Next China: A Jumbo Mystery - Bloomberg

2022-06-25 03:10:00 By : Ms. Lily Tsang

Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world.

With its ease of use and sleek design, Robinhood’s commission-free app made trading a pandemic pastime. But critics contend it makes trading too easy, and now the SEC is getting involved.

Chevron to Sell California Campus, Move Some Staff to Texas

Market Is Shredding All the Time-Tested Ways to Chart Its Course

Blackstone-Led Group Provides $5 Billion of Debt for Zendesk

Roe Ruling Discussions Turn Contentious Inside Tech Giants

China Electric-Vehicle Stocks Are All the Rage, Trouncing Tesla

Xi to Attend Hong Kong Anniversary Event, Lee’s Swearing-In

Ex-Colombian Finance Chief Ocampo Joins Petro’s Team of Advisers

Tourmaline Surge Propels Mike Rose’s Stake Past C$1 Billion

Billionaires Bill Gates, George Soros Slam Supreme Court’s Abortion Decision

Carnival Shares Cruise Higher on Gains in Revenue, Bookings

Disney to Keep Formula One TV Rights at a 1,500% Premium

Overturning Roe Is Just the Start of the Shocks

Can Companies Still Cover Abortion Travel Costs?

Ending Roe Is Institutional Suicide for Supreme Court

Why You Should Quit Your Job After 10 Years

A Sci-Fi Novel’s Eerily Accurate Predictions About Today’s Tech

The NSA Is Funding Summer Camps to Teach Kids to Be Cyber Pros

How Green Became the International Color of Abortion Rights

Ghislaine Maxwell Seeks to Bar Some Accusers From Sentencing

What Happens When Women Get Illegal Abortions in Post-Roe America

Singapore's Rich Face Delays and High Prices for New Luxury EVs

Dutch to Cut Amsterdam Airport’s Capacity Over Noise Pollution

Amid a Weekend of Demonstrations, Asian Americans Will Have Their First National Rally

Local Officials Beef Up Abortion Sanctuary Cities

Sweltering Cities Can’t Keep Enough Swimming Pools Open

Thiel-backed Bitpanda Cuts Hundreds of Jobs on Crypto Tumult

Almost $4 Billion in Bitcoin Miner Loans Are Coming Under Stress

Ukraine Is Fighting the First War Funded by Crypto Philanthropy

Signage for the Jumbo Floating Restaurant is illuminated at a pier at the Aberdeen South Typhoon Shelter in Hong Kong on Jan. 17, 2020.

Hong Kong’s Jumbo Floating Restaurant — a once-popular tourist attraction that counted Queen Elizabeth II and Tom Cruise among its most famous patrons — may be no more.  The huge ship, which is shaped like an imperial palace and floated in the city’s Aberdeen harbor for decades, capsized this week in the South China Sea after being towed to an unknown destination. No crew members were injured. The Jumbo’s ultimate fate is still murky. Owner Aberdeen Restaurant warned earlier this week that salvaging the three-story vessel, which ran into trouble near the Paracel Islands, would be “extremely difficult” given the water depth of 1,000 meters — implying the Jumbo was destined for the bottom of the sea.

But the story took a surprising turn Friday, when the company insisted the boat had not “sunk,” only “capsized,” according to the South China Morning Post. A spokeswoman could not tell the paper, though, whether the ship was still above water. A company representative didn't immediately respond to a request for comment from Bloomberg News.