Economic

Macau gambling king Stanley Ho dies at 98

HONG KONG (Reuters) — Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia’s richest men, died on Tuesday at the age of 98, state broadcaster China Central Television (CCTV) reported.

The flamboyant tycoon, who loved to dance but advised his nearest and dearest to shun gambling, headed one of the world’s most lucrative gaming businesses through his flagship firm, SJM Holdings Ltd, valued at about $6 billion.

Shares of the companies in the family empire surged after the news. SJM rose as much as 8.5%, passenger transport

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Shimadzu to use saliva for coronavirus testing

KYOTO — Japanese precision instrument maker Shimadzu will add salvia to the sample of PCR reagents to test for the new coronavirus, after the company confirmed it is as accurate as conventional methods.

Japan’s Ministry of Health plans to allow tests using salvia this month. The non-invasive procedure is simple and poses less risk of passing secondary infections. The company will expand its reagent supply and prepare for a possible second wave of infections.

Shimadzu is already marketing reagent for the virus. The method does not require extracting impurities that impede gene amplification. Test results can be returned in as

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Coronavirus crushes overseas dreams of Asian students

TAIPEI/HONG KONG — Iris Hsu is only 23, but she is clear about what she wants to do with her life. The marketing student from Taipei dreams of working in a Milanese fashion house, and she hopes COVID-19 is not going to stop her.

Hsu has to stay up late each night for online classes after a travel ban prevented her from returning to her studies in Italy, where she is in the final semester of a graduate program in fashion and luxury brand marketing. But her future remains clouded by the pandemic.

“I have already applied for more than

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Startup takes on foreign groups in China’s polishing robot market

BEIJING — KAANH, a Chinese startup which develops robots that perform polishing tasks, is steadily expanding its presence in the domestic market.

Founded in July 2018, KAANH has already started supplying solutions combining software and hardware to major Chinese companies, including home appliances maker Midea Group.

Polishing work has largely been something of a niche of master craftsmanship in manufacturing powerhouses such as Japan and Germany, but the technology to automate the process has the potential to drastically redraw the map of the global industry.

The process is necessary in the finishing of many products, ranging from large industrial

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