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It’s a great time to buy a Hong Kong mansion from the cash-strapped elite
31 Jul

It’s a great time to buy a Hong Kong mansion from the cash-strapped elite

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Hong Kong once held the record for the priciest home sold in all of Asia. But some owners of the island's most luxurious houses have been selling them at a loss this year.Driven by high interest rates and macroeconomic stress, some homeowners, or their lenders, are offloading prime real estate at substantial losses to repay mounting debts. That's presenting a rare window for real estate buyers to sweep up these homes at discounted prices.Some high-end properties sold in the first half of the year for up to 50% off 2018's peak prices, said Jack Tong, the Hong Kong director of…
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Dozens of angry Chinese suppliers swarmed Temu’s office, saying they’re tired of giving Westerners refunds without returns
31 Jul

Dozens of angry Chinese suppliers swarmed Temu’s office, saying they’re tired of giving Westerners refunds without returns

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Hundreds of people thronged the Guangzhou office of the e-commerce platform Temu in rallies this month, protesting fines and refund policies they said are destroying small merchants' profits.About 80 merchants gathered on Monday on the 30th floor of the Guangzhou office building, with some eventually gaining entry to the company premises, Chinese outlet Yicai reported. Temu is run by PDD Holdings, which also operates the local online retail platform Pinduoduo.Many of the protesters run small businesses on Temu, a platform that sells Chinese products and has surged in popularity in the West due to lower prices.Yicai reported that employees were…
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JD Vance has the most to lose if Kamala Harris taps Minnesota Gov. Tim Walz as her running mate
31 Jul

JD Vance has the most to lose if Kamala Harris taps Minnesota Gov. Tim Walz as her running mate

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Whoever emerges as Vice President Kamala Harris' running mate has the potential to dramatically reset the 2024 presidential race.After former President Donald Trump selected Ohio Sen. JD Vance as his vice-presidential pick, Republicans were thrilled that the GOP lawmaker's Midwestern roots and working-class upbringing would set him apart from what was previously thought to be President Joe Biden's reelection effort alongside Harris.But Harris, who's now in the driver's seat as the presumptive Democratic nominee, is currently mulling over several potential picks, which reportedly includes two-term Minnesota Gov. Tim Walz.Walz, a Nebraska native and former congressman, is seen by many Democrats…
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One of Hamas’ top leaders has been killed in Iran, according to reports
31 Jul

One of Hamas’ top leaders has been killed in Iran, according to reports

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Top Hamas leader Ismail Haniyeh has been killed in Iran, according to a statement from Iran's Islamic Revolutionary Guards Corps early Wednesday.Haniyeh, 62, was the leader of Hamas' political wing. He joined the militant group in the late 1980s.In a statement published by the Hamas-affiliated Shehab news agency, the group accused Israel of killing Haniyeh in a "treacherous" attack on his residence in Tehran.Haniyeh was previously in exile in Qatar. He had traveled to Tehran to attend the inauguration of Masoud Pezeshkian, Iran's new president, according to multiple reports.No party has claimed responsibility for the killing at press time. In…
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The last thing JD Vance probably wants to be associated with right now is a couch. But for some reason, he’s still talking about it.
31 Jul

The last thing JD Vance probably wants to be associated with right now is a couch. But for some reason, he’s still talking about it.

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For one, a joke that Vance may once have had intercourse with a couch has been going viral on social media platforms from X to TikTok.To be clear, the pages of Vance's bestselling memoir "Hillbilly Elegy" don't describe such a sex act. The Associated Press even tried to debunk the claim — but ended up taking the article down, saying the fact-check didn't go through its "standard editing process."So, one might wager that the last word that Vance might want to say out loud, let alone at a rally, would be "couch."Not so. At a Tuesday event in Nevada, the…
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JD Vance admitted in private that Biden getting swapped out for Harris was like a ‘political sucker punch’
31 Jul

JD Vance admitted in private that Biden getting swapped out for Harris was like a ‘political sucker punch’

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In private, Sen. JD Vance of Ohio has been quite candid about the devastating impact the end of President Joe Biden's reelection campaign has caused to the GOP's electoral hopes for 2024."All of us were hit with a little bit of a political sucker punch," Vance privately told donors during a fundraiser in Golden Valley, Minnesota on Saturday, per a recording obtained by The Washington Post.Vance made those remarks just days after Biden announced his withdrawal from the presidential race on July 21.Since then, the Democratic Party has coalesced around Vice President Kamala Harris, who was named presumptive Democratic nominee on…
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