The HKMA has cut interest rates by a total of 75 basis points since August, reducing the cost of money for a city economy squeezed between the US-China trade war and five months of anti-government protests.
This week, we focus on Lebanon, where Prime Minister Saad Hariri has resigned after nationwide rallies brought the country to a virtual standstill. The protesters want a complete overhaul of an establishment that they call corrupt. Our correspondent Leila Molana-Allen reports on how women have taken an active role in the protests.
Thirty years after the fall of the Berlin Wall and Europe’s velvet revolutions, a new generation is standing up to the populists
Imagine someone who had witnessed the liberation of western Europe in 1945 returning in 1975, only to find the dictators coming back. That’s ratherhow it feels revisiting central Europe 30 years after the velvet revolutions of 1989.
Earlier this year, I sat in a hotel bar in Budapest with an old anti-communist dissident friend, János Kis, who calmly described the regime of prime minister Viktor Orbán to me as an autocracy. Yet it was Kis who first introduced me to Orbán, back in 1988, presenting the then 25-year-old student as a bright light of a new generation of young liberal democrats. At a rally in Gdańsk in June, I heard European council president Donald Tusk call on his fellow Poles to learn from the example of the Solidarity movement of the 1980s in opposing the country’s nationalist populist Law and Justice party government. Yet Law and Justice triumphed again this month in a general election.