Jumat, 15 November 2019

Flooded Venice battles new tidal surge - BBC News

Flooded Venice has been hit by a new high tide of 160cm (5.3ft), giving residents no respite from a crisis costing millions of euros.

World-famous St Mark's Square, a magnet for tourists, has been closed, and schools are shut for a third day.

The Italian city's famous waterbuses - the vaporetti - have stopped running.

The 187cm peak on Tuesday was the highest level for more than 50 years, damaging cultural monuments, businesses and homes. More than 80% of the canal city was flooded.

The government declared a state of emergency in the Unesco world heritage site.

Residents with flood-damaged homes will get up to €5,000 (£4,300; $5,500), and businesses up to €20,000 in compensation.

Desperate measures as water seeps everywhere

The BBC's Jenny Hill in Venice writes:

The first flood sirens went off at dawn, an eerie sound rising over the ancient bridges and waterways of the city.

Within a couple of hours, the murky green water of the Grand Canal had risen level with its bank, slapping over the paving stones as boats went past.

Nearby streets quickly flooded. Tourists, shoes covered in plastic bags, carried their luggage along raised narrow trestle walkways, which the authorities have put up to keep the pedestrian traffic moving.

On either side, dirty water continued to rise. At ground level, in their wellies, business owners were already starting to operate small pumps. Many had raised the flood barriers across their doorways - apparently to little effect. Water was already seeping up to ankle height in the souvenir shops and cafes.

"It hurts to see the city so damaged, its artistic heritage compromised, its commercial activities on its knees," Prime Minister Giuseppe Conte, who visited Venice on Wednesday, wrote in a Facebook post (in Italian).

Fondamenta Zattere - a long, much-loved waterfront area where tourists enjoy strolling - is also under water.

The city is made up of more than 100 islands inside a lagoon off the north-east coast of Italy. It suffers flooding on a yearly basis.

The government has pledged to release €20m in aid for Venice.

Only once since official records began in 1923 has the tide been higher than it reached this week - hitting 194cm in 1966.

The mayor of Venice, Luigi Brugnaro, blamed climate change for the flood, saying the impact was "huge" and would leave "a permanent mark". Strong winds lashing the area are contributing to the crisis.

Mr Conte said the government would accelerate the building of structural defences for the city, referring specifically to the so-called Mose project - a hydraulic barrier system to shut off the lagoon in the event of rising sea levels and winter storms.

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https://www.bbc.com/news/world-europe-50430855

2019-11-15 10:57:13Z
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Former US Ambassador to Ukraine testifies: Live updates - CNN International

Andrew Caballero-Reynold/AFP/Getty Images
Andrew Caballero-Reynold/AFP/Getty Images

Ambassador Marie "Masha" Yovanovitch will testify today at the second public hearing in the impeachment inquiry into President Trump.

Yovanovitch -- "someone who has never been hungry for the spotlight," as one former State Department official described her -- has increasingly found herself there as new developments in the Ukraine controversy have come to light.

But the former top US diplomat in Ukraine, maligned as "bad news" by President Trump and and known by her diplomatic peers as "one of the best," will share her perspective publicly today on Capitol Hill as part of the impeachment inquiry.

Since being unexpectedly removed from her post in Kyiv in May, Yovanovitch has become increasingly ensnared at the center of the widening scandal.

"I would imagine for her this is pretty much worse than her worst nightmare in that not only are you being publicly criticized and condemned by your head of state but also the idea of all of this public attention. She's a pretty reserved person," the official told CNN.

Trump personally ordered Yovanovitch's removal, according to The Wall Street Journal. She was accused without evidence by Rudy Giuliani -- a former New York mayor and Trump's personal attorney -- and others of trying to undermine the President and blocking efforts to investigate Democrats like former Vice President Joe Biden.

Trump has twice disparaged Yovanovitch -- once in early October at the White House and another time in his July 25 call with Ukrainian President Volodymyr Zelensky.

"The former ambassador from the United States, the woman, was bad news and the people she was dealing with in the Ukraine were bad news so I just want to let you know that," Trump said to Zelensky, according to a rough White House transcript.

