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Business and Market Discussion / View from Taiwan

2020-01-23

Business and Market Discussion / View from Taiwan

2020-01-23
The Chinese city of Wuhan, the centre of a deadly virus outbreak that has killed 17 people and infected more than 400, will suspend public transport from 10:00 am today. Those living in the city have been told not to leave, and the airport and train stations will be closed to outgoing passengers. Bus, subway, ferry, and long-distance transport networks will be temporarily shut.

President Trump has ended his trip to the World Economic Forum in Davos saying Europe has no choice but to make a trade deal with the US. In a news conference before leaving Switzerland he said he hoped to clinch a trade agreement with Europe before the 2020 presidential election. He also promised an overhaul of the World Trade Organization.

Also speaking at Davos, Hong Kong Chief Executive Carrie Lam promoted Hong Kong as a regional I&T hub with an important role in the Greater Bay Area. She also said she was “facing a lot of pressure” to tighten control of the press and journalists in light of the seven months of social unrest.

US Treasury Secretary Steven Mnuchin warned that countries who introduced a digital tax could “find themselves faced with President Trump’s tariffs.” But UK Chancellor of the Exchequer Sajid Javid said Britain will go ahead with its digital services tax in April.

On today’s Money Talk we discuss the day’s business headlines with Enzio von Pfeil from St James’s Place and Karine Hirn at East Capital. With the view from Taiwan is political risk consultant Ross Feingold.

Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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