While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia were mixed on Tuesday, as the People's Bank of China published its new loan prime rates which would result in cheaper borrowing costs for companies.Asia Marketsread more
Hong Kong's top official doubled down on a contentious plan to allow extraditions to China on Monday, one day after hundreds of thousands of protesters took to the streets in one of the biggest demonstrations to shake the former British colony in years.
Carrie Lam, the territory's chief executive, ignored calls for her resignation and reiterated the need for the legislation.
The rally highlights increasing public anger against the government's proposal to seek legal changes to allow people in Hong Kong to be extradited to places with which it has no such agreement — including China.
Flanked by the secretaries for justice and security on Monday, Lam stressed safeguards built into the legislation to prevent human rights abuses and said she will continue in her job. She also lauded those who participated in the march and said it shows that Hong Kong's "rights and freedoms are as robust as ever."
Police estimated about 240,000 people marched Sunday at the peak of the protest which saw crowds overflow a city thoroughfare. Organizers, meanwhile, claimed that slightly more than one million people participated. The event rivaled a 2003 demonstration when a reported 500,000 people protested proposed security legislation.
Marchers shouted slogans and held up signs demanding the government withdraw the proposal and for Lam to quit.
It came as concerns have increased that Hong Kong's rights and freedoms are eroding under what is perceived as increased efforts by the central government in Beijing to increase its influence.
Hong Kong, which on July 1 marks 22 years since Britain handed the territory back to China, was guaranteed a high degree of autonomy as a Special Administrative Region under a "one country, two systems" framework that was to remain unchanged for at least 50 years.
Opponents claim that the legislation could put Hong Kong's independent legal system — a legacy of British rule — at risk. The government strongly denies that.
Foreign business groups and governments have also publicly expressed concern about any weakening of local law — which has so far been seen as a key attraction for using Hong Kong as a commercial base of operation.
"The credibility of Hong Kong is now on the line," Tara Joseph, president of the American Chamber of Commerce in Hong Kong, said in an email to CNBC after the demonstration. She called on the government to drop the proposal and "preserve Hong Kong as a leading international business center."
Curtis Chin, a Milken Institute Asia Fellow and former U.S. ambassador to the Asian Development Bank, expressed similar concern.
"That great history and success record of Hong Kong as a business and economic hub is now at risk," Chin told CNBC.
The throngs of people that took to the streets were overwhelmingly peaceful though some scuffles with police were seen and arrests made. Some activists launched a brief sit-in outside the Legislative Council, the local assembly where the proposals are being debated.
While Beijing has described the extradition issue as an internal affair of Hong Kong, it has also spoken in favor of it.
"Any fair-minded person would deem the amendment bill a legitimate, sensible and reasonable piece of legislation that would strengthen Hong Kong's rule of law and deliver justice," the state-run China Daily said in an editorial late Sunday in its online edition.
China has also accused "foreign forces" of allegedly stirring up opposition.
"Unfortunately, some Hong Kong residents have been hoodwinked by the opposition camp and their foreign allies into supporting the anti-extradition campaign," the state newspaper wrote.
Victoria Tin-bor Hui, an associate professor in the political science department at the University of Notre Dame, said that China had hoped Lam, who took office in 2017, would be able to avoid the turmoil seen under her predecessor C.Y. Leung which saw protests for greater democracy shake the city in 2014.
"They thought that Carrie Lam has this reputation of pushing through things and at the same time without provoking mass protests," Hui said, suggesting that the latest demonstration could be disappointing for Chinese officials.
— CNBC's Paula Sailes and Vivian Kam contributed to this report.