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Hong Kong Airlines awarded Skytrax 4-star rating and named one of top 20 airlines in the world

HONG KONG, July 18, 2018 /PRNewswire/ -- Hong Kong Airlines celebrated a big win yesterday at the prestigious 2018 World Airline Awards, when it once again retained its Skytrax 4-star rating. Thanks to our customers' votes, Hong Kong Airlines also made historic headway in the global rankings and is proud to be represent Hong Kong in the top 20 list of the World's Best 100 Airlines in 2018. The airline was also recognised as one of the top 10 airlines in Asia. Hong Kong Airlines Vice Chairman Mr Tang King Shing (left) accepts the Skytrax 4-star award from Skytrax Chief Executive Edward Plaisted (right) The World Airline Awards is widely regarded as one of the industry's top accolades, held in high esteem for its clarity of process and independence, with no outside sponsorship or external influence. Hong Kong Airlines Vice Chairman Mr Tang King Shing, who accepted the award on the airline's behalf, said that the recognition from Skytrax was an affirmation of all the hard work that Hong Kong Airlines colleagues have put in over the past year. "This is an exciting time for Hong Kong Airlines, as we continue to grow from strength to strength. We will continue to improve our customer offerings to deliver the best products and services and aim to become the airline of choice for all travellers." On awarding the 4-star rating to Hong Kong Airlines, Skytrax Chief Executive praised Hong Kong Airlines for continuing to offer a strong product on its regional routes, whilst also strengthening its global presence with the launch of new long-haul routes, meal concepts and service amenities. Having successfully transitioned from a regional carrier into a global airline over the past year, Hong Kong Airlines now offers a growing network of nearly 40 destinations across Asia Pacific and North America, including Vancouver, Los Angeles and San Francisco -- new routes launched over the past year. The airline has also introduced exciting new products, including its flagship lounge Club Autus, and the Airbus A350 aircraft. About Hong Kong Airlines Established in 2006, Hong Kong Airlines is a full-service airline firmly rooted in Hong Kong. The airline flies to nearly 40 destinations across Asia Pacific and North America, and currently maintains 79 interline and 18 codeshare agreements with multiple airline partners. Hong Kong Airlines operates one of the youngest fleets in the world, it has been awarded the internationally acclaimed four-star rating from Skytrax since 2011. For more information, please visit: Website: www.hongkongairlines.com Facebook: www.facebook.com/hkairlines LinkedIn: Hong Kong AirlinesInstagram: hkairlinesTwitter: @hkairlines Photo - https://photos.prnasia.com/prnh/20180718/2190075-1 Related Links :http://www.hongkongairlines.com