Diplomatic support: The diplomatic community has rallied behind Yovanovitch since the contents of Trump's call were disclosed, and some former diplomats have also called for the State Department and Secretary of State Mike Pompeo to lend their public support to the career foreign service officer.

Retired US Ambassador Nicholas Burns called for "the higher levels of the State Department" to "come out and defend her."

"They should say she was a good ambassador, she did what was asked. She did what her constitutional duty asked her to do, represent the United States ably and honorably," Burns told CNN. "She deserves an apology, a public apology."

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https://www.cnn.com/politics/live-news/impeachment-hearing-11-15-19/index.html

2019-11-15 09:27:00Z
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Hong Kong in first recession for a decade amid protests - BBC News

Hong Kong has confirmed it has entered its first recession for a decade as it continues to be gripped by protests.

Its economy shrank 3.2% in the July-to-September period compared with the prior quarter, figures showed, confirming earlier preliminary data.

It means the economy has contracted for two quarters in a row, which is the usual definition of a recession.

Tourists are staying away and shops are suffering amid battles between anti-government protesters and police.

"Domestic demand worsened significantly in the third quarter, as the local social incidents took a heavy toll on consumption-related activities and subdued economic prospects weighed on consumption and investment sentiment," the government said in a statement.

It now expects the economy to shrink 1.3% for the full year.

"Ending violence and restoring calm are pivotal to the recovery of the economy. The government will continue to closely monitor the situation and introduce measures as necessary to support enterprises and safeguard," the government added.

Why are there protests in Hong Kong?

Hong Kong - a British colony until 1997 - is part of China under a model known as "one country, two systems".

Under this model, Hong Kong has a high degree of autonomy and people have freedoms unseen in mainland China.

The protests started in June after the government planned to pass a bill that would allow suspects to be extradited to mainland China.

Many feared this bill would undermine the city's freedoms and judicial independence.

The bill was eventually withdrawn but the protests continued, having evolved into a broader revolt against the police, and the way Hong Kong is administered by Beijing.

Protests have taken place every weekend over the past few months, causing widespread disruption and a number of deaths.

On Thursday, a 70-year-old cleaner died after he was hit in the head during a protest in the Hong Kong border town of Sheung Shui.

Video purported to be of the incident shows two groups throwing bricks at each other before the man falls to the ground after being struck on the head.

Dramatic scenes such as these have kept tourists away. In August, arrivals to the city - a popular travel destination and transit hub - hit their worst level since the SARS crisis of 2003.

Some hotels have slashed prices as they struggle to fill their rooms.

On Thursday, two companies with major operations in Hong Kong revealed the financial impact of the protests.

Luxury fashion house Burberry said its sales in Hong Kong had fallen by more than 10% and would "remain under pressure".

Airline Cathay Pacific cut its profit guidance and said the civil unrest had "been exceptionally challenging, severely impacting demand and operations of the business".

Why the spike in anger?

This week has seen a marked escalation in violence with intense street battles, violent clashes at universities and lunchtime protests in the financial heart of Hong Kong.

It is the first time in weeks that protests have taken place during weekdays.

Media playback is unsupported on your device

Monday's protests followed a weekend of vigils and demonstrations after a 22-year-old student protester died last week.

Alex Chow had been in hospital since he fell from the ledge of a car park during a police operation a week ago.

Later on Monday, violence escalated further when a police officer shot an activist in the torso with a live bullet and a pro-government supporter was set on fire by protesters.

In London, Hong Kong's Justice Secretary Teresa Cheng was hurt after being jostled by anti-government protesters, the Chinese embassy said.

Ms Cheng is seen as having played a key role in promoting the unpopular extradition bill that triggered the protests. China strongly condemned the incident and called for a thorough investigation.

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https://www.bbc.com/news/business-50431614

2019-11-15 10:03:07Z
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Hong Kong in first recession for a decade amid protests - BBC News

Hong Kong has entered its first recession in a decade as the territory continues to be gripped by protests.

Its economy shrank 3.2% in the July-to-September period compared with the prior quarter, figures showed, confirming earlier preliminary data.

It means the economy has contracted for two quarters in a row, which is the usual definition of a recession.

