The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and also apply those discounts to private health plans.Health and Scienceread more
The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.Delivering Alpharead more
President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. days after news broke that the prosecutor had subpoenaed years of...Politicsread more
A new Hollister store is coming later this month to New York, right down the block from Macy's, Target and Victoria's Secret in the busy Herald Square shopping district.Retailread more
The Amazon CEO spoke in Washington D.C. about the company's sustainability efforts.Technologyread more
The former CEO of Overstock announced that he's dumped all of his equity and blamed both the "deep state" and the government for his exit.Marketsread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
A decline in mortgage rates throughout much of the summer has helped buyers.Housingread more
Jay Clayton, opening speaker at the Delivering Alpha conference, also cautions about the difficulty of "price discovery" for investors trying to cash in on crypto.Delivering Alpharead more
Gelson's, an upscale grocery store chain with 27 locations across Southern California, will sell 12-ounce packages of the Impossible Burger.Food & Beverageread more
mayhem@ (Adds airport arrival figures, paragraphs 10-12)
* Hong Kong airport to be targeted again
* Canada suspends staff travel to mainland China
* Tourist arrivals mark up "fastest and deepest drop"
HONG KONG, Aug 23 (Reuters) - Hong Kong braced for an anti-government protest "stress test" of the airport this weekend, as weeks of sometimes violent demonstrations in the Chinese-ruled city showed no signs of let-up amid rising tension between China and some Western nations.
The airport, reached by a gleaming suspension bridge carrying both rail and road traffic, was forced to close last week when protesters, barricading passageways with luggage trolleys, metal barriers and other objects, clashed with police.
China's Hong Kong affairs office condemned the mayhem as "near-terrorist acts".
"Go to the airport by different means, including MTR, airport bus, taxi, bike and private car to increase pressure on airport transport," protest organisers wrote online on Friday.
The Airport Authority published a half-page notice in newspapers urging young people to "love Hong Kong" and said it opposed acts that blocked the airport, adding that it would keep working to maintain smooth operations.
Hong Kong's high court extended an order restricting protests at the airport. Some activists had apologised for last week's airport turmoil.
The protests, originally over a now-suspended bill that would have allowed extraditions to China, have plunged the former British colony into its worst crisis since its return to China in 1997 and pose a major challenge for Communist Party rulers in Beijing.
The unrest has widened into calls for greater freedom, fuelled by worries about the erosion of rights guaranteed under a "one country, two systems" formula, adopted after the handover, such as an independent judiciary and the right to protest.
The protests are taking a toll on the city's economy and tourism, with the special administrative region on the cusp of its first recession in a decade.
Transport Secretary Frank Chan said airport passenger volume from Aug 1 to 21 was down 11% from the corresponding period last year, with cargo volume down 14%.
Commerce Secretary Edward Yau said visitor arrivals started to fall in mid-July. For Aug 15 to 20, arrivals were down 49.6% on the corresponding period of 2018.
"It was the fastest and steepest drop in recent years, and the situation is obviously very worrisome," he told reporters.
The Canadian consulate said it had suspended travel to mainland China for local staff, just days after a Chinese employee of the city's British consulate was confirmed to have been detained in China.
China has said that Simon Cheng, the consulate employee, was detained in the border city of Shenzhen neighbouring Hong Kong. Beijing has accused Britain and other Western countries of meddling in its affairs in Hong Kong.
Canada's latest travel advisory on Thursday warned that increased screening of travellers' digital devices had been reported at border crossings between mainland China and Hong Kong.
Chinese foreign ministry spokesman Geng Shuang said Canadas decision not to allow local staff to visit the mainland was one for Canada, which it respected. If people came to China and followed the law, they would have no problems, he told a daily news briefing.
"But if you have a hidden aim, and are hatching a sinister plot, then I fear in China you need to be in a state of apprehension and extra careful."
BACK IN THE USSR
Protests on Friday included a march by accountants, a "Baltic Chain", in which protesters will join hands across different districts in the evening, and a "rally of Christians".
"A lot of bosses are apolitical. However, politics comes to you even when you try to avoid it," a city legislator, Kenneth Leung, told the accountants' rally.
"We used to be ranked as the freest economy in the world for almost 20 years. Can we keep the ranking? No, its over. Our core values are integrity and honesty. We need to stick to our international core values."
He put the number taking part in the march at 5,000.
In 1989, an estimated two million people joined arms across three Baltic states in a protest against Soviet rule that became known as the "Baltic Way" or "Baltic Chain".
Alphabet Inc's Google has said its YouTube streaming video service disabled 210 channels appearing to engage in a coordinated influence operation around the Hong Kong protests. Twitter and Facebook have also dismantled a similar campaign originating in mainland China.
The protests have caused corporate casualties, such as the Cathay Pacific airline, amid mounting Chinese scrutiny over the involvement of some of its staff in protests.
Cathay confirmed on Friday that Rebecca Sy, the head of Cathay Dragon's Airlines Flight Attendants' Association, was no longer with the company. Her departure follows the shock resignation of Cathay Chief Executive Rupert Hogg last week.
Sy said she was fired immediately after managers saw her Facebook account without being given a reason.
The Hong Kong Confederation of Trade Unions called on Cathay to end to what it described as "white terror", following Sy's sacking. It said 14 people had been fired in connection with the protests.
White terror is a common expression to describe anonymous acts that create a climate of fear. Cathay pilots and cabin crew this week described political denunciations, sackings and phone searches by Chinese aviation officials.
Demonstrators have five demands: withdraw the extradition bill, set up an independent inquiry into the protests and perceived police brutality, stop describing the protests as "rioting", waive charges against those arrested, and resume political reform.
Beijing has sent a clear warning that forceful intervention is possible, with paramilitary forces holding drills just over the border. (Reporting by Jessie Pang, Lukas Job, Donny Kwok, Anne Marie Roantree and Twinnie Siu in Hong Kong, Brenda Goh in Shanghai, Ben Blanchard in Beijing and Jamie Freed in Singapore; Writing by Farah Master and Nick Macfie; Editing by Clarence Fernandez)