Barack Obama breaks his silence

Less than 24 hours after an astonishing joint news conference between Donald Trump and Vladimir Putin, in which Trump sided with Putin over his own intelligence agencies, former President Barack Obama finally did what his supporters have waited for him to do since he left the Oval Office.He spoke up, forcefully, with a dire warning about the direction of global politics. “I am not being alarmist, I’m simply stating the facts,” Obama said in a closely watched speech in South Africa.“Look around,” he said. “Strongman politics are ascendant, suddenly, whereby elections and some pretense of democracy are maintained, the form of it, where those in power seek to undermine every institution or norm that gives democracy meaning.”“The free press is under attack,” he added. “Censorship and state control of media is on the rise. Social media, once seen as a mechanism to promote knowledge and understanding and solidarity, has proved to be just as effective promoting hatred and paranoia and propaganda and conspiracy theories.”The occasion for Obama’s remarks was the 16th annual Nelson Mandela Lecture, and though he did not mention his successor by name, President Trump loomed large in the speech. Trump, in contrast to Obama, has rebuked America’s Western allies while offering kind words to the world’s strongmen—from Turkish President Recep Tayyip Erdoğan to Filipino President Rodrigo Duterte, Chinese President Xi Jinping, and North Korean leader Kim Jong Un, who is perhaps a category unto himself. But Trump’s warmest words have been reserved for Vladimir Putin, the Russian leader.  The fact that Obama’s lecture came a day after Trump’s news conference with Putin in Helsinki, Finland, suggests that Trump’s latest support of Putin may have been a tipping point. In the 18 months since he left the presidency, Obama’s silence has frustrated some of his supporters even as Trump has dismantled many of his predecessor’s most cherished accomplishments, including the nuclear deal with Iran and the Affordable Care Act. But Obama, in keeping with his own predecessors’ actions, has remained silent, allowing Trump to perform his duties as president unfettered by the criticism of the 44th president.Trump has been harshly criticized for his remarks at that event in which he said he believed Putin’s assurances that Russia did not interfere in the 2016 presidential election over the assessment by his own intelligence agencies that Moscow did just that. Trump also criticized Democrats and the media for the poor state of U.S.-Russia relations, and reiterated his often-repeated view that the FBI and Special Counsel Robert Mueller were engaged in a “disgraceful” “witch hunt” against him. Many of the themes that past U.S. presidents have raised publicly with Putin—including human rights in Russia, its annexation of Ukraine’s Crimea region, its alleged interference in elections in the U.S. and elsewhere, and its alleged use of nerve agents to target political rivals—were publicly left unsaid during Monday’s news conference.The broad themes of Obama’s speech, meanwhile, left little doubt about the targets of his criticism. He touched on the erosion of a consensus on what constitutes facts; “news cycles [that bring] more head-spinning and disturbing headlines”; and the threat of a “return to an older, more dangerous, more brutal way of doing business.”“People just make stuff up. They just make stuff up. We see it in the growth of state-sponsored propaganda. We see it in internet fabrications. We see it in the blurring of lines between news and entertainment,” Obama said. “We see the utter loss of shame among political leaders where they’re caught in a lie and they just double down and they lie some more. It used to be that if you caught them lying, they’d be like, ‘Oh, man’— now they just keep on lying.”(THE ATLANTICS)

Toshiba may face renewed shareholder accounting claims: U.S. appeals court

A U.S. appeals court gave investors in Toshiba Corp’s U.S.-listed securities another chance to show they suffered losses because the Japanese industrial conglomerate misled them about its internal controls before a 2015 accounting scandal.In a 3-0 decision, the 9th U.S. Circuit Court of Appeals on Tuesday said a lower court judge misapplied the law in dismissing the investors’ lawsuit, and that the investors should be permitted to file an amended complaint.The Pasadena, California-based appeals court said the investors did not sufficiently allege Toshiba committed a “domestic” violation of federal securities law, but that it would “not be futile” for them to try again.Toshiba said in a statement the company was considering various options, including filing an appeal.U.S.-based lawyers for Toshiba and the investors did not immediately respond to requests for comment.Investors led by the Automotive Industries Pension Trust Fund in Dublin, California, sued in 2015 after Toshiba disclosed widespread accounting fraud, saying the revelations caused them to suffer losses as the company’s stock price fell.In September 2015, Toshiba admitted to having overstated profit by roughly $1.3 billion over seven years.The scandal also led Toshiba to recognize large cost overruns at its now-bankrupt U.S. nuclear unit Westinghouse, and sell its memory chip business to a consortium led by private equity firm Bain Capital for $18 billion.In Tuesday’s decision, Circuit Judge Kim McLane Wardlaw wrote that investors’ purchases of Toshiba’s American depository shares or receipts could qualify as domestic if they or Toshiba had incurred “irrevocable liability” in the United States.The lawsuit was returned to U.S. District Judge Dean Pregerson in Los Angeles.On June 25, Toshiba said the U.S. Securities and Exchange Commission had completed a probe into its accounting, and had decided not to impose a fine.The case is Automotive Industries Pension Trust Fund et al v Toshiba Corp, 9th U.S. Circuit Court of Appeals, No. 16-56058.(REUTERS)

