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The legislature will debate the plan on Monday.

The market had opened the morning trading session with the Hang Seng Index more than 300 points down. The sell-off intensified throughout the day as the benchmark gauge tumbled 2.81 percent, or 810 points, to close at 27,985 points – the biggest single-day drop in eight months.

The lobby of Amazon’s new Bellevue building. (GeekWire Photo / Nat Levy)

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The legislation would levy a 1.3% tax on the payrolls of Seattle companies whose annual payroll expenses exceed million. Though payroll data is confidential, the City Council estimates 2% of Seattle businesses would be affected, amounting to about 800. The current proposal pledges to borrow 0 million from existing city funds to provide emergency cash assistance to 100,000 low-income families this year. The assistance would come in the form of four monthly payments of 0, equal to ,000 per family. The 0 million would be paid back by revenue raised through the payroll tax. After the coronavirus crisis passes, the revenue generated by the tax would fund affordable public housing and Green New Deal initiatives.

The leaders of the Pacific Alliance and Mercosur have only to look at their potential partners in Asia for reasons to push for greater globalization. Without globalized trade, the almost magical rise of Asian economies like South Korea, Japan, Singapore and China over the past few decades would not have been possible.

The lowest exposure level used in the studies was equal to the maximum local tissue exposure currently allowed for cell phone users and this power level rarely occurs with typical cell phone use, according to the reports.

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The majority of Chinese companies which have demand for raw materials from Central Asia are based in the eastern coastal cities, and the goods that are exported to Central Asia are mainly manufactured in the Yangtze River Delta, and "this is the reason why we have to come to Shanghai", said An.

The main construction of the base in Wujiang has been completed. The project with a total investment of over 6.85 billion yuan (0 million) aims to produce 780,000 power control circuits and electronic semiconductor devices in three years of beginning production.

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The major impediment from the European side seems to be that both sides have already listed their 2020 cooperation plans, in which talks about a bilateral investment pact were high on the agenda. The Europeans believe trade talks can only be started after the investment pact negotiations have been concluded.

The market potential for automated infrastructure services on the public cloud in China is immense and has attracted attention from both global and domestic firms. Companies are not only marking down their prices but also sweetening their offerings to attract clients, Hari Kannan and Christopher Thomas, partners of global consultancy firm McKinsey, told news website Sohu.