Tourists are staying away and shops are suffering amid battles between anti-government protesters and police.

Compared with a year ago, Hong Kong's economy was 2.9% smaller in the third quarter of the year.

Hong Kong's protests started in June after the government planned to pass a bill that would allow suspects to be extradited to mainland China.

Many feared this bill would undermine the city's freedoms and judicial independence.

The bill was eventually withdrawn but the protests continued, having evolved into a broader revolt against the police, and the way Hong Kong is administered by Beijing.

Protests have taken place every weekend over the past few months, causing widespread disruption and a number of deaths.

On Thursday, a 70-year-old cleaner died after he was hit in the head during a protest in the Hong Kong border town of Sheung Shui.

Video purported to be of the incident shows two groups throwing bricks at each other before the man falls to the ground after being struck on the head.

Dramatic scenes such as these have kept tourists away. In August, arrivals to the city - a popular travel destination and transit hub - hit their worst level since the SARS crisis of 2003.

Some hotels have slashed prices as they struggle to fill their rooms.

On Thursday, two companies with major operations in Hong Kong revealed the financial impact of the protests.

Luxury fashion house Burberry said its sales in Hong Kong had fallen by more than 10% and would "remain under pressure".

Airline Cathay Pacific cut its profit guidance and said the civil unrest had "been exceptionally challenging, severely impacting demand and operations of the business".

Why the spike in anger?

This week has seen a marked escalation in violence with intense street battles, violent clashes at universities and lunchtime protests in the financial heart of Hong Kong.

It is the first time in weeks that protests have taken place during weekdays.

Media playback is unsupported on your device

Monday's protests followed a weekend of vigils and demonstrations after a 22-year-old student protester died last week.

Alex Chow had been in hospital since he fell from the ledge of a car park during a police operation a week ago.

Later on Monday, violence escalated further when a police officer shot an activist in the torso with a live bullet and a pro-government supporter was set on fire by protesters.

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https://www.bbc.com/news/business-50431614

2019-11-15 09:25:56Z
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Trump hikes price tag for US forces in Korea almost 500% as Seoul questions alliance - CNN

Trump is demanding that South Korea pay roughly 500% more in 2020 to cover the cost of keeping US troops on the peninsula, a congressional aide and an administration official confirmed to CNN.
The price hike has frustrated Pentagon officials and deeply concerned Republican and Democratic lawmakers, according to military officials and congressional aides. It has angered and unnerved Seoul, where leaders are questioning US commitment to their alliance and wondering whether Trump will pull US forces if they don't pay up.
"Nothing says I love you like a shakedown," said Vipin Narang, an associate professor at MIT who follows the Korean peninsula, summarizing South Korean uncertainty about the US.

Hard feelings

In the US, congressional aides and Korea experts familiar with the talks say the President's $4.7 billion demand came out of thin air, sending State and Defense Department officials scrambling to justify the number with a slew of new charges that may include Seoul paying some costs for US personnel present on the peninsula and for troops and equipment that rotate through.
Negotiations are underway as North Korea threatens to step up its weapons development, deepening Seoul's anxiety. On Thursday, Pyongyang condemned US-South Korean joint military exercises, saying it was "enraged" and threatening to respond with "force in kind."
North Korea has already launched 24 missiles this year, each a violation of UN resolutions, to match the country's previous annual record for firing off projectiles that threaten South Korea and Japan, according to Bruce Klingner, a senior fellow at the Heritage Foundation.
Germany, France and the United Kingdom recently condemned Pyongyang for the launches, saying they undermined regional security and stability. Meanwhile, South Korean leaders are acutely aware that Trump has downplayed the launches, saying he is "not at all" troubled by them.
"There are a lot of hard feelings," Klingner said of South Korean views of the US right now, adding that "people are questioning the viability of the US as an ally."
North Korea fired 2 unidentified projectiles, South Korea says
That's being driven in part by US acquiescence to North Korea's missile launches, which "is raising angst... about whether the US is a reliable ally," Klingner said. "The exorbitant push to further increase the US demand for the cost of stationing US forces overseas is adding to that."
Scott Snyder, director of the US-Korea policy program at the Council on Foreign Relations, said the extreme nature of the price hike is creating "worry that Trump is doing this as a pretext for withdrawal" of US troops.
"The main side effect that I see is that it raises questions about the credibility of the United States as a protector, as an alliance partner," Snyder said. "And that's not good for the relationship."
The administration official said the argument is that the US does many things to ensure South Korean security that haven't been accurately accounted for, for decades. "It was one thing when Korea was recovering from the war, but now they're one of the world's leading economies," the official said.
"The Koreans have said themselves they ultimately want to take over the security of Korea and stand as a peer in the security sphere," the official said. Now, "they need to make some fundamental investments to get where they say they want to be, so this is an opportunity for them."