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The Belt and Road

2018 Belt and Road International Forum held in Beijing

Masood Khalid, Pakistani Ambassador to China, speaks at 2018 Belt and Road International Forum in Beijing on June 28.The Belt and Road International Forum was held in Beijing on June 28, with the theme of “The Win-Win of the Belt and Road Initiative”. Nearly 200 Chinese and foreign guests attended, including officials, diplomatic envoys, experts and think tanks.Topics of discussion included international economic cooperation corridors, economic integration, regional connectivity, and cultural exchange.At the forum, the BRI Think-tank Alliance Presentation Platform, BRI Entrepreneurs’ Alliance and the BRI Fund of Beijing International Peace Culture Foundation were launched. "The Belt and Road" Think-Tank Alliance Presentation Platform is also launched here today in Beijing.“The Belt and Road” Think-Tank Alliance Presentation Platform aims to draw on the wisdom of the Belt and Road Initiative through further interactions with experts from various research institutions at home and abroad. It will conduct policy analysis, political consultation as well as sharing platforms for information, resource and achievement.Wang Xiaohui, Editor-in-Chief of CIIC, believes this platform will promote win-win cooperation among Asia, Europe and Africa by carrying out the Silk Road spirit of peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit.”“By facilitating exchanges between entrepreneurs and think-tank experts, we mobilize domestic and foreign experts to make targeted subject research and risk assessment reports on enterprise investment projects, provide “one - to -one” strategic consultation, to help solve their problems when going aboard, “he said. Honored guests jointly launch "The Belt and Road Entrepreneurs' Alliance" in Beijing, June 28th. “The Belt and Road” Entrepreneurs Alliance was co-established by CIIC, China World Peace Foundation (CWPF) and Beijing International Peace Culture Foundation (BJIPCF), and supported by China Enterprise Confederation and China Enterprise Directors Association. It will promote business case and experience sharing, inviting experts to give lectures, issuing country-level big data reports, holding analysis report on overseas investment environment and Belt and Road entrepreneurs forum, etc, as a move to enhance global cooperation on production capacity and help Chinese enterprises go global.Li Fugen, Vice President of CIIC, said that under the principles of policy, infrastructure, trade, financial and people-to-people connectivity, the Alliance will draw on information, resources, capital, business opportunities and talents to facilitate enterprises to increase visibility in global market. He also disclosed that this alliance would maintain close connection with embassies to China. Projects recommend by the embassies will be assigned to entrepreneurs by Belt.china.org.cn. "The Belt and Road" Fund of Beijing International Peace Culture Foundation, co-initiated by Beijing International Peace Culture Foundation, Beijing Jiangyin Enterprise Chamber of Commerce, and ZZ HD Health Industry Group, is also launched here today. “The Belt and Road” Fund of Beijing International Peace Culture Foundation was co-initiated by Beijing International Peace Culture Foundation (BJIPCF), Beijing Jiangyin Enterprise Chamber of Commerce, and ZZ HD Health Industry Group. With the funds donated by entrepreneurs, more favorable environment will be fostered for cultural exchanges among countries along the Belt and Road, thus advancing the Belt and Road Initiative and win - win cooperation.the most urgent one. For that reason, the Foundation will play an active role in providing investment and financing support for and preventing risks in economic and trade cooperation, bilateral or multilateral connectivity.The forum was co-hosted by China Internet Information Center (CIIC), China World Peace Foundation (CWPF), Beijing International Peace Culture Foundation (BJIPCF) and Jiangsu Normal University (JSNU); jointly organized by China.org.cn Belt.china.org.cn and China Development Gateway, and supported by Bulletin of the Chinese Academy of Sciences, the Belt and Road Research Institute of Beijing Normal University, ZZ HD Health Industry Group and Beijing Hanyihuang Cloisonne Crafts Co. Ltd. (XINHUA)

2018-07-01

Work conference held in Yiwu for China, Czech to coordinate their efforts in promoting Belt and Road Initiative cooperation

By APD Writer He Wei The conference, which jointly organized by the western development department of the National Development and Reform Commission and the second foreign policy department of the Czech Ministry of Industry and Trade kicked off on June 6, 2018. It is of great significance in implementing the plan for China-Czech cooperation and promoting bilateral communication and cooperation. Both sides took a review on the development of the plan and held a talk over the cooperation prospects on trade, finance, think tank and projects. The priority work of the China and Czech cooperation in the next phase was discussed during the conference.Both sides reached an agreement on enhancing the cooperation on the field of policy coordination, facility connectivity, economic and trade, investment, finance and culture aiming at boosting the economy of both countries and benefiting the people. Almost 100 people from government officials, financial institutions, think tanks  and enterprises of both countries attended the conference.(ASIA PACIFIC DAILY)

2018-06-06