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Google Business NewsMay 27, 2020
Pompeo declares that Hong Kong is no longer autonomous from China, threatening special status - CNBC
Pompeo declares that Hong Kong is no longer autonomous from China, threatening special status  CNBCHong Kong crisis: at least 360 arrested as China protests grow  The GuardianHong Kong Has Become a City Unstuck in Time  National ReviewThe Guardian view on Hong Kong's future: China's doublespeak  The Guardian

MarketWatch MarketPulseMay 27, 2020
Ralph Lauren shares slip after wider-than-expected losses
Ralph Lauren Inc. shares slipped 1.3% in Thursday premarket trading after the luxury clothing and accessories company reported wider-than-expected fourth-quarter losses. Net losses totaled $249 million, or $3.38 per share, after net income of 31.6 million, or 39 cents per share, last year. Adjusted losses of 68 cents per share were below the FactSet consensus for losses of 26 cents per share. Revenue of $1.27 billion was down from $1.51 billion last year but just ahead of the $1.26 billion FactSet outlook. The revenue decline was attributed to the coronavirus pandemic and Hong Kong protests. Revenue in North America was down 11% to $629 million and in Asia, revenue was down 22% to $214 million. Europe fell 19% to $353 million. Ralph Lauren ended fiscal 2020 with $2.1 billion in cash and investments and $1.2 billion in debt. The company drew down $475 million from its global credit facility and took other measures in response to COVID-19, including halving Chief Executive Patrice Louvet's salary, eliminating Chief Creative Officer Ralph Lauren's salary and bonus, and furloughing a "substantial portion" of store and corporate employees. Ralph Lauren stock has slumped 30.6% for the year to date while the S&P 500 index is down 7.4% for the period.

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Google Business NewsMay 27, 2020
Hong Kong's richest man Li Ka-shing defends China's plans for security law - CNN
Hong Kong's richest man Li Ka-shing defends China's plans for security law  CNNHong Kong crisis: riot police flood city as China protests grow  The GuardianChina Has No Choice But to Take H.K. Matters Into Own Hands: Regina Ip  Bloomberg PoliticsHong Kong's moment of truth — and China's | TheHill  The HillThe Guardian view on Hong
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