center: The cost of the tumult is showing up in the earnings of a rising number of big companies, according to CNN. Disney, HSBC, Prada, Swatch and Cathay Pacific are among the businesses taking a hit. For nine consecutive weeks, pro-democracy protests have engulfed Asia's premier financial center, forcing stores to close, disrupting public transportation and undermining economic growth. With another round of demonstrations kicking off Friday and due to run through the weekend, the business community is warning of more fallout from violent clashes between police and protesters. Mass protests could make things much worse Speaking Friday, Hong Kong officials warned that the disruption could have a more lasting impact on the city's economy than the outbreak of the deadly SARS virus in 2003 that slashed the lucrative tourist trade. Hong Kong's economy is slumping.
(news.financializer.com). As
reported in the news.
Tagged under center, transportation topics.