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The Long-Term Implications of the Jimmy Lai Bail Decision


The Long-Term Implications of the Jimmy Lai Bail Decision
The Hong Kong Court of Final Appeal’s bail decision had something for everyone – and will help shape future national security cases.
By
February 11, 2021
Democracy advocate Jimmy Lai leaves the Hong Kong’s Court of Final Appeal, Tuesday, Feb. 9, 2021.
Credit: AP Photo/Kin Cheung
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The Hong Court of Final Appeal (CFA)’s February 9 decision regarding media mogul Jimmy Lai’s application for bail while awaiting trial for alleged violation of the new National Security Law (NSL) had been eagerly anticipated. It did not prove a disappointment and had something for everyone. ....

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Small firms: Little engines that could save the global economy


Whether it is your local grocery store or a startup with a tiny amount of capital and big dreams, almost everywhere you look, small firms typically form the backbone of a country’s economy. Together, they employ the majority of the global workforce and tend to generate a substantial share of economic output.
But small businesses’ size and relatively diminutive political clout compared with, for instance, large airlines or banks, mean they are also more vulnerable to economic downturns than their better-funded peers.
During the 2020 coronavirus pandemic, untold thousands of small- and medium-sized enterprises (SMEs) generally defined as firms with up to 500 employees lived through the toughest year imaginable. ....

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'Never say never': How two small Hong Kong firms survived COVID | Business and Economy News


Hong Kong, China – In February, as Hong Kong was beginning to feel the grip of its first wave of coronavirus infections, 33-year-old Albert Chen and his father, Tim, sat down to discuss the dire state of their family’s outdoor furniture business as the pandemic took hold.
“It was really scary. Sales were down around 50 percent from the year before,” Albert Chen told Al Jazeera.
“We were thinking of different ways to survive in this economy and dad suggested we buy mask-making machines in Taiwan, where we’re from, install them in Hong Kong, and have [them] run by our staff here.” ....

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