Shared responsibility

A spokesperson for the State Department, which has the lead on negotiations, said that "sustaining the costs of our global military presence is not a burden that should fall on the US taxpayer alone, but is a responsibility that should be shared fairly with allies and partners who benefit from our presence."
The Korean embassy did not return requests for comment.
The US-South Korea cost sharing agreement has been in place for decades and, until Trump, was renegotiated every five years. During the 2016 campaign, candidate Trump declared that he would pull US troops from the peninsula if he didn't get 100% compensation for their presence.
Last year, when the Special Measures Agreement came up for negotiation, Trump asked for a 50% increase from Seoul. Ultimately, the two sides agreed South Korea would pay 8% over the prior year's cost, but that the agreement would be renegotiated yearly.
This year, Trump raised the asking price from approximately $1 billion to $5 billion before being convinced by officials at the State Department and Pentagon to winnow that down to $4.7 billion, according to a congressional aide and the administration official.
Esper, like other administration officials, has refused to confirm that figure publicly, saying Wednesday only that "we have asked for a significant increase in the cost-sharing for our deployed troops."

'A backwards process'

Klingner is one of several Korea experts who suggest that Trump pulled the figure out of thin air. Officials at the relevant agencies and aides in Congress who follow Asia are similarly perplexed. "I have no idea where the President pulled this number from," said the congressional aide.
"It seems pretty clear ... that State and DOD were working to figure out how to justify the $5 billion figure... it's not like, 'We were developing a new concept that includes the following 17 categories and this is what it comes to.' It was a backwards process," said the aide characterized the reaction to be one of shock, " 'the President wants $5 billion and how do we justify that to the Koreans?' They were throwing everything in there that allowed them to argue with a straight face that this covers the burden-sharing costs of the alliance."
To justify the price tag, officials at State and the Pentagon expanded the costs Seoul would cover "from basing, sewage, the usual things, to include 'readiness,'" the aide said. Administration officials would not confirm that.
But it could mean charging Seoul for joint military exercises, including rotational forces that aren't always present on the peninsula. "So if we had bombers stop by the peninsula as a show of force, I guess like an Uber driver, we would bill them for the trip," the aide said.
The US may also ask South Korea to pay for "a whole range of personnel costs for US personnel stationed on Peninsula," the aide said. In response, the aide said, the Koreans are asking, " 'Are you guys mercenaries now? Is this a business arrangement?' "
Trump taps North Korea envoy as State Department No. 2
Military officials have told CNN they are distressed about the request and that they have been concerned the President's foreign policy decision making could increasingly be shaped by his concerns about the 2020 election campaign or impeachment pressure.
The congressional aide said Pentagon officials are expressing their discomfort on Capitol Hill as well. "The career professionals and career military: they're beside themselves," the aide said, "but [Trump is] the commander in chief, so they're in a box."
"The Koreans are outraged," the aide continued, particularly because elections are coming in April and they don't think the cost increase is defensible in their National Assembly.
Council on Foreign Relations expert Snyder said that historically, the formula for cost sharing has seen increases of 5% to 10%, but "the gap between 5% and almost 500%... stretches the bounds of political plausibility."
A particular hurdle, Snyder said, is any request that Seoul pay for assets "that may be used in the event of a conflict, but that aren't actually based in Korea. That's the most sensitive question if you're talking about the Korean taxpayer."

