The House of Representatives and Senate both approved the relief package late Monday, along with 1.4 trillion dollars in government funding for the rest of the fiscal year, which ends on Sept. 30, 2021, sending the giant spending bill to the president to sign into law.
The Fed trimmed the federal funds rate by 25 basis points to a target range of 2 percent to 2.25 percent at its July policy meeting, with participants of the rate-setting Federal Open Market Committee citing varying concerns in making the decision, including slowing global growth, the US-China trade dispute and low inflation.
The Hong Kong Police denounced the vandalism. Police iterated in a statement early Monday that no violent behavior will be tolerated and resolute action will be taken to bring offenders to justice.
The IAG 2017, which will conclude on Aug 12, is comprised of 28 events held in Russia, China, Azerbaijan, Belarus and Kazakhstan. Some people call the comprehensive games the military Olympics.
The Hong Kong bourse has also been boosted by the stock connect program. According to Hong Kong Exchanges and Clearing Market (HKEX), the operator of the Hong Kong bourse, southbound trading volume - investment made by Chinese mainland investors in the Hong Kong stock market - has been valued over HK.7 trillion (.1 trillion) cumulatively as of Oct 31. The Chinese mainland investors held about HK9.5 billion worth of Hong Kong shares via the program, up from the HK.1 billion in 2014.
The Fujian-Ningxia partnership resettlement program proposed moving entire village communities from poorer areas, such as Xihaigu, to more fertile lands near the Yellow River. Minning is one of the resettlement places.
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The Foxconn unit, which is known as FII and makes electronic devices, cloud service equipment and industrial robots, will invest more in R&D. R&D spending amounted to 3.19 billion (4 million) in the first six months of the year, up 17.04 percent year-on-year, according to the company.
The FSD and the Buildings Department will embark on a special exercise with a target to complete the inspection of some 2,500 domestic or composite buildings that are aged 60 or above by the end of this year and pay special attention to the condition of the buildings' common means of escapes and whether there are fire hazards, the government said in a statement.
The Federal School Lunch Program offers no-cost or low-cost food and is the nation's second-largest anti-hunger program after food stamps.
The Hong Kong government will establish a special committee next week to supervise the disbursement of the HK billion fund for the relief of small businesses and underprivileged individuals hardest hit by the fallout of the coronavirus outbreak, said Chief Secretary for Administration Matthew Cheung Kin-chung in his weekly blog.