products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing together all major publishers and their services in one place.

Our clients partner with Market Study Report to facilitate their research and evaluation of market intelligence products and services and in turn focus on the core business of their business.

If you are looking for global or regional market research reports, insights on competition, emerging markets and trends or just looking to stay on top of the curve, Market Research Report is the platform. form that can help you achieve any of these goals.

		Stock to buy: This multibagger IT stock is top pick for November, brokerage sees 20% returns, buy
		Sat, 05 Nov 2022 13:00:18 +0000


Outlook and stock returns

INFO is one of the leading large cap IT companies in India with a market capitalization of Rs 6,37,065 crore. On NSE, the current market price of INFO stood at Rs 1,514 per share. Its 52 week high on 17th January 2022 is Rs 1,953.90 and its 52 week low on 26th September 2022 is Rs 1,355, respectively.

The stock over the past month has performed well as it jumped 5.92%. However, in the last 3 months it has fallen, giving a negative return of 5.37% and in the last year of 11.39%, respectively. It has given multibagger returns of 113.54% in 3 years and 226.77% in the last 5 years.

Investment rationale

Investment rationale

Infosys reported CC QoQ revenue growth of +4% to $4,555 million and was driven by digital QoQ revenue growth of +3.8%, while core services were flat sequentially ( +0.4% QoQ). Management is seeing an acceleration of core services, driven by increased demand for cost efficiency and automation programs. We see weakness in retail, high tech, financials (mortgages) and telecommunications as they have started to see transaction related slowdowns in these segments. The manufacturing sector recorded 8.4% quarter-on-quarter growth in USD, with strong figures in Europe as well as the United States. Other verticals performed quite well, particularly in financial services and life sciences, while retail and communications underperformed.

The TCV of large deals signed in 2QFY23 increased 28% year-over-year and was helped by a strong pick-up in cost optimization work. Net new contracts won accounted for 54% of total contracts won, with the remainder being renewals. Growth of 28% may sound impressive but should be viewed against the lower base (weak signings) in the first quarter. Net signatures of large new transactions amounted to USD 1.4 billion in Q2FY23. Hiring moderate in Q2 with +10,000 employees, but total hiring exceeded 43,000 employees in the first half of FY23, resulting in a 100 basis point decline in utilization to hit a multi-quarter low of 76.6% in the second quarter.

EBIT margin increased by 150bps QoQ to 21.5% in 2Q23, above our estimate of 20.2%, supported by +70bps FX, +130bps on the profitability and effectiveness of contracts (lower sub-contract) and -40 basis points on the increase in salaries for senior executives. Management cut its margin forecast to 21-22% from 21-23% earlier. We consider the lower end to be feasible.

Buy for Rs 1,805/share target price

Buy for Rs 1,805/share target price

“We have assigned a P/E multiple of 25x to estimated FY24E EPS of INR 72.2 to arrive at a price target of INR 1,805, with an upside of 19.1%. Accordingly, we maintain our rating to a “BUY” for the title,” the brokerage said.



The stock was selected in KR Choksey’s brokerage report. Greynium Information Technologies, the author and the respective brokerage are not responsible for any losses caused as a result of decisions based on the article. advises users to check with certified experts before making any investment decision.

Legally Closes $2.5M in Seed Funding and Hits 800,000 Wed, 02 Nov 2022 11:23:00 +0000

NEW YORK, Nov. 02, 2022 (GLOBE NEWSWIRE) — Lawfully, Inc., creator of the popular immigration status management app for individual immigrants, today announced its $2.5 seed funding round million from investors including Bluepoint Partners, Lotte Ventures, TBT, and angel investors focused on legaltech and AI. Additionally, Lawfully is celebrating a milestone of over 800,000 cases logged on its app, a 400% increase since the start of 2021.

Lawfully officially launched its first product, Lawfully Case Tracker, in 2020 and has seen tremendous growth within its organization and the immigrant community from those seeking assistance with their visas and green cards. . 12% of green card applicants in the US have used Lawfully’s mobile app, while 80% of users have a one-year retention of open cases, matching reports that every year 1 million new green cards and 10 million long-term nonimmigrant visas are issued. .

“With immigration laws changing frequently, it can be difficult for applicants to understand the complex US immigration system,” said Joon Ahn, CEO of Lawfully. support from US immigration attorneys. In our opinion, every immigrant should have Lawfully Case Tracker on their phone because it is an essential tool.

Lawfully’s reach and growth is not without the help of some leading investors, including:

  • Bluepoint Partners: The company offers companies the strategic and financial capabilities of a multinational while being an accessible company with a local presence.
  • Lotte Ventures: The company promotes rapid growth for established businesses through fund investments and accelerates programs for start-up entrepreneurs.
  • Thoughts Become Things (TBT): A venture capital firm that uses industry knowledge and experience to help you create services and products that can make the world a better place.
  • Angel investors who support immigrant communities with an interest in immigration, including Sanghun Kim, the former CEO of Naver, South Korea’s No. 1 search engine company.

The company also introduced four new features over the past three months, including:

  • Accelerate the request for assistance; subscribers can access tools such as statistical data, cover letter templates, tips, and more.
  • Q&A with legal immigration experts; Submit an individual question regarding your immigration issue to get an answer from Lawfully’s experts.
  • New processing time and trend analysis; With time and trend analysis, users have access to start-to-finish processing time, define milestones, compare their case to similar cases, and estimate how quickly their case will be processed.
  • Interview reviews; users can access past interview questions and ratings, compare interview experiences with others, as well as access USCIS interview reviews.

About Lawfully, Inc.
Lawfully is a legaltech start-up reinventing the legal industry with innovative technology solutions for immigration applicants and lawyers. Legally is the first and only company that offers individual immigration case analyzes and provides visibility into the immigration process. The Lawfully Case Tracker app is available on iOS and Android; for more information, visit

Evan Sneider
RP Red Rooster

]]> Strict COVID-19 policies drive people out of Hong Kong Sat, 22 Oct 2022 14:34:45 +0000

A large number of people have left Hong Kong not only due to political unrest but also strict COVID-19 policies. In the past year, more than 100,000 people left, a record.

The exodus includes many commercial and banking workers, who form the soul of the city. Hong Kong is one of the most important financial centers in the world and the main pipeline of money in and out of Asia, especially China.

Multinationals are also looking elsewhere.

More than a third of members of the Hong Kong Investment Funds Association say they have already transferred jobs to other countries. They go to places like Singapore, Dubai, Australia and Japan, said Sally Wong, CEO of the association.

The COVID-19 pandemic has hit Hong Kong hard. For a time this spring, it had the highest COVID-19 death rate on Earth.

Things are much better now, but as the rest of the world emerges from the pandemic, people in Hong Kong still have to wear full masks and use an app-based screening system similar to mainland China.

They must scan public places with a QR code, including restaurants, and new arrivals cannot enter restaurants at all for three days.

“This ability or inability to travel freely in and out definitely affects Hong Kong,” Wong said. “We have to get back to normal, 100 per cent.”

This week Hong Kong Chief Executive John Lee gave a speech he hopes will reverse the talent drain, by offering open work visas to overseas university graduates.

But that may not be enough.

Despite the damage to Hong Kong’s economy and reputation, political watchers believe nothing will change until Chinese leaders on the mainland, who are calling the shots in Hong Kong, lift their zero COVID policy, and so far there is no sign of that.

Coca-Cola remains the top single-use plastic polluter in Bangladesh Mon, 17 Oct 2022 09:42:52 +0000