'A lot of concern'

Sen. Edward Markey, the leading Democrat on the Senate Foreign Relations subcommittee on Asia said that he was "troubled by President Trump's demand. ... If South Korea decides that it is better off without the United States, President Trump will have undermined an over 60-year shared commitment to peace, stability, and rule of law. The region is less safe when countries lose confidence in America's ability to lead."
Sen. Cory Gardner of Colorado, the Republican chairman of the Senate Foreign Relations subcommittee on Asia, did not respond to repeated requests for comment. Neither did the second ranking Republican on the subcommittee, Sen. Marco Rubio of Florida, or the chairman of the Senate Foreign Relations Committee, Sen. James Risch of Idaho.
Behind closed doors though, the congressional aide echoed another colleague on Capitol Hill, saying that "there's a lot of concern up here with both Democratic and Republican staff. People ... are not happy. They think this is really dangerous."

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https://www.cnn.com/2019/11/14/politics/trump-south-korea-troops-price-hike/index.html

2019-11-15 08:20:00Z
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Kamis, 14 November 2019

Manus Island refugee who wrote book via WhatsApp leaves detention center after six years - Fox News

A Kurdish Iranian refugee who wrote an award-winning book via WhatsApp from inside an offshore Australian detention center where he'd been marooned for six years, finally left the island this week, vowing to "never go back."

Behrouz Boochani, a journalist, arrived in New Zealand on Thursday for a literary event after being held on Papua New Guinea’s Manus Island since 2013.

JOURNALIST ATTACKED BY ANTIFA DESCRIBES HALLOWEEN INCIDENT AT HIS HOME: 'IT LOOKED LIKE SOMETHING OUT OF THE PURGE'

“I just arrived in New Zealand,” Boochani tweeted Thursday. “So exciting to get freedom after more than six years. I have been invited by Word Festival in Christchurch and will participate in an event here. Thank you to all the friends who made this happen.”

He has said he fled his native Iran because authorities persecuted him for practicing journalism. He arrived by boat on Christmas Island, an Australian territory, in July 2013 hoping to claim asylum, the BBC reported.

Boochani arrived in New Zealand after spending over half a decade in a detention center on Manus Island. He famously documented the lives of asylum seekers on the island. (Jonas Gratzer/LightRocket via Getty Images) File

Boochani arrived in New Zealand after spending over half a decade in a detention center on Manus Island. He famously documented the lives of asylum seekers on the island. (Jonas Gratzer/LightRocket via Getty Images) File

That same month, however, Australia took a hardline stance on asylum seekers, not allowing refugees arriving by boat to settle in the country, according to the outlet. The government said at the time the policy was meant to discourage dangerous attempts to get to the country by sea.

"I didn't want to go to prison in Iran so I left and when I got to Australia they put me in this prison for years," he told the BBC in January.

Throughout those years, Boochani continued his work as a journalist. He chronicled the lives of his fellow Manus Island residents and wrote about his own experiences as a correspondent for several international news outlets. He was jailed for eight days at one point due to his reporting of a hunger strike, and he wrote about witnessing guards shoot, stab and murder his friends, the Guardian reported.

WASHINGTON POST REPORTER JASON REZAIAN REVEALS 'TORTURE' HE ENDURED IN IRANIAN PRISON

He claimed he was twice tortured, and said he watched as some of his friends died from lack of medical treatment while others fell into depression and committed suicide, the outlet reported.

“I will never go back to that place,” Boochani told the Guardian after leaving PNG. “I just want to be free of the system, of the process. I just want to be somewhere where I am a person, not just a number, not just a label ‘refugee.’”

His acclaimed book, "No Friend But the Mountains: Writing from Manus Prison in 2018," details the lives of asylum-seekers at the detention center. He famously wrote it via WhatsApp messenger app, sending one sentence at a time to a source in Australia, where it was translated, according to the outlet.

I just want to be somewhere where I am a person, not just a number, not just a label ‘refugee.’

— Behrouz Boochani, journalist and author

The book reached a wide audience and won Australia’s richest literary prize in January. It also proved to be his way off the island. New Zealand issued Boochani a one-month visa so he could appear at a literary festival in Christchurch later this month, the BBC reported.

