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Stocks sag on concerns about COVID, global growth

Stocks sag on concerns about COVID, global growth
By AFP - Jul 17,2021 - Last updated at Jul 17,2021
This photo shows people walking past the New York Stock Exchange on Wall Street on Thursday in New York City (AFP photo)
NEWYORK Global stocks mostly fell on Friday as worries about rising COVID-19 cases and their effect on global growth weighed on sentiment, pushing Wall Street into the red for the week.
After data showed an unexpected rise in US retail sales, Wall Street pushed higher at the open. But markets soon tumbled into the red and losses grew as the day progressed. ....

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US warns of 'growing risks' for HK business - Newspaper

WASHINGTON: The United States on Friday warned its business community of growing risks of operating in Hong Kong following a clampdown by China in the major financial hub.
In a long-awaited advisory that has already been denounced by China, US government agencies led by the State Department told entrepreneurs that they face particular risks from the imposition a year ago of a draconian new security law.
The advisory said there were “growing risks” that “could adversely affect businesses and individuals operating in Hong Kong.” “As a result of these changes, they should be aware of potential reputational, regulatory, financial and, in certain instances, legal risks associated with their Hong Kong operations,” it said. ....

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US warns of 'growing risks' for business in blow to Hong Kong

Daily Times
July 17, 2021
The United States on Friday warned its business community of growing risks of operating in Hong Kong due to China’s clampdown, as an increasing number of Western companies consider abandoning the historic financial hub.
The United States also imposed sanctions on seven more Chinese officials in Hong Kong as it vowed there would be a price for Beijing’s imposition of a draconian security law a year ago. “Beijing has chipped away at Hong Kong’s reputation of accountable, transparent governance and respect for individual freedoms and has broken its promise to leave Hong Kong’s high degree of autonomy unchanged for 50 years,” Secretary of State Antony Blinken said in a statement. “Today we send a clear message that the United States resolutely stands with Hong Kongers,” Blinken said. ....

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Stocks sag on concerns about Covid, global growth

Stocks sag on concerns about Covid, global growth
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

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US warns of 'growing risks' for business in Hong Kong

US warns of 'growing risks' for business in Hong Kong
rfi.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rfi.fr Daily Mail and Mail on Sunday newspapers.

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