Friday, 29 May 2020 03:27 PM MYTTOKYO, May 29 ― The yen rose against major currencies today as caution ahead of US President Donald Trump's press conference on China's treatment of Hong Kong triggered safe-haven inflows.
The greenback was on course for a weekly loss against major currencies as progress in lifting coronavirus lockdowns and stimulus plans in Europe weakened demand for safe havens, but the mood could quickly worsen if Sino-US tensions increase. The dollar fell to US$1.1102 per euro today, close to its lowest since March 30. The euro drew support from data showing a smaller-than-expected fall in German retail sales.
China's parliament yesterday approved national security legislation for Hong Kong that Western countries fear could erode the city's freedoms. The potential stand-off has stirred memories of last year's bruising Sino-US trade war, which weighed on the global economy and roiled financial markets.
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UK will increase visa rights if China pursues Hong Kong security law, reports BBC | Malay MailLONDON, May 28 — Britain will give greater visa rights to British national overseas (BNO) passport holders from Hong Kong unless China suspends its proposed security laws, foreign minister Dominic Raab said in an interview reported by the BBC today. “In relation to BNO passport holders, as you... how does extending visa from 6 to 12 months create a path for future citizenship when qualifying period for 'Indefinite Leave to Remain' only after 5 years stay & only after 12 months of obtaining ILR can apply for naturalisation? does anyone have any idea?
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