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After his stay in New Zealand, he told outlets that he hopes to relocate to the U.S., where he was accepted for asylum as part of a “refugee swap” deal between former President Barack Obama and Australia’s former Prime Minister Malcolm Turnbull.

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2019-11-14 15:46:21Z
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Tencent vs. Alibaba: Why one Chinese titan is slumping while the other soars - CNN

The company's stock fell 2.3% in Hong Kong on Thursday, making it the day's worst performer on the Hang Seng Index (HSI). It was also Tencent's biggest daily percentage drop in three weeks.
Investors were dispirited by a lackluster earnings report. On Wednesday in New York, the WeChat owner said that net profit for the third quarter dropped 13% compared to a year ago. It partly blamed a slide in revenue from PC games and advertising, particularly on its video streaming platform.
The sluggish performance highlights a divergence between two of China's most valuable tech companies: Tencent's earnings miss comes the same week its longtime rival, Alibaba (BABA), is riding a very public wave of prosperity.
On Monday, Alibaba once again broke its record for Singles Day, the world's biggest annual shopping event that continuously rakes in more than Black Friday and Cyber Monday combined. Two days later, the e-commerce titan confirmed after months of speculation that it would hold a splashy secondary listing in Hong Kong. It aims to raise up to $13.4 billion in what would likely be the world's second-largest public offering this year.
Alibaba wants to raise billions by listing its shares in Hong Kong
To be clear, the two are fundamentally different companies. Alibaba's core business is e-commerce, while Tencent is primarily known for WeChat, the ubiquitous "super-app" that can be used for anything from social networking to digital payments. Tencent also has a huge gaming business, which includes popular titles like "PlayerUnknown's Battlegrounds" (PUBG) and "Call of Duty: Mobile."
The two companies have "performed on par historically," internet research analysts at Bernstein have pointed out. In an August research note, they wrote that "over the past 20 years, their earnings and market caps are similar, and both grew at around 30% annually."
But Alibaba's stock has done much better this year, rising 33% compared to Tencent's 3% growth.
Alibaba is also outperforming the broader New York Stock Exchange (NYA) by about 15%, while Tencent has edged the Hang Seng Index (HSI) by 1%.
Bernstein predicted earlier this year that Tencent's revenue will grow slower than Alibaba's for the next three years because the WeChat owner's business is spread out across several segments that are growing at different paces.
"Alibaba grows better because the core business remains strong," they wrote.
Tencent, which is the world's largest gaming company, was hit hard by a regulatory crackdown on the sector in China last year.
While the firm has started to bounce back — it said this week that revenue from online games and smartphone games both increased year-over-year — investors are still wary of further roadblocks. Any "unsuccessful launch of new games" is a major potential risk in the company's outlook, analysts at Jefferies wrote in a note Wednesday.
Baidu's bets on mobile and streaming are paying off
Tencent has other challenges, such as China's economic slowdown, which has been hurting the online advertising sector. The company was also caught in the NBA's geopolitical crisis in China last month, after a team manager's tweet expressing support for the Hong Kong protests forced its Chinese partners to cut ties with the league. Tencent is the exclusive digital partner for the NBA in China, and canceled the streaming of two preseason games during the controversy.
On Wednesday, Tencent president Martin Lau said that he hopes the NBA problem "resolves itself."
Tencent is also getting dwarfed in an important part of its business: cloud services. While revenue from that unit grew by a whopping 80% in the last quarter, it still came in at 4.7 billion Chinese yuan ($669 million), well below Alibaba's latest intake of 9.3 billion Chinese yuan ($1.3 billion) for its own cloud division.
Overall, however, most analysts remain extremely bullish on Tencent, citing its ability to grow its fintech business and expand mobile gaming as a way to rebound. The average recommendation on the company is "strong buy," according to data provider Refinitiv.
Bernstein analysts said Wednesday that Tencent's mobile gaming and advertising revenue is likely to accelerate in the coming quarters, and its video streaming business should also stage a recovery.
"The worst is behind," they wrote in a research note.

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https://www.cnn.com/2019/11/14/tech/tencent-earnings-alibaba-stock/index.html

2019-11-14 12:51:00Z
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